MasihGoogle Cloud adds 11 blockchains to data warehouse ‘BigQuery’
In 2018, Google launched a Bitcoin data set as part of the service, and later that year, it added Ethereum as well. It continued to expand its blockchain coverage in February 2019, adding Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin and Zcash. The Sept. 21 announcement means that BigQuery now carries data from a total of 19 blockchain networks. In addition to adding these new blockchains, Google has also implemented a new feature intended to make blockchain queries easier to execu...
MasihDeFi activity on the decline, but investment rolls in: Finance Redefined
The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider led to its website’s front end being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the domain registrar used for .fi TLDs,” the firm explained in a Sept. 20 X (formerly Twitter) post. Approximately eight hours after the first warning of the attac...
MasihHow is DeFi margin trading getting safer with this cross-chain protocol?
Earlier this month, a project called Miss Universe Coin was announced at PBW. Donald Lim, the founder of the organization managing the PBW, said during the event that the PBW will “launch the Miss Universe Coin.” However, weeks after the announcement, the official organization behind Miss Universe denied any association with the coin project and called it a fraud. “There is currently no Miss Universe cryptocurrency or blockchain offering, and these products are in no way involved with the vot...
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MasihGoogle Cloud adds 11 blockchains to data warehouse ‘BigQuery’
In 2018, Google launched a Bitcoin data set as part of the service, and later that year, it added Ethereum as well. It continued to expand its blockchain coverage in February 2019, adding Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin and Zcash. The Sept. 21 announcement means that BigQuery now carries data from a total of 19 blockchain networks. In addition to adding these new blockchains, Google has also implemented a new feature intended to make blockchain queries easier to execu...
MasihDeFi activity on the decline, but investment rolls in: Finance Redefined
The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider led to its website’s front end being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the domain registrar used for .fi TLDs,” the firm explained in a Sept. 20 X (formerly Twitter) post. Approximately eight hours after the first warning of the attac...
MasihHow is DeFi margin trading getting safer with this cross-chain protocol?
Earlier this month, a project called Miss Universe Coin was announced at PBW. Donald Lim, the founder of the organization managing the PBW, said during the event that the PBW will “launch the Miss Universe Coin.” However, weeks after the announcement, the official organization behind Miss Universe denied any association with the coin project and called it a fraud. “There is currently no Miss Universe cryptocurrency or blockchain offering, and these products are in no way involved with the vot...
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Litecoin's price is down today, partly due to the "sell the news" sentiment following its Aug. 2 halving.
Litecoin's
price is down today, mirroring downside moves elsewhere in the cryptocurrency market.
LTC price fell over 1.5% on Aug. 16 to around $78.25, underperforming the rest of the crypto market, which dropped 0.65% in the same period. The downside move came as a part of a broader pullback trend that started in early July.
The crypto market decline coincided with the U.S. dollar index's (DXY) recovery, as Cointelegraph discussed here.
However, Litecoin's correction started a week earlier than the crypto market's, driven by its overbought relative strength index (RSI) and a drying buying sentiment in the days leading up to its "halving" on Aug. 2.
LTC price has dropped over 30% since the day its RSI crossed the overbought threshold reading of 70. Meanwhile, when measured from the halving day, the price is down 16.45% — hinting at a "sell the news" scenario extending into Aug. 16's bearish session.
Data tracking addresses that have held Litecoin for more than 155 days — aka "hodlers" — show a persistent accumulation sentiment.
Notably, the monthly Hodler Net Position Change metric flipped from negative to positive on July 23 and has remained the same ever since. In other words, Litecoin's most loyal investors have accumulated LTC tokens ahead and after halving, displaying their bullishness toward its market.
https://cointelegraph.com/news/why-is-litecoin-price-down-today
Litecoin's price is down today, partly due to the "sell the news" sentiment following its Aug. 2 halving.
Litecoin's
price is down today, mirroring downside moves elsewhere in the cryptocurrency market.
LTC price fell over 1.5% on Aug. 16 to around $78.25, underperforming the rest of the crypto market, which dropped 0.65% in the same period. The downside move came as a part of a broader pullback trend that started in early July.
The crypto market decline coincided with the U.S. dollar index's (DXY) recovery, as Cointelegraph discussed here.
However, Litecoin's correction started a week earlier than the crypto market's, driven by its overbought relative strength index (RSI) and a drying buying sentiment in the days leading up to its "halving" on Aug. 2.
LTC price has dropped over 30% since the day its RSI crossed the overbought threshold reading of 70. Meanwhile, when measured from the halving day, the price is down 16.45% — hinting at a "sell the news" scenario extending into Aug. 16's bearish session.
Data tracking addresses that have held Litecoin for more than 155 days — aka "hodlers" — show a persistent accumulation sentiment.
Notably, the monthly Hodler Net Position Change metric flipped from negative to positive on July 23 and has remained the same ever since. In other words, Litecoin's most loyal investors have accumulated LTC tokens ahead and after halving, displaying their bullishness toward its market.
https://cointelegraph.com/news/why-is-litecoin-price-down-today
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