A Haunted Horror House in India

Some of the most haunted places in the world are thoe that are wreathed in pain and suffering. Some of these have such dark histories that they are often referred to as “horror houses” and one of these lies in the country of India. The city of Hyderabad is a vast sprawling metropolis, the capital and largest city of the Indian state of Telangana. With a population of 6.9 million residents within the city limits and 9.7 million residents in the metropolitan region, it is a bustling hive of humanity sprawled out over 250 square miles, its crowded streets constantly thrumming with activity day and night. Besides being known for its thriving film industry and its reputation as one of the main business capitals of India and a modern, technologically advanced city, as well as a place for countless restaurants and listed as a UNESCO creative city of gastronomy, here one can also find historic ruins among the modernity, and if one looks they can also find some of the most haunted places in the country. One of these is a nondescript house that despite its rather mundane appearance holds a dark history and possibly evil supernatural forces. 


The Earliest Architectural Depictions of Mermaids and Mermen: What Do They Tell Us?

Tales of mermaids and mermen have been with us for thousands of years. Over time, the stories have been tinged with human imagination, and the merfolk have aquired various shades of reputations, some not so flattering. If we go back to the earliest times, however, to explore the architectural depictions of mermen and mermaids, we find that the merfolk, in general, were thought of as semi-divine beings who were beneficent to humanity, and bestowed prosperity and good luck. They were an integral part of the beliefs and ritual customs of our ancestors. 


Rare Coin Shows 1054 CE Supernova Whose Existence was Banned by Constantine IX

On July 4, 1054, a mysterious light appeared in the sky like a sudden, silent explosion in the cosmos. The light was visible around the world during daylight hours for 23 straight days, and visible at night until April 6, 1056.


The Mysteries of Our Moon: “Something” Could Be On There or Under the Surface…

I figured that having just published an article on the mysteries of the planet Mars, I would now write one that focuses on our Moon. And, there are more than a few mysteries out there, to be sure! Our strange Moon story goes back to the 1970s, but it is still a fascinating story. According to the family of a Raymond Wallis, he was someone who, way back in 1975, took on the alias of a “Mr. Axelrod,” when a team of remote-viewers at Area 51 were focusing their attention not on the Russians or even the Chinese, but on the Moon itself. Something strange had caught the attention of those working on the program. Answers needed to be found. Reportedly, and incredibly, several of the remote-viewers had significant success in psychically uncovering evidence that there were several underground, alien bases on the Moon. So the story goes, the team hit a brick-wall because, in a rather sinister fashion, the aliens somehow knew when they were being watched. So, the team decided to do something that they rarely ever did. They decided to go outside of the box – or in their case a secure series of rooms at Area 51’s S-4 – and approach one of the leading figures in the field of remote-viewing, a man named Ingo Swann. Before we get directly to  Swann, let’s have a look at the phenomenon of Remote-Viewing.


Ethereum ready for The Merge as last shadow fork completes successfully

The successful completion of the last shadow fork signaled the readiness of the Ethereum network for migrating to a proof-of-stake consensus mechanism.

Ethereum (ETH) developers confirmed the successful completion of the prerequisites — shadow forks — required for the highly anticipated blockchain upgrade, The Merge. 

Shadow forks help developers stress test synchronization assumptions to ensure network safety during permanent upgrades. In light of The Merge, Ethereum developers implemented the first shadow fork on Apr. 11, 2022.

Nearly six months in, Ethereum research and engineering company Nethermind confirmed that the transition in Mainnet-Shadowfork-13 — the last shadow fork — was successful, signaling the readiness of the network for migrating to a proof-of-stake (PoS) consensus mechanism.

Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was successful for all Nethermind nodes!#TheMerge #Ethereum #Nethermind #MSF13

— Nethermind (@nethermindeth) September 9, 2022

The testnet allowed Ethereum developers to practice running nodes, deploying contracts and testing the infrastructure, among other functionalities. As a result, shadow forks allow developers to gauge the implications of network upgrades before they happen.

As part of the upgrade, the community needs to update their Ethereum clients and run the combination of an execution layer and consensus layer.

Related: The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade

The CEO of crypto exchange BitMEX, Alexander Höptner, highlighted the need for paying close attention during the Ethereum upgrade to avoid service downtime.

Speaking to Cointelegraph, Höptner explained:

“You have to be just, let’s say, awake and see what happens. There’s a chance for high volatility. And so you have to make sure that your services are up and running. […] We don’t expect any major disruptions outside of volatility.”

The CEO further stated that the success of The Merge would be dependent on the support of the community.


Quentin Tarantino settles Miramax lawsuit over Pulp Fiction NFTs

Miramax sued the Hollywood director in November last year after the blockchain provider Secret Network announced the auction of his “uncut screenplay scenes.”

Miramax sued the director in November last year after the base-layer blockchain provider Secret Network announced the auction of “uncut screenplay scenes” from the 1994 film as NFTs. The film studio claimed to own all rights to “Pulp Fiction,” except for those reserved for Tarantino, which excluded nonfungible tokens.

The company was developing its own NFT strategy at the time. In a statement, the studio’s attorney Bart Williams wrote: “This one-off effort devalues the NFT rights to “Pulp Fiction,” which Miramax intends to maximize through a strategic, comprehensive approach.”

On the auction’s original press release, Secret Network claimed that Tarantino owned “exclusive rights to publish his Pulp Fiction screenplay and the original, handwritten copy has remained a personal creative treasure he has kept private for decades.” The auction raised $1.1 million in January, but was followed by the cancellation of additional NFT sales due to the dispute.

Tarantino and Miramax have partnered in other successful productions, including “Kill Bill: Volumes 1 and 2”. “Pulp Fiction” ended up grossing $107.93 million in the United States and $213 million worldwide in the years since its release in 1994.

Hollywood director Quentin Tarantino and producer Miramax appear to have settled their lawsuit over nonfungible tokens (NFTs) related to the blockbuster film Pulp Fiction following a months-long legal battle. The movie studio reportedly plans to withdraw its lawsuit within two weeks and collaborate with the filmmaker in the future, including on NFTs projects. 


Dubai grants regulatory approval for office: Report

The Virtual Assets Regulatory Authority of Dubai has previously given approval for, OKX and FTX subsidiaries to offer crypto-related services in the emirate.

Blockchain wallet and cryptocurrency exchange platform has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA.

According to a Friday report from Reuters, VARA signed an agreement which will allow to open an office in Dubai. The crypto firm currently operates several offices in North America, Europe, South America, and Singapore.

Great work by the team here – Dubai ✅✅

— Peter Smith (@OneMorePeter) September 9, 2022

Since Dubai’s prime minister and ruler Sheikh Mohammed bin Rashid Al Maktoum announced the establishment of the crypto regulator and an accompanying law in March, VARA has granted approval for, OKX and FTX subsidiaries to offer crypto-related services in the emirate. In July, Al Maktoum also launched a metaverse strategy that aimed to bring more than 40,000 virtual jobs to Dubai by 2030.

Related: From the valley to oasis: Swiss and Dubai crypto associations team up

One of the oldest Bitcoin (BTC) infrastructure firms and headquartered in London, is also aiming toward regulatory approval in Italy, France, Spain, and The Netherlands. In August, the Cayman Islands Monetary Authority officially authorized to operate an exchange and provide custodial services. After a March funding round, the crypto firm was reportedly valued at $14 billion.

Cointelegraph reached out to, but did not receive a response at the time of publication.


3 reasons why Bitcoin traders should be bullish on BTC

Timing the market bottom is impossible, but several technical and on-chain indicators suggest that it’s time to start accumulating Bitcoin.

Bitcoin (BTC) has been in a rut, and BTC’s price is likely to stay in its current downtrend. But like I mentioned last week, when nobody is talking about Bitcoin, that’s usually the best time to be buying Bitcoin. 

In the last week, the price took another tumble, dropping below $19,000 on Sept. 6 and currently, BTC bulls are struggling to flip $19,000–$20,000 back to support. Just this week, Federal Reserve Chairman Jerome Powell reiterated the Fed’s dedication to doing literally whatever it takes to combat inflation “until the job is done,” and market analysts have increased their interest rate hike predictions from 0.50 basis points to 0.75.

Basically, interest rate hikes and quantitative tightening are meant to crush consumer demand, which in turn, eventually leads to a decrease in the cost of goods and services, but we’re not there yet. Additional rate hikes plus QT are likely to push equities markets lower and given their high correlation to Bitcoin price, a further downside for BTC is the most likely outcome.

So, yeah, there’s not a strong investment thesis for Bitcoin right now from the perspective of price action and short-term gains. But what about those who have a longer investment horizon?

Let’s quickly review 3 charts that suggest investors should be buying Bitcoin.

Bitcoin investor tool: 2-year MA multiplier

Bitcoin’s price is currently 72% down from its all-time high at $69,000. In the previous bear markets, BTC’s price saw a 55% correction (July 21), a 71% drop by March 2020 and an 84% correction in December 2018. While brutal to endure, the current 72% correction is not outside of the norm when compared to previous drawdowns from all-time highs.

Bitcoin 2-year moving average multiplier. Source: LookIntoBitcoin

Comparing this drawdown data against the 2-year MA multiplier, one will notice that the price dropped below the 2-year moving average, carved out a trough and then consolidated for multiple months before resuming the 12-year-long uptrend.

These areas are the “shaded” zones below the green 2-year moving average. Zooming in on the right side of the chart, we can see that price is again below the 2-year moving average, and while there is no sign of a “trough” being dug, if historicals are to be relied upon, the price is currently in what could be described as a consolidation zone.

The golden ratio multiplier

Another interesting moving average and Fibonacci sequence-based indicator that suggests Bitcoin’s price is undervalued is the golden ratio multiplier.

According to LookIntoBitcoin creator Philip Swift:

“The chart explores Bitcoin’s adoption curve and market cycles to understand how price may behave on medium to long term time frames. To do this, it uses multiples of the 350 day moving average (350DMA) of Bitcoin’s price to identify areas of potential resistance to price movements.”

Swift further explained that “specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs.” Essentially, the indicator is:

“An effective tool because it is able to demonstrate when the market is likely overstretched within the context of Bitcoin’s adoption curve growth and market cycles.”Bitcoin golden ratio multiplier. Source: LookIntoBitcoin

Currently, BTC’s price is below the 350DMA and similar to the 2-year MA multiplier. Dollar-cost-averaging into extreme lows has proven to be a wise method for building a Bitcoin position.

BTC/USDT 1 week chart. Source: TradingView

Taking a look at Bitcoin’s one-week relative strength index (RSI) also shows that the asset is nearly oversold. When comparing the weekly RSI to BTC’s candlestick chart, it’s clear that accumulation during oversold periods is also a profitable tactic.

Related: A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming ‘buy’

Bitcoin’s MVRV Z-score

An on-chain indicator called the MVRV recently hit its lowest score since 2015. The metric is essentially a ratio of BTC’s market capitalization against its realized capitalization, or in simpler terms, the amount people paid for BTC compared to the asset’s value now.

According to Jarvis Labs analyst “JJ,” Bitcoin’s MVRV (market capitalization versus realized capitalization) indicator is printing a reading that is extremely low. The analyst elaborated:

Bitcoin price versus MVRV difference. Source: Jarvis Labs

The MVRV Z-score provides insight into when Bitcoin is undervalued and overvalued relative to its fair price. According to analytics firm Glassnode, “when market value is significantly higher than realized value, it has historically indicated a market top (red zone), while the opposite has indicated market bottoms (green zone).”

Bitcoin MVRV Z-Score. Source: Glassnode

Looking at the chart, compared against BTC’s price, the current -0.16 MVRV score is in the same range as previous multi-year and cycle bottoms for Bitcoin’s price. A pure interpretation of the data would suggest that Bitcoin is in the midst of a bottoming process and possibly entering the early stages of accumulation.

Of course, its price could drop much further, and the bearish factors that are battering equities markets will likely also continue to impact crypto prices, so none of the indicators mentioned above should be relied on as the solitary rationale for investing.

The crypto market is in bad shape, and that seems unlikely to change in the short term, but timing market bottoms is also impossible for most traders. So, what investors should look for is confluence among a variety of metrics and indicators that align with one’s thesis.

At the moment, most of Bitcoin’s on-chain metrics and technical analysis indicators suggest sensible dollar-cost-averaging into a manageable position. The key is risk management. Don’t invest more than you can afford to lose, and you won’t have to worry about losing your shirt.

This newsletter was written by Big Smokey, the author of The Humble Pontificator Substack and resident newsletter author at Cointelegraph. Each Friday, Big Smokey will write market insights, trending how-tos, analyses and early-bird research on potential emerging trends within the crypto market.

Disclaimer. Cointelegraph does not endorse any content of product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.


DApp activity rises 3.7% in August for the first time since May: Finance Redefined

DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week.

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

Decentralized applications, or DApps, finally showed a glimmer of recovery in August as the daily average of unique active wallets rose by 3.7% compared to May.

With just under a week left for the Merge, SEBA Bank has opened Ethereum staking services for institutions. On the other side, layer-2 scalability solutions are hopeful of seeing a significant cut in their carbon emissions post Merge.

This past week, two DeFi protocols became victims of coordinated flash loan attacks. On Wednesday, Avalanche-based lending protocol Nereus Finance became the victim of a crafty hack that saw a user net $371,000 worth of USD Coin (USDC) using a smart contract exploit. The very next day, on Thursday, New Free DAO, a nonfungible token- (NFT)-focused project, lost nearly $1.25 million in another similar flash loan attack.

Top-100 DeFi tokens by market cap finally saw a week of green after nearly two weeks of dominant bearish price action. Most of the tokens recorded double-digit gains, with Luna Classic (LUNC) — formerly Terra (LUNA) — making an entry into the top 30 with over 100% gains in the past seven days.

DApp activity rises 3.7% in August for the first time since May: Report

DApps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar.

The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram’s support of its NFTs and the game Solitaire Blitz. On the other hand, Solana UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.

Continue reading

SEBA Bank to provide Ethereum staking services to institutions

As the Ethereum network moves from a proof-of-work (PoW) to a proof-of-stake (PoS), a digital asset platform initiated a service for institutions to dive into Ether (ETH) staking.

In an announcement sent to Cointelegraph, Swiss digital asset banking platform SEBA Bank said that it has launched an Ethereum staking service for institutions that want to earn yields from staking on the Ethereum network. According to the firm, the move is a response to the growing institutional demand for DeFi services.

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Degens borrowing ETH to get fork tokens create headaches for DeFi platforms

The growing number of speculators taking out Ether loans to maximize their potential to earn forked Ether proof-of-work tokens (ETHPoW) has been causing headaches for DeFi protocols.

The issue has been gaining traction over the past month or so as a significant number of Ether miners are expected to continue working on a forked PoW chain or possibly even multiple chains post the long-awaited Merge.

Continue reading

Avalanche flash loan exploit sees $371K in USDC stolen

Avalanche-based lending protocol Nereus Finance has been the victim of a crafty hack that saw a user net $371,000 worth of USD Coin using a smart contract exploit.

Blockchain cybersecurity firm CertiK was one of the first to detect the exploit on Tuesday, indicating that the attack impacted liquidity pools on Nereus relating to decentralized exchange (DEX) Trader Joe and automated market maker Curve Finance.

Continue reading

DeFi protocol token NFD crashes by 99% after a flash loan attack

New Free DAO, a DeFi protocol, faced a series of flash loan attacks on Thursday, resulting in a reported loss of $1.25 million. The price of the native token has dropped by 99% in the wake of the attack.

Unlike normal loans, several DeFi protocols offer flash loans that allow users to borrow large amounts of assets without upfront collateral deposits. The only condition is that the loan must be returned in a single transaction within a set period. However, this feature is often exploited by malicious adversaries to gather large amounts of assets to launch costly exploitations targeting DeFi protocols.

Continue reading

DeFi market overview

Analytical data reveals that DeFi’s total value locked registered a minor change from the past week. The TVL value was about $61.02 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView show that DeFi’s top 100 tokens by market capitalization had a bullish week with the majority of the tokens seeing double-digit gains, while a few others continue to trade in the red.

LUNC was the biggest gainer on the weekly basis, registering a 101% gain over the past 7 days, followed by Chainlink (LINK) with 14.8% gains. Compound (COMP) rose by 7.71% and PancakeSwap (CAKE) registered a 6.24% gain on the weekly charts.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.


3 Bitcoin price metrics suggest today’s 10% pump marked the final cycle bottom

Is the BTC bottom finally in? Data suggests that bears might be losing their tight grip on the market.

The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders. Especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and the derivatives market strongly supports the recent gains.

Curiously, the current Bitcoin rally happened a day after the White House Office of Science and Technology Policy released a report investigating the energy usage associated with digital assets. The study recommended enforcing energy reliability, efficiency standards and it also suggested Federal Agencies provide technical assistance and initiate a collaborative process with the industry.

Bitcoin/USD (orange, left) vs. S&P 500 futures (blue). Source: TradingView

Notice how the peaks and valleys on both charts tend to coincide, but the correlation changes as investors’ perceptions and risk assessments vary over time. For example, between May 2021 and July 2021, the correlation was inverted most of the period. Overall, the stock market posted steady gains while the crypto markets collapsed.

More importantly, the chart above shows a huge gap being opened between Bitcoin and the stock market as stocks rallied from mid-July to mid-August. A comparison using the same scale would be better, but that does not work due to the difference in volatility. Still, it is reasonable to conclude that historically these gaps tend to close.

The S&P 500 futures declined 18% in 2022 until Sept. 6, while Bitcoin dropped 60.5% during the same period. So it makes sense to assume that if investors’ appetite for risk assets returns, assets with higher volatility will outperform during a rally.

There are other factors that are in play though, so there is no way to predict the outcome, but the return of investors’ appetite for risk would justify Bitcoin to outperform the stock market and significantly reduce the performance difference.

Pro traders were not expecting Bitcoin to bounce

Bearish traders were liquidated on $120 million in futures contracts, the highest figure since June 13. Typically, one would not expect this outcome considering Bitcoin had lost 13% in the two weeks leading to Sept. 7, but one could assume that short sellers (bears) were caught by surprise as the exchanges’ liquidation engine scrambled to buy those orders.

However, there’s another anecdotal evidence hidden in the liquidation data provided by the derivatives exchanges.

Bitcoin futures 24-hour liquidation data. Source: CoinGlass

Notice how retail-driven exchanges (Binance and Bybit) represented a mere 17.4% of the total orders that were forcefully closed, while their combined market share on Bitcoin futures is 30.6% the data leaves no doubt that the whales at OKX and FTX were the ones being squeezed.

Another interesting piece of data that sets today’s 10% pump apart is Bitcoin dominance, which measures its market share versus all other cryptocurrencies.

Bitcoin dominance. Source: TradingView

Notice how the indicator spiked from 39% to the present 40.5%, something unseen since May 11 when Bitcoin flash crashed below $26,000. It took another 31 days for the bear market to break the $28,500 support on June 12. Also note that a sharp increase in BTC dominance can happen during rallies and steep price corrections so relying solely on these indicators provides little aid in interpreting market movements.

Fear has been erased from options markets

The 25% delta skew, which is the leading Bitcoin options “fear and greed” metric, improved just enough to enter a neutral level.

Bitcoin 60-day options 25% delta skew: Source:

If option investors feared a price crash, the skew indicator would move above 12%, whereas investor excitement tends to reflect a negative 12% skew. After peaking at 18% on Sept. 7, the metric currently stands at 12% which is the very edge of the neutral market. Therefore, the Bitcoin pump on Sept. 9 signaled that professional investors are no longer demanding excessive premiums for protective put options.

These three indicators back the relevance of Bitcoin’s recent 10% pump. A $120 million liquidation on leverage shorts (bears) was concentrated on less “retail-oriented” derivatives exchanges, the 1.5% hike in Bitcoin’s dominance rate and options traders pricing similar upside and downside risks all suggest that Bitcoin may have finally found a bottom.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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