Chainlinks Market Cap Soars 143% As Whale Accumulates $50 Mln LINK, Whats Next?

Chainlink has shown a huge uptrend recently after the Staking v0.2 upgrade. Flashing light on recent developments, Swell Network has integrated Chainlink CCIP for faster transactions. As soon as the announcement was shared, whales started accumulating LINK and in response to that Chainlink (LINK) price gained 8% in just two days.  Chainlink (LINK) Top Whales Added $50 Mln  Pinagmulan: Santiment  Onchain data analysis platform Santiment shows that over the past five weeks, the 200 largest wallets have strategically added a staggering $50 million worth of LINK to their holdings.  Chainlink‘s market capitalization has experienced an impressive overall growth of 143% in just five months. What’s even more noteworthy is its exceptional performance compared to Bitcoin, with a remarkable uptick of 93%. With this, Chainlink is now ahead of all other altcoins that have experienced whale accumulation.  If we go in-depth, this massive market movement could be attributed to the recent shift from Staking v0.1 to v0.2. According to the announcement, the Staking v0.1 pool became inactive on November 28, 2023, and is no longer emitting rewards or securing Chainlink services. The LINK holders who participated in v0.1 have to migrate their tokens to staking v0.2 according to the staking program.  The v0.2 community pool has been

2023-12-03Industriya

President Nayib Bukele, Who Legalized Bitcoin in El Salvador, Resigns from Office

Balita ng Ethereum ng Bitcoin  El Salvadors President Nayib Bukele, who supported the law recognizing Bitcoin (BTC) as legal tender, has resigned from his position.  Héctor Silva, who is running for mayor of San Salvador, said, ‘The current democratic situation in El Salvador is that we have an unelected person as the Republic President.’  The Salvadoran government campaigned to legalize Bitcoin in September 2021 and advocated for the development of a ‘Bitcoin City’ supported by a volcano in the country.  El Salvador President Nayib Bukele submitted his resignation and left the presidency: What are Bukeles future plans?  El Salvador President Resigns  El Salvadors President Nayib Bukele, who supported the law recognizing Bitcoin (BTC) as legal tender, has resigned from his position. After receiving approval from the Legislative Assembly of El Salvador, Bukele resigned from the presidency on December 1.  This move allows him to focus on the reelection campaign in 2024. Claudia Rodríguez de Guevara has become the interim president and is expected to hold this position until June 2024. After that, general elections are scheduled for February 2024.  Héctor Silva, who is running for mayor of San Salvador, said, ‘The current democratic situation in El Salvador is that we have an unelected person as the Republic President.’

2023-12-03Bitcoin

Nagbabanta ang hukom na parusahan ang SEC sa mga nakapanliligaw na pahayag sa kaso ng crypto

U.S. District Judge Robert Shelby issued a stern warning to Securities and Exchange Commission (SEC) attorneys regarding possible sanctions for “misleading” court proceedings in a lawsuit against the cryptocurrency firm Debt Box, according to court filings.  The SEC secured a temporary restraining order against Debt Box via statements that were later proven to be false.  Judge Shelby, presiding over the case in the Utah District Court, expressed concerns about the SEC‘s representation of Debt Box’s activities and ordered the watchdog to provide an explanation to the court in the coming days.  SEC vs. Debt Box  The SEC had accused the firm of illicitly transferring assets and investors‘ funds overseas and used that statement to secure an initial freeze of Debt Box’s bank accounts as part of its case against the firm.  However, these claims were subsequently found to be exaggerated, prompting the judge to consider sanctions against the SEC attorneys for their role in presenting these misleading arguments.  As defined by the U.S. legal framework, sanctions typically involve monetary fines and are imposed on parties that knowingly submit false statements or violate court procedures. This measure comes in light of Debt Box proving that it did not move funds outside the U.S. or close its bank

2023-12-03Industriya

Nakagugulat na Data na Naobserbahan sa Sukatan na Pagsusuri sa Pangmatagalang Gawi ng Investor sa Bitcoin!

Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) is a metric that measures the profitability of long-term holders of a crypto asset.  According to COINOTAG, on November 30, LTH-SOPR dropped to 0.96. It later bounced back above the zero line and currently stands at 1.61.  According to the analyst, a continuous decline in the SOPR of two investor classes often leads to a decline in BTCang presyo.  A metric reflecting the behavior of long-term investors in Bitcoin recorded interesting data recently.  Long-Term Bitcoin Holders Selling  The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) of Bitcoin recently fell below 1. This indicates that this group of investors sold their assets at a loss for a short period. The Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) is a metric that measures the profitability of long-term holders of a crypto asset.  It provides insights into whether investors holding an asset for more than twelve months are in a profitable position. When this metric returns a value above 1, it indicates that BTC long-term holders, on average, are selling their assets with a profit. Conversely, when it falls below 1, it indicates that these holders are selling at a loss.  According to COINOTAGs findings, on November 30, LTH-SOPR dropped to 0.96. It

2023-12-03Industriya

Hinahangad ni Madeira na palakasin ang ekonomiya gamit ang mga startup, makabagong sistema ng pagbabayad

An archipelago in the middle of the Atlantic is seeking startups and tech talents to boost its economic growth. Web3 entrepreneurs are flocking to this region.  Portugals Madeira archipelago has been praised for its natural beauty, but an aging population and pressing need for a more diversified economy prompted its local government to explore emerging technologies, such as blockchain.  According to Rogerio Gouveia, finance secretary of the regional government of Madeira, emerging-technology companies make up nearly 30% of businesses in Madeiras free trade zone, a special economic area that offers tax benefits to companies, including one of the lowest corporate tax rates in the European Union and capital gains tax exemption for eligible firms.  “For companies aiming to establish a presence in the region, the foremost tax incentive is found in the Madeira free zone or the International Business Center. This area offers a preferential tax regime, capping the corporate tax rate at a competitive maximum of 5%. Its important to note that this is not an offshore haven. This regime operates within a structured set of regulations and undergoes rigorous audits by both national tax authorities and the European Commission,” Gouveia told Cointelegraph during the Madeira Blockchain conference.  One of the companies behind

2023-12-03Industriya

Ethereum L2 Starknet Unveils Epic Airdrop, But Theres a Catch

Balita ng Ethereum ng Bitcoin  Larawan ng pabalat sa pamamagitan ng www.freepik.com  Disclaimer: Ang mga opinyon na ipinahayag ng aming mga manunulat ay kanilang sarili at hindi kumakatawan sa mga pananaw ng U.Today. Ang impormasyon sa pananalapi at merkado na ibinigay sa U.Today ay inilaan para sa mga layuning pang-impormasyon lamang. Ang U.Today ay hindi mananagot para sa anumang pagkalugi sa pananalapi na natamo habang nangangalakal ng mga cryptocurrencies. Magsagawa ng iyong sariling pananaliksik sa pamamagitan ng pakikipag-ugnayan sa mga eksperto sa pananalapi bago gumawa ng anumang mga desisyon sa pamumuhunan. Naniniwala kami na ang lahat ng nilalaman ay tumpak sa petsa ng paglalathala, ngunit maaaring hindi na available ang ilang partikular na alok na binanggit.  Ethereum-based Layer-2 scaling protocol Starknet has sparked a frenzy in the community after confirming the long-speculated prospects of an airdrop. Taking to its official X account, the Starknet Foundation sinabi it is making plans to distribute its native token, “STRK” to some of its community members on the condition that they must have contributed at one point or the other to its overall development.  While the Starknet Foundation announcement resounded through the community, it had to sound a note of warning to enable community members to manage their

2023-12-03Ethereum

Elon Musk | FTX Fine: Ang Tagalikha ng Dogecoin na sina Billy Markus At Elon Musk ay Nag-react Sa IRS $24 Bln Fine Sa FTX

Internal Revenue Service (IRS) has imposed a $24 billion fine on the defunct crypto exchange FTX as the government is unable to provide any estimated figures of the fraud.  On November 30, the IRS filed tax allegations that had gone “unexplained” for months. The IRS then threatened to stall the Debtors progress and any disbursement to consumers and other creditors indefinitely, according to FTX in court.  Billy Markus And Elon Musks Reaction on IRS FTX Fine  Reacting to the whopping amount of tax due, Dogecoin creator Billy Markus has taken a dig into the IRS. In an X post, pointing towards IRS Billy stated that collecting taxes may take precedence over paying victims of frauds.  Additionally, Billy emphasized the apparent mismatch in priorities, implying that the system prioritizes getting the governments part over reimbursing those who have incurred financial losses as a result of fraud.  Along with Billy, SpaceX CEO Elon Musk also showed his curiosity about the case. Musk who‘s also a dogecoin proponent has commented “Wow” on the same post. Although it’s just a mere reaction, the comment is evident that the fine has gathered so many eyes.  Many X users along with the victims of the FTX collapse have commented on the post.

2023-12-03Industriya

Inamin ni Buffett ang Mga Hamon sa Teknolohiya, Lumalago sa AI Investments

In a notable departure from his historical aversion to technology stocks, Warren Buffett, the renowned CEO of Berkshire Hathaway, has strategically invested in companies at the forefront of artificial intelligence (AI). Despite his previous assertions about the complexity of technology, Buffett has accumulated substantial stakes in prominent AI players, signaling a shift in his investment strategy.  Apple: A core holding in the AI revolution  At the heart of Berkshire‘s foray into AI is its substantial holding in Apple, a company that has seamlessly integrated AI into its product ecosystem. With over 915 million shares valued at approximately $174 billion, Apple represents one of Berkshire’s most significant AI investments. Apple‘s commitment to AI is evident through innovations such as Siri, Face ID, and the Apple Neural Engine, which power various features on its devices. CEO Tim Cook has emphasized AI and machine learning as integral to Apple’s product development, reflecting the companys dedication to advancing in this transformative field.  Amazon: Riding the AI wave  While Buffett may not have initiated Berkshire‘s stake in Amazon, the conglomerate holds a substantial position, with 10 million shares valued at nearly $1.47 billion. Amazon, a pioneer in AI, has leveraged the technology across its operations, from recommendation algorithms to

2023-12-03Industriya

Hashdex Updates Spot Bitcoin ETF Application at Muling Nagsusumite sa SEC!

Balita ng Ethereum ng Bitcoin  Cryptocurrency asset management company Hashdex has submitted an updated Bitcoin futures ETF application to the U.S. Securities and Exchange Commission (SEC).  The ETF will now come under Tidal Financial Group due to the merger of Teucrium Trust and Tidal Trust in October.  The SEC will likely approve Americas first spot Bitcoin ETF between January 5-10, 2024.  Cryptocurrency asset management company Hashdex has resubmitted its spot Bitcoin ETF application by updating the file to the SEC: here are the details!  Hashdex Updates Spot Bitcoin ETF Application  Cryptocurrency asset management company Hashdex has submitted an updated Bitcoin futures ETF application to the U.S. Securities and Exchange Commission (SEC). Meanwhile, with the SEC publishing the applications of Franklin Templeton and Hashdex in the Federal Register, a window has opened in early January indicating the potential approval of the spot Bitcoin ETF.  Hashdex made an addition to the 19b-4 files, proposing changes for the Bitcoin futures ETF, which can be understood from a filing made by NYSE Arca to the U.S. Securities and Exchange Commission (SEC).  Bloomberg ETF analyst James Seyffart mentioned that the update is a “proposal to make some representation changes that were made in the previous proposal filed with the U.S. Securities and Exchange

2023-12-03Industriya

Karamihan sa mga Pipeline ay Papalitan ng HVDC Ngunit ang Rest ay Kukuryente

The era of moving molecules for energy is coming to an end as we electrify everything everywhere all at once. Moving electrons is more efficient and lower impact. Pipelines are steel tubes that mostly move molecules of liquid or gas for energy. And they currently mostly burn molecules to move the liquids and gases. Whats going to happen to them?  The USA has over five million kilometers of pipelines of varying sizes and contents. Virtually all of them are moving crude oil, refined products made from crude oil like gasoline and diesel or natural gas aka high global warming potential methane.  This isn‘t unusual globally. The unlamented by most Nord Stream 1 & 2 pipelines that ran under the Baltic Sea between Russia and Germany and were blown up by, most likely, Russia during the invasion of Ukraine are part of the global mix. The Baltic Pipe between Norway’s gas fields and the Polish entry point to Europe‘s energy hungry maw is part of it. The Maghreb–Europe gas pipeline that brings natural gas from Algeria’s gas fields to Europe is part of it.  Canada tripling the capacity of the Trans Mountain crude oil pipeline it nationalized a few years ago when its previous

2023-12-03Industriya
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