Balita sa Industriya ng Crypto at Market Trends

Robinhood Wallet Adds Support for Bitcoin and Dogecoin, Enables ETH Swapping

Bitcoin Ethereum　　Robinhood Wallet Adds Support for Bitcoin and Dogecoin, Enables ETH Swapping　　Balita ng Ethereum ng Bitcoin　　The addition of Bitcoin, Dogecoin, and Ethereum swapping is a significant step for Robinhood and in response to requests from its user base.　　Robinhood Markets Incs self-custody web3 wallet has announced that it has added support for Bitcoin and Dogecoin. According to a Wednesday blog post, Robinhood Wallet users will also be able to conduct in-app swaps on the Ethereum network. At launch, the service was available to select users for over 200 tokens and is expected to roll out to all users in the coming weeks. Users can swap without holding any ETH. Network fees are automatically designed to be deducted from the tokens they hold. The platform believes this approach will make the onboarding of users to DeFi easier.　　“With Robinhood Wallet we stripped away many of the complexities of DeFi and the broader Web3 ecosystem, and reduced some of the challenges and barriers to entry for everyday people,” said Johann Kerbrat, General Manager of Robinhood Crypto. “Weve been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new features and expand

2023-08-31Ethereum

Ethereum Secures Commodity Status: Uniswaps Legal Victory Sets Precedent

Ethereum　　Sini-secure ng Ethereum ang Katayuan ng Commodity: Ang Legal na Tagumpay ng Uniswap ay Nagtatakda ng Precedent　　Balita ng Ethereum ng Bitcoin　　Pangunahing puntos:　　According to a recent announcement, the US District Court for the Southern District of New Yorks judge ruled in favor of Uniswap in a class action lawsuit on August 29. The ruling explicitly categorized Ethereum as a commodity, not a security.　　ConsenSys lawyer Bill Hughes has naka-highlight a significant development in the cryptocurrency space.　　The lawsuit, dismissed by the Southern District Court of New York, centered around Uniswap, a prominent decentralized exchange. The court ruled that Uniswap couldnt be held responsible for damages resulting from third-party misuse of the protocol, emphasizing the decentralized nature of the platform.　　The case was brought to light in April 2022 by an investor named Nessa Risley, who alleged that Uniswap sold unregistered securities and failed to register as an exchange or broker-dealer.　　However, Judge Katherine Polk Failla, who presided over the case, reasoned that the plaintiffs‘ arguments were untenable due to the decentralized protocol’s nature.　　Although the ruling didn‘t explicitly address the legal status of Ether, the court’s stance on Ethereum being classified as a commodity holds significance.　　This pronouncement aligns with broader discussions around cryptocurrency classification, as seen

2023-08-31Ethereum

Tinawag ng Judge ang ETH na Isang Commodity Sa Uniswap Lawsuit Dismissal Order

Ethereum　　Tinawag ng Judge ang ETH na Isang Commodity Sa Uniswap Lawsuit Dismissal Order　　Balita ng Ethereum ng Bitcoin　　United States District Court Judge Katherine Polk Failla has dismissed the class action suit against the decentralized exchange Uniswap, calling ETH a commodity in the dismissal order. 　　Judge Katherine is also the Judge overseeing the United States Securities and Exchange Lawsuit against Coinbase.　　ETH A Commodity According To Judge Failla　　The lawsuit against Uniswap was brought by users of the decentralized exchange who claimed that they lost significant sums of money due to scam tokens being listed on the exchange. The six individuals who filed the suit had bought tokens on the decentralized exchange between December 2020 and March 2022. They told the court they were arguing on behalf of a “nationwide class of users” that Uniswap controlled liquidity pools on the protocol. They alleged that the decentralized exchange also controlled the pools created by scammers to whom they lost their money to.　　In her dismissal order, the Judge wrote that Bitcoin (BTC) and Ether (ETH) were considered as “crypto commodities.” The Judge also made the distinction as part of her reasoning behind dismissing the lawsuit, stating that she was not convinced by the argument that Uniswaps

2023-08-31Ethereum

Lumalawak ang Robinhood sa DeFi Gamit ang Bagong Feature ng Ethereum Swap

Ethereum　　Lumalawak ang Robinhood sa DeFi Gamit ang Bagong Feature ng Ethereum Swap　　Balita ng Ethereum ng Bitcoin　　Initially gaining prominence as a stock-trading platform, Robinhood is making a serious foray into decentralized finance (DeFi) by adding Ethereum swap capabilities to its wallet. 　　This strategic move aims to increase Robinhood Wallets functionality as it rapidly evolves from a trading app into a more complex financial ecosystem.　　Robinhood Supports Ethereum Swaps　　Launched nearly six months ago, Robinhood Wallet has gained significant traction with hundreds of thousands of users across more than 140 countries.　　Despite its late entry into the crowded crypto wallet space, Robinhood appears to have caught up swiftly. Initially, the platform supported Polygon and Ethereum networks for custody, sending, and receiving crypto assets.　　However, the new update now supports Bitcoin and Dogecoin, with Ethereum swaps being its most talked-about feature.　　The latest Ethereum swap feature stands out for its ease of use. Unlike most other wallets, Robinhood allows users to swap Ethereum-based tokens without the need to hold ETH. Network fees for the swaps are automatically deducted from the tokens users hold, making it an enticing option.　　Yet, this move raises questions about Robinhoods broader strategy. Is the company aiming to simplify and democratize access to DeFi, or

2023-08-31Ethereum

Ang Ikalimang Pinakamalaking Ethereum Wallet ay Nabibilang sa Robinhood: Narito ang Iba Pang Altcoin sa Loob

Ethereum　　Ang Ikalimang Pinakamalaking Ethereum Wallet ay Nabibilang sa Robinhood: Narito ang Iba Pang Altcoin sa Loob　　Balita ng Ethereum ng Bitcoin　　It was revealed that Robinhood is the owner of the worlds fifth largest Ethereum wallet.　　According to a report by Arkham Intelligence, a cryptocurrency analysis company, Robinhood owns 1.72 million ETH, worth approximately $2.92 billion at the time of writing.　　Arkham Intelligence is the same company that identified Robinhood as the owner of the worlds third-largest Bitcoin wallet, holding 122,224 BTC worth approximately $3.32 billion.　　The report also noted that Robinhoods wallet holds SHIB ($276.82 million), LINK ($29.98 million), AVAX ($29.66 million), COMP ($19 million), UNI ($8.16 million), AAVE ($6.16 million), and USDC ($6.16 million). He revealed that he also holds other cryptocurrencies such as $5.14 million). The total value of these coins is approximately 374 million dollars.　　Since the SEC requires crypto balances on Robinhood to be backed 1:1, they consist of funds that Robinhood holds in custody for user balances.

2023-08-31Ethereum

Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETH

Ethereum　　Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETH　　Balita ng Ethereum ng Bitcoin　　Arkham Intelligence said on Aug. 30 that the trading app company Robinhood holds the fifth-largest account on the Ethereum blockchain.　　The intelligence platform previously identified Robinhood as the owner of the third-largest Bitcoin address, which holds 118,300 BTC ($3 billion).　　On Twitter/X, Arkham said:　　“”　　That address begins with 0x40B… and holds 1.5 million ETH ($2.54 billion). It also holds more than 100 ERC-20 tokens, collectively worth $177.1 million. Those numbers bring Robinhoods total holdings for all Ethereum-based tokens above $2.71 billion.　　Arkham noted that the address holds funds in custody on behalf of Robinhood users. Robinhoods trading model requires the company to back user balances at a 1:1 ratio in line with regulations set by the U.S. Securities and Exchange Commission (SEC).　　The four Ethereum addresses larger than Robinhood‘s account include Ethereum’s beacon deposit contract, a wrapped Ether contract, and addresses belonging to major cryptocurrency exchanges Kraken and Binance.　　The beacon deposit contract is by far the largest of those addresses. With more than 29 million ETH ($49.7 billion), it accounts for one-quarter of the entire Ethereum supply.　　Robinhood has addresses on other chains　　Arkham‘s data additionally shows that Robinhood holds funds on numerous other exchanges,

2023-08-31Ethereum

Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets

Bitcoin Ethereum　　Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets　　Balita ng Ethereum ng Bitcoin　　A widely followed crypto trader is skeptical of the recent crypto bounce that saw Bitcoin (BTC) and Ethereum (ETH) climb by over 5% each.　　Pseudonymous analyst na si Bluntz nagsasabi his 224,500 followers on the social media platform X that the two largest crypto assets by market cap have more downside potential.　　Hindi pa rin ako 100% nabenta sa paglipat na ito sa pagiging mababa sa BTC o ETH.　　I still think one more leg down needs to happen to complete a (5th) wave of C for BTC and ETH before Ill be happy to call [the] bottoms.　　Bluntz applies the Elliott Wave theory in his technical analysis. Based on a chart depicting his forecast of Ethereum going forward, he appears to suggest that ETH is on the verge of completing a five-wave pattern (marked 1, 2, 3, 4, 5) to a price of $1,450.　　On Bluntzs chart, the five-wave pattern is nested within a bigger three-wave pattern (identified as A, B, C), which is also on a downward trend.　　Pinagmulan: Rekt Capital/X　　On what could invalidate his bearish forecasts for both Bitcoin and Ethereum,

2023-08-31Ethereum

Ang DeFi TVL ay Bumaba ng 80% Mula sa 2022 Highs, Posible Bang Magbalik?

Noong 2021, ang decentralized finance (DeFi) space ay nakaranas ng explosive growth na humantong sa mabilis na pagtaas ng total value locked (TVL). Ang TVL ay patuloy na lalago hanggang 2022 at mapanatili ang isang disenteng antas kahit na sa pamamagitan ng unang bear market na na-trigger ng pagbagsak ng Terra. Gayunpaman, ang mga araw ng kaluwalhatian ay mahaba na ngayon at ang DeFi TVL ay halos hindi na napigilan, upang sabihin ang hindi bababa sa.　　Ang DeFi TVL ay Bumagsak ng 78% Sa Isang Taon　　Ang Enero 2022 ay malamang na isa sa mga pinakamahusay na buwan para sa DeFi TVL nang tumaas ang sukatan sa pinakamataas na antas nito. Sa puntong ito, mayroong mahigit $212 bilyong halaga ng mga token na naka-lock sa ibat ibang desentralisadong mga protocol sa pananalapi.　　Gayunpaman, ang parehong buwan ay magtatala ng isa sa pinakamalaking pag-crash sa TVL nang bumagsak ito sa $159 bilyon noong Enero 31, 2023. Ang pag-crash na ito ay nagmarka ng pagtatapos ng isang panahon para sa sektor dahil ang TVL ay patuloy na bumagsak sa buong taon 2022, na pinalala sa pamamagitan ng mga pag-crash ng mga tulad ng Terra at Celsius, at kalaunan ay FTX.　　Fast forward sa 2023 at ang

2023-08-31Industriya

USDC stablecoin dominance declining on Ethereum

Since the beginning of the year, Circle and its USDC stablecoin have seen a decrease in dominance on the Ethereum blockchain reflecting a downsizing for the cryptocurrency pegged to the value of the dollar.　　Industry leader Tether and its flagship product USDT have seen an opposite trend to USDC since January with several on-chain data points on the rise.　　The hope for the industrys second-largest stablecoin by market capitalization is that future updates and growth in the DeFi world can bring back investor interest.　　Buong detalye sa ibaba.　　The dominance of the USDC stablecoin is descending on the Ethereum network: meanwhile, Tether (USDT) reinforces its hegemony　　The USDC stablecoin of issuer Circle is having a really tough time with investors gradually abandoning the cryptocurrency in the Ethereum blockchain and moving to competitor USDT or directly into FIAT.　　After two years of fire in which throughout 2020 and 2021 the stablecoin won the markets respect by gaining more than $37 billion in market capitalization, here it is for much of 2022 and all of 2023 the trend has reversed sharply.　　As of the end of February 2022 USDC has seen about $23.5 billion evaporate, equivalent to nearly 50% of its countervalue.　　By contrast, since the beginning of the year,

2023-08-31Ethereum

Hinaharap ng Bitcoin ang Bearish na Aktibidad Sa $28K Bilang Mga Kita ng Whales Eye – Magpapalitaw ba ang Presyo ng BTC ng Alon ng Aktibidad sa Pagbebenta?

Just when Bitcoin enthusiasts thought they were riding a wave to new heights, the cryptocurrency hit a snag at the $28,000 mark. After a bullish run that saw Bitcoin break out from a $26,000 consolidation phase, the digital asset is now facing a bearish reversal. Additionally, Bitcoin saw a surge in accumulation just hours prior to Grayscales victory over the SEC. Now, it appears that investors are scouting for opportunities to sell and capitalize on the profits generated by this rally.　　Bitcoin Faces Profit-Booking Sentiment Among Whales　　After Grayscale‘s legal win against the SEC, which fueled hope for the approval of spot Bitcoin ETFs, BTC’s price soared from $26,000 to nearly $28,184. However, this bullish surge was fleeting, as Bitcoin quickly encountered resistance at these higher levels, resulting in a 2% decline.　　Per data from Santiment, holders of wallets with a balance ranging from 10 to 10,000 BTC accumulated an impressive $388.3 million, or 14,596 BTC, just hours prior to the announcement. According to IntoTheBlock, the number of large transactions has increased from 9.27K to 16.49K after the BTC price traded above $27K yesterday.　　However, this spike in large transactions is not necessarily a bullish indicator; rather, it has contributed to creating bearish pressure

2023-08-31Bitcoin

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