Balita sa Industriya ng Crypto at Market Trends

A look at what prompted high activity on Ethereum scaling solutions

Ethereum　　A look at what prompted high activity on Ethereum scaling solutions　　6 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Ethereum [ETH] layer-2 (L2) landscape has expanded by leaps and bounds in 2023. The blockspace demand for scaling solutions has hit the roof with users onboarding to capitalize on its relative advantages.　　L2s see sharp rise in transaction fees　　Erik Smith, Chief Investment Officer at 401 Financial, and a keen observer of the blockchain industry, took to social platform X to highlight the rapid strides taken by this emerging sector.　　Citing data from on-chain analytics firm Token Terminal, Smith stated that network fees collected by L2 networks ballooned from 0 to $15 million in a span of just two years.　　It was astonishing to observe that exponential growth came during the bear market. Notably, this was the phase where on-chain activity across major L1s stagnated.　　L2s unburden Ethereum　　Over the years, Ethereum has been severely bogged down due to rapidly growing user traffic. This led critics to question its scalability in the long run.　　L2 solutions, built atop the base layer Ethereum, were found to be the answer to the scalability question. It was planned that over time, these L2s would handle the majority of low-value transactions, with the

2023-09-30Ethereum

Maaaring I-activate ng ALGO ang Bullish Trend Kung Ito ay Bumaba ng $0.105 na Paglaban

Michael van de Poppe revealed that ALGO will have to overcome $0.105 before it can make a bullish move up.　　A significant bullish technical flag was recently triggered on ALGOs daily chart, which could allow it to overcome the $0.105 resistance soon.　　ALGO was trading hands at $0.1 after its price was able to increase by more than 4% over the past day.　　Renowned cryptocurrency trader and analyst, Michael van de Poppe, revealed on X yesterday that he is still bullish on Algorand (ALGO). According to the analyst, ALGO might still have to test the lows around $0.09 before the tokens price can start looking to make a move up.　　Van de Poppe also predicted that flipping resistance levels will be key for ALGO to start activating a bullish trend. In particular, the analyst pointed out that ALGO will have to overcome the $0.105 resistance and flip it into a support before a bullish move can happen.　　Humiling 02 - $ ALGO　　Still unchanged.　　Through that I‘m assuming we’ll need to start flipping levels to activate a bullish trend.　　In the current price action, Id be expecting a renewed test of the lows before we reclaim $0.105.　　Reclaim $0.105 = bullish activation. pic.twitter.com/8ZNycHOMMO　　- Michaël van de Poppe (@CryptoMichNL) Septiyembre

2023-09-30Industriya

Analysts FED Interest Rate Projections Ahead of Powells Speech - A Surprise Coming?

According to a recent report, Capital Economics analysts predict that the FED will make its upcoming interest rate decisions faster than anticipated.　　According to analysts, the slowing US economy is expected to prevent the FED from increasing interest rates further and lead to an interest rate cut earlier than expected, thus stimulating stock markets.　　The report discusses the “higher interest rates for longer” discourse currently dominant in the markets and suggests that this situation may not continue until 2024.　　Despite hawkish signals from the Fed, markets remain reluctant to factor in another rate hike. Instead, they are pricing in rate cuts to begin in mid-2024, slightly ahead of the Federal Open Market Committee (FOMC) projections.　　But Capital Economics analysts think these rate cuts will start earlier and move faster than currently reflected in Fed funds futures. Finally, the report expressed the view that these earlier-than-expected interest rate cuts could trigger a decline in long-term interest rates and a rally in risky assets.

2023-09-30Industriya

Pinalawak ng SBI Remit ang Ripple Partnership para Pahusayin ang mga International Remittances sa Japan

SBI Remit, a longtime Ripple partner, has increased its presence in Japan. The parent firm of SBI Remit, SBI Group, revealed on Thursday that SBI Remit has teamed up with Japans Shonan Shinkin Bank to offer an international remittance service.　　This partnership between SBI Remit and Shonan Shinkin Bank aims to provide a convenient and efficient solution for international employees in Japan who need to transfer money abroad. By leveraging the expertise and network of both institutions, this service will help meet the growing demand for international remittances in the country.　　Establishment in the Kanagawa Prefecture　　The most recent agreement between SBI Remit and Shonan Shinkin Bank, on the other hand, is focused on facilitating remittances sent by overseas employees. According to the official statement, there has been a significant increase in the need for foreign workers in the areas where Shonan Shinkin Bank does business, notably in the developed Kanagawa Prefecture region.　　Kanagawa Prefecture is Japan‘s fourth-biggest area with foreign workers, with a record number of employees. The expanding number of firms opening in the region, as well as the acceptance demands of international employees, make Shonan Shinkin Bank’s relationship with SBI Remit suitable.　　SBI Remit and Shonan Shinkin Bank will collaborate on “the

2023-09-30Industriya

Ginamit ng BIS ang Ethereum Testnet At Code ng Curve Finance Sa CBDC Pilot

Ethereum　　Ginamit ng BIS ang Ethereum Testnet At Code ng Curve Finance Sa CBDC Pilot　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Talaan ng nilalaman　　A developer has revealed that the Bank of International Settlements (BIS) reportedly used the Ethereum Sepolia testnet and Curve Finances smart contracts as the base for Project Mariana, its CBDC pilot.　　This comes after BIS chief Agustin Carstens stated that countries must set up legal frameworks for CBDCs.　　Project Mariana Used Ethereum Testnet And Curve Finance Code　　Project Mariana‘s goal was to explore the application of Central Bank Digital Currencies (CBDCs) to enhance the efficiency and security of cross-border payments. The Bank of France confirmed the project’s successful conclusion.　　With the project ending, a developer has revealed that the Bank of International Settlements used Ethereum‘s Sepolia testnet and Curve Finance’s smart contracts as the projects base. Both were used to test the efficacy of the cross-border forex automated market maker pilot.　　The successful conclusion came after the general manager for the Bank of International Settlements (BIS), Agustin Carstens, stated that countries must set up legal frameworks to facilitate the deployment of CBDCs. A paper by the International Monetary Fund (IMF) stated that around 80% of banks are not allowed to issue a CBDC

2023-09-30Ethereum

Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key

Ethereum　　Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum is attempting a fresh increase above the $1,620 level.　　Ang presyo ay nakikipagkalakalan sa itaas ng $1,620 at ang 100-oras na Simple Moving Average.　　Mayroong isang pangunahing linya ng trend ng bullish na bumubuo na may suporta malapit sa $ 1,645 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).　　Maaaring patuloy na tumaas ang pares kung aalisin nito ang $1,670 resistance zone.　　Tumaas ang Presyo ng Ethereum　　Ethereums price formed a base above the $1,580 level. ETH remained stable and climbed above the $1,620 resistance zone to move into a positive zone, like Bitcoin.　　There was a move above the $1,650 level but upsides were limited. A high was formed near $1,667 and there was a minor downside correction. The price is now trading near the 23.6% Fib retracement level of the upward move from the $1,583 swing low to the $1,667 high.　　Ethereum is trading above $1,640 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,645 on the hourly chart of ETH/USD.　　Pinagmulan: ETHUSD sa TradingView.com　　On the upside, the price might face resistance

2023-09-29Ethereum

Ethereum (ETH) Boosts Altcoin Sell-off as Liquidations Hit New High

crypto Ethereum　　Ethereum (ETH) Boosts Altcoin Sell-off as Liquidations Hit New High　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Godfrey Benjamin　　Crypto liquidation deepens, with Ethereums bearish impressions weighing on top altcoins　　Current liquidation data has signaled a new correlation on Ethereum (ETH), which is impacting the growth performance of altcoins on the market today. Data from Coinglass shows that a total of $16.71 million worth of Ethereum has been drained from the options market in the past 24 hours.　　The liquidation data models related a bearish slump on Bitcoin, whose liquidations have also topped $18.86 million overnight. The general bearish outlook of Ethereum had a profound effect on the altcoins in the market today. The data and its impact have dragged the price of Ethereum to $1,600, down by 0.97% in the past 24 hours.　　This drag is also reflected in the current price of XRP, which is down by 2.67% to $0.5013. Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) are also down by 0.66%, 1.70% and 0.13%, respectively. The liquidation chart underscores similar trends over time, wherein the performance of BTC and ETH weighs accompanying altcoins across the board.　　According to the current liquidation heatmap from CoinGlass, there is certainty that Ethereum will be hitting

2023-09-29Ethereum

Devnet, testnet, mainnet: Ang susunod na pag-upgrade ng Ethereum ay umuusad — dahan-dahan

Ethereum　　Devnet, testnet, mainnet: Ang susunod na pag-upgrade ng Ethereum ay umuusad — dahan-dahan　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Say hello to Holešky, a new Ethereum testnet that successfully went live today after a configuration problem prevented the network from launching two weeks ago on the 1-year anniversary of the Merge.　　Holešky is intended to replace Ethereum‘s Goerli testnet — Ethereum’s validator and staking-focused testnet — which will be retired in 2024.　　A minor bug reported on todays all-core-developers call, affecting some Prysm Ethereum clients, was not enough to derail the launch, according to Barnabas Busa, a software engineer at the Ethereum Foundation. Validator participation has been climbing in the hours since, Busa said, expected to reach 90% by Friday.　　Goerli is still expected to be used for the Dencun upgrade, featuring EIP-4844, on its way to mainnet release.　　But before that step, the upgrade has been running a gauntlet of developer networks — or devnets.　　Core developers discussed the imminent launch of Devnet-9, which will debut “Friday or early next week” according to project coordinator Tim Beiko. Thats slightly delayed from the planned Sept. 27 start date projected on the previous developer call.　　The Dencun upgrade initially aimed for a hard fork date in the

2023-09-29Ethereum

Valkyrie Ethereum Futures ETF Receives U.S. SEC Approval To Launch Next Week

Ethereum　　Valkyrie Ethereum Futures ETF Receives U.S. SEC Approval To Launch Next Week　　18 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ayon sa , the Securities and Exchange Commission (SEC) has given the green light to Valkyrie, allowing the conversion of its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. Effective October 3rd, the newly rebranded “Valkyrie Bitcoin and Ethereum Strategy ETF,” retaining its code as BTF, is set to debut on Monday.SEC Greenlights Valkyrie Ethereum Futures ETF　　This groundbreaking move makes Valkyrie the first ETF provider in the United States to offer simultaneous exposure to both Ether and Bitcoin futures contracts within a single fund. The transformation comes as the Valkyrie Bitcoin Strategy ETF has gradually increased its involvement in Ether futures contracts, marking a significant shift from its previous Bitcoin-only focus.　　Valkyrie Ethereum futures ETF, which was originally centered on Bitcoin futures, swiftly filed for conversion to this dual-exposure fund. This strategic maneuver allowed Valkyrie to outpace competitors who had initiated filings for entirely new funds following a similar investment approach.　　Valkyrie Pioneers Dual-Exposure ETF in the US Crypto Market　　Notably, the Valkyrie Ethereum Futures ETF gained approval ahead of others due to its comprehensive prospectus that incorporated updated risk disclosures related

2023-09-29Ethereum

Tether Uplifts Crypto World with 750M USDT Swap from Tron to Ethereum

crypto Ethereum　　Tether Uplifts Crypto World with 750M USDT Swap from Tron to Ethereum　　Balita ng Ethereum ng Bitcoin　　In an exciting twist of events, Tether, the highly-regarded stablecoin company, has disclosed its plan to collaborate with a third-party exchange to facilitate a major chain swap. Tether is transferring an enormous sum of 750 million USDT from Tron TRC 20 to Ethereum ERC20. This mega-switch doesnt affect the total supply of USDT, ensuring the smooth transition of assets, as stated by the firm.　　The concept of chain swapping essentially refers to the transfer of digital currencies from one blockchain to another. Such a move broadens the horizon for traders, granting them entry to diverse blockchains that support their held cryptocurrency. Ultimately, this offers traders more options to utilize their digital assets on different supportive blockchains.　　Billion-Dollar USDT Mint on Ethereum in Progress　　The chain swap announcement comes close on the heels of Tether‘s fresh creation of $1 billion worth of USDT on the Ethereum blockchain on Monday. Tether’s esteemed Chief Technology Officer, Paolo Ardoino, elucidated on Twitter about the latest billion-dollar creation being a significant part of the firm‘s inventory replenishment on the Ethereum Network. This transaction, although authorized, is “not issued”, implying it’ll be used

2023-09-29Ethereum

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