Investors in bitcoin (#BTC) are practicing different strategies to cope with the ongoing fall in prices, which led to a correction of almost 70% compared to the historical maximum recorded at the end of 2021. Most investors seem to have decided to buy a flagship #cryptocurrency. In particular, 62% of bitcoin holders have not sold an asset for more than a year amid prevailing depressive market conditions. At the same time, as of September 1, 32% of investors sold the asset…
Pomerium X Project Galaxy #NFT Giveaway Season.1-4 ✅Pomerium is the P2E platform using PMR token and NFT on BNB chain. Various games plan to be published on Pomerium, so stay tuned! 🎮Pomerun? ✅Pomerun is the first game of #Pomerium and it is free for everyone to play to earn. Dodge obstacles and reach as far as you can with lovely Pome on hoverboard! Total Winners 10,000 Entry Top 1 - 30000GP Top 2 ~ 10 - 20000GP Random 20 - 3000GP (First come, first served) 10,000 - NFT on…
The Terra Classic #cryptocurrency (LUNC) of the infamous Terra project has shown significant growth over the past two weeks. The token exchange rate increased by 210% (from $0.000087 to $ 0.00027), and for the whole of August LUNC recorded an inflow of funds in the amount of more than $ 1 billion. The price of the #LUNC token was growing at a time when the leading cryptocurrencies #Bitcoin and #Ethereum, and with them other large altcoins, were getting cheaper. Experts told…
What does #Ethereum have there? IntoTheBlock analyst noticed that the upcoming Ethereum update seems to be of little interest to anyone. He noted that the number of new addresses in the #network is kept at low levels, as is the number of #ETH search queries. The cryptocurrency failed to gain a foothold at the level of $2000 or higher, which caused a meager hype inside and outside the crypto community. Suddenly awakened whales can also negatively affect the ETH rate. Over the…
The former head of #MicroStrategy, Michael Saylor, was also criticized. The prosecutor's office accuses Saylor of tax evasion in the District of #Columbia, where for 10 years of residence his debt exceeded $ 25 million. Neither Michael nor MicroStrategy agreed with the position of the authorities and denied the accusations.
#Ethereum co-founder Vitalik #Buterin gave an interview to blogger Noah Smith. Vitalik spoke about what he thinks about the coming crypto winter and explained why, time after time, after periods of impressive growth, the #market begins to fall and stagnate. Rumors that the crypto winter has gripped the market have finally reached Buterin. He explained that he had actually been waiting for a recession earlier - usually periods of impressive growth last from six to nine months…
The total revenues of #Ethereum miners in August amounted to $ 756 million, which is 37% more than in July, when it amounted to $ 545 million. According to data collected by The Block Research, just over $30 million of this amount was transaction fees, that is, #ETH was paid for transactions that should be included in blocks, and the rest was in the form of block subsidies to miners. August was the last full month of Ethereum #mining. In the period from September 10 to 20,…
On September 1, the developers of #KyberSwap revealed suspicious activity at the frontend level. After closing the interface for investigation, they found malicious code in the #Google Tag Manager (#GTM) tool. The exploit inserted a false approval for the transaction, allowing hackers to #withdraw user funds to their addresses. The team restarted the interface in less than two hours, removing the malicious code from GTM. The #attack affected two addresses. The developers…
#Bitcoin Macro Index is an autonomous trading strategy of Capriole Investments based only on fundamental indicators, which evaluates and learns from 35+ on—chain metrics of Bitcoin and stock #market indicators. Last week, it switched to the Contract mode (reduction) at the level of about $ 21.5 thousand. It was a short-term "bearish" signal and bitcoin fell to $19.5 thousand. This quarter we have a combination of three favorable factors for Bitcoin: 1. 90% of the usual…
The @shib_superstore #Twitter account of smartphone game creator Travis Johnson, who regularly burns #SHIB, has reached 10,000 subscribers. To celebrate this event, Johnson tweeted that he would give away one billion #Shiba Inu meme coins worth $12,500. A billion SHIB will go to the lucky one who completes the task first. The participant who took the second place, as it is written on the drawing page, will receive 100,000,000 SHIB. The coins will go to three people for a…
Developers of solutions for Web 3.0 will discuss the main trends of the industry at a specialized conference to be held in Israel. Main topics of the conference: • What skills are needed to work as a Web 3.0 developer. • Languages for #blockchain development. • Understanding #cryptocurrency wallets. • Learn how to #decrypt financial transactions. • Your roadmap to become a Web 3.0 developer. Date: September 22 Venue: Tel Aviv, Israel #Web3
The adjusted volume of transactions with stablecoins rose sharply in August, reaching a record level of $ 866.2 billion. According to The Block Research, the adjusted volume of stablecoins in the network increased by 32.9%, from $655.2 billion to a record level of $866.2 billion in August. According to the report, the increase is likely due to the sanctions of the US Treasury Department against Tornado Cash. #CryptoCurrency #stablecoin
The beginning of September for the #cryptocurrency market was a continuation of the sideways movement, which lasts from August 20th. The bulls did not have enough strength to raise the total value of digital assets above $1 trillion, #Bitcoin quotes fell below the key level of $ 20,000. Next week is able to return the long-awaited growing trend to the cryptocurrency market and make history. The blockchain of the largest #altcoin #Ethereum on September 6th will pass the last…
Representatives of the Input Output #blockchain project have named a new date for the fork of Vasil, which has been repeatedly postponed since the beginning of summer The long-awaited #Vasil update for the #Cardano network is scheduled for September 22. This was announced by representatives of Input Output Hong Kong (IOHK) on Twitter. According to blockchain developers, most of the leading cryptocurrency exchanges have already begun to prepare for the update. However, #IOHK…
The CEO of the #Binance cryptocurrency exchange Changpeng Zhao (CZ) shared updated information about the #CyberSwap hack, saying that his firm's security team had identified two suspects: "Binance security team has identified two suspects for yesterday's KyberSwap #hack. We have provided the intel to the #Kyber team, and are coordinating with LE (law enforcement)." The code #exploit was discovered around 2:30 a.m. Eastern Standard time on Thursday. KyberSwap provided more…
The number of unique addresses in the #Ethereum network has reached 204,571,827, increasing by more than 2 million in thirty days. According to Etherscan, on average, the network added 70 thousand addresses daily. One investor may have several addresses, so such dynamics indicates rather a growing interest in the #blockchain and indirectly hints at an increase in #network activity. The number of coins blocked on the Ethereum 2.0 network is also steadily growing. As of August…
An #Ethereum wallet belonging to actor Bill #Murray was hacked a few hours after receiving funds from an auction of non-interchangeable tokens (#NFT), where his autobiographical images were being sold. As a result, the actor lost 119.2 #ETH, an investigation to identify the perpetrator and refund the funds is already underway. Data from #Etherscan shows that the hacker began withdrawing funds on September 1. In addition, the actor's team noted that the fraudster tried to…
According to analysts, about 65% of the offer that #BTC has not been moved for more than a year. According to historical data, when such a trend appears, we can talk about possible signs of a bottom and an inevitable bull run. A similar trend was observed in 2016, causing a major bull run that lasted until 2018. At the end of 2020, this indicator also peaked, after which an uptrend began with new highs for BTC. Currently, the #market may be approaching its bottom. It is…
Joining the community discussion about burning #Cardano tokens, Input Output CEO Charles Hoskinson reiterated his position that this practice is useless. Hoskinson urged supporters of this concept to ask themselves why people are "consumed by idiocy and greed." Moreover, in his opinion, they should apologize to the Cardano #community for their ridiculous proposal. Since June 1, Cardano has been in a narrow trading range between $0.40 and $0.59, and as a solution, some…
Misconceptions about Ethereum Merge. The #Ethereum team has published on its website refutations of the main misconceptions about the merger: 1. 32 ETH #staking is required to start the node. You need to understand that there are two types of nodes (nodes) — those that can offer blocks, and those that cannot do this. Those validators who cannot offer blocks should not allocate any economic resources. 2. The merger will reduce the cost of gas The merger will change the…
The #DAXA alliance, which includes leading Korean #cryptoexchanges, announced support for the #PoW version of #Ethereum after the blockchain update. The DAXA alliance, created in June this year, united the 5 largest exchanges in South Korea: #Upbit, #Gopax, #Bithumb, #Coineone and #Korbit. Ethereum #blockchain Conversion will be the first demonstration of DAXA's work.
#Binance stops supporting #USDC, #USDP and #TUSD stablecoins. Instead, they suggest using #BUSD. According to the announcement in the official Binance blog, the automatic conversion will take place on September 29 and will affect the USDC, USDP and TUSD stablecoins. The conversion rate will be 1:1. The changes will affect many functions and services of the trading platform — #spot trading (support for pairs like USDC/BUSD, USDC/USDT, USDP/BUSD, etc. will be discontinued;…
The #Binance crypto exchange suspended #ETH transactions in the #Arbitrum and #Optimism layer 2 networks deployed on top of Ethereum, as well as #Wrapped ETH transactions in the #Ronin side chain. The suspension has been in effect since September 6 from 2:00 UTC. There is no exact date for the resumption of the networks, but most likely the developers will wait some time after the #Ethereum update to make sure that the #networks are stable. Recall that the Ethereum update…
#FTX will suspend deposits and withdrawals of #ETH and #ERC-20 tokens approximately half an hour before the Bellatrix consensus level update (epoch 144896 on the #Beacon network: September 6, 2022, 11:34:47 UTC) and the Paris execution level update.). Spot trading of ETH and ERC-20 tokens, spot margin trading and futures trading will not be affected. After the merger, one or more #PoW ETH forks may appear. If an approved fork of PoW ETH appears, FTX will charge users fork…
In two days, transactions in #Dogechain increased by 50% to 15 million!!! The Dogechain #ecosystem continues to show growth despite the controversy surrounding the #Dogecoin Tier 2 project. In particular, the official Dogechain #Twitter account indicates that a total of 15 million transactions have already been registered on the #cryptocurrency network. This record was reached three days after Dogechain announced that transactions exceeded the 10 million mark. In just three…
The #Ethereum team has activated the #Bellatrix update. The upgrade is the last step before the migration of the main network to the Proof-of-Stake (PoS) algorithm. The completion of The #Merge is scheduled presumably for September 15. On the eve of Bellatrix, only about 73% of Ethereum nodes updated the software version to the current one. A large proportion of those who are not ready to work in the updated Beacon Chain #network fell on the most popular #Geth client. The…
Galaxy.eco has rebranded in galxe.com in honor of this event, #NFT is distributed on the #Polygon blockchain. There are 40 projects in total. They will distribute 4000 $GAL tokens to holders, 100 $GAL for each project. Subscribe on #Twitter to the @SpaceIDProtocol and @GalxeHQ accounts And further down the list https://mirror.xyz/0x09f6f5c1532f0F132F789F4b92DF240f7F194a01/f2e5hNezrgFF38uRCMoZOgXia5k-oRIBu1Uz5ShiCLs You can pick up the NFT here https://galxe.com/campaigns…
#Toncoin will be registered on September 7, 2022, the asset will be available in the TON/USDT pair for spot trading. The #TON Foundation and #Huobi have announced an expansion of cooperation, which will include a number of joint events, not just the listing of the TON #cryptocurrency. According to Lily Zhang, Chief Financial Officer of Huobi Global, using its user-friendly products, TON can become one of the most promising blockchains in the digital economy. It is quite…
According to the CoinGecko service, over the past 24 hours, the #capitalization of the #cryptocurrency market has decreased by another 6% to $940.248 billion. #Bitcoin (BTC) and #Ethereum (ETH) fell by 5% to $18,795 and $1,517, respectively. #Cardano (ADA), #Solana (SOL) and #Dogecoin (DOGE) rolled back 8% to $0.464, $31.06 and $0.059. In the current cycle, bitcoin tested the minimum values around $18,674, but then was able to bounce back. Analyst at IDEG Asset Management…
Investors continue to buy #Bitcoin (BTC) on the fall below $19,000. The number of bitcoin wallets with a #balance from 1 to 10 BTC exceeded 750 thousand, despite the fact that the bitcoin exchange rate fell below $ 19,000 Over the past day, the bitcoin exchange rate has dropped below the key mark of $19,000 and tested the minimum level for the last nine weeks. BTC/USD formed a local minimum at $18,700. This is the lowest value since July 2022. Despite the collapse of the…
Miners unite to mine a block of #BTC, but sometimes luck can smile on a loner. A pool participant with a #hashrate of 270 Tx/c used the only chance in a million and received 6.25 BTC. Con Kolivas, the manager of the #bitcoin pool ckpool, tweeted that a solo miner from their pool with an #ASIC capacity of 270 Tx/s calculated bitcoin block No. 752,868. Thanks to his luck, an unknown pool user earned about $117,000 for the extracted bitcoin block at the rate of $18,700 apiece.…
Since the activation of the #Bellatrix update, there has been a significant increase in the share of missed blocks in the #Ethereum network that the #network could not verify. This indicator increased by 1,700% after the update took effect. Usually, only 0.5% of all blocks do not pass verification the first time. On Tuesday, the indicator increased to 9%. This problem may be due to the fact that almost 24% of node operators have not updated their software. Validators should…
One of the first mining pools, #f2pool, will stop supporting #Ethereum mining after the network update scheduled for mid-September. According to the platform, up to this point, the work will be carried out as usual. The Chinese platform, founded in 2013, will pay users the last #ETH coins they have mined after the completion of the "Merger" (#blockchain update). The platform offered Ethereum miners to switch to mining cryptocurrencies such as Ethereum Classic (#ETC), Raven…
Unknown persons carried out a flash loan attack on the #Avalanche blockchain-based protocol, earning $370,000 in the #USDC stablecoin. This was announced on #Twitter by representatives of the audit firm #CertiK. A certain address 0xe767c... came under #attack, as well as liquidity providers. In addition, it is reported that a #decentralized exchange based on Avalanche (Trader Joe's), #Curve Finance and #Nereus Finance suffered as a result of the attack. At the time of…
#Ethereum core developer Marius Van Der Wijden hastened to assure the community that the problem is insignificant and will not affect the #blockchain merger. https://noise.cash/post/18zwk2r0 Wiid explained that the morning spike in the number of missed blocks is due to the fact that many Ethereum node operators have not updated the software: "Nodes that have not yet been updated have faced the problem of checking blocks." #ETH #HardFork #CryptoCurrency
According to #Etherscan, on September 7, an anonymous #wallet transferred a whopping 165 billion #SHIB to #Binance. In addition, more than half a trillion Shiba Inu tokens were sent for staking. According to Etherscan, the transfer was made from the address 0xf05e2a70346560d3228c7002194bb7c5dc8fe100, the number of tokens in the transaction — 164 980 505 611 The SHIBS that have been moved to a Binance-owned wallet are obviously for the sale of a meme cryptocurrency. After…
#Terra 2.0 Luna is in a rage today, as it has soared to almost $7, having increased in price by more than 217% over the past week. While Terra Luna is reaching euphoric highs, Terra Luna Classic (#LUNC) is facing a bearish reversal to $0.00044 from a recent high of $0.000593. Altcoins have been showing bullish price momentum and unstable behavior over the past few days. But today Tegga 2.0 Luna claims the throne as probably the most unstable. From the point of view of…
#Ethereum co-founder Vitalik Buterin proposed ways to restructure the tariff plan for the Ethereum Name Service (#ENS) domain name service Referring to #OpenSea data, Vitalik Buterin noted that about 40% of all domains with a five-letter word were put up for sale at low prices on the Ethereum Name Service (ENS) platform. "Fortunately, the Ethereum Name Service charges not only a one-time fee for domain registration, but also an annual fee for its maintenance. Not all…
The interest in ATOM, as well as the general #altcoin season, played a plus for the #Luna price. https://noise.cash/post/lxkqj09m Previously, the highly depreciated native asset of the Terra #ecosystem, Luna, as a result of September 9, experienced a strong influx of investor funds. The price of Luna, compared with the minimum of September 8, increased almost three times on September 9, reaching the level of $ 5.96 by the beginning of September 10. The capitalization of Luna…
What happened a week ago seemed incredible: the presentation of #Apple smart watches affected the #bitcoin exchange rate. On September 7, the main #cryptocurrency dropped below the critical support level of $19,000, as a result of which the most nervous market participants began to worry about the beginning of a new steep price collapse. According to the Cryptovizor screener, which calculates the market price of BTC/USD based on the results of trading on seven major…
The EU Intellectual Property Office (EUIPO) has launched a project to combat counterfeiting and infringement of intellectual property rights for certain products. According to the document, for this purpose, the agency will use non–interchangeable tokens (#NFT) and #blockchain - the organization has already found a high-level architecture for creating the system. Intellectual property owners will create tokens to prove that the group of goods produced by them is genuine. At…
The #capitalization of cryptocurrencies has grown by 10% in two days, investors are set to positively win back the #Ethereum hard forks, which will transfer the blockchain of the second largest #altcoin to the #PoS algorithm during the first half of next week. Fundamental economic events can significantly strengthen the emerging positive trend of digital currencies if US inflation data show its slowdown. The August decline in the dynamics of US consumer price growth will not…
Behind all the exciting events, the anniversary of the adoption of #bitcoin as a legal tender in El Salvador somehow unexpectedly quietly passed. The historic event took place on September 7, 2021, and at the time the law came into force, bitcoin was trading at $46,000. To date, the government of El Salvador has acquired a total of 2,381 #BTC, and bitcoin has fallen by more than 60%. The unrealized loss to date is $62 million. However, few people are interested in this,…
Nigel Green, director of the financial consulting company Devere Group, explained why it is necessary to buy bitcoins now. "The continued strengthening of the dollar, associated with the tightening of the Federal Reserve policy, affects the value of #bitcoin and other risky assets. Like many other serious crypto investors, I purchase coins on the decline. I use the short—term volatility of the coin's #exchange rate to make a profit in the long term," Green said. Nigel noted…
A crypto enthusiast under the nickname #FatManTerra organized an investment campaign on #Twitter, which brought him more than 100 thousand dollars in deposits from his own subscribers and users of this social platform as a whole. Some time later, he stated that the investment scheme announced by him was actually a fake created in order to "teach a lesson" to the cryptocurrency community. The "prank" did not lead to anyone's losses: FatManTerra returned all the funds sent to…
The #AVAX price shows that the recent rebound is close to exhaustion after the immediate resistance level moved into the support floor. The #breakdown of the aforementioned barrier can lead to a sharp sell-off. After a 26 percent sell-off at the end of August, the AVAX price created a base at about $ 18. Despite the bearish forecast, altcoins received an upward momentum after the growth of bitcoin. As a result, the token grew by 18% and on September 10 set the maximum…
The search giant #Google did not stay away from the imminent transition of the #Ethereum network to the Proof-of-Stake (#PoS) algorithm – the company launched a countdown timer before the merger and created a special "doodle". In order to get access to the timer and doodle, you need to type the queries "Ethereum #Merge" or "The Merge" in the Google search bar. The doodle consists of images of two happy pandas walking towards each other with open arms – the closer the merger,…
On September 12, a message appeared on #Shibburn. Twitter account that a huge number of #Shiba Inu (SHIB) tokens had been burned in the last 24 hours. 60,848,839 #SHIB were destroyed in 12 transactions in just one day. Users can burn their SHIB using the Shiba Inu Burning incineration portal. The SHIB sent to a certain wallet can no longer be withdrawn back, respectively, these tokens are permanently removed from circulation. The Shiba Inu incineration portal was created to…
The international coffee chain Starbucks is launching a customer reward system using NFT. #Polygon provides a #blockchain for minting collectible tokens. The joint project will enable participants of the Starbucks Rewards loyalty program and Starbucks partners in the #USA to earn and buy branded NFT. Users will be able to earn non-interchangeable Starbucks tokens by completing tasks in interactive games. All planned activities are designed to give the customer a deeper…
On September 19, the #Huobi trading platform excluded trading pairs with seven confidential cryptocurrencies: #DASH, #DCR, #FIRO, #XMR, #XVG, #ZEC and #ZEN. This is due to the tightened pressure of regulators. According to Huobi's statement, the exchange strictly complies with the requirements of regulators. In accordance with Article 17 (16) of the Huobi Global Crypto Asset Management Rules, on September 6, the exchange stopped buying and selling DASH, DCR, FIRO, XMR, XVG,…
The EtherumPow (#ETHW) team announced plans to launch a blockchain supporting mining within 24 hours after the transition of the main #Ethereum network to the Proof-of-Stake protocol. The exact start time of the network will be announced 1 hour before the event with the countdown timer turned on, the developers said in a message on Twitter. The Ethereum #update is expected to take place on September 15 and will mean the termination of #mining of the leading #altcoin. In this…
The value of the market offer of the #Binance USD (BUSD) #stablecoin has surpassed the $20 billion mark. And yet several times the asset significantly deviated from parity with the dollar: - Against the background of a deep drop in the market on May 10, 2020, the BUSD price fell to $0.938, but soon recovered; - On January 5, 2020, the market value of the stablecoin decreased to $0.98, then returned to the target mark; - On February 28, 2021 and July 1, 2022, the #BUSD price…
Last week, there was a large outflow of capital from investment funds based on the #Ethereum (ETH) cryptocurrency. The report of the financial company CoinShares states that from September 5 to September 11, #ETH funds lost $61.6 million. At the same time, in 2022, the outflow of funds from these investment products has already amounted to $ 360.360 million. The capitalization level of #bitcoin funds has also decreased, but to a much lesser extent, it is likely that the…
The Norwegian company #Opera has added support for #MetaMask and other leading cryptocurrency wallets to the cryptobrowser on the eve of The #Merge in Ethereum. Users will be able to select the necessary wallet directly in the address bar using the Wallet Selector function. The solution automates the process of switching between applications when exchanging tokens or transactions with #dapps. The feature became part of the browser update, which the developers called "one of…
#Bitcoin's six-day rally ended with what any rally ends with: a fat red candle. Impressionable traders were unpleasantly surprised by #inflation in the United States. Bitcoin has been growing almost continuously from September 7 to the present day. According to the Cryptovizor cryptocurrency screener, which calculates the #market price of BTC/USD based on the results of trading on seven major exchanges, the maximum value of the asset rate corresponded to $22,912. However,…
It is expected that by 2030 the value of tokenized assets will reach $16 trillion, which will amount to 10% of global #GDP. The current figure is $310 billion. This is stated in the report of the global consulting firm #BCG and the digital exchange for private markets #ADDX. The study notes that the growth in the use of tokenized assets is expected in real estate, stocks, bonds and investment funds, as well as in patents. The report says that #tokenization and fractionation…
#Cloudflare, a company providing secure access to resources and dealing with DDOS attacks, announced support for the #Ethereum "Merger", as well as support for the #Sepolia and #Goerli test networks on Ethereum gateways. The Internet infrastructure giant Cloudflare has made this decision because it provides users and devices with access to the Ethereum network. Cloudflare is the largest Internet infrastructure company with an 80% #market share. Most crypto platforms,…
The #EOS Network ecosystem is preparing for an important update, in which the project will abandon the past "inattentive" developers On Wednesday, September 21, the EOS #Network project will update Leap 3.1, which will get rid of the former "inattentive" developers. This is reported on the official website of the project. As part of the update, the project will abandon the services of #EOSIO developers in favor of key participants of the EOS Network Foundation (#ENF). The…
The team of a potential fork of #Ethereum on the Proof-of-Work (#PoW) consensus algorithm clarified some details of the launch of the main network for community members. "ETHW Core: An open letter to the Ethereum community [3/9]: Mainnet Launch and ETHW Mining Pool It seems that the Ethereum Foundation will not slow down moving to PoS, so it’s time to talk about #ETHW, the PoW chain, which is the backbone that the #Web3 is currently built upon. 1/n" They reminded that the…
Which coins will #Ethereum miners switch to after the merger? Ethereum will face big changes on September 15, so the main question arises about where Ethereum miners will go. Ethereum Classic miners are likely to be one of the main beneficiaries of the transition to Proof-of-Stake. Ethereum miners face drastic changes after the network switches to the Proof-of-Stake (#PoS) consensus mechanism from the Proof-of-Work (#PoW) system, and their role is effectively terminated,…
The US stock market has been losing for the second day in a row. The S&P 500 and #Nasdaq indexes fell 0.5%. The blow to risky assets was caused by the information about the increase in inflation in the United States, published last Tuesday. #Bitcoin (BTC), after the activation of sellers, showed the strongest drop in the last three months. On the night of Thursday, September 15, the #BTC rate fell below $ 20,000. At the time of publication of this review, the largest digital…
According to CryptEue, in the last 24 hours, an unknown cryptowhale has acquired 160.4 billion #SHIB worth the equivalent of $ 2 million. The purchase took place at the time of a strong drop in the price of Shiba Inu against the background of negative news about inflation in the United States, which affected all financial markets. In total, 200.6 billion SHIBS have been received to this wallet over the past seven days, which is equal to $ 2.5 million. Currently, 14.6…
The computing power of the #Ethereum Classic network has been growing over the past few weeks. Analysts attribute this trend to the connection of miners who leave Ethereum before the Merge fork. In a month, the #ETC hashrate soared by more than 200% from 30 terahashes per second (Th/s) to 66 Th/s. According to #BitInfoCharts, on September 15, the Ethereum Classic #hashrate reached 66.84 Th/s, which is a historical maximum for the #blockchain. Recall that as a result of the…
The #Bitcoin mining difficulty index increased by 3.45%. According to the bitcoin #blockchain metrics, the mining difficulty index increased by 3.45%, to a new historical maximum of 32.05 trillion. This was the fourth consecutive increase in this indicator — the previous time it jumped by 9.26%, which happened two weeks ago. This indicator followed the growing bitcoin #hashrate, which in early September reached its absolute record of 264.8 Eh/s, after which it slightly…
The analytical company #Santiment reported on #Twitter that shortly after The #Merge update was completed and the #Ethereum network switched to Proof-of-Stake (#PoS), 45.15% of nodes launched for block verification, transaction processing and data storage work with only two addresses. This confirmed that the transition of Ethereum to PoS may not be without fundamental problems and caused the crypto community new concerns about the centralization of the network. At the time…
The update of the main altcoin The #Merge (Ethereum 2.0) activated today is undoubtedly an important event for the #cryptocurrency market. However, not all epochal news leads to an increase in prices. Perhaps someone looked positively at what was happening on the #Ethereum network, but not traders and miners. The first ones started selling, and the second ones got discouraged: they lost the opportunity to mine #ETH tokens, including using video cards. According to the…
Miners are massively switching to other blockchains after migrating #Ethereum to PoS. This led to an explosive growth of hashrate in the #Ravencoin (RVN) and #Ergo (ERG) networks. Thus, the hashrate value on the Ravencoin #blockchain has more than doubled. Just two days ago, it fell short of 10 terahesh/sec, and now it exceeds 17 terahesh/sec. In the Ergo network, the same indicator on Wednesday was 35.32 terahesh/sec, and now it has grown above 200 terahesh/sec. Meanwhile,…
Employees of the aggregator of decentralized #cryptocurrency exchanges #1inch have discovered a critical vulnerability in the #Profanitu software for generating #Ethereum addresses. "Attention, Ethereum owners! Your coins can be stolen. Beware of using addresses generated using the Profanit tool," said Anton Bukov, director of 1inch." 1inch experts advise to withdraw #ETH from wallets whose addresses were created using Profanit as soon as possible, as well as to change the…
The American Environmental Working Group (#EWG) has announced that it will launch a $1 million campaign to encourage #Bitcoin to switch to Proof of Stake. After switching to PoS, #Ethereum has reduced its energy consumption by more than 99%. Michael Brune, EWG Campaign Director: "Other protocols have been working on effective consensus mechanisms for years. Bitcoin has become an exception, defiantly refusing to take responsibility for the climate." EWG senior vice president…
The Colorado Department of Revenue has allowed residents to make tax payments in cryptocurrencies. Transactions are carried out through #PayPal, which supports #Bitcoin, #Ethereum, Bitcoin Cash and #Litecoin. Currently, only personal accounts can be used. The commission is $1, and 1.83% of the total payment amount is also charged. The initiative was launched in early 2022 by the governor of the state, Jared Polis. According to him, paying taxes in cryptocurrencies "will…
The XRP #cryptocurrency has been growing for more than a week, and during this time it has significantly outpaced other leading cryptocurrencies. #XRP is trading at $0.49 with an increase of more than 18% per day and an astounding 52% per week, after reaching a four-month high at $0.55 today. Over the past week, the trading volume of XRP has jumped to $7 billion, having increased by 105% in the last 24 hours alone. As a result, XRP has become the most productive coin among…
The Ukrainian #bank Unex Bank, together with the #Mastercard payment system and the fintech company Weld, has issued the country's first #cryptocurrency card called the weld card. The bank card is linked to a wallet for storing digital assets created in the Weld Mopeu service. At the time of payment for a purchase or service, Weld Mopeu converts the coins stored in the account into fiat currency and transfers the money to Unex Bank. At the moment, the weld card only works…
#Ethereum co-founder Vitalik Buterin expects that two other proof-of-work blockchains, #Zcash and #Dogecoin, will switch to a proof-of-stake consensus in the future. Zcash and Dogecoin are likely to follow in Ethereum's footsteps and eventually move to proof of stake after the consensus model matures, Buterin said at this year's Mainnet #blockchain event. #CryptoCurrency #PoS
The lava of the #Binance cryptocurrency exchange Changpeng Zhao invited users to voluntarily burn #LUNC during trading The Binance #cryptocurrency exchange may introduce the service of voluntary burning of 1.2% LUNC at each trading operation. This is reported in the exchange's blog. The service will be implemented on a mandatory basis for all those who voted only if the volume of accounts that voted for the innovation will hold more than 25% of all LUNCS on the exchange.…
User @Excellion (Samson Mou) posted an optimistic statement on #Twitter regarding the leader of the #bitcoin (BTC) #cryptocurrency market. Respected in the crypto community, Mou wrote that in the coming weeks the king of the crypto market will make a big step up, and shared a tweet published by @w_s_bitcoin. The current price of #BTC fluctuates slightly above the level of 19 thousand dollars, this is #CoinGecko data. The statistics also reflect a daily increase of 1.6% with…
On-chain statistics show that after the #Merge update, the volume of emissions in the #Ethereum network dropped sharply. This dynamic indicates deflationary processes in the #blockchain According to Ultra Sound Money, since then the rate of issuance of new coins has fallen by 98%. After Ethereum switched to the proof-of-stake consensus algorithm, the volume of supply increased by 7,385.47 #ETH, whereas on the Proof-of-Work model, over the same period, the increase would have…
Buterin promised users to solve the problem of scalability of the #Ethereum blockchain within 18 months. However, the founder of the project assured that there will be no anonymous transactions of #ETH and tokens over the next five years. Despite the confidence of the leading developers in the need for #anonymization in order to attract users, Buterin sees what such steps lead to. #Monero and #DASH dropped out of the top 25. Most exchanges have removed these coins from the…
From the structures that allow you to open short for the first #cryptocurrency, $5.1 million was withdrawn from September 17 to 23. Prior to that, inflows were recorded for seven consecutive weeks, as a result of which their AUM reached a record $172 million, analysts at CoinShares write. Receipts of funds into cryptocurrency investment products in general for the reporting period amounted to $8.3 million against $7.3 million a week earlier.
Significant differences are demonstrated by the comparison of the holders of #Litecoin (LTC) and #Ethereum (ETH) who have made a profit. As of September 25, for Litecoin owners whose #investments are still profitable at the current #LTC price of $ 53, it is 14%. The overwhelming 74% of users incur losses, the remaining 12% are at the break-even point, this is TipRanks data. Against the background of increased network activity and its significant decrease compared to the…
Over the past day, the price of #bitcoin has increased by more than 8%, returning to above $20,000. At the time of writing, digital gold is trading around $20,250. The second largest #cryptocurrency by capitalization #Ethereum has come close to the level of $1,400, near which it was last traded on September 21. The largest growth over the past day was demonstrated by the #UNI token from #Uniswap — 18.1%. #Solana (#SOL) and #Polkadot (#DOT) rose by 8.9%. The total market…
The Proof-of-Stake (#PoS) consensus algorithm can lead to "excessive concentration of decision-making powers in the hands of crypto exchanges and custodial service providers with risks to the integrity of markets. This was stated by the IMF in a study on the regulation of the industry. Experts offered their ideas regarding changes in the regulatory #framework that could limit the risks associated with digital assets. The document states "the need for supervisory authorities…
Analysts have pointed out that the value of #networks grows as the number of participants increases in accordance with Metcalf's law. If #Bitcoin follows the trend of disruptive networks such as mobile phones and the Internet, the application of Metcalf's law suggests a bullish scenario for Bitcoin. In this vein, a modest consideration of the future price of #BTC will lead to the fact that by 2030 it will exceed 1,000,000 dollars. According to analysts, the introduction of…
The #Ethereum network presents the #ERC20R and #ERC721R token standards with the ability to return transactions. The loss of Ethereum tokens and any other cryptocurrencies, regardless of the reason - whether it is theft or a lost seed phrase — is an irrevocable phenomenon. It is very rare for cybersecurity experts to recover a private key, while attackers, for obvious reasons, will not return the stolen crypt. However, the situation may change thanks to the work of…
Circle company announced that after converting #USDC to #BUSD on the #Binance #cryptocurrency exchange, the number of blockchains supporting the USD Coin stablecoin will be increased from 8 to 13. The issuer of the USD Coin (USDC) and Euro Coin (#EUROC) stablecoins announced that it is working on expanding the US dollar-backed #stablecoin on five major blockchains. In particular, Circle plans to launch USDC on #Arbitrum, #Cosmos, #NEAR, #Optimism and #Polkadot in early 2023.…
The US Securities and Exchange Commission has classified airdrops (free distribution of tokens) as illegal methods of distributing securities in the charges brought against Hydrogen Technology Corporation, its former CEO Michael Ross Kane and CEO of Moonwalkers Tyler Ostern. The SEC's lawsuit states that in 2018, the New York company Hydrogen, which has ceased its work at the moment, created the Hydro #token, and then publicly #distributed it with the help of airdrops,…
#Ethereum co-founder: the result of the "Merger" does not correspond to the initial idea!!! After the successful upgrade of the "Merger", which transferred Ethereum to the Proof-of-Stake (PoS) protocol, it is expected that the #cryptocurrency, which occupies the second place by market capitalization, will grow in price and expand adoption. However, in the first days after this event, there were concerns about the centralization of the network. In particular, Ethereum…
The launch of the #Binance mining pool #EthereumPoW raised the price of #ETHW by 15% The world's largest crypto exchange Binance has announced the launch of the Ethereum mining pool with proof of work (ETHW). After the announcement, the price of EthereumPoW (ETHW) soared by 15%, reaching a 24-hour high of $12.71. Binance Pool has introduced zero commission to promote ETHW #mining in the Ethereum Proof-of-Work (ETHW) pool. From September 29 to October 29, all users will be…
About 45% of the blocks in the #Ethereum network are verified through bots that comply with US sanctions, said Lakhan Fini, CEO of the #blockchain company Labrys, in an interview with Cointelegraph. According to him, the data of reports stating that only 25% of such blocks are already outdated, and at the moment, probably every second block is subject to censorship. Feeney explained that an increasing number of #ETH validators are starting to use centralized MEV-boost relay…
@BOMBERuss