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Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...

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The Weird Relationship Between Ethereum’s Price And Vitalik Buterin

As Ethereum saw a 16% increase from a rally that took the coin to $3,000 on Monday, someone might have spotted an unusual link between Ether’s highs and times where the Ethereum Founder’s name, Vitalik Buterin, was trending on Google Searches worldwide. Ethereum And Google Trends “The last time Vitalik surged on Google Trends, $ETH pumped 2x from April-May,” a Twitter user noted while showing a recent surge of the founder’s name: To see if this could actually be taken into account as a possible indicator, we compared different moments in time in which Vitalik Buterin has surged on Google Trends and the price action that followed. In the following chart we can see the most relevant moments during 2022: And tracing back to 2021, we can further see this price action (yellow arrows still point at moments in which ‘Vitalik Buterin’ surged on Google Trends): But does it really mean the price has increased after people get interested in googling Vitalik? The trending searches most likely followed these news: Buterin revealing he has burnt 505 trillion SHIB tokens in January 2022; similar SHIBA related news in October 2021; earlier in the same month he trended after calling El Salvador’s decision of making Bitcoin a legal tender “reckless”; then on August of the same year, it was the five-year anniversary of Ethereum and he addressed several issues and the complexity of Ethereum 2.0; on May 2021 Vitalik became a billionaire as Ether hit $3k. The most recent spike in searches is most likely due to the article on Vitalik released by TIME Magazine, which features the Ethereum founder on the cover and is titled “The Prince of Crypto Has Concerns.” The article’s writer, Andre Chow, called him “one of the most fascinating and arguably important people on earth,” and on Vitalik’s side, he expressed several concerns about the decentralized finances (DeFi) and NFTs spaces. “Ultimately, the goal of crypto is not to play games with million-dollar pictures of monkeys, it’s to do things that accomplish meaningful effects in the real world.” After comments such as this one and the intriguing public figure of Vitalik (often portrayed as a myth of a modern genius), it is only natural for a spike on Google Searches. Related Reading | What This Pattern Spells For Ethereum In The Coming Weeks, Pullback In The Cards? However, going back to the possibility of this to push Ether’s price up 2x, we further noticed that for the mentioned April-May case there do not seem to be any big surges for Vitalik’s name until May 13th, which was already after Ether hit an all-time high of $3,456.57 around May 4. Alongside this uptrend of May 2021, it would be more relevant to take into account Bitcoin’s upward movement at the moment and a growing institutional interest in Ethereum. But Will ETH Go Up? As NewsBTC reported before, ETH is currently outperforming, and this is probably linked to the upcoming updates of the network as the Mainnet is ready to perform The Merge after it was recently deployed on the last testnet, meaning an official switch to proof-of-stake consensus. There has been a lot of excitement about reaching the final phase of these updates, and it is clear that as the final phase is set to begin around mid-2022, many people are paying attention to the network and its coin. Related Reading | Vitalik Buterin On How To Eliminate Ethereum Network Congestion And High Fees A pseudonymous trader noted that “ETH is currently at the resistance of $3040 which is an important level for ETH to break in order to rally higher. A rejection will drop the price back to $2.9k to $2.8k.” Moreover, there seems to be an inverse head and shoulders forming, and as the coin approaches the neckline, it will need an uptrend next week to trigger the bullish pattern. A downtrend remains possible. BTC Takes A Tumble? On a similar note, Blockware Solutions recently shared a chart that showed Google searches for ‘Bitcoin’ taking a tumble and tweeted: “While the rest of the world ignores Bitcoin, hodlers continue to stack the most scarce asset on the planet.” However, if we search ‘Bitcoin’ (the red line below) on the Google Trends analyzer and compare it to ‘Ethereum’ (the blue line), we see the following action:   And even if we add in ‘Vitalik Buterin’, ‘Bitcoin’ searches still seem to remain higher than anything Ethereum-related. Here we can see ‘Bitcoin’ represented by the blue line, ‘Ethereum’ by the yellow line, and ‘Vitalik Buterin’ by the red line.  

Shiba Inu ($SHIB) Loses Over 30,000 HODLers Amid Ongoing Whale Accumulation

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has seemingly lost over 30,000 holders overnight amid an ongoing whale accumulation that has seen the 50 richest SHIB addresses command 788.59% of the cryptocurrency’s supply. According to data from the Ethereum blockchain, provided by Etherscan and CoinMarketCap, the number of SHIB holders was set to hit 1.2 million […]

High Volatility Is On the Horizon

Bitcoin futures and options markets are pricing in higher volatility in the near future. Meanwhile, on-chain activity remains firmly in bear market territory, but continues to recover meaningfully.

Bitcoin HODLers, This is When BTC Price Will Hit 7-Digit Target! Buy The Dip Now !

Bitcoin realities

The post Bitcoin HODLers, This is When BTC Price Will Hit 7-Digit Target! Buy The Dip Now ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin is still consolidating around the $38K-$42K zone, with bulls attempting to push the price higher following the FED’s announcement of a 0.5 percent interest rate hike. Bitcoin’s price began to rise again above the $40,000 resistance level, testing $41,450. It is currently reversing gains near $41,000, but it might possibly continue to increase towards …

Shiba Inu Added to Crypto.com’s DeFi Wallet, Allowing HODLers to Earn Yield on Their $SHIB

The meme-inspired cryptocurrency Shiba Inu ($SHB) has been added to Crypto.com’s decentralized finance (DeFi) wallet, in a move that will effectively allow $SHIB token holders to earn interest on their holdings. According to a tweet Crypto.com shared, SHIB was added along with six other cryptocurrencies to the company’s DeFi wallet, including Aave ($AAVE), DAI ($DAI), […]

lala DeFi Launches High Yield Multiple Staking Pools

London, UK, Mar 15, 2022 - (ACN Newswire) - la2.finance (lala DeFi), a blockchain-based decentralized finance (DeFi) project, has officially launched its DeFi staking protocol, adding farming, staking, and liquidity providing functions in the near future for users thus allowing them to earn lucrative APY against their holdings. With the launch of the staking protocol, lala DeFi allows users of all levels of experience, whether a beginner or a veteran user, to get an advantage out of their cryptocurrencies while staking, all without the hassle of trading themselves.

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The lala DeFi Staking Protocol shares some basic concepts as Certified Deposit (CD), investors save their crypto-assets on the platform for a certain length of time, in exchange for high-yielding defined returns. This is a less volatile alternative for the average investors to approach cryptocurrency and makes it another income stream, just like how they do with conventional CDs (certified deposits).

What makes la2 Staking stand out is that it offers approximately 25-50% APY or even more, which conventional investments will find hard to match.

lala Pools

lala offers a variety of staking pools, with varying APY. It offers a staking protocol where users can stake into a particular pool of choice, which differs by the staking length and APYs. There are 4 main categories to choose from i.e. Child's Play, Safe Zone, Great Shark, and Giant Whale, each with varying risk and return margins.

With the Child's play investment option, users will be placing their tokens in a 1-year staking duration with an average yield of 25% APY. An option that's best catered towards new crypto users, to "test the waters".

While child's play offers a 1-year staking duration, the safe zone offers a 2-year staking duration with an average of 30% APY. The safe zone option targets investors who are used to traditional long-term investing, CDs, bonds, and equities.

Crypto Shark offers a 3-year staking duration with an average of 35% APY. This would be better suited for most veterans crypto users who are more used to the concept of hodling and are comfortable with not selling their cryptos regardless of market conditions.

The last category offers 4 years staking option with a massive average of 50% APY. This investment option is best suited for long-term investors who have no intention of selling their assets within the staked length. This will allow these investors to reap massive returns based on their hodling power.

Offering Stable Growth

The la2 Finance platform adopts an Early End Stake penalty for the stakers who end their staking contract prematurely. This discourages stakers from early termination. Additionally, by staking with la2.finance via lala Pools you will also be able to extract value of up to 50% APY and above all from your stakes without the risk of stagnant growth of the stablecoins and risk trading at a possible massive loss.

About la2.Finance

lala is a decentralized finance platform that allows beginner or veteran investors to gain lucrative APY without the hassle of investing or trading by themselves. The team behind la2 consists of technical experts who previously worked for large Internet enterprises with rich experience in blockchain development, senior research analysts who are deeply engaged in multiple blockchain projects, and have an in-depth understanding of the DeFi ecosystem, HODLers, and early investors of BTC and ETH. To learn more about la2.Finance, please visit: https://www.la2.finance. For the latest news and updates regarding lala DeFi, check out our lala Twitter at https://twitter.com/la2_finance. Additionally, you may also join our lala community over at https://t.me/la2finance.

Media Contact
Company: La Finance LTD
Contact: James Lobo
Email: support@la2.finance
Website: https://www.la2.finance/

SOURCE: La Finance LTD

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
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Cardano ($ADA) Founder on When the Next ‘Large Wave’ of DApps Will Come

Earlier today, Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, talked about when ADA HODLers can expect to see the next “large wave” of DApps. Hoskinson’s comments came in response to a tweet from Dr. Shweta, the owner and operator of KiBloc StakePools (KIBC1 […]

Short-Term Supply Dwindles

Bitcoin accumulation trends have softened in the short term, despite extremely constructive long-term demand trends. The potential energy for a capitulation event is in place, but is yet to manifest as it has in previous market cycles.

Number of Long-Term Cardano ($ADA) Holders Grew 32% in February: CryptoCompare Report

The number of addresses holding Cardano ($ADA) for the long-term has grown by 32.1% last month to 408,000, after growing by 10.9% in January and 5.78% in December, suggesting HODLers keep on accumulating the cryptocurrency. According to CryptoCompare’s latest Asset Report, the number of addresses holding ADA grew 5.9% to a new all-time high in […]

Bitcoin steadies as gold hits $2K, US dollar strongest since May 2020

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Surging commodities and a strong dollar add to stock traders' woes, with Goldman Sachs' former CEO wondering why crypto assets are not "having a moment."

Big Bank Musical Chairs: Examining Bitcoin Through A Lens Of Price Manipulation

Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.
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