Pinakabagong Balita sa Crypto at Market Updates

Analyzing Ethereum Post-Shapella Upgrade: Nansen

In the lead-up to the last months Shapella upgrades, many crypto pundits speculated that activating staked Ether withdrawals could drag the price of the native asset down.　　But the latest data suggest that the selling pressure on ETH post-withdrawal “has been somewhat of a non-event.” This is backed by the fact that deposits have almost matched the amount of ETH coming into circulation.　　State of Ethereum: Post Shapella　　The Shapella implementation was crucial as it enabled the withdrawals of staked ETH from the Beacon Chain for the very first time. However, the event also ignited concerns about the unstaked ETH entering circulation potentially leading to sustained selling pressure. The bullish outlook, on the other hand, argued the risk of being unable to withdraw is eliminated, resulting in more deposits.　　According to Nansens recent report that analyzed the state of Ethereum post-Shapella, it was observed that the elimination of unstaking risks has thus far offset selling pressure from withdrawals. To top that, a significant proportion of the ETH withdrawn is likely not intended for selling.　　The report stated that the upgrade had a net zero impact on ETH staked.　　“There are 19.3M ETH, including rewards, on the Beacon Chain today, equivalent to the amount of ETH on

2023-05-14Ethereum

Tether Generated $1.5B in Profits in Q1, 2023, Holds 2% Bitcoin in Total Reserves

Amid the banking turmoil in the United States, Tether (USDT) emerged as the preferred stablecoin.　　The resurgence was evident in its latest attestation report, which revealed that the stablecoin issuer recorded a net profit of nearly $1.5 billion in the first quarter of 2023.　　According to the official statement, Tethers excess reserves reached an all-time high of $2.44 billion in Q1, as compared to $960 million at the end of Q4 2022.　　The stablecoin ended the first quarter of the year with $81.8 billion in consolidated total assets, while its consolidated total liabilities stood near $79.4 billion.　　Tethers reserves included additional categories such as bitcoin, physical gold, overnight repo, and corporate bond allocations. Its Bitcoin holdings were recorded to be $1.5 billion, while that of precious metals accounted for $3.3 billion.　　85% of the stablecoin issuers investments are being held in cash, cash equivalents, and other short-term deposits. Gold and bitcoin represent approximately 4% and 2% of the total reserves, respectively,　　Tether said it is doubling down its focus on limiting its reliance on pure bank deposits as a source of liquidity and “instead leverages the Repo market as an additional measure to ensure higher standards of protection for its users by maintaining the required liquidity.”　　Commenting

2023-05-14Bitcoin

Why Self Custody and Mining Protection Are Paramount – Cryptopolitan

Bitcoin mining, one of the crucial activities in the cryptocurrency space, has recently come under scrutiny from various quarters. Some countries have expressed concerns about the amount of electricity consumed in the process, leading to discrimination against Bitcoin mining facilities. However, several crypto experts have argued that BTC mining could bring more good than harm if given the essential resources. In this article, we will discuss the importance of self-custody in protecting Bitcoin mining and explore the arguments for and against BTC mining.　　Ryan Selkis, the CEO of Messari, recently stated that self-custody is crucial to protecting Bitcoin mining. Self-custody refers to the practice of holding and managing ones private keys instead of relying on third-party custody services. This is important because it gives Bitcoin holders full control over their funds and reduces the risk of theft or loss. With self-custody, Bitcoin mining facilities can secure their earnings and protect themselves from malicious actors.　　However, self-custody can also be challenging for those who are not technically savvy or lack experience in managing their private keys. This is why it is crucial to educate Bitcoin holders and mining facilities about self-custody best practices and provide them with the necessary tools and resources to

2023-05-14Industriya

PEPE Shoots Up 20% Daily, Bitcoin Flat at $27K (Weekend Watch)

Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still.　　The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310.　　Nananatiling Flat ang Bitcoin　　The past several days didnt go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after the US CPI numbers came out for April.　　Although BTC went on the offensive first, it reversed its trajectory almost immediately and dumped hard by almost $2,000 to a multi-week low of $26,600 (on Bitstamp).　　The bulls tried to intercept the price slump and pushed the cryptocurrency back up to $28,000. However, another rejection followed that drove it back down to $27,000. As the weekend approached, BTC nosedived once again to under $26,000 for the first time in two months.　　Nevertheless, it managed to bounce off and even challenge $27,000 in the past 24 hours but to no avail so far. As of now, the asset trades inches away from that level, but its market cap has gone back up to $520 billion. Its dominance over the alts is also flat on a daily scale at

2023-05-14Industriya

Ethereum developers address finality issues in Beacon Chain – Cryptopolitan

The Ethereum network has faced transaction finality challenges twice in the past week, with the Beacon chain experiencing difficulties finalizing blocks on May 11 and May 12, 2023. The first incident lasted for 25 minutes, while the second persisted for over an hour. The exact cause remains uncertain, but potential complications related to staking clients and MEV glitches have been speculated.　　Despite the setbacks, Superphiz, an Ethereum developer and Beacon Chain community health consultant, reassured that the repercussions were minimal. He said, “No transactions were halted. The network continued as expected. While the chain did not halt, finalization wasnt reached. This had zero impact on chain activity.”　　Ethereum developers have released software updates to address the recent finality issues that affected the Beacon chain, restoring stability to the network. The patches have been implemented for Ethereum clients Prysm and Teku, allowing them to update their systems. Although end users did not experience any transaction issues, the Ethereum Foundation highlighted the importance of client diversity in maintaining a robust network.　　The Ethereum Foundation is still investigating the full cause of the finality issues but has kilala that they were likely caused by a high load on some consensus layer clients due to an exceptional

2023-05-14Ethereum

Baby Doge Gets Excited to Unveil No Transaction Fees on ETH Network

Baby Doge will be traded with 0% transaction fees on the ETH network soon.　　As the report says, 85 quadrillion tokens will be left once a cent quadrillion gets burnt.　　Baby Doge, a meme coin, has now opted to vote for zero transaction fees on ETH along with a cent quadrillion token burn lately over the last week. As per Baby Doges recent tweet, it is said that sooner 0% trade on ETH will be incorporated.　　Moreover, this would probably boost security with improved project integrity. The panukala was given last Saturday in order to strengthen the securities with innovative solutions.　　Baby Doges Proposal Response　　The crypto community has now voted to support Baby Doge for the 0% transaction fees and a massive token burn over the snapshot website. Meanwhile, the Baby Doge team is set to draft an official proposal to the Decentralized Autonomous Organization (DAO) as per the overwhelming response from the voters.　　To consider, this Baby Doge is trying to build a seamless and cost-effective experience for the ecosystem. However, this would prolong the exploration of the BNB chain relying upon the ETH initiation. Considerably, the burn is supposed to happen on June 1 whereas 85 quadrillion Baby Doge tokens will be in

2023-05-14Ethereum

Japanese NexTech Show Starring Web3.0

Web3 is strongly supported by the Japanese Government as the future of the country.　　NexTechWeek 2023, held in Tokyo, Japan from May 10 to 12 this month.　　‘Feel-good’ ideology backed with Pegasus World Kit lets Avatar get into action.　　Web3 and its strategies have taken all the brain space of Japan‘s Prime Minister, Fumio Kishida. The government of Japan comes up as the strong support pillar of Web3. AI, DX human resource development, Quantum computing, and blockchain are the key pointers of NexTech Week dated from May 10 to 12 in 2023. Big companies like Fujitsu and Mitsubishi are backing it with its upgrades. Government Heads believe Web3 is the country’s future. The Japanese government appears to think differently than what others think.　　Auto-Learning Avatars will be a core of this space series. It will gather user information to deliver a customized and ‘feel-good’ metaverse experience. Moreover, these game-based experiences will be backed by the Pegasus World Kit. This kit would have everything to enable that avatar to be your own kind. The Japanese consortium will build a metaverse economic zone where avatars can authorize digital payments to ease out recognition and payment methods while encouraging coaction in the metaverse space through Multi-Magic Passport

2023-05-13Industriya

MATIC bounces from $0.82 but rejection can be expected at...

Disclaimer: Ang impormasyong ipinakita ay hindi bumubuo sa pananalapi, pamumuhunan, pangangalakal, o iba pang uri ng payo at opinyon lamang ng manunulat.　　MATIC saw another leg down on the price charts after the bulls failure to defend the critical support at $0.95. This zone had a confluence of technical and longer-term horizontal levels of support but the bears were too strong.　　Green ba ang iyong portfolio？ Suriin ang Polygon Profit Calculator　　With Bitcoin beneath the $27.8k mark as well, it was likely that more losses could follow after a minor bounce in prices over the weekend. MATIC saw some respite at the $0.82 support over the past 24 hours.　　A breaker block just above an imbalance meant bulls were at a steep disadvantage　　Pinagmulan: MATIC / USDT sa TradingView　　The charts above highlighted the former bullish order block at the $0.94-$1 area in red. This area acted as a support zone in late April, but the bulls eventually succumbed. Hence, the bullish OB was flipped to a bearish breaker.　　Moreover, the charts showed the presence of a fairly large imbalance created on 8 May. This FVG stretched from $0.9 to $0.93, and could attract MATIC to it before sending prices lower.　　Combined with the breaker block above, it

2023-05-13Industriya

Pagsusuri ng Presyo ng Bitcoin (BTC) para sa Mayo 13

The weekend has started with neutral mode on the cryptocurrency market.　　Nangungunang mga barya ni CoinMarketCap　　BTC / USD　　Ang rate ng Bitcoin (BTC) ay tumaas ng 1.53% sa nakalipas na 24 na oras.　　On the hourly chart, Bitcoin (BTC) is trading in the middle of the narrow channel between the support at $26,710 and the resistance at $26,994.　　If the daily candle closes above the interim mark of $26,900, the accumulated strength may be enough for a continued rise to the $27,000 zone.　　On the bigger time frame, the rate of Bitcoin (BTC) has made a false breakout of the $26,541 level. However, sellers pressure remains relevant as the price could not return above the $27,000 area. If buyers cannot do that shortly, the decline may continue to $26,000 and below.　　From the midterm point of view, traders should pay attention to the bar closure. If it happens far from the level at $26,541, there is a chance to see a bounce back to the $27,000-$28,000 zone by the end of the month.　　Ang Bitcoin ay nakikipagkalakalan sa $ 26,887 sa oras ng pagpindot.

2023-05-13Industriya

Crypto Hiring: Elon Musk Hires New Twitter CEO, Silvergate Lays Off 230 Employees

Back in December, Elon Musk put his job as Chief Twit up to a vote on Twitter, and 57.5% of users told him to resign. Since then, many have speculated about who will be the next CEO of the embattled social media platform.　　Now we have the answer. Linda Yaccarino will be the new CEO of Twitter, Musk confirmed Friday on Twitter.　　Yaccarino was the chair of global advertising and partnerships at NBCUniversal and left the company Friday effectively immediately to engage in talks to become the head of Twitter, the Wall Street Journal reported Friday before Musk made the announcement.　　Yaccarino, according to Musk, will be starting in the role in about six weeks and will “focus primarily on business operations.” Musk will step in as CTO and will spend his time on “product design” and “new technology.”　　Nasasabik akong tanggapin si Linda Yaccarino bilang bagong CEO ng Twitter!@LindaYacc ay pangunahing tututuon sa mga pagpapatakbo ng negosyo, habang ako ay tumutuon sa disenyo ng produkto at bagong teknolohiya.　　Inaasahan ang pakikipagtulungan kay Linda upang gawing X ang platform na ito, ang everything app　　- Elon Musk (@elonmusk) Mayo 12, 2023　　Because Musk hinted that the new hire would be female, it fueled speculation that Meta Chief

2023-05-13Industriya

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