Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness – Economics Bitcoin News

Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,” emphasizing that the authorities “will show no interest in prosecuting.” Srinivasan cautioned: “That world is coming and we need alternatives.”  Balaji Srinivasan on FTX, State Failure, and U.S. Dollars Becoming Worthless  Angel investor Balaji Srinivasan commented on the collapse of crypto exchange FTX in a series of tweets Saturday. Formerly the CTO of crypto exchange Coinbase and a general partner at venture capital firm Andreessen Horowitz (a16z), Srinivasan is also the author of The Network State, a WSJ bestseller.  “Treat FTX as a preview of state failure,” he wrote, adding:  One day, your USD bank account balance may be frozen or inflated to worthlessness. The authorities will show no interest in prosecuting — theyre the ones who ordered it in the first place. That world is coming and we need alternatives.  “Its all just a dress rehearsal for the ultimate rug pull — when the state prints trillions, monetizes the debt, and ends the fiat century,” the angel investor explained in another tweet. “Our space will be prepared. We

2022-12-12Industriya

Ethereum gas fees surge as Binance moves funds for PoR

Binance moved funds for POR  The recent surge in gas charges was fueled by Binances exchange moving Ethereum to the Binance 14 hot wallet. The sudden move of thousands in ETH triggered the insane GWEI volatility.  Binance recently completed its proof-of-reserve check on its BTC reserves. The network is now looking to conduct a PoR check on Ethereum wallets.  Recent news shows Binance transferred more than 437,000 ETH, paying a gas charge of 889 ETH. The exchange also revealed that the Binance14 wallet address saw over 11 million deposit transactions completed.  The gas consumed by ETH because of the transfer was massive; it ranked first on the Burn rankings, hitting 1008.78 ETH.  The demand for PoR  The fall of one of the biggest crypto exchanges at the time a month ago has birthed a dire demand for PoR audits among virtual currency exchanges. Since then, several top crypto exchanges have felt the obligation to provide proof-of-reserves aiming to assure investors of their funds‘ safety. Binance’s move mainly aims to audit the exchanges wallet holdings.

2022-12-11Ethereum

BTC, ETH Consolidate to Start the Weekend – Coinotizia

Bitcoin Ethereum  BTC, ETH Consolidate para Simulan ang Weekend – Coinotizia  12 / 10 / 2022  Balita ng Ethereum ng Bitcoin  Bitcoin started the weekend trading above $17,000, as traders prepare for next weeks U.S. Federal Reserve interest decision. Markets now expect that the Fed could continue hiking rates, following a higher than expected increase in producer prices. Ethereum mainly consolidated on Saturday, as prices moved back towards a key price floor.   Bitcoin  Bitcoin (BTC) remained above the $17,000 level to start the weekend, despite crypto markets mostly consolidating.  BTC/USD fell to an intraday low of $17,100.84 during Saturdays session, which comes a day after hitting a high of $17,280.55.  As a result of todays decline, BTC continued to move below its recent resistance level of $17,200.  BTC/USD – Pang-araw-araw na Tsart  Looking at the chart, it now appears as if bitcoin could be moving towards a floor of $16,750, which comes as market volatility remains high today.  The turbulence came as the 14-day relative strength index (RSI) continued to move between a floor of 50.00 and a ceiling of 52.00.  In order for bulls to fully regain market sentiment, a breakout of the 52.00 mark must occur, which could then lead to the return of upwards momentum.  Ethereum  Tulad ng bitcoin, ethereum

2022-12-11Ethereum

Arthur Hayes Reveals His Portfolio, Says He Won’t Purchase Bitcoin or Ethereum

Bitcoin Ethereum  Arthur Hayes Reveals His Portfolio, Says He Wont Purchase Bitcoin or Ethereum  12 / 09 / 2022  Balita ng Ethereum ng Bitcoin  After the FTX-caused price fall, the former CEO of BitMEX thinks that Bitcoins worst days may be behind it. Arthur Hayes asserts that Bitcoin, the leading cryptocurrency, has likely bottomed out in a recent Medium blog article.  “Don‘t know if $15,900 was this cycle’s bottom. But, I do have confidence that it was due to the cessation of forced selling brought on by a credit contraction.”  Hayes also listed four cryptocurrencies and further divided them into “Reserve Assets” and “Super-Powered Assets.” He chooses Bitcoin and Ethereum, the first and second largest cryptocurrencies by market capitalization, as Reserve Asset. LOOKS and GMX are the other two cryptocurrencies that are included in this list of Super-Powered Assets.  “I could purchase Bitcoin and or Ether, but neither of these cryptos pays me enough yield. And if I‘m not getting sufficient yield, I’m hoping that the price appreciation in fiat terms will be stupendous when the market turns.”  Fed to Become Dysfunctional?  His positive forecast is predicated on the notion that the U.S. For the Treasury market to be dysfunctional in 2023, after which the Federal Reserve will need

2022-12-10Ethereum

Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing

Bitcoin Ethereum  Gumagawa ang Ethereum at Litecoin habang naghahanap ang presyo ng Bitcoin para sa mas matatag na footing  12 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge.  Habang ang Bitcoin (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting setups in a few altcoins.  Lets take a quick peek at some enticing patterns showing up on the weekly time frame.  Time for Litecoins halving hopium?  As a fork of Bitcoin, Litecoin (LTC) tends to turn bullish several months before its reward halving takes place, as was the case in 2015 and 2019.  Litecoins next reward halving is 237 days away, and it appears that the altcoin is undergoing a little pre-halving hype. Since Nov. 6, LTC has gained 58.6%, and it is starting to mirror the triple price action that occurred in previous halvings.  The Guppy Multiple Moving Averages (GMMA) indicator on the daily time frame has also turned green — something that rarely happens.  From a technical analysis point of view, LTC maintains a

2022-12-10Ethereum

Ethereum Price To Remain Sluggish Before It Attempts A Rally

Ethereum  Ethereum Price To Remain Sluggish Before It Attempts A Rally  12 / 09 / 2022  Balita ng Ethereum ng Bitcoin  The Ethereum price has moved in the same direction as the broader market. In the last 24 hours, Ethereum has moved up by 2.5%. On the weekly timeframe, the altcoin has rarely registered any movement. This reflects lateral trading for ETH.  In the short term, the altcoin might be registering gains, but as the technicals indicate, the coin can depreciate again before it rallies. Accumulation has been considerably low on the chart. Buying activity must significantly increase if ETH is to break above the $1,300 price mark.  Even though ETH remained comfortably above the $1,220 price, buying strength has been weak on the daily chart. Ethereum has to keep trading above the $1,240 and $1,250 price levels for the coin to take a shot at $1,300. The bulls will lose all strength if the Ethereum price moves below the $1,240 mark and closes near $1,230. This price pullback can then further fuel a rally to $1,300.  Pagsusuri ng Presyo ng Ethereum: Isang Araw na TsartAng Ethereum ay napresyuhan ng $1,275 sa one-day chart | Pinagmulan: ETHUSD sa TradingView  ETH was trading at $1,275 at the time of

2022-12-10Ethereum

Shiba Inu (SHIB) to Be Listed by Major Japanese Exchange

Japanese subsidiary of San Francisco-headquartered cryptocurrency has OKed Shiba Inu (SHIB) token  总部位于旧金山的加密货币的日本子公司已确定 shiba inu (shib) 代币  OkCoinJapan, the Japanese subsidiary of OK Group, has anunsyado its decision to add the Shiba Inu (SHIB) token.  ok 集团的日本子公司 okcoinjapan 决定添加柴犬 (shib) 代币。  Its listing is expected to take place in mid-February 2023. The exact date is yet to be announced.  预计将于2023年2月中旬上市,具体日期尚未公布。  As iniulat ni U. Ngayon, Japanese fans of the SHIB token have been clamoring for a listing on a major local exchange for months. So far, such big players as bitFlyer, Coincheck and OKCoin are yet to list the popular meme coin.  几个月来,shib 代币的日本粉丝一直在呼吁在当地一家主要交易所上市。到目前为止,bitflyer、coincheck 和 okcoin 等大玩家尚未上架流行的模因币。  Last week, OkCoinJapan finally responded to a slew of requests to add support for SHIB, signaling that it was considering expanding the list of available trading options with the Dogecoin rival.  上周,okcoinjapan 终于回应了一系列增加对 shib 支持的请求,表明它正在考虑扩大与 dogecoin 竞争对手的可用交易选项列表。  OkCoin secured a license to operate in Japan back in 2020, becoming the very first international exchange to achieve such a feat.  okcoin 早在 2020 年就获得了在日本运营的许可证,成为第一个实现这一壮举的国际交易所。  The oldest Chinese cryptocurrency exchange, which was initially established back in 2013, is currently headquartered in San Francisco.  中国最古老的加密货币交易所最初成立于 2013 年,目前总部位于旧金山。  OkCoinJapan currently offers 16 cryptocurrencies, including Ethereum (ETH), XRP, Tron (TRX), Litecoin (LTC) and even some exotic altcoins such as the Enjin Coin

2022-12-10Industriya

Ethereum Remains Dominant Amidst Major Impacts to DeFi Ecosystem

Ethereum continues to be the largest DeFi ecosystem by far, and has consequently endured significant impacts from the collapse of FTX and Alameda  The decrease in liquidity across a large majority of DeFi protocols has been palpable, with some of the withdrawals appearing to have been performed by Alameda directly  Meanwhile, both staked ETH and liquid-staked ETH continue to rise as new estimates emerge for the upcoming Ethereum Shanghai upgrade in 2023, which would unlock the ability for validators to withdraw their staked ETH

2022-12-10Ethereum

BitMEX Founder Arthur Hayes Reveals ‘Super Power’ Altcoin Portfolio of Ethereum, GMX and One More Crypto Asset

crypto Ethereum  Itinatag ng BitMEX Founder Arthur Hayes ang Super Power Altcoin Portfolio ng Ethereum, GMX at Isa pang Crypto Asset  12 / 09 / 2022  Balita ng Ethereum ng Bitcoin  BitMEX founder Arthur Hayes is revealing his altcoin portfolio while predicting that 2023 could be a great year for the crypto industry.  Sa isang bagong artikulo, the crypto capitalist says that he expects the Federal Reserve to begin printing money again next year, which could serve as a catalyst for a massive rally for Bitcoin (BTC) and other risk assets.  Hayes notes that while he‘s waiting for the Fed to start printing money again, he’s planning on earning yield by purchasing US Treasury bills.  The venture capitalist goes on to reveal some of his altcoins holdings, describing some of them, such as derivatives exchange GMX and NFT marketplace LooksRare (TANONG), as ‘super-powered.’  According to Hayes, hes mostly interested in digital assets that have a correlating beta with BTC and Ethereum (ETH), meaning that if one or both of the top two digital assets were to see a rise in price, the altcoins would at a minimum also rise that amount.  Pagtanggi: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng

2022-12-10Ethereum

Ethereum price analysis: ETH slowly retests $1,270, reaction higher overnight?

Ethereum  Pagsusuri ng presyo ng Ethereum: Mabagal na sinusuri ng ETH ang $1,270, mas mataas ang reaksyon sa magdamag?  12 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum Ang pagsusuri ng presyo ay bullish ngayon dahil nakita natin ang pagsasama-sama sa paligid ng $1,250 pagkatapos mabigo ang mga mamimili na bumalik sa magdamag. Samakatuwid, ang kasalukuyang mabilis na muling pagsusuri ng nakaraang suporta ay malamang na sapat para sa ETH/USD upang mabilis na magpatuloy nang mas mataas sa susunod na 24 na oras.  ETH/USD traded in a range of $1,249.91 to $1,290.06, indicating mild volatility over the last 24 hours. Trading volume has increased by 35.80 percent, totaling $6,783,725,789, while the total market cap traded around $156.1 billion. Ethereum is trading at $1,276.15, up by 2 percent in the last 24 hours.  Ethereum presyo ipinapakita ng pagsusuri na ang ETH/USD ay nakikipagkalakalan sa loob ng medyo makitid na hanay sa nakalipas na ilang araw. Ang tsart ng presyo ng Ethereum ay nagpapakita na ang mga toro ay hanggang ngayon ay nagtatanggol sa anumang makabuluhang pagtanggi, na ang pinakamalapit na antas ng suporta ay nasa paligid ng $1,100. Ang ETH/USD ay nag-rally sa itaas ng $1,286 at nakikipagkalakalan sa paligid ng $1,281.63 na marka sa

2022-12-10Ethereum
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