Ethereum’s Dominance
Today, Ethereum holds a leading position among smart contract platforms due to its large number of applications, developers, and the highest revenue from fees over the past 30 days.
Why is it so difficult to compete with Ethereum?
- First, Ethereum is the first smart contract platform, which has given it high recognition, widespread adoption, liquidity, reliability, and a decentralized structure. This “first-mover advantage” provides Ethereum with a significant competitive edge: the first company or product in a new field gains an advantage simply by being first to enter the market and establish itself in the minds…
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Today, Ethereum holds a leading position among smart contract platforms due to its large number of applications, developers, and the highest revenue from fees over the past 30 days.
Why is it so difficult to compete with Ethereum?
- First, Ethereum is the first smart contract platform, which has given it high recognition, widespread adoption, liquidity, reliability, and a decentralized structure. This “first-mover advantage” provides Ethereum with a significant competitive edge: the first company or product in a new field gains an advantage simply by being first to enter the market and establish itself in the minds…
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SEC Appeals Court Ruling in Ripple Case
The U.S. Securities and Exchange Commission (SEC) has filed an appeal with the Second Circuit Court, challenging the court’s August ruling in the case against Ripple.
In a comment to The Block, an SEC representative noted that the court’s verdict “contradicts decades of Supreme Court precedent and federal law.”
Judge Analisa Torres fined Ripple $125 million, whereas the SEC had sought $2 billion. The court’s decision partially upheld the Commission’s demands, including banning the company from further violations of securities laws.
The legal battle between the SEC and Ripple has been ongoing since 2020, when the Commission accused the…
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The U.S. Securities and Exchange Commission (SEC) has filed an appeal with the Second Circuit Court, challenging the court’s August ruling in the case against Ripple.
In a comment to The Block, an SEC representative noted that the court’s verdict “contradicts decades of Supreme Court precedent and federal law.”
Judge Analisa Torres fined Ripple $125 million, whereas the SEC had sought $2 billion. The court’s decision partially upheld the Commission’s demands, including banning the company from further violations of securities laws.
The legal battle between the SEC and Ripple has been ongoing since 2020, when the Commission accused the…
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The crypto market is experiencing a ‘hangover’ 😞
This is stated by Tushar Jain, managing partner of Multicoin Capital. This is happening after a glut of venture capital during the last bull cycle.
ITS Crypto / Invest / Trade / Strategy
This is stated by Tushar Jain, managing partner of Multicoin Capital. This is happening after a glut of venture capital during the last bull cycle.
‘I still fundamentally believe in the fundamentals that underpin the industry. We have been through similar cycles before,’ emphasised Jain.
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Peter Brandt shared an opinion 🗣
He noted that bitcoin's ‘recent rally’ has not broken the seven-month sequence of declining highs and lows
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He noted that bitcoin's ‘recent rally’ has not broken the seven-month sequence of declining highs and lows
‘Only a close above $71,000, confirmed by a new all-time high in price, would indicate that the trend from the November 2022 low remains valid,’ the expert stressed.
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In the third quarter of 2023, hackers stole over $750 million, further highlighting the vulnerability of the crypto industry to cyberattacks
According to the latest report from CertiK, one of the leading players in the field of cybersecurity in the cryptocurrency world, the total losses for the year have already reached nearly $2 billion. In comparison, the total damage for the entire previous year was $1.75 billion, indicating a significant increase in malicious activity.
The most common attack methods are phishing and private key compromise.
- These methods led to losses totaling $668 million. One of the most notable incidents occurred in August, when a Bitcoin wallet belonging to a major “whale” was hacked, resulting in $238 million being…
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According to the latest report from CertiK, one of the leading players in the field of cybersecurity in the cryptocurrency world, the total losses for the year have already reached nearly $2 billion. In comparison, the total damage for the entire previous year was $1.75 billion, indicating a significant increase in malicious activity.
The most common attack methods are phishing and private key compromise.
- These methods led to losses totaling $668 million. One of the most notable incidents occurred in August, when a Bitcoin wallet belonging to a major “whale” was hacked, resulting in $238 million being…
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Experts predict the formation of a “golden cross” in the Coinbase premium
The Coinbase premium is often considered an indicator of demand among retail investors in the US—the higher the premium, the stronger the buying pressure.
Analysts examined the metric on an hourly interval, using 24-hour and 168-hour moving averages (HMA). They noted that the crossing of the 24 HMA with the 168 HMA from below was accompanied by significant price movements.
At the moment, the Coinbase premium has already surpassed the 168 HMA (marked by a black arrow), and the gap between the moving averages continues to narrow, according to CryptoQuant.
They also emphasized that periods of golden cross formation,…
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The Coinbase premium is often considered an indicator of demand among retail investors in the US—the higher the premium, the stronger the buying pressure.
Analysts examined the metric on an hourly interval, using 24-hour and 168-hour moving averages (HMA). They noted that the crossing of the 24 HMA with the 168 HMA from below was accompanied by significant price movements.
At the moment, the Coinbase premium has already surpassed the 168 HMA (marked by a black arrow), and the gap between the moving averages continues to narrow, according to CryptoQuant.
They also emphasized that periods of golden cross formation,…
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In 2009, Satoshi Nakamoto may have initiated a 51% attack on the Bitcoin network
This was reported by an analyst under the pseudonym Wicked. A 51% attack is a situation where a miner or group of miners gains control of more than half of the network’s computational power, potentially allowing them to manipulate the blockchain, alter transactions, block new blocks, or even double-spend coins.
However, as the analyst asserts, this attack was not malicious. Instead, it was a planned stress test of the system. The likely goal of the attack was to identify weaknesses in the blockchain’s operation in its early stages. As a result, Nakamoto could adjust the mining difficulty — the…
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This was reported by an analyst under the pseudonym Wicked. A 51% attack is a situation where a miner or group of miners gains control of more than half of the network’s computational power, potentially allowing them to manipulate the blockchain, alter transactions, block new blocks, or even double-spend coins.
However, as the analyst asserts, this attack was not malicious. Instead, it was a planned stress test of the system. The likely goal of the attack was to identify weaknesses in the blockchain’s operation in its early stages. As a result, Nakamoto could adjust the mining difficulty — the…
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SlotCoin - spin slots for fun and get your $SLOT 🔄
Today we advise you to pay attention to a simple, easy to understand game that will definitely bring rewards to its users.
Also do not forget about additional rewards that you can get thanks to the invitations of your friends, as well as for completing tasks in the section "Earn"🤗
By the way, the listing is scheduled for Q4 24/Q1 25. All the coins you earn are subsequently converted into $SLOT tokens.
🚩 Important: by spinning the Lucky Wheel you have a chance to win $TON, $NOT, $DOGS and $CATI
Join SlotCoin, spin the slots while collecting daily rewards and picking up bonuses!
Today we advise you to pay attention to a simple, easy to understand game that will definitely bring rewards to its users.
Also do not forget about additional rewards that you can get thanks to the invitations of your friends, as well as for completing tasks in the section "Earn"
By the way, the listing is scheduled for Q4 24/Q1 25. All the coins you earn are subsequently converted into $SLOT tokens.
Join SlotCoin, spin the slots while collecting daily rewards and picking up bonuses!
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Bitwise wants to convert three cryptocurrency futures ETFs
The aim of the conversion is to minimise the impact of price volatility and improve returns.
ITS Crypto / Invest / Trade / Strategy
The aim of the conversion is to minimise the impact of price volatility and improve returns.
ITS Crypto / Invest / Trade / Strategy
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Bitcoin will update ATH in May-June 2025?
The data follows from the CoinMarketCap report. In the fourth cycle, bitcoin is significantly ahead of the usual trend, and as a result, the asset could update its all-time high 100 days ahead of schedule.
Bitcoin cycles are closely correlated with halving. In this case, the asset reaches a new ATH between 518 and 546 days since halving.
Following this trend, we can expect the asset to update the high in late 2025 or early 2026.
ITS Crypto / Invest / Trade / Strategy
The data follows from the CoinMarketCap report. In the fourth cycle, bitcoin is significantly ahead of the usual trend, and as a result, the asset could update its all-time high 100 days ahead of schedule.
Bitcoin cycles are closely correlated with halving. In this case, the asset reaches a new ATH between 518 and 546 days since halving.
Following this trend, we can expect the asset to update the high in late 2025 or early 2026.
ITS Crypto / Invest / Trade / Strategy
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Bitcoin decentralisation is a matter of US national security 🇺🇸
Auradine CEO Rajiv Khemani states that.
Third-party firmware, which is updated and changed over time, could theoretically be used to compromise the power grid or launch a 51 per cent attack on the bitcoin network, Khemani said.
ITS Crypto / Invest / Trade / Strategy
Auradine CEO Rajiv Khemani states that.
"Any time you have hardware, software or firmware from a foreign entity connected to your energy infrastructure, which is essentially what bitcoin has become, you need to make sure you're doing proper due diligence and mitigating the risks," he said.
Third-party firmware, which is updated and changed over time, could theoretically be used to compromise the power grid or launch a 51 per cent attack on the bitcoin network, Khemani said.
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Amir Taaki has announced the launch of the alpha version of DarkIRC 💡
The messaging service is positioned as ‘the world's most trusted anonymous chat service.’
The solution was created in response to ‘brutal censorship of cryptocurrency developers by authoritarian regimes,’ the programmer said.
ITS Crypto / Invest / Trade / Strategy
The messaging service is positioned as ‘the world's most trusted anonymous chat service.’
The solution was created in response to ‘brutal censorship of cryptocurrency developers by authoritarian regimes,’ the programmer said.
Unlike traditional messengers that require registration or generate permanent identifiers, DarkIRC allows users to change pseudonyms at any time. Thus messages sent cannot be linked to a ‘permanent’ identity.
ITS Crypto / Invest / Trade / Strategy
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Beijing Urged to Reconsider Strict Cryptocurrency Policies
Since 2013, China has been tightening regulations on the cryptocurrency market, and in 2021, it introduced a ban on mining and restricted access to banking services for cryptocurrency companies. These measures were aimed at protecting the country’s financial system from the volatility of crypto assets and the risks associated with money laundering.
However, more and more voices in the capital are calling for a reconsideration of this policy. Former Deputy Finance Minister Zhu Guangyao has proposed rethinking the approach to cryptocurrencies, noting that in a rapidly changing global financial landscape, it is becoming increasingly difficult to ignore digital assets.…
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Since 2013, China has been tightening regulations on the cryptocurrency market, and in 2021, it introduced a ban on mining and restricted access to banking services for cryptocurrency companies. These measures were aimed at protecting the country’s financial system from the volatility of crypto assets and the risks associated with money laundering.
However, more and more voices in the capital are calling for a reconsideration of this policy. Former Deputy Finance Minister Zhu Guangyao has proposed rethinking the approach to cryptocurrencies, noting that in a rapidly changing global financial landscape, it is becoming increasingly difficult to ignore digital assets.…
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UAE Abolishes VAT on Cryptocurrency Transactions and Transfers
The authorities of the United Arab Emirates have exempted cryptocurrency transactions from the 5% value-added tax (VAT). This decision caught the attention of PwC experts, as it strengthens the UAE’s position as one of the most attractive hubs for the cryptocurrency business.
“This measure puts digital assets on par with traditional financial instruments (TradFi), reinforcing the legitimacy of cryptocurrencies and promoting their further integration into the economy,” noted Ankita Dhawan, senior researcher at the Métis Institute. According to her, this step highlights the UAE’s ambition to become a leading hub for cryptocurrency technologies and financial innovations.
The VAT…
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The authorities of the United Arab Emirates have exempted cryptocurrency transactions from the 5% value-added tax (VAT). This decision caught the attention of PwC experts, as it strengthens the UAE’s position as one of the most attractive hubs for the cryptocurrency business.
“This measure puts digital assets on par with traditional financial instruments (TradFi), reinforcing the legitimacy of cryptocurrencies and promoting their further integration into the economy,” noted Ankita Dhawan, senior researcher at the Métis Institute. According to her, this step highlights the UAE’s ambition to become a leading hub for cryptocurrency technologies and financial innovations.
The VAT…
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Everything you may have missed for September we have kindly compiled in one short video 😇
Enjoy!
📱 https://youtu.be/70ntx5IYNgc
Enjoy!
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Crypto News from John Dogster, digest September 2024
Meet John Dogster, the crypto-savvy dog delivering the latest updates in the world of cryptocurrencies. In this episode, he covers the top crypto news from September 2024. Stay tuned for a fun and informative take on the hottest market trends!
Top news of…
Top news of…
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80% of addresses in Solana's DEX ecosystem have a cumulative turnover of less than $10 over their entire period of activity 🫢
ITS Crypto / Invest / Trade / Strategy
"Further evidence that the 'active addresses' metric is extremely misleading! Be careful!", Blockworks Research analysts warned.
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Among altcoins the best results for September were shown by AVAX and DOGE
AVAX rose by 20.1%, driven by anticipation of a major update from the Avax Foundation called Avalanche9000. This update promises to significantly improve network performance and simplify the creation of dApps. Additionally, the foundation launched the “Retro9000” grant program, allocating $40 million to support developers and stimulate ecosystem growth.
DOGE gained 14.9%, once again influenced by Elon Musk’s posts on the social network X, which continue to impact the token’s popularity and price.
SOL lagged slightly but still showed a positive growth of 12%, linked to key updates presented at Solana Breakpoint 2024, including the implementation of ZK Compression,…
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AVAX rose by 20.1%, driven by anticipation of a major update from the Avax Foundation called Avalanche9000. This update promises to significantly improve network performance and simplify the creation of dApps. Additionally, the foundation launched the “Retro9000” grant program, allocating $40 million to support developers and stimulate ecosystem growth.
DOGE gained 14.9%, once again influenced by Elon Musk’s posts on the social network X, which continue to impact the token’s popularity and price.
SOL lagged slightly but still showed a positive growth of 12%, linked to key updates presented at Solana Breakpoint 2024, including the implementation of ZK Compression,…
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Court Approves FTX Reorganization Plan
Delaware bankruptcy court judge John Dorsey approved the plan for distributing payments to creditors of the bankrupt cryptocurrency exchange FTX.
“Congratulations to everyone. This is a textbook case of how to handle very complex Chapter 11 bankruptcies,” Judge Dorsey stated.
The plan was supported by 94.48% of FTX clients with claims on assets valued at $6.83 billion. Approximately 98% of creditors will receive no less than 118% of their claims in fiat currency based on the rate at the time of the bankruptcy filing.
According to the official press release, the total value of accumulated assets will range…
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Delaware bankruptcy court judge John Dorsey approved the plan for distributing payments to creditors of the bankrupt cryptocurrency exchange FTX.
“Congratulations to everyone. This is a textbook case of how to handle very complex Chapter 11 bankruptcies,” Judge Dorsey stated.
The plan was supported by 94.48% of FTX clients with claims on assets valued at $6.83 billion. Approximately 98% of creditors will receive no less than 118% of their claims in fiat currency based on the rate at the time of the bankruptcy filing.
According to the official press release, the total value of accumulated assets will range…
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Matrixport predicts miner stocks to rise 🍿
Although the daily revenue of public companies mining the first cryptocurrency after halving in April collapsed from $70 million to $31 million, many industry participants did not sell off the mined coins, preferring hodling.
The best performance was shown by those players who diversified into AI and high-performance computing.
These include MARA Holdings (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK).
ITS Crypto / Invest / Trade / Strategy
Although the daily revenue of public companies mining the first cryptocurrency after halving in April collapsed from $70 million to $31 million, many industry participants did not sell off the mined coins, preferring hodling.
The best performance was shown by those players who diversified into AI and high-performance computing.
These include MARA Holdings (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK).
ITS Crypto / Invest / Trade / Strategy
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Uber to introduce AI assistant for drivers
At the GO-GET Zero event in London, Uber announced the launch of an AI assistant for drivers, powered by GPT-4 from OpenAI.
Initially, the assistant will focus on answering questions related to electric vehicles, helping drivers find charging stations and recommending the best models to buy. In the future, its functionality will expand to other uses.
The AI assistant will be accessible from the main screen of the Uber app for drivers. The chatbot will receive regular updates, providing personalized responses based on the driver’s needs and their city.
This initiative aims to encourage the use of electric vehicles,…
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At the GO-GET Zero event in London, Uber announced the launch of an AI assistant for drivers, powered by GPT-4 from OpenAI.
Initially, the assistant will focus on answering questions related to electric vehicles, helping drivers find charging stations and recommending the best models to buy. In the future, its functionality will expand to other uses.
The AI assistant will be accessible from the main screen of the Uber app for drivers. The chatbot will receive regular updates, providing personalized responses based on the driver’s needs and their city.
This initiative aims to encourage the use of electric vehicles,…
👉 Read More
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