‘Rich Dad’ R. Kiyosaki predicts Bitcoin to hit $120k next year as ‘USD will die’

Amid continuous warnings that the United States dollar will lose its position as the global reserve currency, Robert Kiyosaki, the author of the best-selling personal finance book has reiterated the advice to his followers to turn to assets like Bitcoin (BTC).  Specifically, Kiyosaki said that the heads of state of the BRICS (Brazil, Russia, India, China, and South Africa) nations would “announce gold-backed crypto” at their next summit, which will begin on August 22, 2023, in Johannesburg, South Africa, as he explained in his tiririt sa Hulyo 11.  Indeed, the Russian English news channel RT reported that the BRICS coalition would introduce a new trading currency backed by gold as “more and more countries are lining up to join the group,” as per the screenshots and quotes Nagbahagi by former journalist Willem Middelkoop on July 7.  According to the financial educator, the result of this is that the US currency “will die” as “trillions of US $ rush home” and bring “inflation through the roof.” As a way to protect oneself from the fallout, he advises investing in gold, silver, and Bitcoin, which he believes will hit the price level of $120,000 next year.  Agosto 22, 2023, sa Johannesburg, South Africa, inanunsyo ng mga

2023-07-11Bitcoin

Buterin Proposes Bitcoin Devs To Adopt Ethereums Approach

Bitcoin Ethereum  Iminumungkahi ni Buterin ang Mga Bitcoin Devs Upang Pagtibayin ang Diskarte ng Ethereum  17 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  During the discussion, the co-founder shed light on how Ethereum has progressively integrated diverse scaling solutions over time to enhance its throughput, as scaling emerged as the central topic of the discussion.  Layer-2 Scaling Approaches And Their Potential To Boost Bitcoin  Buterin emphasized the relatively slow transaction throughput of Bitcoin and stressed the importance of implementing additional Layer-2 scaling approaches. These approaches would aim to enhance the speed at which individuals can send and receive digital assets, addressing the need for improved efficiency in the BTC network.  Rollups are recognized as a Layer 2 solution that packages transaction data and moves it away from the main chain or Layer 1 blockchain.  A ZK-rollup, for one, is an off-chain protocol that functions on the Ethereum blockchain, managed through on-chain Ethereum smart contracts. It provides a scalable and faster method for transaction verification while preserving user privacy by avoiding the sharing of sensitive information.  Buterin specifically mentioned Optimism and Arbitrum as two notable examples of successful rollup implementations. He suggested that these projects could serve as valuable case studies for Bitcoin.  Over the years, Ethereum has been actively

2023-07-11Ethereum

Perpetual futures market sees Bitcoin reclaim dominance over Ethereum

Bitcoin Ethereum  Nakikita ng Perpetual futures market ang pagbawi ng Bitcoin sa pangingibabaw sa Ethereum  15 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Mabilis na Kumuha  Perpetual Futures have traditionally attracted significant open interest and trading volumes for both Bitcoin (BTC) and Ethereum (ETH). This trend underscores their widespread popularity as the futures products of choice within the crypto investment milieu.  Historically, BTC has maintained a trading volume supremacy over ETH in this market. However, this trend underwent a notable reversal between July 2022 and January 2023. During this time, Ethereums trading volume dominance started to match and eventually eclipse that of Bitcoin.  This shift can be attributed to a combination of events, including the Ethereum merge in September and the subsequent collapse of Luna and FTX. These occurrences triggered a sharp drop in the Perpetual Futures volume for Bitcoin.  Despite this, the landscape began to alter from 2023 onwards. Bitcoin reasserted its leading position in the Perpetual Futures market, claiming 65% dominance, with Ethereum accounting for the remaining 35%. Even in the wake of the historic shift and market turbulence, the Perpetual Futures market has continued to flourish, with Bitcoin at the forefront. The announcement of the ETFs has further fueled Bitcoins ongoing dominance.  Perpetual Volume Dominance:

2023-07-11Ethereum

Pagsusuri ng presyo 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

Bitcoin Ethereum  Pagsusuri ng presyo 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC  13 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.  Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 by the end of next year.  Large investors seem to be taking a bullish stance and are making the most of the stagnant Bitcoin prices. Behavioral analytics platform Santiment shows that sharks and whales, entities holding between 10 and 10,000 Bitcoin, have increased their hoarding by 71,000 Bitcoin since mid-June.  While the long term looks bullish, macroeconomic indicators hold the key in the short term. The United States equities market is likely to be influenced by second-quarter earnings and the inflation data due to be released on July 12. That is likely to set the stage for a risk-on or a risk-off sentiment.  Could the S&P 500 Index (SPX) resume its rally over the next

2023-07-11Ethereum

Got 4 ETH? You can stake your ether with Stader

Ethereum  May 4 na ETH? Maaari mong ipusta ang iyong eter sa Stader  13 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Stader Labs, a Panama based multi-chain liquid staking protocol, is set to launch its liquid staking services on Ethereum.  Users will now be able to mint ETHx, Stader‘s liquid staking token, and use it to participate in Ethereum’s DeFi ecosystem.  At launch, ETHx/ETH pools will be available on Curve, Uniswap and Balancer, with more functionality to arrive in the following months, the company noted in a press release reviewed by Blockworks.  With the exception of Rocketpools 8 ETH bonded mini pools, which enable users to operate a node with just 8 ETH, most native Ethereum staking protocols require users to lock up at least 32 ETH to run a node and participate in network security.  Stader has lowered this amount even more, allowing industry participants to contribute to securing the Ethereum network with just 4 ETH.  To ensure that new node operations can easily be onboarded, the protocol has also partnered with hosting platform Allnodes and hardware provider Avado. This collaboration aims to minimize the costs associated with operating a node.  The company will also be setting a limit of 22% share on all staked ETH. This decision

2023-07-11Ethereum

Will ETH Price Revisit $1800 Level?

Ethereum  Muling Bisitahin ang Presyo ng ETH sa $1800 na Antas?  11 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  In March, a bullish rally commenced for ETH price as it rejected the $1400 and started to rise, forming a high at $2141.54. The cryptocurrency price could not stay above $2000 for many days due to the presence of bears and at the end of April, it slipped below $2000.  After the bullish move, ETH price entered into a corrective phase, forming lower lows and lower highs. Recently, Ethereum price formed support at $1650 after the June downfall due to SECs legal proceeding against the major crypto exchanges.  A bullish rally was initiated after the positive sentiment was induced in the crypto market due to the news release regarding BlackRock, worlds leading asset manager, filed for Bitcoin Spot ETF on June 15.  The move led to a rise of roughly 18.78% but price could not sustain the rally and faced rejection near $1960. Bears didnt want the price to rise above $2000 and since the rejection, the cryptocurrency price has been in a bearish trend.  If bears can push Ethereum price below $1825, there is a possibility that the price might head toward the next support level of

2023-07-11Ethereum

Ethereum Triggers Correction Toward $1,900 – Will Bulls Support ETH Price Further?

Ethereum  Na-trigger ng Ethereum ang Pagwawasto Patungo sa $1,900 – Susuportahan Ba ng Bulls ang Presyo ng ETH?  12 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  As the sun rose on the global crypto market, Ethereum, the world‘s second-largest cryptocurrency by market capitalization, found itself in an upward correction mode. After a period of bearish rally, Ethereum has begun a correction phase, with its price inching towards the $1,900 mark. As Ethereum faces a market correction, the focus is on the bulls’ ability to prevent further price drops. This phase could potentially set the stage for Ethereum to break the $2,000 barrier.  Traders Are Bullish Toward Ethereum  CryptoQuant data reveals a correlation between Ethereum‘s price movements and its trading volumes on decentralized exchanges (DEX). Since January, there’s been a rise in ETH transactions on DEX platforms. In March, when the SEC sanctioned centralized exchanges, DEX trading volumes peaked, coinciding with an ETH price surge.  However, DEX volumes have since fallen, potentially indicating a bearish trend. While a correlation exists, it doesn‘t imply direct causation, as other factors also influence ETH’s price.  Despite various influences, traders maintain a positive stance on ETH, as evidenced by the decreasing put-to-call ratio. This ratio, a measure of options trading activity, signifies

2023-07-11Ethereum

Ethereum Node Locations Raise Concerns About US Government Involvement

Ethereum  Ang mga Lokasyon ng Ethereum Node ay Nagpapataas ng Mga Alalahanin Tungkol sa Paglahok ng Pamahalaan ng US  11 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum is currently the largest proof of stake (P0S) network after transitioning from a proof of work (PoW) mechanism late last year. This means that the network now uses validators to carry out transactions as opposed to miners using energy-intensive computers to solve complex mathematical problems to do the same thing – something that has been applauded as a step in the right direction by many in the space.  However, the location of Ethereum nodes worldwide, particularly their concentration in a particular location, has raised concerns among participants after a Twitter user pointed out a disturbing fact.  Mahigit 50% Ng Ethereum Node ang Nasa United States  Noong Linggo, isang user ng Twitter na si Hamzah Khan ang gumawa ng post na nagbubunyag na higit sa 50% ng mga node ng Ethereum ang naka-host sa mga datacenter sa United States.  Sa kasalukuyan ay may humigit-kumulang 5,500 node na nagpapatakbo ng Ethereum, at halos kalahati ay nakabase sa US.  Sa mga ito, higit sa kalahati ay nasa isang solong data center sa Virginia, 20 minuto ang layo mula sa white house at sa

2023-07-11Ethereum

Arcadia Finance Hit by $455K Exploit on Both Ethereum, Optimism Networks

Ethereum  Arcadia Finance Natamaan ng $455K Exploit sa Parehong Ethereum, Optimism Networks  10 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the Ethereum and Optimism networks. Confirming the hack, Arcadia revealed that it is working with security partners to minimize the damage after pausing the contracts.  The platform has also roped in law enforcement to deal with the issue.  Blockchain security expert PeckShield was first to notify the attack on Arcadia and inaangkin that it was caused due to “the lack of untrusted input validation,” which is exploited to drain funds from both darcWETH and darcUSDC vaults.  The firm highlighted another vulnerability in the DeFi protocol – “lack of reentrancy protection” – which enables instant liquidation to bypass the internal vault health check.  The stolen funds from the Optimism network portion were washed on the controversial coin mixer, Tornado Cash. But the Ethereum portion of the stolen funds, worth over $103,000, continued to remain parked in a flagged wallet address.  Arcadia has not yet confirmed the validity of the root cause identified by PeckShield, but it said that an investigation is being carried out. The protocols latest pahayag basahin,  “We will

2023-07-11Ethereum

ETH staking hits new highs as traders expect this outcome

Ethereum  Ang ETH staking ay umabot sa mga bagong pinakamataas habang inaasahan ng mga mangangalakal ang resultang ito  8 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  The much-awaited Shapella Upgrade, which went live on the Ethereum [ETH] mainnet more than two months ago, has begun to advance towards its goal of boosting ETH staking.  Green ba ang iyong portfolio? Tingnan ang Ethereum Profit Calculator  According to on-chain analytics firm Glassnode, the total ETH locked on the largest proof-of-stake (PoS) network surged past 26 million at the time of writing. This represented an impressive 18% jump from the day Shapella Upgrade was executed.  Pinagmulan: Glassnode  New validators come onboard  Staking, which was considered to be a risky proposition owing to withdrawal ambiguity, got a boost after the Shapella Upgrade permitted users to unstake their ETH. This confidence led them to restake their ETH after an initial burst of withdrawals.  At the time of publication, the total amount staked accounted for nearly 21% of ETHs total circulating supply.  However, the increase in staking was not only due to deposits from existing stakers. Additional data revealed that there has been a sizable growth in the number of new addresses depositing 32 ETH to the Ethereum smart contract. While the pace has evidently slowed

2023-07-11Ethereum
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