These key ETH observations could be crucial for your next market move

Ethereums native currency ETH has been relatively dormant for almost two weeks during which it delivered some sideways activity. This performance may not last for long as ETH might be about to regain volatility according to this new data.  Basahin ang hula ng presyo ng Ethereum [ETH] 2023-24  The latest data from Glassnode revealed that ETH bears were losing grip over the market. This may create an opportunity for the bulls to dominate. But are the bulls ready to take over?  First, let‘s take a look at some of the latest market observations that may offer insights into the market’s next direction. The latest Glassnode data revealed that the amount of ETH flowing into exchanges was at its lowest level in the last four weeks. This can be translated as a drop in sell pressure.  ???? #Ethereum $ ETH Exchange Inflow Volume (7d MA) just reached a 1-month low of $11,224,406.65  Ang nakaraang 1 na buwang mababa na $11,740,219.01 ay naobserbahan noong 19 Mayo 2023  - Mga alerto sa salamin (@glassnodealerts) Mayo 22, 2023  In addition, Glassnode data also showed that more ETH holders were staking their coins. As a result, the total value locked in ETH 2.0 deposit contracts has been on the rise and it

2023-05-23Ethereum

Overloading Ethereum Consensus Could Have Consequences

Vitalik Buterin, co-founder of Ethereum, in a lengthy blog post on May 21, warned against overloading the Ethereum Consensus mechanism. If stretched beyond its core function of validating blocks and securing the network, it could pose a systemic risk to the Ethereum ecosystem.  Don‘t Overload Ethereum’s Consensus – Vitalik Buterin  Ethereums Consensus is a mechanism for validation blocks by the Proo-of-Stake (PoS) system implemented after the hard fork of the blockchain, in September 2022. Vitalik argued that using the consensus mechanism for other thighs could be problematic. Also, such activities shall be discouraged and resisted by the community.  Vitalik Buterin was promoting the preservation of minimalism in the blockchain.  Referring to a plethora of proposals and ideas floating regarding the usage of Ethereums social Consensus for multiple purposes. It could be used as a price and data oracle, facilitating re-staking initiatives and using the soft forks of layer 1 to recover layer two projects if they are facing specific issues.  Buterin cited the natural urge to expand the blockchains core for extended functionality. He argued that given the Ethereum blockchain has a significant economic weightage, it is obvious to think this way. But each such iteration where the blockchain is altered makes the core fragile.  He

2023-05-23Ethereum

Zoom Shares Jump as Revenue Beats Estimates

Pananalapi  Tumalon ang Mga Pagbabahagi ng Zoom habang Lumalampas ang Kita sa Mga Tantya  19 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Zoom Video Communications Inc. (ZM), the video conferencing company that turned into a verb during the pandemic, rose 5% in New York trading after beating revenue estimates.  Key Takeaways  First quarter total revenue of $1.10 billion was slightly higher than expectations.  Enterprise revenue of $630 million, was better than $620 million projected.  Management predicted robust revenue for the full year but weak growth.  The company, which analysts had expected to say sales grew slower than ever in the first quarter, reported revenue of $1.11 billion, compared with analysts expectations of $1.08 billion. Zoom reported enterprise revenue of $630 million, above estimates, and raised its full-year revenue forecast to between $4.47 billion and $4.49 billion.  Zoom shares, up almost 3% on the day before the announcement, climbed anew afterwards to $71.41.  Despite the earnings beat, Zoom has struggled with a lack of customer growth since the end of work-at-home pandemic rules. While U.S. sales are still rising, theyre doing so at nowhere near the triple-digit growth of 2020.  Zoom faces competition from artificial intelligence offerings from the likes of Microsoft, which will integrate ChatGPT into its Teams messaging service. Although

2023-05-23Industriya

Ethereum Whale Makes 10X Profit on Shiba Inu (SHIB) Rival That’s Up 650% in Past Month: On-Chain Data

Ethereum  Ang Ethereum Whale ay Kumita ng 10X na Kita sa Shiba Inu (SHIB) Karibal Na Tumaas ng 650% sa Nakaraang Buwan: On-Chain Data  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  A skilled Ethereum (ETH) whale made over 10X in gains on Pepecoin (PEPE), according to on-chain data-tracking firm Lookonchain.  Lookonchain reports that an Ethereum whale that nicknamed itself “BlackRock Fund” flipped $244,000 into over $2.63 million trading PEPE.  Source: Lookonchain/Twitter  Now, Lookonchain sabi ni that the mysterious entity has withdrawn most of its PEPE bag from Binance, for reasons unknown.  Lookonchain recently reported another trader on the Ethereum network that made big gains on PEPE, and then reinvested them back into PEPE on its current price dip. On-chain data shows the entity selling their ETH for more PEPE on decentralized crypto exchange Uniswap (UNI).  At time of writing, PEPE is trading at $0.00000156, down nearly 8% in the last 24 hours.

2023-05-23Industriya

Estate Tax Planning Tips For 2023

Pananalapi  Mga Tip sa Pagpaplano ng Estate Tax Para sa 2023  9 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Basics of Estate Tax Planning  Estate planning matters if you‘re hoping to preserve as much of your wealth and assets as possible for future generations. One of the biggest challenges is finding ways to minimize your tax liability, as taxes can shrink the value of the estate you’re able to leave behind. Taking a proactive approach to estate tax planning can protect your financial legacy for the short and long term. A financial advisor can help you create an estate plan to meet your needs.  How Taxes Affect Your Estate Plan  The Basics of Estate Tax Planning  Taxes can take a significant bite out of your wealth, both at the federal and state levels. There are several different types of taxes that can come into play and affect the value of your estate thats passed on to your heirs.  Buwis sa ari-arian  The federal estate tax is a tax that‘s levied on the transfer of property when someone passes away. At the upper range, the federal estate tax can reach 40%. The tax you’re subject to is determined by the value of assets in the estate. A taxable estate

2023-05-23Industriya

Famed Investor Jim Rogers Says US Dollar’s Reign Is Coming to an End As Allies and Foes Push for Alternatives

Tech  Ang kilalang mamumuhunan na si Jim Rogers ay nagsabi na ang paghahari ng dolyar ng US ay malapit nang magwakas habang ang mga kaalyado at mga kalaban ay nagtutulak ng mga alternatibo  7 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Famed American investor and co-founder of the Quantum Fund, Jim Rogers, says the dollar‘s reign as the world’s reserve currency is coming to an end.  In a new interview with Russian state-owned news agency Sputnik, Rogers says Americas politicization of the dollar has both friends and foes focused on alternatives.  Rogers cites the historic failures of reserve fiat assets, which typically last for around 100 years, as another signal that the dollars dominance has an expiration date.  Although Rogers believes the downfall of the dollar is in motion, he says other currencies are not yet ready to take the mantle.  He points to China as the top candidate, but says the countrys financial system remains too walled-off and restricted to overtake USD.

2023-05-23Industriya

The Ethereum Shapella Upgrade Occurred; Now What?

Ethereum  Ang Ethereum Shapella Upgrade ay Naganap; Ano ngayon?  5 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Makuha ang Iyong Unang Bitcoin Sign up at makakuha ng $12 na Bonus na Referral na bonus hanggang $3,000  Mag-sign up  April saw the next big Ethereum update take place, and analysts are weighing in on what it can do for the worlds second largest digital currency by market cap (and the primary competitor to bitcoin) in the long run.  Ethereum Endures Its Second Major Upgrade in 7 Months  This is the second major upgrade to Ethereum in about seven months. The first took place in September and was known as the Merge. That upgrade moved Ethereum from a proof of work (PoW) to a proof of stake (PoS) module, thus allowing it to become greener and less energy intensive.  This new upgrade, called Shapella, will allow the withdrawals of staked ETH. Brian Fakhoury – a junior partner of venture firm Mechanism Capital – explained in a recent interview:  Its hard to tell [the impact] in the short term as there will be a lot of reshuffling in the [ether] staked. These flows could be bearish or bullish for the [decentralized finance] ecosystem and the Ethereum network itself. In the long run,

2023-05-22Ethereum

Crypto-futures markets and exploring BTC, ETHs path to future profits

Bitcoin crypto Ethereum  Crypto-futures markets and exploring BTC, ETHs path to future profits  12 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  The crypto-market has evolved into a dynamic landscape with various trading opportunities. One area that has gained significant traction is the Crypto Futures and derivatives market. With cryptocurrencies like Bitcoin and Ethereum taking center stage, investors and traders are delving into Futures contracts tied to these digital assets in pursuit of potential profits.  Green ba ang iyong portfolio? Tingnan ang Bitcoin Profit Calculator  Traders behavior for the king coin  According to Glassnodes data, the Open interest for BTC Futures contracts hit a one-month high on the Huobi palitan. However, the interest in trading Bitcoin Options wasnt limited to just the Huobi exchange. Data provided by TheBlock suggested that Open Interest across the majority of exchanges in Bitcoin had surged.  For context, Open Interest in the context of cryptocurrencies refers to the aggregate number of active Futures contracts that have not yet been settled or closed. It serves as a crucial metric for assessing market participation and the potential liquidity within the crypto futures market.  At press time, a total of $8.72 billion BTC Options were being traded on various exchanges.  A vast majority of most of these trades

2023-05-22Ethereum

Vitalik Buterin Unveils Ethereum Consensus Limitations

Ethereum  Inihayag ng Vitalik Buterin ang Mga Limitasyon ng Consensus ng Ethereum  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum co-founder Vitalik Buterin published a blog post on May 21, 2023, warning against the potential dangers of “stretching” Ethereums consensus mechanism beyond its core functions of validating blocks and securing the network.   The consensus mechanism is the process by which blocks are validated using the proof-of-stake mechanism that was implemented in September 2022 with “the Merge”. Buterin cautioned that using ETHs network consensus for other purposes could pose “high systemic risks to the ecosystem and should be discouraged and resisted.”  The co-founder went on to explain that over the years, several proposals or ideas have been floated around suggesting the use of Ethereum social consensus for other purposes, such as price and data oracles, re-staking initiatives, and using layer-1 soft forks to recover layer-2 projects should they have any issues. However, he believes that extending the blockchains core with more functionality could make the core itself more fragile.  Buterin expressed concern about a certain subset of these techniques, which he believes could bring “high systemic risks” to the ecosystem, such as bugs or an intentional 51% attack. For instance, he mentioned the creation of

2023-05-22Ethereum

Tornado Cash Attacker Submits Proposal to Revert Governance Control, TORN Down 40% in 2 Days

Tech  Ang Tornado Cash Attacker ay Nagsumite ng Proposal upang Ibalik ang Kontrol sa Pamamahala, TORN Down 40% sa loob ng 2 Araw  Balita ng Ethereum ng Bitcoin  Popular crypto mixer Tornado Cash lost total control of its governance to an attacker who deployed a malicious contract to access thousands of votes. The incident was first detected by @samczsun, a researcher at web3-focused investment firm Paradigm, over the weekend.  According to samczsuns tiririt, the attacker claimed to have used the same logic as a proposal passed earlier in creating their malicious proposal without disclosing that they added an extra function.  In a more recent development, though, the attacker “posted a new proposal to restore the state of governance,” according to a post on the mixers community forum.  Attacker Seizes Tornado Cash Governance  Immediately after Tornado Cash voters passed the proposal, the exploiter implemented the emergencyStop function and updated the proposal logic to grant themselves 1.2 million fake votes. The attacker‘s votes are more than 700,000 legitimate ones, so they have gained full control of the crypto mixer’s governance.  With complete control, the attacker can do whatever they want, like withdrawing all the locked votes, draining all tokens in the governance contract, and bricking the router. However, they cannot

2023-05-22Industriya
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