Balita sa Industriya ng Crypto at Market Trends

XRP Unseats Bitcoin As The Most Traded Crypto Asset, Demonstrating High Confidence ⋆ ZyCrypto

Bitcoin crypto　　Inalis ng XRP ang Bitcoin Bilang Ang Pinakakalakal na Crypto Asset, Nagpapakita ng Mataas na Kumpiyansa ⋆ ZyCrypto　　Balita ng Ethereum ng Bitcoin　　The tides are shifting the crypto market of late. Frenzied trading has pushed XRP to garner trading volumes higher than those of Bitcoin, otherwise leading the pack in trading volumes. The positive sentiment around XRP comes after Ripples legal win against the U.S. Securities and Exchange (SEC).　　XRP Trading Volume Dwarfs Bitcoins　　XRP has flipped Bitcoin to become the crypto asset with the highest trading volume.　　Data from CoinMarketCap shows that XRP has registered roughly $25 billion in total trading volume since July 13, suggesting investors are confident in the token. The rapid volume surge came after a judge ruled that the sale of Ripples XRP tokens on exchanges and via algorithms did not constitute securities following a two-year legal battle instigated by the SEC.　　On the day of the ruling, July 13, the trading volume of XRP pairs on centralized exchanges hit over $10 billion, which is itinuring na the biggest volume in the last one and a half years.　　Digital asset market research firm Kaiko siniyasat that “XRP has surpassed BTC as the highest volume asset.” For context, XRP dominated a

2023-07-19Bitcoin

Vitalik Buterin sheds light on Ethereums account abstraction journey at EthCC

Ethereum　　Vitalik Buterin sheds light on Ethereums account abstraction journey at EthCC　　21 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　At the Ethereum Community Conference (EthCC) in Paris, Ethereum co-founder Vitalik Buterin gave an insightful presentation on the history and evolution of “account abstraction” on the Ethereum blockchain.　　Account abstraction is a feature in Ethereum that aims to make the system more flexible and easier to use. It essentially allows users to define the security model of their accounts, making Ethereum more adaptable for different use cases.　　For instance, this feature allows users to set their own transaction validation rules, such as multi-signature requirements or spending limits. They can also make their accounts compatible with a future cryptographic algorithm.　　Buterin described account abstraction as allowing Ethereum accounts to be controlled by smart contract code rather than private keys.　　Early days of account abstraction　　According to Buterin, the idea of allowing accounts to be controlled by code rather than just keys was present in Ethereum from the beginning.　　The Ethereum Yellow Paper outlined two types of accounts – Externally Owned Accounts (controlled by private keys) and Contract Accounts (managed by smart contract code). However, some challenges emerged in the early days of implementing account abstraction.　　In the first Ethereum proof-of-concept release,

2023-07-19Ethereum

ETH Unable to Breach $2,000 as Bulls Running Out of Steam: Ethereum Price Analysis

Ethereum　　ETH Unable to Breach $2,000 as Bulls Running Out of Steam: Ethereum Price Analysis　　16 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereums price rally has slowed down in recent weeks. The price has yet to break above the $2,000 level, which is making many market participants worried.　　Ang Pang-araw-araw na Tsart:　　On the daily timeframe, the price has been forming higher highs and higher lows since rebounding from the 200-day moving average earlier in June.　　However, there is a clear lack of bullish momentum, as the ETH price keeps pulling back towards the 50-day moving average located around the $1,900 mark. In case it breaks, there are two close support levels available: the $1,800 static level and the 200-day moving average close to the same price mark.　　Therefore, while the momentum is seemingly fading, there is still hope that a rebound from either of these levels would initiate the next rally higher.　　Pinagmulan: TradingViewAng 4-Oras na Tsart:　　Recent PA developments become clearer on the 4-hour chart.　　The ETH price has broken above the $1,930 resistance level a couple of times since the beginning of July but has failed in both instances, as it has rapidly dropped back below the level.　　Currently, the price is seemingly targeting the $1,850 short-term

2023-07-19Ethereum

Ethereum Four Straight Days Down: Bullish or Bearish?

While most crypto market watchers remain focused on Bitcoin‘s ongoing struggle with $31,000, Ethereum recently closed above the psychologically important $2000 level for the first time in weeks. Now poised to close lower for four straight days, let’s take an evidence-based approach and determine whether four consecutive days lower for Ether is historically bullish or bearish going forward. Lets dive in!　　Ethereums Close Above $2000 Followed By Pullback　　After closing at an impressive multi-week high and back above the $2000 level on July 13th, Ether has pulled back for four consecutive sessions, one of the conditions well test momentarily. To better add context to the test, well also add two more conditions requiring that [1] Ether is above its 200ma and that [2] its 200ma is rising. Why？ The 200ma and its slope both act as simple filters to help determine market regime. For example, this latest four day pullback in Ether occurs in an improving market in which ETH is above the rising 200ma. If the current four day pullback were occurring in a down trending market regime, we would require that ETH be below its declining 200ma.　　Ethereum Daily Chart | ETHUSD on TradingView.com　　What does this pullback in Ethereum suggest for

2023-07-18Ethereum

South Korea: Plano ng mga tagausig na tumutugis kay Do Kwon na maglunsad ng bagong yunit ng pagsisiyasat

Habang lumalaki ang krimen na nauugnay sa digital currency sa pagiging kumplikado, ang mga opisyal ng South Korea ay nagsiwalat ng mga plano na maglunsad ng isang nakatuong yunit sa pagsisiyasat ng mga pagkakasala sa sektor.　　Kamakailan ay inanunsyo ng Seoul Southern District Prosecutors Office na lilikha ito ng Virtual Asset Joint Investigation Unit upang tumulong sa pag-usig sa mga manloloko ng digital asset. Ayon sa isang tagapagsalita ng Prosecutors Office, ang unit ay inaasahang magsisimula ng operasyon sa katapusan ng Hulyo.　　Ang Seoul Southern District Prosecutors Office ay nakikibahagi sa mataas na profile na pagsisiyasat ng biglaang pagbagsak ng ekosistema ng Terra noong 2022. Ang pagsisiyasat, na sumasaklaw sa maraming hurisdiksyon, ay nagdala sa mga lokal na tagausig nang harap-harapan ang walang hangganang katangian ng krimen sa digital currency.　　Ang desisyon na lumikha ng nakalaang digital currency crime unit ay ang una sa uri nito sa South Korea, kung saan hinuhulaan ng mga analyst na ang iba pang Prosecutors Offices sa bansa ay magpapalutang ng kanilang nakatuong pwersa upang tugunan ang kriminalidad sa sektor. Bagamat kalat ang mga detalye para sa bagong grupo, ang team ay kasangkot sa pagsisiyasat ng malawak na hanay ng digital asset fraud at paghawak ng mga isyu

2023-07-18Industriya

Group of 20 Wants All Countries to Follow Global Crypto Rules

The Financial Stability Board (FSB) of the leaders of the Group of 20 countries has drafted new global regulations for crypto exchanges.　　The rules include measures to lower risk and prevent conflicts of interest, among other things.　　G20 Says Crypto Companies Can No Longer Hide　　FSB Secretary General John Schindler said all countries should adopt the crypto recommendations even if they are not Group of 20 members. The rules would not have applied to FTX because the Bahamas is not part of the FSB.　　He added that the rules provide clarity exchanges need, and companies can no longer claim ignorance.　　The Basel Banking Committee and International Organizations of Securities Commissions will develop more granular rules. IOSCO proposed a global approach to crypto regulation in May.　　The FSB published a draft of its new recommendations in July 2022, which leaders of the Group of Seven countries (G7) pledged to put into action. They also support global Financial Action Task Force recommendations to lower money laundering risk in crypto.　　The recommendations will be put into place in 2025. Leaders of the Group of Seven economies pledged to implement the rules in May.　　New Bill Addresses EU Board Members Recommendations　　Earlier this year, EU supervisory board member Elizabeth McCaul said that any

2023-07-18Industriya

Bulls Retake Control of the LUNC Chart

Terra Classic price prediction suggests the bulls are stepping in the price action after the recent decline. Presently, the price of the LUNC token is testing its 100 EMA resistance on a daily timeframe. The bulls are giving their best efforts in order to push the price up, though the multiple barriers presented by the price action imply buyers may find this target challenging to attain in the near future.　　Terra blockchain protocol operates fiat-pegged stablecoins to power a global payment procedure. As per its white paper, Terra fuses price stability and wide adoption of fiat currencies with censorship resistance of Bitcoin including prompt and affordable settlements. Terras native token is LUNC.　　The present value of LUNC is $0.000094, It has a market capitalization of around $544.11 Million.　　Rise in LunarCrush Levels Regarding LUNC　　Source: LUNC/USDT by LuanrCrush　　There is a bounce in the majority of LunarCrush parameters. The total bullish sentiment metric has surged by 11.74%. A sharp rise of 54.35% is observed in the total social engagement level, which suggests potential investors in the community are optimistic regarding the further increase in LUNC crypto.　　Nutarl Greed Sentiment Of Investors　　Source: LUNC/USDT by Alternative(dot)me　　Investor sentiments regarding the overall cryptocurrency market are presently neutral. The markets sentiment

2023-07-18Industriya

Financial Stability Board releases framework for global crypto-asset regulation

The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, has finalized its global regulatory framework for crypto-asset activities and published several “high-level” recommendations for the regulation, supervision, and oversight of the crypto industry and markets.　　The watchdog said the framework and recommendations were developed based on feedback received during its public consultation and an in-depth review of the events that took place in the crypto industry during the past year.　　According to the FSB:　　“The events of the past year have highlighted the intrinsic volatility and structural vulnerabilities of crypto-assets and related players.”　　Additionally, high-profile collapses in the industry — such as FTX — have demonstrated the potential for a domino effect when critical service providers fail, causing risk to spread quickly throughout the ecosystem.　　The FSB believes that the deepening connection between traditional finance and cryptocurrencies could increase risk levels in the broader financial market. To manage this potential threat, they suggest implementing stricter regulations on the cryptocurrency sector　　The FSBs framework aims to ensure that regulation related to cryptocurrencies and stablecoins is comprehensive and consistent across borders. It also aims to ensure that these rules do not stifle technological innovation in the industry.　　Rekomendasyon　　The watchdog published two

2023-07-18Industriya

Ethereum L2 Solution zkSync Unveils Game-Changing Mega Upgrade with New Features

Ethereum　　Ethereum L2 Solution zkSync Unveils Game-Changing Mega Upgrade with New Features　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Altcoin News　　zkSync, an Ethereum Layer 2 scaling solution, has unveiled its latest mega upgrade, Boojum.　　Boojum upgrade brings several benefits to the table.　　The upgrade process of Boojum is designed to have no adverse impact on the network.　　Ethereum Layer 2 scaling solution zkSync has anunsyado its latest mega upgrade, named Boojum, aimed at enhancing overall performance and efficiency. The upgrade introduces a STARK-powered proof system, enabling improved performance on consumer-grade hardware. Boojum includes the RUST-based cryptographic library, powering the upgraded ZK circuit version for zkSync Era and the ZK Stack.　　What are the benefits of zkSyncs new system　　The upgrade offers several benefits, including significantly higher efficiency with orders of magnitude beyond the current 100 transactions per second (TPS) capability. It also reduces hardware requirements, contributing to decentralization goals. zkSync aims to enable user-powered, decentralized proof generation, and Boojum is a step forward in that direction, with the prover running on consumer-grade GPUs and requiring only 16 GB GPU RAM.　　The upgrade process is designed not to have any negative impact on the network. Boojum is currently deployed on the mainnet, allowing the shadow-proofing of transactions for testing

2023-07-18Ethereum

This Bitcoin Continuation Pattern Points To 3-6 Months Of Uptrend Ahead

Bitcoin price is pulling back after a strong finish in the crypto market last week. However, this past Sunday nights weekend close was also the close of the 4-week BTCUSD chart, which has potentially confirmed a high timeframe continuation pattern.　　If the continuation pattern is indeed valid, it could point to 3-6 months of an extended uptrend, making 2023 an extremely bullish year in the end. Here is everything you need to know about the bullish continuation pattern and what it could mean for the crypto market.　　Bullish Candlestick Continuation Pattern To Light Up Second Half Of 2023　　2023 has been an interesting year in the cryptocurrency market. Bitcoin has been mostly bullish, but nothing compared to what weve witnessed in the past — as recently as 2020. Meanwhile, altcoins have been long suffering an onslaught from the US SEC. This has kept Bitcoin further at bay against the US Dollar, while eating up altcoin capital on the BTC pair.　　Despite an important week for the industry and BTCUSD setting a new high for the year, Bitcoin lost some momentum and is now trading below $30,000 per coin. However, before the correction happened, the 4-week BTCUSD candle also closed on Sunday night.　　The 4-week timeframe

2023-07-18Bitcoin

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