Author: dfmines

According to on-chain data, Bitcoin miners seem to be holding off on selling BTC despite the recent rally where the coin has crossed $57k. Bitcoin Miner Reserves Continue To Move Sideways As pointed out by a CryptoQuant post, BTC miner reserves continue to trend sideways amid the coin’s strong move up. The “miner reserve” is a indicator that shows the total amount of Bitcoin that miners are currently holding in their wallets. An increase in the metric’s value suggests miners think the coin’s value will go up in the near future, hence they are stocking up on it. While a decrease would mean they are taking their profits as they expect a correction or bear market in the future. Related Reading | Why A Parabolic Move Is Expected For Bitcoin, Billionaire Mike Novogratz Here is a chart showing the trend in the value of this indicator versus the BTC price over the last year: The BTC miner reserve seems to be treading sideways | Source: CryptoQuant As the above graph shows, the indicator’s value has been moving rather sideways recently, despite the sharp move up in Bitcoin’s price. Generally, such a move implies miners are either neutral or bullish about the crypto. Many of them are still taking out some coins, while others are adding back in similar amounts. This is why the reserve is looking very balanced at the moment. Related Reading | Why The $1 Trillion Coin Is Another Reason To Stay Long Bitcoin On a closer look at the chart, it becomes apparent that the metric also showed a bit of sideways movement during the rally that took BTC to the current all time high (ATH). Perhaps something similar will happen here so it can be worth keeping an eye on these miner reserves for any movements in either direction. BTC Price At the time of writing, Bitcoin’s price floats around $57.5k, up 22% in the last seven days. Over the last month, the crypto has accumulated 26% in gains. The below chart shows the trend in the price of the coin over the last five days: BTC’s price shows strong movement up | Source: BTCUSD on TradingView Bitcoin has shown a lot of volatility recently, but the price has still been showing an overall upwards trend as the coin now crosses $57k for the first time since May of this year. It remains to be seen if the crypto can keep up this momentum and make a new ATH soon. Signs seem to be leaning positive as a supply shock now seems to be brewing in the market as shown by the exchange reserves of the coin that have fallen down to lows not seen since October 2017. Featured image from Unsplash.com, chart from TradingView.com

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Exactly 3% of the United States Senate attended the Texas Blockchain Summit on Friday, all addressing their fellow lawmakers’ understanding of crypto and blockchain.

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What is the lowest that Ethereum will ever be again before take off beyond 5k bc I wanna load up .. realistic answers please ! submitted by /u/National_Anything599 [link] [comments]

DeFi has become a popular alternative to traditional finance. Decentralized finance allows users to have maximum control over their assets, automates financial transactions, and eliminates intermediaries which are common in traditional finance. This explains why DeFi is widely adopted. However, there are inherent risks of losing funds in the DeFi space, and conducting an IDO across multiple chains is rare. In addition, there is a shortage of launchpads that guarantee investors funds and privacy. Only a few platforms have a solid vetting model to filter out scams. Aegis promises to solve these issues and provide an all-inclusive platform where fundraising can be initiated without the fear of losing funds because the company vets the projects before listing them. The new fundraising platform for DeFi projects is AEGIS Launchpad and they are currently preparing for its IDO in October. After Aegis finishes its successful private fundraising that raised $200k, the launchpad aims its public sale round on October 12, 2021. Potentially after the upcoming IDO, the platform plans to soon raise another $100k in private funding, IDOs Will Benefit AEGIS Launchpad Despite being newer, IDOs have become more preferred over ICOs and STOs and there is good reason for this. IDOs allow token distribution to the public conveniently, which is an emerging platform Aegis needs. IDOs are decentralized, meaning there’s no central form of control. Projects are expected to pay exchange fees when listing their projects and this is a common occurrence with ICOs and IEOs. However, project owners don’t have to pay high fees with IDOs and require no permission. The IDO launch will present Aegis’s native token $AEGIS. Traders will be able to purchase $AEGIS, swap cryptos/stablecoins, stake their assets, and have a major influence on Aegis development. The more $AEGIS token you possess, the more influence you exert in the community. IDOs also offer immediate liquidity at almost all price levels and allows projects to access funds as quickly as possible. It also waves pre-mines, which favors project owners. These are the apparent reasons for the launchpad’s IDO launch. AEGIS Tends to Rectify The Errors Prevalent In The DeFi Space AEGIS Launchpad claims to be the first decentralized multi-chain protocol with an insurance system. According to the company, the innovative cross-chain functionality with insurance enables fundraising from multiple blockchains while protecting clients funds. In addition, the platform allows multiple chain sales, where project owners can diversify their fundraising methods to attract more investors across several crypto communities. Most launchpads lack this, but we broaden the project owners’ reach to capture potential investors by possessing multi-chain capabilities. AEGIS towers over other platforms with its multi-chain wallet connections. Investors can swap, stake, and claim their rewards conveniently at no cost when using their swap tool. Additionally, investors can manage their funds across several blockchains without trading limitations. Beneficially, users can choose to stake in any asset of their choice. AEGIS aims to create an advanced experience for users by utilizing features proportional of DAO governance levels, tier-free allocation systems and sustainable liquidity by implementing RFI mechanics. The Pad product is another exciting feature of AEGIS. It is a play-to-earn game that gives the user the opportunity to earn $AEGIS tokens each time they win. Although this product is available on the platform, it’s not open for public use until soon after the IDO launch. Since the start of the year, AEGIS Launchpad has hit some significant milestones. The company’s conceptualization and team recruitment during Q1 was followed by beta testing, testnet releases, smart contract design, and the unveiling of its game development plan in Q2. By the next quarter, the launchpad had its public and private sale rounds and partnered with reputable venture funds like BlueMoon Ventures.  

Via their Twitter handle, the VeChain Foundation announced the start of the voting process that will allow the community to decide to implement or reject a major update to their network: Proof-of-Authority (PoA) 2.0. This upgrade could usher a new wave of blockchain “mass adoption”, the announcement said. As NewsBTC reported, the PoA 2.0 upgrade will eliminate the tradeoffs of the Nakamoto Consensus and Byzantine Fault Tolerance (BFT) consensus implemented on cryptocurrencies such as Bitcoin. Related Reading | VeChain And DNV Launch First Blockchain-based IVF Service App If approved via the voting process, the upgrade will enable blockchain VeChainThor to benefit from a high throughput capability. In addition, the PoA 2.0 upgrade will bring guaranteed data finality to the network to attract more companies and high-volume use cases without compromising its security. The Foundation said: (…) the VeChain Research and Development teams have been working on a massive upgrade of the VeChainThor blockchain called SURFACE (PoA 2.0), standing for a Secure, Use-case-adaptive, Relatively Fork-free Approach of Chain Extension. The VeChain Foundation believes this update will allow the blockchain VeChainThor to “lead the pack on the road to mass adoption due to the development of many revolutionary technologies”. If approved the PoA 2.0 will operate as one of the first “combined consensus mechanism”. The voting will take place from October 11 at 10:00 pm (UTC+8) to October 18, 2021, at 10:00 pm (UTC+8). The authority masternodes and Economic X nodes will have a 40% voting authority each, while the Economic nodes will have a 20% voting authority. Related Reading | Why The VeChain Foundation Met With China’s Government Officials These entities will have to confirm or reject the implementation of the PoA 2.0 in its first phase, to introduce the Verifiable Random Function (VRF) as a source of randomness. Part of the VIP-193, this mechanism will “balance the unpredictability and the unbiasedness” of the block production on the blockchain VeChainThor to increase its level of security. The foundation claimed: After months of testing by the core team, as well as our partners and community developers, we are now confident that this upgrade is ready to be deployed on the main net. Potential Impact On The Price Of VeChain (VET) As seen below, the VeChain Foundation disclosed their roadmap for the implementation of the PoA 2.0. Much of the progress on the testnet has been achieved with similar progress on the mainnet route. The Foundation called on every stakeholder on the blockchain VeChainThor to cast their vote. In that way, the implementation of PoA 2.0 can continue to make progress. Only after a successful vote by all stakeholders, an implementation on our main net can take place, and that’s why we need your vote! Voting can be done by all those that are eligible using Sync or the VeChainThor mobile wallet. VET has failed to positively react to the announcement by the VeChain Foundation. In the daily chart, VET records a 2.9% loss trading at $0,11, at the time of writing. VET’s current price action could be driven by Bitcoin recent move to the upside reaching into May’s highs. In the coming days, most of VET’s price performance will be determined by the BTC Dominance. Related Reading | This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others In that sense, holders could take up the opportunity to increase their holdings as VeChain enters a key channel, as pointed out by analyst Justin Bennet: VET continues to coil above its long-standing channel support. The fun begins above 0.155. I’m using this time to accumulate.

A U.S. government employee has been arrested on espionage-related charges after he attempted to sell restricted data on the design of nuclear-powered warships to a foreign government. The federal employee asked to be paid in monero cryptocurrency. “I am very aware of the risks of blockchain analysis of bitcoin and other cryptocurrencies, and believe monero […]

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