Month: August 2022

Binance CEO Changpeng Zhao Reveals Bad Trading Behavior Plaguing One Crypto Exchange

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Changpeng Zhao (CZ), CEO of Binance, says that there is a crypto exchange that may be employing poor standards in its trading platform. CZ tells his 6.8 million Twitter followers that he recently learned the term “jitters,” which refers to a lag on trading platforms between when an order is placed and when it is executed. Sometimes, while an order is delayed, other orders are able to jump the queue and front-run them, though it’s not clear whether this is intentional or not. “Just learned a new word, jitters. On…

Is Ethereum’s Merge Priced-In?

Still, there are risks to the trade. First, Ethereum’s Merge could be delayed – which would send a “negative signal” to the markets, at least in the short term, Talanti said. Then there’s the prospect that something could go wildly wrong during or after deployment, a risk that’s hard to calculate given all the moving parts that could break. (Ethereum upgrades have been delayed before, and several times.) Source

Tencent Receives Patent for Tracing Missing Individuals by Using Blockchain Technology

Chinese tech giant Tencent, the owner of the Chinese instant messaging platform WeChat, has revealed that it has been granted a patent for using blockchain technology for person-seeking notices, according to local media outlets. The purpose of developing tracing missing individuals is to facilitate the search for missing persons’ efficiency and improve the traceability of data. According to the company, it has taken more than three years for the patent application to be approved since it was first filed in December 2019. The patent indicates that blockchain technology will be…

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin

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According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, the price of aUSD fell to less than $0.01 from its dollar peg after it was discovered that 3.022 billion aUSD had been erroneously minted through a misconfiguration of the iBTC/aUSD liquidity pool, which went live on August 14.  The misconfiguration has since been rectified, and wallet addresses that had…

Why Is The Crypto Market Pumping? Is This Bitcoin Rally The “Real One”? [Aave, Solana, Celsius]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:28 – Bitcoin & Ethereum RALLY! (Biggest gains in crypto) 0:45 – Is this rally “the real one”? 1:54 – Bitcoin has transferred $17.78T in 2022 already. (Smashing 2021 record). 2:22 – Solana and Avalanche Enter New Uptrend 3:00 – Do you like Veracity VRA? It’s doing well. 3:30 – Why is…

Sepolia Is the First Ethereum Testnet to Get a Post-Merge Upgrade

Alex Stokes, a researcher working on the Merge with the Ethereum Foundation, told CoinDesk that the upgrade isn’t that significant but it can be used as an identifier to help with peer discovery, or finding other nodes in the network. He also said that, ultimately, developers just want the upgrade to go well. They will “do something similar on other networks, but ultimately it will have similarly low fanfare.” Source

Bitcoin Corrects 17%, But Market Expects Fresh Rally Report Says

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Bitcoin has been trading in the red over the past few days and seems on track for further losses over the short term. The cryptocurrency gave back a large portion of its profits since the start of August and could re-test support at around $20,000. At the time of writing, Bitcoin (BTC) trades at $21,200 with sideways movement over the past 24 hours and a 13% correction over the past week. Market participants are keenly watching these levels, as the entire crypto market might be hanging by a thread. BTC’s…

CryptoPunks Briefly Flip Bored Apes as NFT Prices Continue to Crater

Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor price is down almost 40% in the last month, with CryptoPunks down 24%, according to data from NFTPriceFloor. When the Bored Ape floor price passed that of CryptoPunks last time around, the cheapest editions from both collections were valued 55 ETH, at the time worth $215,000. Source

Bitcoin whales attack sellers at $22.3K as euro drops below USD parity

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Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView European commodity surge hammers euro Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to summon a comeback after last week’s 11.6% losses. The pair put in fresh multi-week lows under $20,800 over the weekend, subsequently staging a modest relief bounce to circle $21,200 at the time of writing. Anxiousness over European markets and the upcoming United States Federal Reserve Jackson Hole…