Blockchain
YentenCoin (YTN) – The Best CPU Coin or Not Yet At Least
YentenCoin (YTN) is an interesting project that we have stumbled upon when looking around for CPU-only crypto coins and we were pleasantly surprised by it – a good presentation, ongoing development, large number of pools and listed on a number of smaller crypto exchanges. It all seems great, until you look at the trading volume […]

18
May
2020

YentenCoin (YTN) is an interesting project that we have stumbled upon when looking around for CPU-only crypto coins and we were pleasantly surprised by it – a good presentation, ongoing development, large number of pools and listed on a number of smaller crypto exchanges. It all seems great, until you look at the trading volume – almost one, yet there seems to be a few hundred people mining the coin. The project describes itself as “the best CPU coin” that can be mined wit everyone that has a computer (CPU crypto coin) and that could’ve been true if it had larger user base and more trading and usage going on as the rest seems quite OK already. So we wanted to give our readers an idea of the project, so maybe it could get some more attention that it deserves.
YTH uses the YespowerR16 mining algorithm, meaning it is intended to be mined with processors only, no GPU mining here, sorry. A good choice of a mining software would be cpuminer-opt or SRBMiner-MULTI, though there are other options available as well. The YespowerR16 algorithm is Intel friendly, meaning that AMD Ryzen CPU owners might want to go for RandomX-based projects in order to maximize their processor’s potential instead. YentenCoin (YTN) even has its own simple GUI miner that might not be the best performing one, but sure seems easy enough for everyone to use.
The largest mining pool for YTN currently is CPU Pool that has some other small CPU-only crypto projects available for mining. You can also try Yenten Pool and the coin is also available on the Zergpool and Zpool where it can be autoexchanged to BTC if you do not wish to mine YTN coins directly. As for exchanges, a good starting point would be Graviex and Crex24, though as we have already mentioned there is currently not much trading going on for YentenCoin.
– To visit the official YentenCoin (YTN) crypto project website for more details…
- Publihsed in: Crypto Coins
- Related tags: CPU coin, cpu crypto, CPU crypto coin, CPU mining, YentenCoin, YentenCoin miner, YentenCoin mining, yespowerr16, YespowerR16 algoritm, YespowerR16 coin, YespowerR16 CPU crypto, YespowerR16 CPU miner, YespowerR16 CPU mining, YTN, YTN miner, YTN mining
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Source: https://cryptomining-blog.com/12376-yentencoin-ytn-the-best-cpu-coin-or-not-yet-at-least/
Blockchain
Bitcoin Exchange Outflow Continues as On-Chain Support Settles at $47K


On-chain analytics provider, Glassnode, has revealed that there is solid support at the $47,000 level for Bitcoin. It came to this conclusion in its latest ‘Week on Chain’ report using analysis from chart guru Willy Woo and data scientist Rafael Schultze-Kraft (@n3ocortex).
It added that Woo noted a significant volume of BTC was transacted on-chain around $45,000, forming an on-chain support level late last week.
Schultze-Kraft highlighted that this support level has actually strengthened to rest above $46.6k, with 1.2 million BTC, or 6.5% of circulating supply, transacting in this zone.
#Bitcoin has held composure around $50k this week despite volatility in traditional markets.
This Week On-chain, we deep dive into how three key network participants managed this correction.
– Miners
– Long Term Holders
– Short Term HoldersSee More👇https://t.co/RdxqSjhc37
— glassnode (@glassnode) March 8, 2021
Is BTC Accumulation Increasing?
Glassnode pointed out that the patterns suggest an increase in accumulation interest at these levels:
“When a large volume of coins move on-chain and an on-chain support level holds, it suggests that there is significant accumulation interest and buyers see it as a ‘value’ entry point.”
However, it also noted that should price fall below this support level, it would become a level where overhead supply may form equally strong resistance.
Using the UTXO Realized Price Distribution metric, which shows which prices the current set of Bitcoin unspent transaction outputs were created, the on-chain support level at $47k is the largest since prices were $11k, it added.
“This range now represents one of the largest on-chain BTC accumulation levels in history, certainly the largest since the last cycle’s $20k ATH was breached.”
The balance of Bitcoin on exchanges also continues to decline which could indicate readying to sell or hodling in cold wallets. The report added that throughout February the rate of miner sales was declining, whereas today, it is almost net neutral meaning that miners could be accumulating also.
Bitcoin Price Update
At the time of press, Bitcoin was changing hands for $54,150 according to Tradingview which has reported a 24 hour gain of almost 7%.
It is the highest the asset has traded since Feb. 22 when it was falling back from the all-time high of $58,250 the previous day. Bitcoin is currently facing resistance here and needs to break above $55,900 to make a move towards a new ATH.
On the downside, support can be found in the $48,000 region however BTC is currently in the process of forming its fifth green candle in a row so the bulls are running the show at the moment.
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Source: https://cryptopotato.com/bitcoin-exchange-outflow-continues-as-on-chain-support-settles-at-47k/
Blockchain
Coinbase is Valued at $100 Billion Before Direct Listing on the Nasdaq


Coinbase has yet to go public, and the markets are already on fire in anticipation of the most awaited direct listing in the cryptocurrency world and the what will be the first major listing ever recorded on the Nasdaq.
An independent valuation based on the price of its shares in private markets determined that Coinbase has a potential valuation of between $90 billion and $100 billion before its direct listing.
During its Pre-Listing Days, Coinbase Went Up
According to activity in late February, this price would far exceed a previous valuation of $77 billion. At the time, confidential sources told Coindek that as the “big day” approached, speculators were bidding higher and higher on the stock.
“The third weekly transaction closed on Friday and the clearing price was $303 a share. The first week it was 200 bucks a share, the second week it was $301 a share, and the third week it was $303 a share. So you can kind of see price discovery happening.”
Bloomberg reported that, during the last day of private trading before the direct listing, investors traded Coinbase stocks at a range between $350 to $375, which would raise Coinbase’s valuation by as much as 33% in a matter of weeks, and over 300% higher than what analysts expected for its IPO (priced at just $28 million).
Before going public, credited investors could trade Coinbase shares on the Nasdaq Private Market, a restricted market with low volume and high volatility, where a limited number of participants can speculate on the price of some shares of companies that are not yet publicly traded.
The numbers, however, do add up to its expected performance. After registering a bad year during the bear period of the crypto markets back in 2018, Coinbase grew to become the colossus it is today.
Coinbase filed paperwork to list on NASDAQ exchange. The highlights from their S-1 document shows:
-CEO, Brian Armstrong’s 2020 earnings: $60 million
-2020 Revenue: $1.2 billion
-Assets Under Management: $90 billion
-Verified Users: 43 million#BTC #Cryptohttps://t.co/U80EZHbXZo— Kenneth Omoya (@KennethOmoya) March 1, 2021
A Small Step for a Crypto Exchange, a Giant Leap for the Crypto Industry
Due to its characteristics, the private market is not necessarily an accurate indicator to determine what will happen when Coinbase becomes publicly available; however, it is an excellent reference to see what the markets expect to happen… And the future looks promising.
And we’re not just talking about Coinbase, but almost the entire cryptocurrency ecosystem. Coinbase going public is one of the most significant supports for the crypto industry in recent times.
The United States is one of the countries with the highest volume of exchange trading, has one of the world’s largest GDPs, concentrates a significant number of cryptocurrency startups, and yet is known for having strict laws when it comes to digital assets.
A stock exchange listing could provide an additional layer of legitimacy in the eyes of potential new users, stimulating the growth of its customer base. This would simply accelerate a trend that has been growing over time, especially in the aftermath of the COVID-19 market crisis.
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Source: https://cryptopotato.com/coinbase-valuation-100-billion-usd-before-direct-listing-nasdaq/
Blockchain
Bitcoin price cracks major resistance as analyst eyes $70K ‘destiny’

Bitcoin (BTC) tackled pivotal $52,000 resistance overnight on March 9 to come within 6% of historical all-time highs.

BTC price hits 2-week highs
Data from Cointelegraph Markets and Tradingview showed BTC/USD hitting local highs of $54,500 on Tuesday.
The latest attempt to break out of its sideways trading corridor, the move was still consolidating at the time of writing. Amid heavy volatility, a retracement on the day targeted $53,500 — still above crucial resistance.
As Cointelegraph reported, analysts were eyeing $52,000 as a line in the sand for securing the next stage of the Bitcoin bull run.
While the weekend produced healthy upside, Bitcoin had still to cement even $50,000 as strong support as the week’s trading began.
On the back of 24-hour gains topping 8%, however, the picture on Tuesday was fast improving, after evidence showed that $47,000 had become conspicuously strong support.
“Bitcoin jumps >$54k aided by more signs of institutional interest in the largest cryptocurrency,” markets commentator and contributor to German news daily Die Welt, Holger Zschaepitz, summarized to Twitter followers.
“Institutional interest sets the latest bull run apart from 2017’s retail-driven surge, Goldman says. Much of the institutional demand has been driven by fears around asset devaluation.”
Zschaepitz was referencing findings from Goldman Sachs, which among other things also revealed that 40% of its own clients already have exposure to cryptocurrencies.
Analyst on $70,000 Bitcoin: “Destiny awaits”
The institutional picture became even more bullish on Monday after one of Norway’s richest people launched a Bitcoin-focused spin-off firm using BTC as its sole treasury asset.
“Bitcoin can be verified, divided, re-assembled, stored, and transported at virtually no cost. It’s the perfect scarce digital asset. By design,” Kjell Inge Røkke wrote in a widely-circulated shareholder letter.
“All that’s required to keep the network running, is allocating the cheapest electricity in the world. Electricity secures the network. No trusted parties or people with guns are needed. I call that progress.”
Elsewhere, hodlers were watching a bullish setup unfold in Bitcoin’s daily moving average convergence/ divergence (MACD) indicator, which on Monday was primed to repeat behavior which previously resulted in February’s march to $58,300 record highs.

“Destiny awaits,” Cointelegraph Markets analyst filbfilb added in an update to Telegram channel subscribers, highlighting a target area of $70,000 and higher using Fibonacci levels.
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Source: https://cointelegraph.com/news/bitcoin-price-cracks-major-resistance-as-analyst-eyes-70k-destiny
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