Category: Cryptocurrency News

Bitcoin on-chain activity dropped this low after May 2021’s crypto market crash and hasn’t risen above this level since.

Bitcoin has once again passed the key milestone of $50K after a week that saw some of the biggest global corporations make moves on the digital asset market. Retail giant Walmart posted a job for a crypto expert to investigate virtual payment options, Facebook announced that their crypto wallet is approaching its launch date, and Microsoft said it is considering using Ethereum to counter-piracy. Meanwhile, the second-largest U.S. mortgage lender revealed plans to accept cryptoasset payments for home loans. This headline-grabbing news helped the market shrug off an exchange hack in Japan, and prices moved up across the board. Top-performing assets include Cardano, which rose to an all-time high ahead of the upcoming Alonzo upgrade, and Algorand which added 25% on the launch of a tokenized real estate marketplace. This Week’s Highlights Cardano becomes third-biggest crypto ahead of Alonzo upgrade Facebook’s crypto wallet prepares for launch Cardano becomes third-biggest crypto ahead of Alonzo upgrade Cardano has risen rapidly through the ranks this past week, toppling Tether and BNB to become the third-largest cryptoasset by market cap. The Ethereum rival ADA added 40% to reach new all-time highs, making a total increase of over 100% in August so far. This comes ahead of the highly-anticipated Alonzo upgrade, which is expected to deploy long-awaited smart contract functionality to Cardano on September 12th. According to data from CoinShares, some of Cardano’s price rally could be driven by institutional investors. The cryptoasset management firm’s latest report shows that Cardano has attracted institutional inflows of $39 million, year-to-date. Facebook’s crypto wallet prepares for launch Facebook’s Novi wallet, designed for its Blockchain-based stablecoin Diem, is “ready to come to market” according to co-founder David Marcus. The project, formerly known as Calibra, aims to challenge traditional payment solutions with “an interoperable digital wallet that will enable people, and eventually small businesses, to move money [via the cryptoasset Diem] around domestically and internationally in a quick and affordable way.” Given Facebook’s dominance in the social media sphere, traders will be watching closely to see whether the project can bring some of Facebook’s enormous global user base into the cryptoasset ecosystem. The week ahead Excitement is building after Bitcoin blasted through $50k. Beyond this key psychological threshold, all-time highs at $65k are almost within reach. In the coming week, however, Fed officials will meet for their annual symposium to discuss potentially tapering the monetary stimulus that is widely thought to have powered stocks to record highs. Any suggestion of changes in policy could catalyze volatility in Bitcoin, which according to research from Santiment has correlated “quite strongly” with the S&P 500 over the last month.   Wikimedia Commons

Can't help but notice that scammers are taking their liking to eth a lot. And people has always fall for those giveaway / doubler scams all the times. How do we combat it aside educating the newcomers ? I think i might go build a website that lists all scam addresses (and check the youtube…
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Hi guys I'm fairly new to this topic, and I was just wondering if my R5 3600 , 1080 ti gaming pc could make good bucks in 2021. If somebody uses a 1080 ti, pls let me know how it goes monthly without electric expenses. Thanks!! submitted by /u/Sir_Lord_Griffith [link] [comments]

Hi I have recently found the keystore for an old wallet. It has very little value in it but I am keen to access it either way. I have the keystore. I have the public address and the date the wallet was created. I was wondering if there is any way to get access to…
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I lost my job in April during the pandemic. I told myself that my next job would be in a position that somehow was crypto related. Being a system admin I figured it shouldn't be too hard. Unfortunately they are few and far between still. But after multiple positions applied for and multiple rejections after…
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There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product.

​ EXPERIMENT – Tracking Top 10 Cryptos Of 2020 – Month Nineteen – UP 552% The full blog post with all the tables is here. Welcome to the monthly recap for the 3rd of 4 homemade Top Ten Crypto Index Funds. The 2020 Portfolio is made up of: Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin,…
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Solana, with its fast-growing ecosystem, has found a position at the forefront within the crypto space. By hitting $314 million in its private token sales, Solana crept the headlines in early June. Polychain and Andreessen Horowitz pioneered the Solana token sales. This funding impacted greatly in developing the fast-growing ecosystem of Solana. This pushes it as one of the top competitors to Ethereum, the blockchain with the widest usage. Before now, the Ethereum blockchain has high demand from crypto users and investors. Unfortunately, this results in network congestion and exorbitant transaction fees. The congestion propelled the great opportunities for sidechains and Layer 2 solutions. Also, Layer 1 networks can take from the loopholes and create scalable decentralized apps beyond Ethereum. Solana falls under such Layer 1 networks. Related Reading | Coinbase States Infrastructure Bill Could Impact 60 Million American Crypto Owners Founded in 2017, the project team realized over $25 million through its private and public ICO token sales. March 2020 brought the release of the main net beta. The project is reputable for its 400ms block time and 50,000 throughput for transactions per second. This performance is higher than Bitcoin and Ethereum’s current version by several thousands of times. Though both of these formers platforms rely on Proof-of-Work consensus. Solana has a theoretical capacity of 700,000 transactions per second through its focus on scale for more adoption, as contained in its whitepaper. The technological design of Solana accounts for its high performance in scalability. The blockchain can process transactions horizontally in parallel using its sea-level runtime. Thus, the blockchain has continuous scalability with validator GPU improvements, thereby maintaining low fees. The CEO of Solana Labs, Anatoly Yakovenko, reveals that the network’s scalability level is proportionally linked to hardware computation. This accounts for its execution of tens of thousands of transactions of smart contracts in parallel. Also, the network uses several GPU cores to validators. The major network down part is that running a specialized hardware validator can cost thousands of dollars. Solana Performance Trend Solana satisfies its aim of having a distributed system for transaction scalability in proportion to its bandwidth. The network achieves its aim through the use of some features like the consensus algorithm Tower BFT. Other outstanding enabling features are the Proof-of-History and Proof-of-History-Optimized versions of BFT. The network currently boasts over 900 validators. Though Ethereum remains the most Defi smart contract blockchain, Solana has made a name than other Layer 1 chains. It’s more decentralized than Binance Smart Chain, Polkadot, Fantom, and Cosmos. Solana has maintained a bullish momentum and it seems to be on an upward direction | Source: SOLUSD on TradingView.com Several new protocols are building on the Solana blockchain to leverage its fast and low transaction fees. This has propelled more rise of more dApps in the Defi ecosystem. The ecosystem now has more decentralized exchanges, yield aggregators, automated market makers, and stablecoin swap platforms. Related Reading | SushiSwap Narrowly Escaped A $350 Million DeFi Hack, Here’s How Others include NFT marketplaces: wallets, gaming platforms, and derivatives. The Chain also has projects based on infrastructures such as block explorers, oracles, launchpads, and data analytics tools. When it comes to its operability, unlike Ethereum, SOL has no support for Solidity programming language. So, it’s not EVM compatible, and this puts a gap in its competition with Ethereum. However, the Solana network utilizes Rust as its programming language. Fortunately, Rust is becoming one of the preferred languages in the most developing communities in the Defi ecosystem. Furthermore, Neon Labs plans on providing SOL with EVM compatibility by porting Solidity smart contracts on the network. Featured image from Pixabay, chart from TradingView.com