Coming to Consensus – The Daily Gwei #346
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The Chinese crackdown on mining activities has awakened a lot of decisions and actions. Many miners are already trooping to the US, the new mining hub, to continue their operations. Recently, the NDRC (National Development & Reform Commission) in China seized more than 10,000 mining rigs in Inner Mongolia. The report even disclosed that the operation was the 45th time that the watchdog has carried such out. Given the losses that miners incur in the wake of these incidents, many forward-thinking companies are protecting their interests. One of such companies to take proactive action is Huobi Global, a crypto exchange with millions of users, including Chinese citizens. The first step the company took was to restrict the Chinese citizens on its platform. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Now, mainland china residents can no longer access the platform. As a result, Huobi Global is currently moving funds to fill the withdrawal needs of the clients. Also, it plans to stop all Chinese accounts gradually until December 31. Miners Move Bitcoin To Support Withdrawal Needs Huobi Global is occupying the eighth position amongst the largest Bitcoin Pools. However, now that they’ve restricted Chinese citizens, the miners have to move their funds worth $4.21 Billion to meet the withdrawal needs. Bitcoin is now gradually recovering its previous losses | Source: BTC/USD on TradingView.com Apart from this Bitcoin fund movement, there were massive movements from Ethereum wallets on September 26, amounting to 800,000 ETH or $2.29 billion from ETH whales. Related Reading | Miner Refunds The Giant Sum Of 7,626 Ethereum Mistakenly Sent By Bitfinex The crackdown from the Chinese government is causing havoc in many pools as many exchanges are no longer allowing new entrants. The Huobi Global exchange is amongst the exchanges affected by this development. Featured Image by Pexels – Charts by TradingView
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EtherCanvas is a Dapp running on Polygon. It is a digital canvas made up of 7056 non-fungible tokens (tiles). Tile owners are able to create their own artwork and add their updated tile to the Canvas. All of the tiles are displayed next to each other, similar to /r/place. It's on Polygon so fees are…
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The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.
Hi! What do you guys think? Is it a big potential on crypto market or not? I'm talking about Webdollar (WEBD) – the concepts of simplicity, lightness and portability… u/webdollar http://webdollar.io I got the info from u/odia1111 Any pertinent oppinion is welcome, thanks! submitted by /u/SGF_74 [link] [comments]
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Transaction: https://explorer.roninchain.com/tx/0xc8b4d588822e7c1b9e6b614224f6eb5cd3ba93f1c20f5cca176e045cebe6a3cc Sender Address: https://explorer.roninchain.com/address/ronin:aa9f4da172eeb1a61d9f452f9dab584e9313ac3b receiver Address: https://etherscan.io/address/0x26e36017713f960f85d4518e319f9bd6e39efd4c the receiver Address can be found in the transaction under Log(2) under Address Ronin Gateway Contract -> Topics (it is the 2 topic). so everything seems fine, right? why did the 0.1 ether never arrive at the receiver address? is it possible that a miner just didnt…
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