Balita sa Industriya ng Crypto at Market Trends

Will Bitcoin, Ethereum Price Fall Support Levels

Bitcoin and Ethereum prices broke below $30,000 and $2,000 psychological levels this week after a “long squeeze” amid several factors including fresh interest rate hike fears at Binance opening staked ETH withdrawals.　　Crypto expiry on Friday, April 21 to exert further selling pressure on the crypto market. An over 21% fall in total crypto market volume in the last 24 hours clearly indicates selling amid volatility in the broader market. Furthermore, the Ang Takot sa Crypto at Greed Index patumbahin from 68 (greed) to 50 (neutral) in just a week.　　25,000 BTC na pagpipilian are set to expire, with a notional value of $0.72 billion. The put call ratio is 0.7 and the max pain point is $29,000. With the price already trading below the max pain level, it weakened the bullish scenario for Bitcoin.　　Samantala, 217,000 ETH na opsyon are about to expire, with a notional value of $0.42 billion. The put call ratio is 0.83 and the max pain point is $1,950. Ethereum price is also under pressure with the possibility of breaking below $1900.　　Ang monthly expiry on April 28 is even larger this expiry. Thus, traders will be looking to offload amid a possible selloff at the months end.　　Gayundin Basahin:

2023-04-21Ethereum

Analyst reveals a $300 billion Ethereum, Cardano, Zilliqa Bitcoin price prediction

Cryptocurrency prices recoiled this week as longs liquidations coincided with rising fears of a recession and profit-taking. Bitcoin price dropped from this months high of $31,000 to ~$28,200. The same is true for other altcoins like Ethereum, Cardano, Injective, Zilliqa, and Safemoon.　　Analysts are bullish on Bitcoin　　Despite the recent pullback, some analysts are still bullish on Bitcoin. On Thursday, analysts wrote that we are in a new wave of a bullish cycle that could push crypto prices much higher in the coming months.　　They noted that the collapse of FTX helped the industry by getting rid of highly speculative leveraged positions. The analysts also noted that Bitcoin was building its credentials as a safe haven as banks remain under pressure. It said:　　“Any potential dislocation, whether on the banks credit side, or on the sovereign side positions bitcoin perfectly as a safe-haven asset alongside gold.”　　Meanwhile, Changpeng Zhao, the founder of Binance, brought another angle in his crypto price prediction. He argued that Bitcoin price could surge in the next 12 months as investors wait for the upcoming halving.　　His argument was that Bitcoin has always surged before halving, which is a process that reduces the award size to miners. Bitcoin was trading at $12

2023-04-21Ethereum

Shanghai Upgrade – How It Could Affect Ethereum and LSD Tokens

On April 12, 2023, the Ethereum chain rolled out the Shanghai upgrade.　　The update implemented a series of proposals, namely EIP 3651, also known as ‘Warm Coinbase,’ that decreased the gas fees for transactions that go through the Coinbase address, EIP 6049, proposing an improvement of security and reliability to the smart contract and the much-anticipated EIP 4895 that enabled staking withdrawals on Ethereum.　　In the piece below, we will explore how the upgrade may affect the price of Ethereum and LSD (liquid staking derivatives) projects and tokens in the long run.　　Exploring the background　　To better understand the upgrade, we begin by closely examining the problem it aims to solve.　　In December 2020, Ethereum went through an upgrade from the PoW (proof-of-work) system to PoS (proof-of-stake) consensus mechanism in an event better known as ‘The Merge.’　　Ethereum has achieved relative scalability with its consensus mechanism, as it no longer employs time consuming problem-solving consensus mechanisms such as Bitcoins proof-of-work.　　Still, the chain had a downside takers couldnt withdraw their staked Ethereum tokens until a designated deposit period was over.　　To solve this issue, some projects have created protocols allowing users to stake Ethereum and benefit from liquidity. These protocols utilize a type of token pegged with Ethereum,

2023-04-21Ethereum

Euro stablecoin faces centralization criticism

Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions.　　French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to only qualified institutional clients.　　According to observers who reviewed its smart contract code, ERC-20 transfers need to first be approved by a centralized registrar — presumably one controlled by the bank — before the transaction is processed.　　Sa isang Abril 20 tiririt, pseudonymous smart contract engineer “alephv.eth” explained:　　“They coded it so they have to whitelist all users, process all user transfers, and even process your ERC20 approvals before they process your ‘transferFrom’ lmao.”　　She further mocked the code in a separate post, nagpapahayag it was a “radical commitment to inefficiency in the name of regulation.”　　Nonfungible token (NFT) project founder “foobar” tweeted to his over 127,000 followers on April 20 that it‘s “the worst code I’ve ever seen” and described the stablecoin as a “laughing stock.”　　France launched a stablecoin on Ethereum and it‘s the worst code I’ve ever seen　　Every ERC20 single transfer has to be approved in a separate eth tx submitted by a centralized registrar　　What a laughingstock, is this your CBDC？　　- foobar (@ 0xfoobar)

2023-04-21Industriya

MEV bot consumes 7% of ETH gas while sandwiching traders

|　　Gas usage, Jared vs. everyone | Source: Dune　　Based on reports, this MEV bot has spent about 3720 ETH ($950k) in the past two months while performing about 180k transactions. On April 17, the bot made a profit of about $250k. The number surged to about $950k on April 18. By very early April 19, the bot was already in a profit of $400k.　　MEV bot sandwich attacks　　A user called Beetlejuice has been tracking data associated with the MEV bot for days. On April 15, Beetlejuice complained that Jared stole their lunch money. Later, on April 19 continued to contribute to the story of how the bot is stealing from investors.　　Some worried crypto users wanted to know what tokens to avoid. For instance, Porygon-z.eth @Bertrand1201 asked if its possible to know the percentage of holding the MEV bot has on a particular token.　　A MEV bot is eating your lunch.　　However, @SeaLaunch_ responded, noting that Jared is attacking multiple contracts. @SeaLaunch_ later tweeted that anyone trading NEET, PEPE, and APED, among other tokens, should use an MEV blocker to avoid a sandwich attack.　　Earlier today,crypto,news reported that ETH MEV bots profited $1 million through sandwich attacks. Reports indicate that MEV bots have made $100 million

2023-04-20Ethereum

ETH Value Returns to $1,953 Under Bearish Pressure – Cryptopolitan

Ethereum　　ETH Value Returns to $1,953 Under Bearish Pressure – Cryptopolitan　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Recent Ethereum price analysis shows the bears have been able to suppress the price levels below the $2,000 level during the latest downtrend. The bears are reigning the price charts as the price has decreased again during the day. Currently, it is settled on the $1,953 mark and is expected to decrease to an even lower level in the coming hours as well.　　Cryptocurricies price heat map: Coin360　　The bearish momentum is to extend in the future as well as the broader cryptocurrency market is indicating a downtrend. However, the bulls can still provide some support at $1,928 by holding off the bearish pressure and helping the token find stability. Currently, the resistance for the ETH/USD pair lies at the $2,005 level, which was breached a few hours ago. However, the bears have taken over and are likely to keep the price from crossing this level in the short term.　　Looking at the 1-day price chart for Ethereum price analysis shows the price has decreased quite steadily because of the constant increase in bearish momentum. Bears and bulls are in a tug of war and at the

2023-04-20Ethereum

Why Are Bitcoin and Ethereum Prices Rising Right Now? (April 2023)

Bitcoin Ethereum　　Why Are Bitcoin and Ethereum Prices Rising Right Now？ (April 2023)　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Bitcoin and Ethereum have been two of the most prominent and valuable cryptocurrencies in the market since their inception. In recent months (since 2023), their prices have experienced significant increases, with periods of high growth. Despite this volatility, both cryptocurrencies have continued to attract investors and enthusiasts, with many speculating on their future potential. Recently, the price of Bitcoin and Ethereum has had significant increases, starting in 2023 but especially in April. Statistically, Bitcoin has had over 100% increase from $15,400 levels in November last year to $31k levels this month, April.

2023-04-20Ethereum

Binance Enables Withdrawal Option for ETH 2.0 Staking: Details

Ethereum　　Binance Enable Withdrawal Option para sa ETH 2.0 Staking: Mga Detalye　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Tomiwabold Olajide　　Ethereum (ETH) staking withdrawals now supported by Binance crypto exchange　　In a new announcement, crypto exchange Binance says it has enabled the withdrawal function for ETH 2.0 staking.　　Thus, ETH 2.0 staking participants will be able to redeem ETH with their BETH holdings on a 1:1 basis on the ETH 2.0 Staking page, starting from April 19 at 8:00 a.m. (UTC).　　#Binance ay pinagana ang withdrawal function para sa ETH 2.0 staking.　　Para sa higit pang mga detalye kung paano mag-redeem $ ETH sa iyong $BETH holdings, basahin ang aming nakaraang anunsyo sa ibaba.　　- Binance (@binance) Abril 19, 2023　　Binance says that as the ETH staking withdrawal takes effect, initially, it may take 15 days to several weeks before users ETH withdrawal requests can be fully processed. The time it takes to process ETH withdrawal requests may be determined by the overall amount of ETH withdrawals requested by participants as well as by the Ethereum network.　　The crypto exchange says that the expected distribution date of redeemed ETH will be shown before users confirm their withdrawal requests.　　Due to processing limitations on the Ethereum network, Binance says it will

2023-04-20Ethereum

Metacade To List on CEX, BitMart, Opening Up Trading to Nine Million Users

Teknolohiya　　Metacade Upang Ilista sa CEX, BitMart, Pagbubukas ng Trading sa Siyam na Milyong User　　After selling out their $16.4 million presale, Metacade is now set to list its token MCADE on the well-known centralized exchange BitMart, which boasts over nine million users.　　The listing is scheduled to take place on Friday, April 20, 2023, at 9 a.m. UTC, at which point registered users of BitMart will be able to buy, sell and trade MCADE tokens.　　Metacade has seen strong momentum following numerous announcements and milestones.　　It sold out its huge $16.4 million presale early, quickly followed by the 250 million token six-month staking pool selling out in under five hours.　　Furthermore, Metacade also announced a partnership with gaming company Metastudio, leading to a significant buzz among GameFi investors.　　At the time of writing, the price of the Metacade (MCADE) token is $0.0173, with a diluted market cap of over $35 million and an average daily trading volume of $500,000 since launch.　　Sinabi ni Russell Bennett, CEO ng Metacade,　　Following the listing on BitMart, Metacade has confirmed another top-tier exchange, MEXC, will be listing Metacade in early May 2023. More exchanges are expected to be announced in the coming months.　　Users can purchase Metacade tokens on Uniswap here.　　Tungkol sa BitMart　　Founded

2023-04-20Industriya

Indian Crypto Exchange WazirX Charges Higher Gas Fee?

crypto　　Naniningil ng Mas Mataas na Bayarin sa Gas ang Indian Crypto Exchange WazirX？　　WazirX exchange collects 30.43 USDT as a fee for 60.80 USDT.　　Ethereum network witnessing higher transaction fees.　　WazirX, Indias most trusted Bitcoin and cryptocurrency exchange collects 30.43 USDT as a withdrawal fee for the minimum withdrawal amount of 60.80 USDT. That is equal to the actual withdrawal fund (50%).　　The Crypto Exchange Fees Table (Source: WazirX)　　When users of the WazirX exchange attempt to withdraw money, the platform displays fees that are higher than the amount being withdrawn, meaning the user would not receive any money from it. The largest source of cryptocurrency, Twitter, was flooded with tweets from crypto exchange customers.　　Users of the crypto exchange tagged WazirX and asked them questions on Twitter. But the exchange has not yet responded to anything. That made too much noise on social media. Also, some customers stated that the fees were different for each account. Crypto Exchange KoinBx CEO stated that;　　“We want to make sure that our users are not being charged higher fees for transactions that are in line with what other platforms are charging. This is important for us to ensure that our users have a seamless and affordable experience while using

2023-04-20Industriya

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