ViaBTC controls over 51% of Zcash hashrate, Coinbase said in a report. If a mining pool controls more than half of the hash rate, it poses a 51% risk to the Zcash network. Coinbase has taken steps to protect its users, including increasing the Zcash confirmation threshold to 110 blocks. A report from Coinbase’s security team claims that the network hashrate distribution of the proof-of-work cryptocurrency Zcash (ZEC) is significantly imbalanced. Notably, over 51% of the hash power distribution is controlled by a single mining pool, ViaBTC. 51% attack risk Coinbase said in a blog post today that based on…
Author: Crypto Flexs
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Ethereum recently Breaking through the $2,000 price range Spot Ethereum ETF registrations have started piling up in the US over the past 24 hours. New on-chain data shows a clearer sentiment among ETH investors, with many appearing to be prepared for the long haul. Data shows the amount of Ethereum held on exchanges has fallen since mid-last week to its lowest level since 2018. This means that there are fewer people selling Ethereum and more people holding it or staking it. Ethereum exchange supply plummets Although Ethereum is still down 2.57% over the past seven days, the cryptocurrency is currently…
Ethereum price fell from $2,130. ETH is showing some signs of weakness and may fall towards the $1,920 support area. Ethereum is slowly falling below the $2,060 area. The price is trading below $2,060 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,040. The pair may continue to decline towards the $1,920 support zone. Ethereum price decline continues Ethereum price began a new decline after struggling near $2,130. ETH hit a high of $2,132 and then began a decline. Like Bitcoin, it moved below…
The price of XRP has been under extreme pressure over the past few weeks, moving in tandem with general cryptocurrency market movements. The asset has fallen more than 20% so far this month and more than 7% last week. XRP’s overall market capitalization has plummeted to $26 billion over the past few weeks, with the total volume of assets traded on the last day falling by 11%. regulatory issues XRP price has recorded significant losses over the past few weeks due to bearish cryptocurrency market sentiment and regulatory concerns in the sector. Global cryptocurrency market capitalization has been under tremendous…
The U.S. Securities and Exchange Commission (SEC) has postponed approval of Franklin Templeton Digital Holdings’ spot Bitcoin ETF. However, it has called for public consultation on the risks associated with the product. Franklin’s Bitcoin ETF approval delayed, public input needed In a recently filed filing, Franklin Temptation Digital Holdings announced its intention to list a spot Bitcoin ETF on a stock exchange, as specified by the SEC. “As further described in the Notice,7 the Exchange proposes to list and trade the shares of the Fund, Series Franklin Templeton Digital Holdings Trust (“Trust”) pursuant to BZX Rule 14.11(e)(4). It manages the…
Coinbase warned some users that it had received a subpoena from U.S. regulators related to cryptocurrency exchange Bybit, according to an email sent by the exchange posted on social media. An official familiar with the matter confirmed the authenticity of the email through a message sent to The Block.“No action is required on your part, but Coinbase may respond to the subpoena unless a motion to dismiss or other objection to the subpoena filed in court is served before November 30, 2023. This may include: This includes sending information about the transaction to: Commodity Futures Trading Commission,’ the email said.The…
With how popular crypto has become, some of the world’s biggest nonprofit charitable organizations have begun accepting donations in cryptocurrency, from the Red Cross to the Rainforest Foundation. Ahead, we’ll go into detail about some of the biggest advantages of donating cryptocurrency to charity, how to actually make your donation with crypto, which charities accept it and some important tax benefits to be aware of.In this articleWhy donate crypto?One of the crypto industry’s grandest ambitions is to create a more equitable financial world through the low-cost transfer of value across borders, helping lift the unbanked out of poverty and bring…
The US dollar index jumped to its highest level in five months. This rally occurred as the U.S. economic growth continued. Cryptocurrencies such as Litecoin have an inverse relationship with USD. Litecoin Prices continued to remain under extreme pressure on Tuesday as the US Dollar Index (DXY) surged to its highest level in five months. LTC retreated to the lowest level of $62 and remains near the lowest level since December of last year. US dollar index soars Litecoin and other cryptocurrency prices have come under scrutiny following last week’s incident. On Wednesday, the U.S. Securities and Exchange Commission (SEC)…
In a recent blog post, Ethereum co-founder Vitalik Buterin expressed his views on the ongoing debate surrounding “tech optimism.” This post was particularly prompted by Marc Andreessen’s “Manifesto of Techno-Optimism,” which advocates a passionate embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andresen’s manifesto stands firmly against stagnation ideologies that emphasize fear of progress and maintenance of the status quo.In particular, Andreessen made the following bold statement:“Because love does not expand, an economy can only be run by money or power. Force tests were run and found to be insufficient. “Let’s just hold…
Bitcoin price is falling below the $37,000 level. BTC may continue to decline towards the $36,000 level or even the $35,000 area in the next session. Bitcoin is in a downward trend and is moving down from the $37,750 resistance. The price is trading below $37,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $37,380. A break above the support level of $36,750 could continue the decline for the currency pair. Bitcoin price decline continues Bitcoin price surged into the $38,500 area…