Day: August 14, 2023

What is MEV Bot? | Blockchain News

Introduction Miner Extractable Value (MEV) bots have become a prominent feature in the world of cryptocurrency, particularly within the Ethereum network. These bots are designed to identify and exploit profitable opportunities within the blockchain, but they have also been associated with scams and controversial practices. This wiki provides an in-depth look at MEV bots, their functionality, and the ethical considerations surrounding their use. What is MEV? MEV stands for “Miner Extractable Value” or “Maximum Extractable Value.” It refers to the potential profits that miners or validators can generate by selectively…

Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina

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Argentine libertarian Presidential candidate and Bitcoin enthusiast Javier Milei has shocked the world by emerging victorious in Argentina’s recent primary elections. The pro-Bitcoin advocate scored the majority of the votes, making a stinging win during the Primaries on August 13. Javier Milei Demolishes Electoral Competition Javier Milei, an outspoken Argentine economist, is known for his sharp criticism of traditional politics and his fervent support of cryptocurrencies, including Bitcoin. Due to this, previous poll predictions had stated that Milei would score no higher than third place in the recent elections.  However,…

FedNow showcases DLT-powered payments system as service provider

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The United States Federal Reserve’s instant payment system, FedNow, has added a company powered by the distributed ledger technology (DLT) platform Hedera Hashgraph to its list showcasing service providers.  On Aug. 14, FedNow’s official website added Dropp — a micropayments platform built on Hedera — to its FedNow Service Provider Showcase section. The section aims to connect financial institutions and businesses with service providers that can “help them innovate and implement instant payment products using the FedNow Service.“ DLT-powered platform Dropp showcased on FedNow’s website: Source: FedNow According to FedNow’s…

Hedera Token’s Price (HBAR) Gains on Fed Move

Hedera Hashgraph’s HBAR token took the lead among major cryptocurrencies on Monday with a gain of 15% over the last 24 hours, after the U.S. Federal Reserve’s FedNow added a Hedera Hashgraph-based micropayments platform, Dropp, as a service provider. FedNow is an instant payment service provider developed by the Fed for depository institutions in the U.S. Hedera is a public distributed ledger based on a Hashgraph algorithm that the company says allows users to process transactions quickly and cheaply. Bitcoin and ethereum were trading flat on Monday after trading in…

SHIB, PEPE, APE Gain Against Bitcoin, Santiment Explains What This Means

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Shiba Inu (SHIB), Pepe (PEPE), and ApeCoin (APE) have performed well against Bitcoin recently. Here’s what the memecoins’ profits mean. SHIB, PEPE, And APE Have Enjoyed An Uptrend Recently Bitcoin has been going through a major phase of stagnation recently as the number 1 cryptocurrency’s price has remained stuck between the $29,000 and $30,000 levels. Much of the other market hasn’t been all that different, either. Out of the few coins that have gone against the grain and have displayed some volatility. However, the meme coins have especially stood out.…

Cardano sees 16-month high accumulation

Cardano (ADA) has been experiencing a noteworthy surge in accumulation despite prevailing bearish sentiment in the market.  Despite a 35% decline in its market cap over the last four months since the yearly peak, trader sentiment toward Cardano remains subdued. However, this hasn’t dissuaded large holders from showing a continued interest in the asset. Per the data from Santiment, the number of wallets holding 100,000 or more ADA tokens has reached its highest level in 16 months, with a current count of 25,294 such addresses.  This accumulation trend bucks the…

Upbit Announces Listing of Layer 1 Blockchain SEI

Upbit, a globally recognized digital asset exchange, has announced the addition of a new digital asset, SEI, to its KRW and BTC markets. The announcement was made on August 14, 2023, and provides detailed information about the listing and associated guidelines. SEI Token Listing Details SEI, the native token of the Sei network, will be supported for deposits only on the Sei network (other networks like BSC will not be supported). The support for SEI deposits and withdrawals is scheduled to commence on August 15, 2023, at 21:00 KST. Trading…

British regulator discloses crypto registration stats

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Since January 2020, 291 crypto companies have applied for registration with the principal financial regulator of the United Kingdom, the Financial Conduct Authority (FCA). Only 13% of them successfully obtained a permit to operate in the country.  On Aug11, the FCA published a response to a right-to-know request, whose author remains unnamed. The request considered four questions about the registration statistics of crypto asset businesses. The regulator revealed that since 2020 it has received 291 applications for registration and approved only 38 of them. Most applications (155) were withdrawn by…

Shiba Inu (SHIB) Poised for Golden Cross: How Will Prices React?

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Shiba Inu (SHIB) has emerged as a star player in the face of tumultuous currents in the crypto market, signaling a potential game-changing move on the horizon. Bolstered by a robust 28% surge in price over the past eight days, SHIB is now at the precipice of what traders refer to as a “Golden Cross,” a technical pattern that could herald further significant gains. The Golden Cross, a term coined within the realm of technical analysis, is a pivotal point where a cryptocurrency’s short-term moving average crosses above its long-term…