The purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum coin mixing service Tornado Cash. One of the CrypToadz nonfungible tokens (NFTs), whose average price doesn’t exceed $1,000, was bought for an astonishing 1,055 Wrapped Ethereum (wETH), an equivalent of $1.6 million. The…
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I am trying to get a better understanding of how the governance model of Ethereum work. Lets say a controversial but arguably much needed update is proposed through the EIP program. If this is the right path for eth or not, the community is rather split about. How do the Ethereum community proceed with such…
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The contract will mint and burn quite a lot of NFTs and will be interacted with by lots of addresses. submitted by /u/Grammar_Natsee_ [link] [comments]
Cardano (ADA) has been grappling with maintaining its position above the recently reclaimed $0.26 threshold, signaling the possibility of a bull trap. The cryptocurrency’s price has retraced below this critical level, raising concerns of accelerated selling momentum that could potentially drive ADA toward the multi-month support level at $0.2. As of the latest data from CoinGecko, the current ADA price stands at $0.249, reflecting a 2.1% decline over the past 24 hours and a 3.5% dip in the last seven days. According to a price analysis report, ADA could experience a further 5.5% loss before finding support at the next significant level of $0.24. This downturn follows a noteworthy upturn observed toward the end of September when ADA surged by 12% from its base at $0.24. However, the recent geopolitical tensions stemming from the Israel-Hamas conflict in the Middle East have draped an ominous cloud over the world of finance. Like an unexpected thunderstorm on a sunny day, these tensions have caught investors off guard, leading to a profound dip in both stock and cryptocurrency markets. Related Reading: What’s Behind XRP Price Retreat? Assessing Some Eye-Opening Metrics ADA Bounce Back: From Deflated Sentiment To Potential 15% Upside The sudden change in events has made investors cautious due to uncertainty, reminding everyone that the financial world can be as unpredictable as the weather. Even experienced investors are being careful in these uncertain times. Looking at historical data and the altcoin’s pattern, ADA’s support at the $0.2 level has consistently acted as a springboard, indicating its potential to catalyze another upward shift. The report highlights the possibility of a rebound from this juncture, which could potentially propel ADA’s prices by approximately 15%, targeting the $0.28 mark. In the midst of these price fluctuations, Cardano has achieved a significant milestone with the completion of its decentralized funding initiative, Project Catalyst. The 10th iteration of this initiative set impressive records in key metrics, underscoring the growing enthusiasm within the ADA community for blockchain-based projects. Discover the incredible journey of #ProjectCatalyst in #Fund10 with @danny_cryptofay. 🙌 Over 400,000 votes, 1500+ ideas, and 192 projects chosen by YOU. Your votes, your vision! 🗳️ Watch the full show here: https://t.co/N2dHW1HUxY #CardanoCommunity #Cardano #Cardano360 pic.twitter.com/i8tH9m6Riq — Input Output (@InputOutputHK) October 9, 2023 Cardano Community: 2 Million+ Voters Shape Catalyst’s Future During Fund 10, which marked the latest iteration of Cardano’s incubator Project Catalyst, more than 400,000 ADA enthusiasts actively participated in voting for promising projects on the blockchain. When combined with the participation from the previous nine rounds, the total number of voters exceeded an impressive 2 million, indicating the growing engagement and commitment of the Cardano community in shaping the future of the platform. Related Reading: Shiba Inu Stagnation: What’s Causing Meme Coin’s Recent Sluggishness? Cardano (ADA) faces a challenging period as it grapples with maintaining its position above $0.258, with potential bearish signals looming. However, the recent success of Project Catalyst and the enthusiastic participation of ADA holders in shaping the Cardano ecosystem reflect a strong foundation for the cryptocurrency’s long-term growth and development. Investors will closely monitor the market dynamics to see how ADA navigates through the current price turbulence. (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 CryptoGlobe
Both broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism.
This is a post I have been wanting to make for a while. It’s easy to get lost in the short to mid term speculation and lose sight of what crypto as a whole is aside from an asset that can be bought at some price to be later hopefully sold higher. It’s a tool…
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As a crypto tax attorney, I have plenty of clients that come to me at the end of the year asking how they can save on their tax bill. The BEST tip I can give anyone is tax-loss harvesting Tax loss harvesting refers to selling crypto that you are holding that's currently at a loss,…
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The Financial Conduct Authority’s marketing requirements for crypto firms went into effect on Oct. 8, requiring some to partner with local companies for compliance.
Asian and European stocks registered a bullish surge on Tuesday owing to the Fed’s hawkish outlook on interest rates.
submitted by /u/islanda_1973 [link] [comments]
