[ad_1] Canadian computer programmer and co-founder of Ethereum, Vitalik Buterin recently executed a large-scale ETH transaction, sparking interest in the destination of the funds. Buterin Donates 100 ETH To Ethereum-Focused Organization On July 6, Buterin transferred approximately 99.9 ETH tokens valued at about $300,000 to a wallet address starting with 0x82 for the Gnosis Safe Proxy. The transaction, spotted by blockchain analytics platform Arkham Intelligence and confirmed by on-chain data, was executed using one of Buterin’s main wallet addresses. Reports have indicated that the destination of the 100 ETH is suspected to be a community-driven organization, the 2077 Collective. Interestingly,…
Author: dfrancis36
[ad_1] Data shows the Bitcoin sentiment is close to entering into the extreme greed zone. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Fear & Greed Index Has Continued To Decline Recently The “Fear & Greed Index” is an indicator developed by Alternative that tells us about the average sentiment that traders in the Bitcoin and wider cryptocurrency market currently share. The index uses five factors to determine this sentiment: volatility, trading volume, social media, market cap dominance, and Google Trends. The metric uses a numeric scale that runs from zero to hundred for representing the mentality. All…
[ad_1] Justin Bons, founder and chief investment officer of Cyber Capital, has sparked a polarizing debate in the crypto community with a scathing critique of the current Layer-2 (L2) solutions on Ethereum. The founder of the oldest crypto fund in Europe described networks like Arbitrum, Base and Optimism, designed to improve Ethereum’s scalability by offloading transactions from the main chain, as a “dystopian nightmare of centralization.” Why Most L2’s Are A “Dystopian Nightmare” Bons’ analysis targets several top L2 solutions like Arbitrum, Base, Optimism, Blast, ZKSync, Linea and Mantle, among others. He argues that all of them are plagued by…
[ad_1] A new crypto game on the instant messaging platform Telegram has been seeing phenomenal growth since its launch in March this year. According to Telegram CEO Pavel Durov, Hamster Kombat has attracted 239 million sign-ups over the past three months, making it the latest phenomenon on the internet. Hamster Kombat is a game where users play as the hamster CEO of a fictional crypto exchange mirroring real-world dynamics. Players mine in-game coins when they tap on the digital hamster and the earned coins can be used to strategically upgrade their virtual startup. Says Durov, “It took Hamster only 73…
[ad_1] The debate of 2024 has been about scaling bitcoin self-custody versus ossification, with the presupposition that an ossified bitcoin protocol as it is today is imperfect – but its sound monetary properties alone are enough to change the world for the better, so changes would introduce unacceptable risk. This article will discuss why in fact NOT scaling bitcoin also puts those same monetary properties at direct risk.Trying to give a neutral overview, the pro-change arguments are about increasing transaction throughput in a way that doesn’t burden nodes (unlike a block size increase). Various proposals exist for tactical extensions to…
[ad_1] The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt. Gox doesn’t own any ETH either. But what if Ethereum has its very own “Mt. Gox“? Is The Ethereum Price Suppressed By Golem? Chinese crypto journalist Colin Wu (@WuBlockchain)…
[ad_1] On-chain data suggests the Bitcoin whales could be accumulating the dip as spot exchanges have recently seen their largest withdrawal of 2024. Bitcoin Exchange Netflow Has Turned Deep Red Recently As pointed out by an analyst in a CryptoQuant Quicktake post, a large number of coins has left the spot exchanges recently. The indicator of relevance here is the “exchange netflow,” which keeps track of the net amount of Bitcoin moving into or out of the wallets attached to all centralized exchanges. When the value of this metric is negative, it means the outflows are overwhelming the inflows right…
[ad_1] Justin Sun has announced that developers are now working on a stablecoin transfer solution that can function without gas fees on the TRON (TRX) network. The crypto billionaire says the new service is set to roll out later this year, initially on TRON before expanding to Ethereum (ETH) and other EVM-compatible chains. “Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves. This innovation will first be implemented on the Tron blockchain and later support…
[ad_1] The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on July 11. CPI Data Could Move The Narrative For Crypto Crypto analyst CrypNuevo took to X (formerly Twitter) to…
[ad_1] The Bitcoin and crypto market crash has completely eroded positive sentiment as bears have now gained control of the entire market. Over the last month, the Fear & Greed Index has been on a steady decline, falling to new yearly lows in the process. With the Bitcoin price falling to the $53,000 level last week, it has now sent the Crypto Fear & Greed Index to levels not seen since the FTX crypto exchange collapse back in November 2022. Crypto Fear & Greed Index Crashes To 28 The Crypto Fear & Greed Index continues to roll in the Fear…