Neben Kwon werden auch Terra, die Luna Foundation Guard und ein weiterer Mitgründer des Blockchain-Projekts in der Sammelklage beklagt.
Cowboy-Hüte, Waffen und Krypto – Texanischer Bitcoin-Talk mit Dan Held
Der prominente Bitcoiner Dan Held zeigt der Krypto-Influencerin seine texanische Heimat und spricht mit ihr dabei über Kryptowährungen und Blockchain-
Has Cosmos ATOM finally found a bullish footing?
Cosmos ATOM/USD has climbed 2% in the past day to consolidate weekly gains at 17% as cryptocurrencies recover. ATOM currently trades at $13, with a market valuation of over $3 billion. Equally, Cosmos has registered significant activities as daily trading volumes rose 63% to $628 million.
A broader outlook shows that the interoperability token is 59% lower year-to-date. While it is a significant sell-off, it is lower compared to the drop in the overall crypto valuation. The overall market cap is at $990 billion from a peak of $3 trillion.
Cosmos aims for blockchain scalability and connectivity through a unified network called the ‘Internet of Blockchains.’ The platform’s use case in enabling independent blockchain share data is seeing a rising interest among blockchains. This month alone, Cosmos added 17 new projects, with the weekly active users rising to more than 85,000 as of October 17.
Supporting the fast expansion of Cosmos is the ability to create a blockchain from scratch, with Cosmos IBC. The interoperability protocol is based on a proof of stake consensus and Byzantine Fault-Tolerant. Technically, ATOM is on bullish momentum, but the indicators show some weakness.
Cosmos surges from support as momentum wanes
Source – TradingView
ATOM moved from $11 to $13 within seven days, pushing it to the upper band of the Bollinger Bands. The trend means the digital asset may be due for a pullback. The view is complemented by the Stochastic Oscillator, which currently shows ATOM at the overbought zone. If the two technical indicators hold, the token could retest the $11 support level.
Concluding thoughts
Although ATOM has turned in positive gains, the token may be due for a correction and is not yet a buy. The technical indicators are pointing towards a potential pullback, at least in the short term.
For the long-term outlook, Cosmos fundamentals in interoperability place the network in a strategic position. However, the overall crypto market sentiment is a factor to consider.
Where to buy ATOM
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
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What exactly is happening with Shiba Inu?
Shiba Inu (SHIB/USD) has recovered by more than 10% in the past week. The gains come as investors develop a risk-on sentiment around meme tokens. Dogecoin is already riding on positive sentiment. Investors are curious whether its sister Shiba Inu will make similar moves.
Shiba Inu has endured a difficult spell as the price has been largely bearish. As of press time, the meme token was trading at $0.000011, recovering from a drop to $0.0000098. The gains came when the crypto exchange Bitstamp listed the token. We look at a few developments that could impact price next.
Fundamentally, there are mixed developments for SHIB. First, the Shiba Inu burn rate skyrocketed 14,267% as of October 27. However, the tokens burned were just 14.07 million. The burning mechanism has lately been less influential to SHIB’s price.
Elsewhere, whales hodling of SHIB has fallen to below $100 million, according to data by WhaleStats. As of October 28, the top 100 ETH whales were hodling $89,781,650 SHIB. The development comes after WhaleStats indicated that the top 500 Ethereum wallets had added $6 million worth of SHIB.
SHIB contained by resistance at $0.000012
Source – TradingView
On the technical front, SHIB is trying to break above the 50-day MA. The cryptocurrency now remains supported by the 20-day MA. The relative strength index remains above the midpoint, with no overbought conditions.
Shiba Inu must clear the resistance at $0.000012 for the bullish momentum to be sustained. The move will depend on the crypto sentiment and risk assessment by investors around the meme token.
Should you buy Shiba Inu?
SHIB price is known to make parabolic moves in the market. Thus, a positive sentiment around the Twitter acquisition could boost the token. For now, we remain cautious as long as the token remains below $0.000012.
Where to buy SHIB
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy SHIB with Capital.com today
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What is Wrapped Bitcoin, and why should you be interested?
Wrapped Bitcoin (WBTC) is an ERC-20 token representing Bitcoin that can be swapped with BTC on a 1:1 basis. The digital asset was created to allow Ethereum developers to use Bitcoin in the blockchain (Ethereum). By doing so, it combines the best of both networks, the liquidity of BTC, and the decentralised application support of Ethereum.
Wrapped Bitcoin launched in 2019 as a joint project of major blockchains, including MakerDAO and Compound. The forked blockchain works by fixing the original token, BTC, in a digital vault and minting a new one, WBTC, on Ethereum. The function is enabled with the help of a model of custodians, merchants, end-users, and WBTC DAO.
The reason you should be interested in Wrapped Bitcoin is due to its importance in the crypto space. It addresses the biggest challenge in the sector – interoperability. The current landscape of blockchain technology is characterised by independent projects with different functionalities.
While it preserves the security of individual networks, it hinders communication and transfer of assets. WBTC bridges this important gap, although it uses a different security model from that of bitcoin. The model is referred to as proof of reserves. Nonetheless, with WBTC, one gets a fixed interest income from lending BTC tokens as DeFi collateral.
WBTC meets resistance amid a bullish momentum
Technically, WBTC price moves similarly to that of BTC, making it an option for investors searching for tokens related to the latter. At the time of writing, WBTC was trading at $20,209, 7% higher in the past week.
Source: TradingView
The daily technical outlook shows that WBTC found resistance at $20,959 and is currently on a retracement. The MACD momentum indicator affirms a bullish momentum, while the Stochastic Oscillator is slightly below the overbought zone.
Should you buy WBTC?
The fundamental side of things is promising for Wrapped Bitcoin due to its use cases in DeFi. Technically, however, the price has retraced to the immediate support. The cryptocurrency could, however, be affected by macro developments, just like BTC.
Where to buy WBTC
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.
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