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Ethereum fees have recently soared to over $4. This is the third time that fees have skyrocketed since Ethereum's upgrade. Ethereum [ETH] After introducing BLOB with the Dencun upgrade, our charges were significantly reduced. This upgrade also reduced overall Layer 2 (L2) network costs. However, recent activity has led to an increase in Blob fees, primarily due to the airdrop of new L2 network tokens. Ethereum L2 BLOB fees spike According to data from Dune Analytics, blob fees rose significantly on October 22, reaching over $4. This is the third major spike since the Dencun upgrade. This increase is related…
One cryptocurrency founder says that since Ripple has no real utility, the XRP price should not rise much in this market cycle, and it is better to buy ETFSwap (ETFS), which will give you bigger profits. He said that it means that. Several XRP price predictions have been made ahead of the Bitcoin bull run, with analysts saying that the XRP price is poised to at least exceed the current ATH. However, one cryptocurrency founder said that the XRP price may not perform as well as many expect due to Ripple's lack of real utility. Therefore, investors would be better…
In response to the latest anti-Bitcoin paper from the European Central Bank (ECB), a new academic paper titled “Challenging Bias in the ECB’s Bitcoin Analysis” has been published. The paper, written by Murray A. Rudd and co-authors Allen Farrington, Freddie New and Dennis Porter, builds on a recent study by ECB officials Ulrich Bindtheil and Jürgen Schaaf. It comprehensively criticizes the book. Dennis Porter, CEO and founder of the Satoshi Action Fund, who originated the paper, announced its publication in “This is an academic rebuttal.” The original ECB paper by Bindseil and Schaaf depicts BTC as a speculative asset with…
Guarantee BBVA Crypto We have strengthened the performance and security of our cryptocurrency asset trading platform by collaborating with ripple and IBM. The company is debuting the platform for its entire customer base following a pilot program in 2023, according to Wednesday (October 23). press release. “We continue to grow our scale by increasing the diversity of our assets and developing our service infrastructure.” Colkan AbariCEO, members of the board of directors Garanti BBVA Kripto, said in a release. “Working with Ripple and IBM gives us confidence in an institutional-grade storage infrastructure that provides security, robust governance, and compliant processes.”…
Volatility continues to rock the digital currency ecosystem, with Bitcoin (BTC), Chainlink (LINK), and Dogecoin (DOGE) taking center stage. According to current market data, the cryptocurrency market capitalization has decreased by 2.05% to $2.28 trillion. The correction in the broader cryptocurrency market is consistent with the stock market, according to data insights from Santiment, a cryptocurrency analysis platform. Advantages of Bitcoin, Chainlink and Dogecoin Santiment has actually profiled 10 digital currencies that it claims have “crowd optimism.” The analytical platform used this term to refer to coins that are being talked about by more community members. Topping the sifted list…
Cryptocurrency markets fell on Wednesday, with long crypto liquidations at their highest level since October 15th. cryptocurrencyprice Gain +/-Bitcoin BTC/USD $66,169.96-2%Ethereum ETH/USD $2,503.20-4.8%Solana Sol/USD $170.11+0.99%dogecoin doge/usd $0.1364-2.7%Shiba Inu SHIB/USD $0.00001738-4.9% Notable statistics: According to IntoTheBlock data, large transaction volume increased by 0.7% and daily active addresses decreased by 12.5%. Transactions over $100,000 fell from 8,957 to 7,886 in one day. Exchange net flows decreased by 716.6%. According to Coinglass data, 83,751 traders liquidated for $228.61 million in the past 24 hours. Long liquidations in cryptocurrencies totaled $196.3 million, the highest level since October 15th. Notable developments: Top losers: cryptocurrencyprice Gain…
ripple President Brad Garlinghouse says the U.S. Securities and Exchange Commission (SEC) has agreed that his company's founders helped create it, even though his fintech company has been at odds with regulators for years. We are confident that we will approve crypto exchange traded funds (ETFs). fund manager bitwise submitted For XRP ETF at the beginning of the month. If the fund is approved, it will be traded on stock exchanges and investors will be able to access XRP without actually owning the cryptocurrency. The filing came as a surprise because Ripple, whose founders developed XRP, has been embroiled in…
There is a noticeable buzz in the crypto community as the US presidential election draws near. Both Democratic and Republican candidates have expressed their intentions to pursue pro-crypto policies, sparking a surge in US political betting. This is evident in Polymarket’s trading volumes breaking records and surpassing $380 million in July 2024 alone. Moreover, the platform’s monthly user count has grown to nearly 44,000 traders, up from roughly 4,000 in January. That same summer, during a campaign event at the Fiserv Forum in Milwaukee, Vice President Kamala Harris vowed that if she were the US president-elect, she would “focus on…
Whales fed up with low Ethereum (ETH) prices are turning to top altcoins to increase their holdings. One of the top candidates for growth is crypto casino Rollblock (RBLK). Roll block's first mover advantage in online gambling has many whales hoping for a repeat of Polygon's (POL) blister 100 times Rally from 2021. Layer 2 blockchain pre-empts Ethereum rebound As the second half of 2024 dragged on, Ethereum’s price worsened further. Rather than skyrocketing as the whales initially thought, Ethereum plummeted more than 30% at the end of a disastrous spot ETF rollout. Ethereum price has barely recovered 15% from…
Andreessen Horowitz (a16z, if you know him) manages approximately $50 billion in investor assets, making it one of the most expensive venture capital funds in the world. But more importantly, the company is passionate about cryptocurrencies and publishes a comprehensive and must-read annual State of Crypto Report. We read the latest edition and selected some timely opportunities.1. Cryptocurrency activity is at an all-time high.According to a16z report, never Monthly active crypto addresses increased. In September, over 220 million wallet addresses interacted with the blockchain at least once. This was more than three times the number from the previous year. Although…