Can Ethereum 2.0 Kill Layer 2 Projects?

Ethereum  Can Ethereum 2.0 Kill Layer 2 Projects?  01 / 11 / 2023  Balita ng Ethereum ng Bitcoin  Nilalaman  But what is Layer 2?  Is there risk in Layer 2 projects?  The arrival of Ethereum 2.0 is one of the great promises of the cryptocurrency market at the moment. Made many years ago, its commitment is to work hard to improve the network efficiency of the main altcoin on the market, thus impacting fees and the time it takes for a transaction to be carried out.  Although Ethereum (ETH) has migrated to the proof-of-stake (PoS) consensus model, its network has not yet shown significant improvements when it comes to scalability. Therefore, in addition to altcoin competitors, Layer 2 projects, such as Polygon (MATIC), for example, still draw a lot of attention.  Many investors end up choosing not to use a rival network to ETH, as they believe they are not as secure as that of the greatest smart contract platform. Investors who have been on the crypto market for a while have already noticed this — in a famous blockchain called Solana (SOL) that has had eight network outages since its launch in 2020, at the time of writing.  Therefore, in order not to have this headache and save on

2023-01-11Ethereum

Low Transaction Fees Promote Ethereum’s Gradual Rebound

Ethereum  Ang Mababang Bayarin sa Transaksyon ay Nagtataguyod ng Unti-unting Pag-rebound ng Ethereum  01 / 11 / 2023  Balita ng Ethereum ng Bitcoin  Low fees and ease of utility are behind the continued gradual recovery of Ethereum.  ETHs price recovery coincides with dropping average transaction fees.  Lower fees on Ethereum might attract more DApps to the platform and create demand for ETH.  Data from Santiment suggest that a recovery is on the way for Ethereum, albeit a gradual one. According to a post on Twitter, the all-time high (ATH) of $4,858 may be a far-off target, but fundamental factors are pointing in the right direction for the flagship altcoin.  ETH achieved an ATH of $4,858 on November 10, 2021. It dropped from this level partly due to the consequences of bloated fees. At the time, average transaction fees on the blockchain were over $60. As a result, several projects left Ethereum for other competing blockchains.  Santiment‘s report shows that there has been a significant crash in Ethereum’s transaction fees. From above $60 in 2021, it has fallen to below $2 as of the time of the report. It forms the basis for predicting an imminent recovery for the largest DApps development platform.  The ease of utility this promotes is why

2023-01-11Ethereum

USDC adoption on Ethereum grows post-FTX collapse; USDT remains flat

After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTXs bankruptcy dealt a massive blow to public trust in centralized crypto entities.  During this period of heightened market volatility, crypto investors preferred Circle‘s USD Coin (USDC) to Tether’s USDT. According to Glassnodes data, while USDT is the largest stablecoin by market cap, USDC has more transfer volume.  According to the data, USDC has a transfer volume of $15 billion, while USDTs volume is $3 billion. Cumulatively, USDC outpaces USDT by $7 trillion.  Pinagmulan: Glassnode  Meanwhile, the Glassnode chart below shows that the disparity in transfer volume was not always like this. USDT‘s volume outperformed that of USDC in 2020 and early 2021. But that changed in 2022 when the Circle-backed stablecoin’s volume started growing.  Pinagmulan: Glassnode  At the time, USDT began to face increased pagsusuri sa regulasyon about its reserves coupled with Terra‘s LUNA collapse, which birthed fears of whether the stablecoin wouldn’t lose its Dollar peg.  USDCs balance on exchanges reach $5 billion  In terms of exchange balances, Glassnode data shows that USDC is beginning to enjoy more adoption post-FTX collapse. According to the data, the USDC on exchanges is approaching $5 billion.  Previously, USDC‘s adoption in 2022 had declined thanks

2023-01-11Ethereum

Bearish Flags Flutter for Ethereum, Is it the Right Time to Plunge back Below $1250?

Ethereum  Ang mga Bearish Flags ay Kumaway para sa Ethereum, Ito na ba ang Tamang Oras para Bumaba pabalik sa ilalim ng $1250?  01 / 10 / 2023  Balita ng Ethereum ng Bitcoin  The Ethereum price hovered around the liquidity zone below $1220 for quite a long time and quickly dropped heavily below $1200 to mark the bottom. However, at the beginning of the year 2023, the price inflated significantly and soared high to mark the yearly high of $1344 within just a couple of days. Meanwhile, the bears have dragged the levels lower which appears to get intensified in the coming days.  It is worth noting that the trading volumes have dropped considerably and moreover, the bullish volume has slashed largely. Additionally, the deliverances for trend reversals have already formed. Therefore, even if the ETH price bounces back to the interim resistance may face a strong rejection that may drag the price lower below $1280 initially.  Tingnan ang Trading  With the first leg down, the ETH price may drop notably to test the immediate support levels at $1284. If the bulls fail to hold at this level then the plunge may get intensified and reach below $1250 and maintain a horizontal trend for a while. Further,

2023-01-10Ethereum

Bullish Signal Flashing for Two of Ethereum’s Biggest Rivals, Says Crypto Insights Firm

crypto Ethereum  Bullish Signal Flashing for Two of Ethereums Biggest Rivals, Says Crypto Insights Firm  01 / 10 / 2023  Balita ng Ethereum ng Bitcoin  A leading analytics firm says that crypto trader sentiment surrounding Cardano (ADA) at Binance Coin (BNB) suggests that both assets could be poised for rallies.  Santiment notes that the crypto community has a bearish sentiment regarding both Ethereum (ETH) competitors, compared to a bullish crowd outlook on ETH and payments network XRP.  ADA is trading at $0.311 at time of writing. The eighth-ranked crypto asset by market cap is down more than 6% in the past 24 hours.  BNB is changing hands at $272.49 at time of writing. The fourth-ranked crypto asset by market cap is down over 2% in the past day.  Santiment says the altcoin price rallies that happened over the weekend went against crowd expectations, which the firm says is a common occurrence.  Santiment also notes that crypto trading volume has hit its lowest level in over two years.

2023-01-10Ethereum

Liquid Staking Platforms Surging Ahead of Ethereum Shanghai Upgrade

Ethereum  Liquid Staking Platforms Surging Ahead of Ethereum Shanghai Upgrade  01 / 09 / 2023  Balita ng Ethereum ng Bitcoin  Cryptos newest narrative is liquid staking, as platforms and tokens have been taking off recently.  Ethereum will go through the Pag-upgrade ng Shanghai in March, which releases ETH staked on the Beacon Chain. Industry analysts believe this will be good news for liquid staking protocols as they offer better incentives and yields. As opposed to direct staking, they provide a more flexible way to stake and earn without having to lock up the collateral.  Liquid Staking Surging  “Accessibility, immovability, and illiquidity are the top drawbacks of crypto staking,” the analyst added. Liquid staking platforms provide a staking token that can also be used in other DeFi protocols to generate additional yields.  Lido is the industrys leading staking platform, with 4.8 million ETH staked, representing 30% of the total amount.  Its governance token, LDO, has been on fire in recent weeks, gaining a whopping 57% over the past seven days. Other staking platform tokens, such as StakeWise (SWISE), have also performed well.  The amount staked on platforms such as Lido, Rocket Pool, StakeWise, and Frax has also been steadily increasing as this new narrative gains momentum.  Unlike Lido, Rocket Pool is permissionless

2023-01-10Ethereum

Profanity hacker transfers 2.5m DAI and 421 ETH after three months of inactivity

Ethereum  Inilipat ng hacker ng kalapastanganan ang 2.5m DAI at 421 ETH pagkatapos ng tatlong buwang hindi aktibo  01 / 09 / 2023  Balita ng Ethereum ng Bitcoin  The wallet of the hacker labeled as the Profanity exploiter has transferred 2.5m DAI and 421 ETH to 0xc53 months after remaining dormant for three months.  The hacker got away with $950,000 worth of Ethereum (ETH) on Sept.25.  A costly vulnerability  According to CertiKAlert notification on the wallet, DAI has been swapped for ETH, with funds inilipat to 0x3d9. Notably, the event was the first time the Profanity exploiter has been active since September.  Ayon sa isang mas maaga ulat by PeckShield, the hacker stole over 700 ethereum and mixed it with other cryptocurrencies Tornado Cash. The funds then successfully went to the attackers private wallet.  The hacker was successful because of a vulnerability in the vanity address generators discovered in January 2022 on GitHub. Details about the security issues with Profanity lumitaw in September after 1inch, a decentralized exchange, discovered the issue.  1inch noted that the vulnerability could allow an attacker to access a users private wallet and steal their vanity addresses. This method requires a lot of computing power to perform successfully.  Defi exploits show no signs of slowing down  Ayon sa

2023-01-10Ethereum

XRP and Ethereum (ETH) Communities Are Euphoric, Data Shows

While communities behind those two assets are euphoric, Bitcoin and other cryptocurrencies will have to go through another depression cycle  虽然这两种资产背后的社区欣喜若狂,但比特币和其他加密货币将不得不经历另一个萧条周期  Ayon sa datos na ibinahagi ni Santiment, both XRP and ETH communities are looking forward to positive price performance of their favorite assets in the foreseeable future. Unfortunately, the other side of the market does not feel so reassuring.  在 santiment sa datos na ibinahagi ni santiment,xrp 和 eth 社区都期待在可预见的未来他们最喜欢的资产的积极价格表现。遗憾的是,市场的另一面并不那么让人放心。  As the on-chain data provider suggests, the movement of assets on the market at this point in time is mostly independent, which leads to a disbalance in the overall sentiment. Whenever the cryptocurrency market community is shattered, the general momentum in the industry disappears, making an industry-wide recovery impossible.  正如链上数据提供商所暗示的那样,此时市场上资产的流动大多是独立的,这导致了整体情绪的失衡。每当加密货币市场社区崩溃时,该行业的总体势头就会消失,从而使整个行业的复苏变得不可能。  ???? With #crypto market caps bouncing very much in independent directions, were seeing notably euphoric crowd sentiment on $ XRP & $ ETH. Traders are less interested in $ BTC, $ BNB, & $ ADA. Kasaysayan, #mababa sentiment projects perform better on average.  ???? 随着#crypto 市值在独立方向上大幅反弹,我们看到人们对 xrp 和 eth 的情绪特别高涨。交易者对 $ btc、$ bnb 和 $ ada 不太感兴趣。 kasaysayan,#mababa 情绪项目平均表现更好。 https://t.co/bu3eilpyty pic.twitter.com/fqyreiwjua  - Santiment (@santimentfeed) Enero 8, 2023  - santiment (@santimentfeed) enero 8, 2023  The euphoric crowd sentiment on XRP and Ethereum could be the result of short-term performance of

2023-01-09Ethereum

Itigil ng Nigeria ang Pag-withdraw ng Cash Mula sa Mga Account ng Gobyerno – Economics Bitcoin News

Mula sa simula ng Marso, ang mga pampublikong opisyal ng Nigerian ay pagbabawalan na mag-withdraw ng pera mula sa mga bank account ng gobyerno, ang pinuno ng Nigerian Financial Intelligence Unit ay iniulat na sinabi. Ang mga pampublikong opisyal na gustong ma-exempt sa bagong regulasyong ito ay kailangang kumuha ng waiver mula sa Nigerian Presidency.   据报道,尼日利亚金融情报部门负责人表示,从 3 月初开始,尼日利亚公职人员将被禁止从政府银行账户中提取资金。希望免除这项新规定的公职人员需要获得尼日利亚总统的豁免。  Mga Manggagawa ng Pamahalaan na Mahina sa Money Laundering  易受洗钱影响的政府雇员  Ang mga manggagawa sa gobyerno ng Nigerian ay pagbabawalan na kumuha ng pera mula sa mga account ng gobyerno simula sa Marso 1, sinabi ni Modibbo R. Hamman Tukur, ang pinuno ng Nigerian Financial Intelligence Unit (NFIU). Ang bagong panuntunan, na iniulat na nalalapat sa mga opisyal ng pederal, lokal at estado, ay naglalayong harapin ang mataas na antas ng katiwalian at money laundering sa gobyerno.  尼日利亚金融情报部门 (nfiu) 负责人 modibbo r. hamman tukur 表示,从 3 月 1 日起,尼日利亚政府工作人员将被禁止从政府账户中提取资金。据报道,这项新规定适用于联邦、地方和州官员,旨在解决政府中严重的腐败和洗钱问题。  Bilang karagdagan, isang Reuters Sinabi ng ulat na ang bagong panuntunan ay kasabay ng layunin ng pamahalaan ng Nigerian na makamit ang isang cashless na ekonomiya. Sinipi din ng ulat si Tukur na nagpapaliwanag ng mga dahilan sa likod ng desisyong ito. Sinabi niya:  此外,路透社报道称,新规定与尼日利亚政府实现无现金经济的目标不谋而合。报道还援引图库尔的话解释了这一决定背后的原因。他说:  Ang mga lingkod-bayan ay lalong nagiging bulnerable sa money laundering at sa mga predicate offense nito

2023-01-09Bitcoin

Sentiment among Bitcoin and Ethereum options traders flips bullish

Bitcoin Ethereum  Ang sentimento sa mga Bitcoin at Ethereum na mga opsyon na mangangalakal ay bumabalik sa bullish  01 / 08 / 2023  Balita ng Ethereum ng Bitcoin  Ang data ng Glassnode ay sinuri ng showed significantly greater open interest calls for Bitcoin and Ethereum.  Calls and puts refer to the buying and selling, respectively, of options. These derivative products give holders the right, but not the obligation, to buy or sell the underlying asset at some future point for a predetermined price.  This predetermined price is also called the strike price; in conjunction with the spot price, it determines the options “moneyness.”  Calls, where the strike price is lower than the spot price, are “in the money,” as traders can buy the option for less than the market price and sell immediately. Similarly, puts where the strike price is higher than the spot price are “in the money,” as traders can sell the option above the market price.  Being “out of the money” occurs when calls have a strike price above the market price or puts have a strike price lower than the market price.  The spread of calls and puts across different strike prices gives a general gauge of market sentiment while also giving information on traders

2023-01-09Ethereum
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