New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

EthereumSinasalamin ng bagong tool ang Optimism NFTs sa Ethereum mainnet para magamit sa mga na-verify na app  11 / 11 / 2022  Balita ng Ethereum ng Bitcoin  Optimism developers jvmi and Kelvin Fichter pinalaya a new app called Magic Mirror on Nov. 9 that allows nonfungible token (NFT) holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet. NFT holders can now use their Optimism NFTs in a variety of verified apps, such as in Twitters profile badge system — where previously, only NFTs native to Ethereum layer 1 could be used.  Twitter introduced its NFT badge feature in January, allowing NFT holders to verify ownership of their art. Verified NFTs can be used as a profile picture on Twitter, where they are then denoted with a special hexagonal shape. Prior to Magic Mirrors release, holders of NFTs from other networks, like Optimism, Polygon, or Avalanche, did not have the ability to do this.  The company said that this new tool is an attempt to solve this problem, albeit only for holders of Optimism NFTs. Users can switch out the NFT that is inside each mirror anytime they want, rather than minting a new one each time. However, only one Optimism NFT can

2022-11-11Ethereum

Binance Publishes Details of Holdings in its Hot Wallet

TeknolohiyaBinance Publishes Details of Holdings in its Hot Wallet  11 / 10 / 2022  Balita ng Ethereum ng Bitcoin  The total number of its Bitcoin (BTC) holdings came in at 475,000, worth about $8.42 billion based on the current price of Bitcoin pegged at $17,744.28 per data from CoinMarketCap.  The exchange said it has a total of 4.8 million ETH, 17.6 billion USDT, 21.7 billion BUSD, 601 million USDC, and 58 million BNB. If aggregated together, the funds are worth more than $72 billion judging by the prices of all assets at the time of writing.  The figures posted send confidence into the Binance community with many attesting to the strong liquidity and solvency of the trading platform.  With the whole fiasco surrounding the rival trading firm, FTX, many exchanges have been placed on the edge as customers demand Proof-of-Reserve. Now that Binance has taken the lead, more exchanges may also follow suit as this seems to be the only thing that can pacify investors at this time.  The crypto ecosystem has passed through tumultuous seasons this year with the collapse of Terra (LUNA) initially sending top crypto lenders like Celsius Network and Voyager Digital to file for bankruptcy. The rout in the industry was very encompassing,

2022-11-11Industriya

Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October

BitcoinNakuha ang Bitcoin ng 10% Pagkatapos Ipakita ang Ulat na Mas Mabagal na Tumaas ang Mga Presyo ng Consumer sa US kaysa Inaasahang noong Oktubre  11 / 10 / 2022  Balita ng Ethereum ng Bitcoin  While bitcoin is having only a modest rally, equity futures are soaring on thoughts the inflation slowdown might mean the Fed’s tightening cycle could be over sooner than previously feared. Nasdaq futures are higher by just shy of 4% and SP 500 futures are ahead 3%. Bond markets are in rally mode as well, with the 10-year Treasury yield down a big 21 basis points to 3.93%. 

2022-11-11Industriya

Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs

BitcoinAng mga minero ng Bitcoin ay susunod na trigger para sa pagbagsak ng presyo ng BTC habang ang mga pag-agos ay pumalo sa matataas na multi-buwan  11 / 10 / 2022  Balita ng Ethereum ng Bitcoin  Bitcoin (BTC) miners could form the next BTC price “trigger,” research warns as withdrawals intensify.  In a Quicktake post for on-chain analytics platform CryptoQuant on Nov. 10, contributor MAC.D iminungkahi that miners could soon face “bankruptcy.”Research: Network conditions “will strangle” miners  After BTC/USD fell 20% in a matter of days, miners began operating at a higher cost than the block subsidy and transaction fees they earned.  The result is mining rigs being idled and miners selling BTC to cover expenses.  “BTC security is at an all-time high, but its mining volume is gradually decreasing. This will strangle the miners,” MAC.D explained.  He pointed to outflows from miner wallets passing 5,400 BTC for Nov. 9 alone, something which “can be interpreted as increased selling pressure.”  Pasulong, the situation could worsen should major mining firms end up selling stored BTC en masse as a way to pay obligations.  “There is already a lot of news that mining companies listed on NASDAQ cannot pay their debts. If they go bankrupt, there will be a situation where they

2022-11-11Industriya

Ipinahiram ng FTX ang mahigit kalahati ng mga pondo ng customer nito sa kaakibat na trading firm: WSJ

KabuhayanIpinahiram ng FTX ang mahigit kalahati ng mga pondo ng customer nito sa kaakibat na trading firm: WSJ  11 / 10 / 2022  Balita ng Ethereum ng Bitcoin  Ang Embattled crypto exchange FTX, na dating pangatlo sa pinakamalaking crypto exchange ayon sa dami ng kalakalan, ay iniulat na nagpahiram ng higit sa kalahati ng mga pondo ng customer nito sa kaakibat nitong trading firm na Alameda Research, na naglalantad ng higit pang mga panganib sa hindi gaanong kinokontrol na industriya.  Si Sam Bankman-Fried, ang punong ehekutibo ng FTX, ay iniulat na nagsabi sa isang mamumuhunan sa linggong ito na ang kumpanya ay nagpalawig ng mga pautang na humigit-kumulang $10 bilyon sa Alameda gamit ang mga pondo na idineposito ng mga customer sa exchange para sa pangangalakal, ayon sa isang artikulo sa Wall Street Journal pagbanggit sa isang hindi kilalang pinagmulan. Iyon ay umabot sa higit sa kalahati ng mga asset ng customer ng FTX na $16 bilyon, ayon sa ulat.  Ang mga kinatawan sa FTX ay hindi tumugon sa isang kahilingan na naghahanap ng komento para sa artikulong ito.  Ang palitan ay nakakita ng humigit-kumulang $5 bilyon sa mga withdrawal ng customer noong Linggo, nag-tweet si Bankman-Fried noong Huwebes.  Ang mga paghahayag nitong mga nakaraang araw tungkol

2022-11-11Industriya

Top Crypto Analyst Updates Outlook on Bitcoin and Solana, Says One Ethereum Rival Still Looking Strong

Bitcoin crypto EthereumTop Crypto Analyst Updates Outlook on Bitcoin and Solana, Says One Ethereum Rival Still Looking Strong  11 / 10 / 2022  Balita ng Ethereum ng Bitcoin  A widely followed analyst is laying out his forecast for Bitcoin (BTC) at dalawang Ethereum (ETH)-rivals as the crypto market goes deeper into the red territory.  Sa isang bagong video, si Jason Pizza nagsasabi his 279,000 YouTube subscribers that Bitcoin may see a recovery from the crypto exchange FTX-driven market crash if it breaches above $18,150.  The trader also warns that Solana (Sol) may slide further to $12.50 if it falls below $19.  Amid the worsening market conditions, Pizzino also says that Binance Coin (BNB) remains strong. 

2022-11-10Ethereum

Binance tops up SAFU fund at $1 billion amid price fluctuations

As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network.  In a tweet on Nov. 9, CZ said that the exchange has once again topped its Secure Asset Fund for Users (SAFU) at $1 billion equivalent in light of “recent price fluctuations.”  Upang mag-adjust sa kamakailang mga pagbabago sa presyo, #Binance ay nag-top up sa #SAFU pondo ng insurance sa $1 bilyong USD na katumbas muli.  BUSD AT BNB address tungkol sa 700m:  BTC address 300m:  Aninaw. 1/2  - CZ Binance (@cz_binance) Nobyembre 9, 2022  The tweet included links to two reserve accounts, one of which holds both the Binance stablecoin (BUSD) and the native token of the network BNB (BNB) with an equivalent worth of $700 million.  The other wallet revealed Bitcoin (BTC) holdings worth around $300 million.  Binances SAFU began in 2018 by allocating 10% of the trading fee into a fund that is solely dedicated to backing up user holdings in the case of an incident. In February of this year, the fund hit $1 billion for the first time.  The crypto community on Twitter responded to the tweet with mostly positive reactions, applauding CZ for his action. One user

2022-11-10Industriya

MicroStrategy stock tumbles, as bitcoin prices fall well below low watermark for carrying value in Q3

tumbled 14.4% toward a four-month low, in midday trading Wednesday, and has plunged 34.5% amid a three-day losing streak, as the software company-bitcoin play suffered from the recent plunge in bitcoin prices to a two-year low. The company, which makes enterprise analytics and mobility software, is also a bitcoin play since it acquires and holds the cryptocurrency as a treasury reserve. Bitcoin was down 9.1% in midday trading, and has lost 20.3% in three days, putting it on track for the first sub-$17,000 close since Nov. 16, 2020. MicroStrategy disclosed earlier this month that it held 130,000 bitcoins, with a carrying value of $1.99 billion. The carrying value is calculated using the lowest fair value of the bitcoins at any time since their acquisition. And in the conference call following third-quarter results reported on Nov. 1, the company said the “low watermark” for bitcoin was approximately $17,600, suggesting the company will have to record digital-asset impairment charges in the fourth quarter. MicroStrategys stock has sunk 43.2% over the past three months, while bitcoin has shed 27.2% and the SP 500

2022-11-10Bitcoin

Ethereum Price Down By 21%; Over $228 Million Liquidated

EthereumEthereum Price Down By 21%; Over $228 Million Liquidated  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum (ETH), the world’s second largest cryptocurrency is witnessing huge selling pressure due to increased doubt among traders. The dumping market situation has led to a massive drop in global market capitalization.Ethereum price sees massive liquidation  As per the data, Ethereum price has dropped by a massive 21% over the last 24 hours. ETH is trading at an average price of $1,230.6, at the press time. However, its 24 hour trading vol has surged by a whopping 130% to stand at $47.6 billion.  Data presented by Coinglass depicts that more than $228 million have been liquidated from Ethereum in the last 24 hours. Around $160 million has been liquidated on the long position. This represents 70% of all the positions set by the traders.  PeckShieldalert reported that $11.5 million worth of Ethereum is liquidatable at $1150. However, Okex registered the highest number of liquidations of $58 million in Ethereum.  Whale alert reported that a crypto whale has added $22.5 million worth of Ethereum to an unknown wallet. However, more than $107.2 million worth of ETH has been moved by the whales amid the price dip.Global crypto market under

2022-11-10Ethereum

Ethereum Becomes Deflationary While Price Dives – Trustnodes

EthereumNagiging Deflationary ang Ethereum Habang Nagbaba ang Presyo – Trustnodes  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum has fallen to its lowest since July with the crypto diving to $1,160 after it became clear that not all is well at FTX.  Rumors circulated last night the exchange had a $6 billion hole. As one might expect, rumors are now circulating Binance might back off any deal.  Considering the sensitivity of the matter Changpeng Zhao, Binance’s CEO, has pinagalitan his staff for this leakage, but the only real unknown now as far as the market is concerned is just how much is retail affected, and just how much of this $6 billion is more institutional investors.  That price diving comes with a silver lining for eth however as fees spike. The currency has now for the first time contracted in total supply by 842 eth.  That’s worth just $1 million, but prior to the merge 655,000 eth, worth $760 million, would have been added to the supply.  The current crypto price action therefore would have been a lot worse for eth without the Merge, making this an event quietly celebrated in some corners.  Yet, there isn’t much celebration. It’s the depth of bear with bitcoin hitting

2022-11-10Ethereum
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