Changpeng Zhao schlägt vor, eine freiwillige Gebühr zu erheben, durch die die Angebotsmenge von LUNC gezielt verringert werden könnte, um die Kursentwicklung zu kontrollieren.
Bitcoin volatility trended downwards in Q3: report
- Bitcoin’s average 30-day volatility in August was 60%, while it stood at 80% in June.
- In 2022, risk asset markets (crypto included) have traded lower and Bitcoin more so like a high-beta US stock.
Bitcoin (BTC) realized volatility during quarter three has trended downwards, according to the latest report on the metric from crypto intelligence and research firm Messari.
Per the research platform, the benchmark cryptocurrency recorded the lower volatility as the crypto saw a slight recovery from June lows.
So while BTC has once again dipped below $20,000 in September, the recovery from the $17,600 levels in June and the retest of key resistances near $25,000 in mid-August was key.
“Bitcoin realized volatility trended downwards as it made a gradual recovery in Q3. Average 30-day volatility for August was 60% compared to over 80% for June,” Messari’s Sami Kassab and Kuna Goel wrote in the State of Bitcoin Q3 2022 report.
BTC volatility chart showing downward trend in Q3. Source: Messari
The lower volatility for the world’s largest cryptocurrency by market cap saw the broader crypto market record much lower liquidations across the period, the analysts added. For instance, total long liquidations stood at $5 billion in August, a more than 50% drop from the $10.8 billion recorded in June.
As for total short liquidations, the figure fell to $3.5 billion last month, compared to $6.6 billion total liquidations seen in June.
BTC traded like a high-beta US tech stock
As crypto prices see-sawed over the quarter, Messari notes, Bitcoin traded more like a tech stock as it tracked the Nasdaq 100 (rebased).
This happened not just as the federal fund rates increased across the three months, but reflected the rot going back to late 2021. Prior, availability of easy money amid institutional adoption, had helped fuel the bull market.
“For the quarter, the average correlation between Bitcoin and NASDAQ 100 was 0.6 as inflation and rate hikes dominated the narrative. Surprisingly, digital gold and physical gold are far less correlated. The average correlation for the quarter between the two assets was 0.2,” Kassab and Goel wrote.
Overall, Q3 has seen Bitcoin essentially lose two of its key narratives – as an inflation hedge and store-of-value asset – amid the bear market crash that precipitated declines of over 72% since the all-time-highs of 2021.
Bitcoin was trading around $18,910 on Sunday afternoon, about 6% and 13% down over the past 7 days and 30 days respectively.
The post Bitcoin volatility trended downwards in Q3: report appeared first on CoinJournal.
Gouverneur von Kalifornien lehnt Krypto-Regulierung auf Landesebene vorerst ab
Gavin Newsom sperrt sich gegen einen neuen Krypto-Gesetzentwurf, um zunächst abzuwarten, bis auf Bundesebene konkretere Rahmenbedingungen geschaffen werden.
OCEEF taps Polygon to help bring deep-sea research to Web3
Polygon to help ‘save the ocean’ group bring its state-of-the-art vessel RV Odyssey to the metaverse, democratising access and governance.
Polygon, the Ethereum scaling solution helping to bring millions of everyday users to Web3, has teamed up with conservation platform Ocean Conservation Exploration and Education Foundation to help promote deep-sea research and education.
The collaboration will see OCEEF leverage Polygon’s technology to deliver to the masses a Web3 experience of deep-sea missions in the metaverse.
Web3 experience and democratised access
Access to decentralised governance via blockchain platforms is a trend that’s quickly picking up across the globe, with benefits of transparency and accountability adding to the growth. Polygon and OCEEF’s collaboration will explore these benefits.
Using Polygon’s technology, OCEEF will open up access to RV Odyssey, a state-of-the-art research vessel that was notably featured in BBC’s Blue Planet II.
As noted, Polygon will help democratise access and project missions via a distributed governance system, while users will help fund Odyssey through unique NFTs, the team noted in the announcement.
“We see web3 as a critical accelerator in engaging and educating people about the importance of the Ocean. Using our Polygon partnership and its carbon-neutral tech as a launchpad, we will be using technology to democratise access to the vessel through multiple web3 platforms as well as provide participants with the ability to help decide the vessel’s future itinerary and research,” Alex Moukas, founder of OCEEF said.
OCEEF will also work with web3 SaaS platform dSphere – which offers a multi-chain ecosystem integration including wallet support, NFT marketplace, smart contracts and oracles.
The post OCEEF taps Polygon to help bring deep-sea research to Web3 appeared first on CoinJournal.
Bitcoin hätte fast Netcoin geheißen – Alte Domaindaten decken Kuriosum auf
Neben Bitcoin.org hatte Satoshi Nakamoto 2008 wohl auch die Domain Netcoin.org erworben, was darauf schließen lässt, dass der alternative Name für den heutigen Krypto-Marktführer schon erdacht war.