Category: Cryptocurrency News

Can someone enlighten me please. lets say for example I am staking beth at the moment and I am receiving my daily reward. Is it worth for me to swap them to wbeth or not? of course to get more beths. PS: I dont want to move then out of binance. submitted by …
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Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week.

Toncoin (TON), in a surprising turn of events amidst a bearish market, has witnessed an extraordinary surge in its price value over the last seven days. Market indicators and metrics have overwhelmingly favored TON, painting a bullish picture for the cryptocurrency.  This unexpected rally was ignited by the breaking news of a partnership involving the renowned messaging app Telegram, further solidifying TON’s position as a preferred blockchain for Web3 infrastructure. Related Reading: Cardano Analysis: How Much Energy Do ADA Bulls Have To Hit $0.3 Milestone? Endorsement Of Toncoin Fuels Bullish Momentum The catalyst behind TON’s remarkable surge was the official endorsement of the TON network by Telegram. This strategic partnership has positioned TON as the go-to blockchain solution for Telegram’s Web3 infrastructure. What’s particularly exciting is the seamless integration of Telegram’s user interface with the TON network, promising a synergy that could reshape the landscape of decentralized applications (DApps) and decentralized finance (DeFi). Toncoin’s price action immediately reflected the positive sentiment following the Telegram partnership announcement. In a market where leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) had been struggling, TON stood out with a remarkable seven-day surge of 38.9%, showcasing its resilience and growth potential. TON market cap at $8.1 billion on the daily chart: TradingView.com As of the latest data from CoinGecko, TON is currently valued at $2.34, demonstrating a robust performance even amidst a brief 2.6% decline over the past 24 hours. Coinglass reported a notable increase in TON’s open interest during this price uptick, suggesting that the bullish momentum may persist in the days to come. Price analysis reports an uptick in TON’s open interest, signaling that the current bullish trend might persist in the coming days. Additionally, the cryptocurrency’s daily active addresses have surged significantly, suggesting increased user engagement and network activity. LunarCrush’s data adds another layer of optimism to the mix, as it highlights a substantial increase in TON’s trading volume – a classic bull signal.   TON daily addresses climb. Source: LunarCrush Navigating High Volatile Zone As investors and traders keep a close eye on Toncoin’s meteoric rise, the Bollinger Bands indicate that TON’s price is firmly situated within a highly volatile zone. This volatility adds an element of excitement and potential opportunity for those looking to ride the wave of continued northbound price movement. Related Reading: Algorand (ALGO) May Have A Chance At A Bullish Streak – Here’s How Toncoin’s recent surge stands as a testament to the power of strategic partnerships and the growing influence of Web3. With Telegram’s official endorsement, TON has not only garnered increased attention but also gained credibility as a blockchain infrastructure provider.  Investors and enthusiasts alike will undoubtedly be watching closely to see if this bullish momentum is here to stay. (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 Pinterest

Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username “jolamchok” on Instagram, for his association with crypto exchange JPEX.

The National Payment Corporation will be responsible for the development of “digital financial infrastructure,” including the implementation of the digital tenge.

The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and Clinical Psychologist Jordan Peterson has suggested that customers should abandon the banking system and probably adopt Bitcoin. Jordan Peterson Says Bitcoin Over Banks  Peterson was making this suggestion in response to a news report that Macquarie Bank, Australia’s fifth largest bank, was planning to transition to a digital-only banking system by November 2024. In line with this, the bank will begin phasing out cash, cheque, and phone payment services as part of its offerings.  Related Reading: Ethereum Merge Is One: Here Are The Highlights So Far The psychologist quoted the report and stated, “Maybe it’s time to scrap Banks,” and further quizzed, “Could Bitcoin fix this?”  Maybe it’s time to scrap Banks Could Bitcoin fix this? https://t.co/j6wldXMv7P — Dr Jordan B Peterson (@jordanbpeterson) September 14, 2023 For one, Macquarie Bank’s decision has been widely criticized as it potentially excludes certain customer groups. Furthermore, this move also highlights one of the problems that cryptocurrencies like Bitcoin aim to solve by giving customers more control over their money. It is believed that these financial institutions shouldn’t be able to have so much control over people’s finances and decide how they spend their money as these banks could easily implement policies that do not favor or cause difficulties to certain customer groups.  Additionally, Macquarie, in a statement, described digital transactions as being a “safer, quicker, and more convenient way to bank.” However, crypto advocates beg to differ as, in response to Peterson’s tweet, some responded that networks like the Bitcoin Lightning Network, XRP Ledger, and Bitcoin Cash are a better alternative than the banks’ digital systems.  Lightning Network To The Rescue Many, including Republican presidential candidate Aaron Day, seem to be against the idea of Bitcoin replacing banks. In response to Peterson’s tweet, Day stated that the traditional banking system could do between 50,000 and 100,000 transactions per second (TPS), unlike Bitcoin, which has a TPS of seven. He also elaborated that the CBDC pilot in the US can do 1.7 million TPS. No, it couldn’t. The traditional banking system can do 50k-100k transactions per second. The CBDC pilot in the US can do 1.7 million TPS. BTC can do 7 TPS. You need to do some research before you spout BTC. You might think you are in the in crowd but you’ve actually taken a… — Aaron Day 2024: Truth and Transformation (@AaronRDay) September 14, 2023 Following this, crypto supporters quickly responded that the Bitcoin Lightning Network helps to solve this problem as it boasts a TPS of up to 1 million, making it faster than the traditional banking system, which Day argues for.  Related Reading: Bye Bye Birdie: Binance Begins Process Of Axing BUSD Stablecoin The network is able to provide a quicker alternative while enjoying the security that the Bitcoin blockchain provides. Blockchain technology (which cryptocurrencies run on) is said to be more secure and transparent than the traditional banking system. Meanwhile, many in the Bitcoin community seemed to be happy about the idea of Jordan Peterson mentioning the foremost cryptocurrency on his platform, as that could suggest that Bitcoin is about to gain a major proponent. The Canadian psychologist boasts a huge follower base with 4.6 million followers on his X (formerly Twitter) platform. BTC price resumes uptrend toward $27,000 | Source: BTCUSD on Tradingview.com Featured image from X (formerly Twitter), chart from Tradingview.com

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Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”