Top Trending Crypto News Today
Visa Proposes Automatic Payments Using Ethereum Layer 2 System StarkNet
Payments processor Visa (V) recently proposed a system known as “account abstraction” that uses smart contracts can be used to enable automated programmable payments on Ethereum. Such a move would allow recurring payments to be conducted entirely over blockchain networks, which currently are devoid of such capability, Visa said.
Mercedes-Benz Hints at Metaverse, NFT Plans in Trademark Filing
The company has recently filed for five metaverse and NFT-related trademark applications with the United States Patent and Trademark Office (USPTO). The five applications for “Mercedes Benz, Mercedes, S-Class, G-Class, and Maybach” establish trademark protection for any future NFT collections, marketplaces for NFTs and virtual vehicle parts as well as to enable cryptocurrency trading.
Elon Musk to quit as Twitter CEO when replacement found
Elon Musk has said he will resign as Twitter's chief executive officer when he finds someone "foolish enough to take the job". He says he will still run the software and servers teams after his replacement is found. Changes on the platform since his takeover have been much criticized.
Daily Crypto Market Analysis - Growing and ForecastIn the last 24 hours, the long liquidations were 10.18M USDT and the short liquidations were 4.67M USDT, leaving 5.51M USDT worth of net short liquidations. The total liquidations dropped significantly and still stayed at a low level. All reflect that investors’ lack of interest of making new moves and the market will remain in correction.
The Fear & Greed index went down to 26, still below 30. The number has been around 25 most of the time in the last 4 months, showing investors’ lack of confidence. But on the other hand, the market has been relatively stable, instead of slipping further.
Bitcoin Ahr999 climbed slightly to 0.32, below the bottom line 0.45 and the DCA line 1.2. The numbers reflect that the bear market will last for a long time. Judging from the information above, the prices are still at the bottom zone.
In the last trade day, the major U.S. indexes all increased a lot, with the DJI as the strongest, up by 1.60%. S&P 500 and NASDAQ up by 1.49% and 1.54% separately. The two main cryptos, BTC and ETH grew slightly by 0.11% and 0.46%.
People are worrying about the economic recession that may happen due to the possible interest rise of the Fed. S&P 500 of this year is proving to be the worst since 2008 when this year is coming to an end.
In terms of economy, the Existing Home Sales of November in the U.S. decreased by 7.7%, which has been the 10th month continuously, but with a larger drop range. However, since the inflation is expected to subside, the Consumer Confidence Index of December has been the highest since April, better then the market expectation.
In terms of economy and politics, Volodymyr Zelenskiy, the Ukraine president, went to the White House on Wednesday to meet Joe Biden, the U.S. president. Biden reclaimed that the U.S. seek “just peace” and announced that it would offer 1.85 billion dollars of extra assistance, including MIM-104 Patriot to strengthen Ukrainian’s protection in winter.
The prices of most mainstream crypto dropped yesterday, ranging from -1.88% ti 0.50%. But TRX proves to be the strongest by rising 0.50%.DOT continues it’s weak tendency of yesterday by falling 1.88%. BTC and ETH increased 0.11% and 0.46% separately, helping to stabilize the market.
Judging from the 4-hour timeline, BTC continues it’s tendency of the day before yesterday and the price stays near 16850. The moving averages haven’t point to a clear future yet and the transaction will fall in the coming Christmas holiday, both of which contribute to the current unclear future.
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