Bitcoin and the broader market appear to have stabilized after gaining some traction in the inaugural week of the year. Regrettably, the industry seems to be back to its initial position, with the overall market capitalization dropping nearly 3% over the last week. One of the factors that may have contributed to this negative atmosphere in the market was the sanctioning of the United States Department of Justice (DOJ)’s proposal to liquidate seized Bitcoin holdings. Given the considerable volume of the coins, there is a widespread feeling that a market decline could be imminent. Is A Market Decline Imminent? In…
Autore: wsjcrypto
According to industry leaders, the enactment of the Bitcoin Act may ultimately propel BTC’s value beyond $1 million per coin. Source link
The EF is thrilled to unveil the outcomes of the Medalla data challenge, a data hackathon centered around the Medalla testnet ✨ The challenge was open-ended: we requested data tools, visual representations, and analyses of testnet data; essentially, anything that would assist the community in comprehending all the data. Throughout six weeks, we gathered 23 entries from a diverse array of teams. We were delighted to observe exceptional quality submissions in every category. Rewards are categorized into three tiers based on scope, scalability, and relevance to the community. 🥇 Gold ($15k reward) Jim McDonald — chaind, a tool for retrieving…
In spite of the excitement for a new year’s rebound, Bitcoin (BTC) has displayed a rather volatile upward trend since the year’s onset, causing numerous investors to ponder its forthcoming direction. Notwithstanding the absence of considerable momentum, recent analysis from experts has highlighted important patterns and accumulation prospects for BTC. These insights contribute to a more profound comprehension of Bitcoin’s market framework and suggest tactics for maneuvering through its present landscape. Short-Term Declines Suggest Accumulation Opportunities A participant on CryptoQuant’s QuickTake platform, MAC.D, brought attention to a continuing pattern in a post entitled “Short-term SOPR Below 1: An Optimal Time…
By Lourdes O. Pilar, Researcher THE PHILIPPINES’ commercial deficit in November decreased to its lowest in three months, as both exports and imports diminished, according to data from the statistics office. Initial data from the Philippine Statistics Authority (PSA) indicated that the country’s trade-in-goods balance — the disparity between exports and imports — reached a deficit of $4.767 billion in November, a decrease of 0.04% from the $4.769-billion gap in November 2023. Month over month, the trade deficit reduced by 17.5% from the revised $5.78 billion in October. November recorded the narrowest trade deficit in three months, or since the…
It’s always enjoyable to learn about newly awarded grants, but what occurs after the announcement? In this series, we’ll assess projects that are in progress – or have already reached completion. Continue reading to discover some recent milestones and successes achieved by grantees! Where relevant, the grant recipient is mentioned first, followed by the initiative for which the grant was given. Fuel Labs for Optimistic Rollup R&D, SparsENS Fuel Labs is primarily recognized for their development of a UTXO-based model for scalable, trust-minimized optimistic rollups. This versatile team is also working on SparsENS, a stateless ENS subdomain registrar designed to…
As stated by the US Department of Justice, the co-founder of Wolf Capital has admitted guilt to conspiracy of wire fraud for enticing 2,800 cryptocurrency investors into a Ponzi scheme. Source link
As reported by the US Department of Justice, the co-founder of Wolf Capital has admitted guilt to conspiracy involving wire fraud for enticing 2,800 cryptocurrency investors into a Ponzi scheme. Source link
Community & educationBlockchainsForSchoolsSupport of BlockchainsForHacks, a creative challenge designed for high school and university students to develop original projects utilizing blockchain technology.Cryptography & zero knowledge proofsHubbleOngoing financial support for the development of an optimistic rollup hub that facilitates the formation of any rollup chain by simply writing a solidity function.Cryptography & zero knowledge proofsZkopru (zk-optimistic-rollup)Layer-2 enhancement solution for secure transactions employing zk-SNARKs and optimistic rollup. GitHub: https://github.com/zkopru-network/zkopruCryptography & zero knowledge proofsDark ForestTheoretical gaming study conducted by a cohort of Stanford students utilizing zk-SNARKs to create “incomplete information” scenarios where users maintain a private state while openly submitting verifiable valid actions.…
Follow Nikolaus On 𝕏 Here For Daily Updates Exactly one year ago, Gary Gensler and the Securities and Exchange Commission (SEC) finally yielded and sanctioned the trading of spot bitcoin exchange traded funds (ETF) to commence the following day. These ETFs would subsequently become the top-performing ETFs in history, with BlackRock’s ETF $IBIT spearheading the endeavor, amassing over $52 billion inflows alone.I sense that many individuals are hesitant to acknowledge this, or simply prefer not to, but the ETFs represented the most crucial moment for Bitcoin throughout 2024. Reflecting on the year, it feels as if everything favorable for Bitcoin…