Pinakabagong Balita sa Crypto at Market Updates

Ethereum Co-Founder Says There Is A Risk Of A Delay With The Merge - BitcoinEthereumNews.com

EthereumSinabi ng Co-Founder ng Ethereum na May Risk of A Delay Sa Pagsamahin05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　Vitalik Buterins recent statements have given rise to speculations that the much-awaited Merge update could be delayed even further. 　　Vitalik Talks “Risk Of Delays”　　Ethereum‘s transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, commonly referred to as The Merge, has already been plagued by multiple delays. Co-founder Vitalik Buterin’s comments at a recent event could indicate that the community might have to wait for longer than expected.　　He commented on the status of The Merge when he spoke at the ETH Shanghai Web 3.0 Developer Summit. Although he mentions that the team is planing to implement it in August, he also touches on the possibility of delays.　　“This will be a major test, larger than any of the tests that we have done before, Taking a large existing test network with many applications with proof-of-work, moving into proof-of-stake…If there are no problems then the merge will happen in August. But of course, there‘s always a risk of problems. There’s also a risk of delays. And so September is possible and October is possible as well.”　　Kinukumpirma ng Core Developer ang Deadline

2022-05-24Ethereum

Ethereum Merge Might Happen in August as Testing Enters Final Round

Speaking at the Permissionless 2022 Conference in Florida, the U.S., Ethereum Researcher Justin Drake disclosed that the merge of Ethereum (ETH) might happen in August.　　Market insight provider Bankless pointed out. He noted:　　“Strong desire to make this happen before difficulty bomb in August. Stars are aligned.”　　Meanwhile, Ethereum core developer Preston Van Loon shared similar sentiments that testing was in the final stages and said:　　“As far as we know, if everything goes to plan, August—it just makes sense. If we dont have to move, lets do it as soon as we can.”　　The merge, which will transition the current proof-of-work (PoS) consensus mechanism to a proof-of-stake (PoS), has been elusive because it was slated for June.　　Previously, Ethereum lead developer Tim Beiko revealed that the shift would not happen in June as planned. He pointed out:　　“It wont be June, but likely in the few months after. No firm date yet, but were definitely in the final chapter of PoW on Ethereum.”　　The merge is estimated to be the biggest software upgrade in the Ethereum ecosystem because the PoS algorithm will allow the confirmation of blocks in a more energy-efficient way. After all, it requires validators to stake Ether instead of solving a cryptographic puzzle. 　　Validators

2022-05-23Malalim na Pagsisid

Crypto Market Crash Leaves Investors Counting Losses

Over the previous two years, a boom in crypto prices minted a generation of millionaires and billionaires. Some industry executives and even regular investors acquired extraordinary wealth out of cryptocurrency trading.　　But of late, the crypto market has crashed. Last week, central bank interest rates tightening reports, inflation concerns, and the collapse of the algorithmic stablecoin TerraUSD and its LUNA token, helped ignite a wider meltdown, plunging Bitcoin price and wiping $300 billion in value from the wider crypto economy. The recent crypto market crisis has not only hurt investors but also erased billions of dollars from their fortunes.　　Lost opportunities　　Vitalik Buterin, co-founder of Ethereum, is one of the heavyweight investors who faced the wrath. After Ethereums price surpassed $3,000 and hit a high of over $4,800 in November last year, Vitalik possessed a digital wallet whose ETH contents were valued at about $1.5 billion.　　But on Friday last week, Buterin revealed on social media that he is no longer a billionaire. Due to the ongoing market sell-off, Ether has lost 60 % of its value, trading at around $2,028 during the intraday on Monday Asia section, according to Coinmarketcap.　　Changpeng Zhao, founder of Binance - the worlds largest crypto exchange - also has

2022-05-23Malalim na Pagsisid

LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says

The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ).　　Sharing his insights on the Binance website, CZ noted:　　“The Terra team was slow in using their reserves to restore the peg. The entire incident may have been avoided if they had used their reserves when the de-peg was at 5%. After the value of the coins had already crashed by 99% (or $80 billion), they tried to use $3 billion to do the rescue. Of course, this didnt work.”　　Things started going wrong when the price of the algorithmic UST stablecoin experienced a free fall to the extent that it hit lows of $0.225 from its $1 peg.　　Later on, LUNA sent shockwaves to the crypto market because it nearly lost 100% of its value overnight after reaching the near-zero level. 　　CZ also opined that the rain started beating the Terra network after more LUNA was minted in an attempt to salvage the situation. He pointed out:　　“Printing money does not create value; it just dilutes existing holders. Exponentially minting LUNA made the problem a lot worse.”　　The other

2022-05-23Malalim na Pagsisid

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

Do Kwons scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times. 　　This comes a day after LUNA and UST investors filed a legal complaint against Do Kwon and Daniel Shin, the co-founders of Terraform Labs. LUNA and UST are the native tokens of the Terra network developed by South Korean fintech company Terraform Labs.　　Having wiped out at least $38 billion of investors money in a week, prosecutors in South Korea are delving deeper into the Terra crash. For instance, the Seoul Southern District Prosecutors Office that is leading the case intends to seek the services of an investigation team based on lodged complaints and various factual backgrounds.　　Per the announcement:　　“Prosecutors in charge of the case are looking into whether they can make a Ponzi scheme case against ”Anchor Protocol,“ under which depositors of TerraUSD are guaranteed a 20 percent annual return.”　　Financial authorities believe 280,000 South Korean investors hold approximately 70 billion LUNA coins, even though the exact amount remains unknown. 　　Earlier this week, relevant governmental agencies beefed up crypto exchange inspections to try and unravel what transpired during the crash.　　Did Do Kwon dissolve Terraform

2022-05-23Malalim na Pagsisid

Top Analyst Predicts Relief Rallies in Bitcoin (BTC), Ethereum (ETH) and One More Large-Cap Altcoin - BitcoinEthereumNews.com

Bitcoin crypto EthereumAng Nangungunang Analyst ay Hinulaan ang mga Relief Rallies sa Bitcoin (BTC), Ethereum (ETH) at Isa pang Large-Cap Altcoin05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset.　　The pseudonymous analyst known as Kaleo nagsasabi his 509,000 Twitter followers that Bitcoin is currently being greatly affected by sell-pressure in the equities markets.　　Kaleo sabi ni that he expects Bitcoin to continue trading sideways before shooting out of its range to about the $38,000 level, roughly a 20% rally from current prices.　　“Doesnt look nearly as crazy anymore as it did at $29,000.”　　Source: Kaleo / Twitter　　Sa oras ng pagsulat, Bitcoin ay nagbabago ng kamay sa $30,550.　　Kaleo also sees Ethereum embarking on a relief rally in the coming weeks and reveals his price target for ETH as well. According to the crypto analyst, he believes ETH is poised to pull off a 26% rally in the short term.　　“$2,600 ETH makes sense.”　　Source: Kaleo / Twitter　　ETH ay kasalukuyang nakikipagkalakalan sa $2,057.　　The veteran crypto trader also has his radar on Binance Coin (BNB), the utility token that

2022-05-23Ethereum

Martin Shkreli: DeFi is the future of finance - BitcoinEthereumNews.com

TeknolohiyaMartin Shkreli: Ang DeFi ang kinabukasan ng pananalapi05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　Martin Shkreli, the former manager of three hedge funds who went to prison for fraud, spoke in enthusiastic terms about DeFi and Uniswap in particular.　　Martin ShkreliMartin Shkrelis optimistic view on DeFi　　Martin Shkreli, the former founder and CEO of MSMB Management, Retropin and Turing Pharmaceuticals, who became famous for managing to raise the price of a life-saving drug by 5,000%, was released from prison and transferred to community confinement on Wednesday. The manager had been convicted of fraud and sentenced to seven years in prison in 2018.　　Upon his release from prison, Shkreli spoke about cryptocurrencies and DeFi, saying he was certain that very soon some crypto reality could replace some of the biggest banking giants.　　Shkreli said he is absolutely optimistic about where DeFi is headed and its future role in finance, revealing that he has used the technology in the past, speaking in particular of the most prominent exchange in the Ethereum ecosystem:　　“Uniswap is really cool. I started using Uniswap in prison”.　　The former fund manager also stated that Bitcoins dominance is likely to diminish mainly at the expense of Ethereum and other blockchains such as Solana

2022-05-23Industriya

Chinese-based BSN to Launch First International Expansion in August: CNBC - BitcoinEthereumNews.com

TeknolohiyaAng BSN na nakabase sa China ay Maglulunsad ng Unang International Expansion sa Agosto: CNBC05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　Chinese state-backed blockchain company Blockchain-based Service Network (BSN) is reportedly to launch an international project within serval months, according to CNBC, citing people with the matter.　　The project for the expansion will be named“ BSN Spartan Network”, which is expected to begin in August, according to a CNBC report, citing Hong Kong-based startup Red Date Technologys CEO Yifan He, one of the founding members of the BSN.　　The official website introduces the BSN as a “one-stop-shop” for DApp developers to deploy and manage any permissions or permissionless blockchain applications. They are aiming to help businesses adopt this top-notch technology by conecting with various blockchains.　　According to a report, the Spartan Network will “eventually be made up of half a dozen public blockchains that do not operate with cryptocurrencies.” One of those will be a non-crypto version of the Ethereum blockchain when the project is ready to launch.　　Yet, no official anouncement can be confirmed at the time of writing.　　The BSN is co-founded by the State Information Center (SIC), which sits under Chinas powerful National Development and Reform Commission (NDRC), and China Mobile,

2022-05-23Industriya

Nakompromiso ng mga hacker ang Twitter ni Beeple para mag-post ng Louis Vuitton phishing link - BitcoinEthereumNews.com

KabuhayanKinokompromiso ng mga hacker ang Twitter ng Beeple upang mag-post ng link ng phishing ng Louis Vuitton05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　Ang merkado ng cryptocurrency ay nakakita ng maraming mga scam sa mga kamakailang panahon. Sa mga nagdaang panahon, ang merkado ng cryptocurrency ay nakakita ng pagtaas sa mga scam. Ang pinakabagong scam na tumama sa espasyo ay ang Twitter account ni Beeple na na-hack para mag-post ng mapanlinlang na link. Ang mga ito ay sa anyo ng mga pag-atake sa phishing, mga Ponzi scheme, at mga pekeng ICO. Mukhang tinatarget ng mga masasamang aktor sa merkado ang mga indibidwal at kumpanyang may mataas na profile sa pagtatangkang makakuha ng access sa mga pondo ng mga tao.　　Nakompromiso ang Beeple account　　Ang balita ay na-headline habang inihayag ni Mike Winkelman sa pamamagitan ng a tweet na na-hack ang kanyang Twitter account. Sinabi ng tweet:　　“Na-hack lang ang Twitter account ko at ginamit para mag-post ng link ng scam. Nakikipagtulungan ako sa Twitter upang malutas ito. Mangyaring huwag mag-click sa link!” Gayunpaman, nauna si Beeple sa ipahayag na nakuha na nila ang account at sila ang may kontrol sa account.　　⚠️ Nakompromiso (ATO) ang Twitter account ni Beeple para mag-post ng phishing

2022-05-23Industriya

Bitcoin Reclaims $30K, LUNA Recover 12% - BitcoinEthereumNews.com

BitcoinBitcoin Reclaims $30K, LUNA Recover 12%05 / 23 / 2022Balita ng Ethereum ng Bitcoin　　Kasunod ng medyo kalmado na katapusan ng linggo, ang bitcoin sa wakas ay nagpasimula ng isang kahanga-hangang paa at tumalon sa itaas ng $30,000. Karamihan sa mga altcoin ay mahusay din sa berde, na ang ETH ay nakatayo sa hilaga ng $2,000 at ang BNB ay nag-chart ng bagong dalawang linggong mataas.　　Kinukuha ng Bitcoin ang $ 30K　　Ang nakaraang pitong araw ay hindi gaanong pabagu-bago kaysa sa nakaraang linggo, kung saan ang BTC ay nagtapon ng $15,000 sa isang punto. Sa nakalipas na linggo o higit pa, ang asset ay nanatili pangunahin sa paligid ng $30,000 na marka, na may ilang mga pagtatangka upang mapagpasyang mapagtagumpayan ang antas na iyon ngunit may maliit na tagumpay.　　Ang pinakamahalagang leg up ay dumating noong Mayo 16 nang ang BTC ay tumaas nang higit sa $31,000 ngunit mabilis na napahinto sa mga track nito at muling nasubaybayan ng higit sa $2,000 sa mga oras.　　Ang senaryo na ito ay naulit ng ilang beses, kasama ang pinakabago noong Biyernes – pagkatapos ng pagtanggi na iyon, ang bitcoin ay bumagsak sa ibaba $29,000. Ginugol ng cryptocurrency ang katapusan ng linggo kalakalan karamihan patagilid at nabigong

2022-05-23Industriya

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