Author: dfmines

Crypto and stock markets corrected as traders grew nervous ahead of August 17’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”

submitted by /u/HeirOfRhoads [link] [comments]

What would be the effect of the dusting of exchanges' exit addresses, such as BinanceXX (as viewed on etherscan) with funds linked to Tornado cash? Wouldn't that basically render all withdrawals from such exchanges as tainted? submitted by /u/zmooner [link] [comments]

Source: https://www.algorand.foundation/news/pioneering-falcon-post-quantum-technology-on-blockchain Algorand: Pioneering Falcon Post-Quantum Technology on Blockchain What is a Quantum computer? Computing is pervasive in modern life, but did you know there’s an entirely new category of computer, called Quantum computers, that are being actively developed by some of the world's leading computer scientists at places like Google and IBM? Quantum computers…
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https://cryptonewsland.com/ethereum-classic-becomes-biggest-winner-pre-merge/ submitted by /u/ViMooney [link] [comments]

There are likely to be rumors and misconceptions about the Ethereum Merge because it is one of the most anticipated events in the cryptocurrency space in recent years. The Ethereum team has addressed some of these misconceptions in a new blog post, as it will go live in a few weeks. Reduction Of Gas Fees? Nope The present proof-of-work mechanism will come to an end when the Ethereum Mainnet merges with the Beacon Chain proof-of-stake system. Since this mechanism uses so little energy, according to the blog article, Ethereum’s energy consumption will be cut by 99.5%. But the Ethereum Foundation clarified on Wednesday that the network’s next proof-of-stake temporary upgrade, known as the “Merge,” will not lower gas costs. The Ethereum Foundation wrote this in relation to: “Gas fees are a product of network demand relative to the network’s capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput.” Energy-intensive mining will be unnecessary according to The Merge, which aims to combine the current Ethereum mainnet execution layer with its brand-new proof-of-stake consensus layer, the Beacon Chain. Within the third or last quarter of 2022, it is anticipated to touch down. Despite the fact that many traders and investors alike purchased Ether in preparation of the Merge update, some seem to have done so under the mistaken belief that the network’s capacity would increase after the upgrade went live. Related Reading: Ethereum Hits New Milestone, Investors Accumulate Ahead Of Merge Other Things To Know About The Ethereum Merge The foundation also assessed the claim that “32 ETH is required to run a node” to be untrue. They claim that there is no set number of persons who can run a node and that ETH is not required in the traditional sense. To begin with, there are no initial Ether staking requirements and anyone is allowed to sync their own self-verified copy of Ethereum or to run a node. It is not feasible to withdraw staked Ether until the subsequent Shanghai upgrade is operational. However, benefits for liquid ETH in the form of fee tips will be accessible right away. Once launched, withdrawals from the validator will be rate-limited to avoid a possible liquidity crisis. Ethereum market cap stands at $225 Billion. Source: TradingView After the Merge, transactions won’t move any faster either. To attract capital, the network’s APR returns are anticipated to climb by 50% after the merger. The Merge, which is planned to have minimal downtime during the transition, is now being developed by client developers with a possible completion date of September 19 in mind. Validators will receive fee tips/MEV as compensation, which will be paid to a mainnet account and managed by the validator right after the merging. In response to concerns that validator withdrawals would be made in large quantities once they are allowed, the foundation stated that “only six validators may exit per epoch (every 6.4 minutes, or 1350 per day, or only 43,200 ETH per day out of over 10 million ETH staked).” To prevent a mass exodus, it further stated that the rate limit would be changed based on the amount of ETH still staked. Related Reading: Upcoming ETH Merge Sees Institutional Investor Sentiment Turn Positive Featured image from Shutterstock, chart from TradingView.com

submitted by /u/ChemicalGreek [link] [comments]

Solana (SOL) price has enjoyed a winning streak by a whopping 75% as seen in the past two months after it has capsized to a mere $25.75. SOL forms head-and-shoulders pattern hinting at bearish movement. Solana’s 75% gain witnessed in the past two months may be a potential fake-out. SOL price down by 2.40% and trading at $42.86 as of press time. However, the gains may prove to just lead the traders on due to an impending bearish movement. Does this hint at a potential bullish fake-out? SOL formed a head-and-shoulders pattern which can be resolved once the price breaches below the neckline. Solana has been showing a consistent bearish outlook as seen on the charts. Related Reading: Decentraland Momentum Pushes MANA Into Consolidation Phase’s Higher Rung SOL Forms H&S Pattern; Indicates A Bearish Standpoint Judging by the weekly chart, SOL has formed the right shoulder or a part of the H&S pattern which indicates a correction reaching $27 that could happen sometime in the second quarter of 2022. Inevitably so, a breach below the $27 zone could trigger a correction moving towards $2.80. More so, a decline in token price by 95% may occur at the end of 2022 or the early part of 2023 as forecasted by Profit Blue, a crypto analyst. According to CoinMarketCap, Solana price has nosedived by 2.40% or trading at $42.86 as of this writing. Solana’s bearish behavior has become apparent as it’s impacted by Fed issues and trends that put the market at high risk. SOL recently closed the week with a profit of 10.5% on August 14 which is close to that of Bitcoin’s. It seems that the market has reacted to the U.S. consumer price index (CPI) which cites the possibility of Fed halting the increase in interest rates. Solana 75% Gains – A Fake-Out? In connection to this, analysts have already warned traders of these price rallies which historically hint a bearish breakout. In essence, the fakeout of SOL in line with its 75% gains may be true. SOL also has a lot of issues to fix such as network outages and also centralization but the project developers have upgrades in place to correct these pressing problems. Solana’s next big plunge could provide the token the opportunity to bounce close to the ascending trendline. Simply put, the bearish movement of SOL could go on until the price peaks at $20 which corresponds to a 55% drop from its price on August 16. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? SOL total market cap at $14.3 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, chart from TradingView.com

Like any aging empire, America is reacting to its competition.

The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase.