U.S. authorities have warned about the rising popularity of a crypto scam known as “pig butchering.” The Federal Bureau of Investigation (FBI) explained: “The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money.” ‘Pig Butchering’ Crypto Scam on the […]
I am going to write a description of my understand of the POW and POS mechanisms. I would appreciate any corrections to any flaws in my understanding which might appear below. These concepts have been tricky for me for a while, and I want to solidify my understanding. General Ideas Behind Both Mechanisms: Both POW…
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There's a lot of confusion on this subject so I thought this would be worth posting. After the merge, US based validators (PoS stakers) may be prevented from validating OFAC sanctioned transactions (e.g. tornadocash) if the US government decides so. Currently it is unclear whether this is the case. Anyone exposed to these sanctions will…
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submitted by /u/jesschester [link] [comments]
253 blocked using TRM labs https://coincodecap.com/uniswap-blocks-more-than-250-crypto-addresses Yearn finance's bantg analyzed the issues with blocking even just 253 addresses: https://twitter.com/bantg/status/1560711564801544193 including the bonus it appears the data wasn’t meant to be public. well, then you have an exclusive look at the very first trm leak, courtesy of uniswap. submitted by /u/fap_fap_fap_fapper [link] [comments]
Bitcoin price has witnessed a sharp fall over the 24 hours and the reason for the same is unknown. The coin witnessed excessive selling pressure causing price to dip by 9% in the past day. Most gains that Bitcoin secured in a week were lost due to the recent price drop. Over the past weeks Bitcoin had continued to form an ascending trendline, it happens often that the coin witnesses a price breakout after moving in an upward trendline for sometime. Technical outlook for the coin painted a bearish picture as buying strength declined considerably in just a day. Bitcoin was unable to push itself above its resistance level of $25,500. This might have caused the crypto to lose momentum and break below the trendline. Push from buyers were lacking hence sellers had taken over. At press time the bears were back on the chart. The bears might bring in further losses for the coin if buyers don’t come to the rescue. Bitcoin Price Analysis: Four Hour Chart BTC was trading for $21,200 at the time of writing. Over the last 24 hours, the coin lost 9% of its market value as it broke below the trendline. The inability to push over the resistance level of $25,500 could have caused it to lose its positive momentum on the chart. Overhead resistance for the coin is at $22,000, if Bitcoin manages to rise over the aforementioned then the other resistance mark stands at $23,000. A fall from the current price level will drag Bitcoin price to $20,200 but a move to $19,000 could be just a matter of time. Amount of Bitcoin traded in the last session was less, signifying the sellers were dominating the market. Technical Analysis The coin underwent a substantial loss in buying strength as it depreciated 9%. Bitcoin price was in the oversold region, however at press time it noted an uptick. Despite an uptick Bitcoin’s selling pressure was more than buying pressure. On the Relative Strength Index the coin was seen in the undervalued and oversold zone. Bitcoin price was under the 20-SMA line, this reading signified that sellers were driving the price momentum in the market. Related Reading: TA- Bitcoin (BTC) Trades Above $20,800, Can Bulls Hold This Key Zone? The fall in buying strength made Bitcoin price portray sell signal on the chart. The Moving Average Convergence Divergence depicts the price momentum and the reversal in the same. MACD underwent a bearish crossover and flashed red histograms which are also considered sell signal for the coin. The Directional Movement Index indicates the direction and price momentum. DMI was negative as the -DI line was above the +DI line. The Average Directional Index was near the 40-mark which translates to the current price momentum gaining strength, this could mean further dips for Bitcoin price. Related Reading: Bitcoin Price Falls To A Key Resistance Level Of $21,000 Featured image from UnSplash, Charts from TradingView.com
Who is allowed to run a slashing node and what prevents slashers from colluding to slash and eject all validators except the validators that they control? submitted by /u/huge_dingus [link] [comments]
The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.” FDIC Orders 5 […]
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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Not sure why the Tornado Cash sanctions were turned into such a big ETH FUD storm when BTC had a mixer sanctioned in May and barely anyone noticed. https://home.treasury.gov/news/press-releases/jy0768 submitted by /u/RickDangerr [link] [comments]
