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Cryptocurrency spin-offs added to the BNB Chain Red Alarm flag list – The Financial Express

Binance Coin (BNB) Chain, a blockchain network created by cryptocurrency exchange Binance, has identified over 50 on-chain projects which carries a risk for its users, as stated by Cointelegraph.

According to Cointelegraph, a mixture of cryptocurrency spin-offs resembling Dogecoin (DOGE), Binance, among others, aimed at pandas, cyborgs, and koalas made it to the list of untrustworthy and high-risk projects. BNB Chains Red Alarm feature, created for the purpose to shield investors against potential rug pulls and scams, flags projects are based on the criterias such as if the contract performs differently from what the project owners advertised and if the contract shows risks that can have an effect users funds.

On the basis of data from Cointelegraph, as mentioned by Gwendolyn Regina, investment director, BNB Chain, the Red Alarm system went through 3,300 contracts in July. The company continues to develop further measures for highlighting deceptive practices in the ecosystem, she added. New projects which have not been tried and tested enough, are flagged on the grounds of scams, rug pulls and phishing. As a result, real-time identification of risky projects helps to protect investor funds. Red Alarm also allows users to assess project risks by entering the contract address to discover if it has got frauds or risks attached.

Moreover, information from Cointelegraph noted that Regina advised investors to conduct their separete research before engaging with projects within the BNB Chain ecosystem. Just like investors, well-intentioned projects are too considerable susceptible to attacks and scams. Trading and liquidity marketplace Velodrome Finance was able to recover $350,000 of lost funds, after being able to trace back the attack to one of its team members. While support was shown by many of the community members for the coder, Gabagool owned up the allegations made against him. Later, Velodrome unveiled that it sought the advice of a legal counsel to determine the next steps necessary.

(With insights from Cointelegraph)

Also Read: US Treasury expected to be challenged by Coin Center on Tornado Cash sanctions

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What the Inflation Reduction Act Means for Cryptocurrency Regulation – CPAPracticeAdvisor.com

Jan Jahosky, Ledgible.

For the crypto industry, many are looking for 2022 to be the year of comprehensive regulatory and legislative clarity regarding crypto assets for the United States. Indeed, President Bidens Executive Order earlier this year actually mandated and directed federal agencies to provide this kind of clear, ordered, and meaningful guidance.

Weve seen in the past that parts and pieces of legislation that most would not consider crypto-focused sometimes actually contain very meaningful laws affecting the crypto ecosystem. For instance, the Infrastructure Act, signed into law last year, has changes in the definition of broker that will fundamentally mandate tax information reporting for many companies involved in the transacting of crypto. Now, yet another piece of legislation has appeared in headlines that would not appear to involve crypto assets, but actually does.

The Senate has now passed the Inflation Reduction Act which has a number of sweeping changes in a wide variety of areas of the federal government, including the Internal Revenue Service.

As part of the Act, the IRS is receiving an allocation of approximately 80 billion dollars over the next 10 years. To put that into perspective, the IRS yearly budget is approximately $12.6 billion dollars for 2022, so this represents almost a 75% increase on a yearly basis. Simply put, a tremendous increase in spending on IRS operations and activities.

In terms of the uses for the billions of dollars, you might ask what is the IRS going to be using these funds for? The answer is that the largest amount of funding will be going to the efforts of compliance and enforcement. That could mean greatly increasing the level and number of audits performed and the number of audit candidates pursued by the Service.

Here is an excerpt from the relevant section from the act describing the IRS activities for the 80 billion dollars. One very interesting item to note in this section is the explicit call out for Digital Asset monitoring and compliance activities in short crypto enforcement.

(ii) ENFORCEMENT.For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations (including investigative technology), to provide digital asset monitoring and compliance activities,

How and when these directives get implemented still remains to be seen. However, with this amount of funding and the naming of digital assets in the Act, it seems clear that individuals and institutional investors alike need to be even more certain about all tax obligations relating to their digital asset activities.

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UConn’s New Multidisciplinary Data Science Master’s Starts this Fall, with Focus on Ethics – UConn Today – UConn

From online streaming to health care systems, from retailers to researchers, the demand for knowledgeable and skilled data scientists has never been greater.

UConn has stepped up to meet the need with the launch of a new multidisciplinary Masters in Data Science program and an inaugural full-time cohort of 20 students starting in the upcoming Fall 2022 semester.

The demand has been nothing short of extraordinary, says Peter Diplock, UConns associate vice-provost for the Center for Excellence in Teaching and Learning and co-director of the masters program.

Based on the Storrs campus, the 11-month and 30-credit program draws from faculty expertise in five of UConns schools and colleges: the College of Agriculture, Health and Natural Resources; the School of Business; the School of Engineering; the College of Liberal Arts & Sciences; and the Neag School of Education.

Beyond the 18 credit multidisciplinary core curriculum which includes a strong focus on ethics as well as design, programming, machine learning, and data analysis students can choose from 12 different areas of concentration within the program that range from bioinformatics to cybersecurity to social and behavioral analytics.

Although the core set of knowledge for students who are interested in applying data science to something like marketing are the same as someone who would apply it to health informatics, the way in which its applied, the way you get the data, the way you deal with the data, the way you interpret the data once its collected, is going to be different for somebody whos doing marketing than somebody whos doing health informatics, explains Kent Holsinger, UConns vice provost for graduate education, dean of The Graduate School, and co-director of the masters program.

The interest has been extraordinary, and the diversity of students interested has been affirming. Peter Diplock, Associate Vice Provost

We wanted to make sure that students had a good, solid foundation in the fundamentals of data science, Holsinger says, with the opportunity to specialize in areas that were of particular interest to them and for pursuing careers.

All students in the new masters program will complete a team-based capstone project, where theyll work to solve a real-world problem and develop practical skills through an experiential learning opportunity.

Were cultivating opportunities to work with employers in the state of Connecticut, and in the region and beyond, on projects messy, sticky problems that are characteristic of the kind of projects employers face daily, Diplock says. These projects are critically important for students to be able to develop key competencies of practice related to data integrity and quality, surfacing assumptions, iterative model building, and communicating insights and impacts.

While the initial cohort will partake in an in-person program, the University plans to launch a parallel and fully online program in Fall 2023, designed for people who are working but interesting in enhancing their skills or pivoting in their career.

The interest has been extraordinary, and the diversity of students interested has also been affirming, says Diplock. When we envisioned this program, we thought about a student who has an undergraduate degree in economics, or in education, or in business, or in fine arts, or in history, or physics or computer science. When I say its been affirming, its because were seen exactly that, where the students who are attracted this program come from diverse prior academic backgrounds.

Planning for the new program began four years ago, when Diplock who, in his role with the University, works to take program ideas, research them, shape them, and bring them to life received two proposals from two different department heads about launching new programs in data science. He engaged a diverse faculty team to explore the concept, to connect with industry, and to really learn what knowledge skills and abilities employers needed from data science graduates.

It was at a time when there was a lot around data analytics, but data science was really just emerging as a sort of distinct field, he explains, and as I came to understand the space better, I became more convinced that it was truly a multidisciplinary space. In our program, the extent to which we have embraced and intentionally sought out a multidisciplinary approach is unique.

As is the programs focus on ethics while all students in the program must complete a dedicated two-credit course in data ethics, ethical concepts have been intentionally woven throughout all elements of the curriculum.

Its really vital when people are dealing with data, especially these enormous datasets that are now available and widely used, that they be very careful in thinking about how the data were collected, what biases may have been incorporated into collecting the data itself, and then what biases could arise from employing different algorithms, says Holsinger.

Models will by their nature be imprecise, Diplock says, and we owe it to people to make sure that our students have a deep understanding of what the ethical implications are of the models that theyre building and to be able to take those conversations head-on, as opposed to sidestepping.

For more information about UConns new Masters (MS) in Data Science program, visit masters.datascience.uconn.edu.

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Remote Job Options in the Life Science Industry – BioSpace

With the remote-work revolution in full swing, there has never been a better time to find a solid opportunity to ditch the commute and earn a great living from the comfort of your own home

Life sciences professionals are finding that they no longer need to be tied to a specific location in order to have a successful career. Also,companies are finding out that remote workers are often more productive than their on-site counterparts, and are offering more remote job options as a result.

Some may think that science-based positions have to be based in a lab, but with recent advancements in technology, there are myriad choices available. To help you in your job search, here are just a few of the remote job options in the life science industry.

The field of data science is one that is rapidly growing and offers many opportunities for life science professionals to work remotely. Data scientists are responsible for analyzing and interpreting data to help organizations make better decisions. They use their skills in mathematics, statistics, and computer science to find trends and patterns in data sets.

If you are a life science professional with strong skills in data analysis and interpretation, then a career in data science may be the perfect fit for you. Many data science jobs can be done remotely, giving you the flexibility to work from anywhere in the world.

A bachelor's degree in data science or a related field is typically required for most entry-level data science jobs. However, there are also many positions that do not require formal education such as data analyst or data entry positions. These positions may not pay as much as other data science jobs, but they can provide a good entry point into the field as you familiarize yourself with the work.

Bioinformatics is a relatively new field that combines biology and computer science. Bioinformaticians use computer algorithms to analyze and interpret biological data. They often work on projects such as genome sequencing or developing new ways to store and process biological data.

For a position as a Bioinformatician, most employers will require at least a bachelor's degree in bioinformatics or a related field such as computer science or biology. As far as soft-skills go, being able to effectively communicate with both biologists and computer scientists is essential for success in this field.

As a regulatory affairs specialist, you will be responsible for ensuring that all products comply with government regulations. You will work with different departments within a company to develop and implement regulatory strategies. This is a great job for those who have a background in science and are interested in working with different government regulations in order to ensure product safety.

In order to be a successful regulatory affairs specialist, you will need to have excellent communication skills, be highly organized, and have strong attention to detail. Employers for these positions are looking for candidates who have a minimum of a bachelors degree in science, although many regulatory affairs specialists have a masters degree or higher.

Medical writing is a great option for those with a background in life sciences. As a medical writer, you will be responsible for creating content for various medical publications. This can include anything from patient education materials to scientific journal articles. Medical writers are in high demand and as a result, there is a great deal of opportunity to work remotely.

Employers of this type of worker typically look for individuals with a degree in life sciences as well as superb writing skills. For technical medical documents, such as journal articles, employers may also require that applicants have experience working with the specific software used to format these types of publications.

It's also important to be able to work independently and meet deadlines. If this sounds like you, then a career in medical writing could be the perfect fit.

As a Salesforce administrator, you will be responsible for managing the company's customer relationship management (CRM) system. This system is used by sales and marketing teams to track customer interactions and manage leads. You will need to have a strong understanding of Salesforce and be able to configure it to meet the specific needs of your company.

The qualifications for this position include a bachelor's degree in business administration or a related field, as well as experience working with Salesforce. In addition, it's also beneficial to have experience working in the life sciences industry.

A clinical research associate (CRA) is responsible for overseeing clinical trials and ensuring that they are conducted according to protocol. As a CRA, you will be working with both pharmaceutical companies and research institutes to help develop new drugs and treatments.

While the job of a CRA can be demanding, it is also very rewarding as you will be playing a vital role in the development of new life-saving medicines. And, because CRAs can work remotely, you will have the flexibility to work from anywhere in the world.

To become a CRA, you will need at least a bachelors degree in a life science-related field such as biology, chemistry, or nursing. Some employers may also require you to have several years of experience working in the clinical research field.

In general, there are many different types of jobs available for life science professionals. And, thanks to the internet, many of these jobs can be done remotely - especially if it involves writing, data, or administration. So if you want a good work-life balance in addition to exercising your skillset in the life sciences field, just know that you have plenty of options!

Of course, these are just a few examples, and there are many other remote job options available for those with a background in life sciences. To see more remote job options for life science professionals, visit BioSpace's industry-specific job board.

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Carolina welcomes 7 new deans – The Well : The Well – The Well

As the 2022 fall semester begins, Carolina welcomes an unprecedented seven new deans. These academic leaders, all standouts in their fields, bring a world of knowledge and experience to campus. Heres a snapshot of the group.

Title:Inaugural dean of the School of Data Science and Society.

Additional roles: Professor in the College of Arts and Sciences computer science department and associate director of informatics and data science in the North Carolina Translational and Clinical Sciences Institute.

Starting date: July 1.

Degrees: Doctorate in electrical and computer engineering from Clemson University, masters and bachelors degrees in electrical engineering from Virginia Polytechnic Institute and State University.

Previous position: Director of Renaissance Computing Institute, a collaboration among Carolina, North Carolina State University and Duke University.

Select career achievements: Through $34.5 million in funding in the last five years, Ahalt has positioned RENCI and Carolina as a national leader in the coordination of large, collaborative and complex federal data science grants. In his early years as director of RENCI, Ahalt was instrumental in launching two major data science initiatives: The National Consortium for Data Science, a public-private partnership to address big data challenges and opportunities in research and business, and iRODS, an effort to develop a branch of the popular integrated Rule-Oriented Data System as enterprise-quality software, complete with rigorous testing and a robust, feature-rich code base.

Title: Dean of the Adams School of Dentistry.

Additional role: Claude A. Adams Distinguished Professor.

Starting date: Oct. 15.

Degrees: Periodontal certificate and doctorate in cellular and structural biology from the University of Texas Health Science Center at San Antonio, doctor of dental surgery from the University of Iowa College of Dentistry, bachelors degree from Northwestern College, associate degree in dental hygiene from the University of South Dakota.

Current position: Dean of the College of Dentistry at the University of Nebraska Medical Center.

Select career achievements: In her current position at the University of Nebraska Medical Center, Guthmiller leads dental programs that serve over 300 students on five campuses across 500 miles. Under her leadership, the College of Dentistry launched two new educational programs to meet the needs of todays students and built and renovated numerous facilities to foster cutting-edge teaching and learning and delivery of patient care. A strong advocate for public service, Guthmiller serves as the principal investigator on a $4 million contract from the State of Nebraska to increase oral health services to underserved citizens of Nebraska and encourage graduates to practice in underserved rural areas.

She returns to the Adams School, where she served as associate dean of academic affairs and professor of periodontology, overseeing all dental educational programs, faculty development and student admissions and affairs from 2007-2014.

Predecessor: Scott De Rossi.

Title:Dean of the School of Nursing.

Starting date: Aug. 1.

Degrees: Doctorate in higher education administration and a master of science in nursing education from the University of Pittsburgh, bachelor of science in nursing from Indiana University of Pennsylvania.

Previous position: Vice dean for academic affairs and a clinical professor in the School of Nursing at Duke University.

Select career achievements: At Duke, Howard was responsible for the development, implementation and evaluation of four academic degree programs and 20 specialties and certificate programs, many of which are ranked first or second in the nation by U.S. News and World Report. She oversaw admissions, course quality, program accreditation and support services that served the schools 1,150 students. In addition, she implemented numerous initiatives focused on academic excellence, including supporting innovation and faculty development in teaching, adopting new standards for online education and launching a student success center.

Howard leads the North Carolina Future of Nursing Action Coalition, a volunteer organization focused on improving health equity across the state in response to the National Academy of Medicines Future of Nursing Recommendations.

Predecessor: Nilda Nena Peragallo Montano.

Title: Dean of The Graduate School.

Additional role: Cary C. Boshamer Distinguished Professor of Nutrition and Medicine.

Starting date: Sept. 1.

Degrees: Doctorate in epidemiology from the University of California, Berkeley; master of science in public health from the University of Colorado School of Medicine; bachelor of science in dietetics from the University of Tennessee.

Current position: Chair of the department of nutrition and director of the UNC Nutrition Obesity Research Center at the Gillings School of Global Public Health.

Select career achievements: Mayer-Davis has prioritized faculty success and helped create an environment for faculty to thrive. At Gillings, she implemented a mentoring program, established a committee to nominate faculty for academic awards and aligned her colleagues professional development interests to their committee service in the department. An accomplished scholar, she was principal investigator for the Carolina clinical site of the landmark SEARCH for Diabetes in Youth study and served for more than 15 years as co-chairperson for this large multi-center study. Mayer-Davis is also co-principal investigator for the Carolina clinical site of the Nutrition for Precision Health study.

Predecessor: Suzanne Barbour.

Title: Dean of the UNC Gillings School of Global Public Health.

Additional role: Bryson Distinguished Professor in Public Health.

Starting date: Sept. 1.

Degrees: Doctor of medicine from the University of Chicago School of Medicine and internal medicine residency training at the University of Pennsylvania, bachelors degree from the University of Pennsylvania.

Current position: Executive director for Pandemic Prevention and Health Systems at the Skoll Foundation.

Select career achievements: Messonnier spent the bulk of her career at the Centers for Disease Control and Prevention, where her many accomplishments include leadership roles in developing and implementing a low-cost vaccine to prevent epidemic meningitis in Africa; in responding to the 2001 anthrax attacks; and in promoting vaccine confidence and addressing disparities in immunization coverage. Messonnier led the CDCs National Center for Immunization and Respiratory Diseases and its response to an unknown respiratory disease in China in late 2019 and then to the COVID-19 pandemic. She served as the CDCs chief architect of the COVID-19 vaccine implementation program and helped develop, evaluate and distribute COVID-19 vaccines across the United States.

Predecessor: Barbara Rimer.

Title: Dean of the Hussman School of Journalism and Media.

Starting date: July 1.

Degrees: Doctorate in communication and society from the University of Oregon, master of science in journalism and mass communication from Kansas State University, bachelors degree in mass communications from Universidade Federal do Par in Brazil.

Previous position: Dean and professor of the School of Communication at Emerson College.

Select career achievements: At Emerson, a college dedicated to communications and the arts, Reis oversaw the design and implementation of 10 of the schools 18 undergraduate and graduate degree programs, several of them ranked nationally among the best degree programs in their fields. Under his leadership, School of Communication enrollment grew significantly. In 2021, nearly half the 5,100-student body was enrolled in the school, up from 27% five years before. In turn, Reis hired 38 full-time faculty over five years, recruiting diverse expertise in new and innovative fields.

Predecessor: Susan King.

Title: Craver Family Dean of the College of Arts and Sciences.

Starting date: July 1.

Degrees: Masters and doctorate in geological sciences from Columbia University, bachelors degree in chemistry from Florida State University.

Previous job: Acting dean and professor in the College of Arts and Sciences at the University of Colorado Boulder.

Select career achievements: At CU-Boulder, White reimagined the colleges work to recruit in-state students from underrepresented groups. He oversaw an administrative reorganization with the goal of better serving nearly 17,000 undergraduate students. He created and launched a partnership between the university and leading Native American degree-granting institutions in Colorado to enhance undergraduate experiences and establish a supportive community. Under Whites leadership, the college more than doubled the total financial gifts received, further enabling it to meet present and anticipated student and faculty needs. In four and a half years as acting dean, White bolstered the colleges representation of a diverse faculty. During his tenure, 50% of senior academic leaders in the college identified as women and more than half the faculty identify as being from underrepresented groups, including 20% Black and 20% Latino. Heeding recommendations from faculty, White created the first-ever associate dean for inclusive practice at the college.

White was elected to the American Association for the Advancement of Science in 2014.

Predecessor: Terry Rhodes.

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IQVIA Wins Snowflake’s Marketplace Healthcare and Life Sciences Partner of the Year Award – Business Wire

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--IQVIA (NYSE:IQV), a leading global provider of advanced analytics, technology solutions and contract services to the life sciences industry, today announced it has been named the 2022 Marketplace Healthcare and Life Sciences Partner of the Year by Snowflake, the Data Cloud company.

IQVIA was recognized for its achievements in leveraging the Snowflake Data Cloud for IQVIAs Data-as-a-Service (DaaS) solution, giving customers quick access to searchable global healthcare information.

IQVIA and Snowflakes collaboration brings together health and life sciences leading analytics assets, said Avinob Roy, IQVIA vice president and general manager, Global Information Management. The combination of these technologies provides clients with faster insights that drive healthcare forward and accelerate improvements in healthcare outcomes.

Utilizing Snowflake technology, IQVIA DaaS eliminates the need for data transformation, thereby providing IQVIA customers the ability to gain insights faster from a centralized hosting and data management solution. This collaboration also enables customers to quickly and cost-effectively access centrally located information assets from multiple sources in a standardized structure, answer business questions, and reduce the need for costly multi-system integrations.

IQVIA and Snowflake have made meaningful strides together in the healthcare and life sciences space, working toward helping our customers meaningfully apply their data, said Kieran Kennedy, Head of Marketplace, Snowflake. This award was well-earned by IQVIA, and were excited to continue our journey together to further support IQVIAs commitment to public health through human data science.

Learn more about the value of IQVIA and Snowflake here.

About IQVIA

IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence delivers powerful insights with speed and agility enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 82,000 employees, IQVIA conducts operations in more than 100 countries.

IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIAs insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors, and scientific advances, in an effort to advance their path toward cures. To learn more, visit http://www.iqvia.com.

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Altcoin Season 2022: Is This the Beginning of Big Gains for Alts? – BeInCrypto

Altcoin enthusiasts have experienced a lot of suffering in 2022. Not only has the BTC price fallen drastically over the past 10 months, but the valuation of most altcoins against Bitcoin has also collapsed sharply.

Everyone is asking the question: When is the altcoin season 2022? In todays analysis, BeInCrypto addresses this issue by looking at the chart of altcoin market capitalization, altcoin season indicators, and the valuation of ETH against BTC. As a result, it appears that perhaps the worst period for altcoins is over, and the market stands on the verge of a massive altcoin season in 2022.

If we look at the chart of the altcoin market capitalization (TOTAL2), we see that it has been generating only green candles for the past 6 weeks. This probably means that we are currently in the first wave of an upward impulse, which began with a bottom at $427.5 billion on June 18, 2022. So far, altcoin market capitalization has increased by almost 60%, reaching a peak of $693 billion.

However, prior to that, altcoins, like the BTC market, experienced a sharp decline from the all-time high (ATH) of $1.7 trillion on November 10, 2021. Since then, the altcoin index has fallen along a descending resistance line (blue) and has been repeatedly rejected by it (red circles).

Then, in March, TOTAL2 broke out of this line (green arrow), suggesting that the altcoin season 2022 had begun. The rise did not last long, however, as just three weeks later the index reached a local peak at $1.27 trillion and began an accelerated decline.

It led to reaching the aforementioned June low. This time the blue resistance line turned into support (R/S flip) and had already been validated twice. However, before that, there was a significant breakdown from the long-term support line, which had been in place since February 2021 (orange line and arrow).

Currently, the line is expected to act as resistance and is currently located at around $1.05 trillion. In addition, it is near the 0.5 Fib retracement level, measured for the entire drop from the ATH.

Cryptocurrency market analyst @StockmoneyL tweeted a 5-day chart of TOTAL2. He compares the fractals of the current altcoin market and the 2018-2021 period with each other. The analyst points out the analogous structure, which in the coming weeks could lead to large increases and a booming altcoin season in 2022. Interestingly, if the fractal were to repeat again, the nearest resistance would be around $1 trillion.

The analysis of the altcoin market capitalization chart and the similarities with the previous cycle are not the only reasons behind the continuation of altcoin price increases. According to data from BlockchainCenter, the altcoin season 2022 has just begun.

Their daily updated altcoin season chart indicates that the index entered altcoin dominance territory in early August. As we read on their website:

If 75% of the Top 50 coins performed better than Bitcoin over the last season (90 days) it is Altcoin Season.

On August 10, the altcoin season index they created recorded a near-maximum value of 98. These levels have not been seen since the April-June 2021 period. Thus, if the index remains above the value of 75 for the next few weeks, we may experience a strong altcoin season 2022 in the near future.

In addition, the site posts an overview of the TOP 50 cryptocurrencies for the last 90 days and compares them with the change in Bitcoins price. It turns out that BTC lost -20.2% in the ongoing season, while most altcoins recorded increases or lost less.

Among the leaders are CEL (342%), ETC (109%), UNI (71%) and LINK (20%). Also, some of the largest projects were ahead of Bitcoin, even though they experienced declines, such as ADA (-3.1%), ETH (-5.5%) and XRP (-12.6%).

Another indicator of a potential altcoin season in 2022 is the performance of Ethereum (ETH), which is the largest altcoin, against BTC. The technical analysis of Ethereum against the USD indicates that there has been a dynamic rise in the ETH price in recent weeks. In addition, it is possible that the RSI has made a breakout from the long-term resistance line and may continue to rise all the way to the $2100 level.

If we now look at the relation to BTC, the weekly chart provides an even more bullish perspective. ETH/BTC has been rising since the bottom at 0.05 BTC, which previously served as resistance. Validation of this area was a bullish signal that initiated the ongoing rise.

Currently, ETH is at 0.081 BTC, rising 66% from the aforementioned low. Moreover, this weeks large green candle led to a breakout above the resistance area at 0.075 BTC (red line), which had previously repeatedly rejected the price (blue arrows).

Technical indicators confirm the initiation of a bullish trend. The RSI has broken out both above the falling resistance line (blue) and the 50 level. Meanwhile, the MACD has recently made a bullish cross and is generating increasingly higher bars of upward momentum. All these developments are strong signals for continued upward momentum.

Cryptocurrency analyst @el_crypto_prof has drawn a monthly chart of ETH/BTC, in which he suggests that we are on the verge of a huge increase in Ethereums valuation against Bitcoin. He pointed out parallels in the fractals of historical upward waves, stating that todays price action corresponds to the period of early 2017 (orange ellipses).

According to his prediction, ETH could see a 379% rise from the bottom in the coming months and reach 0.25 BTC. If this is indeed to be the case, Ethereums rise would be a powerful catalyst for altcoin season 2022.

For Be[In]Cryptos latest Bitcoin (BTC) analysis, click here.

DisclaimerAll the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Ethereum-Based Altcoin Explodes 750% in Just Two Months, Outrunning Bitcoin and Crypto Markets – The Daily Hodl

An Ethereum (ETH)-based altcoin ranking among the top 100 crypto assets by market cap is up by triple digits over the past 30 days.

Celsius Network (CEL), a utility token on the Ethereum blockchain for the beleaguered centralized finance platform by the same name, is up by 223% since July 12th when the token closed the day at $0.735.

CEL is trading at $2.38 at time of writing and is ranked 60th by market cap.

Over a two-month period, CEL is up by 750% from a 2022 low of $0.28 reached in mid-June after the platform encountered liquidity challenges and halted withdrawals. Celsius Network filed for bankruptcy last month.

The recovery in the CEL tokens price coincides with Reuters reporting Wednesday that payments firm Ripple Labs is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network.

A Ripple spokesperson told Reuters on Wednesday that the payments firm was keen on conducting a feasibility study on the platform.

We are interested in learning about Celsius and its assets, and whether any could be relevant to our business.

The recovery in the CEL token price has also coincided with Celsius Network revealing how it would proceed with the bankruptcy process.

Last month the platform opened the door for customers to file claims through its claims agent Stretto.

Celsius Network also revealed it would allow its customers to get compensated either in cash or to retain their crypto holdings.

We intend to file a plan that will provide customers with an option to remain long crypto.

Customers can now file a notice of a claim with Stretto.

Generated Image: StableDiffusion

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Crypto market wrap: Altcoin prices in the red as market dips – Capital.com

Flecoin and other altcoins were in the red on Tuesday as the dog days of summer continuted. - Photo: Shutterstock

Altcoin prices were in the red Tuesday as cryptocurrency investors appeared to take a mid-week holiday.

But there was only one notable, and predictable, crypto loss as the sector continued to endure the dog days of summer. Meanwhile, crypto exchange operator Coinbase (COIN) also saw its stock price take a hit after the companys earnings report missed analyst expectations.

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The beleaguered Celsius Network coin (CEL) was the hardest hit, falling 21% during typical North American trading hours. (All price figures based on CoinMarketCap data.)

But CELs decline was not a huge surprise. The coin has faced extreme volatility at times since its value imploded in wake of the Celsius Networks financial collapse and subsequent move into bankruptcy protection.

The financial troubles of Celsius, Voyager and Three Arrows, also known as 3AC, contributed largely to a cryptocurrency price meltdown in June and July. Voyager and Three Arrows have also filed for bankruptcy.

All three companies were hammered by the collapses of related coins LUNA and TerraUSD.

Coinbases stock closed down approximately 10.6% on the NASDAQ Global Select Market. But the loss receded in after-hours trading.

Coinbase reported Tuesday that the number of monthly transacting users (MTUs), a key metric, declined XX% quarter-over-quarter to nine million from 9.2 million.

MTUs are expected to decline further over the rest of the year, average seven million to nine billion for 2022.

Coinbases decline came a day after Ark Investment Management CEO Cathie Wood, a closely watched investor, revealed that the company had sold roughly 1.3million worth of the exchanges operators shares valued at $75m on 26 July.

Wood told Bloomberg TV that Ark made the move due to regulatory uncertainty in the crypto sector. The sell-off came after the US Securities and Exchange Commission (SEC) deemed some tokens traded on Coinbase to be securities.

SEC chief Gary Gensler has taken a hard stance against cryptocurrencies, making it clear that he regards them as securities. The regulator and Ripple, backer of the XRP coin, are locked in a bitter court case that could determine how digital assets are governed.

Bitcoin (BTC) stayed in the red all day Tuesday, shedding about 3.5%. But the worlds most valuable crypto asset remained above $23,000.

On Monday, Michael Novogratz, the billionaire founder of Galaxy Digital, told Bloomberg TV that he expects bitcoin to stay within its recent price range.

Will Bitcoin get through $30,000 on this move up? We will see Im doubtful, he said. I think were going to probably be in this range now. I quite frankly would be happy if were in a $20,000, $22,000 or $30,000 range for a while.

Novogratz noted that the crypto market has not received significant inflows of institutional investment capital. Were not seeing huge institutional flows, to be fair, but were not seeing anyone back away.

Ether (ETH), the main coin of the Ethereum blockchain, fared slightly worse than bitcoin, falling 4%

Relative unknown filecoin (FIL) dropped 10% and Stellar (XLM) was down 9% after gaining by that amount on Monday. But such declines are typical of virtually any given day.

On the whole, the crypto market was down about 3%, according to crypto investment and trading firm Structure. The crypto sector outperformed stocks, which were down about 4%.

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Crypto market wrap: Altcoin prices in the red as market dips - Capital.com

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How long until TRX investors notice what the altcoin is missing out on – AMBCrypto News

As the markets crypto-assets get on board with Ethereums pump, Trons TRX continues to falter. In fact, according to CoinMarketCap, TRX is among the leading tokens to register losses over the week. While the altcoin has dropped by a mere 0.25% over the past week, other assets have surged to prominence.

This consolidation further highlights the state of TRX in recent days, especially after it flashed recovery trends in July. At the time of writing, it was trading at $0.07 after receiving a late push from bull activity on 13 August.

Despite TRXs performances, Trons ecosystem continues to develop in the limelight. And, whats even more interesting is that the crypto-community is beginning to notice it. As per Lunar Crush, TRX was among the top-10 trending searches on the platform. However, this development was not reflected on the Social Dominance metric.

In fact, the metric has failed to a see a spike since a mega hit on 26 July, with the same continuing to range around 0.325%.

Tron also compiled a list of weekly updates recently which included development updates for the network. According to this update, Trons network has joined hands with Travala and Wintermute to further expand the ecosystem. These alliances aim to push Trons growth to new heights in the coming months.

Moreover, TRX was ranked first in a list of top-10 most voted and popular blockchain platform projects published by CoinMarketLeague.

Tron Scan also shared an update about the increasing stablecoin activity on the Tron network. As per the tweet, the average daily transfer volume of stablecoins on Tron reached $7.15 billion between 5-11 August. Additionally, the amount stored in DeFi TVL on Tron hiked by over 1% in 24 hours to amount to $11.6 billion.

Despite these advances, however, daily transactions on Tron are not noting an incline. Towards the start of August, daily transactions were clocked at around 5.1 million, with the same growing gradually since. As per Tron Scan, transactions hit the 5.2 million-mark, showing only modest increases, with the same fluctuating wildly over the last two weeks.

Where does Tron head from here? While network developments continue to headline Justin Suns vision, TRX should be making the most of this recovery rally. However, this has not been the case so far. It wouldnt be long until investors take notice of it.

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How long until TRX investors notice what the altcoin is missing out on - AMBCrypto News

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