Month: February 2023

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…

Bitcoin must leverage $1T central bank liquidity to beat sellers — research

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Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge” resistance. That was the opinion of trading firm QCP Capital, which in its latest crypto market research piece, “The Crypto Circular,” warned that Bitcoin faces risks far beyond the Federal Reserve. Bitcoin “most direct global liquidity proxy” Having survived the latest flood of macroeconomic data from the U.S., Bitcoin is nonetheless flagging right below $25,000 as bulls run out of momentum. For QCP Capital, there is now…

US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar

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Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC. In a Feb. 22 announcement, Representative Emmer said he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect Americans’ right to financial privacy. According to the Minnesota lawmaker, the bill could prohibit the Fed from issuing a digital dollar “directly to anyone”, bar the central bank from implementing monetary policy based on a CBDC, and require transparency…

A Day in the Life of a Dev: Ethereum’s Justin Florentine

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