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Showing posts from June, 2023

Ethereum transactions frozen for 12 seconds

A recently organized team of researchers, the ​​Special Mechanisms Group (SMG), demonstrated Thursday how to take advantage of a facet of the proposer-builder separation market to force through an Ethereum block containing just one transaction : theirs. Proposer-builder separation (PBS) is intended to increase censorship-resistance by separating the roles of block builders and block proposers in the more-or-less unceasing Ethereum blockchain. But the group found a way to use the feature to make a very public point. Loading Tweet.. The block’s lone transaction embedded a URL to a presentation and research paper on SMG’s website, describing the problem and proposing potential ways to address it. Reactions were decidedly mixed. Ryan Berckmans, a former software engineer at Augur, was among many who pointed out that Ethereum’s gas fee market would make it difficult to delay transactions using this method for long, but noted it did reveal certain problems in the way some applicati...

The world’s biggest Bitcoin conferences: Decentralize with Cointelegraph

What do thought leaders at the world’s largest Bitcoin conferences make of Bitcoin in 2023? This week’s Decentralize with Cointelegraph podcast focuses on Bitcoin 2023 in Miami and BTC Prague. As the bear market rages on, the die-hards, evangelists and Bitcoin believers just keep building. In this week’s episode of Decentralize with Cointelegraph , reporter Joe Hall spoke to CEOs, key opinion leaders and cryptographic visionaries at two of the world ’s largest Bitcoin (BTC) conferences : Bitcoin 2023 in Miami, Florida, and BTC Prague in the Czech Republic. While BTC’s price has remained stubbornly under $30,000 in 2023, the Bitcoin 2023 conference welcomed 15,000 Bitcoin enthusiasts through its doors just off Miami Beach. In June, the first edition of BTC Prague set records as more than 7,000 attendees hit the Czech capital to learn about and interact with Bitcoin. Despite taking place on different continents roughly two weeks apart, the themes and discussion points overlapped. Bitcoi...

Tradecurve preferred over Lido DAO and Floki Inu after surging 80%

The cryptocurrency industry has experienced notable progress since its inception, resulting in the emergence of several projects with extensive utility and promise. Consequently, investors have shown significant interest in cryptocurrencies due to their growth potential. Among these projects, Tradecurve has garnered attention from experts who believe it can surpass the trading activity, trading volume, and utility of projects such as Lido DAO and Floki. >>Buy TCRV tokens now<< Lido DAO prices fall 80% from all-time high Lido DAO is a decentralized autonomous organization (DAO) that offers staking infrastructure for multiple blockchain networks. Notably, its most significant contribution has been providing a liquid staking solution for Ethereum.  You might also like: Trust Wallet Token and Tradecurve coins surge over 20% in 7 days, SHIB is green Lido’s native currency, LDO, is ranked 32nd, boasting a market capitalization surpassing $1 billion and the highest ...

Twitter User Predicts That LTC’s Market Cap Will Soar by 2025

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Crypto Twitter user Shan Belew predicted that LTC’s market cap may reach the 100s of billions by 2025. At press time, the altcoin’s market cap was around $6.136 billion. Technical indicators suggested that LTC’s price would drop in the next 48 hours. The crypto Twitter user Shan Belew predicted in a tweet published earlier today that the market cap for Litecoin (LTC) may climb more than 10X between now and 2025. In the post, he forecasted that the crypto’s market cap could reach the 100s of billions in 2025.  This would be a substantial increase in LTC’s market cap, which, at press time, stood at around $6.136 billion according to CoinMarketCap. Meanwhile, LTC was trading at $83.94 after its price dropped more than 3% over the past 24 hours. This negative daily performance had pushed LTC’s weekly performance further into the red to -3.29%. In addition to weakening against the Dollar, LTC was also outperformed by the two market leaders Bitcoin (BTC) and Et...

Israel Seizes Millions in Crypto from Iranian Military

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Join Our Telegram channel to stay up to date on breaking news coverage According to reports by the Israeli Defense Ministry, the Israeli government has seized millions of dollars in digital funds from accounts intended for use by two powerful Iranian-backed groups, Iranian military and the Hezbollah militant group. Israel Seized $1.7M in #Crypto From Iranian Military and Hezbollah With Chainalysis' Aid#Web3Wiser — Wise (@web3wiser) June 28, 2023 The operation, carried out by Israeli intelligence agencies, aimed at disrupting the funding networks of these Iranian proxies, as they have been known to utilize cryptocurrencies for illicit activities.  Additionally, both groups have been designated by the United States and some other states as terrorist organizations, locking them out of the conventional global financial system. This makes it the first time any agency has seized cryptocurrency from Hezbollah and Iran’s Quds Force, based on reports from Chainalys...

Weekly crypto market analysis: TCRV, XMR, and SHIB

The crypto market had a difficult start to June due to regulatory pressure, causing a price decline. However, there has been a recent surge of interest from institutional investors, leading to a positive shift in the value of many digital assets. In this article, we will look at the market analysis of three top cryptocurrencies in the market: tradecurve (TCRV), monero (XMR), and shiba inu (SHIB). XMR market analysis Monero is exhibiting a bullish trend across all charts, spearheading a new wave of bullishness in the privacy coin ecosystem.  XMR is currently trading at $164.15, a 2.12% increase over the past 24 hours. Monero has been leveraging the recent market growth, consolidating its positive momentum with a substantial gain of 19.15% over the past week. You might also like: Tron price analysis, tradecurve, and optimism up over 20% Moreover, CoinMarketCap reports a significant surge of 16% in Monero’s trading volume within the last 24 hours.  The lat...

Shiba Inu News: Shibarium Testnet Reaches 25 Million Transactions, SHIB & BONE To Rally?

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According to Puppyscan blockchain explorer, Shibarium beta Puppynet has completed 25 million transactions since its launch on March 11. The transaction rate increased significantly amid renewed sentiment in the crypto market. Puppynet hit 10 million transactions on May 20 and 20 million transactions on June 11. advertisement The total blocks processed by Shibarium beta Puppynet surpassed 1.45 million and number of wallet addresses increased to 16.98 million. The blockchain remains stable as the average block time remains at 5 seconds and the gas fee is near 1 Gwei. Shibarium Release and Shytoshi Kusama’s Goodbye The community awaits the announcement of the Shibarium mainnet from lead developer Shytoshi Kusama. Earlier this week, Kusama and SHIB marketing specialist Lucie hinted at Shibarium ’s release soon. Lucie in a tweet on June 27 also shared publishing the “Worldpaper” before the Shibarium mainnet release. The Worldpaper will deta...

Top Selling NFTs This Week – Blue-chip Azuki and Beanz NFTs Rise in Rankings

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Join Our Telegram channel to stay up to date on breaking news coverage After suffering from the recent United States Securities and Exchange market impulsion, the non-fungible token market continues showcasing strong market resilience. The NFT interest has negated the recent negative news about SEC cracking down on Binance and Coinbase and has begun pumping. Below we have listed some of the top-selling NFTs this week: Top Selling NFTs: Source: CoinGecko.com 1. Azuki NFTs Take The Top Spot Azuki, an NFT collection from digital asset firm Chiru Labs featuring a limited edition of 10,000 NFTs, takes the top position this week in our ten top-selling NFT lists. The NFT collection has risen in ranking following the recent bullish news about the upcoming new Elementals NFTs. Elementals NFTs are slated to start minting today, June 27, 2023. In the past 24 hours, Azuki has recorded a trading sales volume of 2,964 ETH. Blue-chip Azuki has a market capitalization of $267 million and a...

Bitcoin Price Steadies Uptrend Above $30,000 As Bulls Eye More Gains – Why Is This BTC Buy Signal The Key

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As reported in the previous Analysis , Bitcoin price only needs to uphold the position above $30,000 this week to allow for more buyers to join the bandwagon, thus creating enough momentum to settle scores with the seller congestion in the region between $31,000 and $32,000. advertisement Bitcoin price has, in the last 24 hours, gained only 0.6% while boasting a 13% uptick over the last week. With the BTC dominance continuing to grow such that it stands at $590 billion, up from $303 billion just after the FTX-triggered crash in November, the market outlook will probably stay substantially bullish in the short term. Bitcoin Price Could Experience Turbulence Before Lifting to $38,000 Despite the calmness currently experienced in the crypto market, in a recent commentary shared with CoinDesk, Deribit’s Chief Risk Officer, Shaun Fernando, shed light on the ‘max pain’ threshold for Bitcoin. This is a critical market juncture that could inflict the g...

Over $83M Liquidity Unlocked this Week in Digital Tokens

Over $83.38 million in liquidity has been injected into the crypto token market. SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH account for the newly injected liquidity. SUI tops the liquidity injection with $44.4 million volume. According to Token Unlocks, over $83.38 million in liquidity has been injected into the crypto token market this week across multiple projects. Accounting for this volume includes SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. The total volume spreads across each of the listed tokens at different ratios. It also represents varying portions of their circulating supply. This week's cliff unlocks are over $83.38 m Highlight are $SUI & $OP$SUI 11.6% – $44.4 m $OP 3.8% – $31.9 m $YGG 3.9% – $2.8 m$AGIX 0.8% – $2.4 m$ACA 4.3% – $1.2 m$GAL 1.3% – $0.7 m#1INCH 0.01% – 20.6 k ( % Cir. supply ) Link ️ : https://t.co/8XoTR8tBPT pic.twitter.com/qX1L2uapvM — Token Unlocks (@Token_Unlocks) June 26, 2023 ...

US Treasury yields are rising — What does it mean for Bitcoin price?

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The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time. United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars. Assuming the worst-case scenario of the U.S. government eventually defaulting on its own debt, what happens to the families, businesses and countries holding those bonds? The lack of interest debt payments would likely cause a global shortage of U.S. dollars, triggering a cascading effect. But, even if that scenario comes to fruition, history shows us that cryptocurrencies may work as a hedge during periods of uncertainty. For instance, Bitcoin vastly outperformed traditional wealth preservation assets during t...

Over 25.5 million ethereum staked, more ETH holders withdrawing from exchanges

Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase.  As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week.  Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over 216,000 transactions that have seen users stake over 25.5 million ETH worth over $48.9 billion at spot rates. Notably, this trajectory has been steadily rising, indicating support from the broader Ethereum community and confidence in the state of the network. You might also like: Ethereum’s zkSync Era reaches $500m in TVL Ethereum recently shifted from a proof-of-work to a proof-of-stak...