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U.Today - The Foundation just pulled the curtain back on its latest innovation: the , or EELS.EELS has been in the works...
17/09/2023

U.Today - The Foundation just pulled the curtain back on its latest innovation: the , or EELS.

EELS has been in the works for over a year and aims to replace the Yellow (OTC:YELLQ) Paper as the go-to guide for Ethereum's inner workings. But unlike its predecessor, EELS is not stuck in the past. It is fully up-to-date with all the latest forks and offers a user-friendly approach that is geared toward programmers.

What is EELS? It provides a complete snapshot of the protocol at every fork, including the ones still on the drawing board. This is a big deal because, until now, Ethereum Improvement Proposals (EIPs) have only ever suggested changes.

They have not given developers a full picture of how those changes fit into the existing framework. EELS solves this problem by offering a comprehensive, easy-to-follow guide that could become the new gold standard for Core EIPs.

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and s...
17/09/2023

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white paper seeking to explain the intended function of Patricia Token.

According to the released white paper, Patricia Token is not a stablecoin but a debt token issued to customers to manage users’ debt. Patricia said it would operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users and promising to pay holders 1 Tether (USDT) for each Patricia Token in the future.

U.Today - In a stunning turn of events, insiders appear to have gained a significant edge on the crypto markets, with da...
16/09/2023

U.Today - In a stunning turn of events, insiders appear to have gained a significant edge on the crypto markets, with data from revealing a remarkable accumulation surge within shark and whale wallets. This noteworthy uptick in accumulation occurred right before the breaking news of the landmark v. SEC ruling.

The timing could not have been more precise, as individuals behind wallets containing between 10 and 10,000 BTC amassed a staggering $388.3 million, equivalent to 14,596 BTC, in Bitcoin on the day leading up to the announcement. As a result, this accumulation craze was rewarded handsomely, with Bitcoin's price experiencing a 6% surge, reaching a two-week pinnacle of $28,142 per

Crypto.news - Bitcoin critic Peter Schiff warns that Grayscale’s recent legal victory in converting its GBTC to a spot B...
16/09/2023

Crypto.news - Bitcoin critic Peter Schiff warns that Grayscale’s recent legal victory in converting its GBTC to a spot Bitcoin ETF could be bearish for the cryptocurrency.

Schiff wrote in an Aug. 29 tweet, “GBTC becoming a spot ETF is actually bearish for Bitcoin.” He explained that traders can buy GBTC now and sell or short BTC. He added that once GBTC becomes an ETF, the discount to net asset value goes away.

The comment follows Grayscale Investments LLC securing judicial backing for initiating a Bitcoin spot ETF in the United States. Three federal judges annulled the SEC’s decision to prevent GBTC’s conversion to a spot Bitcoin ETF, allowing it to move forward instead.

U.Today - Several XRP transactions that make up an impressive total amount together — close to half a billion — have bee...
15/09/2023

U.Today - Several XRP transactions that make up an impressive total amount together — close to half a billion — have been spotted by the popular crypto tracking service Whale Alert over the period of the last 24 hours.

Ripple Labs giant took an active part in this, transferring part of this massive crypto stash.

Ripple sells 59 million XRP, with 483 million XRP on the move in total
The above crypto tracker spotted three XRP transfers, carrying 424,018,481 XRP; 31,000,000 XRP and 27,600,000 XRP.

Crypto.news - The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like P...
15/09/2023

Crypto.news - The race for stablecoin supremacy heats up as industry experts debate Tether’s role and new players like PayPal (NASDAQ:PYPL) enter the arena.

Bloomberg Intelligence expert Jamie Coutts pointed to Ethereum’s (ETH) growing dominance, highlighted by key network adoption metrics and layer-2 projects like Optimism, Arbitrum, and Base.

He anticipates that Ethereum’s scaling roadmap will drastically lower layer-2 transaction costs, thanks to the forthcoming EIP-4844. This comes as PayPal recently debuted its PYUSD stablecoin, fueling speculation that it might develop its own layer-2 network.

Crypto is a volatile place. Money can be as easily lost as made through the ups and downs of Bitcoin and the wider marke...
14/09/2023

Crypto is a volatile place. Money can be as easily lost as made through the ups and downs of Bitcoin and the wider market, and there are massive decisions to make. Should you just hodl invest and do nothing or actively trade the market? How many coins should your portfolio hold? Self-custody or keep your funds on an exchange with pre-determined stop losses?

Basically, how do you protect your stack from the million and one things that can go wrong? We asked Bitcoin OGs and experts in the space for their advice and opinions.

U.Today - might face potential downside risk slightly above $25,000, near where it trades at the moment, crypto analyst ...
13/09/2023

U.Today - might face potential downside risk slightly above $25,000, near where it trades at the moment, crypto analyst noted in a new tweet.

At the time of writing, BTC was marginally down 0.63% in the last 24 hours to $25,703.

Bitcoin's death cross, the first seen since January 2022, is set to appear in days. A bearish indication, a death cross occurs when the moving average (MA) 50 crosses below the moving average (MA) 200 and, in theory, implies a further sell-off.

Based on this, Ali notes that a drop below the $25,200 support might confirm a deeper price correction ahead for BTC.

In this , selling might build up, and BTC could target below $25,000, possibly as low as $24,756. A rally above $26,399 would suggest that the advantage has shifted in favor of buyers. This might spark an increase to $27,695 and, finally, to $28,142.

However, the daily RSI flattening below the neutral threshold of 50 may indicate that both bulls and bears are skeptical about the upcoming move, with the bears holding a slight advantage.

Thus, it might be necessary to watch for a break above $26,399 or a dip below $24,756 to adjudge BTC's next move

Although quantitative easing can be a useful tool in times of economic crisis, it is often criticized for its potential ...
13/09/2023

Although quantitative easing can be a useful tool in times of economic crisis, it is often criticized for its potential drawbacks, which include escalating inequality, distorting markets and possibly laying the groundwork for future financial instability.

Supply dynamics
Forking and airdrops
Stablecoins and collateral
Market dynamics

Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first...
12/09/2023

Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first exchange AI-driven order type on Sept. 8.

Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it “dynamic,” meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time.

The first spot Bitcoin exchange-traded fund (ETF) application, filed in July 2013, was denied in both 2017 and 2018. A d...
12/09/2023

The first spot Bitcoin exchange-traded fund (ETF) application, filed in July 2013, was denied in both 2017 and 2018. A decade has passed since that initial application, and the Securities and Exchange Commission has rejected more than a dozen additional applications and repeatedly punted the date for deciding on others.

The ETF saga’s latest iteration saw Bitcoin (BTC) jump more than 6% as industry advocates celebrated a court ruling that affirmed what we already knew — that the SEC’s rejection of Grayscale’s ETF application was “arbitrary and capricious.” This was, of course, followed by the SEC delaying its decision on all seven pending Bitcoin ETFs, and a subsequent price drop.

Joseph Kelly is the CEO of Unchained, a Bitcoin financial services company he co-founded in 2016. He’s a graduate of the Texas McCombs School of Business.

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