Cryptocurrency company Digital Currency Group (DCG) and Grayscale are cooperating with bankrupt lender Genesis to support Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG). It opposed the move to sell the assets. According to recent court filings, it amounts to $1 billion.The opposite of grayscaleIn court papers, Grayscale said it could not be forced to redeem the stock at the debtor’s request because it had no advance notice of the situation and no participants were authorized to redeem it.According to the company:GBTC Shares, ETHE Shares and ETCG Shares (collectively, “Trust Shares”), which constitute “Restricted…
Author: Crypto Flexs
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Bitcoin rose on Chinese New Year, Solana’s network went down for hours, and cryptocurrency miners found new hubs in unexpected locations. This week we bring you these stories and more in cryptocurrency. Chinese New Year, Bitcoin Boost Buoyed by momentum from the Chinese New Year, Bitcoin maintained its historical trend and rose 10% for the week. Over the past 9 years, the price of Bitcoin has surged by an average of 11% from 3 days before the Lunar New Year holiday to 10 days after. The price rally helped BTC break through resistance levels it had maintained since the spot…
The price of Bitcoin has risen more than 11% over the past seven days, but recent price movements have led to a surge in liquidations.Bitcoin’s rise in value last week was driven by spot market traders, according to Bitfinex head of derivatives Jag Kooner. “The vast majority of purchases have been from spot buyers, meaning market orders from aggressive buyers in the spot market,” Kooner told The Block.Last Monday, the price of Bitcoin hovered just above $42,000. But since then, most of the liquidated leveraged positions have been underfunded, Kooner said. “With prices rising over the past seven days, there…
keep coming tldr; Runtime verification audit and deposit contract verification Runtime Verification recently completed an audit and formal verification ~ Of eth2 deposit contract Bytecode. This is an important milestone that brings us closer to the eth2 Phase 0 mainnet. Now that we’re done, we’re asking for the community’s review and feedback. If there are gaps or errors in the official specifications; eth2 spec repository. formal semantics K framework We define the exact behavior that the EVM bytecode should exhibit and prove that this behavior is maintained. This includes input validation, iterative Merkle tree updates, logs, etc. watch here To…
Ethereum price is struggling to clear resistance at $2,550. ETH could begin a downward correction if it falls below the $2,475 support. Ethereum is consolidating gains below the $2,550 resistance zone. The price is trading above $2,480 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a break occurred below the connecting bullish trendline with support at $2,515. If it stays above the $2,475 support, it could start a new rally. Ethereum price remains supported Ethereum price continued to rise after breaking the resistance level of $2,420. ETH has surpassed $2,450 and $2,500 but…
ERC-404 tokens have plummeted, while PANDORA and DEFROGS have seen massive declines over the past 24 hours. Pullix (PLX) is about to launch a hybrid exchange, and PLX pre-sale volume has exceeded $5.3 million. While the cryptocurrency market is heating up with recent gains, the ERC-404 token ecosystem has experienced significant declines. In the last 24 hours, PANDORA, DEFROGS and RUG have all posted double-digit losses. Meanwhile, Pullix (PLX), a new platform breaking away from Ethereum’s experimental token standard, is about to be launched. PANDORA leads the ERC-404 slump As mentioned above, ERC-404 is an experimental token standard on the…
If you are new to the world of cryptocurrency investing, you may have come across a little-known digital asset called Pebble Coin. Although Pebble Coin is not as widely recognized as Bitcoin or Ethereum, it is gaining attention in the cryptocurrency community as a potential hidden gem for investors. What is Pebble Coin? Pebble Coin is a decentralized digital currency that aims to provide fast, secure, and scalable payment solutions to users around the world. It is built on a unique blockchain platform that utilizes advanced encryption to ensure the security and privacy of transactions. With a focus on user…
reporter Posted on: February 12, 2024 Ethereum fees soared 270% between February 5th and 9th. ETH is up over 9% in USD terms over the past week. The blockchain ecosystem has seen rapid growth in recent years, with several new projects emerging and existing projects evolving. However, amidst all these developments, Ethereum (ETH)’s status as the leading revenue-generating protocol has not been threatened. According to AMBCrypto’s research into cryptocurrency fee data, the smart contract network collected $8.6 million in fees in the last 24 hours, which is significantly higher than any other project on the list. To give a sense…
Bitcoin’s recent performance and continued upward trend has created palpable excitement among cryptocurrency enthusiasts and investors alike. In a groundbreaking move, Bitcoin established itself as the world’s 10th largest asset, overtaking stalwarts such as Berkshire Hathaway, Tesla and JPMorgan. The cryptocurrency’s market capitalization, approaching $1 trillion, reflects its tremendous rise, highlighting the growing prominence of major cryptocurrencies and solidifying their position in the financial markets. As Bitcoin continues its meteoric rise, its current price of $48,200 reflects a surge in value that has captured the attention of both seasoned and novice investors. This rise is especially notable when compared to…