Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Here’s why Hedera Hashgraph (HBAR) price just popped

submitted by /u/Perfect_Ability_1190 [link] [comments]

Geth down to 72% on https://clientdiversity.org/

… but the source https://supermajority.info/ shows 46% as unknown! How come big entities such as Binance, Kraken or OKX dont release publicly the clients they are using ??? submitted by /u/Llb3rty [link] [comments]

ARK Invest CEO Cathie Wood Believes Bitcoin Will Overtake Gold, Here’s Why

ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, delved into a lengthy discussion about Bitcoin’s historical and most recent price movements in relation to gold.  Related Reading: Crypto Analyst Says ADA Price Will Rise To $8, Here’s When Describing Bitcoin as both a “store of value” and a “risk off asset,” Wood emphasized the cryptocurrency’s notable rise, particularly when compared to gold. She shared a chart illustrating a Bitcoin to gold price ratio which revealed a robust and sustained upward trend for Bitcoin. This upward trajectory hints at the possibility of the cryptocurrency overtaking gold as a more valuable investment in the future.  Wood also discussed Bitcoin’s performance amid past economic crises. She highlighted a historical price pattern observed during the regional bank crisis in March 2023, noting that Bitcoin rose as high as 40% while the regional bank index, represented by KRE, was imploding.  Currently, the regional bank index is experiencing a similar crisis, and according to Wood, Bitcoin is following the same pattern by maintaining a steady ascent. She attributes this uptrend to the approval and introduction of 11 Spot Bitcoin ETFs into the cryptocurrency market.  As a result, Wood has categorized Bitcoin as a “flight to safety” investment asset, providing a space for individuals to store their funds against inflation and the effects of the economic crisis.    Spot Bitcoin ETFs Expected To Fuel Bitcoin Surge After the approval and launch of Spot Bitcoin ETFs on January 10, 2024, Bitcoin faced an unexpected decline, relinquishing a significant portion of the gains accumulated during the pre-approval excitement. The cryptocurrency dropped from a 2023 all-time high of over $45,000 to below $40,000.  Related Reading: Chainlink (LINK) Price Breaks Out Of Bullish Flag Pole, Here’s The Next Target Wood explained that Bitcoin’s descent after the introduction of ETFs resulted from intense anticipatory buying before the launch of ETFs, with a subsequent “sell on the news” event driven by opportunistic traders. Looking ahead, the ARK Invest CEO anticipates Bitcoin’s continued rise, propelled by the broader accessibility facilitated by Spot Bitcoin ETFs. She highlighted that Spot Bitcoin ETFs offered an easier and more inclusive avenue to access Bitcoin, attracting substantial inflows into the cryptocurrency as institutional investors actively participate in the market. BTC drops below $43,000 once again | Source: BTCUSD on Tradingview.com Featured image from Seeking Alpha, chart from Tradingview.com

Zenon Network | All-in-one Starters Guide

A truly user owner network quietly building some novel tech. submitted by /u/Virtual_Economist513 [link] [comments]

Ravencoin technology and future

Hello RVN holders. I've been mining RVN for a couple of years and I bought more in bear last year. I have a certain number of coins. The only thing that attracted me was that I can mine it very profitably because my electricity costs are low. I never wondered what technology was behind the…
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Ripple Initiates Large XRP Transactions Post Legal Setback

Ripple Labs, a leading cryptocurrency payment firm, has been seen moving millions of XRP tokens following the United States Securities and Exchange Commission’s (SEC) recent victory in a legal dispute. Ripple Moves Millions Of XRP As Price Holds Steady According to a recent report, Ripple Labs moved a whopping 120 million XRP tokens valued at about $60.8 million. The move has caused quite a stir within the XRP community and heightened sell-off anxiety in the face of increased market volatility. Related Reading: XRP Records Highest Single Day Whale Accumulation Since Ripple’s Partial Victory Over SEC This comes after the payment firm experienced a legal setback in court on Monday. The SEC’s motion to force Ripple to provide its financial statements for XRP was granted by the Southern US District Court of New York. It was reported by Bithomp that the aforementioned funds were transferred to a Ripple-related wallet that was used for massive transfers. Data from Bithomp revealed that the wallet address rBg2Fu…uJ4vt5x1o91m moved the funds to a separate wallet address rP4X2hTa7…XvPz7XZ63sKxv3. This indicates that the transaction might include the transfer of such large amounts using other wallets or companies under Ripple’s control. Furthermore, the transfer might just be connected to Ripple’s payment services. As a result, it will allow banks to utilize XRP to send funds across borders almost instantly and for a minimal cost.  It is noteworthy that the address that received the funds has transferred a notable portion of the XRP tokens. However, the address still contains about 90 million XRP valued at approximately $45 million. Bithomp also reported that the firm was seen moving about 53.75 million XRP tokens valued at about $27.5 million. Data from the on-chain platform shows that the wallet address rKveEy…ZsoGMb3PEv transferred the funds to another wallet address rPfSrrKY…R7g1tYzDDJoAys. The Payment Firm Brings XRP To The US Market Ripple has announced its plan to transform international payments in the US with XRP and its payment services. According to the firm, they will be introducing “new product updates that will cover the majority of US states.” Related Reading: Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing These fresh products are going to be powered by its Money Transmitter Licenses (MTLs). Initially, Oliver Segovia, Senior Director and Head of Product Marketing for Payments at Ripple, shared the announcement on Linkedin.  Segovia explained that although Ripple’s global headquarters is located in the US, 90% of its businesses serve organizations outside. Specifically, he acknowledges that for the last three years, the firm has remained somewhat quiet in the US market. Despite these developments, XRP’s price has still been down by 5.42% in the past week, holding steady at $0.50. Interestingly, its trading volume has increased by over 25% in the past 24 hours. Featured image from iStock, chart by Tradingview.com

Advance Solidity: Learn Object-Oriented Design

In solidity, contracts serve a role similar to classes in traditional programming languages. In this context, a contract can be viewed as a blueprint or description outlining the properties and behaviors of an object within the Ethereum blockchain. In this 7th article of this Ethereum Development series, we will look into a more advanced topic…
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Solana Network Suffers Brief Outage, SOL Steady

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Binance is deploying strategies to counter Bybit ? 🟡

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