Performance across the digital asset markets was mixed in the last week, with gainers led by a bullish Bbuy polygonatum odoratumitcoin (BTC). The market’s largest and oldest asset was up ~2% to end the week. Ethereum (ETH) and Cardano (ADA), the second and third largest assets in the crypto markets, fell by ~4% and ~13% respectively.
When the sentiment is bearish, traders dump positions tbitcoin kaufen sparkassehat they perceive as risky in favor of safe-haven trades. This could be one of the reasons for the sharp fall in Bitcoin (BTC) and most major altcoins on Sept. 20.Data from Bybt shows that Bitcoin held in Binance wallets has surged by 29,717 Bitcoin in the past 30 days. History suggests that an increase in the Bitcoin balance on Binance has resulted in a drop in Bitcoin’s price.
The Bitcoin balance on Binance rose from 99,700 BTC on April 20 to 347,590 BTC on June 26. During this period, Bitcoin’s price plunged from about $57,000 to roughly $30,000.Now the question is, could the sell-off deepen or will lower levels attract aggressive buying from traders? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Miami Mayor Francis Suarez has been celebrating the success of a recent initiative to fund municipal projects through the proceeds of a city-specific crypto protocol built atop the Bitcoin (BTC) blockchain.On Sept. 13, Miami’s city commissioners voted to accept funds generated by a new cryptocurrency, MiamiCoin, which was launched in August by CityCoins. The coin is built on Stacks, an open-source network of decentralized apps and smart contracts that use the Bitcoin blockchain as a programmable base layer.Hard-coded into MiamiCoin’s protocol is the requirement that 30% of all coins mined are routed to a digital wallet designated for the city. Those funds will be earmarked for spending on projects such as projects to mitigate the risks of climate change, funding initiatives for underprivileged communities, and investing in crypto education for tech entrepreneurs.
Fox Business estimated last week that roughly $2,500 worth of Stacks (STX) at its then-value of $1.50 were being transferred into the city's wallet every 10 minutes. In an interview with Fox on Sept. 20, Mayor Suarez confirmed the ballpark figure, stating that mining proceeds generated over $2,000 every 10 minutes and "over 5 million USD over the last 30 days".In voting to accept the funds raised since August, the Miami City Commission did not vote to spend them–yet. Instead, it accepted the USD equivalent of the proceeds and will hold them in reserve for future municipal spending. Conversion into fiat currency ensures that the city does not custody cryptocurrency directly. In his Fox interview, Suarez said of the initiative:“It’s interesting because it’s not an involuntary tax, it’s not philanthropy, it’s something that is completely different and could revolutionize the way governments are funded in the future.”You can make everyday purchases and fast transfers, and receive income for betting with it. The DBX token is unique for 4 reasons:
Only 0.5 to 2.5 seconds are needed to transfer, exchange and mine coins.The information about transactions, balance and addresses are deleted automatically within a few seconds to ensure anonymity and security for each user.The amount of data exchange is small, that is why operations require low energy consumption.A number of various types and amounts of tokens are available for transactions.
Two-way exchange of digital assets is implemented on the platform from the ERC-20 to the Quark blockchain, and vice versa.Emission of tokens occurs within the blockchains. With the help of them, you can carry out operations with tokens through the DBX payment systems.
Great opportunities for investmentsYou don’t need to be a specialist in order to operate your assets on the DBX platform successfully. Also, you will not need to deposit funds in banks at a low interest rate. The project is aimed specifically at passive income. The system will provide decentralized smart dividends to investors. Both investors and trust funds will receive income from those dividends.PerspectiveThe developers of the platform made global plans for the project’s growth. The company is looking to open offices in 18 international cities including Tokyo, Zurich, Sydney, London, New York and other exchange capitals all over the world. The creators are sure that this will noticeably increase the interest for the platform.
According to preliminary predictions, the number of the audience will exceed ten millions users.From June to August of 2021, a token sale was held with two presale rounds at the cost of $0.0241 and $0.0321. In September, the IEO was held on the exchange Bitforex at the cost of $0.0642. A strategy for developing up to six places all over the world is planned for 2021.Moreover, the developers are about to launch the mobile version of the DBX ecosystem, which will function on any popular mobile platform. It will become an additional tool for mobile interaction with digital assets of users from all over the world.Bitcoin vs. Altcoins
BITCOIN VALUE AND PRICECRYPTOCURRENCY CRYPTOCURRENCY STRATEGY & EDUCATION
The 10 Most Important Cryptocurrencies Other Than BitcoinFACEBOOK
TWITTERLINKEDINBy LUKE CONWAY Updated September 16, 2021Reviewed by JULIUS MANSATABLE OF CONTENTSEXPAND
What Are Cryptocurrencies?Ethereum (ETH)
Litecoin (LTC)Cardano (ADA)
Polkadot (DOT)Bitcoin Cash (BCH)
Stellar (XLM)ChainlinkBinance Coin (BNB)Tether (USDT)
Monero (XMR)Why are cryptocurrencies important?
Why are there so many cryptocurrencies?What are some other important cryptocurrencies?
Why is Bitcoin still the most important cryptocurrency?Bitcoin has not only been just a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but also has become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
KEY TAKEAWAYSA cryptocurrency, broadly defined, is are a form of digital token or “coins” that exist on a distributed and decentralized ledger called a blockchain.Beyond that, the field of cryptocurrencies has expanded dramatically since Bitcoin was launched over a decade ago, and the next great digital token may be released tomorrow.Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity.
Other virtual currencies such as Ethereum are being used to create decentralized financial systems for those without access to traditional financial products.Some altcoins are being endorsed as they have newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms like proof-of-stake.
What Are Cryptocurrencies?Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.
The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases “shitcoins,” and have often tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies may have some impressive features that Bitcoin does not, matching the level of security that Bitcoin’s networks achieve largely has yet to be seen by an altcoin.