Pinakabagong Balita sa Crypto at Market Updates

dYdX Reveals Launch Date for Move From Ethereum to Cosmos

dYdX announced the launch of its V4 private testnet this Tuesday, taking a significant step that will see the decentralized derivatives exchange () leave .　　By the end of September, the platform will be fully running on .　　The network allows developer teams to spin up their own native blockchains using the Cosmos Software Development Kit (SDK) according to their own preferences. Though distinct, each independent Cosmos-based blockchain can interact with one another.　　The private testnet for dYdX is set to launch this Tuesday and run for two to three weeks. After that, a public testnet will be launched by the end of July.　　The platform cited the lack of scalability on Ethereum as the main reason for the move.　　“We reached a point where Ethereum couldn‘t process the transactions fast enough,” dYdX’s marketing lead Nathan Cha told I-decrypt at this years Paris Blockchain Week.　　This is the second project to announce its migration from Ethereum to Cosmos. is also making the same move after the project acquired the Cosmos-based trading platform Vortex Protocol last month.　　The teams explored various options, including Solana and layer-2 solutions. “We came to the conclusion that Cosmos was the better option because we can customize the blockchain to our needs,” said

2023-03-29Ethereum

How Can Ethereum Account Abstraction Improve the Network’s Performance and Scalability? – Cryptopolitan

Ethereum　　How Can Ethereum Account Abstraction Improve the Networks Performance and Scalability？ – Cryptopolitan　　Balita ng Ethereum ng Bitcoin　　The Ethereum network is a decentralized, open-source blockchain network that is widely used for the development of decentralized applications (DApps). These DApps are powered by smart contracts that have plenty of use cases in industries like real estate, automotive, supply chain, education, art, music, and more. But how about Ethereum account abstraction？　　The Ethereum network has seen tremendous growth over the years and the number of DApps on the network continues to increase. Today, developers are constantly looking for ways to improve the networks performance and scalability. Account abstraction is one of the most notable updates on the Ethereum network recently. This guide will clarify the concept and its importance to the crypto space in detail.　　An average trader does not necessarily need to know the technical details of account abstraction. But we will try to explain everything in layman‘s terms. Previously, smart contracts on the Ethereum network were executable via a model known as the account model. In this model, a smart contract gets associated with a user account, which contains some balance. To interact with the smart contract, the user needs to send a

2023-03-28Ethereum

Ethereum Supply On Exchanges Plunges To New All-Time Lows

Ethereum　　Ang Supply ng Ethereum Sa Mga Palitan ay Bumaba sa Bagong All-Time Lows　　Balita ng Ethereum ng Bitcoin　　Ethereum supply on exchanges has continued to go down recently and has now touched a value of 10.3%, effectively a new all-time low.　　Just 10.3% Of The Total Ethereum Supply Is Now Being Kept On Exchanges　　Ayon sa data mula sa on-chain analytics firm Santiment, the current ETH supply on exchanges is the lowest since the week the cryptocurrency was introduced almost eight years ago.　　The “supply on exchanges” is an indicator that measures the percentage of the total Ethereum supply thats currently being stored in the wallets of all centralized exchanges.　　When the value of this metric goes down, it means some coins are being taken out of these platforms right now. Such a trend, when prolonged, may prove to be bullish for the assets price as it can be a sign that accumulation is going on in the market.　　On the other hand, the metrics value trending up implies investors are depositing their ETH to exchanges currently. As one of the main reasons why holders transfer to these platforms is for selling-related purposes, this kind of trend can have a bearish effect on the value of the

2023-03-28Ethereum

Cardano’s Hoskinson lauds Polygons zkEVM launch despite previous criticism of Ethereum

Ethereum　　Cardano‘s Hoskinson lauds Polygon’s zkEVM launch despite previous criticism of Ethereum　　Cardano (ADA) founder Charles Hoskinson congratulated the Polygon (MATIC) community for launching its zero-knowledge Ethereum (ETH) Virtual Machine (zkEVM) beta on March 27.　　Hoskinson sinabi innovations like this are great for the crypto industry, quoting a tweet from Polygon co-founder Sandeep Nailwal about Vitalik Buetrins landmark transaction on the network.　　Polygons zkEVM　　Polygons zkEVM is a blockchain network that would enable faster and cheaper transactions. The Zero Knowledge (ZK) rollup would allow several transactions to be batched off-chain and executed on Ethereum‘s mainnet.　　The scaling solution is widely considered the gold standard for Ethereum scaling, and one of its major proponents is Vitalik Buterin.　　Fittingly, the first transaction on Polygons zkEVM mainnet beta was performed by Buterin — Nailwal inilarawan the gesture as “symbolic.”　　The Ethereum co-founder set the gas fee for the transaction to 69,042 — a cheeky reference to the 69 and 420 meme numbers. He also added an on-chain message which reads:　　“Millions of constraints for man, unconstrained scalability for mankind.”　　Polygon said its zkEVM would be open-source so that other developers can study it and encourage further development.　　Polygon warned that the zkEVM is still in the testing stage, adding that users should exercise caution

2023-03-28Ethereum

90% of Ethereum now in self-custody as supply on exchanges hits lowest level since 2015

Ethereum　　90% of Ethereum now in self-custody as supply on exchanges hits lowest level since 2015　　Balita ng Ethereum ng Bitcoin　　Ethereum (ETH), the world‘s second-largest cryptocurrency by market capitalization, continues to undergo a supply reduction as the latest Shanghai upgrade progresses. Notably, the digital asset’s total supply had dropped by over 66,000 ETH since the start of 2023, making it deflationary.　　Currently, there is just 10.31% of existing ETH on exchanges, which is the lowest level since July 2015, as per the latest data from on-chain analytics provider shared on March 28. Almost 90% of Ethereum is now off exchanges as regulators continue to struggle to classify ETH as a security or commodity.　　Indeed, Ethereums percentage of supply has now hit its lowest level since its genesis, with the amount of ETH now being held in self-custody and away from exchanges at the highest level since the week the token was introduced nearly 8 years ago.　　“This essential all-time low ratio of ETH on exchanges (10.31%) indicates confidence from hodlers.”　　ETH self-custody rises amid market uncertainty　　The rise in self-custody of Ethereum is due to a growing trend among investors to hold their tokens in personal wallets instead of leaving them on crypto exchanges. This shift in

2023-03-28Ethereum

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit – Bitcoin News

Bitcoin Ethereum　　Naranasan ng Binance ang Makabuluhang BTC, ETH, at Stablecoin Withdrawals Kasunod ng CFTC Lawsuit – Bitcoin News　　9 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the past day, according to Coinglass metrics.　　3,655 Bitcoin Withdrawn From Binance in 24 Hours　　On Monday, March 27, 2023, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance and CEO Changpeng Zhao (CZ), alleging the exchange had violated specific trading and derivatives rules. The CFTC is seeking disgorgement and monetary penalties, as well as a ban on future registrations. Following the news, Binance experienced a Malaking numero of withdrawals, and some observers noted “large onchain movements prior” to the exchanges troubles with the CFTC.　　“A few hours before the Binance CFTC Indictment, there were large stablecoin withdrawals across centralized exchanges, totaling almost $1.5B in just 12 hours. Notably, Binance itself saw an $850M outflow,” analysts from ‘An Ape’s Prologue ipinaliwanag. “Just one hour after

2023-03-28Industriya

Bidens policy on crypto taxation undermines his environmental goals

crypto　　Bidens policy on crypto taxation undermines his environmental goals　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.　　The Internal Revenue Service appears strongly inclined to treat staking gains as immediate income. The penalties for getting sideways with the IRS can be draconian. And taxing, or threatening to tax, staking gains is bad policy — and, , bad politics.　　There are many excellent reasons not to treat staking gains in and of themselves as taxable events. The best reason is to put the IRS back in line with White House environmental policy to fight climate change.　　If the IRS won‘t administratively comply with the Biden administration’s clearly stated marquee policy, its time for Congress to clarify the law and prohibit the taxing of unrealized gains.　　Deferring gains until sale merely defers receipt of taxes by the Treasury. It doesnt cost the government even one thin satoshi. So, ？　　Crypto is legitimately subject to taxes in many ways. Youll pay taxes when you sell

2023-03-28Industriya

Comparing The Performance Of Blue Chip NFTs To Top Cryptocurrencies

Teknolohiya　　Comparing The Performance Of Blue Chip NFTs To Top Cryptocurrencies　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　It‘s no secret that the bear market has affected every section of the crypto industry. The onslaught has seen both top cryptocurrencies and NFTs decline drastically from their 2021 all-time highs, and are now trading for a small percentage of this value. However, some have performed better compared to others. In this report, we’ll take a look at both the top NFTs (Blue Chips) and the top cryptocurrencies by market cap and see how well they have performed compared to one another.　　Blue Chip NFTs Vs. Top Cryptocurrencies　　When talking about blue-chip NFTs, theyre quite easy to spot. These are the NFTs that have been able to reach a high value and were able to maintain their value without wild fluctuations. In a way, they tend to work like the top 10 cryptocurrencies that have had a better chance at holding their value.　　Now, when looking at blue chips like Bored Ape Yacht Club (BAYC) and Cryptopunks, they have dumped a lot from their peak. For example, BAYC is currently trading at $103,000 after peaking above $460,000, representing a 77% drop from its all-time high. Similarly, the

2023-03-28Industriya

All You Need To Know About eNaira: The Nigerian Digital Currency

Kabuhayan　　All You Need To Know About eNaira: The Nigerian Digital Currency　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Central Bank of Nigeria (CBN) launched its official digital currency on October 25th, 2021. The currency called eNaira, was developed by Bitt, a fintech company based in the Caribbean. At its launch in the State House in Abuja, the Central Bank governor announced that 500 million eNaira ($1.21 million) had already been minted. They also developed an app called the “eNaira Speed App” for citizens to trade with the new currency.　　eNaira: A New Alternative by CBN　　eNaira is backed by the government and utilizes the blockchain, open ledger technology, to prevent counterfeiting. The introduction of eNaira will enable peer-to-peer transactions. Unlike Bitcoin, this digital currency is supported by the Nigerian government and is pegged to Naira, the traditional or fiat currency of Nigeria. Thus, any fluctuations in the crypto market will not affect its value.　　The digital currency will help citizens to easily process digital transactions, reducing the need for physical currency notes. The eNaira wallet is needed to access, use and hold the currency. It is a digital storage that holds eNaira and can be used to exchange eNaira for other Central Bank

2023-03-28Industriya

CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

Ethereum　　CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification　　24 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The United States Commodity Futures Trading Commission (CFTC) filed suit against Binance on March 27 for violations of the Commodities Exchange Act and CFTC regulations. Those violations included transactions with Ether (ETH), according to the suit. This claim, at first glance, touched on a notable point of contention between the CFTC and the Securities and Exchange Commission (SEC).　　The CFTC claimed in its suit that Binance engaged in transactions with “digital assets that are commodities including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) for persons in the United States.” That was not a new position for the agency. The CFTC claimed ETH was a commodity in its suit against FTX in December and chair Rostin Behnam stated his opinion that ETH and stablecoins were commodities as recently as March 8 in a Senate hearing.　　The CFTC position on ETH was fairly uncontroversial before the Ethereum Merge; after Ethereum moved to a proof-of-stake consensus mechanism, SEC chair Gary Gensler commented on staking coins that “From the coin‘s perspective […] That’s another indicia that under the Howey test, the investing public is anticipating profits based

2023-03-28Ethereum

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