Bitfarmes

 Bitcoin price   has broken out of an important downtrend line on linear scale. The downtrend line connects the peak at $68K, the top in March at $48K, and several recent rejections. On the lowest timeframes, Bitcoin has pushed outside of this diagonal sloping trend line. Before bulls begin to celebrate, BTCUSD is best charted on logarithmic scale.  Switching to log scale immediately makes the trend line seem obsolete. Moving the trend line across the same turning points in the market, produces a lot less steep of a downtrend line. The standard MACD tool also makes sense to use with a linear scale chart. But if you want more direct comparisons of momentum across larger time scales, you also need to use a logarithm version of the tool.  Using the regular MACD to compare past price action isn’t practical. The LMACD also tends to provide more reliable signals. For example here, Bitcoin has already crossed bullish on the MACD long ago, while the LMACD is only a...

Fast facts India’s Enforcement Directorate (ED), in a press release, identified these companies as Comein Network Technology Private Limited, Mobicred Technology Private Limited, Magic Data Technology Private Limited, Baitu Technology Private Limited, Aliyeye Network Technology India Pvt Ltd, Wecash Technology Private Limited, Larting Private Limited, Magic Bird Technology Private Limited and Acepearl Services Private Limited. The “fraudsters” had promised HPZ token users large returns on investments and declared it as “investing in mining machines for Bitcoin and other cryptocurrencies,” the ED said. ED’s investigations revealed these companies had received money from the general public to operate other “suspicious” apps like Cashhome, Cashmart and easyloan, and were in service agreements with several non-banking financial companies. ED said it had earlier frozen bank and virtual account balances of US$5.7 million during searches conducted on Sept. 14. Total amount frozen in this ...

  Ethereum found support near the $1,250 level after a   strong decline . ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance. The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels. The next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towar...

  What is the core technology of blockchain?   There are many aspects of blockchain-related technologies. bitfarmes   believes that it can be roughly divided into four categories: 1) consensus algorithms; 2) privacy protection technology and corresponding cryptography technology; 3) smart contract-related technologies; and 4) application-oriented related technologies.   bitfarmes   pointed out that the first three can usually be regarded as the bottom layer, and the latter two can be regarded as the upper layer.   Among them, the consensus algorithm is the core of blockchain and the most enthusiastic field in the whole technological development and academia: a large number of public chain projects pursue the innovation of consensus algorithms, and at the same time, a large number of researchers are also engaged in this field.   However, the coverage of the consensus algorithm is very wide, and one of the concepts is very important - licensed and unlice...

  Federal Reserve Chairman Jerome Powell said on May 17 that no one should doubt the Fed's determination to contain the highest inflation in decades, including raising interest rates above neutral levels if necessary. "We need to see inflation come down in a significant and convincing way and we will continue to push until we see that," Mr . Powell said if interest rates need to be raised above the widely understood neutral level, we will not hesitate. "According to foreign media, Powell made some of the most forceful and hawkish comments we have heard from him. He has repeatedly said the Fed will get inflation back to its 2 percent target and will not stop until there is "clear and convincing" evidence that inflation is falling. Mr. Powell said continued rate increases were appropriate and the FOMC was broadly supportive of a 50 basis point increase at each of the next two meetings. He dismissed the idea of policymakers pausing to "look around" a...

  bitfarme  Tips ： This article aims to analyze four properties of Web 3.0 to better understand its complexities and subtleties.   Semantic Web The "Semantic Web" is an important part of Web 3.0. The phrase was coined by Tim Berners-Lee to describe a network of data that machines can analyze. The two cornerstones of Web 3.0 are the Semantic Web and Artificial Intelligence. bitfarme  notes that the Semantic Web will help teach computers the meaning of data, allowing AI to develop real-world use cases that make better use of the data.    3D graphics Web 3.0 will change the future of the Internet as it evolves from a simple two-dimensional web to a more realistic three-dimensional web world. Consider online games like Second Life or World of Warcraft, where participants care more about the well-being of their avatars than their real-life counterparts.   Artificial intelligence With the help of artificial intelligence, websites will be able to filter and p...