A picture of bitcoin, a digital currency, on top of some coins. Multiple analysts described bitcoin's latest pullback as perfectly natural. getty. Bitcoin prices ...
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Current Bitcoin Price
Tuesday, February 23, 2021
Hemptown Drives Financial Innovation: Now Accepting Bitcoin and Other Cryptocurrency Payments
The nation's premium hemp company now expanding payment options to include cryptocurrency. Portland, Oregon--(Newsfile Corp. - February 23 ...
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In Aftermath Of Capitol Insurrection, Congress Worries Crypto May Fund Domestic Extremists
Chart that shows cryptocurrency received by domestic extremists over the last four years. Chart from a blog by Chainalysis that indicates the amount of ...
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Why MicroStrategy Stock Crashed on Tuesday
Shares of business intelligence specialist and cryptocurrency investor ... Cryptocurrencies have posted significant price drops over the last two days ...
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Daily Discussion - February 24, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted February 23, 2021 at 06:00PM by AutoModerator https://ift.tt/2ZL05Ni https://ift.tt/2Z7cX2s
Let‘s move to moon!!πππ
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Submitted February 23, 2021 at 03:55PM by Hamza_Bosanac https://ift.tt/3qRWYz5 https://ift.tt/2Z7cX2s
Submitted February 23, 2021 at 03:55PM by Hamza_Bosanac https://ift.tt/3qRWYz5 https://ift.tt/2Z7cX2s
In Nigeria, One Bitcoin Can Cost $68000. Here's Why.
He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he'd be getting more naira per dollar ...
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Bitcoin price crashed! Here is what comes next
F2Pool Bitcoin mining pool sent 3633 Bitcoin in a single transaction out of their bitcoin mining wallet and right onto the exchanges. They then proceeded ...
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Blog: Cloud Mining: A new stage of Cryptocurrency Mining | Tudip
Cryptocurrency, which is a form of digital currency that has an unbarred and decentralised system and uses cryptography to build up security and control ...
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JPMorgan and Citi are using blockchain technology, and other banks are considering allowing ...
Blockchain is a digital ledger and the technology used to transact with cryptocurrencies like bitcoin. JPMorgan, Citi, Wells Fargo, US Bancorp, PNC, ...
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Monday, February 22, 2021
One Thing: Day 346: More Bitcoin… - The Six-Figure Coach
It's Day 346 of the One Coaching Thing Series with Six-Figure Coach Founder and Editor-in-Chief Karl Bryan. Day 346: More Bitcoin…
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BNY Mellon Said to Hire Fireblocks for Bitcoin Custody Service
With bitcoin edging its way onto Wall Street, big institutions are looking for ways to accelerate their offerings, creating a bit of gold rush for crypto-native ...
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Morocco Eyes CBDC as Cryptocurrencies Gain Attraction
According to the report, the central bank will study CBDCs as "speculative nature" of cryptocurrencies continue to worry many at the risk-averse ...
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Daily Discussion - February 23, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.
Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.
Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
Rules:
- All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
- Discussion topics must be related to cryptocurrency.
- Behave with civility and politeness. Do not use offensive, racist or homophobic language.
- Comments will be sorted by newest first.
Useful Links:
Submitted February 22, 2021 at 06:00PM by AutoModerator https://ift.tt/2ZGEG8c https://ift.tt/2Z7cX2s
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course
The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens.
Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt
Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based tokens” due to network congestion while underscoring that user funds were SAFU (Secure Asset Fund for Users).
#Binance has temporarily suspended withdrawals of $ETH and Ethereum-based tokens due to high network congestion.
Rest assured funds are #SAFU and we apologize for any inconvenience caused.
Updates to follow.
— Binance (@binance) February 22, 2021
Although Binance has since reversed its earlier decision and restored service in an announcement 37 minutes after its first tweet, traders were quick to pile on with the criticism. This latest move came amid a spike in Ethereum gas costs and a backlog that quickly escalated past 151,000 pending transactions. Binance CEO Changpeng Zhao corroborated the stress on the system, noting that gas shot past “+1200” during the latest congestion.
ETH is super congested now, at 1200+ gas. @Binance have suspended withdrawals.
There was a conspiracy theory that Binance is deliberately making ETH gas fees high. π Let's see it come down a bit. pic.twitter.com/tNK9b3b9OK
— CZ πΆ Binance (@cz_binance) February 22, 2021
Binance has already become a big target among the crypto community after being blamed for persistently high gas costs. Some claim that the congestion is a concerted effort on the part of Binance to attract more users to its Binance Smart Chain. However, given the tremendous transaction volumes and gas fees that Binance pays to the Ethereum network weekly, this claim is hard to corroborate
Binance Outage Underlines the Need to Scale
Yet, together with other recent events like the AWS problems that surfaced last week, this latest service outage begs the question as to whether centralized exchanges are capable of handling the latest torrent of investor flows. Moreover, the rollout of Ethereum 2.0 has brought to light similar scaling issues and whether already clogged blockchains can keep pace with advancing adoption.
For some market participants, the answer lies in liquidity aggregators. While service interruptions have dotted the cryptocurrency landscape for years and become commonplace during periods of serious volatility, aggregators that pool liquidity from centralized (CEX) and decentralized exchanges (DEX) have cobbled together a patchwork solution. Still, questions linger about the security of their custody along with blockchain interoperability.
Offerings like Orion Protocol have addressed many of these challenges by aggregating liquidity in a hybrid fashion from CEXs, DEXs, and now automated market-makers (AMMs). Aggregators are attempting to help decentralize the pressure and reverse the load issue strain felt by exchanges during peak periods while avoiding the custody question.
Still, for traders on centralized exchanges, load balancing issues and volatility remain a scourge for the ecosystem as the latest Binance outage underlines.
Do you think withdrawal suspensions will become the norm or a solution to network congestion will be found? Let us know in the comments section below.
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Square's $50M Bitcoin Buy Is Now Worth $253M
Analyst consensus estimates that Square will record $1.5 billion in bitcoin revenue, but those estimates could be off because of analysts who don't pay ...
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Market Wrap: Bitcoin Stabilizes After Margin Calls Fuel Biggest Plunge in Month
Bitcoin trading around $53,884.35 as of 21:00 UTC (4 p.m. ET). Slipping 6.45% over the previous 24 hours. Bitcoin's 24-hour range: $47,780.75-$ ...
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This Raspberry Pi Video Jukebox Accepts Bitcoin
This will take the user to a page that offers to send Bitcoin to Edwardianpug's wallet. Once the transaction is complete, the user can choose a music ...
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BitLux reports more than 50% of charter flights booked using cryptocurrencies during 2021
With the increasing availability of cryptocurrency for common transactional processes, it should come as no surprise that there has been a recent push ...
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Nyan Cat GIF Sold at Auction for $587000 in Cryptocurrency
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