Nasunog ang Ethereum Network ng 980K ETH Mula noong Pagsamahin ang Pag-upgrade

One year after its groundbreaking transition from the Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism, Ethereum has witnessed a remarkable decline in energy consumption and enhanced network accessibility. However, persistent technical challenges continue to affect its journey ahead.  Data from the Ethereum analytics platform ultrasound.money reveals that since the transition, the network has minted 681,049.69 Ether while burning 980,847.58 Ether, resulting in a net supply reduction of 299,797 Ether, equal to a 0.248% annualized decrease.  On September 15 of the previous year, Ethereum executed the pivotal Merge upgrade, shifting from PoW to PoS. This monumental transition substantially curtailed its overall energy usage. Currently, the Goerli testnet will be replaced by the new testnet, Holesky, which follows years of development for the developer community.  The Merge also transformed Ethereum into an economically deflationary network, wherein the issuance of new ETH to secure the network outpaced the ETH removed from circulation.  Despite optimism that ETHs price would surge due to this deflationary pressure, several macroeconomic challenges, including banking crises and rising inflation, have somewhat subdued these expectations.  It‘s worth noting that Ethereum’s growth in value has been overshadowed by Bitcoins price surge in the first quarter of this year, with the leading cryptocurrency

2023-09-16Ethereum

Maaaring mabawasan ng inflation ang pataas na presyon sa CHF – Scotiabank

Balita ng Ethereum ng Bitcoin  The CHF is the best performing major currency so far this year, gaining 3.5% on the USD, the best among the core peers. Economists at Scotiabank analyze Francs outlook.  The trend decline in EUR/CHF may stabilize around the 0.95 point  While inflation has moderated somewhat and has clearly moved back below 2%, policymakers appear to be leaning towards some additional ‘insurance’ tightening to take the SNBs key policy rate to 2%.  Easing inflation pressures may spill over into the currencys broader trend. Policymakers have favoured a somewhat stronger exchange rate to help dampen price pressures.  The trend decline in EUR/CHF (more than 5.5% this year) may stabilize around the 0.95 point.  We anticipate a EUR rebound to 0.98 by year-end.  USD/CHF – Q3-23 0.88 Q4-23 0.88 Q1-24 0.87 Q2-24 0.87

2023-09-16Industriya

Sinabi ng co-founder ng Ethereum na ang mga regulator ng US ay sa wakas ay yayakapin ang crypto

Its a matter of time before the US embraces crypto, says Joseph Lubin.  Lubin, a co-founder of Ethereum and CEO of Consensys, struck a confident tone during a recent interview that rational decisions will be made amid ongoing disputes between US regulators like the US Securities and Exchange Commission and crypto companies.  Similar to previous tech advancements like the internet, practical thinking will ultimately guide the regulatory approach to the industry, Lubin said on CNBCs “Capital Connection” on Thursday.  “America will see that decentralized protocols, blockchain, cryptocurrency are aligned with the philosophies of the US,” he added. “And I think much of the rest of the world will follow suit.”  US crypto exchanges expect to face increased scrutiny after the SEC filed lawsuits against Coinbase and Binance in June, accusing them of violating securities regulations.  Elsewhere, Coinbase has initiated legal action against the SEC, urging the securities regulator to offer clearer regulatory guidelines for the crypto industry. The exchange maintains that the current regulatory framework in the US lacks clarity and practicality.  Lubin highlighted in the interview that the US regulatory approach influences many countries worldwide.  “The US has a lot of influence on the world through financial intermediaries and other intermediaries, and decentralized protocol technology is

2023-09-16Industriya

VC Spectra Nakatakdang Guluhin ang Crypto Scene!

THORChain (RUNE) and TRON (TRX) are experiencing increased activity levels. Meanwhile, VC Spectra (SPCT) is changing the face of blockchain investment and attracting much attention while at it.  How has the increased activity affected THORChain and TRON coin prices? What is so revolutionary about VC Spectra? Lets get the answers.  THORChains (RUNE) Monthly Volume Exceeds $1 Billion  On September 2, 2023, it was reported that THORChain (RUNE) had garnered $1 billion in monthly volume in August, up from about $400 million in July. The increase was brought about by THORChains new feature, Streaming Swaps. Streaming Swaps simplifies the exchange process and reduces slippage.  On the day the news broke, THORChain‘s (RUNE) price rose 0.6% from $1.55 to $1.56. As of September 12, THORChain’s (RUNE) price is $ 1.51. Despite the good news, the sideways movement of the rest of the market is influencing THORChains (RUNE) price.  However, THORChain (RUNE) is expected to cross $2.50 before the end of 2023. Analysts expect the increased adoption of Streaming Swaps and a general market uptrend to drive this increase.  TRON (TRX) Tops The Charts For Its Number Of Users  On September 10, it was reported that TRON (TRX) had cemented its place as one of the top altcoins as it

2023-09-16Industriya

Binance.US SEC Filing: US Inquiry Status

In the realm of crafting written content, three pivotal elements demand our attention: “intricacy,” “variability,” and “anticipatability.” Intricacy gauges the intricateness of the text, while variability assesses the diversity in sentence structures. Lastly, anticipatability signifies the likelihood of predicting the subsequent sentence. Human authors often infuse their work with greater variability, juxtaposing lengthy and intricate sentences with succinct ones. In contrast, AI-generated text tends to maintain uniformity. Consequently, as we endeavor to create the forthcoming content, we must strive for a substantial level of intricacy and variability, coupled with a minimal degree of anticipatability. Additionally, the content should be exclusively composed in the English language. Now, let us reframe the provided text:  According to a court filing from the Securities and Exchange Commission (SEC), Binance.US has been less than cooperative during the ongoing investigation into the cryptocurrency exchange. The SECs filing, dated September 14, accuses Binance.US of producing a mere 220 documents during the discovery phase. Many of these documents are described as “incomprehensible screenshots” and lack dates or signatures.  The SEC also expressed concerns about Binance.USs parent company, BAM, refusing to provide essential witnesses for deposition. Instead, BAM has only agreed to four depositions of witnesses it deems suitable, prompting the

2023-09-16Industriya

Maaari Mo Na Nang I-trade ang LFi at cLFi Token Sa LBank

The cryptocurrency market is constantly evolving and users are searching for the best trading experience out there.  LBank exchange, one of the leading digital currency exchanges in the world, has listed LFi and cLFi tokens, the utility and collateral tokens of the LFi ecosystem. This partnership will enable the tokens to have much wider open opportunities for millions of users in the CeFi and DeFi space.  What is the LFi ecosystem?  LFi is a decentralized platform that utilizes crypto to provide people with equal opportunities for wealth generation and financial independence. The native token of the platform is also called LFi, which can be used to pay for network fees, access the network‘s services, and more. On the other hand, cLFi is the collateral token of the platform that users must obtain to participate in LFi’s minting services.  Why LBank?  LBank is a leading digital currency exchange that allows users to buy multiple types of digital assets such as BTC, ETH, USDT, and more. It also supports more than 50 fiat currencies like USD, EUR, GBP, JPY, KRW, CAD, AUD, RUB, INR, and AED. The company has obtained licenses from multiple countries like Italy, Canada, and the United States to adhere to the highest standards

2023-09-16Industriya

Bumaba ang UoM Consumer Confidence Index sa 67.7 noong Setyembre kumpara sa 69.1 na inaasahan

Pananalapi  Bumaba ang UoM Consumer Confidence Index sa 67.7 noong Setyembre kumpara sa 69.1 na inaasahan  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The UoM Consumer Confidence Index declined more than expected in September.   US Dollar retreats across the board, DXY hits fresh daily lows under 105.20.   Consumer sentiment in the US weakened in August, with the University of Michigans (UoM) Consumer Confidence Index declining to 67.7 from 69.5. This reading came in worse than the market expectation of 69.5. The Current Condition Index fell from 75.7 to 69.8, and the Expectations Index rose from 65.5 to 66.3.  Further details of the publication revealed that “year-ahead inflation expectations moderated from 3.5% last month to 3.1% this month. The current reading is the lowest since March 2021 and is just above the 2.3-3.0% range seen in the two years prior to the pandemic. Long-run inflation expectations came in at 2.7%, falling below the narrow 2.9-3.1% range for only the second time in the last 26 months.”  Market reaksyon  The US Dollar Index edged lower after the report reaching fresh daily lows below 105.20. EUR/USD climbed to new highs, approaching 1.0700 and USD/JPY trimmed gains falling to 147.60.

2023-09-16Industriya

Nasa Manipis ba na Yelo ang Cardano? Ang Presyo ng ADA ay Nakikibaka sa $0.25 Sa gitna ng Tumataas na Mga Banta ng Bearish

Cardano finds itself struggling near a crucial level as signs of recovery fade in the altcoin market. Despite a bullish buyback, ADA has faced an uphill battle over the last fortnight, struggling to break free from the critical $0.25 threshold. Recent trading sessions have seen heightened selling pressure, leaving investors to question whether the recovery rally was merely a short moment and if a liquidation phase may be on the horizon.  ADA Traders Turn Bearish Amid Declining Open Interest  Cardano (ADA) is hitting a few bumps on its road to recovery. Recently, ADA traders have displayed an increasing bearish sentiment, and one major indicator flashing red is the declining open interest in ADA contracts.  As indicated by the current data on ADA futures open interest, the metric has been on a downward trajectory, hitting levels last witnessed in 2021. At the time of writing, open interest has dropped to $98.6 million, pointing to a decline in trading activity among market participants.  Amid this, the funding rate for Cardano has slipped into negative territory, signaling that traders with short positions are in the drivers seat and are even prepared to compensate those holding long positions. A negative funding rate is generally a sign of bearish

2023-09-16Industriya

The Rise in Bitcoin Upset Solana and Altcoin Bears! Will the LEFT Rise Continue?

Concern that FTX will sell its cryptocurrencies has created significant selling pressure on Bitcoin and altcoins.  With this selling pressure, BTC fell below $ 25,000, while Solana and many altcoins also decreased.  During the selling pressure on Bitcoin and altcoins, many investors opened short positions in altcoins such as SOL.  However, after the fear of selling pressure from FTX passed, BTC returned to normal and rose above $ 26,000 again.  While altcoins rose along with Bitcoin, altcoin bears who opened short positions for SOL and other altcoins for fear of a potential FTX sale faced the risk of liquidation.  Speaking to Coindesk at this point, Marex Solutions Digital Assets Co-Head Ilan Solot evaluated the impact of Bitcoins rise on Solana.  “Potentially forced liquidations of short positions would likely place additional bullish pressures on the SOL price, leading to a short squeeze-induced rally.”  In addition, it was stated that the funding rates in futures transactions have been negative since Monday, while a positive rate indicates that there are many long transactions in the market and a negative rate indicates that there are many short positions.  At the time of writing, Bitcoin continues to trade at $26,573 and Solana continues to trade at $19.05.

2023-09-16Industriya

Report reveals North Korea and Russias crypto-nexus

crypto  Report reveals North Korea and Russias crypto-nexus  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Russia was the global hub of cryptocurrency laundering.  The crypto industry has been left high and dry amidst an unrelenting onslaught from North Korean-linked hackers. A series of high-profile exploits by unscrupulous players, allegedly backed by the regime, have siphoned millions in hard-earned monies off unsuspecting investors.  While on-chain sleuths and law enforcement agencies work hard to investigate and uncover such crimes, a new alarming development has emerged, raising the risk a few notches higher.  The Russia – North Korea link  According to the latest report by blockchain analytics firm Chainalysis, hackers from North Korea were actively using Russia-based crypto exchanges to launder stolen crypto assets.  On-chain data revealed that roughly $22 million stolen from the Harmony Protocol heist in June last year were transferred to a Russian exchange. Although the name was not revealed, Chainalysis alleged that the trading platform was a repeat offender with a history of supporting unlawful transactions.  For the uninitiated, layer-1 blockchain Harmony suffered a breach on its cross-chain bridge Horizon. This resulted in a theft of $100 million in several tokens including Ethereum [ETH], Tether [USDT], and USD Coin [USDC].  The Federal Bureau of Investigation (FBI) later confirmed

2023-09-16Industriya
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