Cronos kicks off the Spring Odyssey campaign on Galxe, giving participants a chance to claim part of $35,000 in token prizes and NFTs.
The post Cronos and Galxe team up for Spring Odyssey campaign with $35,000 in token prizes appeared first on Crypto Briefing.
Google’s BigQuery added 11 new public datasets for blockchain networks, allowing users to obtain a variety of data from these networks.
Google Cloud’s BigQuery service just added 11 blockchains networks to its data warehouse, according to a September 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron.
We're enhancing our #blockchain data offering with 11 new chains in #BigQuery, and we’re also making improvements to our existing datasets, so they are more precise, accurate, and reliable.
— Google Cloud (@googlecloud) September 21, 2023
Learn more ↓https://t.co/fNFJiHSJBO
BigQuery is Google’s data warehouse service. Enterprise firms can use it to store their data and make queries of it. It also provides some public datasets that can be queried, including Google Trends, American Community Service demographic information, Google Analytics, and others.
In 2018, Google launched a Bitcoin dataset as part of the service, and later that year, it added Ethereum as well. It continued to expand its blockchain coverage in February of 2019, adding Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin, and Zcash. The September 21 announcement means that BigQuery now carries data from a total of 19 blockchain networks.
In addition to adding these new blockchains, Google has also implemented a new feature intended to make blockchains queries easier to execute. Through a series of user-defined functions (UDFs), the team has provided methods to handle the long-form decimal results often found on blockchains. In its post, Google claimed that these new functions will “give customers access to longer decimal digits for their blockchain data and reduce rounding errors in computation.”
Google Cloud has been taking an increasing interest in blockchain tech in 2023. On July 7, it partnered with Voltage, a Lightning Network infrastructure provider. And it partnered with Web3 startup Orderly Network on September 14 to help provide off-chain components for decentralized finance.
The native token of Crypto.com is soaring after unveiling a new partnership with Amazon Web Services. In an announcement on LinkedIn, Amazon says that it is partnering up with Cronos to support Web3 start-ups, including decentralized finance (DeFi) and infrastructure. “[Amazon Web Services] is working with Cronos Labs to support the Web3 startups scale and […]
The post Cronos (CRO) Rallies After Revealing Partnership With Amazon Web Services appeared first on The Daily Hodl.
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting […]
Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), […]
A popular cryptocurrency analyst and trader is expressing a bearish outlook on two under-the-radar altcoins. Starting with smart contract platform Avalanche (AVAX), the pseudonymous analyst and trader Capo tells his 695,000 Twitter followers that the altcoin could lose over 70% of its value as he says the present support level of around $10 appears likely […]
The post Top Crypto Analyst Issues Bearish Warning, Says Avalanche and One Mid-Cap Altcoin Could Crash by Over 70% appeared first on The Daily Hodl.
Dubai, December 13th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has won a spot amongst batch 6 of the Cronos ecosystem grant, alongside the signing of an MOU between […]
On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also surged on Monday, as prices attempted to […]
Short CRO traders were paying as much as 3% premium to long traders on Nov. 14, reflecting extreme bearishness in its futures market.
Crypto.com’s native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTX’s dramatic collapse last week. Now, the CRO/USD pair is eyeing a watershed price recovery.
On Nov. 14, CRO’s price wobbled between profits and losses, trading around $0.069 a day after crashing to $0.05, its lowest level since April 2020 — that’s a 60% price decline from November’s peak of around $0.178.
The period of CRO’s price decline occurred alongside a sharp drop in the token’s perpetual futures funding rates.
Funding rates are recurring payments made by traders based on the difference between the prices in the futures and the spot market. A positive funding rate means bullish traders (long positions) pay bearish traders (short positions), representing their confidence about a price rally.
Conversely, a negative funding rate means short traders pay long traders to keep their positions open. On Nov. 14, CRO’s funding rates on Huobi and OKX dropped to minus 3%, showing traders are extremely bearish on the token.
“This is literally the exact same dynamic that occurred before Celsius and FTX collapsed,” warned Dylan LeClair, senior analyst at digital asset fund UTXO Management on Nov. 13, when CRO funding rates were near minus 2%.
The CRO sell-off started from fears of contagion amid the FTX fiasco, particularly concerns that Crypto.com, a Singapore-based crypto exchange, would collapse in the same manner as FTX.
At the core of these worries is potential insolvency, with analysts pointing out that Crypto.com is holding low-liquid cryptocurrencies like Shiba Inu (SHIB) and its own token CRO as reserves, which reportedly make up 40% of the exchange’s total assets.
4.https://t.co/INIxikfNzy holds $1.6B worth of BTC/ETH/USDT/USDC/DAI/BUSD assets, accounting for 60%.
— Lookonchain (@lookonchain) November 13, 2022
40% of assets are low liquidity assets.
In addition, Crypto.com also moved $210 million worth of stablecoins from Binance and Circle before demonstrating its reserves to the public. Binance CEO Changpeng Zhao confirmed the move, urging caution, the day before CRO dropped to its April 2020 low.
If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away. Stay #SAFU.
— CZ Binance (@cz_binance) November 13, 2022
What’s more, Crypto.com also misconducted a $400 million Ether (ETH) transaction, sending it to a Gate.io exchange wallet instead of its cold storage. Later, the exchange did manage to recover the funds, but that also raised a lot of questions.
Crypto_com CEO is claiming they “accidentally” sent $400 million of their eth to the wrong wallet.
— Coffeezilla (@coffeebreak_YT) November 13, 2022
He’s either lying, or incompetent. https://t.co/hWXvPqBime
Overall, Crypto.com saw its users withdraw $14 million in ETH and $39 million in other tokens over the weekend, according to data tracked by Argus Inc.
Strictly from a technical perspective, however, CRO’s price could nevertheless see a potential relief rally in the coming weeks.
A set of indicators support the said bullish outlook, including CRO’s weekly relative strength index (RSI), which dropped to nearly 30, or nearly “oversold” territory. A similar drop in June earlier this year had preceded a 75% recovery rally from $0.099 to $0.162, as shown below.
The other bullish indicator includes strong historical support of $0.061. In addition, CRO’s current price range of $0.061 and $0.111 has the token’s highest volume profile visible range (VPVR) on record.
In other words, CRO price could recover to $0.111, up over 50% from the current price levels, as its next upside target.
Related: Exchange outflows hit historic highs as Bitcoin investors self-custody
Conversely, CRO/USD falling alongside funding rates suggests that its drop may have been driven by futures markets, which was also the case with Terra’s collapse in May. Thus, the persistent bearish sentiment across the entire cryptocurrency market could dampen CRO’s recovery prospects.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was higher […]
