The COVID-19 pandemic, rampant inflation, and regional conflicts have had a direct impact on the decline in the value of Bitcoin (BTC) over the past two years. But according to Blockstream CEO Adam Back, 2024 promises to be a time of resurgence.A cryptocurrency expert who pioneered the proof-of-work algorithm applied to the Bitcoin protocol tells Cointelegraph that the prominent cryptocurrency is falling below the historical price trend line of the previous mining reward halving event.A “biblical” event harmed Bitcoin.White weighed in on Bitcoin’s potential price movement as the next halving approaches, when Bitcoin miners’ block rewards will decline from 6.25…
Author: Crypto Flexs
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Posted 1 minute ago In ~ On December 5, Solana Labs co-founder Anatoly Yakovenko lamented the lack of sales of the company’s Saga phones on the Unchained podcast.Currently, the Saga phones are completely sold out in the US and there are reportedly only a few phones left in Europe. Official X Account. The company is now Limit new orders One per household.However, the sudden urge to buy a cell phone is not only due to the desire to own the phone itself.”They want to buy a Solana mobile phone. because Bonk +93.65% Allocations will soon be worth more than phones.”…
A decentralized financial system known as Yearn.finance is making a concerted effort to recover $1.4 million from arbitrageurs. This predicament arose as a result of a multi-signature programming mistake that resulted in significant depletion of the protocol currency. Yearn.finance encountered an issue while converting yVault LP-yCurve (lp-yCRVv2) tokens obtained as performance fees for vault harvesting to stablecoins on decentralized exchange CowSwap. This action unintentionally resulted in the exchange of the entire treasury balance consisting of 3,794,894 lp-yCRVv2 tokens. As a result of this miscalculation, the value of the Treasury’s liquidity pool was reduced by 63% compared to the current spot…
Recent reports have shown that bankrupt cryptocurrency companies Celsius Network and FTX have transferred significant amounts of money. Ethereum (ETH) From holdings to centralized exchanges. Whale Ethereum (ETH) transfer from Celsius and FTX According to data On-chain tracker Spotonchain, both Celesius and FTX have been depositing large amounts of Ethereum to other cryptocurrency exchanges. The tracker recently revealed two large ETH transfers by bankrupt cryptocurrency companies. Spotonchain used X (formerly Twitter) to share these whale transactions with the entire cryptocurrency community. The on-chain tracker noted that these transactions were carried out when the price of Ethereum was again above $2,300.…
Manta Network has launched Manta New Paradigm. This allows users to earn higher returns than Multisig. You will be granted the right to receive rewards along with a lucky box. Interestingly, Manta added a social element to this release. This includes inviting friends, forming teams with members, and participating in the ecosystem. All this in addition to seamlessly depositing stablecoins ETH and USDC. At the time of initial announcement, Manta Network’s TVL was pegged at $30 million with over 100 projects deployed. With Manta New Paradigm, users will have enough liquidity to participate in any project on the network. Withdrawals…
Chainwire, New York, USA, December 15, 2023 In the realm of Bitcoin’s on-chain assets, Bitboost’s exploration of programmability presents a groundbreaking paradigm, transforming Bitcoin into a dynamic asset playground. Protocols such as Ordinals, BRC-20, and Atomicals significantly strengthen Bitcoin’s on-chain assets, providing new approaches to Bitcoin scaling. In other words, it uses Bitcoin as a bulletin board to post assets and execute asset transactions off-chain through indexers. Unlike rollups, this method does not verify the results of transaction execution in Bitcoin and is therefore completely independent of Bitcoin. Many popular assets have been minted on Bitcoin through this approach. The…
Optimism is rising with a recent statement from the U.S. Federal Reserve (Fed) suspending interest rates and suggesting the possibility of an interest rate cut in 2024. This news caused a stir in the financial markets. This strategic choice is expected to have a significant impact not only on the cryptocurrency market but also on the general stock market. Federal Reserve’s strong decision The S&P 500 surged in response to the Fed news, showing investors’ overall confidence in the markets. Additionally, the Bitcoin industry is showing good trends for the future. Coinbase and MicroStrategy, two of the most important companies…
introduction:Cryptocurrency mining is a complex process that continues to pique the curiosity of investors and enthusiasts alike. With the constant changes in mining technology and the changing dynamics of the cryptocurrency market, understanding the complexities of cryptocurrency mining is essential to making informed and wise investment decisions. At Altcoin Investor, we aim to help you navigate the ever-evolving world of cryptocurrency and blockchain technology.This article addresses some common questions and concerns related to cryptocurrency mining, providing valuable insight into mining rigs, energy consumption, and potential profitability. Because mining plays a critical role in maintaining and expanding blockchain networks, staying informed…
November 4th Bitfinex minor security incident Post time: 21:27h From media materials by admin Bitfinex announced that it has resolved a minor information security incident discovered earlier this week. Some of the customer support boards with partial, incomplete, and outdated information were accessed by individuals or groups through phishing of customer support agents who did not have high-level privileges and had limited access to support tools and helpdesks. ticket. Bitfinex’s systems were not compromised and no customer funds were lost. No access to servers, wallets or database infrastructure. Law enforcement has been notified. Customer assets on the platform were not…
Bitcoin (BTC) could enjoy a familiar tailwind over the coming weeks and beyond if new macro forces continue to play out.in post On December 14, Crypto Ed, a popular trader onBitcoin traders aim to dive below 100 DXY.Bitcoin and dollar strength have shown an inverse correlation in the past. Although these numbers have declined recently, changes in U.S. macro policy are now widely seen as boosting Bitcoin but pressuring the dollar going forward.As Cointelegraph reported, this week’s macro data combined with encouraging signals from the Federal Reserve has analysts on edge. It presents a path for the cryptocurrency market to…