$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.
Crypto currency news
The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.
Crypto currency news
Elon Musk: U.S. government spending will bankrupt the country, unless we take action to reduce government waste. This is the reason for inflation!
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Yesterday, the U.S. Bitcoin spot ETF had a net inflow of $88.85 million and the U.S. Ethereum spot ETF had a net inflow of $2.87 million.
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Standard Chartered Bank: Bitcoin and crypto markets will continue to rise after the Fed cuts interest rates
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FOMC statement issued by Federal Reserve on 18th September: Cut interest rates by 50 basis points to support maximum employment
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Tether reports a record-breaking $5.2B profit for the first half of 2024๐ธ๐ธ
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๐ธ El Salvador's bonds surged, becoming the top performer among emerging markets, after the president announced a zero deficit in his financial independence speech.
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Simon Gerovich, CEO of Metaplanet, reported a steady increase in the company's Bitcoin holdings per share since adopting the Bitcoin standard, highlighting the firm's commitment to boosting long-term shareholder value ๐
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Matrixport: Bitcoin ๐โก๏ธunexpectedly strengthened in September, and investors are optimistic about its potential. in October.
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Peter Brandt, a senior chart analyst and founder of Factor Trading, who successfully predicted the plunge of Bitcoin in 2018, said that the ratio of Bitcoin to gold may rise by more than 400% by 2025
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US senators call for action against cryptocurrency mining in Iran
๐บ๐ธ Senators Elizabeth Warren and Angus King have sent a request to the Joe Biden administration for details on combating Iran's evasion of cryptocurrency ๐จmining sanctions. They are concerned that since 2019, when Iran legalized mining, the country has earned ๐ต millions of dollars that go towards financing terrorism and circumventing sanctions.
Warren and King note that ๐ฎ๐ท Iran is one of the world's leading producers of bitcoins and uses the digital asset to ๐งบ launder money, which threatens national security. They point โก๏ธ to the Binance exchange, which has processed $8 billion worth of Iranian crypto transactions over four years.
โ๏ธ The senators are asking for information on mining revenues in Iran from 2021, the connection between digital assets and the Iranian government, and steps to address national security threats by May 16.
๐บ๐ธ Senators Elizabeth Warren and Angus King have sent a request to the Joe Biden administration for details on combating Iran's evasion of cryptocurrency ๐จmining sanctions. They are concerned that since 2019, when Iran legalized mining, the country has earned ๐ต millions of dollars that go towards financing terrorism and circumventing sanctions.
Warren and King note that ๐ฎ๐ท Iran is one of the world's leading producers of bitcoins and uses the digital asset to ๐งบ launder money, which threatens national security. They point โก๏ธ to the Binance exchange, which has processed $8 billion worth of Iranian crypto transactions over four years.
โ๏ธ The senators are asking for information on mining revenues in Iran from 2021, the connection between digital assets and the Iranian government, and steps to address national security threats by May 16.
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๐ฅ Shieldcoin creator accidentally burned $10 million worth of investor tokens
The creator of the Solana blockchain memcoin Slerf, which raised over 50,000 SOLs and over $10 million in pre-sale, has accidentally burned all LP and airdrop tokens.
Investors who were expecting exorbitant Xs will now receive neither tokens nor refunds.
Meanwhile, the SLERF token rose by 940% in 24 hours, and capitalization on CoinGecko reached $400 million.
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The creator of the Solana blockchain memcoin Slerf, which raised over 50,000 SOLs and over $10 million in pre-sale, has accidentally burned all LP and airdrop tokens.
Investors who were expecting exorbitant Xs will now receive neither tokens nor refunds.
Meanwhile, the SLERF token rose by 940% in 24 hours, and capitalization on CoinGecko reached $400 million.
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โก๏ธ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification.
Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players.
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Danksharding vs. Proto-Danksharding
Danksharding and proto-danksharding are pivotal technologies in Ethereumโs roadmap to improve scalability, especially for layer-2 rollup solutions. Proto-danksharding, introduced in EIP-4844, is a stepping stone toward full danksharding and is set to debut in Ethereumโs Cancun-Deneb upgrade (Dencun) on March 13, 2024.
Danksharding focuses on optimizing Ethereumโs scalability, making rollups faster and cheaper. Proto-danksharding, as an intermediate step, lays the groundwork for these improvements.
By leveraging layer-2 solutions like rollups, Ethereum can scale up from 15 transactions per second to thousands, reducing fees and enhancing overall efficiency.
Danksharding and proto-danksharding are pivotal technologies in Ethereumโs roadmap to improve scalability, especially for layer-2 rollup solutions. Proto-danksharding, introduced in EIP-4844, is a stepping stone toward full danksharding and is set to debut in Ethereumโs Cancun-Deneb upgrade (Dencun) on March 13, 2024.
Danksharding focuses on optimizing Ethereumโs scalability, making rollups faster and cheaper. Proto-danksharding, as an intermediate step, lays the groundwork for these improvements.
By leveraging layer-2 solutions like rollups, Ethereum can scale up from 15 transactions per second to thousands, reducing fees and enhancing overall efficiency.
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