I am currently writing an academic paper about Ethereum, i searching for a good source about Ethereum transactions throughput. I would be nice to see what was the throughput L1 before and after PoS transition, and after all the L2 Have a good week end! submitted by /u/Hadse [link] [comments]
One suspect was arrested while trying to destroy potential evidence with paper shredders and bleach in the bathtub of an apartment.
In a whirlwind of anticipation, the Shiba Inu community is holding its collective breath as Shytoshi Kusama, the chief architect behind SHIB, hints at breaking his silence. With a slew of developments on the horizon for the Shiba Inu project, the statement amplifies expectations for potential significant updates. In a message conveyed by team member Lucie on Twitter, Kusama emphasized his unwavering support for the Shiba Inu community, stating, “We FULLY intend to support the community. Hence the paper. Takes time, that’s all. But I think it’s time for my silence to end SOON.” This announcement has fueled heightened expectations and excitement for what’s next for the Shiba Inu project. Potential Shiba Inu News The Shiba Inu project has been the subject of much discussion recently, especially with recent alterations and announcements. A few days ago, there was a notable transformation of BONE, Shibarium’s gas token. The process, termed “renouncing,” ensures that BONE has now become fully decentralized, thereby eliminating any chance for future alterations or manipulations by the contract owner. Related Reading: Shiba Inu Update: 530% Spike In Shibarium Metric Could Trigger SHIB Recovery Kaal Dhairya, a prominent developer within the Shiba Inu community, took to X (previously known as Twitter) to affirm this significant shift. He remarked, “The deed is done, BONE is now renounced via the TopDog contract. We will continue to build decentralized, permissionless systems for the benefit of the community.” Furthermore, on the dawn of September, Lucie, who holds the mantle of Shiba Inu’s Marketing Officer, pulled back the curtains on the unveiling of Wrapped BONE. WBONE has been introduced as a Shibarium-based token. It offers a standardized representation of the BONE token, ensuring its compatibility with the diverse ecosystem of smart contracts and DApps on the Shibarium network. So, what developments can be anticipated next? Speculation runs rife on the next potential move for Shiba Inu. ShibaSwap’s transition to Shibarium has been a hot topic since Kusama’s last update in August, where he hinted at the move happening “soon”. However, an echoing silence has surrounded ShibaSwap’s migration progress since then. However, the Shibarium project is more than just ShibaSwap and there’s a broader vision. The SHIB team has pledged to transition all Shiba Inu-linked ventures to the state-of-the-art Shibarium platform. This migration includes captivating offerings like non-fungible tokens (NFTs). Moreover, eyes are keenly set on “Shib: The Metaverse” – a metaverse product that has been in the wings for some time without any fresh updates as of lately. SHIB Price Poised For Massive Rally? In recent days, the Shiba Inu price has shown a slight uptrend. However, the 4-hour chart shows that the bulls need to show much more buying power to break out of the sideways trend of the last three-plus weeks. Today, the SHIB price was rejected at the 38.2% Fibonacci retracement level of $0.00000742. Related Reading: Shiba Inu At $0.0000072: Sellers Push For Breakout From Compact Zone In order to build more bullish momentum in the smaller time frames, it is essential for SHIB to break through this resistance. As of now, the 23.6% Fibonacci retracement level at $0.00000753 and the September 23 local high at $0.00000770 are key price targets. If SHIB can build bullish momentum on the smaller time frames, this could also suggest that SHIB bulls are winning the battle on the higher time frames where a bullish quadruple bottom or a descending triangle is looming (1-week chart). As explained in previous analyses, both patterns are still too similar to make a final judgment at the moment. If the quadruple bottom bottom—a noteworthy pattern in technical analysis—is validated, SHIB could be poised for a substantial rally. Market participants would be wise to observe the 23.6% Fibonacci retracement level closely, situated at $0.00002545, which could signify an approximate surge of 250% from its current standing. However, the bullish scenario depicted by the quadruple bottom is juxtaposed by the contrasting bearish implications of the descending triangle. A breach below the support level of $0.00000715 could corroborate the descending triangle pattern, likely thrusting SHIB toward a low of $0.000006 for the year. Such a breach may lead SHIB into unknown territory, with the prospect of establishing a new all-time low becoming a stark possibility. Featured image from Shutterstock, chart from TradingView.com
Bitcoin stubbornly refuses to give up its latest gains as BTC price seeks to flip $27,000 to support into September’s last Wall Street open.
According to Kiyosaki, the Fed CBDC would result in the loss of privacy but also lead to the increase in value of gold, silver, Bitcoin, and cash, which he believes will become “priceless,” and suggests investing in these assets and saving them “now before it’s too late submitted by /u/Crypto-Jim33 [link] [comments]
Curve Finance’s native token, CRV, has recently experienced a notable uptick in value, driven by a sudden surge in whale accumulation. As the decentralized finance (DeFi) platform’s token rebounds from its November 2022 low of $0.4, crypto enthusiasts are left wondering whether this momentum is sufficient to initiate a sustained bullish trend for CRV. Over the weekend, cryptocurrency tracker Lookonchain detected an interesting activity involving two significant whales. The first whale orchestrated a substantial withdrawal, amassing a staggering 19.56 million CRV tokens valued at approximately $10.33 million from the popular crypto exchange Binance. Related Reading: Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today What makes this move even more intriguing is that the whale proceeded to stake the entire sum on Convex Finance (CVX), a DeFi platform intricately designed to empower Curve users in enhancing their rewards. Not to be outdone, another whale executed a withdrawal of 5.78 million CRV tokens, worth in excess of $3 million, from Binance on a Sunday, further piquing the curiosity of the crypto community. Whale”0xDf14″ withdrew 5.12M $CRV($2.7M) from #Binance again 6 hours ago. And the whale has withdrawn a total of 19.56M $CRV($10.33M) from #Binance in the past 3 days. The whale staked all $CRV on #Convex.https://t.co/eSOmZSlmk8 pic.twitter.com/8fXj2VVk3T — Lookonchain (@lookonchain) September 25, 2023 Resistance Looms, Yet Potential For CRV Persists The current price of CRV on CoinGecko stands at $0.515, reflecting a 0.1% decline over the past 24 hours but showing a promising seven-day rise of 16%. Despite the upward surge, CRV is currently confronting a resistance zone in the vicinity of the $0.55 mark, potentially attributable to short-term traders capitalizing on their gains. In the event that supply pressure mounts, this altcoin could undergo a minor retreat, possibly descending to levels around $0.5 or even $0.45 as it regains its bullish footing. CRV market cap currently at $459 million. Chart: TradingView.com If the ongoing recovery trend retains its momentum, CRV’s price, according to a price report, may aspire to another notable ascent, targeting a 10% upswing to challenge the upper threshold of a long-standing channel pattern. Taking a step back to assess the broader picture, the CRV token has endured a prolonged correction phase, ensnared within a descending channel pattern that has persisted since February 2023. Related Reading: Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today Implications For The Future As CRV navigates the currents of the crypto market, the recent surge in whale accumulation adds a layer of anticipation to its journey. Whether this accumulation is indicative of a more sustained bullish run remains to be seen, as the token grapples with resistance levels and supply dynamics. Nonetheless, the evolving dynamics surrounding CRV underscore the ever-evolving nature of the cryptocurrency space, where market sentiment and investor behavior can rapidly shift the course of a digital asset. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock
Circle noted that assets pegged to USD are not securities, partly because users are not expecting any profit from acquiring them.
The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.
In continuation of its recent wave of delays, the US Securities and Exchange Commission (SEC) has further delayed the Spot Bitcoin ETF application of the world’s largest asset manager, BlackRock. SEC Request For Comments On BlackRock’s Bitcoin ETF Application In its release concerning BlackRock’s application, the SEC called for written comments on why the iShares Bitcoin Trust should be approved or disapproved. This move ultimately extends the period in which the Commission can decide on the proposed rule change, with the next deadline coming on January 15, 2024. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600? As part of its request for comments, the SEC specifically asked commenters to give their views on whether the Chicago Mercantile Exchange (CME) represented a regulated market of significant size for spot Bitcoin. It also asked them to give their views on the correlation between the Bitcoin spot market and the CME Bitcoin futures market. It is unknown what the SEC aims to achieve from this, considering that the court had ruled in Grayscale’s case against the Commission that the spot and futures market were correlated. Therefore, there was no reason why ETFs relating to both markets should enjoy different regulatory treatment. Meanwhile, in a similar fashion, the SEC also extended the deadline for a decision on the Spot Bitcoin ETF applications of Bitwise, Invesco, and Valkyrie. Following this, the next deadline for the SEC to decide on these applications is in January 2024, with Bitwise’s coming on the 14, Invesco on the 15, and Valkyrie’s on the 17 of that month. It is worth mentioning that the SEC can still further delay these applications one last time before it finally has to decide on them. If that happens, these ETFs are likely not to launch (if approval is given) until mid-March. Meanwhile, the SEC must decide on the ARK 21Shares Bitcoin ETF by January 10, 2024. The SEC is still expected to delay the Spot Bitcoin ETF applications of WisdomTree, VanEck, and Fidelity before a potential government shutdown on October 1. Not A Bad Day For Valkyrie Despite the delay of its Spot Bitcoin ETF application, asset manager Valkyrie and its investors still had something to cheer about, as it is reported to have gotten the nod to offer exposure to ETH futures contracts through its Valkyrie Bitcoin and Ether Strategy ETF. The asset manager had earlier applied to the SEC to convert its Valkyrie Bitcoin Strategy ETF (BTF) to a new fund that holds both Bitcoin and Ethereum futures contracts. Related Reading: Ripple CTO Addresses Bitcoin Adviser’s Claims That XRP Is Centralized This move was then touted as a way for the asset manager to gain a first-mover advantage over the rest, and it looks like it worked, as it will become the first to offer US investors the chance to bet on the future price of Ethereum. Confirming this news, Bloomberg Analyst James Seyffart stated that Valkyrie’s ticker will begin holding “a small % of ETH futures” from September 29 and will switch to “50% ETH 50% BTC” from next week. BTC jumps above $27,000 resistance | Source: BTCUSD on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occurring off-chain.
