Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data warehouses. Companies Relying on Centralized Databases and Services […]
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On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently According to data from on-chain analytics firm Santiment, ETH is currently observing its highest point of activity in 17 months. The “daily active addresses” is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day. When the value of this metric is high, it means traders are active on the network right now. On the other hand, low values suggest investors have been showing little activity during the past day. The chart below shows the trend in the Ethereum daily active addresses over the last few years: The value of the metric seems to have been pretty high in recent days | Source: Santiment on Twitter As the above graph displays, the Ethereum daily active addresses have spiked up during the past week or so. In this period of increased activity, an average of 637,000 ETH addresses have been involved in some coin movement every day. The last time the network saw holders being so lively was back in May of last year when the bull run of the first half of 2021 observed its peak of around $4,300 Related Reading: Bitcoin Long-Term Holder Supply Reclaims ATH, Return Of Conviction? Usually, high daily active addresses mean that the investors are interested in trading ETH at the moment. Thus, it’s natural that profit-taking opportunities like the May 2021 peak see huge bursts of activity as a large number of holders move their coins for selling purposes. Related Reading: Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit? While it’s true that such activity can be bearish for the asset’s price in this way, it’s also a fact that any rally requires a large number of traders to be sustainable. Ethereum has been rallying during the last couple of days while the active addresses have been very high, suggesting that there are many interested buyers in the market right now. This could be a sign that unlike the rally efforts earlier in this bear market, which didn’t see any activity on such levels, the latest price rise may have enough fuel backing it. Looks like the value of the asset has sharply gone up during the last two days | Source: ETHUSD on TradingView At the time of writing, Ethereum’s price floats around $1,300, up 8% in the last week. Over the past month, the cryptocurrency has gained 10% in value. The above chart shows the trend in the price of the coin over the last five days.
The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023.
Kevin O Leary just lied in front of the Senate, with the whole world watching. Here is his testimony under oath where he said this to the question "Why did FTX fail": https://twitter.com/Benzinga/status/1603076399593844736 Lets get this straight – he said FTX didnt fail because of fraud, laundering user deposits into personal accounts or into their…
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The browser also features the ability to enable HTTPS everywhere, bringing an extra layer of protection and making sure the websites people visit use proper encryption protocols.
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Russia’s largest social network, Vkontakte, has launched a feature allowing users to upload digital collectibles to the platform. Account holders will also be able to buy and sell them in the future as the company intends to establish a marketplace for non-fungible tokens. Vkontakte Users to Showcase Their NFTs, Set Them as Avatars The leading […]
