Day: May 13, 2023

Ethereum clients Prysm, Teku release upgrades to solve network finality issues

Two Ethereum 2.0 consensus clients, Prysm and Teku, have released new upgrades to address current Beacon Chain finality problems. The Ethereum network encountered finality problems twice in 24 hours, the first lasting 25 minutes and the second lasting more than an hour. According to an announcement on the Ethereum Foundation blog, on May 11 and 12, there were two different occurrences where the proof-of-stake (PoS) consensus mechanism for the Ethereum network’s Beacon Chain failed to reach finality for 3 and 8 epochs, respectively. However, end-user transactions were unaffected due to…

Creditors to Get 13% per Dollar   – Bitcoin News

boss

EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice from EY, it was revealed that Quadriga creditors will receive a payout equivalent to 13.094156% of the total value of their claims. EY’s Update Offers Redemption for Quadriga CX Creditors With Haircut Compensation Plan After…

the next major step in scalability

Ethereum developers are planning the next major upgrade to the blockchain, called “Dencun,” which will involve two simultaneous upgrades known as “Cancun” and “Deneb.” Ethereum’s developers are testing out other proposals that could make it into the next hard fork. They aim to push Dancun live in the second half of 2023, marking a significant milestone in the evolution of the Ethereum blockchain. The Dancun upgrade is expected to bring about improvements in terms of scalability, efficiency, and security, making the Ethereum network more robust and capable of handling higher…

Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network

boss

A million-dollar question in crypto might be whether tokens can be considered securities in the United States, with some crypto companies staking a lot of money on it.  For payment platform Ripple — sued by the U.S. Securities Exchange Commission (SEC) in 2020 — defense costs have already topped $200 million, Cointelegraph has learned. The SEC claims Ripple sold XRP (XRP) tokens as an unregistered security in the same way it has recently accused many other crypto companies. Even the possibility of expensive litigation with the regulator isn’t stopping firms…

SOL up 5%, as LINK Breaks Key Resistance Level on Saturday – Market Updates Bitcoin News

boss

Solana rose by as much as 5% in today’s session, as cryptocurrencies began to recover from Friday’s red wave. The global market cap was up by nearly 2% at the time of writing. Chainlink also rose, moving back above a key resistance level. Solana (SOL) Solana (SOL) moved back above the $20.00 mark to start the weekend, as the token rose by as much as 5% today. Following a low of $19.81 on Friday, SOL/USD jumped to an intraday peak at $21.25 on Saturday. The rebound came as solana collided…

BTC price bounces at $25.8K lows amid warning over low whale interest

boss

Bitcoin (BTC) sought to pass $27,000 on May 13 after a “scam wick” produced new two-month lows. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Traders: BTC price must retain $26,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recovered from a flash dip to $25,800 on Bitstamp. The pair saw weakness after the start of the week’s final Wall Street trading session, briefly cutting through the key 100-day and 200-week moving averages (MAs) before rebounding. BTC/USD 1-hour candle chart (Bitstamp) with 100-day, 200-week MA. Source: TradingView As…

Crypto winter might not be over according to bitcoin data, digitoads attracting capital

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Experts are cautious, predicting that the crypto winter might not be over. Bitcoin traders remain split with most investors considering DigiToads. DigiToads is trending, expanding its social media presence as it continues establishing itself as a community-focused project while riding the meme token wave. Notably, TOADS, DigiToads’ native token, is solid and accumulated by savvy investors in an overly fluctuating and dicey market. There could be a potential for TOADS to outperform even mainstream currencies like…

Montenegro court releases Terra founder Do Kwon on $436k bail

Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on bail of €400,000 each, which is about $436,000 at current exchange rates. JUST IN: Terra founder Do Kwon released on bail in Montenegro. — Watcher.Guru (@WatcherGuru) May 12, 2023 Kwon and Chong-Joon were arrested in March at an airport in Podgorica, the Montenegrin capital, while trying to flee to Dubai with fake…

BTC Rebounds From 2-Month Low, as Bulls Enter the Market – Market Updates Bitcoin News

boss

Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip. After falling to a low of $25,878.43 on Friday, BTC/USD rose to an intraday high of $26,989.07 earlier in the day. Today’s rebound sees bitcoin jump back…

Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend

boss

A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets. New data reveals that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens that is set to launch next week, surged from its seven-day low of $0.0595 on May 6th to a new all-time high of $0.154 just six days later, a 158% increase. The 287th-ranked crypto asset by volume has since retraced and is trading for $0.146 at time of writing. AlexGo, which made its market debut last September, recently reached out to other crypto…