Just looked on Bitboys twitter to see the fallout of his poor life choices and noticed that David Schwartz himself called out Bitboy. Congrats on destroying what credibility you had left, Bitboy. I can only imagine Ben is at home now screaming at his wife and staff that people are making fun of him and…
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Transaction: 0x3666306689cc6e21bfe73d085dbb0cad60e9f2da1af3f4e14b370b3795882a04 Bridged 0.043625456036858024 Ether from arbitrum nova to mainnet aroud 9 days ago, this was said to take around 7 days before I bridged, I didn't receive this on my mainnet wallet: https://etherscan.io/address/0xdf8bc5ce2df00cfe8970edd39c43fd98a5756996 What has happened here? I'm assuming that the 2nd gas fee is transacted on the mainnet wallet, so because the mainnet…
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DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto Customers Bought the Dip DBS, […]
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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I learn about so many amazing initiatives that use different P2E blockchain games. I love the idea of gaming as a whole and think it represents its future. I want to know your opinions since I've seen that there are now so many of these games available that it might be challenging to decide which…
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Enjoy Axie Infinity, DeFi Kingdoms, and other cryptocurrency games while they last, because lawmakers are poised to crack down by mid-2023.
Since the metaverse's inception, I've had the impression that GameFi is the most significant component, and now that time has passed, I firmly believe this to be the case. Independent of the state of the economy, there will always be a demand for gaming. The industry's attempt to switch from a play-to-earn paradigm to a…
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Ethereum has been stealing more market share from bitcoin over the last couple of weeks. This is a result of the Merge announcement that took the space by storm about a month ago. Since then, interest in Ethereum has skyrocketed. But with the decline in price, investors are becoming warier about investing in the market. However, that does not mean that Ethereum is no longer a good buy. The Upcoming Merge For many, the news of the Merge is one that has been a long time in the making. This is why when developers announced that the Merge would be happening sometime around September 15th, the community erupted in joy. But besides just being an important upgrade, the upgrade has also served as a good buy signal for the digital asset. Related Reading: Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue Firstly, with the move to proof of stake, Ethereum will consume about 99.95% less energy than it used to. This means that the concern of environmental pollution is eliminated for the digital asset and takes it off the radar of governments who are looking to sanction cryptocurrency mining due to how much energy they consume. ETH recovers above $1,600 | Source: ETHUSD on TradingView.com Another good reason is the fact that the ETH staked on the Ethereum 2.0 contract will not be automatically released. Presently, there is more than 11% of the total supply of ETH staked, with more being added daily. Developers have announced that there is no withdrawal function being put into the upgrade. This will likely come 6 months to 1 year after the Merge. Simply put, ETH will remain locked on the network for another 6 months to 1 year, causing the circulating supply to decline. Ethereum Still Looks Bullish Ethereum is still one of the most bullish cryptocurrencies in the market right now. The exchange net flow shows a marked accumulation trend among investors in the space. In the last 7 days, over $6.2 billion has been moved out of centralized exchanges, with the daily net flows following the same trend. The transaction fees of Ethereum have also declined significantly, making it a good time for investors to move assets across the network. At the time of writing, ETH transaction fees sit at 11.74 GWEI, or $0.4. Related Reading: Bearish Indicator: Bitcoin Retail Volumes Show Weakness In Rally The digital asset has also been able to fend off the bulls. With the price still sitting comfortably above the 50-day moving average, ETH has been one of the only cryptocurrencies in the space to reduce the selling pressure on investors. To cap it all off, as the Merge draws closer, anticipation will likely continue to grow. If the case is the same as what was seen in the weeks after the announcement had been made, the price of ETH is likely to break $2,000 before the Merge. Featured image from Finance Magnates, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
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