Can AVAX cross the $11 hurdle?

Avalanche [AVAX] continued its bullish rally with a 10% pump over the past day. This took it to the $11 resistance level. Earlier in August, AVAX was rejected at this resistance level. Thus, a bullish break of the level remains critical to sustaining the bullish rally.  Green ba ang iyong portfolio? Suriin ang Avalanche Profit Calculator  Meanwhile, Bitcoin [BTC] climbed strongly toward the $28k price level with a 4.1% rise over the same period.  Is buying pressure sufficient to flip $11 price zone to support?  Pinagmulan: AVAX/USDT sa Trading View  The on-chart indicators strongly supported the bullish attempt to flip the $11 price level. The OBV (On Balance Volume) surged in trading volume, rising from 60.06 million to 62.59 million.  Similarly, the RSI (Relative Strength Index) displayed strong buying pressure by moving into the overbought zone. In addition, the CMF (Chaikin Money Flow) registered a positive reading of +0.30 which was a sign of massive capital inflows to AVAX.  Bulls can ride the trend with a session close above the $11 price level on the 12H timeframe. This would give buyers an added advantage to push for further gains at $12.5 to $13.6.  However, a failure to break the bearish resistance could hamper bulls in the short term

2023-10-08Industriya

Mga Presyo ng Crypto Ngayon: Tumaas ang Mga Presyo ng SUI, XMR, LDO Sa Huling 24H

Balita ng Ethereum ng Bitcoin  SUI, XMR, and LDO all saw their prices rise over the past day of trading.  SUI was the top performer after its price rose by over 4%, which was likely fueled by their $51.3 million DeFi ecosystem fund announcement.  XMR and LDO both secured price increases of just over 1%.  Over the past 24 hours, the prices of Sui (SUI), Monero (XMR), and Lido DAO (LDO) have experienced a significant increase in price, indicating a possible uptick in investor interest surrounding these tokens. The 24 hour success of XMR and LDO also secured them a spot on CoinMarketCaps trending list.  Sui (SUI)   At press time, SUI was worth about $0.4556 after its price was able to climb by 4.13% over the past 24 hours. This meant that the altcoin was trading just below its peak price for the past day, which stood at $0.4586.  SUI / Tether US 1D (Source: TradingView)  The tokens price rise could be attributed to the announcement made earlier this week that the Sui Foundation is set to bolster its DeFi ecosystem with a significant investment of $51.3 million through an ecosystem fund. The fund is aimed at providing crucial backing for DeFi developers and DeepBook.  DeepBook is an

2023-10-08Industriya

Hindi Inaasahang Update: Ang Hacker na Nagnakaw ng 5,000 Ethereum mula sa Huobi ay Ibinalik ang Mga Pondo

5,000 Ethereum (ETH) stolen from HTX, the cryptocurrency exchange formerly known as Huobi, was surprisingly returned by hackers.  The hackers left a note in the refund process, advising HTX to change the system hot wallet address and reduce the system hot wallet rate due to the leakage of the private key.  On September 25, HTX suffered a security breach that resulted in a loss of 5000 ETH, equivalent to approximately $8 million. The incident was immediately detected and addressed by the HTX team. According to HTX advisor and Tron founder Justin Sun, the firm fully covered the losses, ensuring all funds were safe.  The compromised wallet appears to be one of HTXs hot wallets and has received approximately $500 million in deposits from Binance since its inception in March.  Despite the significant loss, Sun reassured users on social media platform he said.  In response to the incident, trading at HTX continued as usual.  Sun had announced that HTX was ready to offer the hacker a $400,000 bug bounty in exchange for the return of the stolen funds. The hacker also added a wallet address for the reward in the note he left to the exchange during the refund process.

2023-10-08Industriya

Ethereum Price Consolidates Amid Looming Bearish Sentiment

Balita ng Ethereum ng Bitcoin  The number of addresses with 1,000 or more ETH has dropped to a five-year low.  ETH recently found support around the $1610 area after facing severe selling pressure.  Vitalik Buterin, co-founder of Ethereum, recently put forth ways to address issues of decentralization. He proposes a two-tiered staking mechanism with node operators and delegators as separate participant types.  Buterin argued that the network and its users would benefit greatly from this approach and listed many potential advantages. From the vantage point of the network, it may be possible to reap a number of benefits.  First, scalability may be considerably improved and computational overhead dropped by lowering the number of signatures per block to about 10,000. Increased difficulties for attackers seeking to hold a majority share would also improve network security and decentralization.  Bearish Pressure  According to statistics compiled by Glassnode, the number of addresses with 1,000 or more ETH has dropped to a five-year low, reaching only 6,010. This indicates that large investors are either liquidating their holdings or moving their ETH, which might have a detrimental impact on the price of Ethereum.  At the time of writing, ETH is trading at $1641, up 0.53% in the last 24 hours as per data from

2023-10-07Ethereum

Where Ethereum Fails: DLCs, Atomic.Finance, and Bitcoin-Native Financial Services

Bitcoin Ethereum  Where Ethereum Fails: DLCs, Atomic.Finance, and Bitcoin-Native Financial Services  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Earlier this week, I sat down with Matthew Black, the Chief Technology Officer of Atomic.Finance, to discuss Discreet Log Contracts (DLCs), a cutting-edge development in Bitcoins often misunderstood smart contract ecosystem. Black unveils how DLCs are structured and set to revolutionize the world of financial agreements and transactions using the Bitcoin blockchain.  The discussion spotlights the specific infrastructure of Atomic.Finance, a pioneering platform specializing in Bitcoin-native financial services, and its overarching mission to redefine traditional finance within the Bitcoin ecosystem. Through a thorough examination of the underlying technology and the wider implications of Bitcoin-native financial services, Black explains how this paradigm shift may influence Bitcoin adoption, regulatory concerns, and the decentralization of financial services within the broader financial market.  Mark Goodwin: Matthew, thank you so much for joining me. How many users roughly does Atomic.Finance currently have? And do you have an estimation on the number of bitcoin thats currently utilized in the system?  Matthew Black: It is still early days. We have 230 users, I believe. And just under 70 bitcoin locked at the moment. So we are still growing.  Goodwin: Have you guys encountered any regulatory

2023-10-07Ethereum

JPMorgan Claims The Merge And Shanghai Upgrades Have Made Ethereum More Centralized. Here’s Why ⋆ ZyCrypto

Ethereum  JPMorgan Claims The Merge And Shanghai Upgrades Have Made Ethereum More Centralized. Heres Why ⋆ ZyCrypto  Balita ng Ethereum ng Bitcoin  As the industrys second-largest blockchain, Ethereum, continues on its journey toward a more sustainable and decentralized future, it faces a conundrum: did the switch to a proof of stake (PoS) security model make the network more centralized? JPMorgan analysts believe it did.  Masyado bang Sentralisado ang Ethereum?  Ethereums transition to PoS was celebrated as a key upgrade. However, over a year later, some industry observers fear the Merge and subsequent Shanghai upgrades have pushed Ethereum toward more centralization.  In a research report on Thursday, JPMorgan analysts led by Nikolaos Panigirtzoglou noted that:  Ethereums so-called Merge to PoS was successfully completed in September 2022, ushering in staking. The historic Shanghai upgrade executed in April of this year allowed network participants to un-stake and withdraw their tokens, which resulted in skyrocketing staking.  The Merge replaced the way transactions were verified on the Ethereum network. Instead of miners putting in their computational power to verify a transaction, validators now pledge Ether tokens to verify those transactions. Although that has already reduced the energy consumption of Ethereum by 99.99%, it also means that a considerable portion of the ether securing

2023-10-06Ethereum

Presyo ng Ethereum sa Panganib na Biglang Bumaba Maliban na Lang Kung Aalisin ng ETH ang Mabigat na Paglaban na Ito

Ethereum  Presyo ng Ethereum sa Panganib na Biglang Bumaba Maliban na Lang Kung Aalisin ng ETH ang Mabigat na Paglaban na Ito  Balita ng Ethereum ng Bitcoin  Ethereum is struggling to stay above the $1,600 support zone.  Ang presyo ay kinakalakal sa ibaba $1,650 at ang 100-oras na Simple Moving Average.  Mayroong isang pangunahing linya ng takbo ng alon na bumubuo na may pagtutol na malapit sa $ 1,645 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).  Ang pares ay maaaring magsimula ng bagong pagtaas kung aalisin nito ang $1,650 at $1,665 na antas ng paglaban.  Bumababa ang Presyo ng Ethereum  Ethereum attempted a recovery wave from the $1,630 zone. ETH climbed above the $1,650 resistance level but upsides were limited, like Bitcoin.  The price struggled to gain pace for a move above the $1,665 resistance level. A high was formed near $1,654 and the price reacted to the downside. It declined below the $1,620 support and even traded close to the $1,600 level. A low is formed near $1,607 and the price is now consolidating losses.  Ethereum is now trading below $1,650 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,645 on the

2023-10-06Ethereum

Hacker Steals 234 ETH in Under 24 Hours

The lone scammer has managed to abscond with approximately $385,000 worth of Ether (ETH) in under 24 hours.  This incident forms part of a string of SIM-swapping hacks targeting users of the popular platform Friend.Tech.  Scammer Steals 234 ETH in Less Than 24 Hours  Blockchain investigator ZachXBT took to X on Oct. 5 to report that an individual had successfully stolen 234 ETH in the past day alone. This was achieved by manipulating the SIM cards of four unsuspecting Friend.Tech users. Even more alarming is that the transfer of these illicit cryptocurrency assets can be traced back to the same hacker.  Ang parehong scammer ay kumita ng $385K (234 ETH) sa nakalipas na 24 na oras sa pagpapalit ng SIM sa apat na magkakaibang user ng FriendTech. pic.twitter.com/03BoBEqGax  — ZachXBT (@zachxbt) Oktubre 4, 2023  One of the victims shared their ordeal, stating, “We changed the SIM card. Apparently, the dude was able to get it done at the Apple store and switched it to an iPhone SE. Dont buy my keys, this wallet has been hacked.”  Another user, @KingMgugga, reported in real-time that they were witnessing the attack unfolding, frantically asking for help. Meanwhile, @holycryptoroni confirmed they had also fallen victim to a similar attack, lamenting, “Ive

2023-10-06Ethereum

Ethereum Fees At Lowest Since Nov. 2022, Bottom Signal?

Data shows that the last time the Ethereum transaction fees dipped towards lows this deep, the cryptocurrencys price reached its bottom.  Ethereum Average Transaction Fees Has Dropped To Just $1.13 Now  Ayon sa data mula sa on-chain analytics firm Santiment, the cryptocurrency has observed particularly low fees this week. The “average fees” here refers to a metric measuring the average fees (in USD) the users attach to their Ethereum transfers.  Generally, this indicators value depends on the traffic the ETH network receives. Whenever the mempool is congested with transfers, some transactions may be stuck waiting for long, as the validators only have a limited capacity to process the transfers.  Those who want their transfers to go through as soon as possible may attach higher-than-average fees so the network prioritizes them. As such, periods of high activity can lead to the average fees shooting up as users try to outcompete each other in getting their transactions through first.  However, such an incentive only exists in times of low traffic, so the average fees can fall to low values, as senders no longer have any reason to attach significant amounts with their transfers.  Because of this relationship between the fees and network activity, the indicators value can provide

2023-10-06Ethereum

Paghabol sa pagsubok ng SBF - nagsisinungaling ba siya sa buong panahon? – Cryptopolitan

SBF has cast a peculiar spotlight on the crypto industry. For an year now, there have been conspiracies, contradictions and significant revelations on SBF and the collapse of FTX. Crypto investors will be able to put that to rest in the next 6 weeks. However, as the case progresses many of SBFs statements in the last year have been called to question. Was he lying the whole time?  On the third day of Sam “SBF” Bankman-Fried‘s criminal trial, the former CEO’s MIT roommate and FTX developer Adam Yedidia testified about the crypto exchanges $8 billion debt prior to its bankruptcy.  According to reports from the United States District Court for the Southern District of New York, Yedidia testified on Oct. 5 in the United States District Court for the Southern District of New York about the connections between the crypto exchange and Alameda Research — one of the key pieces of information at the heart of SBFs alleged fraud.  Jury entering!  Judge Kaplan: Mr. Yedidia, you are still under oath.  AUSA Sassoon: What did Mr. Bankman-Fried do at FTX? Was he involved in the business?  Yedidia: Yes, even of the dev team. I wrote code…  - Inner City Press (@innercitypress) Oktubre 5, 2023  Remember that failure that SBF

2023-10-06Industriya
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