Before that, the social network only supported transfers in bitcoin. In addition, Twitter Tips supports Cash App and Venmo payment systems.
According to Crypto-Auditor, Twitter has added support for Ethereum addresses for its mobile donation service. The option came a few months after the social network added the ability to send donations in bitcoin using the Lighting Network.
Have you set up Tips on your profile yet so it's easy for people to show their support?
Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.
No: What are you waiting for? Here's how: https://t.co/Id5TwTpnCF
— Twitter Support (@TwitterSupport) February 16, 2022
Now donations to Ethereum addresses are available to a wide range of users. However, unlike bitcoins, the direct connection of wallets to the Ethereum network is not yet provided. To send a donation, you must manually copy the wallet address.
In January, Twitter added the ability to put NFT on a profile photo. This feature has become available to subscribers of the Twitter Blue premium service with devices based on the iOS operating system. They can now link their social media account to a cryptocurrency wallet and select NFTs to use as their profile photo.
Berkshire Hathaway Vice Chairman Charles Munger spoke of pride in not investing in digital assets
As Crypto-Auditor knows, Vice Chairman of the Board of Directors of Berkshire Hathaway and longtime partner of Warren Buffett Charles Munger, 98, at the annual meeting of the Daily Journal in Los Angeles, said he was proud that he did not invest in digital assets, writes Bloomberg. Munger also compared cryptocurrency with a venereal disease.
“I have not invested in cryptocurrencies. I’m proud to have avoided it. It resembles something like a venereal disease,” the investor said.
The businessman noted that he has a negative attitude towards cryptocurrencies because of their use by extortionists, terrorists, and persons who evade taxes. According to Munger, the US authorities should immediately ban cryptocurrency, as they did in China.
Munger is a longtime critic of cryptocurrencies. At the end of 2021, he stated that he would never buy cryptocurrency and called the complete ban on cryptocurrency transactions in China correct. In May of the same year, the businessman called bitcoin disgusting, and also stated that he hated the success of the first cryptocurrency.
In February 2020, the investor emphasized that digital money has no value, and is also used in most cases to illegally move capital.
Santiment recorded a significant increase in trading activity for one of the altcoins
As Crypto-Auditor informs, the analytical company Santiment reported that at the moment there is a significant increase in trading activity in the WEMIX metaverse token. At the same time, the altcoin rate has not yet reacted to the increase in activity, analysts noted. A similar situation was observed with the Decentraland (MANA) token before its price increased by more than 75% at the end of January, Santiment noted.
🥽 Checking in on #Metaverse assets, we are seeing that #WEMIX is seeing a massive volume surge, but its price has yet to react. #Decentraland also has shown major development activity levels, which has very likely correlated with its 2022 price surge. 📈https://t.co/R6y2I1dIDU pic.twitter.com/1IlGSPNsf8
— Santiment (@santimentfeed) February 17, 2022
On February 17, the WEMIX token is trading at $6. Over the month, the altcoin has fallen in price by 3%.
In November 2021, the cryptocurrency updated its all-time high above $24. Since then, the asset has fallen in price by 75%.
Earlier, the investment company CoinShares named the most popular altcoins among large investors. Last week, in addition to investing in Bitcoin and Ethereum, institutional investors were most actively investing in investment instruments based on Terra (LUNA), Tezos (XTZ) and Cosmos (ATOM) altcoins.
According to the company’s financial report, in the fourth quarter of the last fiscal year, revenue from the sale of CMP miners amounted to $24 million.
In the fourth quarter of 2021, NVIDIA’s revenue from the sale of special processors for mining amounted to $ 24 million, follows from the company’s report for the fourth fiscal quarter, which ended in January. This is a 77% decrease compared to the third quarter, in which miner sales revenue was $105 million. For the entire fiscal year (February 2021-January 2022), miner sales revenue exceeded $550 million.
NVIDIA announced the release of processors for mining cryptocurrencies CMP (Cryptocurrency Mining Processor) in February 2021. With the help of this processor, the company planned to deal with the shortage of video cards and the confrontation between miners and gamers.
In January, the demand for mining equipment increased 1.5 times. Also, the number of search queries for video cards increased by 46%. The most popular graphics cards for mining were variants from NVIDIA, the demand for which grew by 55%, interest in Radeon products increased by almost a third.
The era of “crazy speculation” in the digital asset market will soon come to an end.
The cryptocurrency market will continue to fall as the US Federal Reserve raises interest rates.
JPMorgan explained that when interest rates rise, investors stop investing in “crazy ideas” because they prefer projects that bring real economic returns. It is possible to have attributed the significant growth of the crypto market in recent years to the stimulus measures of the Fed in connection with the pandemic, which provoked a decrease in bond yields. This has encouraged investors to invest in cryptocurrencies and other high-risk assets.
At the end of January, the price of bitcoin for the first time since July 2021 fell to $32.8 thousand. Then the total capitalization of the cryptocurrency market fell below $1.7 trillion.
As of February 17, the first cryptocurrency is trading at $42.2 thousand, and the digital asset market is valued at $2 trillion.
The American investment bank believes that the emergence of more liquid options will attract more institutional-level players to the digital asset space.
The next major event for the crypto market will be the emergence of more liquid options, according to the investment bank Goldman Sachs. The company sees a strong demand for hedging with derivatives.
The next big step that Crypto-Auditor envisions will be the development of options markets
He believes that cryptocurrency derivatives are in a “rudimentary state” compared to more traditional markets such as stocks or foreign exchange. At the same time, in recent years, interest in bitcoin options has been actively growing.
According to the latest data from the Skew analytical company, open interest in options is $ 12 billion. In the first half of 2020, this value practically did not exceed $ 2 billion.
There are more versatile options for hedging risk with options than with futures alone.
Over the summer, Gooldman Sachs partnered with Galaxy Digital to expand Bitcoin futures. This was the first time that Goldman Sachs used the services of a counterparty to work with a cryptocurrency.
Why do analysts expect the first cryptocurrency to grow in the first half of next year and why market participants remain positive
Trader Nicholas Merten believes that the next few months bitcoin will be in a “flat”, and in March next year will return to active growth and rise in price to $ 100 thousand. In the most optimistic scenario, the price of the first cryptocurrency may rise to $ 200 thousand, said Merten.
In November, the author of the Stock-to-Flow (S2F) model and analyst under the pseudonym PlanB admitted that the bitcoin rate could exceed $ 500,000 early next year. The expert claims that the first cryptocurrency is somewhere in the middle of the current bullish trend and the peak of growth may be much higher than expected.
Crypto-Auditor.com experts assessed analysts’ forecasts and explained Bitcoin’s prospects for the next year.
Bitcoin is not a security, and its value depends not only on technical and fundamental analysis, but also on many factors that have a significant impact on the rate. Despite the presence of a certain “bullish” trend, trying to predict the price of bitcoin next year is nothing more than guessing on the coffee grounds.
From a fundamental point of view, bitcoin has potential. The potential of the cryptocurrency is confirmed by various on-chain data and large purchases of bitcoin by “whales” during corrections. Various negative events can significantly affect the quotes of the crypto market.
One possible SEC decision to ban Bitcoin or USDT could have a significant impact on the exchange rate.
On December 1, the chairman of the US Securities and Exchange Commission (SEC) Gary Gensler called Bitcoin an autonomous alternative and competitor to the US banking system. Gensler previously argued that the regulator has no plans to ban Bitcoin and other cryptocurrencies.
All forecasts regarding cryptocurrencies should be taken with a high degree of skepticism. The current sideways movement on the crypto market does not cause any serious concerns for crypto investors. This indicates that the majority of market participants are in a positive disposition.
The first quarter of next year on the crypto market will be positive, since there are no factors for the negative growth so far. New participants enter the market, trading volumes are growing, and promising projects appear in the industry. After a period of strong growth in early 2022, the digital asset market is likely to undergo a correction that will last until about autumn.
The transaction was discovered by the Whale Alert bot, which monitors large movements of digital assets. Transfer of 15 thousand bitcoins took place between two unknown wallets
On November 30, 15 thousand bitcoins were transferred (about $ 880 million at the time of the transaction). The transfer fee was $ 0.8. The transaction was discovered by the Whale Alert bot, which monitors large movements of digital assets. The transfer took place between two unknown users, as Crypto-Auditor knows.
— Whale Alert (@whale_alert) November 30, 2021
This is not the largest transaction on the cryptocurrency network. In September, over $ 2 billion in bitcoin was transferred with a commission of $ 0.78. The transfer of 44.6 thousand bitcoins was carried out from one unknown address to another.
The size of commissions in the bitcoin network depends on the workload of the blockchain. The fewer the number of transactions required for execution, the cheaper it is to conduct them.
In November, several large purchases of the “meme” cryptocurrency were recorded. At the beginning of the month, a crypto investor purchased 20 trillion Shiba Inu tokens for $ 1.15 billion
The number of crypto investors who own the “meme” token Shiba Inu exceeded 1 million for the first time, the WhaleStats service, which tracks large movements of cryptocurrency in the Ethereum network, reported. According to the service and Crypto-Auditor, large Ethereum holders have accumulated 48.1 trillion Shiba Inu tokens ($ 1.8 billion, taking into account the current exchange rate on November 25).
🏆 New Record: $SHIB reaches an astonishing 1,000,000+ holders.
Current Holder Count: 1,000,195
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) November 25, 2021
In November, several large transactions for the purchase of Shiba Inu tokens were recorded. On November 7, an unknown large cryptocurrency holder bought 20 trillion tokens worth about $ 1.15 billion. On November 17, a crypto investor purchased a “meme” cryptocurrency for $ 8.3 million. On November 22, an unknown person bought Shiba Inu for $ 36.8 million.
On November 25, Shiba Inu is trading at $ 0.000040, down 53% from all-time high, and its market cap is $ 22.4 billion, according to CoinGecko. At the end of last month, the altcoin set an all-time high above $ 0.000086. In October, the “meme” token has risen in price by more than 1000%.
The Shiba Inu token is called the “Dogecoin killer” by its creators. The project’s website says that its main task is to surpass Elon Musk’s favorite cryptocurrency in terms of capitalization (Dogecoin’s capitalization as of November 25 is $ 29.3 billion). The developers of Shiba Inu claim to have been inspired by the example of the Reddit community WallStreetBets, whose members were able to “accelerate” the value of shares of GameStop, AMC and a number of other companies.
On November 29, the altcoin renewed its all-time high at $ 689. In four days, its price increased by almost 1000%
The price of the Omicron (OMIC) token has grown almost 10 times over the past four days, as Crypto-Auditor is aware. On Monday, November 29, the altcoin price reached a new all-time high, rising above $ 689. The cryptocurrency began to rise rapidly after the World Health Organization (WHO) announced a new strain of coronavirus from South Africa and named it “omicron”.
The new strain of coronavirus is spreading faster than its predecessors, and may affect more people, including those who have previously had other strains, suggest in the WHO.
The Omicron token was created in early November as a result of the division of the Olympus project into the second-tier Arbitrum network. Each OMIC token is backed by an internal asset basket (USDC and OMIC-MIM LP).