Tag Archives: featured1

Shanghai upgrade’s tentative timeline is set for March 2023, and the Ethereum developers are scaling back and targeting early February to launch its public testnets. The high-profile upgrade seeks to enable validator staking withdrawals. This feature is currently lacking in the Ethereum network, and the devs deem it the highest priority for the first quarter of 2023. Following the planned hard fork, the users will be able to access coins that have been staked on the network....

The Federal Reserve and FDIC (Federal Deposit Insurance Corporation) released a joint statement on Tuesday, Jan 3. The paper describes the risks of holding digital assets. But here are some of the ways crypto is addressing those risks with network design and code. The Fed and FDIC say that with crypto, there is a “risk of fraud and scams among crypto-asset sector participants.” But there are also several countermeasures and security techniques in crypto. Furthermore,...

Bitcoin continues to be unable to overcome $17,000, despite briefly jumping above that level yesterday. The altcoins have also calmed following the notable gains charted at the start of the weekend. ApeCoin, though, has marked a near one-month high. Bitcoin Stalls Below $17K 2022 brought little joy for the bitcoin bulls and the end of the year was quite similar, with the asset falling to a multi-week low of under $16,500. After a few calm days around New Year’s Day, the...

After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high. The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO. Bitcoin Touches $17K The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push...

The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is highlighted in the declining Bitcoin dominance – a metric that’s commonly used to gauge BTC’s share relative to that of the rest of the market. At the time of this writing, the BTC dominance sits at 38.1%, having peaked at over 38.4% last week.  Bitcoin’s price increased by a total of...

In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confirmed by Tron founder and a member of Huobi’s global advisory board – Justin Sun. In a text message to Reuters, Sun said the “structural adjustment” has not started and is expected to reach a conclusion by the end of the first quarter this year. “Ignore the FUD” The confirmation...

Memecoins have been a part of the crypto culture for almost as long as the community existed, but 2020 and 2021 saw them soar to a whole new level. It got to a point where two memecoins – Dogecoin (DOGE) and Shiba Inu (SHIB) became frequent members of the top-10 club (the 10 largest cryptocurrencies by means of total market capitalization). The bear market of 2022 has impacted most memecoins severely, but DOGE and SHIB continue to be leading coins. That said, there’s a new...

The streak of bankruptcies and price declines has dampened glimmers of positive progress. But Bitcoin just turned 14 today. January 3 is known as Bitcoin Genesis Day for the first block of BTC ever mined by Satoshi way back in 2009, which paved the way for the cryptocurrency as we know it today. The first block on the network hosts a single transaction – the 50 BTC block reward – sent to the pseudonymous creator(s) for mining it. The BTC mining rewards are yet to be touched....

Bitcoin tried to challenge $17,000 hours ago but was stopped before having the chance to come close, at least for now. The altcoins have calmed since yesterday’s impressive gains, except for Solana, which continues to recover its recent losses and LDO. Bitcoin Came Close to $17K The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500 after losing a few hundred dollars throughout the week. Although the first day of the new year...

The Consumer Price Index (CPI) releases showing the current inflation rate in the USA and the Federal Open Market Committee (FOMC) meetings which determine the rate hikes in the country, have resulted in significant price swings in the cryptocurrency market over the past several months. In the following, we take a look at the events’ dates in 2023. The CPI Calendar Year-over-Year inflation numbers are quite staggering in certain countries, such as Lebanon (162%), Venezuela...