Category: Cryptocurrency News

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

So this is a scary topic I came across and didn't run across much discussion on here, which is the problem of infinite spending approvals that can be authorized by smart contracts. This is especially going to be a problem as De-Fi and various Layer 2 projects take off as we are all too used…
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In late November 2017, I had about $45,000 in my bank account that I'd spent the last 5 years saving. Figured it was time to start thinking about investing it. So what did I do with it? You guessed it, I decided to go all-in on crypto. So I gradually transferred it onto an exchange…
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Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees.

I’d like to find where did the 100,000 tps originally come from. Thanks submitted by /u/tom_monero [link] [comments]

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

We’re seeing that EVM-compatibility is one of the factors that makes a blockchain competitive because of developer ease-of-use: see Avalanche, Harmony, etc that use EVM-compatibility as a selling point. Solana is quite a centralized system, with a large up-front cost to become a node, and few nodes worldwide. It is fast and it is cheap…
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A new proof-of-concept will be tested to send fiat-backed stablecoins between banks to reduce fees and transaction times on international payments.

I'm a student in a shitty third world country. The pay here is around $100 a month, and on top of that as a student it's impossible to find a job. Before my college started, I worked for about 2 months and got $250. I have decided to invest that into crypto. Now I'm looking…
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Bitcoin gained pace and climbed above $58,000 against the US Dollar. However, BTC is still struggling to gain pace for a move towards the $60,000 level. Bitcoin started a fresh increase above the $57,000 and $58,000 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $58,000 resistance to continue higher in the near term. Bitcoin Price is Consolidating Gains Bitcoin price started a fresh increase above the $55,000 and $57,000 resistance levels. BTC even climbed above the $57,000 level and the 100 hourly simple moving average. The price even broke the $58,000 resistance and traded close to the $59,000 level. A high is formed near $58,890 and the price is now correcting gains. There was a break below the $58,500 support level. The price declined below the 23.6% Fib retracement level of the upward move from the $53,300 swing low to $58,890 high. It is now trading above $57,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $58,000 level. Source: BTCUSD on TradingView.com There is also a key contracting triangle forming with resistance near $58,000 on the hourly chart of the BTC/USD pair. A clear break above the $58,000 resistance zone could open the doors for more upsides. The next key resistance is near the $58,500 level. Any more gains might push the price towards $60,000. If there is a close above the $60,000 level, the price could accelerate higher. Fresh Decline In BTC? If bitcoin fails to clear the $58,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $57,400 level. The first major support is now forming near the $56,200 level. The next major support is near the $56,200 level. It is close to the 50% Fib retracement level of the upward move from the $53,300 swing low to $58,890 high. Any more losses may possibly push the price towards $55,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently near the 50 level. Major Support Levels – $57,000, followed by $56,200. Major Resistance Levels – $58,000, $58,500 and $60,000.