While the Ethereum Merge failed to move Bitcoin from a price standpoint, the industry believes we have yet to see the effects of its shift from PoW to PoS.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
$740M in Bitcoin exits exchanges, the biggest outflow since June's BTC price crash
Bitcoin price technicals, however, remain bearish for with the BTC price eyeing a run-down toward $14,000 in Q4.
$740M in Bitcoin exits exchanges, the biggest outflow since June's BTC price crash
The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure, which could help BTC price avoid a deeper correction below $18,000.
Bitcoin forming a "bear market floor"
Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, wh traders withdrew nearly 68,000 BTC from exchanges.
Moreover, over 121,000 BTC, or nearly $2.4 billion at current prices, has left exchanges in the past 30 days.
Bitcoin exchange netflow from all exchanges. Source: CryptoQuantA spike in Bitcoin outflows from exchanges is typically seen as a bullish signal because traders remove the coins that they wish to hold from platforms. Conversely, a jump in Bitcoin inflows into exchanges is typically considered bearish given that the supply is immediately available for selling increases.
For instance, Bitcoin bottomed out locally at around $18,000 when its outflows from exchanges reached nearly 68,000 BTC on June 17. The cryptocurrency’s price rallied toward $24,500 in the following weeks.
Ethereum solo validators that censor blocks should ‘be tolerated,’ says Buterin
Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case.
Ethereum solo validators that censor blocks should ‘be tolerated,’ says Buterin
Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case.
Interpol reportedly creates dedicated unit to fight crypto crimes
Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said.
Interpol reportedly creates dedicated unit to fight crypto crimes
Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said.
Bitcoin price 'easily' due to hit $2M in six years — Larry Lepard
Current BTC price is nearing the level where Lepard will "back up the truck," with the asset manager eyeing 100X gains.
Bitcoin price ‘easily’ due to hit $2M in six years — Larry Lepard
Bitcoin (BTC) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes.
In his latest appearance on the Quoth the Raven podcast Oct. 16, Lepard said that BTC/USD could “easily” deliver 100X returns from current prices.
Lepard: “I personally believe Bitcoin’s going to go up 100X”
With Bitcoin in a downtrend for almost a year, bullish BTC price predictions are few and far between.
Lepard, already known for his optimism on both Bitcoin and precious metals, has become one of the lone voices forecasting a seven-figure BTC price tag in the current environment.
In his podcast appearance, the Equity Management Associates founder revealed that he is still dollar-cost averaging into BTC — buying a fixed amount every week, regardless of the price.
EU Commissioner urges lawmakers to hurry up with crypto regulations
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort.
'Performing as expected' — Aptos Labs defends day 1 criticism
Aptos’ blockchain claims to handle three times the amount of transactions per second than Solana but day one of its launch saw the network transacting a much lower amount.
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability.
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
Ripple users may be able to interact with Ethereum-compatible decentralized applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain.
The launch of the sidechain was shared in a Tweet by blockchain development firm Peersyst Technologies on Oct. 17, noting that the new sidechain is compatible with Ethereum Virtual Machine (EVM).
This means that Ripple users could eventually have access to decentralized applications like Uniswap (should it port over) and Web3 wallets such as Metamask and XUMM Wallet.
The new sidechain also comes with a cross-chain bridge built to transfer XRP and other assets between the EVM-supported sidechain and the XRP Ledger Devnet.
According to RippleX software engineer Mayukha Vadari, the release “means developers no longer have to choose between XRPL or EVM-compatible blockchains.”
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability.
'Not even a single TX has been censored on ETH' — Cyber Capital founder
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds.
'Not even a single TX has been censored on ETH' — Cyber Capital founder
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds.
'Not even a single TX has been censored on ETH' — Cyber Capital founder
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds.
Celsius judge says court may look to UK consultation paper in absence of US guidance
Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy.
Texas investigates FTX for securities violations after objecting to Voyager auction
The Texas State Securities Board enforcement director downloaded an FTX Trading app – not an FTX US app – in Texas using his own information and was able to earn interest on it.
The crypto industry fights regulators in the courts: Law Decoded, Oct. 10–17
Grayscale and Ripple against the SEC, Coin Center versus the Treasury — it’s a hot season in the U.S. courts.