Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months
It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per transfer. While on-chain fees are cheaper, layer two (L2) transactions have followed suit dropping significantly during the last seven days.
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👉🏼 @TgBitcoin
It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per transfer. While on-chain fees are cheaper, layer two (L2) transactions have followed suit dropping significantly during the last seven days.
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👉🏼 @TgBitcoin
Russian Ruble down 20% vs USD overnight
Maybe you shouldn't invade other countries...
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👉🏼 @TgBitcoin
Maybe you shouldn't invade other countries...
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👉🏼 @TgBitcoin
BREAKING: eBay could soon accept Bitcoin and crypto payments
The firm could make an announcement on March 10 during its day dedicated to investors.
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👉🏼 @TgBitcoin
The firm could make an announcement on March 10 during its day dedicated to investors.
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👉🏼 @TgBitcoin
Which crypto-companies announced sanctions against Russia
Amid the escalation of the geopolitical conflict between Russia and Ukraine, at least 5 cryptocurrency companies declared increased sanctioning pressure on users from Russia.
They included Coinbase, FTX, Kraken and eToro.
Officially, Coinbase in a comment to Newsweek didn't mention Russia in response to the request about the sanctions measures. Nevertheless, the company reminded that it regularly monitors IP addresses from the sanctions blacklist.
Though Coinbase formally provides no services to Russian citizens, the site does have a cryptocurrency conversion function for users from Armenia and Kazakhstan.
Gemini also doesn't provide services to the CIS market, but said it is strengthening its monitoring of users.
FTX also reported compliance with sanctions requirements amid the conflict.
Representatives of the investment platform eToro stated the site's services are completely closed to users from Russia.
💎 @TgBitcoin
Amid the escalation of the geopolitical conflict between Russia and Ukraine, at least 5 cryptocurrency companies declared increased sanctioning pressure on users from Russia.
They included Coinbase, FTX, Kraken and eToro.
Officially, Coinbase in a comment to Newsweek didn't mention Russia in response to the request about the sanctions measures. Nevertheless, the company reminded that it regularly monitors IP addresses from the sanctions blacklist.
Though Coinbase formally provides no services to Russian citizens, the site does have a cryptocurrency conversion function for users from Armenia and Kazakhstan.
Gemini also doesn't provide services to the CIS market, but said it is strengthening its monitoring of users.
FTX also reported compliance with sanctions requirements amid the conflict.
Representatives of the investment platform eToro stated the site's services are completely closed to users from Russia.
💎 @TgBitcoin
Is Elon Musk selling his NFTs so far?!
Haven't ya heard? Subscribe to the so as not to miss such info-events.
Exclusively on what's affecting the rate -
💎 @TgBitcoin
Haven't ya heard? Subscribe to the so as not to miss such info-events.
Exclusively on what's affecting the rate -
💎 @TgBitcoin
Cryptocurrencies are Noah's Ark
That's the phrase I read in one of the channels.
And indeed, yeah, there are downfalls, but not as critical as in the stock market, or even worse, in fiat.
Fiat is the money that we use, no matter what it is - cash, money on the card, rubles, euro dollars and so on.
And you know, I've watched the Toncoin exchange rate, (former project of Pavel Durov, which was given to independent developers) and it didn't really fall down.
Before all this madness, it was trading at $2.3 - $2.6 and today it's staying at $2.
What do I think?
It's a pretty exciting crypto (at least for me) and I'll be investing more in it over time.
As for you, my advice is to find out more about it and take a look at the TON project roadmap
💎 @TgBitcoin
That's the phrase I read in one of the channels.
And indeed, yeah, there are downfalls, but not as critical as in the stock market, or even worse, in fiat.
Fiat is the money that we use, no matter what it is - cash, money on the card, rubles, euro dollars and so on.
And you know, I've watched the Toncoin exchange rate, (former project of Pavel Durov, which was given to independent developers) and it didn't really fall down.
Before all this madness, it was trading at $2.3 - $2.6 and today it's staying at $2.
What do I think?
It's a pretty exciting crypto (at least for me) and I'll be investing more in it over time.
As for you, my advice is to find out more about it and take a look at the TON project roadmap
💎 @TgBitcoin
Bank of America: We see no crypto winter given the growth in user adoption and developer activity
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.”
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👉🏼 @TgBitcoin
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.”
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👉🏼 @TgBitcoin
Coinbase earned $2.2 billion in revenue from transaction fees in Q4 2021
The company's total revenue for Q4 2021 was $2.5 billion, with $2.2 billion of that coming from trading commissions.
The company reported net income of $840 million for the period, and earnings before taxes and interest were $1.2 billion.
The Coinbase platform hosts 11.4 million monthly trades.
Retail traders made $177 billion in transactions, and institutional clients traded at $371 billion.
The fourth quarter proved to be quite successful for Coinbase, with the number of registered users reaching 89 million, up 16 million from the previous quarter.
Also, the number of traders making at least one transaction per month increased significantly - 11.4 million compared to 7.4 million in Q3.
💎 @TgBitcoin
The company's total revenue for Q4 2021 was $2.5 billion, with $2.2 billion of that coming from trading commissions.
The company reported net income of $840 million for the period, and earnings before taxes and interest were $1.2 billion.
The Coinbase platform hosts 11.4 million monthly trades.
Retail traders made $177 billion in transactions, and institutional clients traded at $371 billion.
The fourth quarter proved to be quite successful for Coinbase, with the number of registered users reaching 89 million, up 16 million from the previous quarter.
Also, the number of traders making at least one transaction per month increased significantly - 11.4 million compared to 7.4 million in Q3.
💎 @TgBitcoin
Crypto Exchanges Refuse to Freeze All Russian Accounts
Faced with a request by Ukrainian leadership to freeze the accounts of all people in Russia and Belarus, major crypto exchanges are steadfastly refusing, saying the tactic would unfairly harm civilians and “fly in the face” of the crypto community’s libertarian ideology.
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👉🏼 @TgBitcoin
Faced with a request by Ukrainian leadership to freeze the accounts of all people in Russia and Belarus, major crypto exchanges are steadfastly refusing, saying the tactic would unfairly harm civilians and “fly in the face” of the crypto community’s libertarian ideology.
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👉🏼 @TgBitcoin
Yearn Finance announces ecosystem independence
The Yearn Finance project will henceforth grant all of its products independence for further development.
As per the announcement, all the projects absorbed at the end of 2020 will now run autonomously.
Among them are SushiSwap, CREAM Finance and Pickle Finance.
"Despite our overall success, we still haven't really come as one. That caused confusion in our communities, uncertainty about roles and responsibilities, and slowed decision-making," the announcement stated.
When exactly the projects get independence and how it will manifest itself remains unclear.
However, the developers claim that each protocol would still help Yearn Finance and each other grow.
💎 @TgBitcoin
The Yearn Finance project will henceforth grant all of its products independence for further development.
As per the announcement, all the projects absorbed at the end of 2020 will now run autonomously.
Among them are SushiSwap, CREAM Finance and Pickle Finance.
"Despite our overall success, we still haven't really come as one. That caused confusion in our communities, uncertainty about roles and responsibilities, and slowed decision-making," the announcement stated.
When exactly the projects get independence and how it will manifest itself remains unclear.
However, the developers claim that each protocol would still help Yearn Finance and each other grow.
💎 @TgBitcoin
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”
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👉🏼 @TgBitcoin
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially feared this year, Goldman Sachs explained in a report published on Sunday. Moreover, in terms of inflation coupled with the Ukraine invasion, an economics professor at American International College (AIC) stressed there’s “a perfect storm brewing.”
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👉🏼 @TgBitcoin
Be prepared for any unexpected market situations by subscribing to FIBO Group Telegram channel .
You can increase your Forex gains with trading signals from the Company’s analysists who have more than 20 years of financial markets experience on currencies, indices, gold and cryptocurrencies. Plan your trading flawlessly with advanced economic calendar.
channel and may the Forex be with you.
💎 @TgBitcoin
You can increase your Forex gains with trading signals from the Company’s analysists who have more than 20 years of financial markets experience on currencies, indices, gold and cryptocurrencies. Plan your trading flawlessly with advanced economic calendar.
channel and may the Forex be with you.
💎 @TgBitcoin
Intel announced the launch of a new bitcoin mining processor
At the virtual ISSCC, Intel announced a new application-specific integrated circuit (ASIC) for mining, BonanzaMine. The company intends to compete with processors from Bitfury, Bitmain and Canaan.
Earlier this month, Intel expressed its intention to run in the cryptocurrency mining industry, stating that ASICs are "1,000 times" faster than other graphics processing units (GPUs).
They've been used in mining since the early days of the industry.
Also at the conference, the company demonstrated its BonanzaMine system, consisting of 300 BonanzaMine ASICs with a capacity of 40 teraches and consuming 3.6 kW of power.
Intel claims that even higher hashing speeds can be achieved if needed.
The BonanzaMine system is a worthy competitor to ASICs such as Bitfury Clarke and Canaan Avalon A9.
The Intel system consumes 55 joules per terahesh at 47.7 terahesh/s. The Bitfury Clarke can reach 40 terraches/s at 56 joules/terahesh, while the Canaan Avalon A9 can reach 30 terraches/s at 58 joules/terahesh.
💎 @TgBitcoin
At the virtual ISSCC, Intel announced a new application-specific integrated circuit (ASIC) for mining, BonanzaMine. The company intends to compete with processors from Bitfury, Bitmain and Canaan.
Earlier this month, Intel expressed its intention to run in the cryptocurrency mining industry, stating that ASICs are "1,000 times" faster than other graphics processing units (GPUs).
They've been used in mining since the early days of the industry.
Also at the conference, the company demonstrated its BonanzaMine system, consisting of 300 BonanzaMine ASICs with a capacity of 40 teraches and consuming 3.6 kW of power.
Intel claims that even higher hashing speeds can be achieved if needed.
The BonanzaMine system is a worthy competitor to ASICs such as Bitfury Clarke and Canaan Avalon A9.
The Intel system consumes 55 joules per terahesh at 47.7 terahesh/s. The Bitfury Clarke can reach 40 terraches/s at 56 joules/terahesh, while the Canaan Avalon A9 can reach 30 terraches/s at 58 joules/terahesh.
💎 @TgBitcoin
Bitcoin is proving itself as a safe haven in times of global uncertainty
It has outperformed every other asset class by orders of magnitude since the Ukraine invasion.
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👉🏼 @TgBitcoin
It has outperformed every other asset class by orders of magnitude since the Ukraine invasion.
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👉🏼 @TgBitcoin
Russians are paying up to $20,000 above market rate to buy Bitcoin (in p2p)
Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.
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👉🏼 @TgBitcoin
Sanctions bite leading to the collapse of the ruble. Data suggests Russians are turning to Bitcoin to protect themselves from the fallout.
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👉🏼 @TgBitcoin
The number of bitcoin nodes has reached 15,000
Each one of these nodes holds a full copy of the bitcoin blockchain. Starting from the very first transaction that Satoshi Nakamoto sent thirteen years ago, these nodes record and audit every. single. one.
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👉🏼 @TgBitcoin
Each one of these nodes holds a full copy of the bitcoin blockchain. Starting from the very first transaction that Satoshi Nakamoto sent thirteen years ago, these nodes record and audit every. single. one.
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👉🏼 @TgBitcoin