ASIC Miner Value: Realtime mining hardware profitability - cyptoranking.com

2024-05-07

Popular crypto exchanges(2023 Update) 2024-05-07
Image: cyptoranking.com

One of the largest projects so far to come out of the disaster is Crypto Aid Israel, a campaign led by many Israeli crypto firms which accepts crypto donations to help citizens who have been affected or displaced by the ongoing war. The Decline’s Underlying Factors ASIC Miner Value: Realtime mining hardware profitabilityDespite Bitcoin's price remaining relatively stagnant, these miners have demonstrated resilience. They witnessed a rise in their share prices on October 4 as well. While Bitcoin is typically used as a peer-to-peer payment system or for storing value, Schroé said its potential won’t be fulfilled unless the cryptocurrency can connect to the broader financial system, such as with security and commodity markets.Connecting Bitcoin to Ethereum-based real-world assets, stablecoins, decentralized finance and nonfungible tokens via the EVM is the first step in that direction, Schroé argued. “That’s a huge amount of value and development waiting to happen.”Schroé’s Botanix Labs aims to connect the Bitcoin and Ethereum ecosystems through its “Spiderchain” — a proof-of-stake layer 2 that implements EVM to EVM bridges to enable Bitcoin to interact with the EVM.Bitcoin and Ethereum may seem like opposites, but they can co-exist and complement each other.However, this does present some challenges.Multi-chain ecosystems with cross-chain bridges can have security and centralization risks, hindering the potential of collaboration.— Botanix Labs (@BotanixLabs) October 2, 2023

Exchange Rankings Crypto
Image: cyptoranking.com

Blocknative discontinued its MEV-boost relayer service on Ethereum last week. While other relayers do remain, a large majority of Ethereum transactions are now handled by just four entities. According to Kaiko experts, ETH's underperformance is most likely due to the ongoing impact of the bear market, which has historically seen investors turn to BTC, the oldest and largest crypto asset. ETH spot trading volume has remained mostly stable over the past two months, rising above $2 billion only a handful of times. How To Buy Bitcoin (BTC) VideoETH/BTC fell to 0.05675 late Monday, reaching the lowest since July 2022, according to charting platform TradingView. The ratio has declined by nearly 30% since Ethereum implemented Merge in mid-September last year. Furthermore, the most recent block interval was 8 minutes and 2 seconds, and projections estimate a difficulty rise between 3.71% and 5.8% by October 16, 2023. Miners are currently grappling with reduced earnings per petahash, with current rates slightly above $61 per petahash daily.

“Defendants operate a cryptocurrency platform called “Trader Joe” and use the domain name traderjoexyz.com,” the filing read. “Defendants named the platform “after the supermarket”—none other than Trader Joe’s—and developed a narrative around a fictionalized “Trader Joe” who sells his crops in the local marketplace, further evoking Trader Joe’s business and brand.” The protocol will have the capability for users to borrow up to 95% of their ETH’s value, the team claimed, with a focus on risk mitigation. For enhanced security measures, Fluid’s loans will adapt in real-time, limiting unexpected significant transactions and reducing potential risks. Order Book vs AMM-Which Decentralized Exchange is better?“Literally, it should be against the law for people from 20 to 65 to own bonds,” he says. “If you’re 20 years old and you can’t touch the money for 50 years…you should be in the highest volatility asset.” Proof of authority is a modified version of PoS where the identities of validators in the network are at stake.

Source: AdobeInvesco and Galaxy Digital aim to introduce a spot Ethereum (ETH) exchange-traded fund (ETF) as more and more asset managers continue to explore digital asset products.In a Friday post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart revealed that the two asset managers have filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Per the firm’s S-1 registration statement, the Invesco Galaxy Ethereum ETF will “reflect the performance of the spot price of ether” by holding units of the cryptocurrency with a separate custodian, who is yet to be identified. The filing detailed that Invesco is the sponsor, while Galaxy Digital is the “execution agent,” which will sell ETH to pay the Trust’s expenses.Invesco and Galaxy join a growing list of investment managers seeking regulatory approval for a spot ETH ETF.The SEC recently extended the deadline for decisions on previous applications from ARK 21Shares and VanEck until December 25-26.The commission said that it required more time to consider the proposed rule change and the related issues.Future Ether ETFs Could Come Next WeekWhile a spot Ether ETF may take some time to materialize, futures-based Ether ETFs are expected to become available as early as next week. Investment firms have already begun preparing to add ETH futures vehicles to their portfolios. VanEck, for example, has announced its upcoming Ethereum Strategy ETF (tickered EFUT), which will be listed on the Chicago Board Options Exchange in the coming days.Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Like spot bitcoin ETF, the SEC has yet to approve applications, citing concern over market manipulation and investors' vulnerability.However, it appears that future ETH ETFs have a higher likelihood of receiving approval from the SEC.Futures ETFs would directly invest in futures contracts traded on the Chicago Mercantile Exchange (CME) rather than in the underlying smart contract asset. The regulatory body views futures ETFs as a commodity that can be monitored by the CME, giving investors protection against price manipulation. In fact, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate.At the time of writing, Ether is trading positively at around $1,600, driven by the enthusiasm surrounding the introduction of futures ETFs. VanEck Prepares to Launch Ethereum Strategy ETF in CBOE Conversely, Manchester City and crypto exchange OKX introduced a metaverse initiative. The initiative allows fans to further engage with the club and win exclusive prizes. Only about 30% of millennials are comfortable investing ...zkFlex Finance was said to promote DeFi innovation with liquidity rewards, lending and ecosystem support as a P2P order book exchange that focused on security and scalability. Blockchain Security Auditor Hacken has partnered with layer-1 innovative contract platform Radix.

Have an opinion on this story? Share it!