China News Official Today TheBitTimes.com

Bitcoin rose to highs above $26,800 on Thursday, before profit taking pushed kicked in to see it trade lower. An analyst says price below the 200-week MA represents buying opportunity. Meanwhile, address activity remains high, with 1.1 million BTC send or received daily. Bitcoin spiked above$26,800 overnight Thursday as bulls bounced to hit its highest level since the decline to below $25k on Monday.  Traders eye profits after BTC bounce  With Friday looking likely to see a fourth consecutive green candle, the push to above $26,849 illustrated bulls’ resilience in a historically tough September. However, the rise in profit ratio over the past three days has also seen BTC face a spike in profit taking deals. On-chain data shared via a chart by market intelligence platform Santiment shows that traders took advantage of the upside bounce to pinch small profits. Per the data, Thursday saw the highest ratio of profit vs. loss taking in two mon...

Author: @0xMavWisdom SSV.Network DAO recently launched a $50 million ecosystem fund to support the development of applications based on Distributed Validator Technology(DVT). The technology is a key component of Ethereum co-founder Vitalik Buterin’s roadmap for decentralising Ethereum, and SSV.Network hopes to use the funding to further consolidate the DVT as the key Ethereum infrastructure. SSV.Network is a fully decentralised open source Ethereum stake protocol developed with the participation of Obol, a secret shared verifier network for Ethereum, and Blox, an unmanaged Ethereum 2.0 stake protocol. SSV enables a secure and robust method of splitting verifier keys between untrusted nodes or operators in a secure manner while maintaining distributed control and activity of Ethernet verifiers for ETH s taking . SSV.Network is currently in beta phase. The recently released Shifu V2 version of SSV.Network will allow upgraded nodes to formally participate in all responsibilities used in t...