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Educational Post

What Is A Transaction ID?

A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.

When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.

Depending on the blockchain used, you’ll be able to find the transaction on a block explorer by searching for the transaction ID. There are many block explorer available with different features and services. Transaction IDs are useful for transaction verification, record keeping, and troubleshooting.
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Major News Alert!

#Binance CEO Changpeng Zhao (CZ) in talks to step down as criminal investigation concludes.

Discussions underway for a smooth transition post-investigation.
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🆘BREAKING🆘

Richard Teng, Binance Formal
Global Head Of Regional
Markets Has Been Named
The New CEO Of Binance
- CZ
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Crypto Watchlist for the week ahead:

$LINK - Chainlink Staking v0.2 will go live on Nov. 28

$ATOM - ATOM Halving proposal was approved + other token upgrade proposals will be made soon

$DYDX - $524M worth of DYDX will be unlocked for investors & team on Nov. 28. Yet those tokens will be unlocked on the DYDX chain, which is not supported by CEXs yet

$FXS - FXS Halving will happen on Dec. 20 + FraxChain is coming in January + frxETH V2 audit was completed. FraxChain is an upcoming L2 with decentralized sequencers, native yield, and other unique features

$SUI - $48M worth of SUI (8% of its supply) will be unlocked next week

$VRTX - Vertex just surpassed dYdX in trading volume following the launch of its ARB incentives program. VRTX can be staked to earn 30-50% of the protocol revenue

$EMP - the opening up of EmpyrealSDK'S API will happen next week. The SDK will enable devs to easily build dApps & bots by leveraging it

And that's it for this week.

If you enjoyed reading this, a like + retweet would be much appreciated🫡
Binance will delist the following tokens on December 07, 2023.

🔸 $BTS
🔸 $PERL
🔸 $TORN
🔸 $WTC
🚨🚨 JUST IN: 🇺🇸 SEC delays $1.5 trillion asset manager Franklin Templeton's spot #BitcoinETF application.
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RVN analysis:

On the daily timeframe, there is a significant falling wedge pattern, and the price has already surpassed it. Currently, RVN is oscillating between the support and resistance areas. It is advisable to wait for a distinct breakout above the resistance area or a test of the support zone before considering new entries.

Support Area: $0.01570-$0.0164

Resistance Area: $0.0195-$0.0202
📊 Crypto Fear and Greed Index

🧭 Index Value : 72
😱 Sentiment : Greed
💰 BTC Price : $37808
#TRX / USDT : Chart Analysis

TF : 4h

Current Price : $0.1033

Trend : Uptrend , HHs & HLs structure formation above 200 Ema .

-Price respecting Trendline look for Long position near 200Ema .
-Anticipating a Bullish Momentum till $0.109 Level .

Plan :
-Entry : $0.1033
-Target : $0.1095
-SL : $0.0995
1⃣Hold 1,000 $MX
2⃣In the APP, go to #Kickstarter and #Launchpad
3⃣Quick Commit to grab them all!
tamilbtc.com/mexc
Educational Post

The simple moving average (SMA)

The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is disregarded. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days.

It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem.

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1/🚨Big update in crypto from the Indian🇮🇳 parliament.

a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.

b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.

c) Major action will be taken against offshore exchanges if found non compliant.
2/ Question: a request was made to provide the list of reporting entities in India🇮🇳 (crypto companies) dealing in VDA .

Here’s the list of reporting entities dealing in VDA is mentioned below👇