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August 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw minor outflows last week totalling US$27m, marking the three consecutive weeks of outflows totalling US$46m. Bitcoin is up 3.28% over the last 24 hours and rose to an intraday high of $20,426.47. The largest cryptocurrency closed below the psychological level of $20,000 on Aug 28, but the buyers managed to push the price back above $20,000 today, which indicates strong demand at the $20,000 price level. For now, the buyers must hold the price above the psychological level of $20,000 in order to avoid further decline. Today’s Cryptocurrency Headline Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero Polkadot parachain Moonbeam announced the integration of cross-chain messaging protocol LayerZero to facilitate Web3 interoperability. Derek Yoo, CEO of Purestake, Moonbeam’s parent company, said that the move aims to offer a broader messaging service across various chains such as Ethereum, BNB Chain, Polygon and others. Yoo said this will encourage developers to deploy their applications on Moonbeam. It was reported in May that LayerZero Labs was seeking a new financing round at a $3 billion valuation. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Deeper Network DPR Crypto Crash Deeper Network DPR Crypto has to much bearish news and distrust from the mining community for people to purchase DPR. First Bearish news Sept 6th invest payback then on Dec. 1st Genesis miners will start to unstake and move on from the project to look for the next new project to get into. I don't see the coin price starting to stabilize until at least June 2023 or longer. Deeper has said they will have a AMA next week to announce some new changes. Bearish News: AMA on Twitter 8/18/2022 it was announced that on Dec. 1, 2022 all the original 2000 Genesis Node Miners on Ter8 will go from mining 1,153 DPR per day (when the price was around $15cents) to mine 65 DPR per day with the price now .02cents. All current DPR staking will be given back over 3 months from Dec 2022 to March 2023. Deeper will now only accept USDC as staking now and as currently for all future aspects of the company moving forward. After this new broke the mining community was in an uproar. So they changed it tobe a halving first (Which means you will earn the lowest rewards percentage of all the mining, then they will kick everyone out and drop the staking amount by 80% less. This is to force every one to add more Nodes onto the system to try to get a similar return. But because the miners were lied to, it is not likely the existing miners will purchase more equipment from Deeper. But just to keep what they have. The miners will likely hold there DPR untill it at least gets to .05cents or higher. At the moment Deeper wants to Mine about 3,500,000 Deeper Chain DPR per day which would equal to about 43DPR per Node if it was maxed out with 80,000 nodes. Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead." This is the worst mistake they could of made during this bearish time period. Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time (estimated 40% returned), there is an estimated amount of 2 to 4 Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live. -Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now) - Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect.............. - 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU -Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period. -Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. - Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet - Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed) - Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support) -10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors -Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown. - Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds…… Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed. -Company Info: -Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction) -Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything. -Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara , California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location. (A Few people have come and gone from the head ranks, not sure if currently accurate) Chief Executive Officer: Hui (Russell) Liu; San Jose, California Chief Technology Officer: Hui Liu/Chao Ma Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada Corporate Officer: Adam Wolfe Lei Chang; Saratoga, California Chief Marketing Officer: Eric Ma (Thailand) (Working only part time now, another one of the upper ranks with one foot out the door, I believe the next person will be #3+ for this job title next) Chief Branding Officer: Yinan S. Software Developer: Arturo Jimenez Product manager: Kain Xu
Short
by C-J_
Litecoin Finds Support in the Low $50'sLitecoin found support in the low $50's touching our level exactly at $51.92. We caught a nice pivot, and tested the next level above which we also identified perfectly, to the tick, at $55.84. A red triangle on the KRI indicated resistance, and we swiftly rejected these prices, currently wavering in the vacuum zone between $51.92 and $55.84. We should establish value in this area, as the crypto markets are leveling off after the selloff from hawkish Fed rhetoric permeated the markets.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Smashes through Lower LevelsEthereum has plummeted drastically. After comments from the Jackson Hole retreat were digested, risk off assets sold off hard, in particular the crypto market. Ethereum has been holding strong lately, posting (and holding) better gains than most of the majors. We were even testing restance again in the $1700's, seemingly gearing up for another run to $2K. However we rejected these levels hard, and smashed through support at $1547 and $1424. We are currently resting on support at this level. If we fall through this one, then $1341 is the next level down, then $1235, which was a particular auspicious level last month. If we can muster a pivot, $1547 should provide resistance.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Slammed as Markets Digest Jackson HoleBitcoin has plummeted after the hawkish rhetoric from the Jackson Hole retreat slammed risk on assets. We broke through supoort at $20.7K and smashed through $20K. Currently, we are wavering about the $20K mark, in the high $19K's at the time of this writing. The Kovach is incredibly bearish, registering the selloff. Our next level down is $18.6K, and we have reestablished the value area, where Bitcoin wavered for weeks, between $18.6K and $20.7K.
BITSTAMP:BTCUSDShort
by quantguy
August 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, total value in the ETH 2.0 deposit contract reached an ATH of 13,388,454 ETH. Bitcoin is down 1.82% over the last 24 hours and fell to an intraday low of $19,518.00. The 20-day EMA is sloping down and the relative strength index (RSI) is near the oversold zone, indicating that the bears are in control. For now, the bears will attempt to pull the pair towards the June 18 intraday low at $17,622. Today’s Cryptocurrency Headline SushiSwap Community Votes To Cut Salary Of Next CEO The SushiSwap governance community has passed a vote that will reduce the pay of its Chief Executive Officer. In SushiSwap’s initial proposal, the salary for the position included a base salary of 800,000 USDC, 600,000 SUSHI tokens, and additional incentives. The initial proposal and bonus incentives faced significant pushback from the community. The new incentive structure passed today will reduce the base salary to 500,000 USDC, and the total number of SUSHI tokens as an incentive is reduced from 1.2 million to 1 million. Additionally, the community will revote on who will be hired as CEO. SushiSwap has been looking for a new CEO after previous CEO Maki left in September 2021. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
August 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. Bitcoin is down 5.66% over the last 24 hours and fell to an intraday low of $20,106.95. The cryptocurrency market plummeted alongside the traditional equity market after Federal Reserve Chair Jerome Powell delivered his speech because the market expected the Fed is going to maintain a tough stand against inflation. For now, If the bulls could not hold the price above $20,000, Bitcoin could decline to $18,000. Today’s Cryptocurrency Headline Sui Launches Its Blockchain Browser Sui, a Layer 1 project founded by the former Meta team, announced the launch of its blockchain browser, Sui Explorer, serving as inspection and analytics tools for users and developers to troubleshoot, confirm their activities, and verify holdings on-chain. Sui Explorer is designed to accomplish the following: Keep the most updated and accurate on-chain data, activity, and metrics Enable lookup, verification, and tracking of all assets and contracts Be a fast, reliable, and transparent tool for debugging and auditing Offer useful smart contract development and features unique to Sui Move Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Bitcoin Edges HigherBitcoin is edging up, but is still bounded by $22K or so. We have a strong level at $22.4K, but we can't even muster the strength to test this. We did see strong support around $20K, so it does not seem like BTC is weak enough to test the $18K's or $19K's and establish the range we held when we tested lows. However, the Kovach OBV is still bearish, so we have a slight bear divergence. We are likely not to see any momentum until Fed's Powell speaks at Jackson Hole at 10AM EST. If he sounds dovish, we could see a rally to $22.4K or the next level at $23.9K. Otherwise, expect continued support in the $20K's.
BITSTAMP:BTCUSDShort
by quantguy
August 26 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to The Block, as of August 24, the NFT marketplace volume for the month was $369.53 million, compared with $675.43 million in July — a roughly 46% decline. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,408) to establish a relief rally. If the bulls could not hold the current level, Bitcoin could find support at around $20,000. Today’s Cryptocurrency Headline Ethereum Foundation Confirms the Merger Date The Ethereum Foundation confirmed the timing of the mainnet merger in a blog post. The Merge is a two-step process. The first step is a network upgrade, Bellatrix, on the consensus layer triggered by an epoch height. This is followed by the execution layer's transition from proof-of-work to proof-of-stake, Paris, triggered by a specific Total Difficulty threshold called the Terminal Total Difficulty (TTD). The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain -- 11:34:47am UTC on Sept 6, 2022. Paris, the execution layer's portion of the transition, will be triggered by the Terminal Total Difficulty (TTD) of 58750000000000000000000, expected between Sept 10-20, 2022. The exact date at which TTD is reached depends on proof-of-work hash rate. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Can Ethereum Break Through Resistance?Ethereum found support at $1547, as we anticipated. We saw a lot of green triangles from the KRI on this level, confirming support. Subsequently, we pivoted back to the $1600's where we first saw resistance from $1653. There is a cluster of levels above that should provide resistance, and we are currently in the thicket of them. These start at $1694 and end at $1748. After that, there is a vacuum zone to $1821 which remains a target if we can break through. If we reject these levels then $1653 and $1547 should provide further support.
BITSTAMP:ETHUSD
by quantguy
2
August 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the OKLink data, Ethereum miner addresses have transferred more than 317,000 ETH since August. Bitcoin is up 1% over the last 24 hours and rose to an intraday high of $21,900.00. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. If bears manage to push the price below this zone, a deeper drop towards $20,000 could be expected. Today’s Cryptocurrency Headline Nvidia's Second-Quarter Net Profit and Game Revenue Fell 72% and 33% Nvidia’s second-quarter gaming revenue was $2.04 billion, down 33% year-over-year and a 44% decline from the first quarter. In addition to the macro environment, Nvidia CFO Colette Kress said "As noted last quarter, we had expected cryptocurrency mining to make a diminishing contribution to gaming demand; we are unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand." Furthermore, Nvidia’s total revenue in the second quarter was $6.7 billion, up 3% year-on-year, and net profit was $656 million, down 72% year-over-year. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Ethereum Inches HigherEthereum has found support, bouncing off our level at $1547. We saw mounting support from green triangles on the KRI, but the $1600's are proving tough to break through. Our level at $1653 seems to be a barrier for now. Recall that this is the beginning of a cluster of levels which extend through the mid $1700's. We will need some strong buying momentum to break through these, but if some comes through, we could retest the $1800's. Otherwise, expect continued support at $1547, with $1424 a likely floor price.
BITSTAMP:ETHUSDShort
by quantguy
Can Ethereum Hold the $1500's?Ethereum has held its ground, finding support at $1547, as anticipated. Support is confirmed by multiple green triangles on the KRI. The Kovach OBV is still quite bearish, but does appear to be attempting to level off as the bleeding eases. A strong US dollar and hawkish Fed outlook should continue to weigh on crypto, but if the $1500's can hold, then $1653 is the next target. After that we will face further resistance from that cluster of levels in the $1700's. If support breaks then $1424, and $1341 should provide further support.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Clings to the $20K'sBitcoin has found support at $20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between $18.6K and $20.7K. If we are able to pivot then the next target is $23.9K. But we are seeing strong resistance in between $20.1K and $23.9K, at around $21.6K, which must be broken before considering higher levels.
BITSTAMP:BTCUSDShort
by quantguy