Bitcoin Transaction Backlog Shrinks, but Over 289000 Still Await Confirmation-Bitcoin News - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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Ethereum Foundation Sells 1700 ETH to USDC The #Ethereum Foundation (EF) sold 1700 ETH to #USDC on October 9, 2023. This move has sparked speculation in the crypto market, with some blaming Vitalik Buterin, the co-founder of Ethereum, while others blame the EF itself. Quant price prediction highlights the fall of QNT crypto through a descending parallel channel over the daily time frame chart. QNT has been falling since April 2023 and has been looking for a desirable support to recover from the declining pattern. Buyers need to accumulate at a higher rate in order to push QNT upwards to register its breakout. However, volume change was below average and needs to grow intraday. Bitcoin Transaction Backlog Shrinks, but Over 289000 Still Await Confirmation-Bitcoin NewsSource: TradingViewThe Solana price has dropped to $22.81 today, representing a 2.5% fall in the past 24 hours as the wider market slips by 0.5% in the same amount of time.SOL's fall comes as its underlying blockchain introduces a new update that enables confidential transactions between users, enhancing the privacy the network provides.And while SOL is down by 6% in the past week, it remains up by 17% in the last 30 days and by 129% since the beginning of the year, making it one of the best-performing cryptocurrency over this period.Such performance is likely to continue as 2023 draws to a close, with the overselling of SOL in the past week likely to result in a rebound soon enough.Solana Price Prediction as New Blockchain Update Provides Native Support for Private Transactions – Time to Buy?SOL's indicators continue to look good even with today's slip, implying that the losses of the past 24 hours may not be extended much further.Source: TradingViewImportantly, SOL's 30-day exponential moving average (yellow) has just risen above its 200-day average (blue), suggesting that a breakout may be about to occur.And while the altcoin's relative strength index (purple) has dropped from 75 at the start of the month to about 60 now, it still remains comfortably above 50, in a sign that the momentum is still with the buyers.This is also suggested by the fact that SOL's support level (green) has risen substantially since the beginning of the September, providing another sign that the altcoin has been consolidating around ever-higher bases.SOL's rises have been helped this year by Solana's development as a blockchain network, with its most notable achievement being its ability to run with 100% uptime for over seven months now.Its most recent piece of developmental news involves the aforementioned privacy update, something which Solana supporters would suggest makes SOL as useful as any other major privacy-enabling cryptocurrency.Coming on top of Solana's utility as a base layer for NFTs and other applications, such privacy features should help its network attract more users and more apps, which in turn should help boost SOL's price in the long run.What's encouraging about SOL's recent growth is that, despite the token's price gains, Solana's total value locked in still remains at a relatively low level.Yes, it is the fifth-biggest layer-one network in terms of total value locked in, but at only $315 million, its current TVL is only 3.15% of what it used to be in November 2021, at the peak of the last bull cycle.As such, Solana has plenty of recovering left to do, something which could see SOL eventually reach such levels as $100, $200 or higher.Diversification With Newer AltsWhile SOL looks as though it has bigger gains on the horizon, it isn't the only high-potential altcoin in the market right now, with traders also advised to diversify into newer, smaller cap alts that could rally big when they list on exchanges.One good example of this is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that launched its presale only a few weeks ago and has already raised $800,000.This figure suggests that the market is quickly voting with its proverbial feet for the new platform, which will enable users to mine Bitcoin by staking its native BTCMTX token.This system works by converting staked BTCMTX into tokenized mining credits, which are then used to purchase hashpower on the Bitcoin blockchain.Holders who stake enough BTCMTX will therefore receive actual BTC as a reward for their contributions, while they will also receive BTCMTX itself as direct staking rewards.This could make the token very profitable for holders, which perhaps explains why its presale has raised more than many other sales happening at the moment.Investors can begin participating in the sale by going to the official Bitcoin Minetrix website, where they can connect their crypto wallets and buy BTCMTX at a price of $0.011.This will eventually rise to $0.01190 by the time of the sale's tenth and final stage, which will end with the token listing on trading platforms, where it could make early investors a considerable profit.Visit Bitcoin Minetrix NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Dogecoin Price Prediction as Hopes for $1 Linger – Is a Bull Market on the Horizon for DOGE? Double spending might occur, for instance, if someone had one Bitcoin (BTC) and attempted to transmit it in two separate transactions to two different receivers. By guaranteeing finality, blockchain technology prevents this from happening. Once a transaction is confirmed and recorded on the blockchain, the digital asset is deemed spent and cannot be used in any further transactions.

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THORSwap, the FTX attacker previously preferred privacy tool, revealed that it was moving into “maintenance mode” because it does not want to facilitate the “movement of illicit funds.” Exchange Netflows subtract the daily token outflows from the new inflows. A positive netflow indicates more assets are flowing into exchanges than those moved into long-term storage and self-custody. 4 Ways to Build the Complete Crypto Mining RigThe analyst and family members locked themselves in rooms in their house for about two hours, until an all-clear signal was given. Supermarkets are mostly out of bread, eggs, milk and produce, apparently due to supply-chain disruptions as well as hoarding. Settlement: Before the lawsuit gets to trial, the SEC and Ripple may strike an agreement. Settlements are prevalent in legal procedures and may involve Ripple agreeing to pay fines or accept specific restrictions in order to avoid admitting guilt.

StaFi’s Vision for the Future Terra Luna Classic Price Prediction as LUNC Approaches Lowest Level in 2 Months – Will LUNC Keep Falling? Buy Ethereum with PayPal|How to buy ETH with PayPalDecentralized exchanges do not allow fiat currencies to be traded for digital assets, making them less suitable for users that aren’t already holding or trading cryptocurrencies. Magazine: China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdropHow Blur's low royalty fee helped decimate Yuga Labs' revenue

The activation, a partnership between Hong Kong-based curated fashion platform Fabrix and digital metacloset DressX is the brainchild of Fabrix founder Shin Wong. Although blockchain is synonymous with cryptocurrencies, the technology possesses the potential for a suite of applications in various industries. A Complete Beginners Guide to Mining Cryptocurrencies, InBitmain S21 Miners Acquisition 13 New Crypto Launches to Invest in 2023

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