The proportion of long-term ETH holders has surged this year. bitcoin For the second time ever. According to data from on-chain analytics platform IntoTheBlock, Ethereum We have done quite well in terms of long-term holder ratio this year, with over 70% of investors currently holding their assets for more than a year, which is a new milestone for blockchain. Long-term ETH holders now top BTC. Ethereum’s price activity this year has been significantly weaker than Bitcoin. However, this is not surprising as Bitcoin has led the entire industry in terms of bullish indicators and investor confidence this year. However, data…
Author: Crypto Flexs
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As reported by Blockchain.com and Bitinfocharts, on Christmas Day, the Bitcoin network achieved a historic milestone with its hash rate reaching an all-time high of 544 EH/s. Despite these impressive achievements, miners are grappling with declining profitability due to the complex dynamics of the cryptocurrency market.Source: Blockchain.comThe hashrate, a measure of the computing power of the Bitcoin network, has more than doubled in 2023, up 130% from January. The surge in hashrate is linked to the price of Bitcoin, which has risen more than 150% over the same period. Will Clemente, co-founder of Reflexivity Research, noted that the impact of…
Michael Cohen, a former lawyer and fixer for Donald Trump, has admitted to using it without his knowledge. A.I Manipulating legal citations in court documents. The revelations surface amid Cohen’s ongoing legal entanglements and his role as a potential witness against Trump in various legal proceedings. In a recent court filing, Cohen revealed that he mistakenly submitted fictitious artificial intelligence-generated quotes to his attorney, David Schwartz. These quotes, generated by Google Bard, an AI chatbot, were included in a motion submitted to a federal judge. Cohen, who served time in prison and is on supervised release, was using these quotes…
October 13th Is BitVM the next evolution of Bitcoin smart contracts? Posted at 15:36h education by admin BitVM is a computing model that allows complex contracts to be executed on Bitcoin without changing the underlying rules. Let’s take a look at what it is and how it could revolutionize the way we use Bitcoin. What is BitVM? For many years, Bitcoin has been the digital gold standard for cryptocurrencies. However, one thing it lagged behind was the ability to handle complex and complete Turing smart contracts. BitVM was created by Robin Linus. zero syncThis is an implementation of Stark Proofs…
Cryptocurrency analyst Egrag Crypto Recently Shared interesting story Here’s our discussion with a top banker about XRP price. The discussion centered around XRP, with Egrag and the banker analyzing how the altcoin could be worth $2,500 in the near future. XRP price likely to hit $2,500 The story was that XRP had reached $2,500 when the banker disputed it. Eggg Explains how 40,000 XRP can equal $100 million. The banker was aware of Egrag’s knowledge of technical analysis and, according to the story, appeared to be asking questions to see if Egrag believed it. XRP Could Achieve Such Heights $2,500.…
European Union countries account for 6% of the Bitcoin network hashrate, and the United States has emerged as the world’s No. 1 Bitcoin miner, a new report says. However, the economic bloc’s Bitcoin mining prospects are hampered by geopolitical tensions and the region’s energy dependence..advertising Bitcoin Mining Outlook in the EU According to Bankless Times’ latest report on Bitcoin mining, the 28 countries that make up the European Union (EU) collectively account for 6% of the Bitcoin network hashrate. Meanwhile, Ireland, with a 2023 gross domestic product (GDP) of $115 billion, nearly 160 times the GDP of the European Union,…
The small cryptocurrency project built on top of Kusama (KSM) exploded by more than 188% this week amid broader momentum from Polkadot (DOT) ecosystem projects. Moonriver (MOVR) is an Ethereum (ETH) compatible parachain built on Kusama. The project serves as a canary network for testing the code of Moonbeam (GLMR), a smart contract platform for cross-chain connected applications. As of this writing, MOVR is trading at $29.16, up from $10.12 a week ago. The 201st-ranked cryptocurrency asset by market capitalization also rose more than 36% in the past 24 hours. MOVR’s gains have materialized amid a broader upward trend in…
Since header-first synchronization specifies that the entire header chain is downloaded from a single peer, how does the downloading node know that it will not be presented with a header chain outside of the manufactured consensus? Do you cross-reference to other peers? What is the exact mechanism used here?
Taxes and cryptocurrency remain a pretty intricate topic. Here, we will explore the current state of crypto tax and what investors can expect in 2024. In the crypto world, simply holding on to your digital assets, often called ‘HODLing’ by the community, does not incur any tax obligations in almost every jurisdiction. However, any profit derived from crypto-related activities, including lending, staking, or selling, could potentially result in some taxation. How is crypto taxed? In the U.S., the Internal Revenue Service (IRS) categorizes all cryptocurrencies as capital assets, meaning that capital gains tax applies to profits made from selling them.…
Some time has passed, and new news has arrived. 👋 It’s happening! 👋 After being cooped up for the past few years, I’m excited to finally say this. Devcon 6 will be held in Bogota, Colombia in the first half of the fourth quarter of 2022. We know that Devcon has a special place in everyone’s heart (and ours too!). We hope to share more information soon (stay tuned!). In the meantime, Road to Devcon continues with another project we’ve been working on recently. Meet something a little new DevConnect The week-long gathering in Amsterdam will feature independent Ethereum events,…