Ethereum (ETH) co-founder Vitalik Buterin has proposed a new limit on the total transaction calldata in a block to decrease the overall transaction calldata gas cost over the ETH network. Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time
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Bitcoin (BTC) stemmed some of its losses as Wall Street opened on Nov. 26 after concern over a new COVID-19 variant spark a global market sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pfizer gains as coronavirus panic sets in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500
The founder of Paytm, a major digital payment company in India, is “very positive about crypto.” Noting that cryptocurrency is here to stay, he expects it to become a mainstream technology in a few years. Paytm Founder Is ‘Very Positive About Crypto’ Vijay Shekhar Sharma, the founder of Paytm, said at a virtual conference organized
A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC). Omarova’s nomination as a bank regulator was initially opposed by three members of the Senate Banking Committee — Senators Jon Tester, Mark Warner, and Kyrsten Sinema — on a
Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world’s biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume
El Salvador President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 today. In a Friday tweet, the El Salvador president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According
Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex
Bitcoin (BTC) and most major altcoins sold off along with global equity markets and crude oil on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protein. The sharp fall has resulted in
Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennial’s rebirth in the wild west of crypto — complete with scammers, party drugs and a North Korean crypto conference. “Want to
Deribit exchange is the absolute leader in the Bitcoin (BTC) options markets and on Nov. 24 the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.” We’ve seen 25-Delta put skew moved from around 0% to almost 10-15% pending time to expiry since beginning of Nov implying a more
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group
Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Bailey argued that El Salvador’s decision to adopt Bitcoin as a currency was alarming because consumers are likely to suffer from the cryptocurrency’s extreme volatility. Trading
Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue. Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins trade at their lowest in six weeks. Misgivings over $53,000 floor After an overnight sell-off sparked
Bitcoin (BTC) shed almost $5,000 in a single day on Nov. 26 as bulls faced fresh disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingv Bitcoin targets $54,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed towards $54,000 at the time of writing amid intense volatility. Holders saw major selling pressure after coming
A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation. The report states that a single transaction on its network uses 0.00051 kWh, or 1,836 Joules, of energy. According to Google, an average
The Bitcoin network already processes more volume by dollar value than Paypal and the largest decentralized cryptocurrency network in the world by market cap could outstrip Mastercard by as early as 2026. A Nov. 25 report from market intelligence platform Blockdata titled When might the Bitcoin network process volumes like Mastercard and Visa? points out
