Crypto bills could be delayed as many prepare for US gov't shutdown
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30.
Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don’t reach a decision on government spending by Sept. 30.
In my last post, I gave a non-technical introduction to elliptical curves which form the backbone of security for all the cryptocurrencies we love. This is the second post in the series which I will henceforth call ‘Cryptography for Everyone: A Citizen Science Journey’. It is meant for all those non-technical noobs like me out…
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Love the photo. Lol submitted by /u/Successful_Craft3076 [link] [comments]
According to BNB Chain, MetaMask was averaging recommended fees from multiple networks, causing opBNB recommended fees to be too high.
With contrasting events in the industry, crypto investment products have witnessed a continuous outflow for the sixth week. Some altcoins demonstrate resilience in this trend, defying the broader market sentiment. Dissecting The Crypto Outflow Trend Crypto funds have witnessed a net outflow of $9 million in the past week, taking the total to roughly $464 million over the last ten weeks, according to Coinshares’ latest digital asset fund flow weekly report. Related Reading: Crypto Fund Flows: Millions Exit Bitcoin, But These Three Coins Hold Their Ground Relevant digital asset management players like CoinShares, Grayscale, 21Shares, Bitwise, and ProShares have felt the heat of this ongoing trend. To put things into perspective, the outflows have cooled from the previous week’s $54 million, but they still extend the continuous ten-week streak of net capital movement away from these products. A closer look into the report reveals this trend isn’t uniform across regions. Europe has somewhat resisted this wave, recording inflows of $16 million. James Butterfill, Research Head at CoinShares, pinpoints the regional sentiment divergence to varying reactions to the regulatory environment. According to Butterfill, European investors see the “recent regulatory disappointment as an opportunity,” while their US counterparts have pulled out $14 million, possibly due to dismay over recent events. Moreover, trading volumes in crypto funds have reflected the same caution. From exceeding $1 billion in the previous week, the volume plunged to $820 million, substantially less than the yearly average of $1.3 billion. Not All Assets Feel The Pinch Bitcoin, the flag bearer of crypto, hasn’t been immune to this trend, registering outflows for three consecutive weeks, with a dip of $6 million in the past week alone. Interestingly, Short-Bitcoin products, which gain when Bitcoin prices fall, have seen outflows of $2.8 million. This suggests a larger narrative where investors may unwind their bearish bets on Bitcoin. According to Butterfill, this outflow signifies a reduction of 78% in those assets under management over the past 22 weeks. Ethereum, another heavyweight in the crypto arena, has also felt the pinch, with outflows recorded for six weeks consecutively, resulting in a recent reduction of $2.2 million. In contrast to the major players, XRP and Solana are bright spots in the market. This week, they registered inflows of $660,000 and $310,000, respectively. Interestingly, this isn’t the first time these two altcoins have shone amidst the gloom. Last week, both assets witnessed significant inflows. Solana led the way with $700,000, followed by Cardano and XRP, which attracted inflows of $400,000 and $100,000, respectively. While Cardano didn’t cut notable inflows this week, XRP and Solana’s positive inflows amid broader negativity suggest a selective and value-driven approach by some investors in the altcoin market, according to the report. Meanwhile, despite their recorded upward capital movements, XRP and Solana still feel the brunt of the global crypto market downturn. Related Reading: FTX’s Billion-Dollar Solana Liquidation: Market Crash Or Just Hype? Particularly, both assets have been in red, with XRP down by 1.5% in the past day with a current price of $0.50 and Solana seeing a slight 0.5% upward move over the same period with a trading price of $19.60 at the time of writing. Featured image from iStock, Chart from TradingView
The Isle of Man and Florida-based computing startup Lonestar are partnering with NASA to pioneer a blockchain-verified, data storage solution on the Moon.
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From what I understand, spending less gwei means a longer transaction time, and spending more gwei will shorten it. Personally I don't really care how long the transaction takes, I just want to pay as little in fees as possible. For some reason, coinbase wallet only lets me change the gwei sometimes. I have no…
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The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.