Balita sa Industriya ng Crypto at Market Trends

Ethereum Network Fees Hits Yearly Lows; Is the Bottom In?

Ethereum　　Ethereum Network Fees Hits Yearly Lows; Is the Bottom In？　　35 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　has continued to show resilience in its price recovery, with a 37% year-to-date increase, although it still lags significantly behind its all-time high of $4,891 in November 2021, reflecting a substantial 67.44% decline.　　In the past week, the cryptocurrency has witnessed a 2.67% decline, with its current trading price at $1,592, according to Coinmarketcap data. Additionally, its trading volume has seen a significant drop in the last 24 hours, plummeting by 41.83% to $2.93 billion.　　Whats contributing to Ether price drop？　　Bukod sa experts have attributed Ethereums relatively subdued performance to its transition to the Proof-of-Stake (PoS) consensus algorithm, commonly known as “The Merge.”　　While this transition introduced notable improvements, such as an impressive 99% reduction in energy consumption and the adoption of a deflationary model, it also led to an upsurge in liquid staking. Approximately 10% of the total supply, equivalent to approximately 12 million ETH, is now locked within platforms like Lido Finance. This shift has raised apprehensions about network centralization and exerted downward pressure on Ethers performance.　　In a Thursday report, JPMorgan analysts noted that despite the energy efficiency and deflationary mechanisms, “the increase in network

2023-09-24Ethereum

Pupunta ba sa US si Terra Co-Founder Do Kwon? Paggalaw ng SEC Files

In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs and co-founder Do Kwon, the SEC seeks deposition from Kwon. Meanwhile, Do Kwon remains in prison in Montenegro until the end of the year for passport fraud allegations, with extradition proceedings yet to begin.　　US SEC Files Motion in Terra Lawsuit　　The U.S. Securities and Exchange Commission (SEC) urges the court to grant the leave to notice defendant Do Kwon‘s deposition, according to a court filing on September 22. Furthermore, the SEC suggests an alternative if Do Kwon’s deposition is difficult. It urges the court to preclude the use of any declaration from Do Kwon in the summary judgment.　　Defendants Terraform Labs and Do Kwon are scheduled to submit the response on September 26. The SEC has submitted more details in the memorandum in support of this motion.　　The SEC‘s earlier motion for issuance of letters of request for international judicial assistance related to Chai Corporation and Terraform Labs co-founder Daniel Shin was approved by the Judge. Defendant’s request to subpoena the third party for documents was denied by the judge.　　Judge Jed Rakoff refused to agree with Judge Torres‘ ruling in the Ripple vs SEC lawsuit. However, the

2023-09-24Industriya

Ang Curve DAO Token Price Lifts Off 20%, Whale Accumulating at Lows

Curve DAO Token price gained nearly 20% in less than the past two weeks. The price witnessed a hike after a consolidation near the lows. Currently, the price struggles to surpass the 50-day EMA, the breakout of which could take the price to a high of $0.63.　　The price hike in Curve DAO is supported by a massive volume rise of over 95%; indicating the participation of whales in the game. The volume-to-market cap ratio of the CRV token is 20.17% indicating high volume being circulated in the market.　　Moreover, the data from several websites confirm that whales are actively participating in Curve DAO Token. Some of them are dumping off the old holdings and some new whales are aggressively accumulating the CRV token.　　The data as observed from the “spotonchain” website illustrates that a fresh whale with address “0xDf1” accumulated a total of 9.27 Million $CRV from Binance at $0.47 worth $4.39 Million between September 21 and September 22. The price of CRV tokens has gained 10% since the accumulation of the whale. The whale “0xDf1” has a floating gain of more than $154K since accumulation.　　Curve DAO Token Price Struggles to Surpass 50-Day EMA 　　The Curve DAO Token price is currently trading

2023-09-24Industriya

SHIB, BONE Ngayon Ganap na Pinagsama ng Nangungunang Crypto Jobs Platform na Ito para sa Mga Pagbabayad

crypto　　SHIB, BONE Ngayon Ganap na Pinagsama ng Nangungunang Crypto Jobs Platform na Ito para sa Mga Pagbabayad　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Yuri Molchan　　Two major Shibarium tokens can now be used on LaborX platform as payment options　　LaborX is a platform that offers jobs to freelancers within companies working in the Web3 sphere.　　Now, it has announced that after integrating the Shiba Inu (SHIB) token recently, it has now added Bone ShibaSwap (BONE) coin too. Both of these Shibarium tokens can now be used for payments on LaborX. “The meme coin Rock Star band is growing bigger!” the X post of the company announced.　　Support for SHIB was added in February last year, enabling users to earn SHIB tokens for performing various tasks, according to the 2022 tweet.　　The same is repeated this time, as the company has added BONE; users can seek Web3 jobs or add their own vacancies and earn Shiba Inu meme coins.　　Shibarium hits astonishing new milestone, good for future burns　　In the meantime, the Layer-2 blockchain Shibarium, within just a month and a half of launch has managed to achieve yet another significant milestone. The total count of transactions that have been conducted on it by today has surpassed the

2023-09-24Industriya

Inilalantad ng Insider ang Tunay na Pagganyak sa Likod ng XRP Case Appeal

Tech　　Inilalantad ng Insider ang Tunay na Pagganyak sa Likod ng XRP Case Appeal　　12 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Gamza Khanzadaev　　Attorney Bill Morgan and SEC specialist Marc Fagel unveil hidden drive behind XRP case appeal, changing game for crypto regulation　　In a recent development, attorney Bill Morgan and securities law specialist Marc Fagel delved into the legal saga between the SEC and Binance, shedding light on a critical aspect of the ongoing legal battle.　　Morgan‘s commentary was prompted by a mention of the SEC’s ongoing case against Ripple in the codefendants‘ legal memorandum filed in support of Binance’s motion to dismiss the SEC‘s complaint. These codefendants, represented by BAM, Binance’s partners, appear to be leveraging Judge Torres previous opinion concerning transactions on secondary exchanges. Recall that, in SEC v. Ripple, the court ruled that secondary sales of XRP did not constitute unregistered sales of securities.　　The pivotal question raised by Morgan is whether the court would endorse Judge Torres stance on programmatic sales. This query leads to speculation about why the SEC pursued an interlocutory appeal against the Torres decision in the Ripple lawsuit.　　The concern appears to stem from the possibility that this decision could be employed not only by Binance but also

2023-09-24Industriya

Soars, extends its rally to 10 days, as bulls eye 0.9100

Pananalapi　　Soars, pinahaba ang rally nito sa 10 araw, bilang bulls eye 0.9100　　8 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　USD/CHF is on a bullish trajectory, ending the week with over 1% gains,　　Pair is eyeing the 0.9100 mark, with a breach potentially exposing the May 31 cycle high at 0.9147, following a rally to the March 16 daily high at 0.9340.　　Key support levels for sellers include the 200-DMA and the 0.9000 mark; breaching these could lead to a test of the September 20 daily low at 0.8931.　　USD/CHF is set to end the week with decent gains of more than 1%, while breaking above the 200-day moving average (DMA), which could open the door for further upside, with buyers eyeing a new cycle high. Therefore, the pair is trading at 0.9071, edges up 0.30% late in the New York session.　　The daily chart portrays the pair extending its gain past the 0.9032 (200-DMA), and puts a challenge of the 0.9100 figure into play. A breach of the latter will expose the May 31 cycle high at 0.9147, which, if cleared, the USD/CHF could rally back to the March 16 daily high at 0.9340.　　Conversely, sellers would face the 200-DMA and the 0.9000 mark. Those two

2023-09-24Industriya

Bakit Naninindigan ang CEO ng Coinbase na si Brian Armstrong Laban sa AI Regulation

Balita ng Ethereum ng Bitcoin　　Coinbase CEO Brian Armstrong staunchly opposes artificial intelligence (AI) regulation. 　　In his perspective, regulating AI could stifle innovation. Armstrong attributes this sentiment to the historical success of the software and internet industries, which largely thrived in the absence of stringent regulations.　　Brian Armstrong Opposes AI Regulation　　Brian Armstrong, CEO of Coinbase, emphasizes the urgency of advancing AI, citing national security concerns. His position centers on the belief that government oversight often leads to unintended consequences and impedes competition and innovation despite good intentions.　　To safeguard AI, Armstrong advocates for promoting decentralization and open sourcing. According to him, this move would allow transparency in AI development.　　“We need to make progress on it as fast as possible for many reasons (including national security). And the track record on regulation is that it has unintended consequences and kills competition/innovation, despite best intention,” Armstrong said.　　However, not everyone shares Armstrongs view on AI regulation. Critics draw parallels between unregulated AI and nuclear weapons, emphasizing the potential risks.　　Gary Marcus, known for hosting “Human versus Machine,” challenges Armstrongs logic by suggesting that a lack of regulation, using a similar argument, if applied to the airline industry, could have been disastrous.　　AI Risks. Source: McKinsey　　The disagreements in the

2023-09-24Industriya

Ethereum Flashes Mixed Signals Near $1,600! Here’s How ETH Price Might Trade Next

Ethereum　　Ethereum Flashes Mixed Signals Near $1,600! Heres How ETH Price Might Trade Next　　16 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　As Ethereum‘s (ETH) price struggles to break away from the critical $1,600 level, it leaves traders feeling frustrated due to its continuous consolidation. Nevertheless, in recent hours, a variety of on-chain indicators have shown conflicting signals amid Ethereum’s decreased volatility. As a result, theres an increased chance of a robust price move for ETH in the upcoming week.　　Ethereums Amount Of Supply Touches 1-Month Low　　Based on insights provided by Glassnode data, there has been a notable surge in activity among short-term Ethereum holders in recent hours. On-chain data reveals that the quantity of Ethereum supply that was last active within one week to just one day ago has now reached its lowest point in one month. With the 1-day moving average (MA) dropping to 926,194.509 ETH, it signals a sentiment shift in Ethereums on-chain activity.　　A lower number of Ethereum coins held by short-term holders who have not moved them for a week or less indicates that these holders are actively participating in buying and selling, rather than holding onto their assets. This can be a sign of increased short-term trading or a

2023-09-24Ethereum

Sam Bankman-Fried’s trial starts Oct. 3: What you need to know

The fraud trial for former FTX CEO Sam Bankman-Fried is set to begin on Oct. 3 with a jury selection. The six-week trial will take place less than a year after the FTX collapse.　　Bankman-Fried is accused of fraud and conspiracy in connection to the now-bankrupt FTX.　　A judge revoked Bankman-Fried‘s bond back in August following a petition from the prosecutors. As part of the petition, prosecutors cited Bankman-Fried’s contact with a New York Times journalist as a tipping point.　　Bankman-Fried was accused of leaking former colleague — and ex-girlfriend — Caroline Ellisons diary entries to the reporter. The government argued at the time that Bankman-Fried had shown a history of witness tampering, including attempting to contact an unnamed witness — the “current General Counsel of FTX US who may be a witness at trial” — via Signal.　　Judge Lewis Kaplan, who will oversee the trial, said there was probable cause to believe that Bankman-Fried violated the terms of his bail in his attempts to allegedly tamper with the witnesses.　　Since then, Bankman-Fried has been held at the Brooklyn Metropolitan Detention Center. He will remain there for the duration of his trial, as a panel from the Second Circuit Court of Appeals rejected his appeal

2023-09-24Industriya

Itinaas ng Citigroup ang PANW Stock Price Target sa $285: Hold o Exit?

Palo Alto Network Inc. (PANW) stock price slumped nearly 6% in the last week delivering weakness over the charts. The stock price declined below the 50-day EMA on Thursday and maintained the same intraday session on Friday indicating weakness in the price trend.　　However, the daily chart illustrates that the PANW stock persisted in a strong trend for the last 2 quarters. The stock yielded a return of 61.70% on a year-to-date basis; outperforming the index returns. The PANW share price maintained above the 50-day EMA for most of the time. Moreover, the stock price showed short-term drawdowns which were later soaked up by the aggressive presence of bulls at the lower levels.　　Analysts offering a 1-year price forecast for Palo Alto Network Inc. have a maximum estimate of $340 with an upside potential of more than 48% and a minimum estimate of $225. Moreover, Citigroup has raised PANW share Price yearly targets to $285 which was previously at $260, and maintains a buy rating.　　Pinagmulan: barchart.com　　PANW stock option-chain analysis states that the current implied volatility in the market is 29.72% with a decrement of 0.41% in the last trading session. The at-the-money strike has an OI of 1439 on the PUT side

2023-09-24Industriya

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