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Zompot Token Aims To Become As Dominant As Industry Leaders LTC And DOGE

Zompot Token Aims To Become As Dominant As Industry Leaders Litecoin And Dogecoin

There have been plenty of promising cryptocurrency projects in the market. Only a project of extraordinary quality stands out in this competitive industry. The cryptocurrency Zompot has the potential to become the next big thing. The native cryptocurrency of the upcoming cryptocurrency platform Zompot, which aims to give users safe and secure investment options, is […]

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Report Shows Hackers Launder $540M Through Crypto RenBridge Platform

Decentralization is a unique feature for cryptocurrency that removes the interference of third parties in crypto-asset transactions. While it could be an advantage in most cases for investors and other participants, it could limit fraud detection. In the cryptocurrency industry, there have been lots of incidents of hacks, scams, frauds, and other dubious activities. With […]

Bitcoin Crypto News

Bitcoin Sends Mixed Signals At $23,000, Capped Upside Potential?

Bitcoin keeps on moving sideways as the weekend approaches and, with less trading volume on exchange platforms, the cryptocurrency hints at potential losses. BTC’s price has surrendered the gains from the past week but has been able to hold to its current levels as critical support. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10 At the time of writing, Bitcoin (BTC) trades at $23,000 with sideways movement over the past 24 hours and a 3% loss over the past week. The first cryptocurrency by market cap has been severely outperformed by Binance Coin (BNB) and Polkadot as risk appetite seems to return to the crypto market. In a recent report, trading firm QCP Capital reiterates its position: BTC’s price upside potential will remain capped after a bullish response to last week’s macro-economic events. The firm expects Bitcoin and Ethereum to move sideways during the coming weeks with potential short-lived rallies. The latter could be translated into price action based on three bullish macro-economic factors: the U.S. Federal Reserve (Fed) has hinted at a less aggressive monetary policy, inflation might have reached its short-term peak as reflected by the drop in the price of commodities, and the potential upside in legacy markets. QCP Capital believes that many market participants in traditional finances took short positions, potentially expecting more losses in the past earnings seasons. These positions are susceptible to a “short squeeze”, a sudden move to the upside, which could benefit Bitcoin and the crypto market. QCP Capital said: Post-FOMC (Federal Open Market Committee, last Thursday), the immediate market reaction was a price rally and vol sell-off. BTC rallied to 24,666 high and ETH rallied to 1,793. In vols, BTC frontend dropped to below 70% (from close to 90%) and ETH to 90% handle (from 125%). Can Bitcoin And Ethereum Break Past Mid-Term Obstacles As there is potential for bullish momentum, bears could resume their attacks if the Fed turns more aggressive on its monetary policy. QCP Capital noted that there are “many” Fed members in disagreement with current market expectations. Market participants have been trying to get ahead of the Fed by pricing in their future interest rate hikes. Thus, why some Fed members might want to turn more hawkish and surprise the market with a bigger hike, reduce demand and possibly have a deeper impact on reducing inflation. QCP Capital said: We continue to think that markets will trade sideways and will be sensitive to economic data releases. US CPI next Wednesday will be the next important one to watch. The trading firm believes that the upcoming Ethereum “Merge” is the biggest hurdle for future appreciation. This event might open the path for the emergence of ETH fork tokens. Related Reading: Crypto Market Trades Sideways As The Inflation Fear Kicks In, What’s Ahead? If one of these tokens, the ETH based on Proof-of-Work (PoW), is able to retain market share from the ETH based on Proof-of-Stake, the token could see a “significant price disruption akin to a stock split or special dividend”.

Crypto News

Stellar Announces Smart Contract Platform “Soroban”, XLM’s Price Reacts With 10% Profits

The Stellar (XLM) Development Foundation celebrated the launch of a preview for their upcoming smart contract platform, called “Soroban”. As part of their “Project Jump Cannon”, the initiative behind the development of the platform, the organization has invited developers to create their own contracts. Soroban’s announcement has been highly anticipated by Stellar (XLM) users. This platform might provide the network with new use cases, and a new wave of adoption, and might provide it with the capabilities to compete with major blockchains, such as Ethereum. Per an official post, Stellar’s smart contracts follow the project vision of providing users with an accessible, user-friendly, and scalable platform. The team behind the project claims Soroban has the potential to become the “standard for smart contracts” in the crypto industry. The Stellar Development Foundation (SDF) claims that the crypto space lacks a smart contract platform with the above-mentioned features. Most “present too many foot guns for developers”. The SDF said the following on the preview for their smart contract platforms: We’re doing it because we believe that we’re building something special with Soroban, and true to our open-source roots, we believe it’s important to share the development process. We want Stellar ecosystem developers and smart contract developers from other ecosystems to have a chance to make a meaningful impact together. Soroban will operate independently from Stellar but will be paired to this network to provide users and developers with accessibility and “equitable access” to the decentralized finance (DeFi) sector. The organization clarified that its smart contract platform will be built with Rust as its programming language. Unlike other popular programming languages in the sector, the SDF believes Rust provides more safety and “efficient” computation. Soroban will also implement WebAssembly (WASM) in its design to meet their scalable, “robust and minimal bytecode specification”. XLM With Potential To Extend Gains At the time of writing, XLM’s price follows the general sentiment across the crypto market and seems poised to see further appreciation. The cryptocurrency trades at $0.11 with an 11% profit over the past week. In the short term, XLM records an increase in buying pressure since August 2nd which suggests investors were swayed by SDF’s claims over the future of their smart contract platform. This could remain a critical bullish factor for the long term if the organization is able to launch Soroban on mainnet. Data provided by Material Indicators (MI) records an uptick in ask (sell) orders as XLM’s price trends to the upside. As seen below, there are around $1 million in asks orders above XLM’s price current levels with an uptick in buying pressure from retail investors. Stellar’s bid liquidity seems to be getting thinner which could suggest a potential re-test of previous support levels. This could be invalidated if Bitcoin and other large cryptocurrencies keep pushing the crypto market to the upside. In that case, XLM’s price could break resistance and hit $0.18.

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Crypto Casinos Features and Games

As many areas around cryptocurrencies have grown, crypto gambling has become more popular. Now, you can choose from numerous sites offering casino games and sports betting with this digital money. Crypto casinos offer a similar game selection as FIAT casinos. Plus, you can take advantage of unique features, bonuses, and original games. There are several reasons to venture into crypto gambling sites. Stablecoins Gambling Have you invested in bitcoin a long time ago? Then, you’re probably familiar with the high price volatility of crypto markets. Gambling with cryptocurrencies? The price of assets goes up and down significantly. Plus, you won’t win every time in these games. That almost sounds like gambling squared. But there is a solution how to avoid price fluctuations. Hold crypto stablecoins instead of volatile coins. Nowadays, many crypto casinos accept USDT (Tether), USDC (USD Coin), or BUSD (Binance USD). All of these tokens are pegged to US dollar value via similar mechanisms. Usually, these are backed by established companies and USD reserves. Enjoy all the available casino games and sports betting with USD equivalents – 1:1. Your balance remains at the same value overnight, so you’re good for a calm sleep at night. Special Features and Games Are you looking to create a passive income with gambling? Acquire the casino’s native tokens and receive daily dividends. That doesn’t sound very common. But it’s possible in the crypto space with certain casinos. Online gambling can feel shady sometimes, especially when you’re on a long losing streak. How can you know that the operator doesn’t rig the outcomes in his favor? Play games with a “Provably Fair” badge to ensure everything is mathematically correct. Most in-house games (Dice, Plinko, Limbo, Crash game) provided by crypto casinos run on this protocol. Thus players can easily verify if the results are fair. Plus, the RTP (return-to-player) on these in-house games is the lowest you can get. It usually varies from 98% to 99%, much higher than slots RTPs. Besides these games, the majority of crypto casinos offer a live casino with Blackjack, Bacarrat, and Roulette tables. Bonuses It’s usual for FIAT casinos to offer large welcome bonuses. With crypto gambling sites, not so much. But that doesn’t mean crypto sites aren’t generous. Some of them also provide the first deposit bonuses, though, for the most part, the bonus program structure is different. You want to pick only a few sites as loyal players reap the most benefits. Rakeback – Get a portion of the wagered amount back. No matter if you win or lose. Cashback – Recieve a cut of your losses in daily or weekly installments. Wager Races – Finish at the top of the wagering leaderboards and squeeze generous rewards. Stake casino runs daily races with a $100K prize pool. Casinos distributed massive prices via these. Coupons – Claim daily or monthly coupons worth up to hundreds of dollars. Conclusion As you can see, crypto casinos have a lot to offer. You can build passive income by playing in casinos with dividends. Fund your players’ account with Bitcoin, Ethereum, or stablecoins and go for your first gigantic win. Be loyal to one or two sites and receive hefty rewards. And remember to sign up at trustworthy gambling sites with Provably fair games only.