freeamfva's Blog

Ethereum Arrives to London, Price Jumps, Exchanges Pause Deposits/Withdrawals

The highly-anticipated Ethereum (ETH) London upgrade is here, bringing with it the revamp of the networks monetary system through the Ethereum Improvement Proposal, or EIP, 1559.To get more news about Liquid, you can visit wikibit.com official website.
  The price of the second cryptoasset by market capitalization has been rising in the past week ahead of this upgrade, going up 1% in that time, and 4% over the past 24 hours alone. At 12:27 UTC, it was trading at USD 2,629. This is its highest price since early June.
  It had hit its record high of nearly USD 4,357 (per Coingecko) in May, falling 40% since.
  Some major exchanges have decided to suspend ETH and ERC-20 tokens deposits and withdrawals during the time of upgrade. Binance said this is done to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the fork. Crypto exchange OKEx has made a similar statement as well. BitMEX announced that three BitMEX contracts and two BitMEX indices will be impacted by the upgrade and that these markets will be open during the fork.
Imagine Apple shares being burned
  The London upgrade follows Aprils Berlin upgrade, and it includes five EIPs.
  The most talked-about in the recent months is EIP-1559, and its accompanied by EIP-3198 and EIP-3529. Two other included proposals are EIP-3541 and EIP-3554, the first of which is meant to set the stage for broader Ethereum Virtual Machine (EVM) improvements, and the second to delay the difficulty bomb, aka the ice age, to December 1.
  As for EIP-1559 itself, as reported in more detail, it brings an automatic token burn mechanism for each transaction, and is expected to help improve the fee market.
  It should enable better transaction fee estimation and allow for more reliable transaction inclusion, as well as at least modestly decrease the rate of ETH inflation through the burning of transaction fees, among other points.
  It will not, however, lower the gas prices in the long run, nor make ETH deflationary by default.
  Ross Middleton, CFO of the DeversiFi exchange, called the upgrade a huge day for the Ethereum cryptocurrency ecosystem, saying that now every transaction, non-fungible token (NFT) purchase or loan on the Ethereum network will result in ETH being burned out of existence.
  The equivalent would be Apple Inc burning AAPL shares every time someone bought something from the Apple App store or made an in-app purchase, said Middleton.
Patience and warnings
  Many of the changes brought by this EIP and the upgrade in general will not be visible overnight. Additionally, a number of industry insiders, such as MyCrypto CEO Talyor Monahan, have been warning users to lower their expectations, and be aware that there may be issues coming with the fork as well. For example, wed seen problems occurring during the previous, Berlin upgrade.
Others have noted that a variety of issues and bugs can pop up, but also that this particular EIP has been tested extensively.
  The EIP-1559 contributors described the EIP as an incredibly complex change, the largest done on Ethereum mainnet to date, which will improve both the user experience and economics of the entire network. They added that the engineers, researchers, and other contributors will not directly capture any of the ultimate benefit to the network.


Bitcoin, Ethereum, and XRP Consolidate Gains

Bitcoin price settled above the USD 39,500 level. BTC is currently (04:42 UTC) eyeing more gains above USD 40,000 and USD 40,500 that could set the pace for a larger increase towards USD 42,000.To get more news about GEMINI, you can visit wikibit.com official website.
  Besides, most major altcoins are rising steadily. ETH must settle above USD 2,325 and USD 2,350 for upside continuation. XRP holds its gains after it surged over 10% and broke the USD 0.70 barrier yesterday.
  Total market capitalization
Bitcoin price
  After a minor drop, bitcoin price started a fresh increase above the USD 39,000 level. BTC even broke the USD 39,500 resistance. However, the price is struggling to settle above USD 40,000. A close above USD 40,000 could set the pace for a larger increase in the near term. The next major resistance is seen near the USD 42,000 level.
  On the downside, the USD 39,400 level is a short-term support. The next key support is near USD 38,800, below which the price might test USD 38,000.
Ethereum price
  Ethereum price is stable above the USD 2,200 support level. However, ETH is facing a major hurdle near USD 2,325 and USD 2,350. To continue higher, the price must settle above USD 2,350. In this case, the price might accelerate higher towards the USD 2,450 level.
  If there is no upside break, the price might correct lower below USD 2,250. The first key support is near USD 2,200. A close below USD 2,200 could set the pace for a larger decline.
ADA, LTC, DOGE, and XRP price
  Cardano (ADA) is consolidating above the USD 1.250 pivot level. On the upside, ADA is facing resistance near USD 1.30. The next key resistance is near USD 1.32, above which the bulls might test USD 1.40. Conversely, the bulls might remain active near USD 1.22 and USD 1.20.
  Litecoin (LTC) is struggling to settle above the USD 142 resistance level. If LTC breaks this level, it might test USD 150. Any more gains could set the pace for a steady move towards the USD 165 level. On the downside, the price might find bids near USD 130.
  Dogecoin (DOGE) is consolidating above the USD 0.200 level. If DOGE gains pace above USD 0.212, it could start a stronger recovery. If not, there is a risk of a break below the USD 0.200 and USD 0.188 support levels. The next major support is near the USD 0.165 level.
  XRP price started a strong rally above the USD 0.650 level yesterday. XRP is still up over 10% and it even broke the USD 0.700 resistance. The current price action suggests chances of more upsides above USD 0.712 and USD 0.720.
Other altcoins market today
  A few altcoins gained over 5%, including RUNE, LUNA, QNT, HNT, AMP, LEO, FTM, and ICX. Out of these, RUNE rallied over 31% and it even surpassed the USD 5 level.
  Overall, bitcoin price is trading in a positive zone above the USD 39,500 level. If BTC gains pace above USD 40,000, the bulls might test USD 42,000 in the near term.


5 Reasons Why Tether Criminal Case Won’t Affect Other Cryptos

The past few months have seen a bevy of media stories circling around Stablecoin Tether (USDT), and some of its former executives, link a ring of sharks in the open ocean closing in for the kill. Such revelations include:
  Articles stating that less than three percent of USDT's assets are pegged to U.S. dollars, with the majority actually staked against riskier commercial bonds.To get more news about UPbit, you can visit wikibit.com official website.
  Reports of U.S. Treasury Secretary Janet Yellen's remarks that Stablecoins such as USDT pose a “systemic risk” to the current monetary system.
  Stories trumpeting the settlement of New York State's Attorney General against Tether for nearly $19 million to end a probe that alleged a Stablecoin coverup of more than $800 million in losses.
  Media coverage asserting that a “run” on exchanges to convert Stablecoins such as USDT to U.S. dollars will bankrupt issuers causing a repeat of the 2008 FINANCIAL crisis.
  As well as the latest chatter around the Department of Justices allegations of criminal conduct against certain former executives at Tether.
  Together these stories seem to create a cascade of chaos and corruption for the third-largest CRYPTOcurrency by market capitalization. Financial commentators and industry analysts across the Internet are wringing their collective hands that this USDT criminal case could bring down the crypto sector, ushering in a wave of regulatory oversight.
  However, we need to keep some things straight.
  First of all, a criminal investigation into a handful of executives does not mean an entire industry is corrupt. If that was the case the criminal investigation into executives responsible for predatory loans and credit default swaps leading up to the 2008 financial collapse would have meant the existing financial and banking system was corrupt.
  Secondly, regulation is coming but if history is prologue, it will take lawmakers a long time to first learn the issues well enough to understand the necessary solutions. The only thing that takes longer than the legislative process is the judicial process. Speaking of which…
  I‘m not an apologist for Tether and I don’t own a single USDT, but the pursuit of a few past executives for alleged criminal wrongdoing seems overblown. If USDT was the only Stablecoin available, it might be concerning but USDT is fungible thanks to USD Coin, BINANCE USD, Dai…etc. There are other options.
  Furthermore, even if criminal or civil financial penalties are levied against Tether, it‘s likely to reach a negotiated settlement well before it reaches a conviction. There’s simply too much at stake for that organization to stonewall the Department of Justice. The allegations against the former executives will never go to trial, thats why plea bargains exist.
  And lastly, secretary Yellen and Federal Reserve bankers are basing Stablecoins for one reason – they are threatened. To say Stablecoins are a “systemic risk” to the existing money system is laughable. The greater risks are runaway money printing, reckless deficit spending, and quantitative easing.
  To be crystal clear, there is no place in the crypto-space for bad actors, criminal activities, and fraud. But its very unlikely that the Tether investigation and potential criminal prosecution will result in far-reaching ramifications for cryptocurrencies.
  Some may say Tether has a pattern of corruption that cant be ignored. I would say the same holds true for half the politicians, regulators, and banking elite


What The Original Wolf of Wall Street Thinks Of Bitcoin, Tether, Defi and the Crypto Space

Although he made his fortune trading penny stocks and manipulating the markets, Jordan Belfort, the trader who inspired the iconic movie “The Wolf of Wall Street,” is currently not very happy with a LOT of whats going on with the CRYPTO industry.To get more news about Huobi Indonesia, you can visit wikibit.com official website.
  In a recent interview he explained in detail what excites him and what bothers him about the crypto space.
  The Good: Bitcoin and DeFi
  Belfort confesses to being an optimistic Bitcoiner. He explained that since discovering Bitcoin, he has found it to be an exciting idea.
  He hopes that soon there will be more and better regulations for Bitcoin and the crypto industry. From his POINT of view, the more regulations there are, the better the consequences for Cryptocurrency users and traders in the future.
  “The sooner that massive regulation comes into the market, the better it is for Bitcoin, stablecoin and everything else. I think people are scared of regulations, they shouldn‘t be. If you look back in history … let’s say the junk bond market, everybody said, ‘Oh no, the regulators are coming in! [But ultimately] the market got much bigger, so I think it’s a good thing,”
  Belford commented that Bitcoin has a “bright future” and that the industry has evolved favorably over time, now being much more mature. He believes BTC could become a serious substitue for gold, and he expects the crypto to end the year somewhere between $45,000 and $70,000.
  Belfort is also very enthusiastic about DeFi, an industry he believes to be very innovative. He even advises a DeFi company today.
  The Bad: Shitcoin ≠ Crypto
  Belfort was concerned about the growing number of worthless cryptocurrencies being created to attract many unwary people who end up losing their money.
  From his point of view, these scams are a harm to the crypto industry in general
  There are so many scams, it is really sad … You have all these shitcoins out there. Literally, every single day, there are new ones being printed. They are simply designed to separate people from their money.
  However, he assured that all crime leaves a trail and eventually the organizers of these scams will pay, even though they are currently walking free due to the legal loopholes.
  He called for cleaning up the crypto markets, although he declined to specify which cryptocurrencies he considered to be scams.
  The Ugly: Tether
  For Belfort, the top stablecoin in the ecosystem at the moment is a stain on the crypto industrys credibility. When asked if he considered Tether a scam, the seasoned trader stressed that he had several years warning about his suspicions regarding USDT.
  I have been saying that since 2017 that I thought there was a big problem with Tether … It seemed like a pretty convenient thing that Tether supply expanded when it needed to expand. And then when they settled something civilly, I was like Wow, How did they get away with that?
  He declined to call Tether a scam or a shitcoin. Still, He said that while Tether may currently operate cleanly, past mistakes could cost it dearly, even to the point of not being able to recover.
  However, although this scenario could bring negative consequences for the crypto ecosystem, from his point of view, it would simply be a matter of time until the markets balance migrating to another stablecoin of proven legitimacy.


Six Useful Techniques for Trading in Forex Market!

  1. Stop profits or losses as happiness lies in contentment. Greed is the last thing that can help traders with their wealth in forex trading. Although the profitability at 1% or 2% every time is seemingly unremarkable, many a little makes a mickle over a year.To get more news about Forex Trading Tip, you can visit wikifx.com official website.
      2. Avoid volatile markets if you can. Generally speaking, the forex market is relatively unstable from Wednesday to Friday in the first week per month because it receives the significant economic statistics released by the U.S. and Europe. Hence, please think twice before entering the market at the moment.
      3. Have a rest. Tactics dont mean everything to transactions. Please enjoy yourself amid the weekend to prevent you from stupid mistakes in forex trading when you are not in good condition.
      4. Accept the reality. All traders speculating in the forex market crave fortunes, whereas only 1% of them can enjoy profits all the time. It is difficult for you to cope with ups and downs in your trading unless you accept this fact.
      5. Don't add positions. When the exchange rate has been rising for a while, the bid price of your holds can be the “peak”. If you face up to the plummet and continue to add positions, your endeavor will end up with hefty losses when the rate doesn't reverse.
      6. Don't be inflexible or dogmatic. Mistakes sometimes are made in the fight for a few points in forex trading. Some traders are insistent on their targets that are set up after they build positions even though the price is close to their goals despite a few points away. Finally, they miss opportunities while waiting.
      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

Forex Inside View: What Are The Working Mechanisms of Liquidity Providers?

Money has absolute liquidity, and newer traders frequently rely on this statement, having no understanding of the difference between Forex and broker liquidity.To get more news about Forex Trading Tip, you can visit wikifx.com official website.
  What does Forex liquidity mean?
  While talking about Forex trading, users exchange one currency for another, and the execution time does matter. The market itself comprises millions of bid and ask deals; meanwhile, a brokerage company may not cooperate with liquidity providers – i.e. get no access to the market major players. What does liquidity provider mean?
  Imagine the situation that a broker has 1000 registered traders and has applied to no liquidity providers. That means an order book may contain bid and ask offers of registered traders only. One user needs to buy 100 units of GBP/JPY at 154.01232, while the order book contains only 15 units at this price. As such, traders need to purchase assets higher than the market price, facing losses.
  How does liquidity provider work in the same situation? A brokers order book is expanded by outer bid and ask deals, while a brokerage company serves as a mediator between two sides.
  Cooperation models with liquidity providers
  Brokers may deal with liquidity providers (LP) according to diverse cooperation models; meanwhile, all the models belong to the No Dealing Desk (NDD) category. The Dealing Desk (DD) principle makes brokers market-makers themselves, applying to no LPs.
  The NDD type includes the following models:
  ECN (Electronic Communication Network). A trader gets bid and ask offers delivered to the market automatically and executed by the market price. Meanwhile, price slippage may happen.
  DMA (Direct Market Access). A trader forms an order, getting the possibility to serve as both price giver and price taker. Brokerage companies display transactions to liquidity providers directly.
  STP (Straight-Through Processing). Bid and ask rates are provided by LPs. When a trader creates an order, brokerage companies transfer it automatically to liquidity providers.
  This said beginner traders understand how liquidity works, and which brokerage companies to rely on. On the other hand, what about brokers? How can a brokerage company find a reliable and powerful enough liquidity provider?


Three Forex Brokers Saw Changes in Their Licenses Recently!

Forex brokers whose licenses have changed recently are listed as following for your reference. Please protect yourself from investment risks.To get more news about Forex Trading Tip, you can visit wikifx.com official website.
  1. HX8888: It claims to hold the DS license authorized by the Chinese Gold and Silver Exchange (CGSE) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. At present, the forex broker is under no valid regulation after the revocation of its license.
  2. FXGM: It claims to hold the license of European Authorised Representative authorized by the Financial Conduct Authority (FCA), the license of Retail Foreign Exchange Dealer (RFED) authorized by the Federal Financial Supervisory Authority (BaFin), and the RFED permit authorized by the Bank of France (BDF). However, the status of all these have changed from ‘Regulated’ to ‘Revoked’. Its RFED license authorized by the National Securities Market Commission in Spain (CNMV) is still regulated, but please be alert to this forex broker.
  3. BB&T: It claims to hold the financial permit authorized by the National Futures Association (NFA) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. The broker isnt under regulation currently in the wake of revocation of its license.
  WikiFX, a forex broker info search tool, is popular among global senior investors! (bit.ly/wikifxIN)


​Serious Forex Fraud Case: Tens of Millions of Dollars Are Involved!

ROM-E INVESTMENT has been accused of financial fraud recently with enormous funds involved, which has taken a heavy toll on society. The court sentenced the defendant Liu to 15 years' imprisonment and the defendant Fan to 14 years' imprisonment for fraud in the first instance.To get more news about Forex Trading Tip, you can visit wikifx.com official website.
  According to the prosecutor, Liu and Fan bought the fake software system for their trading platform where they conducted illegal transactions regarding forex, gold, crude oil, and stuff to swindle investors out of their assets, thereby causing the cumulative financial loss worth around 50 million US dollars.
  Investment managers and agents from ROM-E INVESTMENT were well aware that the platform illegally profited from clients losses, commissions, and rollover rates, whereas they still proactively contacted agents for promotion. Hence, they are identified as accomplices.
  The teaching team connected with ROM-E INVESTMENT played a paramount role in this fraud as the income of tutors is directly tied with the clients losses. They enticed investors to make deposits on this fake forex platform through live classes online, causing victims to lose money fast.
  Please enhance your vigilance. As a reminder, WikiFX is ready to help you search the qualifications and reputation of platforms to protect you from hidden dangers in the risky industry! (bit.ly/wikifxIN)


Oakley launches long-awaited Kato sunglasses

Six months after they first broke cover at the Vuelta a España, Oakley has officially announced the launch of its Kato sunglasses. Get more news about fake oakley,you can vist sugenon.com!

Claimed to be the result of decades of product research and development, the Kato is designed with a uniquely shaped lens, which follows the contours of the face much more closely than traditional sunglasses, including a bridge which is moulded around the profile of a rider's nose.

Available in Oakley's popular Prizm lens technology, the lens itself is one-piece in construction, and its brow is moulded outwards to offer rigidity without blocking the field of view. According to Oakley, this offers optimised coverage, wider field of view, better frame retention and improved impact protection. Three different nose pads are included, each offers different levels of offset from the face to adjust fit. They are made from Oakley's own Unobtainium material which is said to provide a no-slip grip. The same material is used for the ear socks.

The sunglasses also include an adjustable rake mechanism, which tilts the lens vertically through +/- 30-degree angles in order to maximise the closeness of the lens against the face. The long-awaited sunglasses were first spotted being worn by both Sam Bennett and Chris Froome in October, during the later-than-scheduled 2020 Vuelta, but official details at the time were sparse. Their next appearance in the WorldTour peloton came during the recent Tour of Turkey, when long-time Oakley-sponsored athlete, Mark Cavendish, wore them during his return to winning ways in his first victory in over two years.

With such a unique and distinctive aesthetic, the Oakley Kato sunglasses will certainly attract opinions, though it remains to be seen whether they will be widely adopted by pro riders, and how they will fare against the best cycling sunglasses.


LeBron James Wears an Unreleased Off-White x Nike Air Force 1

The biggest stars in basketball came together yesterday to participate in the 2021 NBA All-Star event, and the players broke out some of their best kicks — including LeBron James, who wore an unreleased Off-White x Nike Air Force 1 Low.Get more news about James Harden Basketball Shoes,you can vist nbaboss.us!

Prior to tip-off, Virgil Abloh of Off-White fame shared images of his collaborative Nike Air Force 1 Low that he customized for King James. The low-top shoe sports a monochromatic yellow color scheme that’s contrasted by a metallic silver Swoosh on the sides with an orange tab underneath. Abloh added the final touches to James’ personal pair by writing “Black Lives Matter,” “Virgil Was Here” and “LeBron” on the midsoles.
Although an early look at Abloh’s unreleased Off-White x Nike Air Force 1 Low was shared on social media, a release date for the collaborative shoe has yet to be confirmed by the designer or the brand.

For the All-Star Game itself, James switched to his latest LeBron 18 style that released at stores yesterday as part of Nike Basketball’s “Play for the Future” collection. The look is executed in a blue-based color scheme inspired by the “unpolluted air athletes need to breathe when they play now and in the future,” according to the brand.

The 36-year-old star only hit the basketball courts for 12 minutes last night, which resulted in scoring 4 points, grabbing 4 rebounds and dishing out 4 assists, along with blocking a shot.



Tag Navigator