Crypto Nexus | News

Hong-Kong analyst accused of insider trading.👮‍♀️ After opening long on SOL at exactly $9.40 while live streaming on his Telegram channel. He claims this to be a result of his own trading strategy. One time link to his channel – https://t.me/+B6uMCRNThas0MDIy

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Best Supply and Demand Zones Indicators There are many indicators that you can use to confirm supply and demand zones on a price chart. Some of the best ones include: Pivot Points Most traders use daily or weekly pivot points to indicate potential supply and demand zones - also referred to as resistance and support levels. These points are technical analysis indicators that provide traders with an average of high, low, and closing prices from the last trading day. Support and Resistance Levels The concepts of support and resistance help traders understand and evaluate chart patterns. Support refers to price levels where the downward movement stops due to increased demand for an asset. On the other hand, resistance describes price levesl where upward price movement reverses with a sell-off. Fibonacci Levels Fibonacci levels help traders identify possible turning points at supply and demand zones. In the chart above, the Fibonacci 61.8% retracement level is reveals a significant supply/resistance level. Learn Crypto

What are the different types of stablecoins? You’re probably familiar with the most popular “crypto dollar,” Tether, or USDT, but there are tons of other stablecoins besides Tether. They are categorized into four types: ▪️ Secured by fiat and securities This type of stablecoin is backed by real currencies—e.g., the United States dollar at a 1:1 ratio. A clear example is USDT and, say, USDC. These coins are backed by real money and securities. ▪️ Backed by commodities These coins use commodities, such as gold, real estate, and metals, to support their price An example is Paxos Gold (PAXG) or Tether Gold (xAUT); their price is pegged to gold, and you can trade gold directly on the blockchain (keeping in mind the risks, of course). ▪️ Cryptocurrency-backed As the name suggests, these stablecoins use other cryptocurrencies as collateral. For example, the DAI stablecoin is not backed by fiat at all and relies on other cryptocurrencies as collateral. ▪️ Algorithmic stablecoins The stability of stablecoins USDD, FRAX, and USDX is controlled by programs, algorithms that control the supply and circulation of tokens on the market. So, there are many other stable coins besides USDT. But, of course, Tether remains the most popular solution on the market.

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Crypto Question: “What happens if mining becomes completely unprofitable and miners leave? Will Bitcoin collapse?” We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪 So, about fleeing miners: In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market. This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network. Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks. But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!

Another solo miner mined a Bitcoin block. On October 29, a solo miner with a hardware hash rate of 11 PH/s added block #814,308 to the blockchain network of the world’s biggest cryptocurrency. He received a reward of 6.25 BTC ($217,546 at the time of writing) and a commission of 0.09 BTC. Congratulations to the lucky miner 😎

Another solo miner mined a Bitcoin block. On October 29, a solo miner with a hardware hash rate of 11 PH/s added block #814,308 to the blockchain network of the world’s biggest cryptocurrency. He received a reward of 6.25 BTC ($217,546 at the time of writing) and a commission of 0.09 BTC. Congratulations to the lucky miner 😎

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🥇 Since September 1st: 📈 Bitcoin: +34% 📉 Nasdaq: -8.6% Choose wisely.

🚨720% – average upside of ERC20 tokens when added to CEX. Did you miss on PEPE, BALD and APE? Not your fault, you just didn't have the info. Market presents new oppottunities every day, follow professionals like DON CRYPTON to be aware of it. Limited to 20 users only – https://t.me/+tQmOv1YH9IJkNDg0

📈BTC will reach $45,000 by the end of 2023 - Matrixport analysts. "The BTC futures funding rate is exorbitantly high, signaling that the market is driven by FOMO. BTC dominance is 52.1% and trading volumes have risen to $29 billion in 24 hours. Our target for 2023 is $45,000" BTC will reach $45,000 by the end of the year? 👍- Yes. 👎 - No.

Bitcoin vs. gold: Part 1 You’ve probably heard people refer to Bitcoin as digital gold many times. We’ve decided to create a series of posts explaining why people make that comparison, what BTC has in common with gold, and, most importantly, what advantages it has over the precious metal. Today, let’s discuss the basic characteristics of these two assets: liquidity and availability. Gold: Although gold is widely recognized and traded around the world, it is quite difficult to physically own gold. Bullion needs special storage conditions; it’s hard to transport; gold is easy to counterfeit; and, let’s be honest, you don’t want to keep pieces of the precious metal in your closet. We’re used to buying gold on the stock market, but obviously, owning a stock and actually owning the metal are far from the same thing. Bitcoin: Bitcoin has a definite advantage here: It’s extremely easy to access (anyone with an internet connection can buy it), and it’s easy to store by simply creating a Bitcoin wallet. At the same time, if you store BTC in a wallet, you clearly understand that you own the original asset, not a security, which is just a “representation” of the asset. Both gold and Bitcoin are liquid: You can buy or sell as much Bitcoin and gold as you want at any time. Unlike gold, though, Bitcoin has yet to prove its high liquidity over the long haul. It’s only been around for a little over a decade, while gold has been valued by people since antiquity.

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Crypto Question: “What happens if mining becomes completely unprofitable and miners leave? Will Bitcoin collapse?” We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪 So, about fleeing miners: In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market. This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network. Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks. But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!

Warren Buffett inadvertently invested in Bitcoin (BTC) via Nubank🤷‍♂️ Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all! In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto. Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz. It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly. If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.