All posts by CardanoNews

MARKETS NEWS

Testing of the new version of Bitcoin Core begins

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It is not essential to be a software programmer to test the new version of Bitcoin Core. The main candidate of the main client (or software) to run Bitcoin is already ready. It’s up to the user community alone to verify the behavior of the improvements and standardized functions. The release of a guide makes testing easier.

The new version of Bitcoin Core will be number 24. New versions of this software are released publicly every six months (and sometimes a little more). Earlier the community has the possibility to run various tests. This software candidate has been tested since the beginning of September.

You can create a wallet for testing or use an existing wallet. Restore or backup. Verify that scales and labels are correct.

Tomorrow, September 28, there will be a joint review (Bitcoin Core PR review club) to talk about Bitcoin Core 24 for an hour.

Source: criptonoticias
Testing Bitcoin Core 24.0 Release Candidates: bitcoincore.reviews

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Is Bitcoin price in the hands of new investors?

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Transfer volume from wallets increased from a peak of 8% in January 2021 to 0.4% in September 2022, according to analytics firm Glassnode. It is underlined that the dominant behavior of investors is refusing to sell their bitcoins “despite extremely uncertain global markets”. This was stated by Glassnode in its latest report, and the oldest coins are considered to be the most inactive.

According to Glassnode researchers, it is clear that those holding their bitcoins are not interested in selling at these price levels due to the volatility of the past year. First of all, they are the most experienced who have overcome several previous bearish cycles.

glassnode.com taken from page

The report claims that “almost all market activity is driven by young coins that have repeatedly changed hands.” So, the price of the coin fluctuates mainly due to the movements of those who bought bitcoin less than 6 months ago.

Detail: glassnode.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Why did bitcoin crash? What is the reason for BTC falling below 20K

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Bitcoin had risen to $ 20,381 yesterday. Investors rejoice at every rise, but BTC is falling again. So why did BTC drop below 20K?

Bitcoin had reached its highest level in a few days. Not only cryptocurrencies but also US stocks fell. Benchmark stock indexes fell this Tuesday, with the S&P 500 and Dow trading 0.7% and 0.6% lower, respectively. Bitcoin is still notable with its 4.47% depreciation in September after losing 13.5% in July. On the other hand, the major cryptocurrency fell 72.28% from its record high.

The reason for the Bitcoin crash this time is not Jerome Powell. BTC, which could not pass the resistance zone, seems to be more dominant, going in the downward direction. Bitcoin’s rise and fall could possibly be related to recent sales in stocks. The S&P 500 hit 3,631, its lowest level since November 2020, after a 0.71% pullback today.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

How to Mine EthereumPoW ETHW, ETHW Pool Mining

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After ETH mining ended, miners turned to different coin mining. For those who are curious about EthereumPoW ETHW mining, how to mine ETHW, ETHW pool usage and settings.

Our article was taken from medium.com.
” In this post, I will show you how to mine ETHW in the most user friendly environment, an old Windows PC with Nvidia GeForce GTX 1070 GPU. Just to show that anyone can be a mine.

1- Mining ETHW requires a GPU with at least 5GB of RAM and an internet-connected computer.

2- For Nvidia GPU, people recommend T-Rex, a mining software. Open their website https://trex-miner.com/ and download and download the Windows version.

3- Unzip the downloaded ZIP file to a folder.

4- Select any file that starts with “ETH-” inside the folder. Right click on it and select “edit”. The file will open in Notepad. I chose the ETH-ethermine file.

5- Then we need to change the content. There are 3 places.


“stratum+tcp://xxxxxxxx” is the address of a mining pool server. We use EthwMine here (https://ethwmine.com/). Open the website and under “Help” you can find a list of servers.

Choose the one closer to you and replace the original server address with it.

The string after “-u” should be replaced with your own wallet address. This is where you will receive payments.

“-w rig0” is for specifying which GPU you want to use. Uninstall it so that the software tries to use all your GPUs.

The final command will look like this –

Save and close the file.

6- Double click on the file you just changed and now you are mining ETHW. Leave the window open or minimized. Payments will be sent to your address.

If you want to exit, close the window. And you can always reboot whenever you want.

You can also change the filename to “ETHW-ethwmine” to reflect the contents of the file.

7- You can check your mining status at:
https://ethwmine.com/accounts/<add your wallet address here>

Last:
For Linux or AMD GPU please check both websites, they should be very similar.

https://ethwmine.com/help

https://trex-miner.com/

Source: medium.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

ALTCOIN NEWS

EthereumPoW (ETHW) Wants to be Listed on All Exchanges

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EthereumPoW (ETHW), which was implemented by a group of developers who rejected the transition of the Ethereum Blockchain network from Proof of Work to Proof of Stake, came up with a new call. Although the project managed to gather support in the first place, this support did not come much. Trying a new method to increase the number of listings, the project called on startups and exchanges to list the ETHW coin on Twitter.

EthereumPoW, which forked itself to continue its life as the PoW of the Ethereum Blockchain network, continues to work to search for new supporters. Although it is supported to a certain extent by PoW supporters, the work of the project, which has only ETHW in hand, is unfortunately very difficult with the entire DeFi ecosystem moving to PoS.

At this point, the project, which was trying to find a new solution, requested a listing from the platforms. According to a statement shared for EthereumPoW (ETHW) on Twitter, the EthereumPoW ecosystem is under rapid construction. In addition, the project called on Web3 teams to be included in the first ecosystem directory of ETHW-based products, and asked the teams to explain their goals.

Source: btchaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

BitMEX Co-Founder Arthur Hayes market comments

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BitMEX co-founder Arthur Hayes said in his blog post that Bitcoin bulls should be “concerned” about the $17,500 price level for BTC, which seems to be the bottom in the current bear market.
“While watching the volatility and movements of the US dollar liquidity index, it seems that the price level of Bitcoin, which should be worried about for a long time, is at $ 17,500. The most likely course of action is to retest this bottom level. Whether the price will stay above this support is entirely in the US dollar. It will depend on the course of the liquidity index.”

Evaluating Ethereum (ETH), Hayes claimed that the second largest cryptocurrency by market capitalization will likely outperform Bitcoin. The cryptocurrency investor also said that it is unlikely that Ethereum will reach at least $10,000 as he predicted at the beginning of the year if monetary tightening continues in the US: “ I am confident that the structural reduction in the supply of ETH will certainly result in a better performance against Bitcoin, but I don’t think ETH will reach a five-digit price by the end of the year if the Fed and the US Treasury continue their plans to reduce the liquidity of the US dollar.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Binance Global Advisory Board Established. Is the regulation preparing?

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Binance has started to innovate on the regulation and compliance process. Binance announced the establishment of the Global Advisory Board (GAB). The goal of the Global Advisory Board is to cooperate with regulatory bodies. GAB consists of distinguished experts in corporate governance, finance, economics and public policy.

The creation of the institution can be interpreted as a major step forward in Binance’s efforts to support the sustainable development of blockchain technology. The Global Advisory Board is chaired by former US Senator and Chinese Ambassador Max Baucus.

The institution met recently in France. Expressing his pleasure to be a part of GAB, Baucus said: ” Technologies that will add a new dimension to the global economy include cryptocurrencies, blockchain and Web3. These technologies are at the forefront of the most exciting and promising developments. It is a great honor for me to contribute to the establishment of the Binance Global Advisory Board. Our goal is to resolve the complex issues we face within the law and offer new recommendations.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

ADA price forecast and what will be the price performance in September

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Cardano (ADA) has been bearish since its last highs. The critical support for ADA is located at the $0.40 level. Cardano has experienced a drop from $0.59 to $0.43 since August 14, 2022. For now, bears control the price action. A larger downtrend could begin if the critical support at $0.40 is broken to the downside.

Cardano is a blockchain platform that allows transactions on its native token, ADA, and enables developers to build secure and scalable applications powered by it.

ADA tokens can also be used to vote on software policies. Each ADA holder owns a stake in the Cardano network. ADA stored in a wallet can be transferred to a pool of shares to earn rewards, or pledged to a pool of shares to increase the pool’s probability of receiving rewards.

Cardano is linked to various payment programs. It combines leading technologies to provide unmatched security and sustainability.

Cardano is built on the groundbreaking Ouroboros proof-of-stake consensus protocol. It is important to say that Cardano’s code is written in the officially designated Haskell programming language, which is widely used in the banking industry.

The team behind Cardano is united in a common purpose to enable positive global change and to power a new era of possibility together with its partners. It has a community of scientists, engineers, and thought leaders.

According to the latest survey, Cardano is more efficient than Paypal, YouTube and Netflix in terms of energy consumption. Charles Hoskinson, CEO of IOHK, said: “The advantage of what we have is that you can use most of your magic in the other two phases, as you don’t have to have a huge overhead and energy expenditure in deciding who to block.”

If central banks continue to act aggressively, this could potentially push the global economy towards a recession. In this case, most other cryptocurrencies, including Cardano (ADA), could fall further.

Source: cryptoparahaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Samsung may open a cryptocurrency exchange

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After the Terra crisis this year, South Korea took drastic measures. Along with Samsung Securities, which will comply with these measures, 7 major brokerage houses have applied for a pre-license to open their own cryptocurrency exchanges.

In the news written by the NewsPim newspaper, 7 securities companies, one of the largest companies in South Korea, applied for a pre-license to open a cryptocurrency exchange in the first half of 2023. Only 2 company names were announced. Samsung Securities and Mirae Asset.

Mirae, South Korea’s largest investment bank with a market capitalization of $648 billion, plans to operate the exchange through a subsidiary it will establish under its advisory arm, Mirae Consulting. The company also aims to employ technical staff for the research and development of Bitcoin and other blockchain-based platforms.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Investors withdraw their Bitcoins from exchanges

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Analyzing the data, it seems that after the collapse of crypto lending companies, investors began to slowly withdraw their Bitcoins from crypto exchanges. In its article, Glassnode Analysis firm stated that Bitcoin balance on exchanges has reached the lowest level in four years.

According to the post on Arcane Research’s Twitter account, Bitcoin investors have started to withdraw their assets from cryptocurrency exchanges at full speed. Arcane Research group shared information about the negative situation they have noticed since the beginning of the year. He stated that Bitcoin investors have withdrawn their Bitcoins from exchanges in an unprecedented way following the liquidity crisis at crypto lending companies such as Celsius, Babel Finance earlier this summer.

 Arcane Research

119 thousand Bitcoins were withdrawn from exchanges in June and 96 thousand in July. In August, 65,000 Bitcoins have been withdrawn from cryptocurrency exchanges so far. Prior to this summer, the largest amount of Bitcoin withdrawn from exchanges totaled 71,000 BTC.

Source: uzmancoin.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.