Hello, crypto enthusiasts! 👋 I created this blog so that we can dive together into the exciting world of cryptocurrencies and blockchain. Whether you are a beginner or an experienced trader, here you will find friends, practical advice, and reliable support. > We will publish daily: > * Up-to-date news from the crypto market > * Educational materials for beginners (from the basics of blockchain to the first steps in trading) > * Analytical reviews (promising altcoins, DeFi and NFT trends) > * Practical tips on security and effective trading > * Answers to your questions > My goal is to create a dynamic community where everyone can learn, grow, and reach new heights in the crypto world! > Special announcement: I also plan to launch a Telegram channel to be even closer to you and share information promptly. If you are passionate about cryptocurrencies, wish to contribute to the development of the community, and help me run the Telegram channel, I would be happy to chat and discuss collaboration.
Why is Ethereum leaving Layer 2? An analysis of trends and the future of the ecosystem.
Hello, crypto enthusiasts! 👋 Today we will discuss an interesting, yet somewhat concerning trend: the reserves of Ethereum (ETH) on Layer 2 (L2) networks are noticeably decreasing. Over the past few months, the total ETH balance on L2 has dropped by approximately 25%. In particular, Optimism has lost 54% of ETH since March, while Arbitrum and Base have lost 17% and 14% respectively.
Good day everyone! I've taken a little break from crypto, now it's time to get back! Guys, what are you currently holding on the spot? It will be interesting to read 👇 #spot
Binance noted the growth of the share of meme coins in the altcoin market
The Binance Research team presented a report on meme coins.
Experts noted a near tripling of their share in the altcoin market over the past two years.
They added that more than 75% of all meme coins were created only in the last year. Since 2022, the share of meme coins in the altcoin market has almost tripled—from 4% to 11%. This follows from the report by Binance Research experts, which they shared with Incrypted.
The expert named the timeline for Bitcoin's exit from consolidation
The exit of the price of digital gold from consolidation is impossible until the uncertainty regarding the winner of the U.S. presidential elections is resolved. On election night, the price movement of the first cryptocurrency could be 3.5% in either direction. Without a new catalyst, the exit of altcoins from "apathy" is unlikely.
Cardano (ADA) has been struggling lately. The altcoin has been stuck in a sideways trend since early August, and now it's facing several more strong bearish signals. Let's figure out what's happening with Cardano (ADA) and what to expect from the altcoin's rate in the coming days. The market is losing interest in Cardano
November Calendar: US presidential elections and sentences in the Bitfinex hack case
On the last day of October, ForkLog magazine prepared its traditional calendar of important events for the next month.
November 1 — entry into force of the regulation on the register of miners in the Russian Federation.November 5 — US presidential elections.November 7 — meeting of the US Federal Reserve on the key interest rate.
VanEck, a well-known asset management company, has successfully enabled staking for the Solana exchange-traded bond in the European market. The ETN, which tracks the price and performance of SOL, now offers investors an additional benefit: automatic staking rewards. Rewards are added directly to the ETN’s capital and are reflected in its daily net asset value (NAV).
Michael Saylor: MicroStrategy Creates Bridge Between Bitcoin and Wall Street
Tech company MicroStrategy continues to surprise the market with its huge investments in Bitcoin. Founder and executive chairman Michael Saylor recently spoke to the New Zealand Herald about how the firm is transforming traditional financial markets with the first cryptocurrency.
Solana Network Surpasses Bitcoin Blockchain in Important Metric
A16z experts presented the State of Crypto report, in which they indicated that the Solana network was able to bypass Bitcoin in terms of active addresses. According to the information provided by the experts, the number of active addresses in the Solana network is now almost 100 million, while in the Bitcoin network their number does not exceed 11 million.
Ontario Woman Demands Bitcoin Ransom From Extortionists
Fraudsters demanded $1,900 in Bitcoin from an Ontario woman in exchange for not disclosing details of her intimate life and not publishing incriminating photos of her. A woman named Alexandra said she received an email from the extortionists, in which they claimed to have hacked her computer, where she had incriminating videos and photos. The attackers managed to find out her name, home address, email address and mobile phone number, and even got hold of a photo of the street where her house is located. The criminals tried to intimidate the woman and put psychological pressure on her, writing that she would be greatly humiliated if her colleagues, friends and family saw these “inappropriate things”.
As Bitcoin's bull run gains momentum, the Bitcoin ETF market has seen its third straight day of inflows, with net total inflows of $253 million on Monday and $555 million on Tuesday. That gives the ETFs a net inflow of ~$926 million over three days.
On October 15, the Bitcoin spot ETF saw an inflow of $371 million. Currently, US Bitcoin spot ETFs hold a total net asset of $63.13 billion, or 4.80% of the total Bitcoin supply. Among the market leaders, IBIT BlackRock saw an inflow of $288.84 million yesterday.
Hong Kong police have uncovered a local cyber-syndicate that was using deepfake technology to lure victims into fraudulent crypto investment schemes. On Monday, October 14, Hong Kong police announced the arrest of 27 people, including university graduates, recruited by a syndicate to set up fake trading platforms and websites for fictitious crypto companies. Most of the syndicate members were between the ages of 21 and 34.
An analysis of changes in the number of Bitcoin addresses over the past year shows that retail investors are returning to the market, albeit cautiously. The BTC price began to rise steadily in early 2024, raising questions about whether new and experienced small users are ready to actively invest in the cryptocurrency again. Analyzing data on small groups of addresses helps to get a more accurate picture of the current state of the market and possible prospects.
EigenLayer Project Accused of Deceiving Investors' Expectations
The EigenLayer (EIGEN) blockchain protocol, aimed at restaking in the Ethereum network, has not met investors' expectations, says Alex Obchakevich, founder of the cryptoanalytics company Obchakevich Research. The researcher emphasized that EigenLayer attracted a lot of attention in its early days and raised a whopping $64.5 million from venture capital funds. EigenLayer promised “innovations in liquid staking that provide high returns for users and reliability for investors,” but failed to deliver, Obchakevich emphasized.
Opinion: XRP Ledger Has One Major Obstacle to Attracting New Users
10 XRP, the minimum reserve required to activate an XRPL account in non-custodial wallets, is a barrier to new users, a commonly heard sentiment shared by the CEO and founder of XPMarket, one of the most popular platforms on the XRP Ledger. Minimum Wallet Size of 10 XRP Becomes a Barrier for XRPL
Payment service Stripe has added stablecoins USDC and USDP as a payment option on the checkout page, Bloomberg reports. On the very first day, clients from more than 70 countries took advantage of the option. “We’re doing what internet businesses want, and they want to reach more customers at a lower cost. Stablecoins are showing early signs that they can help achieve that,” said Stripe’s head of product, Jeff Weinstein.
US Inflation Slows Continued as Bitcoin Falls Below $61,000
The news is being updated According to the results of September, annual inflation in the US amounted to 2.4% against 2.5% a month ago. The indicator exceeded market expectations of 2.3%. On a monthly basis, the consumer price index rose 0.2%, the same as in August. The consensus forecast was for a 0.1% increase. The indicator, excluding food and energy prices, rose 0.3% compared to the previous month and 3.3% compared to September last year. In the previous report, the figures were 0.3% and 3.2%, respectively.
IDA Integrates HKDA Stablecoin With Chainlink For Secure Cross-Chain Use
Hong Kong-based digital asset issuer IDA Finance said it will integrate Chainlink’s blockchain services into its upcoming Hong Kong dollar-backed stablecoin, HKDA. The move aims to improve transparency and ensure the security of cross-chain transactions for the fiat-backed stablecoin, according to a press release on October 9.