Ethereum Network Growth Hits 4-Month Peak; Can the ETH Bulls Pick From Here?

Ethereum  Ang Ethereum Network Growth ay umabot sa 4 na Buwan na Peak; Maaari bang Pumili ang ETH Bulls Mula Dito?  Balita ng Ethereum ng Bitcoin  The Ethereum (ETH) market has struggled to rally past $2000 in the past four months, raising concerns of possible correction in the coming months. The indecisive nature of the Ethereum market in the past few months has undeniably cooled down the crypto bear market rally.  Nonetheless, the weekly Ethereum price action shows the bulls are still in control of the bear market rally. Moreover, Ether price action has not invalidated the higher highs and higher lows YTD.  Ethereum On-chain Activity On the Rise  According to a recent on-chain study conducted by market intelligence platform Santiment, Ethereums network growth has hit its four-month peak despite market indecisiveness. Interestingly, the number of new Ethereum addresses created this week has scaled higher than 550k. According to Santiment, the exponential increment of Ethereum addresses is a direct indication of an imminent growth in market cap.  As the leading smart contract-based blockchain, Ethereum has attracted more DeFi developers in the past few years. The Ethereum network had a total value locked (TVL) of about $26 billion with its stablecoins market cap at about $68.9 billion on

2023-07-07Ethereum

ETH DeFi circuit breaker could cut hack losses by 70% — Developer

Ethereum  ETH DeFi ‘circuit breaker’ could cut hack losses by 70% — Developer  Balita ng Ethereum ng Bitcoin  A decentralized finance “circuit breaker” could have prevented billions of dollars worth of crypto being stolen from DeFi protocols in 2022, according to the developer of the newly published ERC-7265 proposal.  A new Ethereum request for comment (ERC) was published on Github on July 3. In it, the lead developer Diyahir Campos proposed a standard for a DeFi “circuit breaker.” It essentially aims to set a standard for a smart contract with the ability to halt suspiciously large token outflows from a DeFi protocol.  1Inanunsyo ang ERC 7265: Circuit Breaker  Inaayos namin ang pinakamalaking problema sa DeFi Security – kawalan ng oras ng pagtugon para mabawasan ang mga hack.  Last year was the single biggest year for crypto hacks, with at least $3.1 billion stolen from DeFi protocols, 65% of that coming out of cross-chain bridges.  Speaking to Cointelegraph, Campos said circuit breakers could have prevented billions in losses.  “The ones that werent rugs, you could probably save 70% of the money […] with minimal impact to users.”  Campos revealed he was one of the many that lost funds in the $195 million Euler Finance attack in March, which led to contagion

2023-07-07Ethereum

Ethereum Trading Volume Surges 35%, Can It Break $2,000 Before The Weekend?

Ethereum  Ang Dami ng Ethereum Trading ay Lumakas ng 35%, Mababali ba Ito ng $2,000 Bago Ang Weekend?  Balita ng Ethereum ng Bitcoin  Ethereum followed up with the recovery of Bitcoin on Thursday, marking a green start to another trading volume. Amid this, the digital assets trading volume has jumped significantly in just the last day, a development that could drive the cryptocurrency toward the coveted $2,000 level.  Ethereum Daily Trading Volume Rises By 35%  According to coin data tracking website Coinmarketcap, the Ethereum daily trading volume has seen one of the most rapid rises in the last day. At the time of this writing, the Ethereum daily trading volume has ballooned to over $7 billion. This increase is a solid 35% higher than the daily trading volume recorded the prior day.  The ETH/USDT trading pair has accounted for the majority of this volume with this trading pair on the Binance exchange alone crossing $610 million. However, the ETH/USD pair on Coinbase, the largest cryptocurrency exchange in the United States, has climbed to one $156 million as well.  This rise in trading volume has seen the digital asset‘s price reclaim support above $1,940, albeit a shaky one. Nevertheless, it shows the bulls are currently waking up once

2023-07-07Ethereum

Bitcoin Startup Labs Summer 2023 Cohort Gears Up To Propel Growth In The Bitcoin Ecosystem

Bitcoin  Bitcoin Startup Labs Summer 2023 Cohort Gears Up To Propel Growth In The Bitcoin Ecosystem  Balita ng Ethereum ng Bitcoin  Bitcoin Startup Lab is gearing up for its Summer 2023 cohort, bringing together industry titans, investors and innovators to fuel growth in the Bitcoin ecosystem. With a focus on collaboration and mentorship, the pre-accelerator program aims to enable founders to create innovative solutions on Bitcoin. The program spans 12 weeks and has doubled the number of participating teams from the previous cohort, reflecting the increasing interest in the Bitcoin startup space.  The Summer 2023 cohort will have the privilege of learning from top industry minds who share a vision of building a thriving Bitcoin economy. Mentors and ecosystem supporters include Tyler Evans, managing partner at 2140 Bitcoin Ecosystem Fund, Jason Fang, founder of Sora Ventures, Jameson Lopp, CTO at Casa and Danny Yang, the founder of OnChainMonkeys. These mentors, among many others, contribute their collective wisdom and experience to foster unprecedented innovation and growth in the Bitcoin ecosystem.  Bitcoin Startup Lab goes beyond theoretical education and provides a platform for the cross-pollination of ideas and technologies. The program grants founders access to potential investors and equips them with the skills needed to lead successful

2023-07-07Bitcoin

Ethereum NFT royalties hit two-year low as Bored Ape floor price falls below 30 ETH

Ethereum NFT  Ethereum NFT royalties hit two-year low as Bored Ape floor price falls below 30 ETH  Balita ng Ethereum ng Bitcoin  Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen.  Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club NFTs as well as controversy surrounding the launch of the Azuki Elementals collection.  April 2022 saw the peak of NFT royalties, with NFT creators bagging an estimated $75.7 million in royalties in a single week. According to Nansens data, BAYC creators Yuga Labs has earned a total of $165.5 million in royalties across its portfolio of NFT collections.  RTFKT has earned a total of $79.9 million in royalties from its collections, which includes the likes of CloneX. Azuki has scored $58.2 million from its zuki, Beanz, Elemental Beansa and Elementals collections.  Proof, the studio behind Moonbirds, netted $35 million in revenues while Doodles has made $27.4 million from its Doodles, Space Doodles, Genesis Box and Dooplicato collections. Pudgy Penguinss revenue amounts to $8.3 million across its Pudgy Penguins, Lil Pudgys and Pudgy Rods drops.  Nansen

2023-07-06Ethereum

Mga Ethereum Vault Para sa Pag-secure ng Mga Digital na Asset

Ethereum  Mga Ethereum Vault Para sa Pag-secure ng Mga Digital na Asset  Balita ng Ethereum ng Bitcoin  Ang merkado ng cryptocurrency ay lubhang pabagu-bago sa mga mamumuhunan na bumibili ng mga crypto coin at token. Sa mga panlabas na banta at panggigipit tulad ng mga nag-crash na merkado, cyber criminal, at iba pa, ang mga mamumuhunan ay palaging naghahanap ng mga epektibong paraan upang mapangalagaan ang kanilang mahahalagang digital asset. Ang mga indibidwal na may hawak na Ethereum token ay mas interesado sa kung paano protektahan ang kanilang mga pamumuhunan sa cycle ng kalakalan. Dito pumapasok ang kapangyarihan ng isang Ethereum vault. Salamat sa mga crypto vault, ang mga mamumuhunan ay maaaring makahinga ng maluwag sa kabila ng malalaking pag-crash ng merkado.  Ano ang Vaults?  Tulad ng mga crypto wallet, ang mga Ethereum vault ay nakapaloob din at naka-secure na mga lugar kung saan naka-imbak ang mga Ethereum token. Ang pagkakaiba ay nasa dagdag na layer ng seguridad o proteksyon; kaya, ang mga locker ay itinuturing na isang mas ligtas at mas mahusay na opsyon kaysa sa mga wallet sa kasalukuyang merkado. Maaaring kailanganin ng user ng vault na humingi ng pag-apruba sa transaksyon, hindi tulad ng mga wallet ng Ethereum. Ito ay epektibo sa

2023-07-06Ethereum

Ethereum Price Retests Uptrend Support Amidst Market Turmoil

Ethereum  Sinusuri muli ng Presyo ng Ethereum ang Uptrend na Suporta sa gitna ng kaguluhan sa merkado  Balita ng Ethereum ng Bitcoin  Pangunahing puntos:  Ethereums price has encountered a downside correction, failing to clear the $1,975 resistance level.   As a result, there has been a decline below $1,950, similar to Bitcoin, and even below the $1,920 support level. The price eventually spiked below $1,900, reaching a low of $1,894, and is now consolidating losses. Currently, the price is near the 23.6% Fib retracement level of the recent decline from the $1,974 swing high to the $1,894 low.  Ether is now trading below $1,940 and the 100-hourly Simple Moving Average, indicating a bearish trend. On the hourly chart of ETH/USD, there is a key bearish trend line with resistance near $1,925. The immediate resistance level stands near the $1,925 level, which is the 100-hourly Simple Moving Average. The next major resistance level is at $1,945, which is close to the 61.8% Fib retracement level of the recent decline from the $1,974 swing high to the $1,894 low.  However, if theres a clear move above the $1,945 resistance level, the price could be pushed toward $1,975. This could be a significant milestone for Ether as the main resistance

2023-07-06Ethereum

The Unseen Gas Guzzlers: A Deep Dive into Rising Ethereum Gas Fees

Balita ng Ethereum ng Bitcoin  Ethereum, the world‘s second-largest cryptocurrency by market capitalization, has been experiencing a significant increase in gas fees. The reason behind this surge has been a mystery to many until recently, when a Twitter user named Cygaar [@0xCygaar] shed some light on the issue. Let’s take a look at this Ethereum Gas fee article in more detail.  Wondering why gas fees are high right now?  The top ETH gas guzzler is this contract where users make validators run useless/unnecessary code just to increase overall gas usage.  People are literally burning their money to increase gas fees for everyone else ????‍♂️.   — cygaar (@0xCygaar) Hulyo 5, 2023  According to Cygaar, the primary culprit behind the high gas fees is a specific contract where users are making validators run useless or unnecessary code. This action, in turn, increases the overall gas usage on the Ethereum network. The contract in question has been identified as the top ETH gas guzzler, contributing significantly to the high transaction fees.  Ethereum gas fees are the costs required to perform any operation on the Ethereum network. These operations can range from simple transactions, like sending Ether (ETH) from one address to another, to more complex interactions with smart contracts.  The

2023-07-06Ethereum

Much-Awaited IPO Stokes Thai Food Tycoon’s Appetite For Growth

Pananalapi  Inaabangang IPO Stokes Ang Gana ng Thai Food Tycoon Para sa Paglago  25 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Mag-subscribe sa Forbes Asia  Vasit Taepaisitphongse, CEO and president of Betagro.  Courtesy of Chaivat Taepaisitphongse  One of Thailand‘s most-awaited IPOs of 2022 was that of Betagro, an agri-food conglomerate controlled by Chaivat Taepaisitphongse. The November listing, the country’s second-biggest, raised $575 million and propelled the patriarch back into the ranks of Thailand‘s richest after a two-year gap. He’s at No. 30 with a net worth of $1.2 billion.  Betagro now has its sights set on becoming a leader in the global food industry. The company plans to pump some of the IPO proceeds into ramping up production and building more farms and factories in Thailand and overseas—in Laos, Cambodia and Myanmar. Betagro, which sells its products domestically and exports to more than 20 countries, will also introduce new products such as ready-to-eat meals. “Betagros strategy to expand into value-added products and in overseas markets will drive profit growth and allow it to sustain margins at high levels,” says Prasit Sujiravorakul, a Bangkok-based equity research analyst at Bualuang Securities.  Chaivat Taepaisitphongse.  Courtesy of Chaivat Taepaisitphongse  Betagros 2022 net profit surged almost eightfold year-on-year to 7.94 billion baht ($230 million) as

2023-07-06Industriya

Thailand Wealth Creation 2023: Take Off

Pananalapi  Thailand Wealth Creation 2023: Take Off  22 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Mag-subscribe sa Forbes Asia  While inflation and the war in Ukraine weighed on Thailand‘s post-pandemic momentum last year, tourism’s quickening recovery is set to fuel GDP growth in 2023. The countrys tourism ministry sees the number of international visitors nearly tripling to 30 million from a year ago, though arrivals will remain below 2019 levels. Following relatively subdued 2.6% growth in 2022, GDP is expected to expand 3.6% this year and 3.8% in 2024.  Tourism-led retail sales growth and a projected increase in Thailand‘s consumer spending are also seen improving the economic outlook. However, ballooning household debt, which reached 87% of GDP in the fourth quarter of 2022, remains a worry, with Thailand’s central bank signaling in February a need to bring debt levels down to below 80% to lower financial risk. Thailand has one of the highest household debt to GDP ratios in Asia (third after South Korea and Hong Kong), according to Bank for International Settlements data. In welcome news, inflation is expected to ease this year as food and energy prices stabilize following a sharp increase in living costs in 2022.  Political uncertainty after Thailand‘s recent general election—with

2023-07-06Industriya
1
...
393395
...
1000