Day: February 22, 2023

ZenGo’s NFT Hack Detector | Blockchain News

A real-time dashboard has been made available in the OpenSea marketplace by a wallet security team. This dashboard gives community members the ability to identify, track, and monitor possible breaches using nonfungible tokens (NFTs) utilizing offline signatures. The company behind the cryptocurrency wallet ZenGo claims that they have developed an NFT hack detection using a straightforward approach. This involves keeping a record of realized NFT transactions in the NFT marketplace and comparing the amount of each trade to the floor price of the NFT collection. It will be detected as…

Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Shares of Hut 8 Mining (HUT) continue to slide after the bitcoin mining firm said last week it agreed to merge with U.S. Bitcoin Corp. Hut 8 Mining CEO Jaime Leverton and US Bitcoin Corp. founder and President Asher Genoot discuss how the merge will benefit both companies as the crypto winter continues. Plus the implications for decentralization and how to ensure profitability in bitcoin mining. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Lightning Network growth is organic, coming from real-world adoption

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The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 Bitcoin (BTC).  The Lightning Network is a neutral protocol built on top of Bitcoin, and it currently does not have a “native” token attached to it like many decentralized finance (DeFi) platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the Ether (ETH) in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in…

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning – Bitcoin News

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According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” Agustin Carstens Insists Cryptocurrencies Lost the ‘Battle’ to Fiat Currencies Agustin Carstens, the general manager of the Bank for International Settlements (BIS), believes that cryptocurrencies have lost the battle against national currencies such as the…

TON blockchain freezes $2.6B worth of inactive tokens

According to the results of a community vote on Feb. 22, users and validators of The Open Network (TON), a layer one blockchain previously created by Telegram, have voted to suspend miners’ wallets for four years if they are inactive and have never made an outgoing transaction. The decision resulted in 1,081,389,416 TON being suspended, worth an estimated $2.58 billion at the time of publication and accounting for over 20% of TON tokens outstanding. The validator vote, which began on Feb. 21, 2023, was passed after the first two rounds…

Crypto market plummets in intense selloff

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io shorts #crypto #bitcoin The cryptocurrency market cap dipped under $1 trillion on June 13 for the first time since 2021 as part of an … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

LTC Snaps Losing Streak, SOL Moves 7% Lower – Market Updates Bitcoin News

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Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%. Litecoin (LTC) Litecoin (LTC) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone. LTC/USD rose to an intraday high of $95.36 earlier in today’s session, which comes 24 hours after falling to a low of $92.48. Since hitting a…