Yesterday, the #Binance cryptocurrency exchange held the #BNB Chain Revelation Summit, at which an annual technical roadmap for its own blockchain called BNB Chain was presented. The latter describes in detail all the changes that will be made to the blockchain network, including increasing the number of #blockchain validator nodes for additional security, expanding opportunities for sidechains and adding more potential for blockchain developers to create #decentralized…
@BOMBERuss in June 2022
DePay has launched the first plugin for websites that converts donations into tokens selected by the recipient. The DePay Donations web add-in instantly exchanges any incoming #cryptocurrency. A Swiss startup is developing #Web3 payment systems using the capabilities of DeFi. The new free plugin will allow you to accept donations without intermediaries. The payment protocol has an open source code, supports several #blockchains and more than 100 of the most popular…
Electric Coin Company (#ECC) has announced the launch of a major update in the mainnet of the privacy-oriented cryptocurrency #Zcash (ZEC). "NU5 — the first major update since November 2020 — includes the launch of the Orchard secure payment protocol using the Halo verification system," the report says. Halo is positioned as a "trustless recursive version" of zero-knowledge proofs. It is designed to significantly increase the scalability of the system and eliminate the need…
The #KuCoin crypto exchange has introduced its own alternative to non-custodial #MetaMask and #Coinbase Wallet wallets called KuCoin #Wallet. The exchange announced this in a press release. It is known that the wallet will receive support for several blockchains at once, as well as access to projects of #decentralized finance (#DeFi) and non-interchangeable tokens (NFT). At the start, only the Windvane #NFT marketplace will be available to users. While the wallet is still in…
250,000 #Bitcoins were bought by long-term holders after the collapse of #LUNA on May 7! The data shared by #IntoTheBlock shows that the #BTC balance of a certain category of bitcoin addresses reached a new historical high after #Terra dumped its bitcoins on the market in early May. 250 000 + 80 000 BTC purchased by holders. According to the latest message from a company working with data on the network, the balance of BTC addresses where bitcoins have been stored for more…
In the world of cryptocurrencies, there are many different networks based on blockchain technology, such as #Ethereum, #Binance Smart Chain, #Algorand, #Avalanche, #Cosmos, #Polkadot, #Tezos, #Solana and others. Each #blockchain has its own features and functions. Most of them work according to different algorithms and rules for achieving consensus. Internetwork bridges are used to exchange data between different blockchains. They are a connection between blockchains that…
The #Solana blockchain is threatened with downtime after the production of new blocks on the network stops. According to the Solana Beach block browser, validators have not processed new blocks in the last five hours, which led to a complete shutdown of all its applications. A recent message from Solana Status states that the beta version of the main #network now requires a restart from validators. "Validator operators should prepare for restarting mb validators in Discord,"…
ADA's 45 percent Rise could be a trap for Bulls!!! Over the past two days, the value of the popular digital asset #Cardano (ADA) has increased markedly, from $0.48 (May 30) to $0.68 (May 31). Despite the fact that many traders took this news quite positively, some experts are confident that a 45 percent price rebound can become nothing more than a trap for bulls. In fact, the experts' assumptions were very quickly justified, because already today, on June 1, the cost of #ADA…
Over the past five weeks, a record number of #Ethereum (ETH) coins have been transferred to #cryptocurrency exchanges since May 2021. According to the analytical company Santiment, #ETH stocks on trading platforms began to gradually decline at the end of March. However, in May, the trend changed because traders began actively transferring Ethereum to trading platforms. In total, exchange users replenished the balance in ETH in the amount of $ 2.21 billion. Such a large…
#Tether continues to expand the ecosystem, and #Tezos becomes the 12th blockchain on which the popular #USDT stablecoin is now available The launch of Tether on multiple blockchains helped USDT achieve a staggering market #capitalization of $72.4 billion. The second largest stablecoin by market capitalization – #USDC – has only $53.8 billion. And more recently, in April, the USDT stablecoin was launched on the #Kusama network. Tether is making progress in other aspects as…
The percentage of the circulating supply of bitcoins (#BTC) stored on #cryptocurrency exchanges fell below the 10% mark for the first time since the BTC price reached a low of $3,200 in December 2018, at the height of the so-called crypto winter. According to the network analysis company Santiment, volatility in the cryptocurrency markets last month "caused a sharp movement of BTC to exchanges for panic sales." The firm says the low supply on the exchanges is "a sign of…
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The collapse of the algorithmic #terraUSD stablecoin could not provoke a collapse in #bitcoin market quotations, according to Chainalysis The fall in the price of bitcoin (#BTC) is caused not only by the collapse of the algorithmic stablecoin terraUSD (UST). This opinion was expressed by Chainalysis analysts in their blog. Chainalysis believes that the collapse of #UST has increased pressure on bitcoin, but the main catalyst for the sale of the largest cryptocurrency by…
According to the #WhaleStats data tracking platform, on June 9, the #XRP cryptocurrency became the most purchased asset from the #BNB Chain whales (formerly known as Binance Smart Chain, #BSC), after a court hearing was held in the SEC case against Ripple. As noted by WhaleStats, which tracks up to 4,000 of the largest BNB Chain wallets ("whales"), at that time the XRP token included in the BNB chain not only got into the top 10 purchased tokens among the 2,000 largest…
#Ethereum had a week without incident, the price was almost unchanged all the time. #ETH has closed over the past seven days with a slight loss of 3.5%. The descending triangle (indicated in blue on the chart below) remains intact, and the #cryptocurrency has not made any attempts to break away. The market is moving sideways and shows great indecision. The current support is at $1,700, and ETH has not tested this level since May 27. The key resistance is at $1,900, and a…
The top producer on our list this week, #Chainlink, has managed to climb 23.4% in the last seven days. #LINK topped not only our list, but also most of the market over the same period. At the same time, the price overcame the key resistance at $8, which quickly turned into support. The rally had a strong momentum, but when LINK approached $10, sales intensified, and now the price seems to lack the push needed to overcome this critical level. For this reason, it seems likely…
Despite being stuck in a descending triangle, #Solana is showing some signs of hope that she may break above this formation. This consolidation also led to a period of low volatility, when the price lost only 4.1% compared to seven days earlier. Read also: Analysis of the #cryptocurrency market on July 30, 2018 If Solana manages to break above this triangle, then it can rise to $ 44 and above. The daily #MACD is bullish and the #RSI is making higher highs and higher lows.…
#Cardano (ADA) has shown good results over the past seven days, recording an increase of 4% at the time of writing this publication. But after a significant rally, the price gives signs that a correction is ahead. Since the #cryptocurrency was rejected for the second time at the key resistance of $0.65, a pullback seems to be a more likely scenario. The key support levels are at $0.55 and $0.50. The last time #ADA tested $0.55, it used this level as a pivot point for another…
The #NEAR protocol (NEAR) , after a significant correction since April, NEAR may have found a local bottom at $4.7. This key support level can be tested again as the price is in a downtrend and has lost 11% of its value over the past seven days. The key resistance is at the level of $ 5.6, and in the past, bulls have not been able to overcome this level. Another attempt is likely if the bears fail to push NEAR and form a lower low on this chart. Given that the price has…
Experts keep repeating that the revival of #Terra with a new network is a pathetic attempt to fix something. The price of #LUNA 2.0 will not be able to recover from the fall. The founder and CEO of Quantum Economics cryptanalytic platform, Mati Greenspan, believes that LUNA 2.0 has no future. The crypto asset was developed for investors as a means of compensating for losses after the collapse of the #TerraUSD (#UST) stablecoin. However, Greenspan is sure that LUNA 2.0 has…
The #bitcoin hashrate is approaching another record high above 230 EH/s. According to Blockchain.com , this figure has increased significantly since the beginning of June 2022, and last week the level of complexity in the essence of IOS increased. However, the difficulty level of 30.283 t and declining prices do not allow miners to maintain high incomes. We are seeing a significant decrease in the income of miners, despite the increase in complexity. This suggests that the…
#Coinbase employees have published a petition demanding the dismissal of top management, but the founder of the exchange opposed it The founder and CEO of the Coinbase #cryptocurrency exchange, Brian Armstrong, commented on a petition in which the exchange's employees called for the top management of the site to be fired because of the ineffective management policy. In a long series of tweets, the head of Coinbase not only opposed such an initiative, but also threatened to…
Over the past weekend and on the first day of the week, #Dogecoin (DOGE) and #Synthetix (SNX) tokens demonstrate volatile trading. After billionaire Elon #Musk tweeted on Sunday morning that he would "continue to support Dogecoin," in the first hours of the Asian session, DOGE rose to $6.3, then corrected to $5.7, as traders fixed profits. Now the coin-meme is estimated at $ 0.6, while the entrepreneur added that he is buying #DOGE. The Synthetix token (#SNX) has grown by…
#TRON price is preparing for a 72% breakout!!! Since February 2021, the TRON price has been fluctuating between two important trend lines. This massive consolidation almost turned downwards, but the rapid recovery of the crypto market gave the bulls a chance to establish a bullish trend. The TRON price has formed three distinct lower highs since April 13, 2021 and four upper lows since February 18, 2021. These oscillation points can be connected using trend lines, which will…
The CEO of #Tesla and #SpaceX, Elon Musk, stressed that he did not urge anyone to invest in cryptocurrencies and all accusations of promoting the "Dogecoin pyramid" are groundless. Earlier, a US citizen Keith Johnson sued Elon #Musk for promoting Dogecoin and demanded compensation in the amount of $258 billion. Johnson stated that #Dogecoin is a fraudulent scheme, and Musk should take responsibility for promoting this pyramid. However, according to Musk himself, his support…
The profitability of #bitcoin mining has collapsed by 80% The cash flow from bitcoin #mining has decreased by 80% compared to the peak in November 2021 — to the levels of two years ago. This drew the attention of Arcane Research analysts. Experts noted that the #ASIC miner of the latest generation #Antminer S19 brings about $13,000 per #BTC mined at an electricity cost of $40 per MWh. Outdated Antminer S9 at the current price of cryptocurrencies work at a loss. Public mining…
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On June 30, the Gray Glacier hard fork occurred on the #Ethereum network on block #15,050,000. The only task of the update was to delay the activation of the "complexity bomb". We are talking about the initial code fragment of the Ethereum #protocol, the implementation of which exponentially increases the complexity of mining. It is assumed that this will make it unprofitable to work in the network on the Proof-of-Work algorithm as we move to Proof-of-Stake (#PoS).…
The #cryptocurrency market is preparing for another #rally, as evidenced by the accumulation of $25 billion in stablecoins on exchanges. This was announced on #Twitter by the head of CryptoQuant, Ki Yong Joo. According to him, the volume of stablecoins on exchanges already accounts for half of the value of #bitcoin reserves. However, it remains unclear exactly when the market will enter the phase of buying cryptocurrencies. Zhu noted that despite the collapse of bitcoin's…