From the statement that the total daily transaction volume on the Bitcoin network has reached 10 million BTC, to AMC, which accepts payments in ETH, LTC, BCH. Here are some highlights from the crypto market.
The total volume of large transactions on the Bitcoin network has reached 10 million BTC per day. The trading volume comes mainly from institutional investors.
However, increased trading activity on the network may not be a good sign for both traders and long-term investors.
Institutional activities seem to be on the up 📈 pic.twitter.com/wQC9AzAxhk
– IntoTheBlock (@intotheblock) September 15, 2021
One of the main signs that the crypto market structure is stable is low foreign exchange inflows. A significant increase in trading activity in the network is often accompanied by an inflow of capital on large stock exchanges. But according to various on-chain data analyzes, both the reserves on the exchanges and the inflows into the exchanges are either declining or unchanged.
🐳 #Bitcoin Millionaires hold 100 to 10k $ BTC 70k. dumped $ BTC between Sept. 6th and 9th and the price fell by -14.7% by the 10th. The same whales now have 60k. accumulated $ BTC back in the last 3 days and the price has gone up 5% again. Conicidence? Absolutely not. https://t.co/n6XEZ4RbtT pic.twitter.com/D3aT8GWVRP
– Santiment (@santimentfeed) 16.09.2021
Since the large volume of trading does not migrate to centralized or decentralized exchanges, it is most likely moved between wallets or used in OTC transactions.
The most recent 15% BTC dumping on September 7th is also due to increased trading activity and, above all, a massive shift in the number of coins held in “whale” wallets. BTC millionaires sold around 70,000 coins in just three days. But soon after, they quickly collected around 60,000 bitcoins with a massive discount of around 10%.
Although the activity of some “young” wallets is constantly increasing, old owners are unwilling to sell their funds and prefer to hold BTC rather than sell. In addition, wallets that are more than a year old have had low spending rates for many years. At the moment, given the increase in network activity, Bitcoin is trading at $ 47,800 with no volatile movements.
Has strength (ELIXIR) obtain Sponsorship from the Polygon Foundation
Starchi is a DeFi game on polygon inspired by Tamagotchi. It has a double token economy consisting of the START token from Starter and the Starchi Liquid Luck (ELIXIR) token.
With START, players can access the game and buy Starchis. In the meantime, the player will receive an in-game reward in the form of ELIXIR.
Kusama said that after winning the seventh Parachain auction, Calamari will now become the eighth Parachain on the network.
According to the announcement, more than 16,000 stakeholders in the network have closed KSM in support of Calamari.
Welcome to the c @CalamariNetwork!
After winning the seventh parachain auction, calamari is now listed as my eighth parachain [7-auction winning parachains, plus #Statemine]. More than 16,000 network participants have approved KSM.https://t.co/KQow7VYqbs pic.twitter.com/hxJirbEwCL
– kusama (@kusamanetwork) September 15, 2021
JP GAMES has notification that the project will create the Pegasus World Kit, a developer toolkit for creating virtual games with the Unreal Engine.
To improve their Metaverse gaming experience, JP GAMES wants to use XOR as a native token in this environment and is seeking a loan of 60,000 XOR from the community.
This loan is used in the game for the player to have XOR. This is not offered to users for free, but they do have to pay a slightly higher fee than the SORA token alignment curve. The funds that players use to pay XOR will then be used to maintain the borrowed token balance according to the actual treasury management situation.
Frontier (FRONT) has notification about the launch of the Frontier V2 app in the next few weeks.
The Frontier V2 app will support over 4,000 crypto assets across multiple chains. It also supports staking, lending, fiat on-ramps, the aggregation of leading protocols on EVM-compatible chains such as BSC, Avalanche C-Chain or Fantom, as well as the routing of transactions over Layer-2 such as Polygon and Arbitrum.
AMC accepts payments in Ethereum, Litecoin, and Bitcoin Cash.
AMC CEO Adam Aron announced on Twitter that in addition to Bitcoin, the largest US cinema chain will also accept Ethereum, Litecoin and Bitcoin Cash.
Cryptocurrency Enthusiasts: You Probably Know It @AMCTheatres announced that we will accept Bitcoin for online ticket and concession payments by the end of 2021. I can confirm today that in this case we also assume that we will accept Ethereum, Litecoin and Bitcoin Cash in a similar way. pic.twitter.com/uKcFyQotoJ
– Adam Aron (@CEOAdam) 16.09.2021
Aron initially revealed plans to support the largest cryptocurrency during a conference call in early August.
At the time, he also said that AMC would look into other blockchain-related options, which is why paying with altcoins seems like a logical step for the cinema chain.
More and more institutional investors are considering entering the crypto market.
Binance CEO Changpeng Zhao recently told the South China Morning Post that financial institutions are coming for “a big time”.
According to Zhao, the largest cryptocurrency exchange is seeing more and more institutional investors.
Binance boss called Add that traditional financial services firms and venture capitalists are entering the crypto realm. Zhao said they would not invest their money right away, but are still investigating the matter.
The EU is investing $ 177 billion in blockchain and a number of other emerging technologies.
According to the report, the European Union (EU) plans to promote technology development in the region with investments of up to US $ 177 billion.
The EU is using $ 177.4 billion in recovery funds to invest in blockchain services and data infrastructure pic.twitter.com/S1hrZ02Z2Z
– Crypto-Live (@Crypto_Live_) 16.09.2021
Bloomberg sources say EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G and quantum computing.
The $ 177 billion mutual fund
Ursula von der Leyen, President of the European Commission, emphasized on Wednesday the importance of investing in digital technologies for the entire region.
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