Ethereum Holds Above $2,700 and Reaches Oversold Region - BitcoinEthereumNews.com

The price of Ethereum (ETH) is in a downtrend as the largest altcoin has reached the low of $2,717. The price of Ether has a series of lower highs and lower lows.  Ethereum Price Long-Term Analysis: bearish  n Today, the cryptocurrency is trading at $2,840 as of press time. The current upward correction is likely to be rejected at a high of $2,951. In other words, the market will face resistance at the 21-day line SMA. If the bulls break the moving averages to the upside, the market will rise to the highs of $3,000 or $3,500. However, if the altcoin fails to break through the moving averages, Ether will retrace and regain the previous low at $2,717. Nevertheless, the altcoin will continue to fall to $2,447 if the price breaks the current support.  n Pagsusuri ng mga tagapagpahiwatig ng Ethereum  n Ether is at level 42 of the Relative Strength Index for the period 14. The largest altcoin is trading in the downtrend zone and is capable of further downward movement. Ether also has a bearish crossover. That is, the 21-day line SMA crosses below the 50-day line SMA, indicating a sell order. The altcoin is below the 20% area of the daily

2022-05-02Industriya

MedTech Firm, Spine, Changes Name, Introduces Product for Crypto Miners - BitcoinEthereumNews.com

cryptoMedTech Firm, Spine, Changes Name, Introduces Product for Crypto Miners05 / 02 / 2022Balita ng Ethereum ng Bitcoin  Spine Injury Solutions, a spine injury-related medical service and technology (MedTech) company, has changed its name to Bitech Technologies Corporation.  This comes a few weeks after the MedTech company completed its pagtatamo of Bitech Mining Corporation, a revolutionary renewable energy technology solution provider for the cryptocurrency mining industry.  The change of name is part of the companys planed expansion of its business to focus on the introduction of its Tesdison technology, a patented self-charging technology to provide a green energy solution to the cryptocurrency mining sector.  Spine said the new name was approved by its Board of Directors last Thursday, adding that it plans to file a notice regarding the change and a request for a symbol change with the Financial Industry Regulatory Authority.  Panatilihin Reading  It noted that Tesdison was validated by National Technical Systems, a global provider of testing, inspection and certification services, in September 2019.  The Tesdison Technology  Spine said Tesdison, a high-efficiency electric power generation and charging system, is a US-patented technology named by combining ‘Tesla’ and ‘Edison’.  “This system is expected to result in a power-savings solution with up to a 99% energy efficiency to replace

2022-05-02Industriya

El Salvador Bitcoin wallet shows ‘strong sign of adoption,’ exec says - BitcoinEthereumNews.com

El Salvadors government-backed Bitcoin (BTC) wallet has reached significant success in terms of adoption, according to an exec at the cryptocurrency exchange behind the wallet.  The Chivo wallet was launched in conjunction with BTC becoming legal tender in El Salvador on Sept. 7, 2021. The official platform allows users to buy and sell Bitcoin, offering cryptocurrency custody and exchange services provided by the Mexican crypto trading platform Bitso.  Bitso essentially provides back-end technology so that the government of El Salvador can purchase Bitcoin and ensure that BTC is convertible to the United States dollar, Bitsos chief corporate and regulatory affairs officer Felipe Vallejo told Cointelegraph on Friday.  “Ever since it began working with the government in September, Bitso has continued to provide liquidity to the Chivo wallet,” Vallejo said. He added that Bitso started to operate in El Salvador through Chivo and is currently present in the country via that platform only. However, the exchange is active in Mexico, Brazil, Argentina and Colombia.  According to Vallejo, Chivo has achieved great success in the seven months after its somewhat bumpy rollout, when the wallet faced technical issues and even went offline.  “Through our work with the Chivo Wallet, weve been able to see how a significant

2022-05-02Industriya

Gold Is Under Pressure As Treasury Yields Return To Yearly Highs - BitcoinEthereumNews.com

Gold settled below the support at $1890 and is trying to get below the next support level at $1880. In case this attempt is successful, gold will move towards the support, which is located at $1865.  A successful test of the support at $1865 will open the way to the test of the next support at $1850. If gold declines below this level, it will head towards the support at $1830.  On the upside, the previous support at $1890 will serve as the first resistance level for gold. In case gold gets back above this level, it will head towards the resistance at $1900.  A successful test of the resistance at $1900 will push gold towards the next resistance at $1915. If gold moves above this level, it will head towards the 20 EMA at $1925.  Para sa isang pagtingin sa lahat ng mga kaganapan sa ekonomiya ngayon, tingnan ang aming pang-ekonomiya kalendaryo.  Patuloy ang kuwento  ito artikulo ay orihinal na nai-post sa FX Empire

2022-05-02Industriya

Wealth Manager Mike Alfred May Have Left Secret Message for Cardano Community in His Recent Tweet - BitcoinEthereumNews.com

While Cardano gets its portion of criticism, its not related to fundamental problems of the network  Nilalaman  Ethereum user pays $40,000 in fees  Solana going down  Sa kanyang pinakabagong tiririt, cryptocurrency wealth manager Mike Alfred criticized networks like Ethereum, Solana and even Cardano, highlighting the superiority of Bitcoin, which holds stable block issuance and processing since the launch of the blockchain.  The tweet gathered the most recent negative events from each network, including Ethereum, Cardano and Solana. But while the wealth manager highlighted functionality and performance issues on the two networks, Cardanos critique was not of the fundamental issues of the network.  Si Solana ay sira. Napakataas ng mga bayarin sa gas ng Ethereum na talagang hindi ito magagamit. Ang Cardano ay magiging zero.  Samantala, #Bitcoin naglalabas ng bagong bloke tuwing 10 minuto tulad ng orasan.  Hindi ito rocket science, mga tao.  - Mike Alfred (@mikealfred) Mayo 1, 2022  Alfred noted that Cardanos market performance was far from being acceptable by the cryptocurrency market standard, but the network keeps on growing, allowing developers to build scalable, cheap and efficient decentralized solutions and applications.  Ethereum user pays $40,000 in fees  Following the minting of lands in the Otherside Metaverse related to the Bored Ape Yacht Club, the Ethereum network became highly congested, causing

2022-05-02Industriya

ETH burning and gas prices surge, how will ETH’s value be shaped? - BitcoinEthereumNews.com

EthereumETH burning and gas prices surge, how will ETHs value be shaped?05 / 02 / 2022Balita ng Ethereum ng Bitcoin  Ethereum ETH / USD is a community-run cryptocurrency project that powers thousands of decentralized applications (dApps).  It is also the home for many non-fungible tokens (NFTs), as many creatives will typically select this specific blockchain network as a means of minting their NFTs.  n Naghahanap ka ba ng mabilis na balita, maiinit na tip at pagsusuri sa merkado?n n Pag-sign up para sa Invezz newsletter, ngayon.n n  The Yuga Labs sale of Otherdeeds NFTs as a catalyst for growth  Ethereum‘s community saw the largest NFT mint as of yet, as Ethereum’s gas prices increased to unprecedented levels, as even users experienced failed transactions due to bottlenecks experienced by the network.  On April 26, we went over an Ethereum Health Check, where we jumped into on-chain analysis to view the state of the worlds second-largest cryptocurrency. However, this network was tested to its limits on May 1, 2022.  Bored Ape Yacht Club creator Yuga Labs launched a sale of Otherdeed NFTs, which represent digital land seeds on the Otherside metaverse.  Each piece of land sold at 305 ApeCoin (APE), after which Yuga Labs made $561 million after selling 55,000

2022-05-02Ethereum

Failed Attack on NEAR Protocol Rainbow Bridge Cost Attacker 2.5 ETH - BitcoinEthereumNews.com

Ang MALAPIT Protocol Rainbow Bridge was attacked on May 1. No funds have been stolen, and the attacker even lost some money, according to the CEO of Aurora Labs, Alex Shevchenko.  Shevchenko added that additional measures will be taken to ensure that the cost of an attack would increase.  ???? on the Rainbow Bridge attack today.nTL;DR: attack was stopped automatically, no bridged funds lost, attacker lost some money, bridge architecture was designed to resist such attacks, additional measures to be taken to ensure the cost of an attack attempt is increased  — Alex Shevchenko ???????? (@AlexAuroraDev) Mayo 1, 2022  He also posted the address of the attacker, who started with some ETH sent through Tornado Cash. The attempt began on May 1, with the attacker deploying a contract meant to deposit some funds to become a Rainbow Bridge relayer. The attack idea was to send made-up light client blocks.  After a while, one bridge watchdog discovered that the submitted block was not in the NEAR Protocol blockchain and sent a challenge transaction to Ethereum. Shevchenko explains in his tweet,  “As a result, watchdog transaction failed, MEV bot transaction succeeded and rolled back the fabricated block of the attacker. Some min after this, our relayer submitted a

2022-05-02Ethereum

Yuga Labs Otherdeeds Sold Out as the Startup Cashes in Over $320M - BitcoinEthereumNews.com

Just as the Bored Ape project is renowned for its massive hype, the build-up to the Otherside launch was filled with a lot of speculation in the community. Yuga Labs did not unveil the modalities through which the launch will take place. In the absence of certainties, potential collectors prepared for a Dutch Auction, however, considering the complexities and the demand, the Yuga Labs team nakalagay the minting price at a flat 305 APE (worth approximately $5,800 at the time of the sale).  As expected, there was a massive gas war with data nagpapakita users paying up to $4000 to $10,000 in fees, a range that naturally prevented a lot of prospective collectors from participating in the sale. Nonetheless, the available 55,000 Otherdeeds were sold out to over 27,000 collectors, while the remaining 45,000 are reserved for claiming by BAYC and Mutant Ape Yacht Club (MAYC) owners within a 21-day period.  Yuga Labs has continued to add value to its community, which has now pinalawak upang isama the CryptoPunks and Meebits NFT collections also. With the Otherdeeds granting holders access to metaverse lands in the Otherside, many more discoveries remain for Bored Ape to unravel in the near future.  While the price of

2022-05-02Industriya

Wikimedia Foundation Has Suspended Crypto Donation on its Platforms - BitcoinEthereumNews.com

The move became necessary based on requests from its community of donors as detailed in an anouncement shared by the Foundation.  The Wikimedia Foundation is an umbrella body for a group of platforms that adhere to the Wiki style of websites which permits editing from various internet users. Some of the branches within the companys body include Wikipedia, Wikibooks, Wikiversity, and Wikinews respectively.  The Wikimedia Foundation started accepting digital currencies for its donations back in 2014 at the behest of its community, and it said the decision to halt these forms of donation is based on months of discussion by the same community over the suitability of digital assets as donation assets for the platform.  “The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating. We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities. We are making this decision based on recent feedback from those same communities,” the anouncement from the foundation reads.  As revealed, the implication of the move, according to the Wikimedia Foundation, is that it will be closing down its Bitpay account, a move that will take away its ability to directly accept cryptocurrency as a

2022-05-02Industriya

Ang mga May hawak ng Cardano ay Mabilis na Nagtapon ng Presyo ng ADA Disappoints investors - BitcoinEthereumNews.com

Sa 478 na mamumuhunan lamang na may hawak na 15.86 bilyong ADA, ang panganib ng isang mabilis na dump ay tunay na totoo. Kahit na ang Cardano ay may umiikot na supply na 33.75 bilyong ADA, ang pagtatapon ng 10 milyon o higit pang ADA ay malamang na magdulot ng malaking pagbaba ng presyo, at dahil sa kasalukuyang estado nito, hindi na talaga kailangan ng Cardano ang mga iyon.  Walang nagawa ang Cardano maliban sa sirain ang mga adhikain ng mga mamumuhunan nito ngayong buwan, na tuwang-tuwa sa 54.79 porsiyentong nakuha ng altcoin mula sa nakaraang buwan. Presyo ng ADA dumaan sa mahalagang suporta ng $1.02 at $1, isang makabuluhang sikolohikal na threshold, na nagpapahina sa pagtaas at nag-iiwan sa mga mamumuhunan na nabigo.  Naturally, sa sandaling lumitaw ang mga pulang kandila, nawalan din ng interes ang mga mamumuhunan, at naobserbahan ng network ang mabilis na pagbaba sa bilang ng transaksyon hanggang sa wala pang 20k bawat araw, ang pinakamababang istatistika na nakita ni Cardano mula noong Disyembre 2020. Hanggang noon, ang average na bilang ng mga transaksyon bawat isa ang araw ay nasa 80k hanggang 100k.  Pagsusuri ng presyo ng ADA:  Kung ihahambing sa Bitcoin, lumilitaw na lumilipat ang merkado ng Cardano sa

2022-05-02Industriya
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