Bitcoin Price Volatility Leads Liquidation To Breach $190 Million

Balita sa Bitcoin: The global digital asset market printed red indexes on Thursday after registering a relief rally over the announcement of lower CPI data. Bitcoin (BTC), the worlds largest crypto saw major volatility as its price went on to dip below the $27k level after trading above $28.2K.  Also Read: Ripple Exec Bids For EUs MiCA Amid US SEC Crackdown; Ripple Moving Out?  Bitcoin Price Dip Below $27K  As per the data, Bitcoin price is down by more than 7% over the past 7 days. However, BTC price registered a marginal decline over the past day. Bitcoin price trading at $28,200 on Wednesday went on to drop below the $27k level to stand at $26,992.  However, Bitcoin price saw a slight recovery to regain the crucial $27K. BTC is trading at an average price of $27,414, at the press time. Its 24 hour trading volume is up by 57% to stand at around $21 billion. BTC dominance currently stands at 46.89% which is a decrease of 0.07% over the past 24 hours.  Pinagmulan: CoinMarketCap  Basahin din: Bakit Hindi Nagrehistro ang Ripple ng XRP Sa US SEC? Sagot ni Brad Garlinghouse  According to the Coinglass data, due to an increase in volatility, more than 50K traders were

2023-05-11Bitcoin

Arbitrum’s DAO to receive over 3,350 ETH in revenue from transaction fees

Ethereum  Arbitrums DAO to receive over 3,350 ETH in revenue from transaction fees  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum layer-2 blockchain Arbitrum will distribute Ether (ETH) worth nearly $6.2 million to its decentralized autonomous organization (DAO), the project anunsyado on May 9 on Twitter. ARB holders must claim the rewards.  The funds to be collected are base fees and surplus revenue generated from network transactions. According to Arbitrums tweet, a total of 3,352 ETH will be collected by its DAO. As internet-native organizations, DAOs are collectively owned and managed by their members. They have treasuries and make decisions through proposals voted on by the group.  Big news Arbinauts!  Arbitrum is the only rollup that sends all surplus revenue generated by transaction fees to their respective DAO and it is time for the DAO to collect the funds so far!  Follow along to learn more about it.  — Arbitrum (,) (@arbitrum) Mayo 10, 2023  Arbitrum is a popular scaling network used by many decentralized applications and blockchain developers. All users pay a fee during transactions on Arbitrum One.  The cost of sending ETH on Arbitrum is currently $0.25, and swapping tokens is $0.68 at the time of writing. Data from Crypto Fees shows that Arbitrums users paid $387,423

2023-05-11Ethereum

Pagsusuri ng presyo 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin Ethereum  Pagsusuri ng presyo 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.  The United States consumer price index (CPI) rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPIs monthly rise of 0.4% in April was in line with expectations.  Although inflation remains stubbornly higher than the Federal Reserves 2% target, traders will take comfort from the slower pace of increase. That suggests the Fed rate hikes are having an effect, and further rate hikes may not be necessary.  If the Fed pivots and starts to cut rates, as the FedWatch Tool projects, that may be positive for risky assets such as equities and cryptocurrencies. Bitcoin (BTC) responded positively to the CPI data and rose above $28,000 on May 10.  While the downside looks limited, the bulls may not have it easy at higher levels because of the high risk of a recession and the possibility of the banking crisis erupting again. That may keep the price stuck inside a range, which

2023-05-11Ethereum

BTC and ETH Prices Plummet After CPI Report Release- Here’s What Traders Can Expect Next

Bitcoin Ethereum  Bumaba ang Mga Presyo ng BTC at ETH Pagkatapos ng Paglabas ng Ulat ng CPI- Narito ang Maaaring Asahan ng mga Mangangalakal sa Susunod  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Despite a recent period of volatility in the crypto market, the release of the latest CPI news has sparked renewed optimism among investors in major cryptocurrencies. The announcement from the US Bureau of Labor Statistics revealing a decrease in CPI to 4.9% has resulted in a significant increase in buying activity within the crypto market.  Crypto Market Gives A Clear Direction  The lower-than-expected inflation numbers sent ripples throughout the cryptocurrency ecosystem, as leading digital assets experienced a massive surge in buying pressure. Bitcoin, Ethereum, and other top-performing cryptocurrencies saw their values skyrocket, much to the delight of the crypto community. Market participants who previously refrained from investing, began pouring funds into these assets, reigniting their upward trajectories.  Pagsusuri ng Presyo ng Bitcoin  Bitcoin, the leading digital currency, underwent a substantial surge in value, attaining a daily peak of $28,883 on the Bitstamp platform on May 10. This notable surge in Bitcoins value appears to correlate with the most recent U.S. inflation data which increased by 4.9% over the year ending in April, as

2023-05-11Ethereum

Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April

Bitcoin Ethereum  Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April  49 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  In terms of the impact that Wednesdays CPI print had on crypto markets, Managing Director at Wave Digital Assets Nauman Sheikh told I-decrypt a lack of liquidity is likely at play, pointing to market makers like Jane Street and Jump who have scaled back.  “Liquidity just fell off a cliff, so any market impact on the way up on the way down will be a little bit more exaggerated,” he said. “Theres no depth to the market, which means any slight pressure on either side is just going to be exasperated.”  “The fact that [inflation] is within expectations, a bit better for the annual rate, it means the Fed will likely pause,” Kaiko analyst Dessislava Aubert told I-decrypt, “Because the current banking turmoil in the U.S. is basically making traditional tightening less necessary—banks are already tightening lending standards.”

2023-05-11Ethereum

Crypto news: Litecoin, Algorand and Ethereum

crypto Ethereum  Crypto news: Litecoin, Algorand and Ethereum  19 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  The crypto market is going through a particularly uncertain period, characterised by a now relatively long lateralisation: how are Litecoin, Algorand and Ethereum performing in this period?  Although bitcoin seems to be dominating the crypto markets at the moment, not all altcoins are slavishly following its trend.  To be fair, Ethereum is by far one of the most closely aligned altcoins to bitcoin in terms of price performance.  For example, if you look at the historical ratio between the total market capitalisation of BTC and that of ETH, you will see that it has been hovering more or less around current values for about two years.  In the first few months of 2021, this ratio had soared to 7, but from May 2021 it fell to 2.5 and then even below 2. Since then, it has always fluctuated between 2 and 3.  However, it must be said that in September last year, when the Ethereum Merge took place, replacing Proof-of-Work with Proof-of-Stake, it also briefly dipped below 1.9, but since then it has hardly done anything but rise, to around 2.4 today.  This shows how the Merge helped Ethereum to establish itself, but

2023-05-11Ethereum

Big Eyes Thrives Bear Market as Ethereum and Solana Recover

Ethereum  Big Eyes Thrives Bear Market as Ethereum and Solana Recover  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  It has been a week of gloom in the crypto world, and the market is now showing signs of a slow climb out of the rut. Ethereum (ETH) spent most of the week in the red but has climbed 1.7%. Mirroring ETH is the Solana network, whose SOL rose 1.4%.  But even in the gloom of a bear market, there are outliers to the downward trend. Big Eyes Coin (BIG), a meme coin in presale, has wowed market watchers by pulling in more than $35 million.  Ethereum Prepares for Breakout  Ethereum had a tough start to the month, with prices coming down to $1,890 levels after a high of $2,127 set in mid-April. ETHs climb down in price mirrored the market while fundamentals remained strong. The network successfully implemented the Shanghai update and is now a fully proof-of-stake (PoS) network.  Ethereum boasts the largest crypto ecosystem and the largest developer community on top of it. The network is continually updated and the transition to PoS from a proof of work (PoW) consensus mechanism has brought efficiency in transaction speed and energy efficiency. The network is next looking for

2023-05-10Ethereum

Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Heres What to Know

Ethereum  Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Heres What to Know  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Tomiwabold Olajide  Chiliz Chain mainnet, first-of-its-kind blockchain infrastructure for sports, now live  Sa nakalipas na mga oras, Chiliz, a blockchain provider for the sports industry, has made two significant announcements.  First, the Chiliz Ethereum Bridge, which would enable users to transfer their CHZ tokens from the Ethereum mainnet (ERC-20) to the Chiliz Chain (CAP-20), is now live.  To use the Chiliz Ethereum bridge, users would need to have CHZ tokens on at least either of the networks, enough ETH to cover the gas fee if bridging from Ethereum, or enough CHZ to cover the gas fee if bridging from the Chiliz Chain.  In a major announcement, the Chiliz Chain mainnet, the first-of-its-kind blockchain infrastructure for sports and entertainment, is now live, marking a significant milestone for the world of blockchain and sports.  The public mainnet of Chiliz Chain has officially launched, ushering in the next stage of Chilizs mission to improve relationships between fans, communities and their favorite sports teams and companies through blockchain technology.  More on new Chiliz Chain  Chiliz Chain is a Layer 1, EVM-compatible, proof-of-stake authority (PoSA) blockchain, marking the next phase in the Chiliz project. It is expected

2023-05-10Ethereum

Avorak AI First To Detect Ethereum Users Suffering sandwich Attacks

Ethereum  Unang Natukoy ng Avorak AI ang Mga Gumagamit ng Ethereum na Nagdurusa sa Mga Pag-atake ng “sandwich”.  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The world of decentralized finance (DeFi) is a fast-paced and ever-changing landscape. One emerging concern is the increasing prevalence of “sandwich” attacks in DeFi transactions, particularly in the context of the recent hype surrounding Pepe coin, the newest meme coin on the market.   In this article, we will explore sandwich attacks, how they relate to the rise of Pepe coin, and how Avorak AI has been instrumental in detecting and mitigating these attacks on the Ethereum network.  What are Sandwich Attacks in DeFi?  In the context of DeFi, a sandwich attack is a form of front-running that exploits the latency and transparency of blockchain transactions. Essentially, an attacker observes a target transaction and quickly submits their own transactions, with higher gas fees, to be executed before and after the target transaction.  This allows the attacker to manipulate the price of an asset in their favor, effectively “sandwiching” the target transaction and extracting value from it.  The most common method to execute a sandwich attack involves the attacker placing a buy order for an asset immediately before the target transaction, causing the

2023-05-10Ethereum

Cardano taps Hydra to undercut Ethereum as gas fees skyrocket

Ethereum  Cardano taps Hydra to undercut Ethereum as gas fees skyrocket  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The crypto market is currently at a stage where a network‘s weakness may pave the way for another to thrive. The rivalry between Ethereum and Cardano is perhaps an ideal example of this, with the latter undercutting the former’s user base.  Ilan ang halaga ng 1,10,100 ADA ngayon  Cardano is one of the top blockchain networks that is currently benefiting from the rising Ethereum gas fees. Investors are reportedly switching to the likes of Cardano which is a more cost-efficient network largely thanks to one key weapon in its arsenal. Cardanos hydra upgrade made the network more scalable.  Heres a comparison of the fees collected on both networks. Ethereum fees have been growing exponentially in the last few days. This growth has partly been linked to increased network congestion due to the memecoin hype.  Meanwhile, Cardano fees stood pale in comparison to Ethereum. While ETH fees recently peaked at $35 million, Cardano fees recently peaked at slightly above $13,000.  Granted, the number of users on Cardano was much lower than those on Ethereum. Nevertheless, the fee surge on Ethereum still underpins a major downside as far as fees are

2023-05-10Ethereum
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