Author: CryptoHoppers
For crypto traders, impulsive trading and greed pose significant risks. Impulsive trading refers to making quick decisions without careful consideration, often driven by emotions rather than analysis. Greed, on the other hand, involves an insatiable desire for more profits, leading to reckless actions. Ignoring these dangers can lead to failure. By understanding the detrimental effects of impulsiveness and greed, cryptocurrency traders can adopt disciplined approaches and risk management techniques to navigate the volatile crypto market successfully. In this article, we delve into these challenges and offer strategies to conquer them. Join us as we explore the topic in depth.1. Impulsive…
Introduction to the Historical Milestone CyberKongz, a pivotal player in the NFT space, recently took to Twitter to detail their latest endeavor, a project they’ve dubbed “DECENTRALIZED.” This initiative marks a significant stride towards autonomy in the digital asset realm, one that veers away from traditional venture capital and exchange funds. Emphasizing Independence and Strategic Execution The crux of the DECENTRALIZED project lies in its self-reliant approach. By steering clear of external funding sources like venture capitalists and exchange funds, CyberKongz aimed to retain complete control over the development and execution of their project. This approach was pivotal to maintaining…
Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […] Source link
Bitcoin has dropped below the $60,000 price range. More long positions have been liquidated in the last 48 hours. The recent downturn in Bitcoin’s [BTC] price has left traders in long positions vulnerable. With BTC’s price declining further and crossing critical thresholds, many holders are liquidating their positions. Bitcoin sees over $100 million in liquidations According to data from Crypto Rank, the cryptocurrency market experienced liquidations totaling over $464 million on the 1st of May, and Bitcoin accounted for over $136 million of this outflow. AMBCrypto’s analysis of the Bitcoin liquidation chart on Coinglass indicated that long positions bore the…
Anodos Finance co-director Panos Mekras debunked some prevalent myths about the application of XRPL Automated Market Maker (AMM) this week. The posts in a series by Mekras on X aimed to dispel the uncertainty in the arena while explaining a practical approach to the XRPL AMM functioning. He made it clear that XRP liquidity will only be required if users wish to provide liquidity support. This occurs in the setting of the by-end of this year’s launch of the XRPL AMM patch, which has technical glitches. Moreover, Mekras further separated the mechanism of liquidity provision and the token holdings. He…
Share this article Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced.In a statement on social media platform X, ENS explained that UD obtained a patent for technology that ENS Labs developed with the intent of being open-source. ENS Update 🧵: In 2023 Unstoppable Domains (UD) obtained a patent for technology ENS Labs developed as open-source. Today, we petitioned USPTO to challenge the validity of that patent, and…
A New Era in Social Media: Popset, the up-and-coming onchain social app, has announced a significant milestone in its development, having successfully raised $1 million in pre-seed funding. This round was spearheaded by Izun Partners, with notable contributions from Michael Shaulov of Fireblocks, Patricio Worthalter of POAP, and PunkDAO, among various esteemed angel investors. Transforming Social Networking: As the digital landscape continues to evolve, Popset is poised to revolutionize social media through its blockchain-powered platform. This innovation aims to enhance user authenticity and ownership of digital interactions, marking a pivotal shift away from traditional social networking paradigms. Strategic Partnerships and…
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […] Source link
A closely followed crypto strategist is warning that Bitcoin (BTC) may have already printed a bull market top. Analyst Ali Martinez tells his 60,700 followers on the social media platform X that realized profits, or gains converted to cash, have historically coincided with Bitcoin market tops. The analyst highlights that when Bitcoin hit a fresh all-time high of more than $73,000, realized profits soared to a new high and eclipsed levels witnessed during the 2018, 2021 and 2022 bull market tops. “Last month, when BTC hit $73,880, realized profits skyrocketed to $3.52 billion. This could signal a potential BTC market…
Wormhole is one of the most widely used and known cross-chain bridges. The hub has proven resilient, despite going through one of the biggest exploits, losing $321M in 2022. Since then, Wormhole has grown its connection pairs and interchain features. Wormhole Targets Developers Again Developers are a scarce resource in the blockchain space. The best may create the next wave of successful projects. Wormhole and Borderless Capital are offering grants to developers who want to create cross-chain features and products. The grant program is open for application now and will distribute a total of $50M in locked liquidity. .@borderless_cap has…