Cryptostreet

  Bitcoin ( BTC ) could be at the beginning of a new upward trend again, because the selling pressure on the market-leading cryptocurrency is easing noticeably. At least one expert comes to this conclusion considering the BTC that as of July 2022 have not been moved for a year or more. Is the downtrend finally over? Accordingly, crypto analyst Miles Johal writes on July 29 that Bitcoin’s HODL chart shows a “rounded ceiling” (see below), which is currently being completed. Once this process is complete, bitcoin price should bounce back as it has historically. The key figure from which this hope is fed are the so-called HODL waves, which look at the amount of Bitcoin in circulation based on when the individual currency units were last moved. The 1-year HODL wave — those BTC that were last sold a year or more ago — is making up the vast majority right now . In the accompanying chart, Johal depicts that the larger the proportion of circulating volume that hasn't been moved for at least...

  After Cardano failed to launch the long-awaited Vasil hard fork last month, the upgrade has now been postponed again to ensure the smoothest possible transition. Input Output Global (IOG), the lead company behind the development of Cardano, accordingly confirmed in a video announcement on Thursday that Vasil is being pushed back again. Kevin Hammond, IOG's Technical Director, explains that the hard fork will be suspended one last time to ensure that everyone involved, including crypto exchanges and API developers, are ready for the transition. To that end he states: "At the current stage of development, it's perfectly fine if we wait a few more weeks for the Vasil hard fork. [...] This is very important, so we need to make sure everyone involved is ready to make the transition go smoothly.” Meanwhile, as Hammond states, IOG has been working to iron out the final issues of the upgrade and released Node version 1.35.2 a few days ago . This version cleans up bugs that occur...

 How strong will the monthly close be? As data  shows, BTC/USD promptly erased all of the weekend's gains so far as the price plummeted from $24,670 to $23,555 in a very short period of time. The resulting “Bart Simpson” is now a familiar pattern on Bitcoin’s hourly chart for traders. After all, only $150 million was liquidated in the last 24 hours, which is comparatively small and less than the previous days, according to data from crypto market researchers Coinglass . Crypto analyst Rekt Capital is nonetheless confident that the upcoming weekly close will solidify a key trendline for Bitcoin price as new support after repeatedly failing to do so in previous weeks. However, not all observers share this reading, so there are now serious doubts about the current situation. Material Indicators analyst Material Scientist warns that funding rates in derivatives trading are becoming increasingly positive, which could indicate that sentiment among traders is almost too optimistic. “...

  Ethereum is changing the consensus process from Proof of Work (PoW) to Proof of Stake (PoS). The merger of the blockchain with the PoS-based beacon chain is called a merge and is expected to take place in September. From then on, the network secured itself with ether deposits – the stake – instead of computing power. This ends the electricity-intensive mining at Ethereum. The blockchain saves an estimated 99.95 percent of its previous requirements. This will be followed by upgrades designed to scale the network. The focus here is on Layer 2 solutions that increase throughput and reduce costs. There we clarify the most important questions about the consensus change in conversation with Ethereum developer Ben Edgington. My Top Picks Honeygain - Passive earner that pays in BTC or PayPal M andalaExchange - The Best no KYC crypto Exchange! BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends! Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI Womplay - ...

  Today we want to start a mind game with you. What if Bitcoin was the world currency? There is no euro, no dollar, no yen. All goods and services are settled in Bitcoin. The world financial system is based on Bitcoin. Trading is done with Bitcoin. What would a world with Bitcoin as the world currency look like? And what would the impact be? The market capitalization According to the Tagesschau, the gross monetary wealth of the entire world population is 200 trillion euros. This includes bank deposits, cash, securities, pension funds, etc. Real estate and tangible assets are not included. After deducting all debts, the net financial assets are still 150 trillion euros. It remains unclear how large the share of securities in the 150 trillion is. If you now calculate these out, the assets in Bitcoin remain. Thus, the market capitalization of the Bitcoin would probably be over 100 trillion euros. trade and business If the bitcoin were the world currency, all trading transactions would...