Pinakabagong Balita sa Crypto at Market Updates

Ethereum Warming up for New Bull Run as 60 Whales with More Than 10k ETH Join Network - BitcoinEthereumNews.com

Ethereum is Warming up for New Bull Run.　　The Ethereum network is experiencing an influx of whales, a phenomenon that has preceded bull runs for the asset in the past. Data mula sa Santiment shows that the price of the second-largest cryptocurrency by market cap is correlated with the number of whales holding 10,000 or more ETH.　　#Ethereum price is correlated with the # of whales with over 10K $ ETH.　　When whales began accumulating in Sept‘20, $ ETH rose by 1,300%. When they started offloading in May’21, ETH fell by 62%.　　60 whales have joined the network since Feb22, signaling the start of a new bull run. pic.twitter.com/4qj9XBUH07　　- Ali Martinez (@ali_charts) Abril 20, 2022　　An example is September 2020 when such major whales started accumulating ETH and the price increased by 1,300%. This was followed by a sell-off from the same category of ETH holders in May 2021 which caused the price to drop by 62%. The data confirms that the Ethereum network does depend on whales for the price of ETH to grow, just like any other network.　　60 whales join the Ethereum network 　　As ETH price is correlated with the number of whales holding 10,000 ETH or more, an increase in the number

2022-04-21Ethereum

Crypto Exchange Okcoin Launches a Free Trading NFT Marketplace

To tap into the non-fungible token (NFT) craze, crypto exchange Okcoin has established a marketplace that will attract no transaction fees. 　　The free trading NFT marketplace is expected to offer creators significant agency when selling their work since royalty rates range from 0-10% in other marketplaces.　　Hong Fang, Okcoins CEO, acknowledged:　　“Were launching a free market for NFTs where prices and profits will be determined by supply and demand, more so than anywhere else. Web3 is about restoring economic power to the people.”　　The San-Francisco-based crypto exchange will offer NFTs from famous collections like Crypto Punks, the Bored Ape Yacht Club (BAYC), Boss Beauties, and World of Women. 　　To adhere to the “crypto for all” objective, the marketplace will also showcase collections from previously marginalised creators in the traditional finance and tech innovation fields. 　　Fang noted:　　“In the same way that blockchain technology empowers financial freedom with cryptocurrency, it empowers creators with NFTs.”　　Minting of NFTs usually takes place on Binance, OKC, Polygon, and Ethereum blockchains. Therefore, users will have the chance to link external wallets like MetaMask, enabling them to trade NFTs.　　Randi Zuckerberg, Okcoins brand advisor, sees the marketplace as a stepping stone towards making crypto more accessible. He added:　　“Making NFTs more inclusive is

2022-04-21Malalim na Pagsisid

KuCoin Rolls Out $100m Creators Fund to Accelerate Web3 Growth, Empowering Early-Stage NFT Projects

Crypto exchange KuCoin has announced a $100 million “Creators Fund” to enhance the Web3 ecosystem and support early-stage non-fungible token (NFT) projects in sports, arts, GameFi, and celebrities, among others.　　Through its NFT marketplace, Windvane, and venture capital arm, KuCoin Ventures, the crypto exchange sees the fund as a stepping stone towards penetrating the booming non-fungible token space. 　　Johnny Lyu, KuCoins CEO, acknowledged:　　“At the current stage of KuCoins comprehensive and in-depth expansion of the Web 3.0 and NFT fields and deepening the KuCoin ecosystem, the launch of a $100 million ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process.”　　The fund intends to assist young creators and artists showcase their talents to the public through a decentralized, free, democratic, and open NFT marketplace.　　Lyu added:　　“The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure. KuCoin NFT Marketplace – Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.”　　With Web3 being a blockchain-powered iteration of the World Wide Web, concepts like token-based economics and decentralization are expected to be

2022-04-21Malalim na Pagsisid

Is Ethereum Getting Ready for a New Bull Run? - BitcoinEthereumNews.com

Ang pangalawang pinakamalaking cryptocurrency batay sa capitalization ng merkado ay umakyat ng 0.36% sa huling 24 na oras upang maabot ang $ 3,102 sa panahon ng intraday trading, ayon sa CoinMarketCap.　　Based on the surge in the number of Ethereum whales holding more than 10,000 ETH, Market analyst Ali Martinez believes this might trigger a new bull run. Martinez ipinaliwanag:　　“Ethereum price is correlated with the number of whales with over 10K ETH. When whales began accumulating in Sept 2020, ETH rose by 1,300%. When they started offloading in May 2021, ETH fell by 62%. 60 whales have joined the network since Feb 2022, signaling the start of a new bull run.”　　Source: Alicharts　　Ethereum set an all-time high (ATH) price of $4,850 in November last year as institutional investments took centre stage. Nevertheless, it has not been able to reclaim this level ever since.　　Meanwhile, ETH has been experiencing an upward momentum for the past few days, making profit-taking transactions surpass those in a loss. Crypto insight provider Santiment stated:　　“There are currently 3.05x more transactions being taken in profit on the Ethereum network compared to transactions taken at a loss. If this ratio holds, it would be the highest relative profit-taking day since Oct.

2022-04-21Ethereum

The IMF Urges Global Governments to Keep a Close Eye on Crypto

According to The Block, the International Monetary Fund (IMF) has recommended international decision-makers to keep a close eye on cryptocurrency in light of the growing worries raised by the conflict in Ukraine.　　In its Global Financial Integrity Report, the IMF discussed the possible use of cryptocurrency in Russias conflict against Ukraine, as well as the threat it poses to the stability of existing financial institutions.　　According to the IMF, the global financial system has become more “cryptoized” as a result of Russias invasion of Ukraine and the COVID-19 outbreak.　　Although much of this is attributable to ordinary trade activity, the IMF warned that it might be used to evade identification checks in financial flows, basically providing a means of transacting anonymously overseas.　　Despite the fact that regulators in the United States and the United Kingdom have advised crypto businesses to be cautious, persons may utilize non-compliant exchanges, mixers, or other techniques to avoid punishment.　　To address crypto-specific risks, the IMF has advised international governments to implement Financial Action Task Force standards, which include a travel rule for crypto assets that requires exchanges to transmit sender and recipient identification information, as well as the implementation of additional laws and regulations on foreign exchange and capital flow

2022-04-21Malalim na Pagsisid

Among Crypto Crimes, the US Secret Service Seizes Over $102 Million in Digital Currencies

In their investigation into cybercriminals activities, the US Secret Service confiscated up to $102 million in cryptocurrency assets. According to CNBC, which cited Secret Service data, the investigation has involved approximately 254 cases since 2015.　　In an interview with the media program, David Smith, assistant director of investigations, stated that agents and analysts frequently actively watch the flow of Bitcoin on the blockchain in the same way that any surveillance operation is done. One of the cases probed by the Secret Service during this time period involved 900 victims in both Romania and the United States.　　The operation involved crooks creating bogus adverts for luxury items and mailing invoices to gullible consumers, who then paid the fraudsters. According to the CNBC article, the payment collected by the criminals is frequently transferred to cryptocurrency in order to conceal their origin and actions.　　“One of the things about cryptocurrency is it moves money at a faster pace than the traditional format,” Smith said, adding that the quick pace of transactions makes it attractive to both American consumers and criminals. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities. What we want to do is to track

2022-04-21Malalim na Pagsisid

Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon - BitcoinEthereumNews.com

BTCS Inc. (“BTCS”) is the first “Pure Play” U.S. public company focused on blockchain technologies. The company secures the blockchain through their transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast-growing multi-billion dollar industry.　　At present, BTCS has become the technical work of runing Polygon validator nodes and has pledged 456,445 MATIC, allowing users to entangle the corresponding anual percentage income in the pledged tokens.　　Polygon occupies a very pivotal position in the Ethereum and Web3.0 ecosystems.　　Matic Network provides scalable, secure, and instant Ethereum transactions designed to use Plasma side chains and a Proof-of-Stake network to solve the pain points of slow block confirmation and high gas fees.　　Michael Prevoznik, CFO of BTCS said:　　“While Polygon is focused on Ethereum at the moment, it plans to support other blockchains with its scalable technology and provide cross-chain interoperability between different protocols.”　　While Ethereum still ranks as the worlds most used blockchain network, transaction count and accompanying fees have skyrocketed over the years. With Polygon, these transactions can be carried out on Ethereum, scaled massively, and at a much lower fee.

2022-04-21Ethereum

Security Compliance Firm Seon Pulls $93m from Investors Backed by IVP

Seon, a United Kingdom-based fintech security and compliance platform, has pulled over $93 million in a Series B funding round from investors led by IVP, a Silicon Valley-based investment firm.　　In this round of financing, the sterling record of IVP involves early backing of platforms, including Netflix and Twitter, other investors include Creandum and PortfoLion. Angel investors, on the other hand, involve Coinbases Chief Operating Officer Emilie Choi and UiPath Chief Executive Daniel Dines, who also backed the startup as it pushed its valuation to $500 million.　　Relieving Fintech and Crypto Firms From Compliance Burdens　　Seon is a startup founded in Budapest, Hungary in 2017 by Kadar Tamar and Bence Jendruszak. The startup caters primarily to fintech firms with an extension to digital currency startups. 　　The company develops software that analyzes a platform user‘s biodata, email address, and phone numbers and determines whether they are genuine or not. When fintech and crypto platforms are under scrutiny by regulators to block transactions emanating from and to Russia in the wake of the country’s invasion of Ukraine, the Seon solution may come in very handy.　　Seon boasts of Revolut, Afterpay, and crypto-friendly Nubank as clients. With the newly injected capital, it hopes to support its customers

2022-04-21Malalim na Pagsisid

Robinhood Announces Planning to Buy British Crypto Platform Ziglu

Nasdaq-listed commission-free stock trading platform, Robinhood has signed an agreement to acquire a UK-based electronic money institution and crypto-assets firm Ziglu.　　As announced by the company, the deal is subject to regulatory approval and other customary closing conditions.　　“Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we‘re excited to pursue that mission together,” said Mark Hipperson, Founder, and CEO of Ziglu. “As part of Robinhood, we’ll supercharge Robinhoods expansion across Europe and bring better access to crypto and its benefits to millions more customers.”　　Ziglu grants UK customers the opportunity to buy 11 different digital assets and provides additional services like ‘Boost’ in which users can earn a yield on their digital assets. As a regulated platform in the United Kingdom, Ziglu allows its customers to make payments using a debit card, and move and spend money, even abroad, without fees.　　Robinhoods acquisition of Ziglu aims to expand its global footprint as the platform can quickly help it reach more users in the UK and Europe on a larger scale. The commission-free services Robinhood offers a better transaction experience on Ziglu come off as a convenient convergence that aligns

2022-04-21Malalim na Pagsisid

What will happen to Ethereum Price after ETH2.0? Probably THIS! - BitcoinEthereumNews.com

What is the Ethereum 2.0 update？　　Ethereum 2.0 is an update of the Ethereum blockchain. With this update, Ethereum wants to revise the blockchain code and thereby make it more efficient and secure. Ethereum is the most popular smart contract platform due to its status as the first network to offer smart contracts. However, Ethereum is struggling with problems related to gas fees and, in general, the speed and cost of transactions.　　What problems does Ethereum 2.0 want to solve？　　Ethereum 2.0 wants to solve the following problems:　　Bayarin sa Gas Pagbabawas　　Increase in transaction speeds　　Increase in scalability　　Increased security in the network　　What does the Ethereum 2.0 update contain and can it increase the Ether price？　　The most important change in Ethereum 2.0 is the switch of the consensus mechanism from patunay-ng-trabaho sa patunay-ng-taya . This is intended to make the blockchain more efficient and increase transaction speeds. Furthermore, the high gas fees, for which Ethereum has been notorious in recent years, are finally to be reduced.　　Furthermore, the beacon chain and some shard chains are added. This means that the transaction load in the Ethereum network can be better distributed and controlled. Overall, the number of possible transactions increases with increasing speed.　　The concept of sharding ensures that

2022-04-21Ethereum

...

958960

...

1000