testy 1

Ethereum fees drop drastically – Is low demand the reason?

Ethereum’s fees have fallen to their lowest level since 2020. With growing supply in the past few weeks, Ether is back to being inflationary.  Demand for Ethereum Mainnet  [ETH] has been slowing down over the past few months, driving fees to their lowest level since April 2020, on-chain data provider IntoTheBlock noted in a recent post on X (formerly Twitter). Total Ethereum fees hit their lowest point since April 2020! This decrease is driven by the migration to layer 2s and the decreasing usage of applications in Mainnet ?https://t.co/XAGjJnXoDD pic.twitter.com/liNkrd1B5r — IntoTheBlock (@intotheblock) October 13, 2023 Is your portfolio green?...

Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions

Source: Pixabay Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA). As a part of its expansion plans, the firm has hired Devika Mittal of OKX and Kamakshi Arjun of Polygon to head its Indian operations and business development, the company said Thursday. “I am so excited to help Ava Labs expand its reach and impact in the region, and am confident that Ava Labs is well-positioned to meet the demands of India’s large and growing population...

Tether CTO Reveals Real-Time Reserves Reporting Launching in 2024

USDT reserve transparency takes a major step forward. Tether, the issuer of the widely-used USDT stablecoin, will begin releasing reserve data in real-time in 2024 according to Paolo Ardoino, the company’s CTO and future CEO, in an interview with Bloomberg News on Thursday. This move reflects Tether’s efforts to increase transparency in crypto markets and reassure investors and regulators about the stability of USDT, which has faced questions about its reserves in the past. Tether has expanded significantly over the past year, now accounting for nearly 70% of the total stablecoin market capitalization. As a systemically important company in crypto,...

BSV Blockchain to showcase groundbreaking innovations at GITEX Global 2023 in Dubai

ZUG, Switzerland, Oct. 16, 2023 — BSV Blockchain is thrilled to announce its participation in GITEX Global 2023, the world’s largest and most inclusive tech event. GITEX Global will return to Dubai for its 43rd edition, bringing together the world’s most advanced companies and brightest minds to drive the power of innovation in business, economy, society, and culture. The event is scheduled to take place from October 16th- 20th 2023, at the Dubai World Trade Centre, UAE. As GITEX is a flagship expo for tech enthusiasts and early adopters for transformative solutions, BSV Blockchain will be showcasing innovations from participating...

The Path To Riches Is Paved With Avalanche (AVAX) And Bitcoin Spark (BTCS)

The primary reason many people get into the crypto space is to build riches, and these cryptocurrencies, Avalanche(AVAX) and Bitcoin Spark (BTCS) have emerged as two contenders, each having unique features and potential for those seeking the path to riches. This content examines AVAX and BTCS’s prospects and current events. Avalanche Recovery (AVAX) Avalanche, AVAX, made a name for itself in the cryptocurrency market with great hype. Many investors were thrilled about its potential because of its revolutionary consensus method and promise of scalability. However, AVAX, like many other cryptocurrencies, witnessed price instability and market changes. Recent Challenges for AVAX...

Blockchain work innovator HUMAN Protocol launches Web3 event – Newconomics – alongside Web Summit in Lisbon

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › A new event is launching on the fringe of the Web Summit in Lisbon this year, highlighting the future of work on the blockchain. HUMAN Protocol, the decentralized, automated solution to work, is hosting Newconomics so that technologists, business people, and the curious can learn how the blockchain can work in a host of new applications. Located at Lx Factory in Alcântara, Lisbon, the event will include 12 talks and panels over two days and a pitching contest to show off...

Fantom Foundation Exploit – How Hackers Stole Nearly $7M Right Under Their Noses

FTX hacker has started converting ETH In a devastating blow, the Fantom Foundation falls victim to an exploit draining millions from its wallets across Ethereum and Fantom. Blockchain security firm CertiK Alert reported that Fantom Foundation wallets were recently compromised. The exploit resulted in major losses across Ethereum and Fantom. According to CertiK, the Foundation lost around $470,000 in FTM tokens and at least $187,000 in ETH after a security exploit. Additionally, the stolen funds have been consolidated into a wallet holding 4,501 ETH valued at nearly $7 million. #CertiKSkynetAlert 🚨 Fantom Foundation wallets have been drained on Ethereum and...

Shiba Inu (SHIB) Price Surges 5% After Binance Collateral Announcement

The cryptocurrency market has experienced significant growth, with Shiba Inu (SHIB) gaining attention due to its unique features and growing popularity. This article explores the recent price surge of SHIB due to its announcement as collateral on Binance and its potential impact on the crypto ecosystem. Shiba Inu (SHIB): An Overview Before we delve into the recent price surge, let’s take a closer look at what Shiba Inu (SHIB) is all about. SHIB is an ERC-20 token that was launched in August 2020 as an experiment in decentralized community building. Inspired by the Shiba Inu dog breed, SHIB gained popularity...

Gold Prices Soared 300% After First ETF Approval, Will Bitcoin (BTC) Follow?

Bitcoin (BTC) prices are pumping as spot exchange-traded fund (ETF) hype ramps up sending the asset to an 18-month-high. Gold prices surged in the years following its first ETF approval, but will Bitcoin follow suit? Bitcoin prices touched $35,000 during the Tuesday morning Asian trading session. Moreover, the massive move marks a 14% daily gain sending the asset to its highest price since May 2022. Mirroring Gold Price Action? The surge has been attributed to the hype and expectations surrounding a spot ETF approval. Unlike futures ETFs, a spot product would invest directly in the underlying asset adding to buying...

Why Does Lyn Alden Back Satoshi Nakamoto’s Identity Secrecy?

Macroeconomist Lyn Alden has articulated her stance on preserving the anonymity of Satoshi Nakamoto, the creator of Bitcoin, in a series of posts. “Bitcoin was built as an open source decentralized project to survive regardless of who the creator was,” Alden stated. Lyn Alden: Secrecy of Satoshi Nakamoto’s Identity Benefits Bitcoin In a series of posts on X (formerly Twitter), Alden emphasized that Nakamoto’s identity holds no significance in determining the ultimate success of Bitcoin (BTC). “Bitcoin was built as an open source decentralized project to survive regardless of who the creator was.” She further explained that it only adds...