Balita sa Industriya ng Crypto at Market Trends

‘Black Swan’ author Nassim Taleb lashes out at Bitcoin and says it’s ‘transformed into a cult’

Bitcoin　　‘Black Swan’ author Nassim Taleb lashes out at Bitcoin and says it‘s ’transformed into a cult　　Balita ng Ethereum ng Bitcoin　　Bitcoin is an ineffective cult that not even “bad guys” want to join anymore, said the author of a bestselling book on the extreme impact of outlier events. Cryptocurrency falls short on its claim to streamline payments, and doesnt even facilitate illegal transactions well, Nassim Taleb told Bloomberg on Thursday.　　“Its not even good for money laundering,” he said. “It is too traceable. Gold you can re-melt [into] bars, you can do something, but Bitcoin has a book entry somewhere that anyone with basic knowledge of statistics can triangularize.”　　The essayist assailed broader crypto culture, too, describing it as fanatical and dysfunctional.　　“It has transformed into a cult. The first time in history probably, we‘re mixing money and cults,” Taleb told Bloomberg. “Usually you do cults with yoga…cults with music, but here is a cult with a financial product. These things don’t go together well, because finance has some gravity rules that eventually end up hurting that model.”　　He added that crypto is a fad that falsely claims to be a refuge from regulation. Despite advertising itself as a haven from government oversight, Bitcoin is

2023-06-11Bitcoin

Ethereum: DeFi sector grows, but is it enough?

Ethereum　　Ethereum: Ang sektor ng DeFi ay lumalaki, ngunit sapat ba ito？　　Balita ng Ethereum ng Bitcoin　　Ethereum [ETH] has continued to assert its dominance in the crypto sector, particularly in NFTs and DeFi. Recent observations suggested that Ethereum was consolidating its position in the DeFi sector, which could be seen as a positive development for the network.　　Green ba ang iyong portfolio？ Tingnan ang Ethereum Profit Calculator　　Growth in the DeFi sector　　According to data from Messari, the Total Value Locked (TVL) in DeFi witnessed an increase during the market rebound, with Ethereum emerging as one of the most prominent players in this space.　　TVL in DeFi increased during the market rebound, with @Ethereum, @BNBCHAIN, at @trondao being the dominant players.@ Stacks at @Cardano had significant TVL growth.@Ethereum had a diverse DeFi ecosystem, while other networks had a more concentrated distribution. pic.twitter.com/N0o6xYCtzn　　- Messari (@MessariCrypto) Hunyo 9, 2023　　The rise in TVL can be attributed to the significant growth of Decentralized Exchanges (DEXes) operating on the Ethereum network, such as Metamask Swap, which experienced a substantial surge in unique active wallets within a 24-hour period.　　Consequently, transaction volumes on the network registered a notable 9.12% increase during the same timeframe.　　Pinagmulan: Dapp Radar　　While Ethereums dominance in the DeFi sector remained

2023-06-11Ethereum

Taiko Rises $22M For Type-1 zkEVM, Scaling Vitalik Buterin ETH

Ethereum　　Taiko Rises $22M For Type-1 zkEVM, Scaling Vitalik Buterin ETH　　Balita ng Ethereum ng Bitcoin　　Vitalik Buterin, the creator of Ethereum has encouraged other cryptocurrency firms like Taiko to create Ethereum equivalent Type-1 zkEVM. The funding rounds are led by Sequoia China and Generative Ventures.Taiko raised $22 Million in two funding rounds to build decentralized Type-1 zkEVM. The firm aims to scale the Ethereum blockchain.　　The two funding rounds have participation from GGV Capital, BAI Capital, GRS Markets, Mirana Ventures, Kucoin Ventures, OKX Ventures, Token Bay Capital, Skyland Ventures, Yunki Partners, and also some other investors.　　Design of zkEVM is Same as EVM 　　The founding team of Taiko comprises Matthew Finestone, Daniel Wang, Brecht Devos , and Terence Lam. Matthew Finestone, co-founder of Taiko Labs stated that the design of zk-EVM is similar to EVM spec and they want to extend it.　　Wang who was founder and CEO of Loopering Foundation from July 2017 to November 2021 said that after Loopering he wanted to build the decentralized social network but was unable to do so as he ran out of infrastructure. As there is no other way left to scale it, the idea of Taiko was born.　　He also stated that they are still far away

2023-06-11Ethereum

Ethereum’s MVRV Reaches 11-Month Low Amidst Market Sell-Off

Ethereum　　Ethereums MVRV Reaches 11-Month Low Amidst Market Sell-Off　　Balita ng Ethereum ng Bitcoin　　Glassnode Alerts revealed earlier today that ETHs MVRV has reached a new 11-month low.　　Meanwhile, the altcoins non-zero addresses have reached a new all-time high over the past 24 hours.　　At press time, ETH was trading at $1,724.82 after it saw a price decrease of more than 6%.　　The on-chain analysis platform, Glassnode Alerts, shared multiple new metrics for the altcoin leader, Ethereum (ETH), on Twitter today following the massive sell off in the crypto market over the past 24 hours. According to the post, ETHs MVRV (1d MA) has reached a new 11-month low of 0.645.　　The previous low of 0.655 was recorded on 13 July of 2022. ETHs low MVRV could possibly be a bearish signal suggesting a high level of sell pressure. It could also reflect the lack of confidence among investors which is only natural following the drama in the crypto market over the past week alone.　　Meanwhile, in a separate tiririt today, Glassnode Alerts also revealed that ETHs number of non-zero addresses has reached a new all-time high (ATH) of 100,566,301. The previous ATH of 100,565,405 was observed on 9 June of 2023.　　This metric for ETH also perfectly reflects

2023-06-10Ethereum

Vitalik Buterin Highlights Three Essential Changes Necessary for Ethereums Success

Ethereum　　Vitalik Buterin Highlights Three Essential Changes Necessary for Ethereums Success　　Balita ng Ethereum ng Bitcoin　　As Ethereum continues to grow and evolve, its co-founder, Vitalik Buterin, in his latest blog post, has outlined three significant transitions that the network needs to undergo.　　These transitions aim to enhance Ethereums scalability, security, and privacy, making it more accessible and user-friendly for average users.　　By addressing these key areas, Ethereum targets to ensure widespread adoption and maintain its position as a leading decentralized platform.　　Read on to explore these crucial transitions in detail and their implications for the future of Ethereum.　　Goodbye to High Fees: ETH To Embrace L2 Scaling　　To tackle the issue of high transaction costs and improve scalability, Ethereum is looking forward towards Layer 2 (L2) scaling solutions. L2 scaling involves moving transactions off the main Ethereum chain and onto L2 solutions like rollups. These solutions, such as Optimism, ZkSync, or Kakarot, offer faster and cheaper transactions, making Ethereum more efficient and user-friendly.　　Smart Contract Wallets To Revolutines ETHs Security　　Enhancing wallet security is a vital aspect of Etheruems development. Smart contract wallets provide an additional layer of security, allowing users to interact with dApps more securely. Unlike externally owned accounts (EOAs), smart contract wallets require more complex address

2023-06-10Ethereum

DeFi Liquidations Spike Brought on By Falling ETH Price

In the past 24 hours, crypto markets have seen nearly $385 million USD in perpetual contracts liquidated. This is more than double Mays worse single-day liquidations of $140 million.　　The recent spike in liquidations is a direct reflection of volatile market conditions. The DeFi ecosystem has been especially affected by the spate of liquidations.　　Fall in ETH Price Leads to Spike in Long Liquidations　　Liquidations are when a crypto exchange closes out a traders long or short position when their initial margin falls below a certain threshold.　　In futures contracts, the total liquidated volume signifies the contracts that are forcefully closed due to traders inability to fulfill margin requirements.　　When engaging in long positions for Ethereum futures contracts, traders are betting on the price of ETH increasing. But if ETH falls below a certain price, traders accounts may lack sufficient funds to cover the losses, resulting in liquidation.　　Coinglass data reveals that in the past 24 hours, exchanges have skewed heavily toward long liquidations.　　Declining ETH Price Hits DeFi Traders　　Considering the centrality of Ethereum to the DeFi ecosystem, recent liquidations from decentralized exchanges are largely the result of declining ETH value.　　On Saturday morning, the price of ETH dipped below $1,750 for the first time since March. Accordingly,

2023-06-10Ethereum

Obol Networks DVT How To Promote Effective Staking On Ethereum

Ethereum　　Obol Networks DVT How To Promote Effective Staking On Ethereum　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum has had a significant milestone when converting the consensus mechanism from Proof of Work (POW) to Proof of Stake (POS) through The Merge event in September 2022. However, the conversion will cause problems related to the operation and handling of validators. From here, Obol Network is considered a bright spot when it comes to solving the validator problem through Distributed Validator Technology (DVT) – their distributed validator. Through it, the protocol promotes staking on Ethereum by using a validation mechanism through various validators.The focus is now on making staking on Ethereum more decentralized, scalable, simpler, secure, independent bettors friendly, and less heavily penalized. Lets find out how Obol Network has applied DVT to achieve its goal of bringing efficiency to staking on Ethereum.Ano ang DVT？　　Distributed validator technology (DVT) allows Ethereum Proof-of-Stake (PoS) validators to run on multiple nodes or machines (known as distributed validators), collaborating in real-time for validation transactions.　　DVT solves the main problems faced by single-node validators, including machine failure, connection problems, risk of penalties, private key leakage, and high join costs.　　It increases validator resiliency by creating redundancy in a single network

2023-06-10Ethereum

Ethereum: Support or resistance, which level will break first?

Pinagmulan: ETH/USDT sa Trading View　　The price rejection at the $2,128 resistance level sank Ethereum to the $1,774 support level on 12 May, ushering a bearish trend on the lower timeframes. This subsequently saw ETH oscillate between the $1,774 support and $1,924 resistance levels with neither bears nor bulls possessing the required momentum to break either level.　　ETHs ranging activity could continue due to prevailing market conditions and price trading at the mid-range of $1,848, as of press time. The on-chart indicators showed neutrality, as buyers and sellers continued to evaluate their positions.　　The Relative Strength Index (RSI) hovered above and below the neutral 50 mark, since 6 June. It stood at 47, as of press time to highlight the markets neutral position. The On-Balance Volume (OBV) maintained its linear movement, while the Chaikin Money Flow (CMF) hovered just above the zero mark with a slightly positive reading of +0.03.　　A retest of either support or resistance level could yield significant results for bears or bulls, as both levels have been tested multiple times. A break below $1,774 will see bears push for $1,718. On the flip side, a break above $1,924 will see bulls push for the key $2,000 level.　　Magkano ang halaga ng

2023-06-10Ethereum

Cardanos Charles Hoskinson May Patch Up With XRP Community

Balita ng Ethereum ng Bitcoin　　Balita sa Crypto Market: After publicly criticizing XRP community over online trolling, Cardano founder Charles Hoskinson finally appears to be interested in patching up with them. Earlier, CoinGape reported that Hoskinson had cut ties with the XRP community by blocking Twitter accounts he claimed to be targeting him. In the wake of the back to back lawsuits by the U.S. Securities and Exchange Commission (SEC) against two of the top crypto exchanges in the world, Binance and Coinbase, this will be a welcome move to maintain unity in the crypto market.　　Gayundin Basahin: Pinangalanan ng Co-Founder ng Ethereum ang Tatlong Pangunahing Transisyon na Panoorin Habang Lumalago ang Network　　Things got heated up in October 2022, when the Cardano founder claimed that he was target of trolling and harassment by members of the XRP community. This eventually led to his blocking of several Twitter accounts. In this context, Hoskinson offered to regain ‘peace’ with the community, although it is not clear yet as what could be the action plan.　　Cardano ($ADA) Founder Patching Up With XRP Supporters？　　In a surprise statement, the Cardano founder asked the XRP holder community if they were willing to find peace. A section of the crypto

2023-06-10Industriya

Robinhood to Delist Cardano, Solana, and Polygon after SEC Crackdown

Robinhood, the well-known trading platform, has announced that it will no longer offer support for three specific cryptocurrencies starting June 27, 2023. The affected cryptocurrencies are Cardano (ADA), Polygon (MATIC), and Solana (SOL).　　This decision comes shortly after the U.S. Securities and Exchange Commission (SEC) filed lawsuits against major cryptocurrency exchanges Binance and Coinbase. The lawsuits alleged that ADA, MATIC, and SOL were unregistered securities, highlighting potential compliance issues.　　They shared, “Earlier this week the SEC sued crypto companies Binance and Coinbase and alleged that a number of cryptocurrencies are unregistered securities. This includes Solana (SOL), Polygon (MATIC), and Cardano (ADA), which are currently supported on the Robinhood Crypto platform.”　　Robinhood added, “We regularly review the crypto we offer on Robinhood,” the firm shared in an update. Based on our latest review, weve decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27th, 2023 at 6:59 PM ET.　　Prior to the delisting of Cardano, Polygon, Solana, users have the option to withdraw their assets if they prefer not to have them sold. However, its important to note that the ability to withdraw these crypto assets may not be available in all states.　　“Any ADA, MATIC, and SOL still in your

2023-06-10Industriya

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