Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Transferred an erc20 coin to eth… now it’s stuck!

Ugh, royally f’ed up… Transferred my FWB (friends with benefits) which is erc20 to my Etherium wallet on coinbase. Instead of swapping fwb to eth on Metamask first…I know I know… was 5k so not a small amount… Was told by Coinbase it’s probably just stuck on Etherium network and to call tech support at…
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If Bored Ape Yacht Club is currently the most successful NFT project, why is its subreddit so small and empty?

Something doesn't add up. Sure, you might say that they focus more on discord (as most NFT projects do), but if BAYC really had that much to offer as a project, way more people would be engaged in a discussion on reddit. I still think that it's a high level ponzi scheme based on gambling…
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Ethereum on-chain data hints at further downside for ETH price

An assortment of on-chain and derivatives data signal that ETH price is unlikely to rally above $3,500 any time soon.

US Senate confirms Lael Brainard as Fed vice chair

In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years.

Adoption truly happens shen people do not know they are interacting with blockchain technology.

Take GET Protocol for example. The ticketing system used is o.much like its web2 counterparts, that you would never know you were interacting or relying on Blockchain and crypto to get your ticket. It is easily accessible, user friendly and reliable. Adoption is not everyone sending bitcoin transfers. Adoption is a service being used whereby…
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Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City

On Tuesday, Fort Worth mayor Mattie Parker and Fort Worth revealed that the city is now the first U.S. city government in the country to mine bitcoin. According to the announcement, the city of Fort Worth has partnered with the Texas Blockchain Council to embark on the crypto mining endeavor. The City of Fort Worth […]

SHIB Soars 10% As Whale Buys 219 Billion Tokens

BlueWhale0073, an Ethereum investor, continues to invest in Shiba Inu, purchasing 219 billion meme tokens. The whale also made a purchase of 50 billion SHIB on 20th April. His most recent acquisition of the canine cryptocurrency is almost 5x bigger than the one made last week. WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. He had earlier added 86 billion SHIB worth $2,111,500 to his wallet on April 23.   Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter The owner of the “BlueWhale0073” wallet is one of the biggest buyers of SHIB. The whale has bought over 2 trillion Shiba Inu between April 10 and April 23.  However, the transaction page shows that the whale has already sold most of his SHIB tokens, leaving him with less than one billion Shiba Inu — 906808367.54 worth $22,010. As per the wallet page, 90% of its inflowing and outgoing cryptocurrency comes from SHIB. BlueWhale0073 is not the only Ethereum whale investing in Shiba Inu; other whales have been buying up the meme coin recently. For example, on April 25th, whale “Bombur” acquired 52 billion SHIB worth $1,178,967. Following Dogecoin, SHIB Also Increased by 10% The Shiba Inu rose 10.09% on Monday following a massive surge in Dogecoin. DOGE had skyrocketed after reports that Twitter had accepted Elon Musk’s bid to buy the social media giant. The news of Elon Musk’s purchase on Twitter saw Dogecoin spike over 13% in minutes. After these pumps, the billionaire had officially confirmed it, prompting money to pour into Dogecoin. The price of Dogecoin has continued to rise in value, with the past 24 hours showing an increase of around 32%. The coin is currently trading at $0.164.  Dogecoin maintained most of its gains, but SHIB has already lost a portion of yesterday’s profit. Shiba Inu is currently trading at $0.00002413.   Related Reading | TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle Shiba Inu Creates New Burn Mechanism To Get Reward The creators of the SHIB coin have released a burning mechanism that allows token holders to burn their tokens while earning passive income. If investors want to burn their SHIB tokens, they can use the Shiba Inu burning portal. This will send their tokens to a burn address, where they will be lost forever. This effectively introduces a way to reduce the total number of tokens in circulation, making them scarcer and more valuable. Featured image from Pixabay and the chart from Tradingview  

An actual use case for Web 3?

submitted by /u/bogusseduction95 [link] [comments]

Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.