Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Finality after the Merge

If one or more epochs stop finalizing due to a lack of attestations/votes from validators (>1/3rd validators fail to vote), would they ever finalize whenever a new epoch afterwards achieve finality? submitted by /u/ericla1014 [link] [comments]

Blockchain Industry Workforce Grows 80% This Year, Study Shows

submitted by /u/eat-sleep-rave [link] [comments]

Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022

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

Apparently everyone (93% of ETH addresses) are only 4 hops away from Tornado Cash

The other day I had posted (https://www.reddit.com/r/CryptoCurrency/comments/wlsg1q/some_of_the_historical_transactions_on_my/) how one of my addresses had previous trfs on the chain from Tornado Cash. So, ironically, I now need a mixer to clean my ETH. Well, turns out, everyone could need this. According to this researcher https://twitter.com/ElBarto_Crypto/status/1558428428763815942 Only 0.03% of ETH addresses have transactions with TC directly, but…
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APECoin Retraces 2.5% In Last 7 Days – More Selloff In The Offing?

ApeCoin (APE) has been a high-performer with the price surge seen in the past couple of weeks. ApeCoin moving erratic in an ascending parallel channel. Price maintains to hold above the key support zone of $6.5. APE/USD pair gearing sideways spotted at 0.000286 Satoshis. The buying pressure has been impeccable pushing the prices way up. With the recent uptrend, APE registered a 9-week high peaking at $7.8 in the past week. On the other hand, buyers are trying to keep the coin soaring this week – and it seems like they’re facing hard times. The altcoin is seen to retrace by 2.5% as seen in the past seven days with increased selloffs looming in the next coming days. Related Reading: Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing? APECoin Price Trades at $6.83 According to CoinMarketCap, APE coin price has dropped by 1.39% and trading at $6.83 as of press time. A weekly price candle has shaped up in conformity with the past bullish candle. On the 4-hour timeline, the altcoin’s price action is observed to appear with a strong wave of higher-lows and higher-highs within the ascending parallel channel. At this point, buyers are trying to maintain APE as it hovers above the support line of $6.5. A bullish hurdle for the bulls is spotted right at $8.0. Now, if the bulls are able to breach this critical resistance zone, then $10 may be the next target. The RSI for APE has hovered downwards to revisit the semi-line as seen on the daily price timeline. Despite the MACD staying above the neutral zone, it still looks rather tepid or flat. More so, the histogram is also weakening. RSI Shows Retracement; Bears Trying To Claw Their Way In ApeCoin still managed to trade in an upward parallel channel despite the withdrawal in price seen close to the resistance level of $8.0. RSI shows a bit of retracement and in the event that RSI breaches below the half-line, the bears could potentially breach the parallel channel. On the daily chart, APE has dipped to 20 EMA or below 100 DMA but is trying to hold on positioning itself above 50 EMA. More so, APE coin price is seen to trade within an ascending parallel channel for over a month now or since July 13. The bears kept on clutching the token but the bulls are not taking it lightly and continuously trying to swing the token near the upper trendline. APE coin currently trades showing strong downward movement closing near the lower trendline of the ascending parallel channel. Now, APE coin must gain massive support from the bulls the soonest it gets into the trendline and hit reverse to prevent further dips below the channel.  Related Reading: Filecoin Cruises Near Resistance, Now Attempts For A Breakout APE total market cap at $2.09 billion on the weekend chart | Source: TradingView.com Featured image from AirdropAlert, Chart from TradingView.com

Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor

The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox. Stakeholders’ Views Wanted Nearly six months after announcing the Reserve Bank […]

AML and KYC: A catalyst for mainstream crypto adoption

One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.

Bitcoin hits $25K as bearish voices call BTC price 'double top'

A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.

Polkadot-based Stablecoin Acala USD Depegs after $1 Billion Exploit

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

Does staking make a cryptocurrency worth less and less as more and more tokens are created and everyone loses value with them?

Everyone pretends to know about staking, but no one can explain the basic mechanisms in detail. And if someone can not explain a topic in simple words, that is for me always an indication that he has not understood it himself. For example, if you ask someone why staking is important for the blockchain and…
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