Author: admin

Ethereum Name Service (ENS) has launched a legal challenge against Unstoppable Domains (UD). This article focuses on a controversial blockchain naming patent that has caused significant controversy in the blockchain industry. This patent was originally filed by Unstoppable Domains and ostensibly incorporates technology developed by ENS. This led to accusations of intellectual property misappropriation. Ethereum Name Service and the Unstoppable Realm: Legal Battle ENS' legal complaint filed with the United States Patent and Trademark Office (USPTO) alleges that Unstoppable Domains wrongfully patented technology that the company originally developed as open source. This technology involves resolving blockchain domain names, a key…

Block, formerly known as Square Inc., detailed its months-long plan on Thursday's earnings call to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. “In April, Block implemented a Bitcoin dollar-cost averaging (DCA) purchase program that runs through 2024,” the company said in a statement. blog post. “Under this program, Block will invest 10% of its gross profits from Bitcoin products into Bitcoin purchases.” The company said in a so-called document that acquiring Bitcoin each month is a “principled investment approach” rather than “buying Bitcoin in bulk.” corporate blueprintoutlines how Block Bitcoin will be stored, insured,…

The Ethereum cryptocurrency can be expected to rise further towards the next resistance level at 3340.00 (where the previous Minor Impulse Wave 1 stopped late last month). – Ethereum reverses from support zone– May rise to resistance level 3340.00The Ethereum cryptocurrency recently reversed upwards from a support zone located at the intersection of the major support level 2860.00 (wave (2) and ii lows from March, as seen from the daily Ethereum chart below), and the daily Support trend line of the ascending channel Daily Bollinger Band decline from October and 50% Fibonacci correction of the previous upward impulse from October.…

Blockchain security firm CybersAlert reported that an anonymous cryptocurrency trader lost 1,155 Wrapped Bitcoins (WBTC) worth $70.5 million due to poisoning.The company stated:“Are we wrong, or did someone really lose $68 million worth of WBTC? Our system detected another address that fell victim to address poisoning and lost 1,155 WBTC. I lost it.”Meir Dolev, founder and CTO of Cyvers, said: Added It said this was “probably the largest amount ever lost to address poisoning fraud.”address poisoningAddress poisoning is one of the tactics used by malicious organizations to exploit crypto traders. This nefarious act usually lures the victims into transferring their…

Ethereum price has risen over 2.5% in the past 24 hours Most indicators and market indicators looked bullish on the ETH chart As market sentiment has changed over the past few hours, Ethereum [ETH] I got the same benefit as the daily chart turned green. However, the recent rally could be just the beginning of a massive bull market, especially as the price of the king of altcoins is currently trading in a bullish pattern. Ethereum bullish movement The past seven days have not been in the best interest of investors, as the price of ETH has fallen by more…

Investing.com – Billionaire Bitcoiner and former BitMEX CEO Arthur Hayes has shared his latest predictions.Hayes said in a blog post that he believes the worst is over for now.“While we do not expect cryptocurrencies to fully realize the inflationary trend of recent US financial announcements any time soon, we do expect prices to bottom out, be devalued, and begin to rise slowly.”Bitcoin rises above $61,000 again Earlier this week, Bitcoin was below $57,000 ahead of the Fed meeting. However, Federal Reserve Chairman Jerome Powell announced that interest rates would remain unchanged, as many investors expected. After this decision, BTC traded…

Bitcoin (BTC)'s recent weakness is not unique to the crypto market and therefore does not indicate a sector-specific capitulation, Coinbase (COIN) said in a research report on Friday.Coinbase notes that both stocks and gold have fallen since hitting highs in mid-April on the back of a strong dollar. The world's largest cryptocurrency fell 16% in April, its biggest monthly decline since June 2022.Analysts David Hung and David Duong said: “This drop gives us optimism because Bitcoin's maximum drawdown from its peak is 23%, below its historical range. That's true.''“We believe this overall downward drawdown trend will continue, in part due…

The euro zone unemployment rate remained at a record low for the fifth consecutive month in March, with unemployment declining, but the tight labor market has pushed the European Central Bank to We may continue to be cautious.The seasonally adjusted unemployment rate in March was 6.5%, Eurostat data showed on Friday, the same level as the previous four months. This interest rate was in line with economists' expectations. A year ago, the unemployment rate was 6.6%.The EU unemployment rate fell to 6.0% from 6.1% in February. This rate was at the same level as the same month last year.The number…

What is the current price of Ethereum? Ethereum (1 ETH) price is trading at $2,995.99 as of 8 a.m. ET. The highest intraday price Ethereum reached in the past year was $4,088.00 on March 12, 2024. ethereum chart The chart above captures data as of 8 a.m. ET each day and does not show intraday highs or lows. Ethereum is not the first altcoin, but it is the most popular and successful. This cryptocurrency was born in his 2015 year. Its blockchain has generated tremendous growth and revenue over the past nine years. Ethereum price history *Return comparisons are as…

In a surprising turn of events, crypto traders have fallen victim to $68 million in losses on Wrapped Bitcoin (WBTC). This fiasco was due to tainted transfer history mentioned by traders. This incident is a clear example of the “crypto nightmare” and a stark reminder to be cautious when transferring and trading cryptocurrencies. $68 million worth of wrapped Bitcoin lost The trader lost approximately $68.27 million worth of wrapped Bitcoin after he accidentally copied the wrong address from his tainted transfer history. According to a post on X by cryptocurrency detective Scam Sniffer, the victim sent 1,155.28 WBTC to the…