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Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing
Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms. What’s the Bitcoin Pi Cycle bottom indicator? Dubbed “Pi Cycle bottom,” the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market’s bottom. Notably, each time the 150-period EMA has fallen below the 471-period SMA, it has marked the end of a Bitcoin bear market. For instance, in 2015, the crossover coincided with Bitcoin bottoming out near $160 in January 2015, followed by an almost 12,000% bull run toward $20,000 in December 2017....
Inside Superfly’s Web3-Powered Music Festival and How You Can Be a Part Of It
Superfly, Velvet Sea Ventures (VSV) and Tom Brady’s Autograph. io are officially unveiling their latest partnership: SuperNFTs. The project’s debut event will be SUPERF3ST, a community-built and Web3-powered music festival taking place in 2023. On Friday (July 15), 3,000 NFTs (dubbed SUPERPASS NFTs) will be minted and distributed to fans, who will in exchange receive the opportunity to help plan the upcoming festival as a SUPERF3ST Founder. SUPERPASS NFT owners will be a part of key decision-making moments from choosing a lineup to merchandise to location and more. Ahead of the minting, SuperNFT completed a $7 million Series A investment round with participation from JDS Sports, Art Blocks founder Erick Calderon (Snowfro), Pixel Vault, Inc. founder Sean Gearin (GFunk), marketing executive ...
Vleppo and Tokel make NFT rights legally enforceable in the real world leveraging Komodo technology
Kongens Lyngby, Denmark, 12th July, 2022, Chainwire A long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcement of digital asset transactions. Today, Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and NFT owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world. In June 2022, Vleppo developed a Blockchain Contract Management System (“CMS”) that enables NFT owners to create a digital contract by embedding their NFT’s on-chain ID directly into the Blockchain record of the same digital contract. [embedded content] T...
Capitulation ongoing but markets not at the bottom yet: Glassnode
Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close. The latest ‘The Week On-Chain’ report from blockchain analysis firm Glassnode on July 11 explains that market capitulations have been ongoing for about a month and that several other signals suggest bottom formations in Bitcoin prices. However, Glassnode analysts wrote that the bear market “still requires an element of duration” as Long-Term Holders (LTH), who tend to have greater confidence in Bitcoin as a technology, increasingly bear the greatest unrealized losses. “For a bear market to reach an ultimate floor, the share of coins held at a loss should transfer primarily to those who are the least sensitive to price, and...
More than $4.7M stolen in Uniswap fake token phishing attack
A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater. Metamask security researcher Harry Denley was one of the first to raise the alarm bells of the attack, telling his 13,000 Twitter followers on July 11 that 73,399 addresses had been sent malicious ERC-20 tokens to steal their assets. ⚠️ As of block 151,223,32, there has been 73,399 address that have been sent a malicious token to target their assets, under the false impression of a $UNI airdrop based on their LP’s Activity started ~2H ago0xcf39b7793512f03f2893c16459fd72e65d2ed00c cc: @Uniswap @etherscan pic.twitter.com/5W...
More than $4.7M stolen in Uniswap fake token phishing attack
A sophisticated phishing campaign targeting liquidity providers (LPs) of the Uniswap v3 protocol has seen attackers make off with at least $4.7 million worth of Ethereum (ETH). However, the community is reporting the losses could be even greater. Metamask security researcher Harry Denley was one of the first to raise the alarm bells of the attack, telling his 13,000 Twitter followers on July 11 that 73,399 addresses had been sent malicious ERC-20 tokens to steal their assets. ⚠️ As of block 151,223,32, there has been 73,399 address that have been sent a malicious token to target their assets, under the false impression of a $UNI airdrop based on their LP’s Activity started ~2H ago0xcf39b7793512f03f2893c16459fd72e65d2ed00c cc: @Uniswap @etherscan pic.twitter.com/5W...
Online brokerage M1 Finance to launch crypto trading accounts
Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks. The Chicago-based company was founded in 2015 and claims to have more than $5 billion worth of assets under management (AUM). The brokerage also offers retirement accounts in addition to providing commission-free trading on stocks and exchange-traded funds (ETFs). In a July 11 blog post explaining the move, M1 CEO and founder Brian Barnes noted that it was primarily driven by strong consumer demand to support crypto assets: “The crypto market is still young and volatile; Bitcoin emerged just 13 years ago.” he stated before adding, “Cryptocurrencies are a roughly trillion-dollar asset class that over 20% o...
Online brokerage M1 Finance to launch crypto trading accounts
Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks. The Chicago-based company was founded in 2015 and claims to have more than $5 billion worth of assets under management (AUM). The brokerage also offers retirement accounts in addition to providing commission-free trading on stocks and exchange-traded funds (ETFs). In a July 11 blog post explaining the move, M1 CEO and founder Brian Barnes noted that it was primarily driven by strong consumer demand to support crypto assets: “The crypto market is still young and volatile; Bitcoin emerged just 13 years ago.” he stated before adding, “Cryptocurrencies are a roughly trillion-dollar asset class that over 20% o...
Helium network team resolves consensus error after 4-hour outage
The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality. During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team resolved the issue by skipping the blockchain forward by one block and resuming normal functions. At 10:20 am EDT, the Consensus Group stopped producing blocks at block height 1435692 on the Helium (HNT) blockchain, according to a status update. Lacking network consensus, token transfers could not be completed, and new blocks were not being produced. We’re back folks. The chain just processed block 1,435,693. We’ll continue to monitor the chain throughout the day....
Helium network team resolves consensus error after 4-hour outage
The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality. During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team resolved the issue by skipping the blockchain forward by one block and resuming normal functions. At 10:20 am EDT, the Consensus Group stopped producing blocks at block height 1435692 on the Helium (HNT) blockchain, according to a status update. Lacking network consensus, token transfers could not be completed, and new blocks were not being produced. We’re back folks. The chain just processed block 1,435,693. We’ll continue to monitor the chain throughout the day....
Steve Smith, Legendary Radio Programmer Who Helped Launch the Hip-Hop Format, Dies at 62
The radio world is mourning the loss of revered programmer and consultant Steve Smith, who died suddenly last Thursday (July 7). He was 62. Tim Richards, Smith’s partner in Smith Richards Collective who first met Smith in 1992 at the MTV Awards in Los Angeles during a Westwood One broadcast, wrote on his Facebook page, “Steve was (that’s so hard to type) an incredible man. He was a radio innovator and one of the kindest and most creative programmers I’ve ever learned from.” Smith’s family confirmed his death in a statement to radio trade All Access, writing, “Steve unexpectedly passed away peacefully at home, in his sleep on July 7…Steve’s highly successful career spanned 40 years and has broken countless records, won countless awards, and has irrevocably changed the landscape of American ...
Steve Smith, Legendary Radio Programmer Who Helped Launch the Hip-Hop Format, Dies at 62
The radio world is mourning the loss of revered programmer and consultant Steve Smith, who died suddenly last Thursday (July 7). He was 62. Tim Richards, Smith’s partner in Smith Richards Collective who first met Smith in 1992 at the MTV Awards in Los Angeles during a Westwood One broadcast, wrote on his Facebook page, “Steve was (that’s so hard to type) an incredible man. He was a radio innovator and one of the kindest and most creative programmers I’ve ever learned from.” Smith’s family confirmed his death in a statement to radio trade All Access, writing, “Steve unexpectedly passed away peacefully at home, in his sleep on July 7…Steve’s highly successful career spanned 40 years and has broken countless records, won countless awards, and has irrevocably changed the landscape of American ...
