‘Monster’ Ethereum (ETH) Rally Incoming With Additional Altcoin Set To Outperform, Says Top Crypto Analyst

crypto Ethereum  ‘Monster’ Ethereum (ETH) Rally Incoming With Additional Altcoin Set To Outperform, Says Top Crypto Analyst  47 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom is predicting a massive rally for Ethereum (ETH).  Ang pseudonymous analyst na Smart Contracter nagsasabi his 221,400 Twitter followers that Ethereum appears to be at the end of a correction and ready to surge.  Pinagmulan: Smart Contracter / Twitter  Looking at his chart, the analyst shows ETH/BTC in a downward correction and about to tap the crucial 0.618 Fibonacci retracement support, which traders see as a likely point for a bounce.  Smart Contracters bullishness on ETH comes as crypto analytics platform Santiment says sharks have accumulated 3.61 million ETH coins in the past year, worth a whopping $6.13 billion.  However, whales unloaded more than double that amount.  Ang crypto analyst din sabi ni Optimism (OP) is also looking bullish.  Pinagmulan: Smart Contracter / Twitter  Using the Elliott Wave theory, an advanced technical analysis method that forecasts future price action based on crowd psychology manifesting in waves, Smart Contracter says Optimism is at the bottom of a correction and setting the stage to move to the upside.  Pinagmulan: Smart Contracter / Twitter  Ethereum is worth $1,819 and

2023-03-18Ethereum

US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System – Regulation Bitcoin News

The governor of Indias central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.”  Indias Central Bank Governor on Crypto Risks and U.S. Banking Crisis  The governor of Indias central bank, the Reserve Bank of India (RBI), cautioned about the risks cryptocurrencies pose to the financial system while commenting on the U.S. banking turmoil at the 17th K P Hormis Commemorative Lecture on Friday. RBI Governor Shaktikanta Das said:  Ongoing U.S. banking crisis drives home the importance of robust regulators, sustainable growth and clearly shows risks of private cryptocurrencies to the financial system.  Das was referring to the recent collapses of several banks in the U.S. Last Sunday, Signature Bank was seized by the New York State Department of Financial Services while Silicon Valley Bank was closed down by regulators last Friday. They became the second and third largest banks in the U.S. to fail. In addition, Silvergate Bank announced voluntary liquidation earlier this month.  Some people believe that regulatory actions against crypto-friendly banks are related to cryptocurrency, including Senator Elizabeth

2023-03-18Industriya

Fidelity Opens Retail BTC— Is ETH Trading Exploiting Bank Crisis?

Fidelity Investment allowed BTC and ETH trading access, benefiting from the recent bank crisis  The US banking industry suffers from the recent Silvergate, SVB, and Signature Bank collapses  Fidelity Investment opened access to BTC and ETH trading to fill the void created by the closure of crypto-friendly banks. United States regulators closed Silicon Valley Bank and Signature Bank after the collapse of Silvergate to curtail the crisis in the banking industry.  Fidelity Investment is trying to fill the GAP  All the banks that shut their doors were bridges between traditional finance and the crypto industry. Their closure has hampered easy operations; Fidelity Investment is trying to fill the gap by offering trading options. Previously it provided services to only institutional and a few select customers. Earlier this month, they opened their doors to the general public.  Now individual investors can buy and sell BTC and ETH using their custodial and trading services provided by Fidelity Digital Assets. However, clients, for now, arent allowed to transfer cryptocurrencies to and from their Fidelity accounts. There is no clear timeline for this facility, but rumors are it might be available by November 2023, a few days after announcing the waitlist.  The GAP created by recent Closures  Silvergate Capital collapsed after

2023-03-18Industriya

The Top 10 Blockchain Hacking Techniques By Open Zeppelin

– Open Zeppelin, a cybersecurity company that provides tools for developing and securing decentralized applications(dApps).  – The company revealed that the biggest threat posed to dApps is not the blockchain technology but evil intent from hackers worldwide.  Blockchain hacking has become a problem and threatens the cryptocurrency ecosystem. Hackers can breach blockchain security to steal cryptocurrency and digital assets. This is why companies are working on innovative ways to secure their systems from cyber-attacks. Open Zeppelin has released a report summarizing the top ten blockchain hacking techniques.  How do Hackers Pose Threats to Blockchain Security?51% Attacks  This attack occurs when a hacker gains control of at least 51% or more of the computing power on a blockchain network. This will give them the power to control the networks consensus algorithm and be able to manipulate transactions. This will result in double spending, where the hacker can repeat the same transaction. For example, Binance is a major investor in memecoin Dogecoin and stablecoin Zilliqa, and can easily manipulate the crypto market.  Mga Panganib sa Smart Contract  Smart contracts are self-executing programs that are built on underlying blockchain technology. Hackers can hack into the code of smart contracts and manipulate them to steal information or funds, or digital

2023-03-18Industriya

Crypto Exchange Binance Announces Support For Staked ETH Withdrawals

crypto Ethereum  Crypto Exchange Binance Announces Support For Staked ETH Withdrawals  Balita ng Ethereum ng Bitcoin  54 segundo ang nakalipas | 2 mins basahin  Binance will hold off processing withdrawal requests for staked ETH for a week.  The exchange intends to implement a daily ETH redemption cap for each user.  The biggest cryptocurrency exchange, Binance, announced on Friday that it would process staked Ethereum withdrawals and is ready to support the next Ethereum Shanghai and Capella (Shapella) upgrades. Withdrawals of staked ETH from the cryptocurrency exchange, however, will be postponed for a week after the April 12 Shanghai upgrade to the mainnet.  After the successful Shapella update, Binance will begin ETH staking withdrawals through the ETH 2.0 Staking page, as per a March 17 release. This implies that Binance will hold off on processing withdrawal requests for staked ETH for a week.  On the ETH 2.0 Staking page, staking participants may exchange their BETH for ETH at a rate of 1:1. With the April 12 Shapella update, users have the option of continuing to stake their ETH or even staking additional ETH in order to gain BETH rewards.  Redemption Cap For Each User  When the Shanghai and Capella (Shapella) update has been implemented successfully, a second notice will inform users

2023-03-18Ethereum

Ethereum Shanghai upgrade deadline dates unveiled

The architects of the Ethereum (ETH) network have disclosed a new probable date for the highly awaited Shanghai upgrade, bringing the prospect of accessing staked ETH one step closer to investors.  The April 12 deadline for the Shanghai-Capella upgrade, also known as Shapella, for the leading Ethereum network was decided upon by the networks core developers at a meeting on March 16.  The developers claim that the Shapella update went live on the Goerli testnet, the last stop before the mainnet launch, with flying colors.  Epoch 620,9536, which corresponds to 10:27 a.m. UTC on April 12, 2019, will mark the time of the update.  What the Shapella update will entail  The update‘s primary attraction is EIP 4895, which implements validator staking withdrawals on the leading network. This crucial feature was left out of Ethereum’s switch to proof-of-stake (PoS) consensus in September after the merge upgrade.  In addition, the Shapella update will have three other enhancements meant to reduce gas expenses for certain operations. Developers have been conducting public tests in Sepolia, Zhejiang, and Goerli since February in preparation for the withdrawals.  To top it all off, all three tenets could execute ETH withdrawals from their respective validator sets without a hitch.  How ethereum is doing today  Ethereum, the second

2023-03-17Ethereum

ETH, MATIC, And DOGE Are All Currently Up By More Than 3%

At the moment, almost all of the top 10 cryptocurrencies by market cap are trading in the green.  ETH, MATIC, and DOGE are all up by more than 3%.  DOGE is one of the frontrunners in the top 10 after a more than 6% increase.  Almost all of the top 10 cryptocurrencies by market cap are trading in the green for today, according to CoinMarketCap. This includes cryptos like Ethereum (ETH), Polygon (MATIC) and Dogecoin (DOGE).  ETH is currently trading hands at $1,721.29 after a 3.73% increase in its price over the last 24 hours. In addition to this, ETH is also in the green by more than 22% over the last seven days. The altcoin did, however, weaken against its biggest competitor, Bitcoin (BTC), by about 2.10% over the last day.  Also trading in the green is MATIC. The altcoin is currently worth about $1.19 after a 4.76% increase in price since yesterday. MATIC was also able to reach a high of $1.19 and a low of $1.12 over the same time period.  When it comes to MATICs 24-hour trading volume, it is currently in the red zone and stands at $453,540,236 after a more than 38% decline over the past day. In terms of

2023-03-17Ethereum

Cardano Whale Transactions on the Rise As the Ethereum Competitor Continues To Dominate Development Activity

Whale-sized transactions of the leading Ethereum (ETH)-competing blockchain Cardano (ADA) are on the rise, according to a popular crypto analyst.  Ali Martinez nagsasabi their 21,600 Twitter followers that Cardano transactions exceeding $100,000 are increasing, which “indicates institutional investors‘ and ADA whales’ increasing engagement.”  Source: Ali Martinez/Twitter  ADA is worth $0.324 at time of writing. Cardano is up 0.28% in the past 24 hours and nearly 5% in the past week. The seventh-ranked crypto asset by market cap is also up nearly 30% since the start of 2023.  Sa kabila ng pagbawi ng presyo ngayong taon, nananatiling higit sa 89.5% pababa ang ADA mula sa all-time high nitong $3.09, na tumama noong Setyembre 2021.  In addition to increasing whale transactions, Cardano also tops the charts in terms of weekly development activity on the development hosting platform GitHub.  The pseudonymous crypto analyst Bagsy Nagbahagi a chart earlier this week through the Twitter account ProofofGitHub that indicated Cardano was leading all other crypto projects in that regard.  Source: Bagsy/Twitter  Ang ProofofGitHub ay pinapagana ng crypto analytics firm na Santiment.  Santiment has said that a high amount of development activity happening in a blockchain ecosystem can signal that people believe in its future.  Interoperability blockchain Polkadot (DOT) and its sandbox Kusama (KSM) tied for

2023-03-17Ethereum

Ethereum Sharks Accumulate Over $6,000,000,000 in ETH – But There’s a Catch: Crypto Analytics Firm Santiment

Crypto analytics platform Santiment says sharks have accumulated a whopping $6.13 billion worth of Ethereum (ETH) in the past year.  However, the market intelligence firm sabi ni that whales have dumped a lot of their ETH holdings during the same time period.  ETH sharks picked up 3.61 million ETH coins in the past year, but whales unloaded more than double that amount, per Santiment.  Pinagmulan: Santiment / Twitter  Ang Ethereum ay nakikipagkalakalan para sa $1,699 sa oras ng pagsulat.  Kagandahan din sabi ni that crypto discussions are dominated by the banking crisis, including how Credit Suisse said it would borrow up to $54 billion from the Swiss National Bank to stay afloat.  Pinagmulan: Santiment / Twitter  Ang market intelligence firm mga tala that Bitcoin (BTC) usage is seeing a lot of growth despite the banking crisis and volatility in the markets.  Pinagmulan: Santiment / Twitter  Ang Bitcoin ay nagkakahalaga ng $24,958 sa oras ng pagsulat.  Pagtanggi: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng mga namumuhunan ang kanilang nararapat na pagsusumikap bago gumawa ng anumang mga pamumuhunan na may mataas na peligro sa Bitcoin, cryptocurrency o digital assets. Mangyaring pinapayuhan na ang iyong paglilipat at mga kalakal ay nasa iyong sariling

2023-03-17Ethereum

ETH’s Price Sudden Boom. Impact of Shanghai-Capella Upgrade?

Ang presyo ng ETH ay sumasailalim sa instant surge na 3.8%.  Ang isang spike ng $1,776 ay bumagsak sa $1,703.  Ang presyo ng Ethereum (ETH) ay sumasailalim sa instant surge na 3.8% sa loob lamang ng dalawang oras. Ang presyo ay tumaas hanggang $1,726.62. Ang pinakamalaking altcoin sa crypto market ay inaasahang makakaranas ng ginintuang panahon nito pagkatapos ng PoS consensus upgrade. Ngunit ang katotohanan ay naiiba mula dito.  I-post ang pagbabago ng mekanismo noong Setyembre 2022, ang ETH network ay inaasahang magiging spotlight. Ngunit ang pagbagsak ng peer cryptos at pagkawasak sa tradisyonal na mga pamilihan sa pananalapi ay patuloy na pinag-uusapan. Kasabay ng pagiging dahilan para hilahin pababa ang presyo ng Ethereum.  Nakumpleto ng Shanghai-Capella, aka Shapella upgrade ang huling Goerli testnet noong ika-14 ng Marso. Sa kabila nito, ang mga kinalabasan ay hindi kasiya-siya, dahil ang paglahok mula sa mga validator ay hindi umabot sa marka. Gumagamit ang pangkat ng mga pamamaraan upang malutas ang mga pagkukulang. At ang mainnet run ay naka-iskedyul sa Abril 2023.  Ang matagumpay na pagkumpleto ng testnet run ay dapat na nagpasigla sa bullish movement sa Ethereum price chart. Ngunit hindi, bumagsak ang isang spike na $1,776 sa $1,703. Ang halaga ng Ethereum ay sumusunod sa landas

2023-03-17Ethereum
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