Topics

1

Crypto Discussion / Solana Rolls Out Update to Tackle Network Congestion

« on: Today at 02:35:27 PM »

Key Highlights;
- Solana launches mainnet beta update v1.17.31 to address severe network congestion.
- After rigorous testing, the update is now recommended for all mainnet beta validators.

Source: https://mycryptoparadise.com/solana-rolls-out-update-to-tackle-network-congestion/

2

Crypto Discussion / Hong Kong Sets Stage with First Spot Bitcoin ETF Approval

« on: Yesterday at 03:39:03 PM »

Key Highlights;
- Hong Kong approves the first-ever spot Bitcoin and Ethereum ETFs, positioning itself as a leader in the crypto investment sphere.
- Despite these advances, Chinese investors are blocked from participating due to strict local crypto bans.

Source: https://mycryptoparadise.com/hong-kong-sets-stage-with-first-spot-bitcoin-etf-approval/

3

Crypto Discussion / Solana’s Developer Unites to Tackle Network Congestion Issues

« on: April 09, 2024, 01:34:47 PM »

Key Highlights;
- Network faces slowdowns due to spam and joke token overload.
- Developers roll out updates to combat congestion and boost transaction efficiency.

Source: https://mycryptoparadise.com/solanas-developer-unites-to-tackle-network-congestion-issues/

4

Crypto Discussion / Chinese Equity Giants Eye Spot Bitcoin ETF Market Through Hong Kong

« on: April 08, 2024, 07:59:43 PM »

Key Highlights;
- Major Chinese equity funds are stepping into the spot Bitcoin ETF arena via Hong Kong subsidiaries.
- Applications are in, with heavyweights like Harvest Fund Management’s Hong Kong branch at the forefront of seeking SFC approval.

Source: https://mycryptoparadise.com/chinese-equity-giants-eye-spot-bitcoin-etf-market-through-hong-kong/

5

Crypto Discussion / Genesis’s Big Move: $2.2 Billion GBTC Shares Sold for Bitcoin Payback

« on: April 05, 2024, 08:36:49 PM »

Key Highlights;
- Bankrupt crypto lender Genesis offloads $2.2 billion in GBTC shares to scoop up Bitcoin.
- The bold sell-off is aimed at returning Bitcoin to its rightful owners, the creditors.

Source: https://mycryptoparadise.com/genesiss-big-move-2-2-billion-gbtc-shares-sold-for-bitcoin-payback/

6

Crypto Discussion / Ripple’s Big Move: Launching a Dollar-Pegged Stablecoin

« on: April 04, 2024, 08:45:07 PM »

Key Highlights;
- Ripple’s gearing up to drop a USD-pegged stablecoin across Ethereum and XRP Ledger.
- Ripple eyes the booming $150 billion stablecoin market, ready to skyrocket to trillions.

Source: https://mycryptoparadise.com/ripples-big-move-launching-a-dollar-pegged-stablecoin/

7

Crypto Discussion / The Looming Halving Event Casts a Shadow on Bitcoin's Future

« on: April 03, 2024, 08:00:47 PM »

The recent volatility in Bitcoin's price has ignited a wave of analysis regarding its future trajectory, particularly in light of the approaching halving event. Analysts find themselves at odds, with some predicting a potential descent to $53,600 based on historical precedents and the current market's behavior. This analysis rests on whether the recent price surge can be characterized as a parabolic and unsustainable event, or if it will instead adhere to a smoother curve, mirroring past cycles. The halving event, historically known to influence prices, is another crucial factor considered in these predictions. Expectations lean towards a period of consolidation within the $60,000 to $70,000 range in the near future.

8

Crypto Discussion / U.S. Government Shakes Up Crypto Scene with $2 Billion Bitcoin Move

« on: April 02, 2024, 08:36:02 PM »

Key Highlight:
- The U.S. government moves $2 billion worth of Bitcoin to a Coinbase wallet.
- Bitcoin’s price feels the waves, dipping under $65,000 after the move.

Source; https://mycryptoparadise.com/u-s-government-shakes-up-crypto-scene-with-2-billion-bitcoin-move/

9

Crypto Discussion / China Unveils Blockchain Project with Conflux Network Amid Crypto Clampdown

« on: April 01, 2024, 06:39:09 PM »

Key Highlights:
- China teams up with Conflux Network to launch a massive blockchain platform for international cooperation.
- Despite strict bans, crypto trading finds a way to thrive in China.

Source: https://mycryptoparadise.com/china-unveils-blockchain-project-with-conflux-network-amid-crypto-clampdown/

10

Crypto Discussion / Base Network Shatters Records: Over 2 Million Transactions in a Day

« on: March 30, 2024, 04:01:32 PM »

Key Highlights;
- Base Network hits a new milestone with 2.275 million transactions in just one day.
- DEX transaction volume soars to $730 million, signaling sky-high activity

Source: https://mycryptoparadise.com/base-network-shatters-records-over-2-million-transactions-in-a-day/

11

Crypto Discussion / Ancient Ethereum Whale Stirs After Nine Years of Slumber

« on: March 29, 2024, 05:43:01 PM »

Nearly nine years after fading into inactivity, a dormant Ethereum address containing a significant sum has been awakened. This address, pre-dating Ethereum's official launch in 2015, recently initiated transactions, transferring a total of 110 ETH to three separate wallets. The value of this slumbering giant, 1,000 ETH, translates to roughly $3.56 million at current market prices.

The reawakening of such a prominent, long-dormant wallet has ignited curiosity and speculation within the cryptocurrency community. Questions linger regarding the owner's motives and the impetus behind this sudden transfer of funds.

Source: https://u.today/ancient-ethereum-whale-suddenly-awakens-after-9-years-details?utm_medium=FuckOff&utm_source=FuckOff

12

Crypto Discussion / OKX Reveals 17th Proof of Reserve: Notable Shifts in BTC & ETH

« on: March 28, 2024, 05:17:52 PM »

Key Highlights;
- Bitcoin and Ethereum Balloons: OKX users see a big bump in their Bitcoin and Ethereum holdings.
- Proof of Reserve Shines: OKX’s 17th snapshot reveals solid growth and trust.

Source: https://mycryptoparadise.com/okx-reveals-17th-proof-of-reserve-notable-shifts-in-bitcoin-and-ethereum-holdings/

13

Crypto Discussion / AI Power Trio Forms Alliance Against Big Tech

« on: March 27, 2024, 06:09:57 PM »

Key Highlights:
- Fetch.ai, SingularityNET, and Ocean Protocol are joining forces, combining their tokens into one named ASI, aiming to shake up the AI world.
- They’re creating a new AI collective to challenge the big tech dominance with a decentralized approach, promoting transparency and collaboration.

Source: https://mycryptoparadise.com/ai-power-trio-forms-alliance-against-big-tech/

14

Crypto Discussion / Ethereum Climbs 5%, Market Cap Nears $440 Billion

« on: March 26, 2024, 02:11:41 PM »

Ethereum's price has grown by 5%, reaching a value of US$3,667. This increase is accompanied by a market capitalization that now sits at US$440.18 billion. Despite the SEC's lack of recent pronouncements, Grayscale maintains its optimistic outlook on the approval of spot Ethereum ETFs.

Concerns regarding network centralization have diminished as the client base on the Ethereum network has become more diverse. Additionally, technical indicators point towards a bullish trend for Ethereum, with support identified at US$3,205.8 and resistance at US$4,003.4.

Price forecasts for both 2025 and 2030 project significant increases, with some projections reaching as high as US$53,138 by 2030 under ideal market conditions.

15

Crypto Discussion / Curio Ecosystem Suffers $16 Million Token Exploit

« on: March 25, 2024, 06:35:44 PM »

Key Highlights:

- Curio Governance Tokens (CGT) faced unauthorized minting, leading to a significant exploit.
- The Curio team is actively developing a recovery plan and reaffirms the security of multi-chain infrastructures.

Source: https://mycryptoparadise.com/curio-ecosystem-suffers-16-million-token-exploit/