On-chain data shows that the Bitcoin network has become significantly cheaper recently, with per-block transaction fees nearing cycle lows. Bitcoin Miners Are Getting Low Fees Recently As analyst James Van Straten points out in a new report: post BTC transaction fees on X are at recent cycle lows. Here, “transaction fee” naturally refers to the fee that the user must attach to a transaction on the Bitcoin blockchain as compensation for the miners who process it. The value of this metric is typically directly related to the traffic the network is observing. During periods of high activity, transactions can get…
Author: Crypto Flexs
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Circle has expanded its availability in the Ethereum layer 2 ecosystem by integrating Ethereum’s zero-knowledge layer 2 solution zkSync into its native stablecoin, USD Coin, speeding up transaction processing and preserving Ethereum’s fundamental value. Circle, one of the largest stablecoin producers, has expanded support for Ethereum’s layer 2 solution zkSync to include its own stablecoin, USD Coin (USDC). This integration expands the possibilities for Ethereum developers and users, allowing them to benefit from zkSync’s zero-knowledge proof and rollup technology. Expanding the reach of USD Coin With the inclusion of zkSync, USDC can now be used on 16 blockchains, including Ethereum,…
The dynamic realm of cryptocurrency is currently witnessing significant advancements with BlockDAG, which integrates the advantages of blockchain and Directed Acyclic Graph (DAG) technologies. As XRP navigates legal hurdles and faces price volatility, BlockDAG has emerged as a beacon of innovation, securing more than $15.5 million in the pre-sale phase and surpassing Slothana in ambition and reach. As a rookie boasting the latest technological advancements, BlockDAG We are transforming the cryptocurrency scene with more streamlined and efficient processes for trading and mining. The buzz around BlockDAG has been fueled by the Las Vegas Sphere’s attention-grabbing display and the release of…
In a significant development, Uniswap, one of the world’s leading DeFi protocols, has received an enforcement notice from the U.S. Securities and Exchange Commission (SEC). SEC Enforcement Notice The SEC has signaled its intention to take enforcement action against Uniswap, citing concerns that the DEX may be operating as an unregistered stock broker and exchange. Known as a “Wells Notice,” this notice serves as a preliminary warning that regulators are considering filing charges against the defendant. The implications of such notices are profound and often lead to formal enforcement actions. Uniswap’s answer Uniswap CEO Hayden Adams expressed a mix of…
Daily net outflows from Grayscale Investments’ spot Bitcoin exchange-traded fund (GBTC) hit a record low of $17.5 million on Wednesday, according to data from SosoValue. GBTC recorded net outflows totaling more than $450 million on Monday and Tuesday, with cumulative outflows over the past three months totaling more than $15 billion as of Wednesday. small value The data showed.“Reducing GBTC outflows is a bullish signal for the cryptocurrency as it reduces ongoing selling pressure on BTC,” Nick Ruck, COO of ContentFi Labs, told The Block.On Wednesday, Fidelity’s spot Bitcoin ETF recorded net inflows worth $76.3 million, while Bitwise’s Bitcoin ETF…
MANA and AXS have shared a similar price trajectory over the past few weeks. Examining other indicators revealed who the crowd favored more. A recent Santiment post from X (formerly Twitter) highlighted the vast differences between Decentraland (MANA) and Axie Infinity (AXS) in terms of development activity. These two tokens are worth taking a look at, as they were among the most popular tokens in the virtual reality and gaming sectors in 2020. MANA’s development activities far surpassed those of Axie Infinity. In fact, according to Santiment, Decentraland’s 30-day development activity is 168.33, compared to Axie Infinity’s 19 days. Therefore,…
Bitcoin price found support near $67,500. BTC has started a new increase and may soon revisit the $72,500 resistance area in the near term. Bitcoin retested the $67,500 support area before starting a new increase. The price is trading above $70,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $69,600. A break above the $71,400 resistance area could provide bullish momentum. Bitcoin price maintains support Bitcoin price fell below the $70,000 level again. BTC fell below the $68,500 level…
Former FTX executive Ryan Salame is scheduled to be sentenced in prison on May 28 after pleading guilty in September. Judge Lewis A. Kaplan of the Southern District of New York is expected to rule on how long Salame will remain behind bars for making illegal political contributions at the direction of FTX founder Sam Bankman-Fried. Salame also pleaded guilty to conspiracy charges related to operating an unlicensed money transfer business at Alameda Research. Salame served as a straw donor to Bankman-Fried’s political lobbying efforts and made at least 300 donations to U.S. bipartisan campaigns, according to federal prosecutors. FTX…
London, England, June 14, 2016 – The Ethereum Foundation is pleased to announce Microsoft as a premier sponsor of Devcon2, the Ethereum developer conference taking place in Shanghai from September 19-21, 2016. Showcasing the latest research and development work supported by the Foundation, Devcon2 also represents the most comprehensive Ethereum-focused developer conference to date. Vitalik Buterin, Chief Scientist at the Ethereum Foundation, said, “We are thrilled to receive Microsoft’s sponsorship of Devcon2 and are deeply grateful for Microsoft’s continued support and collaboration with the Ethereum Foundation and the Ethereum ecosystem. We look forward to continuing to work together in the…
Andreessen Horowitz (A16z) Crypto launches Jolt, a zero-knowledge solution that integrates SNARKs, enabling faster SNARK-based layer 2 solutions and improved security for developers. To address the scalability challenges facing blockchain networks, A16z Crypto, the cryptocurrency-focused branch of investment firm Andreessen Horowitz, has unveiled Jolt, a zero-knowledge solution known as zkVM. This creative technology integrates Succinct Non-Interactive Arguments of Knowledge (SNARK) in an effort to expedite and simplify the blockchain scaling process. What is zkVM (Jolt)? Jolt is an innovative approach to building verified virtual machines using SNARKs. This provides significant performance advantages over current zkVM and allows developers to quickly…