multichain

#FDUSD Algorand (ALGO) is on a bullish rampage today after soaring as high as $0.1185 upon gaining a total of 6.83% over the past 24 hours. Algorand has managed to sustain its growth trend in the trailing seven-day period after printing a total gain of 10.2%.
The volatility of Algorand is high at this time, but the obvious actions of market bulls have largely helped the proof-of-stake (PoS) protocol maintain impressive growth metrics across the board. The trading volume is up by 124.4% with a total of $88,851,349 traded overnight. While Algorand has been a low flier compared to other PoS protocols with smart contract capabilities, its appeal is still very much appreciated across the board.
Algorand has had a mix of ups and down thus far this year, similarly to other high-growth protocols, which involve active developer activity. While this developer activity has been steady, it has also been marred by a bout of exploits that rocked the protocol earlier in the year.
With transparent handling of the exploit by the Algorand team, ALGO buyers appear to have gained a whole new motivation to go on an accumulation spree. Per the current outlook, the token is looking to retest its 30-day high of $0.123.
Riding DeFi wave
Algorand has its own community and ecosystem, both of which have been very proactive in championing the growth strides of $ALGO over the past years. However, with most PoS protocols now creating an Ethereum Virtual Machine (EVM) in order to gain unhindered accessibility between each other, a new trigger for growth has been ushered in, with Algorand notably tagging along.
Despite the many distractions that have been recorded, including the invitation from Cardano founder Charles Hoskinson asking Algorand to come become a sidechain of Cardano, the developers remain focused, driving innovation in a steady manner to drive growth.#MultiChain #BinanceTournament #Worldcoin

#FDUSD Over the past few months, the hype around artificial intelligence has been gaining momentum. Smart bots have already been credited with superpowers: from writing books, paintings and music to making trade deals on stock, trading and #cryptocurrency exchanges. Is this so, we asked Gleb Jout, head of the Bitget #crypto exchange in the CIS.
The creation of ChatGPT and its copies started a new era of artificial intelligence, which, of course, provides the execution of process functions. For example, smart bots collect and analyze a large amount of information, take short and long notes, and look for data that is open in sources. Does this mean that AI is completely replacing human intelligence?
Certainly not! For some reason, many traders believe that the same ChatGPT is nothing more than a magic “big money” button. Guys, slow down. Artificial intelligence will help you analyze the market, but will it be able to place orders correctly or create an effective anti-risk strategy? No, definitely not.
Is it worth it in this case to abandon modern technologies altogether? I wouldn't recommend it. The trader's task is precisely to combine his own experience and knowledge with the latest technological developments to get more profit. Therefore, AI tools can be applied if:
1. It is necessary to collect market analytics for a certain period. ChatGPT will do just fine with this task. It is enough to formulate a task for the AI assistant, and the program itself will collect data from open sources.
2. Automate trading. Trading AI bots allow you to perform all trading operations without human intervention according to predetermined parameters. The main advantage is that the robot is able to complete transactions in a fraction of a second, when the rate of a particular coin reaches the set price. A trader does not need to constantly be in front of a computer monitor.
3. Ready bots for copy trading. Such solutions allow a quick copy of the trades of successful traders and making a profit without a deep understanding of the market. The copy trading feature is available on many centralized exchanges, including Bitget.
4. AI strategies for grid trading. Grid trading is a fairly complex trading strategy, especially for beginners. It is suitable for a volatile market without a clear bullish or bearish trend and relies on identifying patterns in a large array of historical data. The user places pending orders to buy and sell in a certain price range. When the value of an asset fluctuates greatly, orders are filled and it makes a profit. The use of AI just allows you to identify these patterns based on historical market data. Let me remind that Bitget launched AI strategies for grid trading back in early July.
5. Martingale trading strategy with AI. Another use case for artificial intelligence is its integration into the Martingale strategy. Initially, it was used in gambling, so it is quite risky. Traders set risk appetite and investment frequency based on parameters recommended by AI from Bitget. Parameters are calculated based on historical market prices and asset fluctuations using Bitget's internal algorithms, providing traders with reliable investment advice.
In general, the use of AI can really make a trader's job easier, but don't forget about the risks that few people talk about. Let's look into them.
Analyze and analyze again. No AI tool will give you a clear answer whether to make a deal or not. Such services will only help to collect information, but the decision is always yours. Therefore, you should not blindly trust artificial intelligence and enter a trade with all the money you have, because ChatGPT said so.
Don't forget the risks. Modern trading bots have not yet learned how to effectively predict and minimize risks, so it is still worth learning risk management and properly organizing an anti-risk strategy.#MultiChain #BinanceTournament

#FDUSD 1 Il prezzo della moneta Algorand è aumentato del 2,50% nell'ultima settimana.
2 Il prezzo della moneta ALGO sta scambiando a $0.11425 e l'intervallo delle ultime 52 settimane è $0.09853 – $0.29788.
Algorand (ALGO) ha una valutazione completamente diluita (FDV) di $1,141,164,983. Questa è una capitalizzazione di mercato ipotetica, assumendo che tutti i 10 miliardi di token ALGO siano in circolazione oggi. Questo secondo il sito web di dati e informazioni crypto Coingecko. Tuttavia, l'FDV reale potrebbe richiedere anni per raggiungerlo, a seconda di come i token ALGO vengono distribuiti nel tempo.

#FDUSD Fellow Binancians,
Binance will open trading for the ASR/TRY, ATM/TRY, ACM/TRY, $BAR /TRY, $JUV /TRY and $PSG /TRY trading pairs at 2023-08-10 08:00 (UTC).
Start Trading on #Binance Spot Now!
Notes:
TRY is a fiat currency and does not represent any other digital currencies.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#MultiChain #Worldcoin #BinanceTournament

#FDUSD An address that participated in Ethereum's initial coin offering woke up and moved coins for the first time in eight years — transferring out 641 ether, worth nearly $1.2 million.
On-chain analytics #Twitter account Lookonchain noted that the address moved the ether in order to stake it.
More than 2,922 days ago, the address in question received exactly 2,000 ether from Ethereum's genesis at a price of roughly $0.31 per coin. That total amount is worth more than $3.72 million today.
This is not the first time this summer that Ethereum ICO participants have made moves after a long period of inactivity.
Earlier this month, an Ethereum ICO participant transferred 61,216 #ETH — worth over $116 million at the time — to Kraken. That followed a similar transfer of $15 million in May and a significantly smaller transfer in April.#MultiChain
#WLD

#FDUSD CNBC has reported that the US securities regulator is now expected to deliver its ruling on whether or not it will permit Ark run by Cathie Wood to launch its spot Bitcoin exchange-traded fund by August 13 – less than a week from now.
Several other funds that have filed for launching a similar product are BlackRock, VenEck, Bitwise, etc.
The application of Cathie Wood’s company was first published in the middle of May and the SEC told them to wait until August 13 straight away. Still, the regulator has the power to prolong the deadline for 240 days maximum, in this particular case the maximum possible date is January 10, 2024, and until March for other funds that applied for launching their spot Bitcoin ETFs after BlackRock.
BlackRock initially filed its request on 19 July and the SEC can push the making of the decision as far as March 16 next year. The same goes for Fidelity.
The expectations of the financial community as to whether any spot Bitcoin ETF would be approved any time soon have divided. Many in the #crypto and financial communities reckon that now is the right time for this, others remain skeptical and believe that the SEC boss Gensler is opposed to Bitcoin spot ETFs.
However, the regulator has already approved many #bitcoin futures ETFs by now.#MultiChain #Worldcoin

#FDUSD Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global #crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point.
Bitcoin Cash (BCH)
#bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of $242.29 earlier in today’s session, following an earlier low of $219.27.
The move came after BCH briefly broke out of a support point at $220.00, with traders swooping in to buy the dip.
BCH/USD – Daily Chart
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling at 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that $BCH could move towards $260.00.
Stellar (XLM)
Additionally, stellar (XLM) was another token in the green on Monday, as it continued to move away from a floor of $0.1345.
Following a low at $0.1380 on Sunday, XLM/USD rallied to an intraday high of $0.1431 earlier in the day.
XLM/USD – Daily Chart
This is the third straight session that stellar has traded higher, and comes despite a recent downward crossover of moving averages (MA).
As can be seen from the chart, the 10-day (red) MA moved below its 25-day (blue) counterpart, which is typically a bearish signal.
Even though momentum has shown signs of weakness, $XLM bulls will likely continue to target exits at a ceiling of $0.1600.
Register your email here to get weekly price analysis updates sent to your inbox:
Are there any fundamentals behind stellar’s rally? Let us know your thoughts in the comments.#Worldcoin #MultiChain

#FDUSD Bittrex, a Washington-based crypto-asset trading platform, has agreed to pay $24 million to settle allegations that it operates as an unregistered exchange, broker, and clearinghouse for securities offered and sold as crypto-assets by the U.S. Securities and Exchange Commission (SEC). .
According to the SEC's criminal complaint, Bittrex and its co-founder and former CEO, William Shihara, were accused of violating federal securities laws by facilitating the trading of crypto assets, which are securities without registering with the SEC or complying with its rules and regulations.
The SEC alleged that Bittrex and Shihara also instructed #crypto -asset issuers to delete certain statements from public channels that could attract regulatory scrutiny, such as price forecasts, profit expectations, and investment-related terms.
The SEC claimed that Bittrex earned at least $1.3 billion in transaction fees from investors, including US investors, and served them as a broker, exchange and clearing house without registering any of these activities with the Commission.
The SEC also accused Bittrex's foreign subsidiary, Bittrex Global GmbH, of failing to register as a national stock exchange in connection with a single joint order book operation with Bittrex.
*Not investment advice.#BinanceTournament #MultiChain #crypto2023

#FDUSD According to IntoTheBlock data, Shiba Inu's large holders' inflow has jumped a staggering 2,210%. This increase represents growth in the last seven days.
The Large Holders Inflow metric from IntoTheBlock tracks funds flowing into addresses belonging to whales or large holders on a weekly, monthly or yearly basis.
A spike in significant holder inflows could indicate one of two things: first, large-holder inflows can signal market bottoms because major addresses or whales prefer to buy in bulk after significant price declines.
Second, a substantial increase in large-holder inflows may indicate that strong buying activity is taking place. This is possible because many of these addresses buy on centralized exchanges and subsequently transfer their purchases to cold storage.
Both scenarios seem plausible, as SHIB is currently experiencing a price drop due to profit-taking. After a massive spike on Aug. 5 to highs of $0.0000105, #Shibainu witnessed a price drop as investors took gains.
At the time of writing, SHIB was down 4% in the last 24 hours to $0.000009. #crypto data tracker Whale Alert spotted massive movement in SHIB tokens in the last 24 hours.
A whopping 8.7 million SHIB tokens have been shifted between whales' wallets, per Whale Alert data.
A single transaction saw 4,382,252,578,938 SHIB tokens worth $40,064,744 between wallets. Another 4,412,252,578,938 $SHIB tokens worth $40,672,144 moved between wallets.
The Large Holders Netflow indicator shows how whales and investors' positions have changed. Netflow spikes may indicate accumulation from major holders or whales, while declines may indicate reduced positions or selling.
Netflows fell by -3,354% in the last seven days as whales cut their positions, whereas this increased by 3,172% in the last 30 days.#MultiChain #BinanceTournament

#FDUSD The Bank for International Settlements (BIS) announced Ripple (#XRP ) as an official member of its ‘cross-border payments interoperability and extension taskforce’, on August 9.
This taskforce is part of the ‘BIS Committee on Payments and Market Infrastructures’, composed of 33 entities plus the Chair, Ulrich Bindseil, Director General Market Infrastructure & Payments at the European Central Bank.
“Engagement and partnership between the public and private sector is a key element of the G20 cross-border payments programme. Improvements to payment systems and arrangements underlying cross-border payments require global coordination, cooperation and the commitment of a wide range of public authorities and private sector stakeholders.” “The CPMI is working to bring together the relevant stakeholders via joint working groups, workshops, consultations and surveys to ensure both strategic perspective and the required subject matter expertise is available to the programme.”– Bank for International Settlements (BIS) events
Composition of the BIS ‘cross-border payments interoperability and extension taskforce’
The composition of the mentioned Bank for Internacional Settlements taskforce is, as reported, the following:
Entities member of the BIS cross-border payments taskforce
​​Financial infrastructures:
BunaCross-border Interbank Payment System (CIPS)CLSEBA ClearingFnality InternationalIberpayMastercardPayNet MalaysiaPayments CanadaRippleRTGS GlobalSwiftThe Clearing House (TCH)WorldlinePan-Africa Payment and Settlement System (PAPSS)
Payment service providers (banks and non-banks):
Bank of ChinaCommonwealth Bank of AustraliaDeutsche BankMercado PagoMukuruRiaSociété GénéraleWells FargoWiseNubank
Associations:
Africa NendaEmerging Payments AsiaEuropean Payments Institutions FederationInstitute of International Finance (IIF)Japan Bankers AssociationUK FinanceGSM Association (GSMA)SADC Banking Association
Representatives of the BIS cross-border payments taskforce
​​Financial infrastructures:
Faisal Alhijawi (Chief Strategy & Development Officer)Shuijiong Wu (Deputy GM IT)Dirk Bullmann (Global Head, Public Policy)Erwin Kulk (Head, Service Development and Management)Stephan Mahnke (Director of Business Development)José-Luis Langa (Deputy Managing Director)Alan Marquard (Executive VP for Transfer Solutions)Azleena Idris (Sr Director, Corporate Strategy & ESG)Zarin Ahmed (RTR Product Director)Rene Huijsen (Director of Payment Operations)Dirk Cavens (Head of Product Office)Saskia Devolder (MD Cross-border Payments Strategy)Rusiru Gunasena (SVP Product & Strategy)Thomas Feiler (Sr Strategy Manager, Account Payments)Mike Ogbalu III (CEO)
Payment service providers (banks and non-banks):
Jun Xu (Director Senior Manager)Susan Yang (General Manager)Paula Roels (Head SWIFT & Market Infrastr Corporate Bank)Paula Arregui (Payments Senior Vice President)Nikki Kettles (Executive Licenses and Payment Regulations)Ignacio Reid (COO)Frantz Teissèdre (Head Interbank Relationships)Michael Knorr (CIB Industry & Advisory Leader)Arun Tharmarajah (Head of European Banking and Payments)Rafael Wowk (Public Policy Sr. Manager)
Associations:
Michael Mbhutia (Regional Director East Africa)Brad Pragnell (EPAA Advisory Board)Elie Beyrouthy (Vice President European Government)Jessica Renier (Managing Director, Digital Finance)Misao Watanabe (General Manager, Mizuho)James Barclay (Chair, UK Finance, ED at J.P. Morgan UK)Mary Gichuki (Mobile Money Programme Advocacy Manager)Maxine Hlaba (Executive Secretariat)#crypto2023 #MultiChain #BinanceTournament

#FDUSD Né i tori né gli orsi hanno preso l'iniziativa sul #cryptocurrency mercato ancora.
Le migliori monete secondo CoinMarketCap
BNB/USD
Il prezzo di Binance Coin ($BNB ) è diminuito dello 0,60% rispetto a ieri.
Immagine di TradingView
Il tasso di #Binance Coin (BNB) sembra anche ribassista nel timeframe orario. Se il prezzo rimane sotto il livello di $239,7, c'è una grande possibilità di vedere un test del livello di $235 a breve. Uno scenario del genere è rilevante fino alla fine di domani.
Immagine di TradingView
La situazione è anche ribassista sul grafico più ampio, poiché il tasso non è riuscito a fissarsi sopra la zona di $240. Se i compratori non riescono a prendere l'iniziativa a breve, il calo potrebbe continuare verso la prossima area di supporto di $230-$235.