Сборщик RSS-лент
Адвокаты криптобиржи Coinbase подали апелляцию на решение по иску SEC
Bearish Outlook: Bill Morgan Warns Of Drastic XRP Performance Against Bitcoin
Amidst the volatile landscape of cryptocurrency markets, Australian attorney Bill Morgan has voiced concerns about the action of XRP against notable crypto assets like BTC, noting an extreme decline in performance over time.
XRP Versus Bitcoin Plummeted On Every TimeframeBill Morgan‘s report sheds light on how XRP has reacted to the largest crypto asset since 2021. According to the lawyer, its performance in relation to Bitcoin, Ethereum (ETH), and USD is now completely red throughout all timeframes, ranging from 24 hours to three years. His observations offer a sobering reminder of the token’s difficulties within this timeframe.
This concerning indication is a wake-up call for stakeholders, urging them to reevaluate their investment strategy in light of changing market dynamics as XRP battles to stay afloat against the top cryptocurrency. Morgan previously warned the crypto community that whichever timeline they choose to start with, the crypto asset has underperformed BTC.
The attorney’s post came in response to a pseudonymous X user who claimed that since the clarity of the summary judgment, particularly 9 months ago, XRP has witnessed a decline of more than 76% compared to BTC. Specifically, the July last year clarity summary judgment determined the digital asset’s nature.
The United States Securities and Exchange Commission (SEC) accused Ripple Labs of selling XRP as an unregistered security, thereby claiming the coin itself is a security. However, Judge Torres Analisa ruled against the Commission, saying that the cryptocurrency does not constitute a security nature but a digital token. With the verdict, XRP officially became one of the cryptocurrency assets that have been fully regulated and put through a trial.
While the X user believes the development might have negatively impacted its price compared to BTC, Morgan does not support the idea. He stated that this does not imply that legal clarity was the reason for the decline nor that it is not crucial for the token or any other cryptocurrency in the market.
The Pair Headed For AntarcticaMorgan is not the only crypto enthusiast who has recently shed light on the pair. Peter Brandt, a well-known market analyst, also weighed in on the subject, highlighting that the XRP/BTC pair is headed to Antarctica, leading to speculations among investors as to what this meant.
There are several different ways that one could read Peter Brandt’s unexpected and cryptic phrase. It can suggest a chilly, pessimistic picture for the asset against the BTC chart, indicating that prices may drop to all-time lows akin to the icy conditions of Antarctica.
However, it might also imply venturing into new territory and delving into depths never before witnessed by the cryptocurrency industry. Given the recent performance, it might be considered that Brandt’s phrase was reflecting on the negative aspect of the pair.
СoinМarketСap: Криптовалютный рынок восстанавливается после стресса
Цао Данг Винь: «Криптовалюты нужно не запрещать, но регулировать»
TokenInsight: Объем торгов десяти крупнейших криптобирж вырос на 72%
Немецкий банк LBBW будет оказывать услуги по хранению криптовалют в партнерстве с Bitpanda
Возрождение образования, или Возврат к классическим основам
Tether запускает платформу для токенизации
Сбежавшего из-под стражи топ-менеджера Binance выследили в Кении
Истоки советского образования, или Как спасти школу сегодня
Финансовый регулятор Гонконга утвердил запуск спотовых ETF на биткоин и эфир
Вести с передовой, или Наши дроны — пушки заряжены!
TheMinerMag: После халвинга доходы майнинговых компаний упадут почти на $10 млрд
Децентрализованная биржа Uniswap повысила торговые комиссии
Налоговая служба США усилит преследование уклоняющихся от налогов криптотрейдеров
«Криптодетектив» ZachXBT предупредил о мошенническом проекте Leaper Finance
Маркус Тилен: «В ближайшие полгода майнеры могут продать биткоинов на $5 млрд»
Экономика халвинга: как устроено снижение награды в сети Биткоина и зачем оно нужно
Solana Rolls Out First Mainnet Update To Tackle Congestion Issues
In a move to address its congestion issues, Solana has launched a new update to its validator client software, as announced by Anza, a spinoff from Solana Labs. The update, version 1.17.31, has been released to counter the problems caused by spam transactions, which have notably slowed processing times and increased transaction drop rates on the Solana network.
The main focus of the update is the implementation of a new feature called stake-weighted quality of service (SWQOS). This prioritization scheme is specifically designed to handle transactions from staked validators more efficiently.
“It’s a networking concept that essentially gives certain packets or connections more reliable performance on the network. […] In the current implementation 80% of connections are reserved for QoS, the other 20% can be used by anyone,” according to Tim Garcia, validator relations lead at the Solana Foundation.
Solana Congestion Issues Should EaseAnza emphasized the importance of the update via a post on X (formerly Twitter) today, stating: “MainnetBeta validators: the v1.17.31 release is now recommended for general use. This patch contains enhancements which will help alleviate some of the ongoing network congestion, and will be followed by further enhancements in v1.18. Please upgrade when there’s less than 5% delinquent stake. Be sure you have time to monitor your node after upgrading it and report any issues to mb-validators on Discord.”
Solana Status corroborated this announcement with a similar statement: “The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.”
The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network.
— Solana Status (@SolanaStatus) April 15, 2024
Trent.sol (@trentdotsol), representing Anza, further elaborated on the significance of widespread adoption of this update: “Remember, these are improvements to SWQOS. Their impact should scale with breadth of adoption. Don’t expect a major change in unstaked TPU traffic reliability. Keep delinquency under 5% while upgrading. We have more in the pipe. Stay tuned.”
Rex St. John from Anza also commented on the urgency and ongoing nature of these updates: “This contains the first round of Solana mainnet congestion updates which everyone has been waiting for from Anza. There are additional updates coming. It is important to note this is NOT v1.18, which will have further improvements.”
The detailed description of the update on GitHub highlights several technical enhancements including adjustments in how staked and non-staked packets are managed and improvements to the BankingStage Forwarding Filter, which is crucial for maintaining the efficiency of network operations.
This update comes at a critical time for Solana, which has faced scrutiny over its ability to manage high transaction loads without a traditional mempool, leading to unique challenges in network management. The development community remains optimistic that these improvements, along with future updates, will substantially mitigate these issues and enhance the overall stability and performance of the network.
At press time, SOL traded at $150.
Crypto Crash? Nah, It’s A Buying Opportunity, CEO Says
The world of cryptocurrency is a wild ride. Opinions on Bitcoin’s future are all over the map, with some experts bullish and others bearish. Right now, Bitcoin is stuck around $64,000, and no one can quite agree on where it’s headed next.
Crypto: A Tale of Bullish OptimismAdam Back, the CEO of Blockstream, stands firmly in the camp of bullish optimism. In his view, Bitcoin’s current price is “super cheap,” suggesting that its true value may not yet be fully appreciated by the broader market.
the bulls are right, #bitcoin is super cheap here (and even cheaper last august), just the value understanding is lagging, not evenly distributed – the average investor is a bit of a panicked newb, needs to be battle hardened by a bear market or two before they truly get it.
— Adam Back (@adam3us) April 12, 2024
Back posits that while the average investor may be experiencing bouts of panic and uncertainty, the eventual understanding of Bitcoin’s value will be bolstered by the hard lessons learned through bear markets. He anticipates that Bitcoin’s price could potentially soar to new heights, with a nod to the long-awaited $100,000 milestone as an “overdue” inevitability.
Bearish Sentiments And PredictionsContrary to Back’s bullish outlook, Jeff Ross, the founder and CEO of Vailshire Capital, presents a more cautious perspective. Ross predicts a looming correction of up to 40% in Bitcoin’s price following the halving event.
He advises investors to temper their expectations, suggesting that the anticipated surge to $100,000 may not materialize as swiftly as some hope. Ross believes that a period of disappointment may be on the horizon for Bitcoin enthusiasts, cautioning against excessive optimism during the upcoming spring and summer months.
The Path Forward: Navigating VolatilityAs conflicting opinions swirl within the crypto community, investors find themselves at a crossroads, grappling with the implications of divergent predictions. While the prospect of Bitcoin reaching new heights excites many, the specter of a significant correction looms large, casting a shadow of doubt over the market’s short-term trajectory.
According to data from Coingecko, as of the time of writing, Bitcoin was trading at $64,223, down 3.8% and 7.5% during the 24-hour and weeklong timeframes, respectively.
Featured image from Pexels, chart from TradingView