Cann

@cann

1050 Following

938 Followers

Cann pfp

Uniswap Exchange Launches Ethereum Blockchain Layer 2 Network Unichain was developed for DeFi creators and users who value their time and want to save money. It is no coincidence that the second-layer network has advantages over the Ethereum mainnet and allows you to: Reduce transaction costs by about 95%; Transfer digital assets almost instantly; Exchange coins issued in different networks.

1 reply

0 recast

2 reactions

Cann pfp

Bitcoin is influenced by three factors at once Bitcoin is influenced by the policies of the Chinese government, which decided to “flood” economic problems with money and allocated more than $142 billion, geopolitical tensions in the Middle East and the situation on the labor market in the United States.

0 reply

0 recast

0 reaction

Cann pfp

Sygnum Claims Solana's Superiority Over Ethereum in Tokenization and Stablecoin Issuance The bank cited statements from traditional financial companies indicating that Solana could become a preferred option in the tokenization space, which experts believe could pose a “serious challenge” to Ethereum in the long term.

1 reply

0 recast

0 reaction

Cann pfp

Santiment Doesn't Believe Bitcoin Will Continue to Rise On the one hand, experts note the increase in the fear and greed indicator, which recently reached 63 and thus ended up in the greed zone. As long as the index exceeds 60, there is a high probability of a correction in the Bitcoin market, because it is in an overbought state. On the other hand, experts have recorded bullish sentiments dominating among cryptocurrency traders. According to their data, for every negative message there are 1.8 positive ones. And historical data suggests that the BTC price usually changes in the opposite direction from the expectations of the crypto community members. That is, the bullish rally will begin when investors are despondent, and not predicting a bright future for Bitcoin.

7 replies

0 recast

0 reaction

Cann pfp

In the US, companies have begun issuing loans secured by cryptocurrencies US institutions use the Ledn platform to approve loans secured by Bitcoin and Ethereum (ETH). The loans are issued at a maximum annual interest rate of 13.4%. This is quite low, because for loans taken out in the US using credit cards, the rate reaches 28.4%. In the first half of 2024, Ledn clients received loans secured by digital assets worth $1.2 billion. The vast majority of loans were issued by financial institutions, earning up to 10% per annum on this.

6 replies

0 recast

0 reaction

Cann pfp

Ethereum Network Fees Have Increased 368% Since the Beginning of the Month Thus, since the beginning of the month, the volume of coins destroyed daily during transactions has increased by 1295%: from 80.27 to 1120 ETH. The local peak of 1660 coins was reached on September 20. ETH has attracted increased attention after its market cap against Bitcoin fell to its lowest since 2021 last week. In addition, the seven-day MA of ETH stakers' daily profit also fell to its lowest since February this year, to $5.8 million. At the time of writing, ETH is trading at $2,642, up 2% in a day. The weekly gain was 14.5%, and the asset has risen by 16% since the beginning of the year.

4 replies

0 recast

1 reaction

Cann pfp

Regulated Cryptocurrency Custodian BitGo to Launch USDS Stablecoin US-based cryptocurrency custodian BitGo has unveiled its own dollar-pegged stablecoin, USDS, which will be used to reward liquidity providers. The asset is scheduled to launch in January 2025. USDS is backed by assets such as short-term US Treasury bills, overnight repo agreements, and cash.

6 replies

0 recast

0 reaction

Cann pfp

Coinbase's Wrapped Bitcoin Will Be a Disaster for the Market Justin Sun: cbBTC has no proof of reserves, no audits, and if something happens to this product, users will not be able to get their money back. Any court order from the US government will result in all your bitcoins being confiscated. This clearly shows how centralization can undermine the foundations of bitcoin. A dark day for the first cryptocurrency

8 replies

0 recast

0 reaction

Cann pfp

Bitcoin ETF Outflows Exceed Two-Day Inflows on September 12 The largest outflows came from ARKB from Ark Invest and 21Shares — over $12.67 million. The net outflow from Grayscale's GBTC was $4.59 million, while the Bitcoin Mini Trust saw around $511,230. Spot ETH ETFs are also posting losses. Around $542,870 was withdrawn from Ethereum-based funds on the day. The net outflow from VanEck's ETHV was nearly $1.71 million.

6 replies

0 recast

0 reaction

Cann pfp

Cryptocurrency Exchange Coinbase's Market Share Plummets to 41% The exchange has held more than half of the U.S. market since early 2024, peaking at 55% in March. However, Coinbase's share has since fallen to 41% as of early September, down from 53% in June. Despite Coinbase's drop in share, the top three U.S. crypto exchanges still control nearly 90% of the market, up from just 66% in April 2021.

4 replies

0 recast

0 reaction

Cann pfp

New Hacking Software Steals Private Keys from Smartphone Screenshots A McAfee Labs specialist explained that the malware is distributed via malicious links that come in text messages to owners of smartphones running the Android operating system. The potential victim follows the link to a phishing site, where they are asked to download SpyAgent, which disguises itself as banking applications or streaming services. After installing the malware, users are asked to grant the application access to contacts, messages, and local storage, from where confidential data is subsequently stolen.

6 replies

0 recast

0 reaction

Cann pfp

Spot Bitcoin ETFs See Biggest Outflow in 4 Months On Tuesday, September 3, $287.78 million was withdrawn from US spot bitcoin funds, marking the largest net outflow since May 1, 2024. U.S. spot Ethereum ETFs are also losing capital. More than $47.4 million was pulled out of Ethereum-based funds on Tuesday, the largest outflow since August 2.

6 replies

0 recast

0 reaction

Cann pfp

They Can Bring 10x Profits By Year's End: Which Coins Are Traders Buying? The top spot on the list is taken by the Pepe Unchained ($PEPU) memecoin. Second place on the list is occupied by Compound Finance ($COMP). Ещё один токен, способный пополнить список «Лучшие криптовалюты 2024», – Flow ($FLOW)

0 reply

0 recast

0 reaction

Cann pfp

A mining farm hidden underground was found in the Leningrad region The equipment was hidden in a separate room of the ski tunnel, and, according to investigators, the farm was most likely created 5 years ago, when repairs were carried out. The training complex itself operates on its own thermal power plant, powered by gas

6 replies

0 recast

0 reaction

Cann pfp

Nasdaq Stock Exchange Set to Launch Bitcoin Index Options Trading “Bitcoin index options are essential to normalizing the asset class. Otherwise, we are missing out on a critical piece of the liquidity picture that Bitcoin ETF futures and options could provide,” explained Matt Hougan, chief investment officer at Bitwise.

6 replies

0 recast

0 reaction

Cann pfp

Ethereum Foundation proposed to be dissolved due to coin sale On August 23, it became known that employees of the Ethereum Foundation, a non-profit institution designed to develop the Ethereum (ETH) blockchain and related technologies, transferred 35,000 ETH worth $94 million at the rate at the time of the transaction to the Kraken crypto exchange. Because of this, some traders were afraid of a dump and rushed to get rid of their coins, but the collapse of the digital asset rate did not occur.

4 replies

0 recast

0 reaction

Cann pfp

Bitcoin transaction fees increased by 937.7% in just one day Low fees make Bitcoin transactions more accessible to more users, but they come at a cost to the income of miners who are paid to confirm transactions. On Thursday, August 22, the average Bitcoin transaction fee increased by 937.7% from $0.74 to $7,679, primarily due to an increase in the number of transactions.

4 replies

0 recast

0 reaction

Cann pfp

CryptoQuant Reports Steady Decline in BTC Demand Since April. Bitcoin demand has been in a downward trend since April and has turned negative this month. In addition, the growth of total assets of large Bitcoin investors has also slowed down: from +6% in March (monthly) to +1% currently. Despite the correction, the current return of BTC is 40% since the beginning of the year.

0 reply

0 recast

0 reaction

Cann pfp

Bitcoin mining difficulty decreased by 4.19% As a result of another recalculation, the mining difficulty of the first cryptocurrency decreased by 4.19% - to 86.87 T. The average hashrate for the period since the previous change in value was 740.3 EH/s, the interval between blocks is eight minutes and 24 seconds.

7 replies

0 recast

0 reaction

Cann pfp

EigenLayer Restacking Protocol Locked Value Up 11% in Week. The largest share of EigenLayer TVL (70%) is made up of wrapped native Ethereum tokens (WETH), valued at $8.8 billion. Overall, the combined TVL of the largest restacking protocols has grown by 9% since August 8, reaching $14.5 billion.

4 replies

0 recast

0 reaction