GildCoin - Crypto News

2023-05-08 19:05:08 Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation.

On Sunday, May 7, 2023, bitcoin transaction fees exceeded the block reward for the first time since December 2017 at block height 788,695.

Block intervals or mining times have been exceeding the ten-minute average lately. The most recent block time was approximately ten minutes and 34 seconds. Slower block times may result in another decline in difficulty — an estimated drop of around 5.3% is anticipated to occur on May 18, 2023. Open / Comment

2023-05-05 18:40:09 VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High

A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023.

The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project.

On the same day the network launched, SUI peaked at $2.16 per unit, but has since dropped by 37% from its record high. Open / Comment

2023-05-04 15:00:08 Pay employee salary with only one click using cryptocurrency!

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Website Open / Comment

2023-05-02 18:48:02 Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message

On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street.

He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday.

Furthermore, there has been a great deal of conjecture surrounding the possibility of the central bank cutting the federal funds rate multiple times throughout the year.

However, Wilson believes that investors who are expecting this outcome will ultimately be disappointed. Open / Comment

2023-05-01 17:00:03
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2023-04-29 18:27:04 Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad.

Fewer Russians want to open local bank accounts in major Western currencies amid restrictions on what they can do with their money.

A “massive decline” in demand for deposits in U.S. dollars and euros is to be expected, according to Anna Romanenko, director of communications at the financial marketplace

“According to our data, by January of this year, the number of online requests for deposits in dollars and euros reached a minimum for the past two years,” Romanenko noted. And while due to the weakening of the ruble in March, interest in the dollar temporarily increased, demand for the euro is “still minimal,” she detailed.

At the same time, the expert believes an increase in demand for the Chinese yuan, as an alternative foreign currency, can be expected. Anna Romanenko highlighted that 49 banks in the Russian Federation already have such offerings. Open / Comment

2023-04-26 17:32:02 Bitcoin, Ethereum Technical Analysis: BTC Moves Back Above $29,000, After Customers Withdraw $100 Billion From First Republic Bank

Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900.

Bitcoin (BTC) rebounded strongly on Wednesday, as markets reacted to the news that deposits in First Republic Bank fell by $100 billion last month.

BTC/USD surged to a peak of $29,121.97 earlier in today’s session, following a low of $27,217.17 the day before.

This move has pushed bitcoin to its highest point in the last seven-days, when it was trading above $30,000. Open / Comment

2023-04-25 15:00:04 UTBAI's Price Rises from $0.02 to $0.2005, Reflecting UnitedTeleBot's Success

@UnitedTelebot - Amazing Collab with telegram

UnitedTeleBot (UTB.ai) has shown remarkable growth with its native token, UTBAI, experiencing a significant price increase from $0,02 to $$0.2005.

With a total supply of 710,000,000 (BSC Network) (Utb.ai, UTBAI-BSC) UTBAI, around 8,805,260.64 tokens in circulation

UTBAI Market Cap of approximately $1,092,244.23, UTB's AI-powered

technology continues to thrive.

More than 94,000 @UnitedTeleBot Users inside the UTB bot

UTB's AI predicts a price of around $0,203 to ~$0,2125 tomorrow

@UnitedTeleBot


24 hours: UTBAI +4.43%
7 days: UTBAI +18.21%
30 days: UTBAI +131.53%

@UnitedTeleBot
Stay Tuned Open / Comment

2023-04-23 17:10:08 Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy

Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion.

Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s foreign minister says a flight from the U.S. dollar “is sure to accelerate.”

In related news, the historic fall of Italy’s Medici bank could shed some light on movements being witnessed in the global banking sector over 600 years later. Open / Comment

2023-04-20 19:28:01 Biggest Movers: DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low

Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.

Dogecoin (DOGE) was volatile on Thursday, as prices moved back into the red, after an earlier rebound.

DOGE/USD fell to an intraday low of $0.08685 in today’s session, following an earlier high of $0.09297.

The meme coin has been volatile in recent sessions, after a week-long bull run was snapped on Wednesday.

Looking at the chart, today’s candlestick has printed a large doji, with dogecoin now trading close to its open price.

In addition to this, the relative strength index (RSI) has found a floor at the 53.00 mark, which has helped maintain the uncertainty.

Should this floor give way, there is a good chance that DOGE will move towards a support point at $0.08000.

Litecoin (LTC) traded near a three-week low in today’s session, as the token moved below $100.00.

Following a high of $101.95 on Wednesday, LTC/USD plunged to a low of $89.38 earlier today.

This is the lowest level that litecoin has hit since March 31, with bears now potentially targeting a long-term floor at $86.00.

As a result of today’s decline, the RSI has fallen to a point of support of its own at the 45.00 mark.

If price strength were to fall below this point, it is likely that LTC could head closer to $80.00. Open / Comment