Aave hat ETH-Kredite ausgesetzt, bis der Merge stattgefunden hat. Compound Finance hat eine Kreditobergrenze und ein neues Zinsmodell eingeführt.
Ethereum (ETH): Probleme bei Bellatrix-Upgrade Grund zur Sorge?
Das Bellatrix-Upgrade ist das letzte große Update vor dem Ethereum Merge. Mit diesem geht das Netzwerk zum Proof-of-Stake über.
PIVX price pumps after forming a falling wedge. Is it a buy?
PIVX price jumped sharply on Wednesday even as the prices of other cryptocurrencies nosedived. The token rose to a high of $0.2265, which was the highest level since August 28. At its peak, the coin was up by more than 44% from its lowest level this week.
What is PIVX and why is it rising?
PIVX price defied gravity on Wednesday even as the prices of other digital coins crashed. Bitcoin dropped to a low of $18,000 while the total market cap of all digital cryptocurrencies dropped below $1 trillion.
For starters, PIVX is a privacy-focused cryptocurrency that emerged as a hard fork of Dash. Dash, on the other hand, was created from a hard fork of Litecoin, one of the oldest cryptocurrencies in the world.
There are four main types of transactions in PIVX. First, there is transparent transactions where the sender and recipient’s address are all public. Second, there are de-shielding transaction, where a shield address sends funds to a transparent one.
Third, there is a shielding transaction where a transparent address sends to a shield one. Finally, there is a shield transaction, where a shield sender sends to another shield address.
Another PIVX feature is that it rewards its users for just holding the token. According to its website, the average daily reward for the token is 2.52 PIV while the estimated annual yield is 9.18%. The total supply locked in masternodes has risen to 24.53%.
It is unclear why the PIVX price is soaring as other cryptocurrencies crash. A possible reason is that this could be a pump and dump scheme. In 2021, users complained after losing over $112 million in a pump and dump scheme of the token.
PIVX price prediction
The four-hour chart shows that the PIVX price jumped to a high of $0.3450 on August 27 of this year. This was a 140% increase from the lowest level during the month. It then had a freefall as demand for the coin crashed and after it moved to a distribution phase.
As the coin dropped, it formed a falling wedge pattern that is shown in black. In price action analysis, this pattern is usually a bullish sign, which explains why its price rose. Still, with volume still low, there is a likelihood that the coin will resume the bearish trend in the near term.
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Bitcoin (BTC): Starker Dollar und Einbruch unter Bärenflagge führen zu 15.000 US-Dollar
BTC verliert seinen Status als sicherer Hafen an den US-Dollar, da Investmentfonds ihre Bargeldbestände in der ersten Jahreshälfte stark aufgestockt.
MEXC the first CEX to support LUNC upgrade and burning proposal
Three months ago, MEXC Global initiated a LUNC recovery plan that included burning and buying back LUNC and since then LUNC has hit its highest gains since the TerraUSD stablecoin debacle that led to the Terra Luna hard fork.
MEXC has once again committed to supporting Terra Luna Classic by supporting the 1.2% burn proposal from the Terra Luna Classic community. To that extent, MEXC has launched a time-limited burning event for spot trading fees for LUNC/USDC and LUNC/USDT from September 3, 10:00 to September 17, 10:00 UTC when the 1.2% tax burn proposal is expected to be released.
This makes MEXC the first centralized exchange (CEX) to support LUNC’s upgrade and burning proposal. Currently, MEXC ranks second when it comes to LUNC burning.
In the initiative, the trading fees received by MEXC will be used for secondary market buybacks on a daily basis. MEXC will then make arrangements to send the LUNC tokens bought in the buyback to the official burn address provided by Terra.
MEXC’s global initiatives
As a leading cryptocurrency exchange, MEXC offers cryptocurrency trading services for spot trading, ETF, crypto futures, staking and NFTs among other crypto-related services. It serves over 7 million people across the world and supports more than 1,400 cryptocurrencies.
MEXC Global offers zero fees for all spot trading during the current bear market. It has also committed to supporting Ethereum upgrade together with any possible hard forks once Ethereum migrates to a Proof-of-Stake model.
The crypto exchange also introduced Grid Trading and Trade Mining among other incentive products for its users.
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