How to study the crypto market ?

When an asset’s price reaches a new all-time high, traders plough in as they see a chance to ride the trade higher. The same was seen after the price of Bitcoin (BTC) broke over the $20,000 mark on December 16. By December 19, the price had reached an intraday record at $24,197.46, a 21% rally in four days.

This sudden swing in the price of Bitcoin draws traders who use options by buying downside insurance to try to amplify their profits or hedge their current positions. This resulted in an open market in Bitcoin options that reached a new all-time high earlier this week at $6.5 billion. Starting with bitcoin’s sharp momentum.

let us take an example.

BTC/USD

After the market broke through the $20,000 overhead resistance, Bitcoin picked up steam, but the fast growth of the last few days forced the relative strength index (RSI) far into the region of overbought. In the next two days, this indicates the likelihood of a consolidation or a correction.

Typically, when the price breaks above a crucial threshold, such as an all-time high, the breakout level is turned down and retested. In this scenario, from the $25,000 to $26,000 resistance range, the BTC/USD pair can turn down and re-test the breakout level at $20,000.

If the market vigorously bounces from this support, the bulls will again attempt to revive the upward trajectory. If they thrive, that would mean that the current floor for the pair is $20,000.

Contrary to this presumption, if the bears fall below the exponential moving average of 20 days ($20,356) and the $19,500 uphold, the pair might drop to the simple moving average of 50 days at $17,960.1

ETH/USD

On December 16, Ether (ETH) broke out of the ascending triangle pattern, and on December 17, the market rallied to $676,325, but the bulls could not maintain the higher levels.

Although the bulls did not cause $622,807 for the price to drop below the immediate support, the price is trapped between $622,807 and $676,325.

If the bulls can catapult the market beyond $676,325, the next leg of the uptrend that could meet the $763,614 pattern goal could begin. The upsloping moving averages indicate that the upper hand is on the bulls.

Contrarily, the ETH/USD pair could decline to the 20-day EMA ($599) if the bears lower the price to $622,807. If the market bounces back with intensity from this boost, the bulls will attempt to revive the upward trend.

Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. The reason? Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.

That’s what’s called “the greater fool” theory of investment. Contrast that to a well-managed business, which increases its value over time by growing the profitability and cash flow of the operation.

Also, read Vitalik Influencing Crypto via Ethereum!

 

Vitalik Influencing Crypto via Ethereum!

A Russian-Canadian writer and programmer, Vitalik is indeed influential in the Bitcoin community since 2011, co-founding and publishing articles for Bitcoin Magazine. He is best regarded as the founder of Ethereum, a blockchain technology system meant to handle smart contracts and decentralized applications and currently the world’s second-most important and acknowledged cryptocurrency platform behind Bitcoin.

Vitalik has been involved with crypto for a while now, having developed an early interest in bitcoin. Earlier, he worked as Chief Editor of Bitcoin News, which covers innovations in the blockchain industry before moving to launch Ethereum, which helps developers create decentralized applications (DApps). Ethereum is the second most important digital asset.

Ethereum

Buterin elaborated Ethereum in a whitepaper. He proposed a platform, which has a general scripting language. Buterin researched and implementing security and expanding strategies for Ethereum, as the blockchain technology is striving to manage a meager fifteen transactions per second. Although the next lengthy step of Ethereum (dubbed Ethereum 2.0) is expected to arrive in 2021 or even later, Buterin has received outrage from most of the blockchain community for offering a brief solution by incorporating Bitcoin Cash (BCH): from the original Bitcoin that provides a wealth of data, which is better than Ethereum.

Later, he claimed that, in fact, necessary for the crypto community to maintain and have a massive social influence, it must abandon the rigid idealistic paradigm of the cryptographic protocols and focus more on the dynamics of a progressive system. In October, Buterin conducted a Twitter poll asking the group how much ETH will need to be at stake to endorse a reversion of chain operation to a big hack, with 61 percent choosing “Intervention Never OK.”

Buterin suggested a method for introducing an early upgrade from Ethereum 1.0 to Ethereum 2.0 before the difficult network days later, postponing the transition.

Buterin strongly believes Ethereum execution is full of endless possibilities. “Ether” is used for paying transaction fees, and is the main fuel for Ethereum. Financial applications provide users with efficient ways to enter into a contract. Token Systems represent assets like gold, USD, stocks, which are easy to implement in Ethereum.

Buterin and a group of researchers are proactive in addressing the challenging practical issues of a free, unauthorized computer network that can keep pace with established enterprises.

It will be a crucial year for the advancement of Ethereum, as researchers strive to configure that platform for such a long shift to a more flexible and less powerful, decentralized computing network. In fact, Ethereum 2.0 is the original goal for Ethereum: proof-of-stake consensus, state clustering, easy implementation of transactions, and more.

Also read: What the Crypto Economy looks like in Joe Biden’s Presidency!

Best Netflix Documentaries To Watch This Weekend

The weekend is here, again! It is time to let go of all the worries that surround you throughout the week, either from work or college. There is no better way to relax than Netflix and chill.

You must be a big fan of Netflix, and you are probably thinking that the king has consumed all the content. But there is always something more interesting to look forward to on Netflix.

Today, we are going to save you from the needless Netflix scroll, to get to that ‘one series you might be interested in watching. Here are some of the best documentaries that you can watch on Netflix this weekend.

The Staircase

If you are a fan of Murder Mystery, then this one is for you. Academy Award-winning documentary filmmaker, Jean-Xavier de Lestrade, presents a gripping courtroom thriller, offering a rare and revealing inside look at a high-profile murder trial.
It involves a high profile murder trial of American novelist Michael Peterson following the death of his wife in 2001.

Who Killed Little Gregory

Who Killed Little Gregory is a documentary focused on the horrific murder of a 4-year old Gregory Villemin. A young couple fights a twisting and arduous battle trying to identify a frustratingly elusive killer of their son. It is arguably the best true crime documentary on Netflix and holds the potential to get 10/10.

This Is A Robbery

On 18, 1990, 13 works of art were stolen from the Isabella Stewart Gardner Museum in Boston. Two men posing as police officers admitted themselves in the museum while responding to a disturbance call, tied the guards up and looted the place. A four-part robbery series is as Netflix as it gets.

Making A Murderer

Exonerated after spending nearly two decades in prison for a crime he did not commit, Steven Avery filed suit against Manitowoc County, Wis., and several individuals involved with his arrest. Making a Murderer is a real original that paved a way for many other documentaries in style and template.

Americal Murder: The Family Next Door

In a heartbreaking series of events, a 34-year-old Shanann Watts and her two young daughters disappear in Colorado in 2018. Soon after a few details emerged, the family story made headlines around the world. The access to footage is staggering and it’s edited and produced in a unique way, using text messages and social media posts to tell the story.

What the Crypto Economy looks like in Joe Biden’s Presidency!

On 20th January 2021, former Vice President Joe Biden took over the top office in the United States. For years to follow, the nominations for federal office may influence crypto strategy in the world. And again, Congress, as well as the president, is controlled by the same major political party, which means a united economic and financial policy can be enforced.

Within last week, BITCOIN prices have varied, and now the leadership of Joe Biden may lead to a decline, reports claim.

Mr. Biden who is inaugurated as US President, leaving policymakers to ponder on how the market and businesses can be changed under his new agenda.

Given Gary Gensler’s continuing and profound involvement in technology, Securities and Trading is good news for the crypto community.

Why it makes a difference: While, under Trump-era President Jay Clayton, the SEC has shared several of its thoughts by policy actions, etc., this same industry has already been longing for a more legislative clarification.

A majority of plans to create policy changes on the first day are already applicable to the new administration. ABC News is reporting that Biden would implement a reaching transformation of U.S. policy through a handful of executive orders, presidential memoranda, as well as other authorized regulations continuing in the first week of his tenure.

Fintech and crypto, if it came to immediate action, will not be at the top of the list of Biden administration. The Biden presidency, furthermore, is projected to make all sorts of substantial policy decisions for the United States beyond the first day, first week, as well as first year in office.

COVID has brought a radical approach towards the digital transformation of the whole financial world.

As quarantine measures were put, the use of money fell significantly in the United States and overseas; financial companies that had provided in-person services were driven to expand their online business processes much more.

Perhaps this is part of the reason why Bitcoin managed to smash through its previous all-time high year of the pandemic, gathering incredible international recognition then use.

In fact, 2021 has been the ‘Defi year’ term, wherein the decentralized financial environment made massive improvements for its advancement while using.

One of the strongest influences of the Biden presidency may come through regulations that are not particularly applicable to cryptocurrency or anything, so far as the major effects on a crypto world are involved. The United States may not be willing to create a ‘virtual currency’ quite yet, given all of this. A set of rules will be introduced by Financial Crimes Enforcement Network (FinCEN) to take crypto activities within the strict investigation.

It is a wait-and-watch game, what Biden’s Era will unfold for the crypto economy.

Also read:Calculating the Crypto Revolution- 2021

 

Realme Launched 2-Aggressively Priced Smartphones, Realme 8s 5G and Realme 8i in India

Realme has officially launched two new smartphones, Realme 8s 5G and Realme 8i, in an event held in India. The newly launched smartphones from the 8-series sport a hole-punch display design, high-refresh-rate displays, and triple rear cameras. Along with these two smartphones, the company also launched its first tablet called Realme Pad during the event.

Realme 8s 5G

The Realme 8s 5G is the first smartphone globally with the Dimensity 810 SoC, and it runs on Android 11 with Realme UI on top. The 5G smartphone arrives with a price tag of Rs. 17,999 for the 6GB RAM + 128GB storage variant, while its 8GB RAM + 128GB variant comes at Rs. 19,999 and provides an additional 5GB virtual RAM through Realme’s Dynamic RAM Expansion.

The Realme 8s 5G smartphone boasts a 6.5-inch FHD+ IPS LCD screen with a 90Hz refresh rate. In terms of the camera, the device gets a 64 MP primary camera with f/1.8 aperture, B/W portrait lens with f/2.4 aperture, a 2MP macro unit and for selfies, it has a 16-megapixel selfie camera sensor in the front. The smartphone is packed with a massive battery of 5000mAh with 33W fast-charging support.

Realme 8i

The Realme 8i is powered by the Helio G96 SoC, and it will be the first smartphone featuring the new Mediatek platform. The smartphone has been priced at Rs. 13,999 for 4GB RAM + 64GB storage variant and a more powerful 6GB RAM + 128GB storage variant is priced at Rs. 15,999, which also provides an additional 5GB virtual RAM for multitasking like the Realme 8s 5G.

The dual-SIM smartphone runs on Realme UI 2.0 based on Android 11 sports a 6.5-inch FHD+ IPS LCD screen with a 120Hz refresh rate. It also offers a dynamic refresh rate with six different levels, 30Hz, 48Hz, 50Hz, 60Hz, 90Hz, and 120Hz, which you can set as per your requirements. The smartphone is packed with a 5000 mAh battery, but sadly the charging is limited to 18W charging. In terms of camera, it has a 50MP f/1.8 main camera with a 2 MP depth sensor and a 2 MP macro unit.

Availability

The Realme 8s 5G is available in two colour options, Universe Blue and Universe Purple, while the Realme 8i is available in Space Black and Space Purple colours. Both the phones will be available for purchase on Flipkart, Realme.com, and major offline retailers in the country. The Realme 8s 5G sale will start on September 13, at 12 PM-noon, while the sale for the Realme 8i will start on September 14, at 12 PM-noon.

Calculating the Crypto Revolution- 2021

The meteoric rise in the price of Bitcoin has put cryptocurrency on a map in the investment world. Bitcoin has outperformed excellence in terms of cost ever since its launch a little over a decade earlier. This is the most valuable cryptocurrency, with a $1 trillion economy. While Bitcoin is the most popular cryptocurrency, there are over 5000 cryptocurrencies in circulation today.

Numerous cryptocurrencies have outperformed Bitcoin in terms of performance. Ethereum, the second-largest cryptocurrency, has increased by 750 % since 2020, surpassing Bitcoin’s 600 % return over the same period. Many of these cryptocurrencies are directly competing alongside bitcoin. Investors are starting to question, ‘What to look out for in the Crypto Revolution- 2021?’

NFT

NFT Non Fungible Tokens are digital assets that can only be found online. They represent various valuable assets like art, artworks, sports cards, music records, digital real estate, and so on. Each NFT represents the unique data that enables users to distinguish between the two NFTs. The info also allows us to validate the legitimacy of the assets. As each NFT is distinctive in its own right, they cannot be exchanged.

Non-fungible tokens, or NFTs, have exploded onto the digital art scene this past year. Proponents say they are a way to make digital assets scarce, and therefore more valuable. 

Nowadays, most NFTs tend to be digital. This makes it particularly easy for creators to give their supporters something rare and unique. Some NFTs, for example, are digital artworks, and people are now collecting these digital artworks, just like collectors have collected physical paintings for years. And some of these NFTs have gone for extraordinary prices.

A more down-to-earth version of a modern digital NFT is CryptoKitties. They are an Ethereum blockchain game where users can buy, sell and breed digital “cats.” Every “cat” is unique (just like your real-life pet).

In some ways, NFTs are similar to Bitcoins and other cryptocurrencies, except, of course, they are non-fungible and non-divisible. The first NFTs were part of the Ethereum blockchain, which stores extra electronic information to distinguish their uniqueness. Other blockchains now also facilitate NTFs. Because of the differing blockchain technology behind particular NFTs, not all NFT marketplaces buy and sell all types of NFT. Creators will often select an NFT marketplace based on whether that marketplace supports a specific NFC token standard.

Yield Farming

It is a facet of the Defi network that enables users to acquire cryptocurrency using cryptocurrency. Its process is equivalent to lending money with peers and being able to earn interest on money lent. Yield farming allows people to lock in their crypto for a set period of time for rewards. Incentives could include interest, new tokens, other blockchain-based coins, and so on.

At its core, yield farming is a process that allows cryptocurrency holders to earn rewards on their holdings. With yield farming, an investor deposits units of a cryptocurrency into a lending protocol to earn interest from trading fees. Some users are also rewarded with additional yields from the protocol’s governance token.

Yield farming works in a similar way to bank loans. When the bank loans you money, you pay back the loan with interest. Yield farming does the same, but this time, the banks are crypto holders like yourself. Yield farming uses “idle cryptos” that would have otherwise been wasting away in an exchange or hot wallet to provide liquidity in DeFi protocols.

Also read: What to watch out for in Crypto- 2022?

Apple Hypes Launch Event With Invite Carrying AR Easter Egg

Finally, the suspense is over, and the date is revealed. On Tuesday, Apple finalised that it is hosting the September event next week. However, it is still not confirmed by Apple that the release of the iPhone 13 will happen in that event or not. But as per the hints given by Apple in its invite that bought us with the augmented reality AR experience, we can make out that the launch will be a big one. 

Since last year, to boost up its announcements, a record of offering AR Easter eggs has been made by Apple. The Tim- cook led team Has raised the platform and advised that the upcoming Apple iPhone inauguration should be with AR experience this time, which will take the iPhone lovers to the next level experience.

If you have an iPhone or iPad, you can go to the Apple events webpage and click on the September 14 invite. You can experience the recent AR Easter egg. In that, you can see an AR Apple logo that will come into view over your camera viewfinder. You can keep in motion your Apple device to see the “9. 14” inauguration date and can also zoom in to see the landscape behind it. 

The logo uses Apple’s AR kit that is already installed on the iPhone and iPad. The launch video also has sound effects powered by spatial audio with the song “weather” by WDL. This AR experience could be embossed if the LiDAR sensor is present in the new Apple iPhone models.

Spotlight of the event.

An AR logo has been made by apple that was shown on its event webpage.

The logo takes us to a lake landscape where we can visualise the “9.14” release date.

Reportedly, iPhone 13 Series shall provide the new AR feel.

Twitter Is Testing New Edge-To-Edge Design For The Timeline

Microblogging giant Twitter has consistently been adding new features to its platform to enhance the user experience. Twitter has recently announced that it is testing edge-to-edge media in tweets on iOS, creating a more fullscreen for the photos and videos in your timeline.

If you open Twitter on your iPhone today, you might notice a new design that puts the focus on photos, videos, and GIFs. Twitter is planning to create an Instagram-like experience for its users. 

Twitter says,

“Now testing on iOS: Edge to edge Tweets that span the width of the timeline so your photos, GIFs, and videos can have more room to shine.”

For now, it is unclear if Twitter plans to roll out this new design to all users, but currently, it is just in the testing phase. However, if it rolls out beyond a selected group of iOS users, it will help Twitter address concerns over image cropping that it’s been dealing with over the last few years. 

Image cropping algorithms have been informally shown to have a bias toward white faces, something Twitter confirmed earlier this year. To counter this, Twitter is now planning to eliminate image cropping, but this design test takes things a step further with an Instagram-style emphasis on visuals.

The new design is also bringing up few complaints like the edge-to-edge screenshots of tweets that can confusingly look like an actual tweet. Clearly, Twitter needs to do some more tweaking before it can officially pull the feature out.

Samsung Galaxy M52 5G’s Support Page has Gone Live on Samsung India’s Website

The support page of the Samsung Galaxy M52 5G smartphone has gone live on the company’s official website. Previously, the leaked images and specifications of the phone have appeared multiple times on different websites, but now the handset with model number M-M526B/DS has popped up on Samsung India’s official website, which means the device will soon hit the Indian markets.

The Samsung M series is one of the most loved series by the Indian audience, and they’ve been waiting for the launch of the Samsung Galaxy M52 5G for a long time. Smartphone companies create phone support pages when the phones are about to launch, but sadly, the company hasn’t revealed any details about the launch date, price and specifications on the support page.

The yet-to-be-launched smartphone has passed through several certification websites, including the Bureau of Indian Standards (BIS) website, the US Federal Communications Commission (FCC) website and Bluetooth SIG. According to trusted insiders, the smartphone is said to be powered by the Snapdragon 778G chipset and the latest One UI 3.1 based on Android 11.

The smartphone is expected to feature a big 6.7-inch full HD+ Super AMOLED Infinity-O display and a screen resolution of 1080×2400 pixels. On the camera front, the smartphone is said to have a triple camera setup with a 64 MP primary camera, 12 MP ultra-wide sensor and a 5MP depth sensor. It may sport a 32 MP selfie camera and come with a layer of Corning Gorilla Glass 5 for protection.

The Samsung Galaxy M52 5G is tipped to have a 7,000 mAh battery, just like its predecessor, Galaxy M51, and it is expected to come with a 15W fast charging feature. According to the Geekbench listing, the smartphone may arrive with up to 8GB RAM and 128GB of internal storage. M52 5G’s predecessor, Galaxy M51, is currently priced at ₹21,999 on Amazon, which means M52 5G might arrive with a starting price of more than ₹22k.

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