Scalable Solutions AG, a Swiss company offering B2B solutions for crypto exchanges, today announced the launch of its newest product, the Scalable Wallet. Supported on iOS and Android, the white label custodial wallet’s interface is designed for ease of use and intuitive navigation for users of all levels with the partnering company’s brand at the…
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Bitcoin and the wider crypto market are pumping hard right now. Everyone was expecting a dump so lo and behold a solid pump has happened. My thinking is that many Russians/Ukrainians are opting to convert their FIAT to crypto. Lately crypto prices have reflected the stock market, dropping and rising in a similar fashion based…
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ETH price is storming toward a key resistance level, but pro traders are reluctant to add leverage for three important reasons.
Sitting at the desk and doomscrolling media. My roommate yells from his room: "Hey! You should look at the charts." "I don't need to, mate. The whole world goes to shit. Of course they are in freefall!" "Open CoinMarketCap for a sec!" Well, how bad can it be?…… WHAT? WHY? How the fuck is everything…
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The Treasury Department guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade U.S. sanctions.
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Over the weekend, a Reddit post accusing Charles Hoskinson, inventor of Cardano of front-running SundaeSwap users went viral. A pseudonym user said Hoskinson used a large amount of ADA to benefit from a price hike on the decentralized exchange native token, SUNDAE. Related Reading | Cardano Price Up And Down Amidst SundaeSwap Launch As one of the first DEX running on Cardano, there is a lot of hype around SundaeSwap. The ADA whale, according to the user, used his funds to queue jump other users and be one of the first to benefit from SUNDAE’s launch. The pseudonym user based the accusations on three alleged facts: a large SUNDAE order was placed before the DEX was deployed, a wallet with millions of ADA was created specifically for this event, the funds can be tracked to another wallet with “a billion of unstaked ADA” or an entity sitting at the top of the Cardano rich list. The pseudonym user claims the large transactions were linked to the inventor of Cardano after “about an hour clicking CardanoScan links”. The user provided a link of addresses related to his claims which can be viewed in the following link. In addition, the pseudonym user addressed the possibility of a crypto exchange or similar entity involved with the transaction rather than Charles Hoskinson by saying: I do not think any of the addresses in the chain of CardanoScan links below are exchange wallets. You can take a look through them and try to identify which you think is an exchange, but it looks to me they are regular wallets. Most of the addresses in the sequence have just a single input and single output, so it was easy to trace. Since IOHK, the company responsible for developing Cardano, was a key player on many of the projects or components on this network’s ecosystem, seems logical a large portion of ADA is linked back to them. However, the pseudonym user seems to believe that an important portion of the ADA supply in circulation can’t be linked to IOHK. Inventor Of Cardano Replies To Accusations The inventor of Cardano, Charles Hoskinson, replied to the accusations and to the Reddit post. Via his Twitter account, Hoskinson said: Had a look at the sundae Reddit posts that have been cropping up. It looks like the funds came from a Coinbase custody account that aggregates thousands of users. Later, Hoskinson shared a link to a full investigation conducted by Colin Edwards, a Quantitative Strategist at IOHK. Therein, he explains Cardano’s UTXO model and by using on-chain analysis tracks down the SundaeSwap frontrunner. Edwards posted the transactions that “jumped the queue” and the tools he employed to conduct his investigation. Ultimately, he concluded that a wealthy client probably using Coinbase Custody was behind the transactions. IOHK’s Quant said a subpoena, a product of a legal procedure, could identify the actor. He added: (…) practically all Ada is within 3 transactions of being on an exchange where it would have mixed with funds originating from IOHK. Having funds originating from IOHK deposited at a large custody company, along with funds from thousands of others, is a statistical certainty – not a smoking gun. Related Reading | Here’s What Cardano Founder Charles Hoskinson Wants For Christmas As of press time, ADA trades at $0.93 with a 9.2% profit in the last 24 hours. The 9th crypto by market cap seems to be following the general sentiment in the market as it bounces back from the lows amid Russia’s invasion of Ukraine.
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Bitcoin surged as much as 9% after a weekend selloff, on anticipation that cryptocurrencies may gain popularity as a result of Russian sanctions. According to TradingView, the crypto market appears to have recovered after weeks of poor performance, with the price of Bitcoin (BTC) rising 14.5 percent in the last week to little over $43,000. At the time of publication, the world’s most popular digital currency was trading at roughly $41,200. Bitcoin Price Surge As Russian Demand Rise According to Marc van der Chijs of First Block Capital, the spike can be explained in part by Russians fleeing the ruble, which has plummeted due to severe US and EU sanctions. On Monday, Van der Chijs said he saw bitcoin trading for up to $46,000 on some Russian markets, a $5,000 premium above its US pricing. Van der Chijs said: “There’s not normally a difference [between the Russian and US price of bitcoin] because there are arbitrage possibilities. That seems to indicate that this urge in bitcoin price is because of Russian buying.” Kaiko, an enterprise market data research firm, noted that Russia’s invasion of Ukraine has resulted in an increase in Bitcoin and stablecoin volume in both nations. Even outlier altcoins and memecoins with more volatility, such as Solana’s SOL, Terra’s LUNA, and Dogecoin, moved higher on Monday. Russians concerned about the currency’s and banking system’s stability may consider bitcoin as a method to safeguard their savings. BTC/USD trades at $41k. Source: TradingView.com Meanwhile, as countries throughout the world piled on sanctions in response to Russia’s invasion of Ukraine, President Vladimir Putin issued countersanctions. In offshore trade, the Ruble lost a third of its value at one point, its worst-ever drop. “Many Russian citizens and potentially Ukrainian citizens are cut off from being able to move their rubles, dollars, euros or anything else,” said Anastasia Amoroso, chief investment strategist at iCapital. “We see some evidence of an increase in bitcoin-ruble volume,” Blockchain.com research chief Garrick Hileman noted, cautioning that it was unclear if Monday’s price movements could be completely attributed to such trades. Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict Exchanges Restrict Trading According to data from crypto compliance firm Elliptic, the rise in bitcoin could be linked to consumers converting fiat into cryptocurrencies in order to donate to the Ukrainian military and charities, which have raised more than $22 million in crypto over the last five days. It could also be due to non-war-related issues, such as a tight schedule, he noted. Many prominent cryptocurrency exchanges, such as Coinbase and FTX, are not available in Russia. As a result, many Russians have resorted to Binance, a crypto exchange established in the Cayman Islands that enables trading between the ruble and bitcoin. Binance has agreed to block Russian users after Ukraine’s vice prime minister Mykhailo Fedorov demanded it on Sunday. Related Reading | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning Featured image from Pixabay, Chart from TradingView.com
So blocknative has taken a massive dump these past few months with their chrome extension and website not even being able to load gas prices half the time. What's a site/app that shows updated gas prices to the second that is actually viable and accurate when gas prices suddenly spike? submitted by /u/poemsfromnowhere…
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