Ethereum’s Dencun upgrade yesterday appears to have delivered on its promise of reducing transaction costs at Layer 2.Major Layer 2 chains that have implemented Blob have seen dramatic reductions in average transaction fees.For the uninitiated, the upgrade brought a new transaction type to layer 2 called blob. These blobs act as new location points on the chain when posting information to Ethereum instead of the traditional “call data” method and provide a direct path to reduced fees.Data from the Optimism ecosystem, including OP Mainnet, Base, and Zora, as well as layer 2s such as zkSync and Starknet, all indicate that…
Author: Crypto Flexs
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The founder noted that Cardano will use stake pools to test nodes. Some holders disposed of their ADA for self-administration, while others liquidated it. On March 12, Cardano (ADA) founder Charles Hoskinson posted on X that the project would be testing out Hyperfledge Firefly. Hyperfledge Firefly is an open source node designed to scale blockchains. But Hoskinson said the test: Not a guarantee Cardano will adopt supernodes. According to him, the project will test compatibility with the Stake Pool Operator (SPO), which is responsible for running nodes on the network. Scaling Cardano could enable more off-chain transactions and increase user…
BNB price is gaining bullish momentum above the $550 resistance level. The price is showing positive signs and may continue its upward trend above $650. BNB price rose by more than 15% and broke the $600 resistance zone. The price is currently trading above $580 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming with support at $598 (data source from Binance). The pair may continue to rise towards the $650 resistance zone or even $700. BNB price rebounds upward In our last BNB price prediction,…
“We currently have no plans to bring this back, but we’re not saying we never will,” a Finder spokesperson told CoinDesk. “The reason we ended the product in November 2022 was because it was no longer competitive in a world of higher interest rates.”
Ethereum price is struggling above the $4,000 range. ETH is falling slowly and is at risk of falling towards the $3,850 support level. Ethereum traded at a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trendline connected to support at $3,965. A break above the $4,025 resistance area could resume the price rise. Ethereum price maintains support Ethereum price, like Bitcoin, expanded its rise above the $4,050 level. ETH traded at multi-month highs above $4,080 before…
Ethereum’s highly anticipated Dencun upgrade was released to mainnet at the start of epoch 269568 at 9:55 AM ET on Wednesday for those following it on-chain. According to the developers, the upgrade will reduce Layer 2 transaction costs to the point where gas fees become obsolete. Dencun Live Broadcast In addition to lowering transaction costs across the Ethereum Layer-2 network, the Dencun upgrade significantly expands the functionality of the blockchain ecosystem. After the upgrade is implemented, it will be integrated into the Layer 2 network-wide settlement agreement, a process that will take several months. According to one Ethereum developer, once…
People • March 14, 2024, 2:05 a.m. EDT Posted 1 minute ago In ~ Elon Musk says people will eventually be able to buy Tesla cars next. Dogecoin viceroy +8.29% He spoke about cryptocurrency during a recent visit to the company’s manufacturing plant, Giga Berlin. Automobile companies already provide users with Buy products with Dogecoin. “When can I buy a Tesla with Dogecoin? “I think we need to enable that at some point.” Musk said this: video This article, uploaded by X user @dogeofficialceo, answers a question about purchasing a car with Dogecoin. “You can buy Tesla products through Doge,…
MicroStrategy® Incorporated (Nasdaq: MSTR) revealed plans to raise $500 million through 2031 to buy more Bitcoin through a private offering of convertible senior notes. The offering is open to institutional buyers who qualify under Rule 144A of the Securities Act, subject to market conditions. 1933.Breaking News: MicroStrategy raises $500 million for additional purchases #Bitcoin pic.twitter.com/EU19xmKB2x— Bitcoin Magazine (@BitcoinMagazine) March 13, 2024 The notes, which are MicroStrategy’s unsecured and senior notes, will bear interest payable semiannually on March 15 and September 15, beginning on September 15, 2024. The notes, which are scheduled to mature on March 15, 2031, can be redeemed…
Lawmakers discussed a proposal for the Consumer Financial Protection Bureau that would potentially provide oversight of payment applications involving cryptocurrencies. The proposal, “Defining larger players in the general-purpose digital consumer payment applications market,” aims to regulate non-bank financial companies that process more than 5 million transactions annually, similar to regulatory requirements for banks and credit unions. During the hearing, some members of the House Financial Services Subcommittee expressed concerns about the CFPB overstepping its bounds. Rep. Mike Flood, R-Neb., questioned the legitimacy of the CFPB claiming jurisdiction over cryptocurrencies with minimal legal basis. Conversely, Democratic lawmakers such as Rep. Stephen…
Ethereum (ETH) is poised for notable improvements with the impending Dencun upgrade to improve network scalability. However, amidst these expectations, QCP Capital, a seasoned cryptocurrency asset trading firm, has highlighted a new trend that could impact Ethereum’s price trajectory. The company’s analysis shows a “risk reversal” in Ethereum turning negative for the upcoming expiration. These changes indicate growing concerns among investors about a potential decline in the price of ETH. This is because a negative risk reversal often suggests that the market is leaning towards protective measures against a recession. Market Leverage and Correction Concerns In particular, this trend towards…