Ethereum transaction fees continue to be rather expensive as the network works at a 98% capacity. This has apparently caused users to seek more efficient alternatives, and Binance Smart Chain (BSC) is becoming particularly popular.Binance Smart Chain Rising in PopularityTransaction fees on Ethereum are getting particularly high. Gas costs escalate as users flood the DeFi markets in search of high yields and the “next 100x gem on Uniswap.”This has led to the notion that DeFi is only profitable...
Read More »Verge (XVG) Goes Through an Attempted 51% Attack
Verge, a privacy-centric cryptocurrency, reportedly suffered an attempted 51% attack, causing a massive blockchain reorganization, which wiped off over six months of transactions.200 Days Worth of Verge Transactions Wiped OffThe issue was first revealed by Antoine Le Calvez, chief data engineer at blockchain research company Coin Metrics. Tweeting on February 15, Le Calvez noted that 0over 560,000 blocks were affected.Le Calvez’s colleague, Lucas Nuzzi, who is Coin Metrics’ network data...
Read More »Cardano (ADA) Price Analysis: Why It Could Soon Test $1
ADA price traded towards the $1.00 resistance level before correcting lower against the US Dollar.The price dived below $0.8000, but it recovered and settled above the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.8650 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher above the $0.9000 and $0.9200 resistance levels in the near term.Cardano price is showing positive signs above $0.8500 against the US...
Read More »Market Cap Tops $1.5 Trillion as Polkadot Replaces Cardano on the Top 4 (Market Watch)
Over the past 24 hours, we saw the cryptocurrency market recovering from a mild correction that took place on early Monday morning. Bitcoin touched $50,000 for the first time, the total cryptocurrency market capitalization increased above $1.5 trillion, while Polkadot became the 4th biggest project by market cap, surpassing Cardano by an inch.Bitcoin Price Taps $50KFor the first time in history, the primary cryptocurrency tapped the coveted mark of $50,000. This is a major milestone for...
Read More »Bitcoin8M: Can a Bigger Block Size Solve Bitcoin’s Scalability Issues?
[PRESS RELEASE – Please Read Disclaimer]Amid so many controversies, growing blockchain scalability problems force miners to reconsider a bigger block size through the ‘Bitcoin8M campaign’.Scalability means the ability of the blockchain network to increase its size or scale. For blockchains like Bitcoin and Ethereum, increasing this range presents many challenges.The biggest obstacle to mass blockchain technology adoption is its limited transaction processing capacity. In contrast to some...
Read More »Ethereum Price Analysis: ETH Bulls Aim A Test of $2,000
Ethereum price is holding gains above the $1,600 and $1,700 resistance levels against the US Dollar.ETH price is currently trading well above $1,750 and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $1,730 on the 4-hours chart (data feed from Coinbase).The pair is likely to start a strong surge if it clears the $1,840 resistance level.Ethereum price is eyeing more upsides above $1,850 against the US Dollar. ETH/USD may soon test the $2,000...
Read More »Blockchain Firm Valour Welcomes Former Bank Head Diana Biggs as Newest Executive
As banks and bitcoin begin to merge, so do their ideologies and the brains behind them. Over the past few years, we have seen many standard banking executives make the transition to the crypto space. We have also seen many banks begin to offer cryptocurrency-related services, and now Diana Biggs is looking to ensure this trend continues.Diana Biggs Joins the Ranks of ValourBiggs is an early bitcoin thought leader. She is now joining the ranks of Valour, a blockchain company in Switzerland...
Read More »Uniswap Surpasses $100 Billion Cumulative Trading Volume Milestone
Uniswap (UNI) has become the first decentralized exchange (DEX) to reach $100 billion in cumulative trading volume as the appetite for the decentralized finance (DeFi) market continues to grow. Meanwhile, the UNI token recently set a new all-time high, with the platform now boasting about $4 billion in total value locked (TVL).Uniswap Crosses $100B LandmarkTweeting on Monday (Feb. 15, 2021), platform creator Hayden Adams revealed that Uniswap had surpassed $100 billion in cumulative trading...
Read More »Deutsche Bundesbank: Petition fordert Bitcoin-Investment
Eine Petition verlangt, dass die Deutsche Bundesbank eine „strategische Bitcoin-Position“ aufbaut. Eine Petition verlangt, dass die Deutsche Bundesbank eine „strategische Bitcoin-Position“ aufbaut. Das ist inetwa so, wie wenn in der Schweiz eine Petition verlangen würde, dass die Schweizer Nationalbank direkt in Bitcoin investiert. Eine interessante Sache und wer weiss, vielleicht hat diese Grassroot-Bewegung ja bald Erfolg und die...
Read More »Helsinki aims to use personal data on behalf of the citizens – on citizens’ term
Helsinki aims to use personal data on behalf of the citizens - on citizens’ terms The City of Helsinki, Finland, aims to offer its citizens the possibility to better manage the personal information the city gathers from them. At the same time, the city is developing data-based city services that are timely and even predictive. Helsinki has chosen Vastuu Group Ltd to be their MyData operator. It develops personal data-based services for...
Read More »