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A look at the history of major Bitcoin forks.
Cardano’s blockchain has reached a pivotal moment with Chang’s hard fork, a transformative upgrade that marks the beginning of the era of decentralized governance known as Voltaire. Cardano’s Chang upgrade is a major step toward empowering the holders of the ADA token to directly intervene in the future of the blockchain, through a new governance […]
As the market rebound slows, Bitcoin SV captured some momentum and gaining some ground against the bears today, August 8. The coin has been up more than 10% since last month, a huge advantage in the markets hostile environment. Related Reading: Aave Protocol Unfazed By Market Jitters, Surges 21% Bitcoin SV is a hard fork of Bitcoin Cash which is also a fork of Bitcoin itself. BSV, however, has traits unique to itself, unlike its close cousins that make it more attractive to businesses. Solving Real World Problems With On-Chain Solutions President of the Blockchain Association Uganda Reginald Tumusiime discussed his organizations project, the KitePesa, a stablecoin backed by the Ugandan shilling. According to him, most of the countries in Subsaharan Africa have been exploring central bank digital currency (CBDC) projects as a form of currency. This institutional interest in blockchain tech and stablecoins are the factors that KitePesa will leverage for further development. The project has its merits. The Ugandan people have been switching to digital banking which offers the same features as traditional banks but with convenience as mobile phones become more and more prevalent. In 2023, customers of mobile money providers reached 42.9 million with the figure expected to rise in the coming decades. KitePesa will leverage institutional interest to build a reliable blockchain infrastructure that operates and functions much better than traditional mobile money networks. With Ugandas robust regulatory framework regarding payments and the technologies involved, KitePesa has regulatory backing to operate in a legal environment. The project will be launched on the BSV Blockchain, integrating the somewhat local project into the international market which may invest as they see potential in KitePesa. Continuation Rally Might Happen At These Levels BSV could be faced with a breakthrough and is attempting to settle between $40.29 and $45.30. If the bulls are successful in taking this position, we might see further upward movement in the coming days or weeks. However, the market still has its doubts with the total market cap of the crypto market seeing a measly 0.2% gain in the past 24 hours as Bitcoin and Ethereum recover at a snails pace. In private equity, indices, futures, and commodities are experiencing hiccups as the market expects more volatility ahead and after the release of several macro indicators. Related Reading: Polkadot Developments Show Strength, Despite Coins 18% Loss This will hamper BSVs short term to long-term gain as the coin moves with the broader market. The current movement is part of the outlying group of cryptocurrencies that outpaced the whole crypto market. If BSV can stabilize at the $40.29-$45.30 price range, we might see a continuation rally in the long term. But this move is still highly dependent on the broader markets movement that is currently grinding to a halt. Investors and traders should still treat BSV with caution as it can be susceptible to any market swing both upward and downward. Featured image from Pexels, chart from TradingView
Binance announces support for the upcoming Cardano (ADA) network upgrade and hard fork, temporarily suspending deposits and withdrawals. (Read More)
The Bohr hard fork, scheduled for mainnet on September 26, brings significant upgrades to BNB Smart Chain, including BEP 341 for consecutive block production. (Read More)
Binance will suspend Flow (FLOW) deposits and withdrawals on September 4 to support the network's upgrade and hard fork. (Read More)
THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardanos Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 [...]
The post Cardano Kicked Out Of Top 10 Crypto By Market Cap, Whats Going On? appeared first on Crypto Breaking News.
The Cardano node GitHub page was updated with the new version, Node 9.0, which can be used to implement the upcoming hard fork.
Conflux (CFX) Network announces v2.4.0 hardfork upgrade. Nodes must be updated before Epoch 101900000, estimated between August 5-6, 2024. (Read More)
The Ethereum ecosystem is experiencing a historic drop in gas fees, which is impacting both mainnet and Layer 2 transactions. According to Etherscan Gas Tracker, the average gas fee on the mainnet stands at 4 Gwei at press time, approximately $0.21. However, transactions can be processed for as low as 3 Gwei, or around $0.14. […]
The post Ethereum supply turns inflationary as gas fees drop to record lows appeared first on CryptoSlate.
Cardano has been under pressure and selling off in the past four months. From the ADAUSDT daily chart, it is evident that bears have been in control. After peaking in March, prices plunged by as much as 60% before finding support in mid-July. Since then, ADA has recovered slightly, but bears have not relentred, especially this week. So far, ADA is still 50% after the spike in March. This set of conditions could explain traders’ bearish stance on multiple perpetual trading platforms like Binance and OKX. The slip in ADA prices and the alignment of the trend to be bearish from March explain why the funding rate is negative and continues to increase. Time To Buy ADA Despite Extremely High Negative Funding Rates? Even so, not everyone is extremely bearish. Santiment analysts note that despite this state of affairs, ADA prices could, if anything, recover unexpectedly. They explained that the recent spike in negative funding rates, pointing to heightened selling activity, could offer a contrarian opportunity for aggressive traders. Related Reading: End Of The Road? Shiba Inus Shibarium Sees Massive 80.3% Crash In Active Accounts Historically, Santiment analysts explained that prices tend to recover sharply in the sessions ahead whenever an asset is extremely sold, as is the case with ADA. Rapidly expanding prices tend to trigger a short squeeze, forcing sellers to buy at a higher price and fanning the uptrend. Nonetheless, this is not always the case, and this contrarian strategy should be taken cautiously. When a given asset is perceived as “extremely oversold,” prices can often dip even as analysts expect a recovery. This may mean traders are unconvinced that the asset has what it takes to recover in the wave of intense selling pressure. In this case, traders have to stay safe and align with the primary trendbearish. Cardano Whales Staying Away Ahead Of The Chang Hard Fork So far, parallel data from IntoTheBlock points to waning investor confidence. According to data, there has been a drop in whale inflow, a dent to the expected optimism. Still, this can be attributed to portfolio rebalancing that might impact inflows, among other factors. It remains to be seen how ADA will perform in the coming days. The Cardano development team is preparing for the Chang hard fork, which is set to conclude by the end of July. Related Reading: Could Bitcoin Soar To $100,000 With Trump Back In The White House? This upgrade will decentralize the smart contracts platform by introducing elected delegate representatives tasked with shaping the Cardano constitution. The successful implementation of Chang will usher in the final development phase of Cardano, Voltaire. In turn, this effectively decentralized the network, similar to Ethereum. Feature image from iStock, chart from TradingView
The first phase of the Chang era is the beginning of the networks transition to decentralized governance.
Binance announces support for Conflux (CFX) network upgrade and hard fork, suspending deposits and withdrawals on August 13, 2024. (Read More)
Binance announces support for IoTeX (IOTX) network upgrade and hard fork, affecting deposits and withdrawals but not trading. (Read More)
Cardano has not been left behind in the ongoing revival as with Bitcoin and other top altcoins. From the daily chart, ADA, the native currency, is up roughly 4% in the last day and 17% in the previous week, according to CoinMarketCap data. Analyst: Bulls To Lift ADA By 2X Even as ADA reverses recent [...]
The post Cardano Analyst: ADA To 2X After Breakout, Chang Hard Fork As Tailwinds? appeared first on Crypto Breaking News.
The highly-anticipated Haber hard fork went live on the BNB chain, slated to bring a massive 90% reduction in gas fees. Inspired by Ethereum’s EIP 4844, the major update introduces BEP 336, which optimizes data storage and processing on the blockchain, significantly slashing transaction costs and enhancing network performance. BEP 336’s “Blob-Carrying Transactions” [BlobTx] streamline […]
BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.
BNB Chain reveals the Veld hardfork, scheduled for June 25 on Testnet and July 8 on Mainnet, introducing significant updates and optimizations. (Read More)
Binance announces support for Sei (SEI) and Harmony (ONE) network upgrades and hard forks, ensuring uninterrupted trading for users. (Read More)
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