Day: September 30, 2021

Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation

An on-chain study released by Kraken Intelligence highlights strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5. Ethereum miners accumulated an additional 2 million Ether (ETH), worth $6.1 billion, after the so-called London hard fork’s activation. The latest bout of accumulation caused miners’ net Ether holdings to hit an all-time high of 22.3 million ETH (worth nearly $70 billion), which is almost 19% of the total Ether supply. “ETH accumulation was stagnant for most of…

#Bitcoin, #Dodgecoin, Elon Musk, Tesla Investment and Problem of china and lastly the Crypto Bill

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video will talk about Tesla’s investment in Bitcoin in detail. furthermore it will explain China’s problem related to bitcoin and impact of investment in India and explains how the new cryptocurrency and regulation of digital currency bill will work. #The Crypto Bill. PC: The Economic times.com Sources: 1) 2) 3) 4) ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped – Cointelegraph Magazine

  In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he…

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds – Sponsored Bitcoin News

sponsored According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021,…

White hat hacker paid DeFi’s largest reported bounty fee

Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a white hat hacker who averted a $10-million bug crisis.  Industry white hat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his efforts, Schlindwein received a generous compensation of $1.05 million, the majority of which ($1 million) was granted by Immunefi, with the additional $50,000…

Why Bitcoin Has Value and Should Be Part of Your Client’s Portfolio — CoinDesk

In my view, we as advisors can finally abandon the idea that long-term saving is synonymous with investment. Bitcoin allows your clients to operate under the conditions our brains find most favorable: Make money working, spend some of that money, set aside the rest of the money under the mattress and never think about it again. Accordingly, bitcoin functions as your clients’ mattress money. Original

The Importance of Bitcoin Upgrades and Layer Two Applications — CoinDesk

Crucial to the advancement of bitcoin are the Bitcoin Core Developers. This is an international team of developers, often called “maintainers,” that is constantly monitoring, improving and working on bitcoin and its blockchain. This group, due to its decentralized nature, is funded by companies, such as Square, Coinbase, Gemini and others, and the community to maintain Bitcoin’s open-source and secure network. Source

Terra to Apply Columbus 5 Mainnet Migration – Bitcoin News

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet…