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The latest Messages 6
2022-01-23 18:02:01
El Salvador buys 410 more BTC amid falling market
El Salvador bought 410 bitcoins for $15 million on Friday, the country's president, Nayib Bukele, said on Twitter.
"Some guys are selling very cheap," he added in his tweet.
Verifying such claims in the public blockchain is difficult because a buyer of a BTC block of that size would almost certainly have to buy it in smaller portions to avoid slippage.
Bitcoin fell about 12% late Friday night to the $36,500 level as broader cryptocurrency prices also retreated.
The country now owns more than 1,500 BTC and plans to issue a 10-year, $1 billion bitcoin bond this year.
2.9K views15:02
2022-01-23 16:10:11
Tether returned $87 million from incorrect addresses
Stable coin issuer Tether has helped users return $87 million dollars sent to the wrong addresses since its launch in 2014, according to its CTO, Paolo Ardoino.
According to Ardoino, just earlier this week, for example, Tether returned nearly $1.5 million in U.S. dollars on behalf of users. As The Block previously reported, Tether has a recovery mechanism that allows it to blacklist Ethereum and Tron blockchain addresses, freeze funds at those addresses and issue new USDT tokens to affected users.
"Some users make mistakes when sending tokens to DeFi (decentralized finance) projects or trading platforms, which results in sending tokens to smart contracts or addresses that have no features to return funds," Ardoino said.
3.2K views13:10
2022-01-23 14:18:01
Bitcoin price falls below $36,000
There was a bloodbath in the cryptocurrency world this week as the price of bitcoin (BTC) took every coin with it. Today, the entire crypto economy lost 11% in the last 24 hours. BTC has been in a downtrend since ATH crypto-asset, and since December 27, 2021, when BTC was trading at $52,000, bitcoin has lost more than 32% in value against the U.S. dollar.
Just after 5 a.m. (EST) on Saturday morning, the value of BTC fell to its lowest level in a year, hitting $34,000 per unit. The daily range of the leading crypto-asset is between $39,177 and $34,000 per BTC. While BTC has fallen heavily in value over the past 48 hours from $43,400 to the current $35,500 to $36,000 per unit, BTC's dominance has increased significantly.
3.6K views11:18
2022-01-23 12:06:01
MakerDAO users prevented liquidations of more than $600 million
Ethereum's hourly bar for January 22 saw quotes sag to $2,500 (on the cryptocurrency exchange Binance). This was below the liquidation price set for seven Vaults with $630 million in aggregate collateral.
MakerDAO users can lower the liquidation price by posting additional collateral or returning DAI to Vault. This can be done even after the price reaches a critical point, as the protocol sends assets to auction with about a thirty-minute delay.
According to MakerDAO founder Rune Christensen, Vaults owners contributed additional collateral in time to save six of the seven "vaults." One of them did undergo liquidation - 28,048 ETH (~$65 million) were sold at the auction, which took place at about 2:00 (MSC).
3.9K views09:06
2022-01-21 20:17:01
SundaeSwap launched on Cardano, but users report failed transactions
The first Cardano DApp SundaeSwap has launched, but is causing frustration among users due to overloads, platform errors, and failed transactions.
SundaeSwap (SUNDAE) is a decentralized exchange and token placement platform. Today's launch of the core network marks an important milestone in the ADA ecosystem, as SundaeSwap is the first DApp to use its smart contracts.
The price of ADA rose 50% in the last week leading up to the SundaeSwap launch.
Bidding on DEX began at 9:45 p.m. UTC on Jan. 20. It took less than two minutes for users to start complaining about failed transactions and network congestion.
SundaeSwap: "We want to let you all know that while it may take a few days to process orders, all orders will be processed fairly and in the order in which they were received."
2 views17:17
2022-01-21 18:53:01
Bitcoin fell below $40,000
On Thursday night around 10 p.m. (EST), the price of bitcoin fell below the $40,000 zone for the first time since Sept. 21, 2021. During Friday morning trading sessions, bitcoin fell to a low of $38,250 per coin. In addition, the market capitalization of the entire crypto economy fell below the $2 trillion mark, dropping 7.5% to $1.94 trillion.
The price of bitcoin (BTC) fell below the $40,000 zone for the first time in 122 days. BTC has lost about 8% in the past 24 hours, and bitcoin has lost 21% against the U.S. dollar over the past month.
The second-largest crypto-asset, Etherium (ETH), is down 9.1% in the last 24 hours and 29.1% in the last month. ETH's 24-hour price range ranges from $3,271 to $2,809 per unit.
4 views15:53
2022-01-20 21:09:00
Stader Labs raised $12.5 million in a strategic round
Stader Labs, a crypto firm that develops decentralized finance or DeFi products for proof-of-ownership blockchain networks, announced Thursday that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com investors, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and anger. Thus, Staber Labs is valued at $450 million.
Amitay Gajala, CEO of Stader Labs, commented on the development as follows:
"This capital will be strategically used to accelerate the development of our interconnect extension as well as to develop our growing ecosystem of third-party developers building stacking applications with Stader's decentralized infrastructure."
2.3K views18:09
2022-01-20 19:07:00
CrossFi will launch DEX in the second quarter of 2022
CrossFi (CRFI) has published a roadmap announcing the launch of DEX (decentralized exchange) in the second quarter of this year. CrossFi is DeFi's crosschain credit platform with collateral for the Filecoin ecosystem.
Once DEX launches, CRFI tokens and other tokens will be able to be added to the liquidity pool and LPs will be able to receive rewards. NFT transactions are also planned. A certain percentage of CRFI will be used as a commission for each transaction.
"Launching DEX was part of our roadmap from the beginning. The CrossFi ecosystem has stabilized and matured, and the path to launching and developing CrossFi DEX in 2022 has become clear. We now have a concrete plan for DEX development this year," the developers said in a statement.
3.1K views16:07
2022-01-19 19:31:08
ESMA calls for a ban on mining on the PoW algorithm
Eric Teden, vice chairman of the European Securities Market Surveillance Authority, urged continental regulators to consider a complete ban on cryptocurrency mining on the PoW consensus algorithm.
Teden cites the growing energy consumption of Proof-of-Work mining as the main reason. According to the ESMA representative, miners may well continue to mine cryptocurrencies, they should just switch to coins based on the Proof-of-Stake algorithm and the like.
Teden, who also serves as director general of the Swedish Financial Services Authority, argues that bitcoin miners have become a "national problem" and have the potential to affect climate change:
"The solution is to ban cryptocurrencies on PoW. The Proof-of-Stake algorithm requires much less energy. We need to discuss redirecting the development of the mining industry to a more efficient technology."
940 views16:31
2022-01-19 17:47:01
"New Axie Infinity launches its token on PancakeSwap
The blockchain-based earning games sector is getting a significant boost with the arrival of Battle for Life on the crypto market. Considered "the new Axie Infinity," Battle for Life launches its BFL game and token this Thursday.
Battle for Life was developed on Binance Smart Chain and could be the "new Axie Infinity" as well as sparking a new phenomenon in the "play to earn" game market. With rewards in cryptocurrency for all users, the platform aims to attract thousands of players to a fantastic story that combines science fiction and avatars with a special composition.
Thanks to the in-game avatars that PancakeSwap will be selling in this pre-sale phase, users will be able to battle each other in battles after the official launch of Battle for Life, as well as complete daily tasks for rewards in cryptocurrency.
1.3K views14:47
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