Bitcoin Soars $28,000 After US Debt Ceiling Lift Ready To Vote

Bitcoins weekly situation update showed positive signs, with the price surpassing the $28,000 threshold after the agreement to raise the debt ceiling was announced and voted on.  After seeing the positive news from the US debt ceiling lifting and, like the market comments from the previous article, BTC recovered when it touched the support area at $25,800 and retested the $27,000 and $28,200 areas.  Currently, in the H4 time frame, the price is close to the strong resistance area combined with the indicators that are located in the overbought area. BTC may correct slightly here. However, on the weekly time frames, the price has appeared strong reversal confirmation candles and is likely to retest the $30,000 – $31,000 area.  BTC price in the weekly frame. Source: TradingView  On May 28, according to local time, US President Biden said in a speech that he had reached a final agreement with House Speaker McCarthy on raising the debt ceiling and called on Congress to approve the agreement as soon as possible.  Biden said that reaching a debt ceiling agreement was an important step forward: “This agreement averted the worst of the crisis” and “eliminated the risk of catastrophic default.” He strongly urged the House of Representatives and

2023-05-29Bitcoin

Investors Show Confidence In Collateral Network (COLT) As Ethereum (ETH) And Ripple (XRP) Price Decline

Ethereum  Nagpapakita ng Kumpiyansa ang mga Investor sa Collateral Network (COLT) Habang Bumababa ang Presyo ng Ethereum (ETH) At Ripple (XRP)  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  If you are looking for a booming crypto project, you should invest in Collateral Network (COLT) without any delay, as its presale is selling out fast. Collateral Network is expected to explode by 100x in 2023, surpassing the market biggies like Ethereum (ETH) and Ripple (XRP). Read on to know more.  BUMILI NG COLT TOKENS NGAYON  Ethereums (ETH) Gas Fees Spiked  The Ethereum network recently hit the headlines after its transaction count and gas fees spiked significantly. Etherscans data shows that the average transaction cost on the Ethereum network surged to a high of 155.8 gwei on May 5 from a low of 9.07 gwei in October, where 100 gwei cost around $3.74.  Increased transactions on the Ethereum network have also made validators earn more. According to market analysts, the key reason behind Ethereums soaring gas fees is the rising hype around meme coins like Sponge (SPONGE) and Pepe (PEPE).  However, experts are concerned that the rising gas fees of the Ethereum network can prompt many developers to switch to other scalable networks like Cardano. The price of Ethereum

2023-05-29Ethereum

Heres What Next For Bitcoin & Ethereum Price This Week - Expert Reveals Critical Price Levels

Bitcoin Ethereum  Narito ang Susunod Para sa Presyo ng Bitcoin at Ethereum Ngayong Linggo – Inihayag ng Eksperto ang Mga Kritikal na Antas ng Presyo  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Crypto enthusiasts are eagerly watching Ethereum (ETH) and Bitcoin (BTC) as a top analyst, Justin Bennett, shares valuable insights on their current status.  Ethereum at $1,890 next week?  According to Bennett in his recent tiririt, Ethereum is at a critical point of around $1,835. This level controls ETH‘s next move. Will it rise above $1,890 next week? Will they resist? Ethereum is currently valued at $1,831, below Bennett’s important threshold. However, breaking above $1,835 might push Ethereum to $1,890 in the coming week, while resistance could spell a struggle.  Ethereums price is currently at $1,831, close to this critical level.  Pagsusuri ng Presyo ng Bitcoin  In relation to this, Bennett highlights the importance of Bitcoin‘s performance in today’s close in his recent Daily Price Action newsletter. It‘s all getting heated as Bulls are striving to reclaim the $26,500-$26,700 range and the daily close will provide crucial insights into the market’s direction. The crypto community eagerly awaits the outcome.  Notably, Bitcoins recent close below $26,500 which happened first time since mid-march, a support level held for months,

2023-05-28Ethereum

This Pundit Believes Ethereums Price Could Tap $450,000 In the Next 2 Decades — Heres Why ⋆ ZyCrypto

Ethereum  Ang Pundit na Ito ay Naniniwala na Ang Presyo ng Ethereum ay Maaaring Mag-tap ng $450,000 Sa Susunod na 2 Dekada — Narito Kung Bakit ⋆ ZyCrypto  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  As Ethereum continues to waver amid a broader downturn in the crypto market, one pundit has ignited a fervent debate with a bold prediction regarding the second-largest crypto asset.  Adam Cochran, a partner at activist venture capital firm CEHV, took to Twitter on Saturday to present a compelling case for the possibility of Ethereums price surging to over $450,000 within the next two decades.  Cochran‘s argument began by urging individuals to view Ethereum not as a typical company but as an innovative blockchain-based infrastructure surpassing traditional models’ constraints. To counter those who expressed skepticism regarding the feasibility of a 20-fold increase in ETH, he drew comparisons between Ethereums market value and that of technology giants such as Apple and Amazon.  At the core of Cochran‘s analysis was the immense volume of securities processed, an astonishing $2.5 quadrillion in the previous year alone. The pundit noted that if these securities were handled on the Ethereum blockchain, accompanied by a minimal 0.05% gas fee, it would result in the annual burning of

2023-05-28Ethereum

ETH’s Mean Block Size Reached A 1-Month High: On-Chain Data

Ethereum  ETHs Mean Block Size Reached A 1-Month High: On-Chain Data  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Glassnode announced in a tweet this morning that Ethereums Mean Block Size has reached a new 1-month high.  At press time, the leading altcoin was worth about $1,847.37 after a 0.96% price increase.  Over the past 2 days, ETHs price had flipped the resistance levels at $1,816.5 and $1,842.6 into support.  The on-chain analysis platform, Glassnode, recently shared on Twitter that the mean block size of Ethereum (ETH) has reached a new 1-month high, measuring 121,439.928. This surpassed the previous high of 121,327.386, which was observed on 27 May 2023.  ETH mean block size (Source: glassnode)  The block size refers to the amount of data or transactions included in a single block of the blockchain. This increase indicates a larger average data volume in recent blocks, potentially improving network capacity and transaction throughput.  Meanwhile, at press time, CoinMarketCap indicated that ETH was trading hands at $1,847.37 after a 0.96% price increase over the past 24 hours. As a result, ETH was trading closer to its daily high of $1,859.79 than its 24-hour low of $1,817.49.  However, the leading altcoin‘s positive performance was not enough for it to strengthen against its biggest

2023-05-28Ethereum

Jimbos Protocol Falls Victim to Attack, Losing $7.5 Million Worth of ETH

Ang PeckShield, isang kilalang kumpanya ng seguridad ng blockchain, ay iniugnay ang hack sa isang kahinaan sa mekanismo ng pagkontrol ng slippage ng protocol, na nagpapahintulot sa mga umaatake na samantalahin ang mga hindi balanseng hanay ng presyo para sa kanilang pinansyal na pakinabang.  Ang Jimbos Protocol, na binuo sa network ng Arbitrum, ay malawak na kilala para sa pagpapadali ng desentralisadong probisyon ng pagkatubig at pagpapagana ng mahusay na pagpapalit ng token. Gayunpaman, ang mga kakulangan sa seguridad nito ay pinagsamantalahan ng mga malisyosong aktor, na humahantong sa makabuluhang pag-urong sa pananalapi na ito.  Inimbestigahan ng PeckShield ang insidente at natukoy ang ugat ng pag-atake. Ayon sa kanilang mga natuklasan, ang kakulangan ng protocol ng slippage control sa liquidity-shifting operations ay nagpapahintulot sa mga attacker na manipulahin ang hanay ng presyo, at sa gayon ay kumikita mula sa isang reverse swap. Ang kahinaan na ito ay nagbigay-daan sa kanila na mag-siphon ng malaking halaga ng ETH mula sa mga reserbang liquidity ng protocol.  Ang pag-atake ay nagsisilbing matinding paalala ng kahalagahan ng matatag na mga hakbang sa seguridad sa decentralized finance (DeFi) ecosystem. Bagamat nag-aalok ang mga DeFi protocol ng maraming benepisyo tulad ng mas mataas na accessibility at pinansiyal na soberanya,

2023-05-28Ethereum

Bitcoin (BTC) and Ethereum (ETH) Fees Plummet As Speculative Frenzy Cools, According to Crypto Analytics Firm

A prominent crypto analytics firm says that Bitcoin (BTC) and Ethereum (ETH) fees are plummeting as the speculative frenzy around digital assets loses steam.  New data from market intelligence platform IntoTheBlock reveals that the total fees associated with the crypto king and the leading smart contract platform have dropped 32% and 24.4% this week, respectively.  Pinagmulan: IntoTheBlock Twitter  Sa TheTheBlock din mga tala that whale activity centered around the top altcoin has kicked into high gear as deep-pocketed ETH investors now hold about 3.5 million more tokens than they did earlier in 2023.  Pinagmulan: IntoTheBlock Twitter  Moving on to the top crypto asset by market cap, the analytics firm finds that BTC and stocks are increasingly nagpapakita a lack of correlation or negative correlation, which could mean that fresh capital is on its way to Bitcoin.  Pinagmulan: IntoTheBlock Twitter  Bitcoin is trading for $26,791 at time of writing, a 0.94% increase during the last 24 hours while Ethereum is moving for $1,833, a 1% increase in the last day.

2023-05-28Ethereum

Ang Mga Antas ng Pagkakakitaan Ng Mga May hawak ay Nagpapakita Na Ang Meme Coin na Ito Ang Pinakamahusay na Pamumuhunan

Ang kakayahang kumita ng DOGE ay nananatiling pinakamataas sa lahat ng meme coins | Pinagmulan: IntoTheBlock  Sa kaibahan nito, 16% lamang ng mga may hawak ng Shiba Inu at Dogelon Mars ang nakakakita ng anumang tubo sa kasalukuyang mga presyo. Ang agwat sa pagitan ng mga nasa tubo at mga nalulugi ay nananatiling ligaw na may 81% ng mga may hawak ng SHIB sa pagkalugi at 83% ng mga may hawak ng ELON sa pagkalugi.  Si Floki Inu ay nakapagsagawa ng mas masahol pa sa bagay na ito. Ang mga may hawak ng meme coin ay mas malala sa listahan na may 14% lamang sa berde. Gayunpaman, ang mga may hawak na natalo ay lumabas na mas mababa kaysa sa mga may hawak ng SHIB at ELON kung saan 78% ng mga may hawak ng FLOKI ang nakakakita ng mga pagkalugi. Ang natitirang mga mamumuhunan, 8%, ay nakaupo sa neutral na teritoryo.

2023-05-27Industriya

Coinone Former Executive Jeon Pleads Guilty to Bribery Charge

Balita ng Ethereum ng Bitcoin  Cryptocurrency Exchange Coinones executive Jeon is accused of receiving approximately 2 billion in Korean currency. It is claimed that a bribe was taken to list cryptocurrencies on the exchange that were prone to market manipulation.  According to the attorney, many tokens involved in the scandal had direct or indirect connections with organizations hired to manipulate the price. As per data, the digital currency involved in the scheme were Puriever and Pica Coin.  Earlier on March 22 this year, Police officials detained Jeon, and a lawsuit against him was heard in the Seoul Southern District Court.  The subsequent trial date for four defendants has been scheduled for June 15, 2023.  A regional media outlet reported that more than 45 coins were involved in this illegal scheme, constituting around 25% of Coinone-listed tokens. The incident could have a serious impact on investor sentiments. Illicit schemes have birthed doubts among investors regarding the industry and the markets integrity.  Data verified by local media outlets reveals that the cryptocurrency market of South Korea is valued at 19 trillion Won, which is almost equivalent to $19.3 billion in U.S. currency.  After the Coinone scandal, Korean attorneys have been working to trace more illegal activities from native cryptocurrency

2023-05-27Industriya

News – Litecoin(LTC) Faces Tough Competition, But Uwerx(WERX) Can Outrun All – Cryptopolitan

Balita ng Ethereum ng Bitcoin  Paglalarawan ng Meta: The fiercely competitive crypto market now presents a distinctive challenge for Litecoin. However, Uwerx includes many groundbreaking features to outshine the competitors.  One of the top altcoins to suffer severe dips is Litecoin (LTC), which is still trying to recover the losses. And it now faces fierce competition from new cryptos like DigiToads with distinctive models. Market analysis even predicts the further downfall of LTC as users are increasingly choosing DigiToads.  LTC still occupies a large portion of the cryptocurrency space by its market cap and trading volume. However, the crypto-based freelancing platform, Uwerx, has more potential to outrun others.  Litecoin has seen a depletion in market caps and consolidated market values with crushing numbers. But DigiToads achieved mass adoption by investors and traders as opposed to Litecoin. A recent market analysis revealed rapid moves of LTC users to DigiToads, presenting stiff competition.  DigiToads is slightly different from top altcoins, focusing on its gaming ecosystem. Interesting game setups, exclusive NFT staking, and high rewards attracted many investors, initiating a trending topic.  The innovative model of DigiToads is yet to replace LTC, as Litecoin still holds a dominating share. But consolidating prices and diminishing market caps seem to affect

2023-05-27Industriya
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