Sunday, November 8, 2020

Bitcoin just crashed in a major way

This morning, the USD / BTC Bitcoin pairing crashed significantly, showing that even digital currencies are unaffected by the COVID-19 panic *. COVID-19 is the official name of the new coronavirus. The disease has spread worldwide from Wuhan Province, China, over the past few weeks and months. Bitcoin just crashed in a major way from about $ 8,000 to less than $ 6,000 in the last 24 hours.

Bitcoin's daily RSI today is the second-lowest ever on the latest Coinbase charts. As the price of Bitcoin goes down (to the US dollar), so does the price of other major cryptocurrencies like Ethereum (ETH) and Litecoin. At the time this article was set to be published, the maximum cryptocurrency rate of change (Coinbase, via 24-hour chart) is:

– Bitcoin BTC: -22.27%

– Ethereum ETH: -27.56%

– XRP: -17.82%

– Bitcoin Cash BCH: -27.01%

– Litecoin LTC: -26.6%

– Tether USDT: + 0.2%

According to Coinbase, the entire cryptocurrency pair market has fallen 22.37% in the last 24 hours. This may have something to do with COVID-19, but another big factor.

* According to chain news, a large amount of Bitcoin was transferred at once this week. "Whale" miners sent over 1000 BTC (equivalent to over US $ 8 million) to the exchange on March 11, 2020. The BTC address of this whale shows all mining times from August to October 2010.

"Most of the 1,000 Bitcoins haven't been touched since they were mined in 2020," writes http://Chain.info. "Within a few hours of putting together 1,000 BTC transactions, Bitcoin dropped from $ 8,000 to about $ 7,500." This is causal, not necessarily a correlation, but the event is certainly very good. It seems that they are lined up.

If you live in the United States, you may have noticed an important note about cryptocurrencies while filing your tax returns by the April deadline. This is due to the increased efforts on the part of the IRS in recent months, as cryptocurrencies have become an important element of value viewing, transfer, and storage.

CoinEx Weekly Update, 2-8 November 2020

https://preview.redd.it/uosqsiwk35y51.png?width=700&format=png&auto=webp&s=0e8aacc3e91c54fbc5322aca76389f5e1c387f3c

Dear CoinEx users, to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem over the 2-8 November 2020.

NewComers Reward

Newly Registered Users on CoinEx to Share 10,000 USDT

In cooperation with Aryacoin (AYA), CoinEx will give away a total of 10,000 USDT on a first-come-first-serve basis to new users who successfully completes the tasks. Details.

https://preview.redd.it/sw4t0e0o35y51.png?width=801&format=png&auto=webp&s=445dd02cbd07cc4cb413d3969420ebc43c5725ad

Task List:
1. Register on CoinEx and complete ID Verification. Click HERE to verify.
2. Bind Telegram account and join CoinEx official Telegram group.
3. Cumulative trading volume of AYA (buying + selling) exceeds 10,000 AYA. Click HERE to trade.

CoinEx in Middle East & North Africa

For the convenience of our Arabic users, CoinEx has launched several channels in Arabic language and holds a Lucky Draw event in Twitter.

https://preview.redd.it/u2055h1w35y51.png?width=1600&format=png&auto=webp&s=f5522efecd907d55800b461f925821a5f0595068

Join CoinEx MENA:

Facebook: https://www.facebook.com/CoinExMENA
Twitter: https://twitter.com/CoinexArabic
Telegram: https://t.me/CoinExGlobalArabic

Preparation For Bitcoin Cash Hard Fork

CoinEx’s Solution Scheme

Due to the Bitcoin Cash semi-annual hard fork upgrade scheduled on November 15, CoinEx has made a proper and detailed arrangement for its users. Details.

CoinEx launched futures markets of BCH forked coins on September 23, please see Announcement on Preparations of Coming BCH Fork & Launch of Forked Coins Futures Markets.

Node Maintenance

Deposit & Withdrawal Resumption of ANT & REP and Contract Replacement Completion

Contract replacement of ANT and REP have been fully completed, with their deposit and withdrawal resumed on November 4, 2020 (UTC).
New contract address of ANT: 0xa117000000f279D81A1D3cc75430fAA017FA5A2e
New contract address of REP: 0x221657776846890989a759ba2973e427dff5c9bb

CoinEx Institution

RESEARCH REPORT ABOUT THE GRAPH NETWORK

The Graph is a protocol for organizing blockchain data and making it easily accessible. It’s powering many of the most used applications in DeFi and the broader Web3 ecosystem today. Anyone can build and publish subgraphs, which are open APIs that applications can query with GraphQL. Subgraphs make it easy for developers to build on blockchains. What Google does for search, The Graph does for blockchains.

Full Report.

https://preview.redd.it/flk33lf645y51.jpg?width=512&format=pjpg&auto=webp&s=e8e3f67b342f7708cdc782e522d9b52552d399fa

RESEARCH REPORT ABOUT ACALA NETWORK

The existing USD stablecoins are most prevalent on the Ethereum platform, just to name a couple of USDC (centralized stablecoin) and DAI (decentralized stablecoin). In the decentralized stablecoin realm (using an over-collateral mechanism for securing the stablecoin), single network assets are fundamentally limited by its underlying ledger and the assets available on that platform as collaterals, hence limiting their usage and adoption.

Full Report.

https://preview.redd.it/a6fid8h845y51.jpg?width=1080&format=pjpg&auto=webp&s=14ad48bd5694b9cfc08cd850edae9ff2ace90c43

Important Services

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.

Click here to register on CoinEx

/r/Lebanon Help and Political Discussion Thread - Nov 9 2020

This is an automated bi-weekly thread

Feel free to discuss anything here while remembering to keep it civil and polite. You can also shit-post here all you want!

Resources and Help

Economy and Financial Help

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[Daily Discussion] Monday, November 09, 2020

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
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Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays
Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Monday, November 09, 2020

Thread topics include, but are not limited to:

Discussion related to recent events
Technical analysis, trading ideas & strategies
General questions about altcoins

Thread guidelines:

Be excellent to each other.
All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

Other ways to interact:

Get an invite to live chat on our Slack group and check out the #altcoins channel
Daily Discussion for bitcoin only: Daily Discussion
Prior Altcoin Discussion: Altcoin Discussion

Play PK Master and Get a free #iPad and #AirPods!

Click the link below for the event detail

https://kokfoundation01.medium.com/pk-master-giveaway-and-mileage-event-b570ed23e18b

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#KOK #KOK_Foundation #KOK_Play #KOK_Token #KOK_Coin #ZBG #Bithumb_Global #Blockchain #ERC20 #Bitcoin #Cryptocurrency #Digital_contents_platform #Decentralization

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