Balita sa Industriya ng Crypto at Market Trends

Bitcoin mempool starts to clear as fee paid per block falls back to one

This past week has been extremely wild in Bitcoin, with the emergence of BRC-20 tokens surpassing a $500 billion market cap.　　This has added momentum with Ordinals that started at the beginning of the year.　　reported that miners received more Bitcoin in transaction fees than block rewards.　　However, using Glassnode data, we can see the average fees paid per block has returned to 1.0 Bitcoin per block.　　According to James Check analyst at Glassnode, 　　Average Fee Paid Per Block: (Source: Glassnode)　　The post Bitcoin mempool starts to clear as fee paid per block falls back to one appeared first on CryptoSlate.

2023-05-11Bitcoin

Ethereum Could Be Heading to ‘Opportunity Zone’ Amid One Historically Bearish Signal: Santiment

One metric indicates Ethereum (ETH) could be heading into an “opportunity zone,” according to the crypto analytics firm Santiment.　　The firm notes in a new analysis that ETHs 30-day market value to realized value (MVRV), which traders use to detect overbought or oversold conditions, is now out of the “danger zone” and headed towards the “opportunity zone,” an area where ETH prices have historically bottomed out.　　MVRV is the ratio of an assets current market cap divided by its realized capitalization – i.e. the value of all measured ETH at the price they were bought. MVRV 30-Day is a timebound metric that only analyzes that ratio among tokens that have moved at least once in the past 30 days.　　Santiment also notes that ETHs recent local price top magkasabay with the Ethereum Foundation moving 14,999 ETH to the crypto exchange Kraken over the weekend.　　Pinagmulan: Santiment / Twitter　　The last three times a significant amount of ETH left the Ethereum Foundation wallet, it marked local price tops, according to the analytics firm. Santiment does clarify, however, that Ethereum Foundation transactions prior to that did not indicate price tops.　　Ang Ethereum ay nakikipagkalakalan sa $1,831 sa oras ng pagsulat. Ang pangalawang-ranked na crypto asset ayon sa market

2023-05-11Ethereum

Binance Cuts ETH Staking Withdrawal Time, Will Prices Go Down?

Binance has announced a reduction in the processing time for ETH Staking withdrawal requests to just five days from the initial 15 days, starting from May 18, 2023. This move is expected to increase user satisfaction and adoption of ETH Staking but will the staked Ethereum withdrawals push more selling pressure on the ETH price？　　The exchange also plans to further reduce the processing time to better serve users. The processing time is subject to change based on network demand. Binance also mentioned conditions like users cannot cancel their withdrawal requests.　　Potential Impact On Traders　　With the processing time for ETH staking withdrawals reduced from 15 days to 5 days, users will be able to access their funds faster. This will provide more flexibility for traders and investors, who may want to use their ETH for other purposes, such as buying other cryptocurrencies or paying bills.　　This move could result in more liquidity in the market. This could be especially beneficial for traders who need to quickly move in and out of positions, as they will be able to access their funds faster.　　What About ETHs Price？　　The reduction in the processing time for ETH staking withdrawals by Binance may have a positive impact on the

2023-05-11Ethereum

Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act.　　A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas Clausi, a 21-year-old French citizen, on charges of fraud and illegal use of cryptocurrency.　　According to Clausis lawyer, Mohamed Aghanaj, the court confirmed the verdict last week. This decision indicates that the Moroccan judicial system is taking a strong stance against cryptocurrency use in the country.　　Using BTC to purchase a Ferrari resulted in Clausis arrest in 2021, as Moroccan customs deemed the use of cryptocurrency to be an unlawful transfer of funds. Clausi was imprisoned in December 2021 on charges of “fraud” and “use of foreign currency for payment within Moroccan borders,” with a prison sentence and a fine handed down in October of the same year.　　| Un français a été condamné par la Chambre criminelle du tribunal de Casablanca à une peine de 18 mois de prison assortie d‘une amende de 3,4 millions d’euros.　　Il a été condamné pour escroquerie et dusage illégal de crypto-monnaie.　　Il a vendu sa Ferrari en échange

2023-05-11Bitcoin

Bitcoin Price Volatility Leads Liquidation To Breach $190 Million

Balita sa Bitcoin: The global digital asset market printed red indexes on Thursday after registering a relief rally over the announcement of lower CPI data. Bitcoin (BTC), the worlds largest crypto saw major volatility as its price went on to dip below the $27k level after trading above $28.2K.　　Also Read: Ripple Exec Bids For EUs MiCA Amid US SEC Crackdown; Ripple Moving Out？　　Bitcoin Price Dip Below $27K　　As per the data, Bitcoin price is down by more than 7% over the past 7 days. However, BTC price registered a marginal decline over the past day. Bitcoin price trading at $28,200 on Wednesday went on to drop below the $27k level to stand at $26,992.　　However, Bitcoin price saw a slight recovery to regain the crucial $27K. BTC is trading at an average price of $27,414, at the press time. Its 24 hour trading volume is up by 57% to stand at around $21 billion. BTC dominance currently stands at 46.89% which is a decrease of 0.07% over the past 24 hours.　　Pinagmulan: CoinMarketCap　　Basahin din: Bakit Hindi Nagrehistro ang Ripple ng XRP Sa US SEC？ Sagot ni Brad Garlinghouse　　According to the Coinglass data, due to an increase in volatility, more than 50K traders were

2023-05-11Bitcoin

Arbitrum’s DAO to receive over 3,350 ETH in revenue from transaction fees

Ethereum　　Arbitrums DAO to receive over 3,350 ETH in revenue from transaction fees　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum layer-2 blockchain Arbitrum will distribute Ether (ETH) worth nearly $6.2 million to its decentralized autonomous organization (DAO), the project anunsyado on May 9 on Twitter. ARB holders must claim the rewards.　　The funds to be collected are base fees and surplus revenue generated from network transactions. According to Arbitrums tweet, a total of 3,352 ETH will be collected by its DAO. As internet-native organizations, DAOs are collectively owned and managed by their members. They have treasuries and make decisions through proposals voted on by the group.　　Big news Arbinauts!　　Arbitrum is the only rollup that sends all surplus revenue generated by transaction fees to their respective DAO and it is time for the DAO to collect the funds so far!　　Follow along to learn more about it.　　— Arbitrum (,) (@arbitrum) Mayo 10, 2023　　Arbitrum is a popular scaling network used by many decentralized applications and blockchain developers. All users pay a fee during transactions on Arbitrum One.　　The cost of sending ETH on Arbitrum is currently $0.25, and swapping tokens is $0.68 at the time of writing. Data from Crypto Fees shows that Arbitrums users paid $387,423

2023-05-11Ethereum

Pagsusuri ng presyo 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin Ethereum　　Pagsusuri ng presyo 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC　　12 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.　　The United States consumer price index (CPI) rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPIs monthly rise of 0.4% in April was in line with expectations.　　Although inflation remains stubbornly higher than the Federal Reserves 2% target, traders will take comfort from the slower pace of increase. That suggests the Fed rate hikes are having an effect, and further rate hikes may not be necessary.　　If the Fed pivots and starts to cut rates, as the FedWatch Tool projects, that may be positive for risky assets such as equities and cryptocurrencies. Bitcoin (BTC) responded positively to the CPI data and rose above $28,000 on May 10.　　While the downside looks limited, the bulls may not have it easy at higher levels because of the high risk of a recession and the possibility of the banking crisis erupting again. That may keep the price stuck inside a range, which

2023-05-11Ethereum

BTC and ETH Prices Plummet After CPI Report Release- Here’s What Traders Can Expect Next

Bitcoin Ethereum　　Bumaba ang Mga Presyo ng BTC at ETH Pagkatapos ng Paglabas ng Ulat ng CPI- Narito ang Maaaring Asahan ng mga Mangangalakal sa Susunod　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Despite a recent period of volatility in the crypto market, the release of the latest CPI news has sparked renewed optimism among investors in major cryptocurrencies. The announcement from the US Bureau of Labor Statistics revealing a decrease in CPI to 4.9% has resulted in a significant increase in buying activity within the crypto market.　　Crypto Market Gives A Clear Direction　　The lower-than-expected inflation numbers sent ripples throughout the cryptocurrency ecosystem, as leading digital assets experienced a massive surge in buying pressure. Bitcoin, Ethereum, and other top-performing cryptocurrencies saw their values skyrocket, much to the delight of the crypto community. Market participants who previously refrained from investing, began pouring funds into these assets, reigniting their upward trajectories.　　Pagsusuri ng Presyo ng Bitcoin　　Bitcoin, the leading digital currency, underwent a substantial surge in value, attaining a daily peak of $28,883 on the Bitstamp platform on May 10. This notable surge in Bitcoins value appears to correlate with the most recent U.S. inflation data which increased by 4.9% over the year ending in April, as

2023-05-11Ethereum

Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April

Bitcoin Ethereum　　Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April　　49 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　In terms of the impact that Wednesdays CPI print had on crypto markets, Managing Director at Wave Digital Assets Nauman Sheikh told I-decrypt a lack of liquidity is likely at play, pointing to market makers like Jane Street and Jump who have scaled back.　　“Liquidity just fell off a cliff, so any market impact on the way up on the way down will be a little bit more exaggerated,” he said. “Theres no depth to the market, which means any slight pressure on either side is just going to be exasperated.”　　“The fact that [inflation] is within expectations, a bit better for the annual rate, it means the Fed will likely pause,” Kaiko analyst Dessislava Aubert told I-decrypt, “Because the current banking turmoil in the U.S. is basically making traditional tightening less necessary—banks are already tightening lending standards.”

2023-05-11Ethereum

Crypto news: Litecoin, Algorand and Ethereum

crypto Ethereum　　Crypto news: Litecoin, Algorand and Ethereum　　19 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The crypto market is going through a particularly uncertain period, characterised by a now relatively long lateralisation: how are Litecoin, Algorand and Ethereum performing in this period？　　Although bitcoin seems to be dominating the crypto markets at the moment, not all altcoins are slavishly following its trend.　　To be fair, Ethereum is by far one of the most closely aligned altcoins to bitcoin in terms of price performance.　　For example, if you look at the historical ratio between the total market capitalisation of BTC and that of ETH, you will see that it has been hovering more or less around current values for about two years.　　In the first few months of 2021, this ratio had soared to 7, but from May 2021 it fell to 2.5 and then even below 2. Since then, it has always fluctuated between 2 and 3.　　However, it must be said that in September last year, when the Ethereum Merge took place, replacing Proof-of-Work with Proof-of-Stake, it also briefly dipped below 1.9, but since then it has hardly done anything but rise, to around 2.4 today.　　This shows how the Merge helped Ethereum to establish itself, but

2023-05-11Ethereum

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