Bitcoin Falls Below $20,000 After Twitter Row Between Billionaire Crypto Executives Triggers Withdrawals From FTX

Bitcoin cryptoBumaba ang Bitcoin sa $20,000 Pagkatapos ng Twitter Row sa Pagitan ng Bilyonaryo na Crypto Executives Nag-trigger ng Withdrawals Mula sa FTX  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  Topline  The price of bitcoin fell below $20,000 on Monday—dropping alongside other major cryptocurrencies—amid concerns about the financial health of FTX, one of the world’s largest cryptocurrency exchanges, a day after competitor Binance announced it would dump FTX’s token.  FTX CEO Sam Bankman-Fried accused Binance CEO Changpeng Zhao of trying to go after his company with  Virgile Simon Bertrand for Forbes.key Katotohanan  Early on Tuesday morning, bitcoin prices stood at $19,722, down more than 5% compared to the previous day, while Ethereum fell more than 6% to $1,482.  Tuesday’s crash in crypto prices follows a massive outflow of tokens from FTX in the past 24 hours amid fears that the popular crypto exchange may be insolvent.  Concerns about FTX’s health emerged on Sunday after Binance CEO Changpeng Zhao anunsyado his company would liquidate its holdings of FTX’s FTT token “due to recent revelations.”  A day later, FTX CEO Sam Bankman-Fried binaril pabalik at Zhao on Twitter saying a “competitor is trying to go after us with false rumors,” adding that FTX and its assets are fine.  The price

2022-11-08Industriya

Oryen Network Finds Massive 100% Gains During Presale, How To Know If Ethereum Is Poised For More Upside?

EthereumOryen Network Finds Massive 100% Gains During Presale, How To Know If Ethereum Is Poised For More Upside?  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  The latest analysis shows ETH has a good chance of breaking out. Bullish cues have recently emerged from a classic technical setup called the cup and handle pattern. It forms when prices experience a U-shaped recovery, like a cup, and then a slight downward trend, the handle. All this happens while it retains a common resistance level called the neckline.  The cup and handle pattern is often a sign of a bullish setup. Once its breaks out, Ethereum could be headed to the moon. However, there is yet to be a telling when that is. It could be in the next few days or the next few weeks. What is clear is that the second biggest crypto coin market cap is poised for big things.  Oryen Network Records Massive Gains  While Ethereum is showing signals of a bullish period, it will take some time to get there. One of the most promising projects for gains in a short timeframe is the Oryen Network, which recently saw +100% movement. That is a better performance than Ethereum will achieve in

2022-11-08Ethereum

Top Proof-of-Stake tokens to get for November ADA, ETH, ALGO

Ethereum  Mga nangungunang Proof-of-Stake na token na makukuha para sa Nobyembre ADA, ETH, ALGO  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  There is a lot of activity when it comes to Proof-of-Stake (PoS) cryptocurrencies, where the most popular options include Cardano (ADA / USD), Ethereum (ETH / USD), and Algorand (ALGO/USD).  Vitalik Buterin, ang co-founder ng Ethereum, idinagdag ni a new category of milestones to the technical roadmap and introduced the Scourge in an expanded six-partechnical roadmap.  We covered how Algorithm ay ang chosen blockchain on top of which FIFA+ Collect was created, which is a digital collectible platform that lets fans have blockchain ownership of iconic football game moments.  The FIFA World Cup 2022 is scheduled to take place in Qatar from November 20 to December 18, 2022, and fans are jumping into the app, fueling interest in Algorand as well.  Dogecoin co-creator Billy Markus and Cardano Founder Charles Hoskinson had a feud on Twitter. However, they decided to ibaon mo ang palakol following their heated exchange, however, this did bring attention to ADA.  Additionally, Input Output, the development team behind Kardan, has expanded its team and appointed Dr. Vanishree Rao as the head of applied cryptography.  From May 2017 to December 2018, Dr. Rao worked

2022-11-08Ethereum

Ethereum (ETH) Dumped sa Major Dami sa FTX Exchange

Ang kamakailang paglipat ng $500 milyon na halaga ng FTX Token (FTT) sa Binance ay nagdulot ng malaking pag-aalinlangan sa paligid ng pananalapi ng crypto exchange. Gayunpaman, tiniyak ng CEO ng FTX na si Sam Bankman-Fried na ang lahat ng operasyon ay gumagana nang maayos ngunit ang mga namumuhunan ay pinindot ang panic button.  Bukod sa FTT liquidation, ang mga user ay nag-withdraw ng mga pangunahing altcoin tulad ng Ethereum mula sa pangunahing FTX wallet. Ayon sa on-chain data, sa gitna ng Binance drama, higit sa 90% ng Ethereum (ETH) ang na-dump mula sa FTX main wallet. On-chain na data provider Santiment mga ulat:  Kagandahang-loob: Santiment  Ang crypto winter ng 2022 ay nakitaan ng maraming manlalaro na nag-freeze ng mga withdrawal ng user. nagdulot ito ng matinding pag-aalala sa komunidad ng crypto. Bilang resulta, ang anumang mga negatibong sentimyento ay nagreresulta sa isang matinding reaksyon tulad ng nakikita sa kaso ng mga pag-withdraw ng Ethereum mula sa FTX.  Ang pinuno ng FTX na si Sam Bankman-Fried ay tiniyak na ang mga bagay ay gumagana nang maayos. Sa isang tiririt kahapon, isinulat niya:  Ang isang katunggali ay nagsisikap na habulin kami ng mga maling alingawngaw. Maayos ang FTX. Maayos ang mga asset. Ang FTX ay may

2022-11-08Ethereum

Binance Platform Holds $8 Billion ETH in Its Cold Wallet

Binance CEO stated that the platform has about $8 billion ETH in its cold wallet.  Ethereum is currently trading at $1,472 and is down 7.98%.  Changpeng Zhao, CEO ng Binance, reported that as of this mornings early hours, the BNB platform had ETH worth about $8 billion stored in its cold wallet. He added that they are serving as custodians for the user funds and further clarified that these funds are unrelated to the platform.  Additionally, on November 7, Binance tweeted that on November 8, they would perform wallet maintenance for the Ethereum Network (ERC-20). As stated by the Binance team, withdrawals have been suspended this morning to secure the wallets. This maintenance process will not have an impact on the ETH.  And on November 7, the Binance platform dumped all FTT tokens, causing the FTX to experience a top collapse of its Ethereum (ETH) reverse. The exchange has lost nearly 300,000 ETH in the last two days, according to data provider CryptoQuant. FTXs Ethereum reserve is currently around 108,246.43. This is one of the most significant drops recorded since November 2020.  Todays ETH Price Statistics  The entire crypto market has been facing bears in recent days, with the global crypto market down 6.83% and trading

2022-11-08Ethereum

Burned LUNC Crosses 26 Billion, But Is This Enough?

The LUNA Classic (LUNC) community has now been burning the cryptocurrency for a couple of months now following the collapse of the Terra network. It has been on a reasonable momentum since then with the likes of Binance joining in on the action. So far, there have been more than 26 billion tokens burned, but the question still remains if this is significant to the overall supply of the digital asset.  Less Than 0.4% Of The Supply  The LUNC burned has since crossed 26 billion. Obviously, this was helped along by crypto exchange Binance which has burned more than $3 million worth of LUNC at this point. It also goes to show how fast the token burn is moving in terms of the dollar value. However, when held up against the total supply of the cryptocurrency, this number falls short.  At 26.3 billion tokens burned, it puts the total burned volume at just 0.38% of the total supply of the digital asset. In the end, it makes the burned figure inconsequential since it has no significant bearing on the supply and by extension, the price of LUNC in the market.  For LUNC to record any impact on the price, more coins would need to

2022-11-08Industriya

European Commission to soon propose legislation on a digital Euro

The European Commission is soon going to bring out legislation on the digital Euro, said European Central Bank (ECB) President Christine Lagarde.  Lagarde was pagtugon the “Towards a legislative framework enabling a digital euro for citizens and businesses” conference when she made these remarks.  “The timely adoption of a legal framework for the digital euro would give all stakeholders the necessary legal certainty to prepare for its possible introduction and send a strong signal of political support… Im very much looking forward to the legislative proposal for establishing a digital Euro, which the European Commission will propose shortly,” Lagarde added.  ECBs long investigation into the European CBDC  It was in January 2020 that the ECB nagsimula studying the issuance of a digital Euro. During 2020-21, the bank hinahangad public consultation in regard to developing a European CBDC.  In October 2020, the ECB published a ulat, “ECB intensifies its work on a digital euro.” Lagarde said, “Europeans are increasingly turning to digital in the ways they spend, save and invest. Our role is to secure trust in money. This means making sure the euro is fit for the digital age. We should be prepared to issue a digital euro, should the need arise.” This means that

2022-11-08Industriya

Ethereum price analysis: ETH reacts at $1,540, ready for another wave higher?

EthereumEthereum price analysis: ETH reacts at $1,540, ready for another wave higher?  11 / 07 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum price analysis is bullish today as we have seen strong retrace and clear signs of support at the $1,540 mark. Therefore, another higher low is set and ETH/USD is likely ready to continue even higher over the next days.Mapa ng Cryptocurrency heat. Pinagmulan: Coin360  The market has traded in the red over the last 24 hours with Bitcoin losing 2.73 percent. Meanwhile, Ethereum declined by 2.75 percent, with most of the market moving even lower.  Nakipag-trade ang ETH/USD sa hanay na $1,550.42 hanggang $1,617.18, na nagpapahiwatig ng malaking pagkasumpungin sa nakalipas na 24 na oras. Ang dami ng kalakalan ay tumaas ng 52.72 porsiyento, na may kabuuang $15.15 bilyon, habang ang kabuuang market cap ay nakipagkalakalan sa humigit-kumulang $193.37 bilyon, na nagreresulta sa pangingibabaw sa merkado na 18.79 porsiyento.  On the 4-hour chart, we can see bullish momentum returning over the past hours, likely leading ETH to reverse overnight and continue testing further upside.  4-oras na tsart ng ETH / USD. Pinagmulan: TradingView  Ethereum presyo action has traded with declining bullish momentum last week as only slightly higher local highs could be set. After the

2022-11-08Ethereum

Uneven Growth Rate In Ethereum, Solana, And Cardano As Per Cardano Quarter Earnings

EthereumUneven Growth Rate In Ethereum, Solana, And Cardano As Per Cardano Quarter Earnings  11 / 07 / 2022  Balita ng Ethereum ng Bitcoin  The United States’ largest crypto currency exchange platform, Coinbase, announced its third quarter earnings, which show a decline in the profits. Due to weak market conditions and lawsuits filed against Coinbase, revenue fell to $576.4 million (USD), a decrease of 28% from second quarter earnings. Its net loss was reduced to $544.6 million (USD).  Samantala, ang staking at custody service nito ay nag-ulat ng 43% na paglago kumpara sa ikalawang quarter. Sa nakaraang quarter, ipinangako ng Coinbase sa mga shareholder na pagbutihin ng entity ang mekanismo ng staking nito sa platform. Kamakailan, inilunsad ng Coinbase ang isang liquid staked token na tinatawag na Coinbase wrapped Ethereum (CBETH). Noong Marso, itinaas ng Coinbase ang suporta nito para sa Cardano stake.  Staking is a process that helps the long term crypto holders to earn rewards for holding certain types of digital currencies. For staking the cryptocurrencies, they utilize consensus mechanisms, a popular crypto method called Proof of Stake (PoS). Currently, if the investor wants to stake, there are a lot of options, like Ethereum, Cosmos, Solana, and Cardano.  The company released a letter on November

2022-11-07Ethereum

Ethereum Reaches Oversold Region as It Recoups Above $1,500

Ethereum  Ethereum Reaches Oversold Region as It Recoups Above $1,500  11 / 07 / 2022  Balita ng Ethereum ng Bitcoin  Nob 07, 2022 nang 11:42 // presyo  The price of Ethereum (ETH) is currently in an uptrend. The largest altcoin continues to move between the $1,500 support and the $1,600 level. The $1,600 resistance area was tested twice by buyers, but they were unable to maintain their bullish momentum above it.   The negative momentum against Ether stalled for today above the $1,500 support. After Ether was demented at the $1,600 high, it was initially forced to fall to the $1,400 support. The altcoin is expected to rise and reach its previous highs of $1,600 and $1,800 again if it overcomes the initial resistances. The altcoin is currently declining, which cancels the upward movement. If Ethereum is rejected by the stock market, it would quickly fall to a low above $1,400.  Pagsusuri ng tagapagpahiwatig ng Ethereum  Ethereum is still at the 58 level of the Relative Strength Index for the 14 period, suggesting that the value of the altcoin will rise. The price bars for Ether are above the moving average lines, indicating a possible price increase. Ether is below the 20% area of the daily stochastic. This

2022-11-07Ethereum
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