The price of Bitcoin (BTC) ends the week hovering around the US$47,000 price level. Glassnode reported last week thlitecoin hashrate 3070at miners have gone into accumulation mode and are increasing their holdings of the asset instead of selling it. This indicates that miners, a key stakeholder in the bitcoin markets, are bullish about BTC’s future price prospects.
Great oppbittorrent coin vs siacoinortunities 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. AltcoinsBITCOIN VALUE AND PRICEAsian stocks were mixed on Tuesday as concerns persisted over Chinese property group Evergrande and its impact on the global markets.
Japan's Nikkei 225 index closed 2.2% lower, but Hong Kong's Hang Seng index regained earlier losses to end up 0.5%.There are concerns that Evergrande - a major Chinese property developer - is struggling to meet interest payments on more than $300bn of debts.Regulators have warned it could affect the country's financial system.Investors fear that this could hit big banks exposed to Evergrande and companies like it, causing contagion in global markets.
The jitters among the markets also come as the global economy is still recovering from the impact of the coronavirus.On Monday, the Dow Jones index in the US ended 1.8% lower. That followed similar falls in Europe, with Germany's Dax index losing 2.3%, and the Cac 40 in France down 1.7%.
Major stock exchanges in mainland China were closed on Monday and Tuesday for the annual mid-Autumn festival.Despite the recent falls, Japan's Nikkei is up by almost 30% compared to a year ago."The fear of an Evergrande bankruptcy appears to be leading to concern about China's very own Lehman [Brothers] moment, and a big overspill across the region," said Michael Hewson of CMC Markets.Investors are also nervous that the US Federal Reserve, which meets on Tuesday and Wednesday, will confirm plans to cut back support for the US economy this year.
Global stocks have rallied as economies reopen and central banks have provided trillions of dollars in support to boost growth.But there are concerns of a decline if support is taken away at a time when the Delta variant of coronavirus continues to drag on recovery.Strategists at Morgan Stanley said they expected a 10% correction in America's S&P 500 index as the Fed starts to unwind its support.They added that signs of a stalling recovery could deepen that slide to 20%.
However, other analysts played down fears of a rout, noting that September is typically a bad months for stocks."Overall, September continues to live up to its bad reputation as historically the weakest month of the year. But that doesn't mean it can't rebound," said JJ Kinahan, chief market strategist at TD Ameritrade.
And Lindsey Bell of Ally Invest said any pullback may be short-lived."Much of investing is about sorting through what's signal and what's noise," she said. "While there is concern about the Evergrande situation infecting global markets, for the long-term investor, this situation may just be noise."
Douyin, China’s version of TikTok, will limit use of the platform for children to 40 minutes a day.The rules will apply to users under 14, who have been authenticated using their real names, and who will be able to access it between 06:00 and 22:00.Parent company Bytedance announced the app’s Youth Mode in a blog post, saying it is the first short-video company in the industry to have these limits.It comes as China cracks down on teenagers' use of technology.According to Douyin's user agreement there is no minimum age on the platform, but under 18s must obtain the consent of a legal guardian. On sister app TikTok the minimum age is 13.New educational content - including science experiments, museum exhibitions and historical explainers - has been launched by Douyin as part of Youth Mode.
Analysis - Kerry Allen, BBC China media analystThese regulations on China's version of TikTok have been a long time coming.
For the last three years, official media has been warning that the growing amount of time young Chinese people are spending on the internet is having an impact on their physical and mental health.Data from social media agency We Are Social suggests that Chinese people frequently spend more than five hours a day online, two hours of which is on social media.
Although this data doesn't include those under the age of 16, online learning has been very present in young Chinese people's lives over the last year because of Covid-19. Added to that, official broadcaster CGTN says 95% of China's youth population is online nowadays - 183 million minors.Back in 2018, China's regulators said that they were seeking to limit the amount of time that minors spent online, because of rising levels of near-sightedness among children.
Douyin, much like TikTok, is particularly popular with young audiences, and so China's top regulator, the Cyberspace Administration of China, has urged it to "create a good cyberspace environment for the healthy development of young people".Back in 2019, Douyin and rival service Kuaishou began trialling "anti-addiction measures". They introduced child locks, and experimented with functions that could limit the amount of time children spent on these platforms.Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia.Existing Binance users in Australia will have 90 days to reduce and close their positions for products like cryptocurrency futures, options and leveraged tokens, the exchange announced Sept. 20.
Effective from Friday, Australian users will no longer be able to increase or open new positions for derivatives products on Binance. Users will still be able to top-up their margin balances to prevent liquidations and margin calls, the announcement notes.After Dec. 23, Binance users in Australia will no longer be able to manually reduce or close their positions as all remaining open positions will be closed.
“We are committed to our industry for the long term and we want to ensure our product offerings are welcomed by users and local regulators,” a spokesperson for Binance told Cointelegraph. “We also monitor local regulatory requirements across different markets as Binance operates globally. We want to ensure the process for any transition we make is not disruptive,” the representative added.Related: Binance limits SGD product offerings in Singapore amid regulatory warnings
Binance’s latest trading suspensions in Australia follow a series of similar restrictions in other countries amid the exchange facing several warnings from multiple global regulators. In August, Binance reportedly halted crypto derivatives trading in Brazil, following similar suspensions on its Hong Kong operations. Previously, Binance suspended derivatives trading for users in Germany, Italy and the Netherlands as part of its broader plans to cease these products across Europe.Sorare, a marketplace for nonfungible token (NFT) trading cards, has raised $680 million in a Series B funding round led by Japanese fintech giant SoftBank, resulting in a revised valuation of $4.3 billion for the platform. According to the company, the latest funding will help expand Sorare’s portfolio of football player NFTs by partnering with more football leagues and associations.
In early September, the French NFT-based trading platform secured its first soccer league partnership with La Liga in addition to having NFT collaborations with PSG, Liverpool and other top-tier soccer teams. Sorare also plans to diversify its NFT-based portfolio offerings to other fantasy sports.Existing investors and high-profile business angels participated in the funding, including Benchmark, Accel and Headline. New investors include Atomico, Bessemer Venture Partners, D1 Capital, Eurazeo, IVP and LionTree.In July, SoftBank had led a $532 million funding round for Sorare. However, Sorare CEO Nicolas Julia denied the funding claims, which was initially fueled by insider information.Related: NFL reportedly bans teams from crypto advertisements and NFT sales
Although the football community has readily accepted the NFT marketplace, the United States National Football League (NFL) has recently barred teams and members from participating in NFTs or any other form of crypto-related partnerships.An anonymous NFL member said that the new guidelines prohibit clubs from selling, promoting and advertising blockchain and digital assets in any form until further notice.
In addition, mainstream fintechs such as Visa have described NFTs as a promising medium for fan engagement as the market registered $2.5 billion in sales during the first half of 2021.The crypto markets and the U.S. equity markets sold off on Sept. 20 on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets.
When the sentiment is bearish, traders dump positions that 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.