Month: January 2023

Average Onchain Fees Jump by More Than 50% โ€“ Altcoins Bitcoin News

boss

While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the networkโ€™s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per transfer, but today the average cost is 54% higher at $4.52 per transfer. Rise in Ethereum Value Leads to Increased Onchain Transaction Costs Sending ethereum (ETH) is becoming more costly as the crypto assetโ€™s value has risen greatly over the…

ConsenSys slashes headcount 11% as chief economist reveals formula for adoption

boss

ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming โ€œuncertain market conditionsโ€ brought on by recent collapses. In a blog post from ConsenSys CEO Joseph Lubin on Jan. 18, the blockchain firm CEO said โ€œpoorly behavedโ€ centralized finance actors have cast a โ€œbroad pall on our ecosystem that we will all need to work through.โ€ Lubin said the decision will impact 96 employees and is part of plans to focus its resources on its core businesses. Today we need to…

3 Ways I’m Making Money With Cryptocurrency

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io If you want to make money with cryptocurrency, here are 3 of the BEST ways to do it! I share my experience and current strategy … โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

FTXโ€™s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K

boss

“In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,โ€ Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. โ€œAny risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we’re seeing (expressed in higher crypto prices) is this use case bearing itself out.โ€ Original

LUNC Network Upgrade Backed By Major Exchanges

boss

Just this January 14th, LUNC just went through its network upgrade that was supported by Binance. The upgrade was due to several developments on-chain. According to its January 1st blog post, it was because the system of LUNC remints tokens that were burnt for a development fund.ย  Along with this, the ecosystem would also have an increase in gas fees for better validators and staking rewards in the platform. This would mean that the ecosystem would continuously burn and make LUNC a deflationary currency.ย  What It Means For LUNC Luna…

Bitzlato Exchange Busted as US Deals โ€˜Blow to Crypto Crime,โ€™ Arrests Owner โ€“ Exchanges Bitcoin News

boss

Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an โ€œinternational cryptocurrency enforcement action,โ€ the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed it was hacked. US, France Hit Cryptocurrency Exchange Bitzlato, Russian Co-founder Detained in Miami U.S. authorities have apprehended Anatoly Legkodymov, a resident of China, on charges that his Hong Kong-registered crypto trading platform, Bitzlato, processed illicit funds worth hundreds of…

Yuga Labs’ Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours

Yuga Labs co-founder Wylie Aronow, aka Gordon Goner, has been outspoken about protecting creator royalties, noting in November that the company was looking into using allowlists coded into smart contracts to determine which wallet addresses could transfer NFTs. He noted that externally owned accounts, or EOAs, are a type of crypto wallet not used by marketplaces, making it easier to differentiate trades between private users and marketplaces. Source

SHIB a Favorite Holding Among New Crypto Wallets, Nansen Shows

Week-over-week, a steady 22% of SHIBโ€™s circulating supply is parked on crypto exchanges, with Binance, the worldโ€™s largest exchange, holding more SHIB than any other; Crypto.com is second-highest. Notably, Binanceโ€™s total SHIB deposits have dropped by 1.6 trillion tokens in seven days, while smaller exchanges such as OKX have seen their deposits increase. Source