Close to 8% of all BTC held by companies and countries’ treasuries
submitted by /u/nicky_papagiorgio [link] [comments]
submitted by /u/nicky_papagiorgio [link] [comments]
Geth gave me this error. Can anyone help? INFO [05-26|03:55:50.844] State heal in progress accounts=11503@602.32KiB slots=16221@1.22MiB codes=436@3.38MiB nodes=6,342,816@1.78GiB pending=0 INFO [05-26|03:55:50.847] Imported new block receipts count=1 elapsed=1.453ms number=14,843,920 hash=a79a74..af56b9 age=25m46s size=61.11KiB INFO [05-26|03:55:50.848] Rebuilding state snapshot INFO [05-26|03:55:50.849] Committed new head block number=14,843,920 hash=a79a74..af56b9 INFO [05-26|03:55:50.849] Resuming state snapshot generation root=9f9b38..a4990a accounts=0 slots=0 storage=0.00B elapsed=1.394ms…
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Hey guys, I am doing some research and I'm wondering how do CeXes secure the custodial wallets' private keys? For example: let's say I'm building a CeX. I need to generate an address from a seed for each user and save that address and its seed (or PPK) somewhere so I can forward tokens from…
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Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes, and transaction values have all plummeted, all of which have seen daily miner revenues fall towards yearly lows. Bitcoin On-Chain Activity Declines The previous week had seen on-chain activity ramp up during the height of the LUNA collapse. Mostly, this had been to investors scrambling to move their coins to avoid being affected by the downtrend that followed. As well as exchanges needing to restructure their bitcoin wallets following the carnage which had seen activity rise. Related Reading | Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery? Due to this, there had been a significant jump in the transaction volumes as well as the average transaction. Although this did not translate to more revenue for miners, recording a 21.85% fall from the prior week. Miner revenues were even worse last week following the LUNA crash. It recorded an additional 7.95% loss that brought daily revenues to $25.5 million. The last time revenues were this low had been in July of 2021. Mining difficulty reaches all-time high | Source: Arcane Research With the market settling from the crash and the exchange wallet restructurings done, on-chain activity has now returned to normal levels. What this resulted in has been a 44% collapse from the previous week and daily transaction volume is down almost 50% from last week’s levels. Mining Difficulty Back Up The bitcoin mining difficulty had been going down for the last couple of weeks, which had seen the block production rate surpass the 6 blocks per hour goal about three weeks ago. What followed was a correction in the mining difficulty that brought the mining difficulty back up. The adjustment has seen block production fall well below the target to be sitting at 5.64 blocks per hour. BTC declines below $30,000 once more | Source: BTCUSD on TradingView.com The percentage of revenue made up by fees had also dropped 0.69% from the prior week to 1.81%. This was expected seeing that the fees per day had recorded a 33.48% decline in the same time period. Transactions per day were also down 6.185 to 252,532 daily transactions. Related Reading | Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over Bitcoin’s price had also taken a huge hit that had contributed to the decline in daily miner revenues, alongside the decreased block production rate which is now at an all-time high. An adjustment is expected on Wednesday that will likely reduce mining difficulty by 4% and 5%. With this, the block production rate is expected to increase and if the price of the digital asset does mirror this move, then miners may see a significant jump in revenues this week. Featured image from Seeking Alpha, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
submitted by /u/Wabi-Sabibitch [link] [comments]
Hi Everyone, I’m just curious if ETH layer 2s can or will be able to talk to one another? Or will we have to connect to different L2s depending on the dapp we want to interact with? For example, if a friend of mine starts using a loopring wallet and I use an argent wallet,…
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The spring is being compressed further as Bitcoin swings continue to diminish. Since the commencement of active trading in New York, the lower bound of the trading range has shifted to $29K, where the BTCUSD has found support. The top bound of the constructed triangle has advanced to $30.5K, up 1.8 percent from current prices of $30K in the last 24 hours. Bitcoin Consolidation Uninspiring As range adherence continued, Bitcoin (BTC) momentarily returned to $30,000 before the May 25 Wall Street open. While it may appear dull at first glance, Michal van de Poppe saw Bitcoin on short periods as a source of renewed interest, predicting a run to near $33,000 next. He told his Twitter followers: “Bitcoin broke through $29.4K and ran towards the next resistance zone, if we hold $29.4K, we’ll be good towards $32.8K. Finally.” The price of Bitcoin is consolidating, which is equally perilous for bulls and bears. Both gain liquidity and become accustomed to existing prices over time. On a market-cycle level, there’s a good likelihood that the present consolidation will end with a collapse of the lower boundary and the liquidation of stop orders, confirming the initial downside momentum. Related reading | Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months The bearish prognosis is fueled by monetary policy tightening and declining economic development, which causes retail investors to withdraw funds from bitcoin in favor of spending. It doesn’t help that people’s hopes of getting rich quick with cryptocurrencies aren’t coming true, as bitcoin is now valued the same as it was in early 2021. BTC/USD trades below $30k. Source: TradingView Investing in the business is becoming more sophisticated, moving beyond naive buy-and-hold strategies. Investors are pulling money out of bitcoin and putting it into blockchains that enable smart contracts, such as Cardano and Polkadot, according to CoinShares. Last week, crypto funds lost $141 million in net capital outflows. The ECB warned that the high correlation between cryptocurrencies and stock markets is common during times of economic hardship, and that digital assets will no longer be allowed to diversify investment portfolios. Related reading | Institutional Investors Seek Safe Haven In Crypto Products Amid Market Uncertainty Featured image from iStockPhoto, Charts from TradingView.com
Searching for Interoperability Projects….. I came across this project called Pantos. Its backed by Bitpanda, a EU based Broker. I think its still pretty early. I would love to here some opinion on this project! ‐—‐——————— The technology Pantos is based on ground-breaking research in the fields of oracles, relays, smart contracts and blockchain efficiency.…
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According to a recent announcement from the Terra blockchain team, the community voted and passed a proposal that plans to launch a new genesis version of the Terra blockchain without an algorithmic stablecoin. The governance proposal called “Terra Ecosystem Revival Plan 2” has been amended and the final release of the new Terra Core codebase […]
Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining.