JPMorgan stated Ethereum is losing market share in NFT to Solana
ETH's dominance in NFT is falling due to congestion and high gas fees.
In early 2021, ETH's share of the non-interchangeable token market fell from 95% to 80%.
The report also said that since NFT is the fastest growing industry in the crypto ecosystem, Ethereum's share of that market is more relevant than that of decentralized finance.
The bank previously warned Ethereum's dominance in DeFi is in jeopardy, adding that if it keeps losing share of the NFT market it could be a serious problem for its valuation.
In short, other networks are much more efficient, faster, and trivially cheaper.
It seems to me large amount of transactions will stick there, and the rest will be distributed not only in SOL network but also in other networks.
π @TgBitcoin
ETH's dominance in NFT is falling due to congestion and high gas fees.
In early 2021, ETH's share of the non-interchangeable token market fell from 95% to 80%.
The report also said that since NFT is the fastest growing industry in the crypto ecosystem, Ethereum's share of that market is more relevant than that of decentralized finance.
The bank previously warned Ethereum's dominance in DeFi is in jeopardy, adding that if it keeps losing share of the NFT market it could be a serious problem for its valuation.
In short, other networks are much more efficient, faster, and trivially cheaper.
It seems to me large amount of transactions will stick there, and the rest will be distributed not only in SOL network but also in other networks.
π @TgBitcoin
Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume.
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ππΌ @TgBitcoin
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume.
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ππΌ @TgBitcoin
Want to know where the Bitcoin floor could be?
It is important to understand that the Floor Price Band adjusts daily based on onchain data inputs.
Floor Price Band
$29,509 - $32,170
Only 4 days (0.01%) below the Floor Price Band over the last 10 years.
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ππΌ @TgBitcoin
It is important to understand that the Floor Price Band adjusts daily based on onchain data inputs.
Floor Price Band
$29,509 - $32,170
Only 4 days (0.01%) below the Floor Price Band over the last 10 years.
π
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ππΌ @TgBitcoin
Weekly Crypto Recap:
1. Coinbase x Mastercard NFT
2. Intel to build a Bitcoin mining chip
3. CashApp integrates lightning in the US
4. Milo to offer 100% BTC-backed mortgage
5. 300 US banks to trade BTC
6. Microsoft $70B Activision buy (metaverse)
7 - Instagram to integrate NFTs
8 - Google created a blockchain division
9 - Twitter rolling out NFT verification
10 - Charles Schwab open to crypto
11 - Blackrock files for Blockchain ETF
12 - South Korea 5-year metaverse plan
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ππΌ @TgBitcoin
1. Coinbase x Mastercard NFT
2. Intel to build a Bitcoin mining chip
3. CashApp integrates lightning in the US
4. Milo to offer 100% BTC-backed mortgage
5. 300 US banks to trade BTC
6. Microsoft $70B Activision buy (metaverse)
7 - Instagram to integrate NFTs
8 - Google created a blockchain division
9 - Twitter rolling out NFT verification
10 - Charles Schwab open to crypto
11 - Blackrock files for Blockchain ETF
12 - South Korea 5-year metaverse plan
π
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ππΌ @TgBitcoin
Erik Thedeen, vice chairman of the European Securities and Markets Authority said:
"Cryptocurrencies pose a risk to meeting climate change goals in the Paris agreement"
He also advocates banning the Proof of Work consensus algorithm to push the industry toward a less energy-intensive Proof of Stake model.
That's an interesting idea, everyone is just talking about it, but it hasn't come to fruition yet.
Pretty sure that with the new algorithm, even more people will embrace the crypto and NFT market and start getting curious about them.
π @TgBitcoin
"Cryptocurrencies pose a risk to meeting climate change goals in the Paris agreement"
He also advocates banning the Proof of Work consensus algorithm to push the industry toward a less energy-intensive Proof of Stake model.
That's an interesting idea, everyone is just talking about it, but it hasn't come to fruition yet.
Pretty sure that with the new algorithm, even more people will embrace the crypto and NFT market and start getting curious about them.
π @TgBitcoin
Ft
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π @TgBitcoin
Join to free crypto trading signals channel and work with us:
π @TgBitcoin
Ethereum Foundation Cashed Out A Large Sum Of ETH At The Peak Yet Again
The Ethereum Foundation, the non-profit dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a huge sum of ETH at the November top. The findings came to light by a cryptocurrency analyst, who dug into the Foundationβs historical account data.
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ππΌ @TgBitcoin
The Ethereum Foundation, the non-profit dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a huge sum of ETH at the November top. The findings came to light by a cryptocurrency analyst, who dug into the Foundationβs historical account data.
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ππΌ @TgBitcoin
The crypto market lost more than 7% in 24 hours last night
Capitalization dropped below $1.8 trillion, its lowest level since September 28, 2021.
Some altcoins lost over 10% of their capitalization.
And in the last day, traders liquidated positions by $627 million
Wonder if it's crypto-winter or whether the whales are deliberately pushing the market to buy cheaper?
π @TgBitcoin
Capitalization dropped below $1.8 trillion, its lowest level since September 28, 2021.
Some altcoins lost over 10% of their capitalization.
And in the last day, traders liquidated positions by $627 million
Wonder if it's crypto-winter or whether the whales are deliberately pushing the market to buy cheaper?
π @TgBitcoin
MVRV is currently 1.50, which indicates Bitcoin wallets still have +50% unrealized profits.
If this is the end of the bull cycle, we should keep our eyes on this classic indicator to catch the cyclic bottom.
Historically, the cyclic bottom comes when MVRV reached below 1.
π
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ππΌ @TgBitcoin
If this is the end of the bull cycle, we should keep our eyes on this classic indicator to catch the cyclic bottom.
Historically, the cyclic bottom comes when MVRV reached below 1.
π
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ππΌ @TgBitcoin
How decentralized is the Bitcoin mining network?
- The 5 biggest public miners control 7% of the hashrate
- 70% of the hashrate goes through the 5 biggest pools*
*Miners can switch pools, so pools don't control the hashrate.
π
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ππΌ @TgBitcoin
- The 5 biggest public miners control 7% of the hashrate
- 70% of the hashrate goes through the 5 biggest pools*
*Miners can switch pools, so pools don't control the hashrate.
π
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ππΌ @TgBitcoin
π₯ , a new startup founded by ex- Binance.com, Tiktok.com, and Crypto.com employees, raised $3.26m from Private investors (Yahoo).
Lewk will connect creators with publishers in an ads marketplace that's offering auto payouts of rewards through blockchain. The platform will also provide creators with a rich social media content portfolio showcasing features and unprecedented options for monetizing their content through crypto.
β Are you a content creator on Tiktok, Instagram, Youtube, or Twitter?
β Are you a brand or a publisher looking to promote your product or service?
β Are you a crypto investor looking for the next token to invest in?
β Register for the waitlist today!
β β Twitter
β Discord
β Coinmarketcap
β Litepaper
π @TgBitcoin
Lewk will connect creators with publishers in an ads marketplace that's offering auto payouts of rewards through blockchain. The platform will also provide creators with a rich social media content portfolio showcasing features and unprecedented options for monetizing their content through crypto.
β Are you a content creator on Tiktok, Instagram, Youtube, or Twitter?
β Are you a brand or a publisher looking to promote your product or service?
β Are you a crypto investor looking for the next token to invest in?
β Register for the waitlist today!
β β Twitter
β Discord
β Coinmarketcap
β Litepaper
π @TgBitcoin
JP Morgan Chase has closed down the bank account of Uniswap's founder. He says it's simply for working in crypto.
JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. He says not only him, but many others have been targeted just because they work in crypto.
This is an abusive display of power.
Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood.
Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated.
π
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ππΌ @TgBitcoin
JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. He says not only him, but many others have been targeted just because they work in crypto.
This is an abusive display of power.
Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood.
Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated.
π
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ππΌ @TgBitcoin
Guys, guess what, now is an excellent opportunity to buy crypto at a cheaper price.
What I truly cannot stand is anyone trading at a loss.
Such as one large whale, who withdrew 4000 BTC from Coinbase in one transaction.
Btw the commission was $0.8.
Anyway, who knows, maybe he was storing it and all of a sudden needed the money.
π @TgBitcoin
What I truly cannot stand is anyone trading at a loss.
Such as one large whale, who withdrew 4000 BTC from Coinbase in one transaction.
Btw the commission was $0.8.
Anyway, who knows, maybe he was storing it and all of a sudden needed the money.
π @TgBitcoin
Chainalysis reports on malware stealing millions in crypto
The company that specializes in analyzing blockchain has released a report stating that cybercriminals employ less sophisticated malware to attack people.
Which is pretty smart, since the most vulnerable place in the human-computer system is the human being himself - the human factor.
Thus, Trojans accounted for 19% of all attacks, while cryptojacking took the largest share at 73%.
The share of data stealers and clippers reached 1%.
In fact, cryptojacking is malware downloaded to your computer that mines cryptocurrencies without your knowledge.
And clippers are malware that redirect outgoing transfers from fiat currency and cryptocurrency wallets.
So, I ask you to protect your gadgets with antivirus.
π @TgBitcoin
The company that specializes in analyzing blockchain has released a report stating that cybercriminals employ less sophisticated malware to attack people.
Which is pretty smart, since the most vulnerable place in the human-computer system is the human being himself - the human factor.
Thus, Trojans accounted for 19% of all attacks, while cryptojacking took the largest share at 73%.
The share of data stealers and clippers reached 1%.
In fact, cryptojacking is malware downloaded to your computer that mines cryptocurrencies without your knowledge.
And clippers are malware that redirect outgoing transfers from fiat currency and cryptocurrency wallets.
So, I ask you to protect your gadgets with antivirus.
π @TgBitcoin
Bitcoin miners have the highest percentage of renewable energy usage than any large scale industry - OpenNode research β»
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ππΌ @TgBitcoin
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ππΌ @TgBitcoin
The 3rd largest Bitcoin whale wallet added another 488 BTC Friday & today at $36.4k for $18M. Finally this entity surpassed Microstrategy.
This wallet bought 16,576 BTC since $69k top, now holds 124,487 BTC with cost basis of $22k per BTC vs 124,391 of Saylor with cost basis of $30k.
π
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ππΌ @TgBitcoin
This wallet bought 16,576 BTC since $69k top, now holds 124,487 BTC with cost basis of $22k per BTC vs 124,391 of Saylor with cost basis of $30k.
π
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ππΌ @TgBitcoin
βSurely you've heard about it, and I'd like to tell you what Eth 2.0 is
No secret that more and more attractive and most importantly "cheap" blockchains are emerging.
They support smart contacts, with lower commissions and higher transaction speeds.
Certainly, developers did not leave this without attention and they are already working on Ethereum network.
Eth 2.0 is a set of upgrades aimed at making it faster, more efficient and more economical.
The process itself started back on December 1, 2020, and we may see its final stage in a couple of years.
Let's look at the major changes.
Switching from PoW to PoS.
Instead of inefficient mining, a stacking system is introduced - members of the network "freeze" ETH and get to confirm transactions.
For this they get a reward of up to 16%-20% per annum, which should cut the consumption of the network by 1000 times.
BTW it has already been run in test mode Beacon Chain network, in July 2021 there were over 200,000 validators.
The minimum steak size is 32 ETH, though one can invest even less, in a special pool.
You cannot withdraw ETH, however, until Eth 2.0 is fully launched.
Sharding.
The idea is that one blockchain is split into a large number of subchains, each with its own applications and transactions.
Meanwhile, they are combined into a common structure enabling them to exchange data.
They do not compete for network resources and the chain runs much faster.
A total of 64 shards are planned to be launched.
π @TgBitcoin
No secret that more and more attractive and most importantly "cheap" blockchains are emerging.
They support smart contacts, with lower commissions and higher transaction speeds.
Certainly, developers did not leave this without attention and they are already working on Ethereum network.
Eth 2.0 is a set of upgrades aimed at making it faster, more efficient and more economical.
The process itself started back on December 1, 2020, and we may see its final stage in a couple of years.
Let's look at the major changes.
Switching from PoW to PoS.
Instead of inefficient mining, a stacking system is introduced - members of the network "freeze" ETH and get to confirm transactions.
For this they get a reward of up to 16%-20% per annum, which should cut the consumption of the network by 1000 times.
BTW it has already been run in test mode Beacon Chain network, in July 2021 there were over 200,000 validators.
The minimum steak size is 32 ETH, though one can invest even less, in a special pool.
You cannot withdraw ETH, however, until Eth 2.0 is fully launched.
Sharding.
The idea is that one blockchain is split into a large number of subchains, each with its own applications and transactions.
Meanwhile, they are combined into a common structure enabling them to exchange data.
They do not compete for network resources and the chain runs much faster.
A total of 64 shards are planned to be launched.
π @TgBitcoin
BREAKING: Charles Schwab ($7.5 trillion asset manager) is considering launching a crypto spot ETF.
π
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ππΌ @TgBitcoin
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ππΌ @TgBitcoin
Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity
Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market.
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ππΌ @TgBitcoin
Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market.
π
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ππΌ @TgBitcoin