Category: Cryptocurrency News

Analysts say Bitcoin miners’ worst days are probably behind them, but the network’s soaring hash rate and the uptick in difficulty are weighing on profit margins.

Or will it prevent me from sending anything with chainid=1001? submitted by /u/BGoodej [link] [comments]

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

Let's say I have 1ETH. I send it to the DAO token contract address, and get about 200 DAO tokens back. What's stopping me from sending it to the WithdrawDAO address? One DAO =0.01ETH, making spending ETH to get DAO and using the WithdrawDAO contract profitable by about 2x. submitted by /u/Trixteri [link]…
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Despite economic uncertainties, the real estate market continues to present abundant opportunities for investors. According to Zillow, home values in the US are up 18.2% year over year. Compare this to the S&P 500 and NASDAQ Composite – which are down 16.7% and 25% respectively – and it becomes clear that real estate is holding up far better than most other assets. Investors have taken notice, and demand for real estate has never been higher — especially for fix and flip properties. In fact, houses are being flipped at a higher rate than any time in the last 20 years. And with good reason – according to ATTOM, the average house flip returns a gross profit of $67,000 and an ROI of 26%. Landshare, a tokenized real estate platform on the Binance Smart Chain, has already sold tokenized real estate to investors from over 30 countries around the world via the first-ever real estate offering on Binance Smart Chain. Now, they intend to bring house flipping to the masses with their new feature, Tokenized House Flipping. What is House Flipping? House flipping is when an investor buys a property, performs renovations, then re-sells it for a profit. When done properly, renovations add more value to the home than they cost to perform – for example, a fresh coat of paint and new flooring is inexpensive but can make a worn-down room look brand new. House flipping is the perfect solution for short-term investors, as it grants a lump-sum return in a relatively short time frame. The process generally takes anywhere from a few months to a year, depending on the scope of the project. Traditional Barriers to Entry Despite being highly lucrative, house flipping can be difficult or impossible for the average person to get involved with. In addition to the high cost of buying a property, potential flippers will also need to navigate the complicated process of selecting a property, budgeting for repairs, and getting the renovations done in a cost-effective manner. Hiring and managing contractors is not only a hassle but also cuts into the bottom line substantially and can result in a negative ROI. Investors who elect to do all the work themselves will save money, but renovating a house requires specialized skills and a large investment of time. Put simply, the process is expensive, and complicated, and can result in a loss if done improperly. Landshare Brings House Flipping to the Blockchain By leveraging the power of blockchain technology, Landshare’s newest feature offers fix and flip opportunities with none of the traditional hassles or barriers. Instead of buying an entire property and performing the renovations yourself, Tokenized House Flipping allows anyone to invest fractionally with other investors around the world, while the Landshare Team handles the renovation and sale process. The underlying technology behind this new feature is called tokenization, which refers to the creation of tokens on the blockchain that represent the ownership of real-world assets. Landshare has previously used this process to offer fractional investment in rental properties. Now, they are applying this tried-and-true method to the first-ever tokenized fix and flip. For a quick summary of how the Tokenized House Flipping process will work, here is a step-by-step breakdown: Landshare creates a new legal entity responsible for the ownership, renovation, and sale of the property. The ownership units of this entity are converted to tokens. A limited number of tokens are sold to KYC-verified investors to help cover the renovation costs of the property. After the renovation is complete, the Landshare team puts the property up for sale on the open market. When the property is sold, token holders can redeem their House Flipping Tokens for their share of the sale proceeds. Conclusion Tokenized House Flipping is the latest feature to arrive in the Landshare Ecosystem, which also includes investment opportunities in rental properties, real estate NFTs, and a full suite of DeFi features. This new feature expands Landshare’s slate by introducing short-term investment opportunities in real estate, a first for the Binance Smart Chain and the blockchain sector as a whole.   Disclaimer: House Flipping Tokens have not been, and will not be, registered under the Securities Act of 1933. Accordingly, the Securities are being offered and sold only to non-US residents in compliance with SEC Final Rule Offshore Offers and Sales (Regulation S). Additional restrictions may apply, see the website for more details.

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

According to reports, Tesla’s Elon Musk now plans to purchase Twitter Inc. for the original asking price of $54.20 a share. Twitter’s shares surged following the news and climbed nearly 20% higher and trading was halted twice so far. Report Claims Tesla’s Elon Musk Will Purchase Twitter at the Original Asking Price It seems Elon […]

Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover. Three Red Weekly Closes Along with the rest of the crypto market, Ethereum’s price has suffered bitterly at the hands of the bulls. Once again, the curse of September reared its ugly head, and digital assets across the space saw more red than green during this time period. Ethereum itself had closed out the month with three consecutive red weekly closes, which has greatly impacted its performance in the market. Related Reading: LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It? Over the last few weeks, the resistance to the digital asset has been mounting, and the bears have made a solid stand just above the $1,400 level. This is evidenced by ETH’s inability to beat this point, even with some rise in momentum. ETH sees three consecutive red weekly closes | Source: ETHUSD on TradingView.com Interestingly, Ethereum’s chart looks eerily similar to the same trend that was recorded back in September of 2021. This had been in the middle of the bull market right before ETH had hit its all-time high above $4,900. The digital asset had recorded three consecutive red closes, followed by a green close. What followed would be two months of weekly green closes that saw the cryptocurrency surge by more than 48%. If this trend holds and Ethereum is able to successfully break through the $1,400 resistance point this week, then ETH’s price could rally to $1,800 over the next two months before eventually losing steam. Can Ethereum Hold Up? The weakness of ETH following the Merge has done a number on not only the digital asset but on investor sentiment. The majority of investors still opt to hold their coins for the long term. However, the sell-offs continue to wax stronger at this time. Related Reading: Exchanges Close Q3 With Massive Bitcoin Outflows, Why A Rally Is On The Horizon Mainly, all eyes are on the Ethereum staking contract, where more and more of the supply are being sent each day. The contract currently sits at more than 14.1 million ETH are already staked, accounting for about 12% of the total supply. And since there is presently no way to withdraw these ETH, they are temporarily taken out of circulation, causing a significant drop in supply. Nevertheless, the majority of ETH investors are still in profit despite the current low prices. This 53% of investors who have mostly held their coins for longer than a year remains in the green. However, profit-taking continues with exchange inflows reaching $4.49 billion for the last 7 days compared to outflows of $4.44 billion. Featured image from El Cronista, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

You woke up the sun is shining, you check your portolio. Everything is pumping. Inflation has dropped to 3%. Stock and crypto are green as hell. Bottom has been hit. Macroeconomic trends are all sorted out. War in Ukraine has ended. China is out of crisis. Europe doesnt have problem with gas now. Everything is…
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