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Ethereum, Dogecoin, VeChain Price Analysis: Jan 17
Cardano price rises 9% as Bitcoin and major altcoins go down this January 17 ? DiarioBitcoin
The world after the Bitcoin ban ? bitcoin.fr
Charles Hoskinson: Cardano Could Overtake Solana in 2022 ? BeInCrypto
Avalanche, Terra, and Chainlink Price Analysis: Jan 16
Cardano (ADA) Scalability Plans Enter Basho Phase ? BeInCrypto
Cardano DEX Announces Mainnet Launch Date and ADA Increases 10% ? BeInCrypto
Cardano: the altcoin that faces a very promising future
94 was traumatic and marked a change of course for Mexico: Monero Patricio
Tether Freezes Three Other Addresses Holding Over $150 Million in USDT ? DiarioBitcoin

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                    [title] => Ethereum, Dogecoin, VeChain Price Analysis: Jan 17
                    [link] => https://genesisblocknews.com/dogecoin/ethereum-dogecoin-vechain-price-analysis-jan-17/
                    [dc] => Array
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                            [creator] => Lance Kind
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                    [pubdate] => Mon, 17 Jan 2022 16:52:54 +0000
                    [category] => DogecoinanalysisEthereumJanpriceVeChain
                    [guid] => https://genesisblocknews.com/?p=3673
                    [description] => While the ‘extreme fearThe sentiment refuses to change, Dogecoin retraced almost half of its previous rally and broke its uptrend line support in the short term. Ethereum and VeChain showed a phase of low volatility as they moved sideways after their modeled breakouts. Their short-term technicians preferred the bears. Ether (ETH) Source: TradingView, ETH/USD The ... Read more
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While the ‘extreme fearThe sentiment refuses to change, Dogecoin retraced almost half of its previous rally and broke its uptrend line support in the short term.

Ethereum and VeChain showed a phase of low volatility as they moved sideways after their modeled breakouts. Their short-term technicians preferred the bears.

Ether (ETH)

Source: TradingView, ETH/USD

The bearish rally appeared to subside after ETH rebounded from its long-term 61.8% Fibonacci level. After hitting its 15-week low on Jan. 10, the alt king surged more than 10% last week.

This growth helped it break out of the descending channel (white), but it saw a pullback from its immediate supply zone (rectangle, yellow). It also becomes crucial to take note of the lowest peaks in the volume oscillator, indicating weakness in their weekly earnings.

Also, it started showing bearish signs after the most recent red candle engulfed the previous green candle. The $3,239.8 zone is vital for buyers to step in to prevent further decline.

At press time, the alt was trading at $3,250. After a bullish divergence with the price, the RSI could not stand above the midline. It tested the 43 level support and showed a sell bias. However the ADX showed a weak directional trend for ETH.

Dogecoin (DOGE)

The sell-off on Jan 5 propelled DOGE to lose its support at $0.1675 after the bears retested it several times in a sideways (white) channel. After which, the alt saw a 19.6% breakdown and hit its five-week low on January 10. Since then, DOGE has seen a strong recovery after posting an ROI of over 55% as of January 14.

However, the bears secured the resistance at $0.1919 as the price pulled back over 20% in the last three days. Now, the immediate test point for the bulls is at the $0.1739 mark.

At press time, DOGE was trading at $0.1704. Talking about RSI, the 33-point drop in the last three days took it below the mid-line while showing a bearish bias. He too CMF was below the zero line, which suggests a decrease in money inflows. However the OBV managed to maintain its high level.

VeChain (VET)

VETUSDT 2022 01 17 12 48 29

Source: TradingView, VET/USDT

VET rallied to reclaim support at $0.076 after an impressive 19.5% gain (from Jan 10 low) to a reversal of resistance at $0.08.

This gain helped VET close above its EMA tapes. But the bears quickly responded and pushed it towards the $0.0763 support. Now him OBV it was unable to match its previous levels at the same price point. This reading indicated a weak upside move.

At press time, the alt was trading at $0.07676. The RSI exhibited a bearish slope as it moved sideways below the midline. However the CMF it showed improved money volumes when it crossed the zero line after a short-term uptrend.

This is an automatic translation of our English version.

We would love to thank the author of this article for this remarkable content

Ethereum, Dogecoin, VeChain Price Analysis: Jan 17

) [summary] => While the ‘extreme fearThe sentiment refuses to change, Dogecoin retraced almost half of its previous rally and broke its uptrend line support in the short term. Ethereum and VeChain showed a phase of low volatility as they moved sideways after their modeled breakouts. Their short-term technicians preferred the bears. Ether (ETH) Source: TradingView, ETH/USD The ... Read more [atom_content] =>

While the ‘extreme fearThe sentiment refuses to change, Dogecoin retraced almost half of its previous rally and broke its uptrend line support in the short term.

Ethereum and VeChain showed a phase of low volatility as they moved sideways after their modeled breakouts. Their short-term technicians preferred the bears.

Ether (ETH)

Source: TradingView, ETH/USD

The bearish rally appeared to subside after ETH rebounded from its long-term 61.8% Fibonacci level. After hitting its 15-week low on Jan. 10, the alt king surged more than 10% last week.

This growth helped it break out of the descending channel (white), but it saw a pullback from its immediate supply zone (rectangle, yellow). It also becomes crucial to take note of the lowest peaks in the volume oscillator, indicating weakness in their weekly earnings.

Also, it started showing bearish signs after the most recent red candle engulfed the previous green candle. The $3,239.8 zone is vital for buyers to step in to prevent further decline.

At press time, the alt was trading at $3,250. After a bullish divergence with the price, the RSI could not stand above the midline. It tested the 43 level support and showed a sell bias. However the ADX showed a weak directional trend for ETH.

Dogecoin (DOGE)

The sell-off on Jan 5 propelled DOGE to lose its support at $0.1675 after the bears retested it several times in a sideways (white) channel. After which, the alt saw a 19.6% breakdown and hit its five-week low on January 10. Since then, DOGE has seen a strong recovery after posting an ROI of over 55% as of January 14.

However, the bears secured the resistance at $0.1919 as the price pulled back over 20% in the last three days. Now, the immediate test point for the bulls is at the $0.1739 mark.

At press time, DOGE was trading at $0.1704. Talking about RSI, the 33-point drop in the last three days took it below the mid-line while showing a bearish bias. He too CMF was below the zero line, which suggests a decrease in money inflows. However the OBV managed to maintain its high level.

VeChain (VET)

VETUSDT 2022 01 17 12 48 29

Source: TradingView, VET/USDT

VET rallied to reclaim support at $0.076 after an impressive 19.5% gain (from Jan 10 low) to a reversal of resistance at $0.08.

This gain helped VET close above its EMA tapes. But the bears quickly responded and pushed it towards the $0.0763 support. Now him OBV it was unable to match its previous levels at the same price point. This reading indicated a weak upside move.

At press time, the alt was trading at $0.07676. The RSI exhibited a bearish slope as it moved sideways below the midline. However the CMF it showed improved money volumes when it crossed the zero line after a short-term uptrend.

This is an automatic translation of our English version.

We would love to thank the author of this article for this remarkable content

Ethereum, Dogecoin, VeChain Price Analysis: Jan 17

[date_timestamp] => 1642438374 ) [1] => Array ( [title] => Cardano price rises 9% as Bitcoin and major altcoins go down this January 17 ? DiarioBitcoin [link] => https://genesisblocknews.com/cardano/cardano-price-rises-9-as-bitcoin-and-major-altcoins-go-down-this-january-17-diariobitcoin/ [dc] => Array ( [creator] => Jet Tyler ) [pubdate] => Mon, 17 Jan 2022 13:38:26 +0000 [category] => CardanoaltcoinsBitcoinDiarioBitcoinJanuarymajorpricerises [guid] => https://genesisblocknews.com/?p=3668 [description] => For Angel Di Matteo @shadowargel Although Bitcoin and the main altcoins are going down for the morning of this January 17, the surprise of the day comes from the hand of Cardano, which defies the market trend and is on the rise in a remarkable way. *** Bitcoin down again this January 17 A new ... Read more [content] => Array ( [encoded] =>
For Angel Di Matteo @shadowargel

Although Bitcoin and the main altcoins are going down for the morning of this January 17, the surprise of the day comes from the hand of Cardano, which defies the market trend and is on the rise in a remarkable way.

***

Bitcoin down again this January 17

A new week begins and we open our usual price report reviewing the evolution in the price of Bitcoin (BTC), digital currency that for the morning of this January 17 registers a price of USD $42,747 per unit, maintaining values ??very similar to those seen yesterday at this same time.

This is revealed by data published in our section CryptoMarkets, where it can be seen how in the last 24 hours the price of Bitcoin has partially decreased until reaching the aforementioned values. It is worth noting that the lowest point of the day occurred at midnight on January 17, when the digital currency reached lows close to USD $48,480 per unit, a point to which it is approaching again.

Bitcoin price evolution this January 17
Bitcoin price evolution this January 17

Major altcoins are also down

Although the fall in the price of Bitcoin is to be expected at this time of particular uncertainty, it highlights the fact that this trend is also replicated by a good part of the main exponents of this market, which score lower for the morning of this 17 from January.

With falls close to and/or greater than 5% in the last 24 hours, the cases of Solana (SOL), Terra (LUNA), Polkadot (DOT), Dogecoin (DOGE), Avalanche (AVAX), Shiba Inu (SHIB), Near Protocol (NEAR), Chainlink (LINK) and many others.

Cardano as the notable winner of the day

However, against all this trend seen in the main markets for today’s morning, the exponent that stands out notably for the increase capitalized in the last 24 hours is THERE IS, the cryptocurrency associated with the network of Cardano, which defies the fall seen this January 17 and is on the rise registering gains of 9% after trading at about USD $1.53.

Examining in detail the evolution seen, we have that the digital currency is on a very good run and has turned around the fall capitalized in recent days, maintaining an upward trend that seems quite stable at this time. It is worth noting that the highest value of the day was capitalized a couple of hours ago, just when it was quoted above USD $1.55.

Although there is no special announcement that can be associated with this increase, the truth is that the volume of commercial operations with the token THERE IS increased almost 100% in the last 24 hours, standing at the time of publication at about USD $3,798 million between yesterday and today, with at least 20% of that figure traded through Binance.

Winners and losers for this January 17

Finally, below we review which were the digital currencies with the most pronounced fluctuations for today’s morning:

To buy cryptocurrencies through DailyBitcoin

We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.

If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.

Buy button to acquire cryptocurrencies
Buy button to acquire cryptocurrencies

We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.


Fountain: CryptoMarkets, CoinMarketCap

Picture of Unsplash edited with Canva

We want to thank the writer of this short article for this amazing web content

Cardano price rises 9% as Bitcoin and major altcoins go down this January 17 – DiarioBitcoin

) [summary] => For Angel Di Matteo @shadowargel Although Bitcoin and the main altcoins are going down for the morning of this January 17, the surprise of the day comes from the hand of Cardano, which defies the market trend and is on the rise in a remarkable way. *** Bitcoin down again this January 17 A new ... Read more [atom_content] =>
For Angel Di Matteo @shadowargel

Although Bitcoin and the main altcoins are going down for the morning of this January 17, the surprise of the day comes from the hand of Cardano, which defies the market trend and is on the rise in a remarkable way.

***

Bitcoin down again this January 17

A new week begins and we open our usual price report reviewing the evolution in the price of Bitcoin (BTC), digital currency that for the morning of this January 17 registers a price of USD $42,747 per unit, maintaining values ??very similar to those seen yesterday at this same time.

This is revealed by data published in our section CryptoMarkets, where it can be seen how in the last 24 hours the price of Bitcoin has partially decreased until reaching the aforementioned values. It is worth noting that the lowest point of the day occurred at midnight on January 17, when the digital currency reached lows close to USD $48,480 per unit, a point to which it is approaching again.

Bitcoin price evolution this January 17
Bitcoin price evolution this January 17

Major altcoins are also down

Although the fall in the price of Bitcoin is to be expected at this time of particular uncertainty, it highlights the fact that this trend is also replicated by a good part of the main exponents of this market, which score lower for the morning of this 17 from January.

With falls close to and/or greater than 5% in the last 24 hours, the cases of Solana (SOL), Terra (LUNA), Polkadot (DOT), Dogecoin (DOGE), Avalanche (AVAX), Shiba Inu (SHIB), Near Protocol (NEAR), Chainlink (LINK) and many others.

Cardano as the notable winner of the day

However, against all this trend seen in the main markets for today’s morning, the exponent that stands out notably for the increase capitalized in the last 24 hours is THERE IS, the cryptocurrency associated with the network of Cardano, which defies the fall seen this January 17 and is on the rise registering gains of 9% after trading at about USD $1.53.

Examining in detail the evolution seen, we have that the digital currency is on a very good run and has turned around the fall capitalized in recent days, maintaining an upward trend that seems quite stable at this time. It is worth noting that the highest value of the day was capitalized a couple of hours ago, just when it was quoted above USD $1.55.

Although there is no special announcement that can be associated with this increase, the truth is that the volume of commercial operations with the token THERE IS increased almost 100% in the last 24 hours, standing at the time of publication at about USD $3,798 million between yesterday and today, with at least 20% of that figure traded through Binance.

Winners and losers for this January 17

Finally, below we review which were the digital currencies with the most pronounced fluctuations for today’s morning:

To buy cryptocurrencies through DailyBitcoin

We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.

If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.

Buy button to acquire cryptocurrencies
Buy button to acquire cryptocurrencies

We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.


Fountain: CryptoMarkets, CoinMarketCap

Picture of Unsplash edited with Canva

We want to thank the writer of this short article for this amazing web content

Cardano price rises 9% as Bitcoin and major altcoins go down this January 17 – DiarioBitcoin

[date_timestamp] => 1642426706 ) [2] => Array ( [title] => The world after the Bitcoin ban ? bitcoin.fr [link] => https://genesisblocknews.com/latest-news/the-world-after-the-bitcoin-ban-bitcoin-fr/ [dc] => Array ( [creator] => Eden Kently ) [pubdate] => Mon, 17 Jan 2022 13:38:10 +0000 [category] => Latest NewsbanBitcoinbitcoinfr [guid] => https://genesisblocknews.com/?p=3662 [description] => Since the subject is in vogue in France with some respectable economists and academics [1] and because I, too, love science fiction, let’s imagine the world after the widespread prohibition of bitcoin. It is not a question here of discussing what could motivate this ban [2], or the feasibility of such a project [3], but ... Read more [content] => Array ( [encoded] =>

Since the subject is in vogue in France with some respectable economists and academics [1] and because I, too, love science fiction, let’s imagine the world after the widespread prohibition of bitcoin. It is not a question here of discussing what could motivate this ban [2], or the feasibility of such a project [3], but simply to reflect on the consequences of such a situation.

That’s it, it’s done: in its latest report, the FATF [3] spoke out in favor of banning all cryptocurrencies using proof of work and all those that allow anonymous transactions. Immediately, like one man, all the member countries hasten to take measures to translate the text into action, with the blow of an ax. Of course the protocols themselves, when they are truly decentralized, remain untouchable. But this is a setback for most companies in the sector. Only those that gravitate around projects by banking consortia, central banks or licensed companies capable of ensuring the identification and perfect traceability of users escape the blade.

On the side of the investors it is the debacle. The price of bitcoin obviously did not wait for the publication of the decrees, and, from the first rumors, the fall was brutal. The decisions that follow one another over the weeks only aggravate the crisis. It’s official, it’s written everywhere: Bitcoin is dead and will not rise again. Let’s move on to something else.

For the hodlers, the crypto winter begins, long and cold.

However, under the thick layer of snow, a beat is always heard, almost imperceptible, every ten minutes. Buried, invisible, mining has gone underground. Small, elusive and diffuse settlements have replaced large farms. The network is not dead, of course, but who cares since it no longer interests anyone.

A new one arrives halving, the price moves away significantly from its lowest point and slowly resumes its progression. Yet there is no more Binance, no more Kraken, and Coinbase only sells Ripple and CBDC to its duly identified customers. What is going on ?

In countries with high inflation, satoshis are now bought and sold hand to hand and DEXs [5] are experiencing an astounding development in developed countries. More institutional purchases of course, no ?big money?, no ETFs, but a demand which, although anecdotal, remains constant and growing. For the infamous speculators, a long and discreet phase of accumulation has begun.

When the media, long gone on other subjects, finally take hold of this new phenomenon, it is too late, spring is here. Almost everywhere the germ has hatched. Faced with this demonstration, those who were still unaware of it end up understanding that Bitcoin resists all censorship and now there is nothing left to ban… game over.

In the end, everyone who calls for Bitcoin to be banned, that is, to put the system to this ultimate test, should have the support and admiration of the entire community. After all, they are the real cypherpunks.


[1] No irony in this adjective

[2] Usually: the fight against global warming, cybercrime, financial instability, the speculation?

[3] How could the ?international community?, unable to agree on things as obvious and essential as a plan for the closure of coal-fired power plants, agree on subjects as secondary as the banning of Bitcoin?

[4] Financial Action Task Force. Intergovernmental organization for the fight against money laundering and the financing of terrorism.

[5] Decentralized exchange platforms

We would like to say thanks to the writer of this write-up for this remarkable web content

The world after the Bitcoin ban – bitcoin.fr

) [summary] => Since the subject is in vogue in France with some respectable economists and academics [1] and because I, too, love science fiction, let’s imagine the world after the widespread prohibition of bitcoin. It is not a question here of discussing what could motivate this ban [2], or the feasibility of such a project [3], but ... Read more [atom_content] =>

Since the subject is in vogue in France with some respectable economists and academics [1] and because I, too, love science fiction, let’s imagine the world after the widespread prohibition of bitcoin. It is not a question here of discussing what could motivate this ban [2], or the feasibility of such a project [3], but simply to reflect on the consequences of such a situation.

That’s it, it’s done: in its latest report, the FATF [3] spoke out in favor of banning all cryptocurrencies using proof of work and all those that allow anonymous transactions. Immediately, like one man, all the member countries hasten to take measures to translate the text into action, with the blow of an ax. Of course the protocols themselves, when they are truly decentralized, remain untouchable. But this is a setback for most companies in the sector. Only those that gravitate around projects by banking consortia, central banks or licensed companies capable of ensuring the identification and perfect traceability of users escape the blade.

On the side of the investors it is the debacle. The price of bitcoin obviously did not wait for the publication of the decrees, and, from the first rumors, the fall was brutal. The decisions that follow one another over the weeks only aggravate the crisis. It’s official, it’s written everywhere: Bitcoin is dead and will not rise again. Let’s move on to something else.

For the hodlers, the crypto winter begins, long and cold.

However, under the thick layer of snow, a beat is always heard, almost imperceptible, every ten minutes. Buried, invisible, mining has gone underground. Small, elusive and diffuse settlements have replaced large farms. The network is not dead, of course, but who cares since it no longer interests anyone.

A new one arrives halving, the price moves away significantly from its lowest point and slowly resumes its progression. Yet there is no more Binance, no more Kraken, and Coinbase only sells Ripple and CBDC to its duly identified customers. What is going on ?

In countries with high inflation, satoshis are now bought and sold hand to hand and DEXs [5] are experiencing an astounding development in developed countries. More institutional purchases of course, no ?big money?, no ETFs, but a demand which, although anecdotal, remains constant and growing. For the infamous speculators, a long and discreet phase of accumulation has begun.

When the media, long gone on other subjects, finally take hold of this new phenomenon, it is too late, spring is here. Almost everywhere the germ has hatched. Faced with this demonstration, those who were still unaware of it end up understanding that Bitcoin resists all censorship and now there is nothing left to ban… game over.

In the end, everyone who calls for Bitcoin to be banned, that is, to put the system to this ultimate test, should have the support and admiration of the entire community. After all, they are the real cypherpunks.


[1] No irony in this adjective

[2] Usually: the fight against global warming, cybercrime, financial instability, the speculation?

[3] How could the ?international community?, unable to agree on things as obvious and essential as a plan for the closure of coal-fired power plants, agree on subjects as secondary as the banning of Bitcoin?

[4] Financial Action Task Force. Intergovernmental organization for the fight against money laundering and the financing of terrorism.

[5] Decentralized exchange platforms

We would like to say thanks to the writer of this write-up for this remarkable web content

The world after the Bitcoin ban – bitcoin.fr

[date_timestamp] => 1642426690 ) [3] => Array ( [title] => Charles Hoskinson: Cardano Could Overtake Solana in 2022 ? BeInCrypto [link] => https://genesisblocknews.com/cardano/charles-hoskinson-cardano-could-overtake-solana-in-2022-beincrypto/ [dc] => Array ( [creator] => Jet Tyler ) [pubdate] => Mon, 17 Jan 2022 01:34:01 +0000 [category] => CardanoBeInCryptoCharlesHoskinsonovertakeSolana [guid] => https://genesisblocknews.com/?p=3656 [description] => In 2021, the Cardano (ADA) team engaged in the ?Goguen phase?, in which the blockchain incorporated smart contracts. In 2022, Charles Hoskinson and his team want to increase the scalability of the network during the Basho phase. In a recent interview, Charles Hoskinson talked, among other things, about the technical innovations that Cardano would like ... Read more [content] => Array ( [encoded] =>

In 2021, the Cardano (ADA) team engaged in the ?Goguen phase?, in which the blockchain incorporated smart contracts. In 2022, Charles Hoskinson and his team want to increase the scalability of the network during the Basho phase.

In a recent interview, Charles Hoskinson talked, among other things, about the technical innovations that Cardano would like to introduce this year. Hydra, the new Layer 2 scalability solution, is said to allows processing of over 1 million transactions per second.

For comparison: Solana can currently process around 65,000 transactions per second. Ethereum only 15. The Visa network can do about 24,000 transactions per second. So Cardano could soon be the fastest smart contract platform in the world.

Charles Hoskinson: Hydra should be ready in 2022

In a Crypto Capital Venture podcast, Charles Hoskinson discussed how he plans to bring billions of users to the platform. Charles Hoskinson was generally upbeat. He suggested that in 2022 Cardano will probably be able to meet the goals of the Basho phase:

?I think everything I’ve described will be done: sidechains, pipeline, import sponsors, library optimization, Hydra and Mithril. [?] While there are degrees and different ways that you can use Hydra, at least you will be able to use Hydra for something like micro transactions.?

Hydra is a Layer 2 solution for Cardano that allows transactions to be processed off-chain. Hydra uses a similar principle to the Ethereum shard, which is not scheduled to appear until 2023.

With the fragmentation the data is restructured or split into several smaller data sets to increase the computational output. This should also significantly increase the scalability of the Cardano network.

However, due to Cardano decentralization, the result of the transaction also depends on the number of validating participants. The greater the number of validators or strikers, the more transactions the network can process. Therefore, it could still be a while before Cardano actually processes or can process that many transactions.

Will Cardano overtake Solana and Ethereum in 2022?

With the Hydra update, Cardano has the opportunity to become the leading smart contract and DeFi platform. Ethereum 2.0 should be able to process 100,000 transactions per second.

However, it will probably be at least a year before the ETH 2.0 upgrade is released. That is why Ethereum could lose part of its market share (DeFi) against others blockchains.

Solana already has very good scalability. However, the still relatively unexplored consensus mechanism and the centralized nature of Solana are two reasons why investors might ultimately choose Cardano. For example, due to the decentralized structure, the Cardano network cannot simply be shut down or attacked with difficulty. Hoskinson is optimistic:

“I think we’re in an extremely strong position to catch up with Solana and other platforms like that, but we have the added benefit of being really decentralized and having a strong theoretical foundation and strong foundation.”

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We would love to thank the author of this short article for this outstanding material

Charles Hoskinson: Cardano Could Overtake Solana in 2022 – BeInCrypto

) [summary] => In 2021, the Cardano (ADA) team engaged in the ?Goguen phase?, in which the blockchain incorporated smart contracts. In 2022, Charles Hoskinson and his team want to increase the scalability of the network during the Basho phase. In a recent interview, Charles Hoskinson talked, among other things, about the technical innovations that Cardano would like ... Read more [atom_content] =>

In 2021, the Cardano (ADA) team engaged in the ?Goguen phase?, in which the blockchain incorporated smart contracts. In 2022, Charles Hoskinson and his team want to increase the scalability of the network during the Basho phase.

In a recent interview, Charles Hoskinson talked, among other things, about the technical innovations that Cardano would like to introduce this year. Hydra, the new Layer 2 scalability solution, is said to allows processing of over 1 million transactions per second.

For comparison: Solana can currently process around 65,000 transactions per second. Ethereum only 15. The Visa network can do about 24,000 transactions per second. So Cardano could soon be the fastest smart contract platform in the world.

Charles Hoskinson: Hydra should be ready in 2022

In a Crypto Capital Venture podcast, Charles Hoskinson discussed how he plans to bring billions of users to the platform. Charles Hoskinson was generally upbeat. He suggested that in 2022 Cardano will probably be able to meet the goals of the Basho phase:

?I think everything I’ve described will be done: sidechains, pipeline, import sponsors, library optimization, Hydra and Mithril. [?] While there are degrees and different ways that you can use Hydra, at least you will be able to use Hydra for something like micro transactions.?

Hydra is a Layer 2 solution for Cardano that allows transactions to be processed off-chain. Hydra uses a similar principle to the Ethereum shard, which is not scheduled to appear until 2023.

With the fragmentation the data is restructured or split into several smaller data sets to increase the computational output. This should also significantly increase the scalability of the Cardano network.

However, due to Cardano decentralization, the result of the transaction also depends on the number of validating participants. The greater the number of validators or strikers, the more transactions the network can process. Therefore, it could still be a while before Cardano actually processes or can process that many transactions.

Will Cardano overtake Solana and Ethereum in 2022?

With the Hydra update, Cardano has the opportunity to become the leading smart contract and DeFi platform. Ethereum 2.0 should be able to process 100,000 transactions per second.

However, it will probably be at least a year before the ETH 2.0 upgrade is released. That is why Ethereum could lose part of its market share (DeFi) against others blockchains.

Solana already has very good scalability. However, the still relatively unexplored consensus mechanism and the centralized nature of Solana are two reasons why investors might ultimately choose Cardano. For example, due to the decentralized structure, the Cardano network cannot simply be shut down or attacked with difficulty. Hoskinson is optimistic:

“I think we’re in an extremely strong position to catch up with Solana and other platforms like that, but we have the added benefit of being really decentralized and having a strong theoretical foundation and strong foundation.”

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We would love to thank the author of this short article for this outstanding material

Charles Hoskinson: Cardano Could Overtake Solana in 2022 – BeInCrypto

[date_timestamp] => 1642383241 ) [4] => Array ( [title] => Avalanche, Terra, and Chainlink Price Analysis: Jan 16 [link] => https://genesisblocknews.com/chainlink/avalanche-terra-and-chainlink-price-analysis-jan-16/ [dc] => Array ( [creator] => Paula Hooper ) [pubdate] => Sun, 16 Jan 2022 20:01:38 +0000 [category] => ChainlinkanalysisAvalancheJanpriceTERRA [guid] => https://genesisblocknews.com/?p=3650 [description] => The market as a whole saw a decent recovery in the past few days. However, the bulls were not yet in a position to alter the general sentiment as the ?fear? sentiment only got worse. After a double bottom breakout, the Avalanche reversed from the $96 zone. While the buyers tried to intervene, the ADX ... Read more [content] => Array ( [encoded] =>

The market as a whole saw a decent recovery in the past few days. However, the bulls were not yet in a position to alter the general sentiment as the ?fear? sentiment only got worse.

After a double bottom breakout, the Avalanche reversed from the $96 zone. While the buyers tried to intervene, the ADX showed a weak directional bias for the alt. Terra and Chainlink leaned slightly in favor of the bulls, but were unable to muster impressive volumes.

Avalanche (AVAX)

Source: TradingView, AVAX/USDT

After reversing the 61.8% Fibonacci support, AVAX saw a staggering ROI of 67.8% (from Dec 13 low) to hit its three-week high on Dec 22. Since then, the alt saw a 37.58% retracement and tested the $79.3 support.

Over the past week, after forming a double bottom (bullish) pattern, it faced strong resistance at the $96.4 mark. Now, the $96 zone was a vital point to break through for the AVAX bulls. Any further pullbacks would continue to find testing support near Checkpoint.

At press time, the alt was trading at $93.45. The RSI marked bullish readings after an uptrend. He too DMI represents a bullish bias. But ADX showed a substantially weak directional trend for the alt.

Earth (MOON)

Since hitting its three-week low on Jan. 8, the alt has seen an impressive 38.5% rally after bouncing from the 61.8% level.

LUNA reclaimed the 38.2% support level, 23.6% and crossed the 4-hour barrier. 20-50-200 MSM. Now, the testing point for the bulls has been placed at the $92 level. Any breakout would find testing support at the 23.6% level followed by the 20-SMA (red).

At press time, LUNA was trading 15.9% below its ATH at $86.66. The RSI saw a steep slope above the midline. It managed to turn the 61 mark from resistance to immediate support. He too supertendencia a green signal flashed. However the OBV marked lower highs with the recent rise, suggesting weak buying pressure.

Chain link (LINK)

LINKUSDT 2022 01 16 15 46 51

Source: TradingView, LINK/USDT

LINK bulls retested the $22.42 level four times in the past month. They finally broke through this level after the breakout of the falling wedge (green) resulted in two rising channels in the last 12 days.

LINK saw an ROI of 50.2% (from the low of Jan 1) until it hit its seven-week high on Jan 11. The alt flipped the $25.7 support from its nearly six-week resistance. The volume oscillator it continuously marked lower peaks since January 6, indicating a weak upside rally in recent days.

At press time, LINK was trading at $25.96. LINK witnessed a breakout of the ascending channel after forming a bearish divergence with the RSI. At the time of this analysis, the RSI managed to rally above the midline. However the ADX showed a weak directional trend for the alt.

This is an automatic translation of our English version.

We would like to say thanks to the author of this article for this remarkable material

Avalanche, Terra, and Chainlink Price Analysis: Jan 16

) [summary] => The market as a whole saw a decent recovery in the past few days. However, the bulls were not yet in a position to alter the general sentiment as the ?fear? sentiment only got worse. After a double bottom breakout, the Avalanche reversed from the $96 zone. While the buyers tried to intervene, the ADX ... Read more [atom_content] =>

The market as a whole saw a decent recovery in the past few days. However, the bulls were not yet in a position to alter the general sentiment as the ?fear? sentiment only got worse.

After a double bottom breakout, the Avalanche reversed from the $96 zone. While the buyers tried to intervene, the ADX showed a weak directional bias for the alt. Terra and Chainlink leaned slightly in favor of the bulls, but were unable to muster impressive volumes.

Avalanche (AVAX)

Source: TradingView, AVAX/USDT

After reversing the 61.8% Fibonacci support, AVAX saw a staggering ROI of 67.8% (from Dec 13 low) to hit its three-week high on Dec 22. Since then, the alt saw a 37.58% retracement and tested the $79.3 support.

Over the past week, after forming a double bottom (bullish) pattern, it faced strong resistance at the $96.4 mark. Now, the $96 zone was a vital point to break through for the AVAX bulls. Any further pullbacks would continue to find testing support near Checkpoint.

At press time, the alt was trading at $93.45. The RSI marked bullish readings after an uptrend. He too DMI represents a bullish bias. But ADX showed a substantially weak directional trend for the alt.

Earth (MOON)

Since hitting its three-week low on Jan. 8, the alt has seen an impressive 38.5% rally after bouncing from the 61.8% level.

LUNA reclaimed the 38.2% support level, 23.6% and crossed the 4-hour barrier. 20-50-200 MSM. Now, the testing point for the bulls has been placed at the $92 level. Any breakout would find testing support at the 23.6% level followed by the 20-SMA (red).

At press time, LUNA was trading 15.9% below its ATH at $86.66. The RSI saw a steep slope above the midline. It managed to turn the 61 mark from resistance to immediate support. He too supertendencia a green signal flashed. However the OBV marked lower highs with the recent rise, suggesting weak buying pressure.

Chain link (LINK)

LINKUSDT 2022 01 16 15 46 51

Source: TradingView, LINK/USDT

LINK bulls retested the $22.42 level four times in the past month. They finally broke through this level after the breakout of the falling wedge (green) resulted in two rising channels in the last 12 days.

LINK saw an ROI of 50.2% (from the low of Jan 1) until it hit its seven-week high on Jan 11. The alt flipped the $25.7 support from its nearly six-week resistance. The volume oscillator it continuously marked lower peaks since January 6, indicating a weak upside rally in recent days.

At press time, LINK was trading at $25.96. LINK witnessed a breakout of the ascending channel after forming a bearish divergence with the RSI. At the time of this analysis, the RSI managed to rally above the midline. However the ADX showed a weak directional trend for the alt.

This is an automatic translation of our English version.

We would like to say thanks to the author of this article for this remarkable material

Avalanche, Terra, and Chainlink Price Analysis: Jan 16

[date_timestamp] => 1642363298 ) [5] => Array ( [title] => Cardano (ADA) Scalability Plans Enter Basho Phase ? BeInCrypto [link] => https://genesisblocknews.com/cardano/cardano-ada-scalability-plans-enter-basho-phase-beincrypto/ [dc] => Array ( [creator] => Jet Tyler ) [pubdate] => Sun, 16 Jan 2022 19:33:16 +0000 [category] => CardanoADABashoBeInCryptoEnterPhaseplansScalability [guid] => https://genesisblocknews.com/?p=3644 [description] => Cardano announces some exciting developments for 2022 to address the anticipated surge in DApp development. Cardano developments for 2022 will come fast and hard. BeInCrypto recently reported on Charles Hoskinson’s educational blog, where he outlined Cardano’s 2020 roadmap. In the report, it was noted that the company behind Cardano would spare no expense in developing ... Read more [content] => Array ( [encoded] =>

Cardano announces some exciting developments for 2022 to address the anticipated surge in DApp development.

Cardano developments for 2022 will come fast and hard. BeInCrypto recently reported on Charles Hoskinson’s educational blog, where he outlined Cardano’s 2020 roadmap.

In the report, it was noted that the company behind Cardano would spare no expense in developing improvements on and off the chain which will pave the way for an expansion of the ecosystem of decentralized applications.

Mejoras on-chain

The Basho phase will see resources invested in optimization and scalability to address the anticipated rise of Cardano-based decentralized applications.

One of the improvements on-chain will be an increase in block size, after the recent increase from 8 KB to 72 KB. Pipelining, where parallel processes occur to improve performance, will reduce block propagation times by combining validation and propagation.

The blocks are expected to reach 95% of the pairs in five seconds. other improvement on-chain will be the entrance sponsors. They improve block propagation times and performance, ultimately increasing the number of transactions per second.

There will also be memory improvements in the handling of unspent transaction output (UTXO), stake distribution, and live stake distribution.

The extensible UTXO model includes enhancements to the Plutus programming language. The improvements are Reference Entries (Cardano Improvement Proposal-0031), Plutus Datums (CIP-0032), and Script Sharing (CIP-0033).

There will be improvements to the nodes to smooth the calculations of staking and the distribution of rewards. Some parts of the protocol state will be stored on disk, which means that systems that have limited RAM will be able to operate nodes in case they have enough storage, and scalability will no longer be an issue.

Mejoras off-chain

There are also improvements off-chain planned for the Basho phase. The sidechains will be introduced for the first time. A sidechain is a blockchain connected to the blockchain main across a bridge to allow tokens from one chain to be used on another and returned to the mainnet.

The sidechains from Ethereum Virtual Machine that will connect to the blockchain Cardano mainframes include Milkomeda and Mamba.

other improvement off-chain will make that some transactions occur outside the blockchain to improve network efficiency. transactions off-chain They operate through a trust model.

Hydra, another improvement off-chain, it will provide a more efficient way to process transactions off the main chain, using the ledger from mainnet as the settlement layer.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We wish to give thanks to the author of this article for this awesome web content

Cardano (ADA) Scalability Plans Enter Basho Phase – BeInCrypto

) [summary] => Cardano announces some exciting developments for 2022 to address the anticipated surge in DApp development. Cardano developments for 2022 will come fast and hard. BeInCrypto recently reported on Charles Hoskinson’s educational blog, where he outlined Cardano’s 2020 roadmap. In the report, it was noted that the company behind Cardano would spare no expense in developing ... Read more [atom_content] =>

Cardano announces some exciting developments for 2022 to address the anticipated surge in DApp development.

Cardano developments for 2022 will come fast and hard. BeInCrypto recently reported on Charles Hoskinson’s educational blog, where he outlined Cardano’s 2020 roadmap.

In the report, it was noted that the company behind Cardano would spare no expense in developing improvements on and off the chain which will pave the way for an expansion of the ecosystem of decentralized applications.

Mejoras on-chain

The Basho phase will see resources invested in optimization and scalability to address the anticipated rise of Cardano-based decentralized applications.

One of the improvements on-chain will be an increase in block size, after the recent increase from 8 KB to 72 KB. Pipelining, where parallel processes occur to improve performance, will reduce block propagation times by combining validation and propagation.

The blocks are expected to reach 95% of the pairs in five seconds. other improvement on-chain will be the entrance sponsors. They improve block propagation times and performance, ultimately increasing the number of transactions per second.

There will also be memory improvements in the handling of unspent transaction output (UTXO), stake distribution, and live stake distribution.

The extensible UTXO model includes enhancements to the Plutus programming language. The improvements are Reference Entries (Cardano Improvement Proposal-0031), Plutus Datums (CIP-0032), and Script Sharing (CIP-0033).

There will be improvements to the nodes to smooth the calculations of staking and the distribution of rewards. Some parts of the protocol state will be stored on disk, which means that systems that have limited RAM will be able to operate nodes in case they have enough storage, and scalability will no longer be an issue.

Mejoras off-chain

There are also improvements off-chain planned for the Basho phase. The sidechains will be introduced for the first time. A sidechain is a blockchain connected to the blockchain main across a bridge to allow tokens from one chain to be used on another and returned to the mainnet.

The sidechains from Ethereum Virtual Machine that will connect to the blockchain Cardano mainframes include Milkomeda and Mamba.

other improvement off-chain will make that some transactions occur outside the blockchain to improve network efficiency. transactions off-chain They operate through a trust model.

Hydra, another improvement off-chain, it will provide a more efficient way to process transactions off the main chain, using the ledger from mainnet as the settlement layer.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We wish to give thanks to the author of this article for this awesome web content

Cardano (ADA) Scalability Plans Enter Basho Phase – BeInCrypto

[date_timestamp] => 1642361596 ) [6] => Array ( [title] => Cardano DEX Announces Mainnet Launch Date and ADA Increases 10% ? BeInCrypto [link] => https://genesisblocknews.com/cardano/cardano-dex-announces-mainnet-launch-date-and-ada-increases-10-beincrypto/ [dc] => Array ( [creator] => Jet Tyler ) [pubdate] => Sun, 16 Jan 2022 13:31:27 +0000 [category] => CardanoADAannouncesBeInCryptoDEXincreasesLaunchmainnet [guid] => https://genesisblocknews.com/?p=3638 [description] => Cardano (ADA) decentralized exchange SundaeSwap announced the launch date on the mainnet, news that caused a significant increase in the price of the ADA token. Through a blog post on January 15, SundaeSwap confirmed that the launch on the mainnet of the fully functional beta version will be next January 20th. The statement also announced ... Read more [content] => Array ( [encoded] =>

Cardano (ADA) decentralized exchange SundaeSwap announced the launch date on the mainnet, news that caused a significant increase in the price of the ADA token.

Through a blog post on January 15, SundaeSwap confirmed that the launch on the mainnet of the fully functional beta version will be next January 20th.

The statement also announced that the projects will be able to create pools Starting Tuesday, January 18.

Fountain: Twitter

SundaeSwap highlighted that the DEX launch process will have three key moments:

  • Thursday, January 20: SundaeSwap will launch as a fully functional beta decentralized exchange (DEX).
  • Tuesday, January 25: the first round of ISO awards will be calculated. ISO Participants must delegate ADA to qualified ISO Scoopers by 21:45 UTC on January 25 in order to earn SUNDAE for all five rounds of ISO.
  • Thursday, January 20: SUNDAE rewards begin yield farming. Yield farming will be available for at least the first six months of the DEX SundaeSwap, and during this period, LP tokens in staking to produce agricultural contracts in pools eligible can earn additional SUNDAE rewards.

SundaeSwap: ISO y yield farming

SundaeSwap’s statement explains how participants will be able to qualify for Initial Staking Offer (ISO) rewards. For it, they must have made staking with ADA with eligible SPOs before 21:45 UTC on January 25:

?Your reward will be calculated based on the snapshot taken at that time, and at the same time, at each subsequent epoch limit.?

In this sense, the ISO will start in parallel with the launch of the DEX and “will continue for five epochs, with rewards (5% of the total SUNDAE supply, 1% per epoch)”. To do this, you must delegate before the following dates:

  • Round 1: January 25 (21:45 UTC)
  • Round 2: January 30 (21:45 UTC)
  • Round 3: February 4 (21:45 UTC)
  • Round 4: February 9 (21:45 UTC)
  • Round 5: February 14 (21:45 UTC)

At the same time, SundaeSwap offers information on yield farming:

?500,000 SUNDAE will be allocated daily for at least the first six months of DEX operation to produce farmers participating in the following liquidity pools: SUNDAE/ADA, LQ/ADA, WMT/ADA, CARDS/ADA.?

ADA Price Impact

Following the announcement, the price of Cardano’s native token saw significant growth. At the time of publication, ADA is trading at $1.40, an increase of 10% in the last 24 hours, according the data de CoinMarketCap.

Fountain: CoinMarketCap

SundaeSwap is by far the most popular and most anticipated Cardano-based DEX. Built on a blockchain Next generation SundaeSwap has some unique design elements to address.

In a nutshell, SundaeSwap is an automated market maker that, in its initial form, will serve as something like Uniswap for blockchain Cardano.

Last December, the founder of Cardano, Charles Hoskinson, highlighted that one of the most important objectives is Finalize technology use plans blockchain to provide affordable loans to the world’s poorest through decentralized finance and it seems that, with the launch of SundaeSwap, Cardano starts 2022 with good projections.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We would love to say thanks to the author of this post for this awesome web content

Cardano DEX Announces Mainnet Launch Date and ADA Increases 10% – BeInCrypto

) [summary] => Cardano (ADA) decentralized exchange SundaeSwap announced the launch date on the mainnet, news that caused a significant increase in the price of the ADA token. Through a blog post on January 15, SundaeSwap confirmed that the launch on the mainnet of the fully functional beta version will be next January 20th. The statement also announced ... Read more [atom_content] =>

Cardano (ADA) decentralized exchange SundaeSwap announced the launch date on the mainnet, news that caused a significant increase in the price of the ADA token.

Through a blog post on January 15, SundaeSwap confirmed that the launch on the mainnet of the fully functional beta version will be next January 20th.

The statement also announced that the projects will be able to create pools Starting Tuesday, January 18.

Fountain: Twitter

SundaeSwap highlighted that the DEX launch process will have three key moments:

  • Thursday, January 20: SundaeSwap will launch as a fully functional beta decentralized exchange (DEX).
  • Tuesday, January 25: the first round of ISO awards will be calculated. ISO Participants must delegate ADA to qualified ISO Scoopers by 21:45 UTC on January 25 in order to earn SUNDAE for all five rounds of ISO.
  • Thursday, January 20: SUNDAE rewards begin yield farming. Yield farming will be available for at least the first six months of the DEX SundaeSwap, and during this period, LP tokens in staking to produce agricultural contracts in pools eligible can earn additional SUNDAE rewards.

SundaeSwap: ISO y yield farming

SundaeSwap’s statement explains how participants will be able to qualify for Initial Staking Offer (ISO) rewards. For it, they must have made staking with ADA with eligible SPOs before 21:45 UTC on January 25:

?Your reward will be calculated based on the snapshot taken at that time, and at the same time, at each subsequent epoch limit.?

In this sense, the ISO will start in parallel with the launch of the DEX and “will continue for five epochs, with rewards (5% of the total SUNDAE supply, 1% per epoch)”. To do this, you must delegate before the following dates:

  • Round 1: January 25 (21:45 UTC)
  • Round 2: January 30 (21:45 UTC)
  • Round 3: February 4 (21:45 UTC)
  • Round 4: February 9 (21:45 UTC)
  • Round 5: February 14 (21:45 UTC)

At the same time, SundaeSwap offers information on yield farming:

?500,000 SUNDAE will be allocated daily for at least the first six months of DEX operation to produce farmers participating in the following liquidity pools: SUNDAE/ADA, LQ/ADA, WMT/ADA, CARDS/ADA.?

ADA Price Impact

Following the announcement, the price of Cardano’s native token saw significant growth. At the time of publication, ADA is trading at $1.40, an increase of 10% in the last 24 hours, according the data de CoinMarketCap.

Fountain: CoinMarketCap

SundaeSwap is by far the most popular and most anticipated Cardano-based DEX. Built on a blockchain Next generation SundaeSwap has some unique design elements to address.

In a nutshell, SundaeSwap is an automated market maker that, in its initial form, will serve as something like Uniswap for blockchain Cardano.

Last December, the founder of Cardano, Charles Hoskinson, highlighted that one of the most important objectives is Finalize technology use plans blockchain to provide affordable loans to the world’s poorest through decentralized finance and it seems that, with the launch of SundaeSwap, Cardano starts 2022 with good projections.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at their own risk.

We would love to say thanks to the author of this post for this awesome web content

Cardano DEX Announces Mainnet Launch Date and ADA Increases 10% – BeInCrypto

[date_timestamp] => 1642339887 ) [7] => Array ( [title] => Cardano: the altcoin that faces a very promising future [link] => https://genesisblocknews.com/cardano/cardano-the-altcoin-that-faces-a-very-promising-future/ [dc] => Array ( [creator] => Jet Tyler ) [pubdate] => Sun, 16 Jan 2022 01:26:14 +0000 [category] => Cardanoaltcoinfuturepromising [guid] => https://genesisblocknews.com/?p=3632 [description] => So far in 2021, Cardano has accumulated a 590% profit and has positioned itself as the fourth cryptocurrency in the market due to its capitalization. Cardano has 85,000 daily active addresses. On more than one occasion we pointed out that Bitcoin is not the iceberg of cryptocurrencies, but rather it is only the tip. Beneath ... Read more [content] => Array ( [encoded] =>
  • So far in 2021, Cardano has accumulated a 590% profit and has positioned itself as the fourth cryptocurrency in the market due to its capitalization.
  • Cardano has 85,000 daily active addresses.

On more than one occasion we pointed out that Bitcoin is not the iceberg of cryptocurrencies, but rather it is only the tip. Beneath digital gold, the undisputed leader in the sector, there are hundreds of altcoins that contribute their own and stand out in the market. Cardano (ADA) is the clear example of this statement.

Coinbase lists ADA on its platform

Since last Thursday, the Coinbase exchange, the second with the largest market capitalization, behind Binance, offers its clients said digital asset what “ayHelped push open interest on its futures contracts above $1 billion“. The market proved to be very interested in the trendy cryptocurrency.

Taking January 1 as a reference, Cardano surpassed the value of $1 dollar and reached a maximum of $1.40. Only so far in 2021, it already accumulates a 590% profit, which is an impressive figure for the market. Even breaking the 1 billion open interest barrier is an achievement only achieved by BTC and ETH.

Cardano a la alza

Based on its spot and on-chain trading volume, Cardano slipped in as the fourth largest cryptocurrency at the moment surpassing Tether.

Based on the information provided by the transparent Nomics exchange, Cardano has a trading volume of $97.5 billion so far in 2021, outperforming other major altcoins such as LTC, Ripple (XRP), and even Polkadot as well ( DOT), another of the fashionable assets within the investment world.

Another important point when analyzing the growth of a cryptocurrency beyond the price is the number of daily active addresses it has. This implies the use of the network: the higher the fees, the less interest there will be in growing the platform.

Daily Active Addresses

As can be seen on CoinMetrics, there are 85,000 daily active addresses. How can you analyze that they are really active? Transfers must be evaluated, as well as the total amount of value that effectively circulates in each network. All of these data must match consistently.

Through its scoring system called VORTECS, Cointelegraph announced Cardano’s bullish outlook since March 16. In accordance with Cointelegraph its growth trajectory appears organic and in line with volume activity, thus there seems to be no indication of fabricated figures.

UvRTayAYjwnnYnBkuU0ESzAOK1l0Lw krOW dlIXFz2tXTvmAqwGezWYsIC Ektywf oLmLm79 ig9aivqvgF
Daily active addresses. Source: CoinMetrics

According to the media, daily transfers and transactions on the ADA network average $4.5 billion per day, which is up to six times higher than that of its competitors, which compared to ADA chain activity, provides a certain $45 billion market capitalization support.

What is VORTECS?

According to the description of Cointelegraph VORTECS is:

?An algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements, and Twitter activity?.

From the above, it is clear that ADA today appears as a very interesting alternative within the cryptographic ecosystem. Congestion on the Ethereum network could benefit you, but for this you will need to work and get involved in decentralized applications, for example. His potential will go hand in hand with the work he will carry out.

You might be interested in:

We want to give thanks to the writer of this article for this outstanding material

Cardano: the altcoin that faces a very promising future

) [summary] => So far in 2021, Cardano has accumulated a 590% profit and has positioned itself as the fourth cryptocurrency in the market due to its capitalization. Cardano has 85,000 daily active addresses. On more than one occasion we pointed out that Bitcoin is not the iceberg of cryptocurrencies, but rather it is only the tip. Beneath ... Read more [atom_content] =>
  • So far in 2021, Cardano has accumulated a 590% profit and has positioned itself as the fourth cryptocurrency in the market due to its capitalization.
  • Cardano has 85,000 daily active addresses.

On more than one occasion we pointed out that Bitcoin is not the iceberg of cryptocurrencies, but rather it is only the tip. Beneath digital gold, the undisputed leader in the sector, there are hundreds of altcoins that contribute their own and stand out in the market. Cardano (ADA) is the clear example of this statement.

Coinbase lists ADA on its platform

Since last Thursday, the Coinbase exchange, the second with the largest market capitalization, behind Binance, offers its clients said digital asset what “ayHelped push open interest on its futures contracts above $1 billion“. The market proved to be very interested in the trendy cryptocurrency.

Taking January 1 as a reference, Cardano surpassed the value of $1 dollar and reached a maximum of $1.40. Only so far in 2021, it already accumulates a 590% profit, which is an impressive figure for the market. Even breaking the 1 billion open interest barrier is an achievement only achieved by BTC and ETH.

Cardano a la alza

Based on its spot and on-chain trading volume, Cardano slipped in as the fourth largest cryptocurrency at the moment surpassing Tether.

Based on the information provided by the transparent Nomics exchange, Cardano has a trading volume of $97.5 billion so far in 2021, outperforming other major altcoins such as LTC, Ripple (XRP), and even Polkadot as well ( DOT), another of the fashionable assets within the investment world.

Another important point when analyzing the growth of a cryptocurrency beyond the price is the number of daily active addresses it has. This implies the use of the network: the higher the fees, the less interest there will be in growing the platform.

Daily Active Addresses

As can be seen on CoinMetrics, there are 85,000 daily active addresses. How can you analyze that they are really active? Transfers must be evaluated, as well as the total amount of value that effectively circulates in each network. All of these data must match consistently.

Through its scoring system called VORTECS, Cointelegraph announced Cardano’s bullish outlook since March 16. In accordance with Cointelegraph its growth trajectory appears organic and in line with volume activity, thus there seems to be no indication of fabricated figures.

UvRTayAYjwnnYnBkuU0ESzAOK1l0Lw krOW dlIXFz2tXTvmAqwGezWYsIC Ektywf oLmLm79 ig9aivqvgF
Daily active addresses. Source: CoinMetrics

According to the media, daily transfers and transactions on the ADA network average $4.5 billion per day, which is up to six times higher than that of its competitors, which compared to ADA chain activity, provides a certain $45 billion market capitalization support.

What is VORTECS?

According to the description of Cointelegraph VORTECS is:

?An algorithmic comparison of historical and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements, and Twitter activity?.

From the above, it is clear that ADA today appears as a very interesting alternative within the cryptographic ecosystem. Congestion on the Ethereum network could benefit you, but for this you will need to work and get involved in decentralized applications, for example. His potential will go hand in hand with the work he will carry out.

You might be interested in:

We want to give thanks to the writer of this article for this outstanding material

Cardano: the altcoin that faces a very promising future

[date_timestamp] => 1642296374 ) [8] => Array ( [title] => 94 was traumatic and marked a change of course for Mexico: Monero Patricio [link] => https://genesisblocknews.com/monero/94-was-traumatic-and-marked-a-change-of-course-for-mexico-monero-patricio-2/ [dc] => Array ( [creator] => Eden Kently ) [pubdate] => Sun, 16 Jan 2022 00:48:59 +0000 [category] => MonerochangemarkedMexicoPatriciotraumatic [guid] => https://genesisblocknews.com/?p=3626 [description] => SinEmbargo._ Monero Patricio Ortiz has published his first novel Three Friends, a Maserati and the Mayan Lords of Time (FCE), an uchrony in which he explores a parallel world from the year 1994 in which Luis Donaldo Colosio is saved from being assassinated in Lomas Taurines. ?(94) was a very traumatic moment for the country. ... Read more [content] => Array ( [encoded] =>

SinEmbargo._ Monero Patricio Ortiz has published his first novel Three Friends, a Maserati and the Mayan Lords of Time (FCE), an uchrony in which he explores a parallel world from the year 1994 in which Luis Donaldo Colosio is saved from being assassinated in Lomas Taurines.

?(94) was a very traumatic moment for the country. As they say out there, ‘it has been as it has been’ marked a change of course for the country. Who knows if for better or for worse, but that’s how it was?, shared the writer, screenwriter, illustrator and monero in an interview with SinEmbargo when asked about the relevance of this year in the country’s modern history.

In the novel Aristarco, Chuy and Martina, three inseparable friends, travel to Campeche, where by chance they meet a Mayan lord of time and without looking for him they end up in the year 1994, but corresponding to another reality that little by little is revealed in history.

With a scathing style, Patricio punctually describes the ins and outs of Mexican politics and weaves a whole series of intrigues in which his characters are involved and which they solve with an ingenuity that captivates the reader from start to finish.

The author points out that, without a doubt, things would have been different if Colosio had survived and won the 1994 elections, although he points out that for him he would have been ?another PRI President? since ?his background was for nothing else. However, it would have been different.”

?Colosio also died young. There was no time for him to spoil his career and his legacy, as happens with so many other politicians and national heroes who live to old age and end their own legacy. Perhaps Colosio is mythologized by the fact that he was killed when he was young and that he was the victim of dark powers that offended us all. It is very easy to put him on the pedestal and make him a statue because he did not have time to do great barbarities either, ?he shared when talking about why the former PRI candidate has been mythologized.

As for whether he will continue delving into the genre of the novel, Patricio shared that he has other projects on the horizon, including a second narrative novel and a series of joint graphic novels “with a very good cartoonist cartoonist friend.”

You debut in narrative fiction with this first novel: Three friends, a Maserati and the Mayan lords of time, before entering the subject of this fun uchrony, tell me what it was like to take this step from monkeys to narrative fiction.

?Something that is perhaps not so well known, although many people have read me, is that almost since I started publishing cartoons I also started publishing humorous texts. I always really liked writing. He was very influenced by the texts of Woody Allen and some other humor writers; also by Jorge Ibarguengoitia who always loved his novels?.

?Then I started posting. Everywhere he published short stories of absolutely absurd humor. When I was in El Chamuco I always published comics or caricatures and also some humorous text. When I was in Milenio, for about seven years, I had a column on Saturdays called ‘The original fish’, which were always humorous texts?.

One of his favorite authors is Paul Auster, which is why he started publishing things that are fiction, but that are written to make the reader believe that they are reality. He has very funny anecdotes with texts that he published and caused a stir at the time.

?I had been bringing that up for a long time and I wanted to write a novel. Something had already started, but it just didn’t gel. Suddenly this idea came to me, which is the one in this novel. On a walk the complete idea came to me, I took it down from the cloud and said that it was great to do something?.

That was when it occurred to him to start writing the novel and so he did.

Without spoiling too much, the story you present is, as you say, ?between political fiction and less orthodox scientific fiction?. A story of three friends, Aristarco, Chuy and Martina, inseparable that takes place in 1994 in a parallel world. Why is this year key to understanding the current national events?

?I didn’t choose him for any particular political-historical reason. Even in the same book it is explained that they end up there by accident. It is not that they have decided to save Colosio. That’s what the book is about, says the back cover. They arrive by accident at 94 a few days before the assassination in Lomas Taurinas. They already know what is going to happen and they wonder what to do, if it is worth saving Colosio or not and how they would go about saving him. Then comes the whole story.”

?There is no particular reason why they ended on that date, but rather that is how the story came to me at the beginning and I thought it was very funny to put them in that absurd situation in a convulsive moment and great changes, because it was the year of the Zapatistas, of Colosio’s assassination and that marked a very strong moment. It was a very traumatic moment for the country. As they say out there, ‘it has been as it has been’ marked a change of course for the country. Who knows if for better or for worse, but that’s how it was.

Was the assassination of Luis Donaldo Colosio the watershed of our reality? Had you survived the attack, in reality, would things have been different?

?That they would have been different, they would have been different, because Colosio would have been President and who knows what he would have done. I believe, like many others, that he would have been just another PRI President. His background did not give for anything else. However, it would have been different.”

You lower Colosio from the pedestal and place him among your characters, although you clarify that it is a parallel world. Why do you think that the figure of Colosio is so high up to the present?

?For the same reason that national heroes are usually put on a pedestal: almost all of them were kicked out at an early age. Hidalgo, Morelos, Villa and Zapata died young doing what they were doing. Colosio also died young. He did not give time for himself to spoil his career and his legacy, as happens with so many other politicians and national heroes who live to old age and end their own legacy.”

?Perhaps Colosio is mythologized by the fact that he was killed when he was young and that he was the victim of dark powers that offended us all. It is very easy to put him on the pedestal and make him a statue because he did not have time to do great barbarities either.

I will insist on one point. In reality, there are few uchronies that have been written in Mexico. Omar Nieto recently published The Secret Game of Moctezuma (Harper Collins), which has a precedent with a story by Héctor Chavarría in the Chronicle of the Great Reformer. Both take place in Pre-Hispanic Mexico, a window in which you have looked with your collection Mexico before being Mexico (Grijalbo).

How did you resist taking your story to 94 and not to that time in which you have focused your studies?

?It’s a curious thing. I go back to Paul Auster, this author I quoted, who said that stories come to people who are ready to tell them. The fact is so. I went for a walk in the garden and in half an hour I had the story from start to finish, with characters, with some important facts of the novel. The story made me laugh a lot. So there was no reflection or debate about where I am going to take them, if I put them in pre-Hispanic Mexico. Since I had all that I started to develop it?.

?Also something that happened was that this story occurred to me precisely before making Mexico before it was Mexico, that is, I was studying about the Mayans, who were called the lords of time for their extraordinary ability to handle mathematics. and astronomical calculations. I was immersed in that world when I came up with this story. Between one book and another, in the course of making volume II, I thought it was also a good break to let that topic rest for a while and dedicate myself to something else. Now make a fictional story, dedicate myself to narrative, write my first novel and take a break from these other books that, although they are humorous and caricatured, also require more study and are not as playful as the novel. That is the reason”.

Is there a character you identify with the most? One of them is from Veracruz like you. Do you have any alter egos?

?The three characters are like an amalgamation of many people, particularly several friends of mine. Physically, I imagine Aristarchus as a friend, but his personality has a bit of mine, but also of several friends together. Chuy is based on a friend named Chuy precisely. But his personality is not exactly the same and some of the stories he tells are stories that friend told me, but they are worked and modified.

?Martina’s character is also based on some friends and even on some characters from comic series that I really like. They are an amalgam that I was working on. What took a little more work was separating the characters and giving each one their personality. Chuy and Aristarco suddenly seemed very similar to me and as the pages went by I began to find the personality of each one, and I began to distinguish them. But I think those two characters both have a bit of my own personality.?

Finally, Patricio, will you continue exploring this line of narrative fiction or what’s next?

?Yes, writing that novel for me was a very pleasant process, incredibly enriching. I could spend an hour talking about everything that happened to me. It was very magical. My beans are burning to start the next novel. I already have the story and the name. Right now I’m working on another project that is also narrative, but I’m not going to advance anything because I don’t want to spoil it. It’s a project with a very good cartoonist cartoonist friend to make a series of joint graphic novels. I would write and he would draw. After that I start the new novel and start the new volume of Mexico before being Mexico. I just finished the third volume and I’m starting with the fourth. There I am going to combine narrative with my history books, graphic novels and cartoons.?

?We can’t even go out to the corner, so I start working. There is no date or deadline to deliver anything. You have to give everything your time. For example, this novel took me about four years to come out: a year of writing, a year of resting, a year of proofreading, a year of editorial process. Volume III of Mexico before being Mexico I am about to deliver and that will come out this year. The others, as well as I finish, I will deliver them, but I don’t have any deadline at this time. I hope it’s quick.”

We would like to give thanks to the author of this article for this awesome material

94 was traumatic and marked a change of course for Mexico: Monero Patricio

) [summary] => SinEmbargo._ Monero Patricio Ortiz has published his first novel Three Friends, a Maserati and the Mayan Lords of Time (FCE), an uchrony in which he explores a parallel world from the year 1994 in which Luis Donaldo Colosio is saved from being assassinated in Lomas Taurines. ?(94) was a very traumatic moment for the country. ... Read more [atom_content] =>

SinEmbargo._ Monero Patricio Ortiz has published his first novel Three Friends, a Maserati and the Mayan Lords of Time (FCE), an uchrony in which he explores a parallel world from the year 1994 in which Luis Donaldo Colosio is saved from being assassinated in Lomas Taurines.

?(94) was a very traumatic moment for the country. As they say out there, ‘it has been as it has been’ marked a change of course for the country. Who knows if for better or for worse, but that’s how it was?, shared the writer, screenwriter, illustrator and monero in an interview with SinEmbargo when asked about the relevance of this year in the country’s modern history.

In the novel Aristarco, Chuy and Martina, three inseparable friends, travel to Campeche, where by chance they meet a Mayan lord of time and without looking for him they end up in the year 1994, but corresponding to another reality that little by little is revealed in history.

With a scathing style, Patricio punctually describes the ins and outs of Mexican politics and weaves a whole series of intrigues in which his characters are involved and which they solve with an ingenuity that captivates the reader from start to finish.

The author points out that, without a doubt, things would have been different if Colosio had survived and won the 1994 elections, although he points out that for him he would have been ?another PRI President? since ?his background was for nothing else. However, it would have been different.”

?Colosio also died young. There was no time for him to spoil his career and his legacy, as happens with so many other politicians and national heroes who live to old age and end their own legacy. Perhaps Colosio is mythologized by the fact that he was killed when he was young and that he was the victim of dark powers that offended us all. It is very easy to put him on the pedestal and make him a statue because he did not have time to do great barbarities either, ?he shared when talking about why the former PRI candidate has been mythologized.

As for whether he will continue delving into the genre of the novel, Patricio shared that he has other projects on the horizon, including a second narrative novel and a series of joint graphic novels “with a very good cartoonist cartoonist friend.”

You debut in narrative fiction with this first novel: Three friends, a Maserati and the Mayan lords of time, before entering the subject of this fun uchrony, tell me what it was like to take this step from monkeys to narrative fiction.

?Something that is perhaps not so well known, although many people have read me, is that almost since I started publishing cartoons I also started publishing humorous texts. I always really liked writing. He was very influenced by the texts of Woody Allen and some other humor writers; also by Jorge Ibarguengoitia who always loved his novels?.

?Then I started posting. Everywhere he published short stories of absolutely absurd humor. When I was in El Chamuco I always published comics or caricatures and also some humorous text. When I was in Milenio, for about seven years, I had a column on Saturdays called ‘The original fish’, which were always humorous texts?.

One of his favorite authors is Paul Auster, which is why he started publishing things that are fiction, but that are written to make the reader believe that they are reality. He has very funny anecdotes with texts that he published and caused a stir at the time.

?I had been bringing that up for a long time and I wanted to write a novel. Something had already started, but it just didn’t gel. Suddenly this idea came to me, which is the one in this novel. On a walk the complete idea came to me, I took it down from the cloud and said that it was great to do something?.

That was when it occurred to him to start writing the novel and so he did.

Without spoiling too much, the story you present is, as you say, ?between political fiction and less orthodox scientific fiction?. A story of three friends, Aristarco, Chuy and Martina, inseparable that takes place in 1994 in a parallel world. Why is this year key to understanding the current national events?

?I didn’t choose him for any particular political-historical reason. Even in the same book it is explained that they end up there by accident. It is not that they have decided to save Colosio. That’s what the book is about, says the back cover. They arrive by accident at 94 a few days before the assassination in Lomas Taurinas. They already know what is going to happen and they wonder what to do, if it is worth saving Colosio or not and how they would go about saving him. Then comes the whole story.”

?There is no particular reason why they ended on that date, but rather that is how the story came to me at the beginning and I thought it was very funny to put them in that absurd situation in a convulsive moment and great changes, because it was the year of the Zapatistas, of Colosio’s assassination and that marked a very strong moment. It was a very traumatic moment for the country. As they say out there, ‘it has been as it has been’ marked a change of course for the country. Who knows if for better or for worse, but that’s how it was.

Was the assassination of Luis Donaldo Colosio the watershed of our reality? Had you survived the attack, in reality, would things have been different?

?That they would have been different, they would have been different, because Colosio would have been President and who knows what he would have done. I believe, like many others, that he would have been just another PRI President. His background did not give for anything else. However, it would have been different.”

You lower Colosio from the pedestal and place him among your characters, although you clarify that it is a parallel world. Why do you think that the figure of Colosio is so high up to the present?

?For the same reason that national heroes are usually put on a pedestal: almost all of them were kicked out at an early age. Hidalgo, Morelos, Villa and Zapata died young doing what they were doing. Colosio also died young. He did not give time for himself to spoil his career and his legacy, as happens with so many other politicians and national heroes who live to old age and end their own legacy.”

?Perhaps Colosio is mythologized by the fact that he was killed when he was young and that he was the victim of dark powers that offended us all. It is very easy to put him on the pedestal and make him a statue because he did not have time to do great barbarities either.

I will insist on one point. In reality, there are few uchronies that have been written in Mexico. Omar Nieto recently published The Secret Game of Moctezuma (Harper Collins), which has a precedent with a story by Héctor Chavarría in the Chronicle of the Great Reformer. Both take place in Pre-Hispanic Mexico, a window in which you have looked with your collection Mexico before being Mexico (Grijalbo).

How did you resist taking your story to 94 and not to that time in which you have focused your studies?

?It’s a curious thing. I go back to Paul Auster, this author I quoted, who said that stories come to people who are ready to tell them. The fact is so. I went for a walk in the garden and in half an hour I had the story from start to finish, with characters, with some important facts of the novel. The story made me laugh a lot. So there was no reflection or debate about where I am going to take them, if I put them in pre-Hispanic Mexico. Since I had all that I started to develop it?.

?Also something that happened was that this story occurred to me precisely before making Mexico before it was Mexico, that is, I was studying about the Mayans, who were called the lords of time for their extraordinary ability to handle mathematics. and astronomical calculations. I was immersed in that world when I came up with this story. Between one book and another, in the course of making volume II, I thought it was also a good break to let that topic rest for a while and dedicate myself to something else. Now make a fictional story, dedicate myself to narrative, write my first novel and take a break from these other books that, although they are humorous and caricatured, also require more study and are not as playful as the novel. That is the reason”.

Is there a character you identify with the most? One of them is from Veracruz like you. Do you have any alter egos?

?The three characters are like an amalgamation of many people, particularly several friends of mine. Physically, I imagine Aristarchus as a friend, but his personality has a bit of mine, but also of several friends together. Chuy is based on a friend named Chuy precisely. But his personality is not exactly the same and some of the stories he tells are stories that friend told me, but they are worked and modified.

?Martina’s character is also based on some friends and even on some characters from comic series that I really like. They are an amalgam that I was working on. What took a little more work was separating the characters and giving each one their personality. Chuy and Aristarco suddenly seemed very similar to me and as the pages went by I began to find the personality of each one, and I began to distinguish them. But I think those two characters both have a bit of my own personality.?

Finally, Patricio, will you continue exploring this line of narrative fiction or what’s next?

?Yes, writing that novel for me was a very pleasant process, incredibly enriching. I could spend an hour talking about everything that happened to me. It was very magical. My beans are burning to start the next novel. I already have the story and the name. Right now I’m working on another project that is also narrative, but I’m not going to advance anything because I don’t want to spoil it. It’s a project with a very good cartoonist cartoonist friend to make a series of joint graphic novels. I would write and he would draw. After that I start the new novel and start the new volume of Mexico before being Mexico. I just finished the third volume and I’m starting with the fourth. There I am going to combine narrative with my history books, graphic novels and cartoons.?

?We can’t even go out to the corner, so I start working. There is no date or deadline to deliver anything. You have to give everything your time. For example, this novel took me about four years to come out: a year of writing, a year of resting, a year of proofreading, a year of editorial process. Volume III of Mexico before being Mexico I am about to deliver and that will come out this year. The others, as well as I finish, I will deliver them, but I don’t have any deadline at this time. I hope it’s quick.”

We would like to give thanks to the author of this article for this awesome material

94 was traumatic and marked a change of course for Mexico: Monero Patricio

[date_timestamp] => 1642294139 ) [9] => Array ( [title] => Tether Freezes Three Other Addresses Holding Over $150 Million in USDT ? DiarioBitcoin [link] => https://genesisblocknews.com/tether/tether-freezes-three-other-addresses-holding-over-150-million-in-usdt-diariobitcoin/ [dc] => Array ( [creator] => Eden Kently ) [pubdate] => Sat, 15 Jan 2022 17:50:32 +0000 [category] => TetheraddressesDiarioBitcoinFreezesholdingtetherUSDT [guid] => https://genesisblocknews.com/?p=3620 [description] => For Hannah Perez The company had already frozen funds to an address with a million dollars in USDT at the end of December. The reasons for the latest lockdowns are unknown. *** The issuing company of stablecoin USDT, Tether, has blocked three new addresses holding more than $150 million in funds. the news media CoinDesk ... Read more [content] => Array ( [encoded] =>
For Hannah Perez

The company had already frozen funds to an address with a million dollars in USDT at the end of December. The reasons for the latest lockdowns are unknown.

***

The issuing company of stablecoin USDT, Tether, has blocked three new addresses holding more than $150 million in funds. the news media CoinDesk reported, citing data provided by Etherscan Y Bloxy.

According to the report, Tether added three addresses Ethereum to their blacklist on Thursday this week. The function, called “Added Blacklist?, allows the company to freeze USDT funds deposited in addresses, disabling its users from moving the money.

One of the addresses has US$100,000,080 in USDT, another holds around US$59.9 million in the stablecoin and a third just under $10,000 in the same stablecoin. Total, the three addresses blocked by Tether They hold close to $160 million in USDT.

DIRECCIONES BLOQUEADAS TETHER min
Data of Bloxy show the latest addresses added to the Tether blacklist

The news comes a few days after the company froze funds from another email address. Ethereum. as reported DailyBitcoin. Tether had added an address with more than a million dollars in various cryptocurrencies to its blacklist. The action disabled nearly $1 million in USDT deposited at that address.

More than 500 addresses blocked since 2017

In neither of the last two cases Tether has indicated the reasons for which it has carried out the blocking of the accounts. It is also unknown who are the users or entities that own said addresses, as well as the origins of said millionaire funds.

At the beginning of January the news outlet The Block had contacted the company to inquire about blocking the address with more than one million funds in USDT. A spokesman for Tether responded at the time that the firm regularly works with regulators and law enforcement agencies around the world, including on any cases involving hacking and scams.

Director of Arcane Asset, Eric Wall, had already pointed out in 2020 that some reasons for the blacklisting of addresses and freezing of funds by Tether could be carried out as precautionary measures for possible associations with crimes or scams.

Being a centralized firm, Tether it has the ability to block funds from addresses that could be involved in criminal activities such as money laundering. During 2021 alone, the company added more than 300 addresses to its blacklist, of these, seven blocks were carried out in December. The figure rises to a total of 563 addresses Ethereum Blocked since 2017.

While other issuers of stablecoins centralized, such as USDC of Circle, they also have the ability to block funds involved in suspicious activities, this ability of some companies to monitor users’ private addresses has caused concern in the past. In fact, some argue that this capability undermines the decentralized nature of crypto.

If anything, these concerns may be working as a driver for decentralized stablecoins like DAI and TerraUSD (UST). In recent weeks, the stablecoin algorithm of Terra it has become the largest decentralized asset of its kind, reaching a capitalization of USD $28 billion. Although, despite this impulse, the stablecoins Centralized companies continue to dominate the market. USDT alone has a capitalization of more than $78 billion at press time.


Recommended reading


Article by Hannah Estefanía Pérez / DailyBitcoin

Unsplash Image

We would love to thank the author of this post for this awesome web content

Tether Freezes Three Other Addresses Holding Over $150 Million in USDT – DiarioBitcoin

) [summary] => For Hannah Perez The company had already frozen funds to an address with a million dollars in USDT at the end of December. The reasons for the latest lockdowns are unknown. *** The issuing company of stablecoin USDT, Tether, has blocked three new addresses holding more than $150 million in funds. the news media CoinDesk ... Read more [atom_content] =>
For Hannah Perez

The company had already frozen funds to an address with a million dollars in USDT at the end of December. The reasons for the latest lockdowns are unknown.

***

The issuing company of stablecoin USDT, Tether, has blocked three new addresses holding more than $150 million in funds. the news media CoinDesk reported, citing data provided by Etherscan Y Bloxy.

According to the report, Tether added three addresses Ethereum to their blacklist on Thursday this week. The function, called “Added Blacklist?, allows the company to freeze USDT funds deposited in addresses, disabling its users from moving the money.

One of the addresses has US$100,000,080 in USDT, another holds around US$59.9 million in the stablecoin and a third just under $10,000 in the same stablecoin. Total, the three addresses blocked by Tether They hold close to $160 million in USDT.

DIRECCIONES BLOQUEADAS TETHER min
Data of Bloxy show the latest addresses added to the Tether blacklist

The news comes a few days after the company froze funds from another email address. Ethereum. as reported DailyBitcoin. Tether had added an address with more than a million dollars in various cryptocurrencies to its blacklist. The action disabled nearly $1 million in USDT deposited at that address.

More than 500 addresses blocked since 2017

In neither of the last two cases Tether has indicated the reasons for which it has carried out the blocking of the accounts. It is also unknown who are the users or entities that own said addresses, as well as the origins of said millionaire funds.

At the beginning of January the news outlet The Block had contacted the company to inquire about blocking the address with more than one million funds in USDT. A spokesman for Tether responded at the time that the firm regularly works with regulators and law enforcement agencies around the world, including on any cases involving hacking and scams.

Director of Arcane Asset, Eric Wall, had already pointed out in 2020 that some reasons for the blacklisting of addresses and freezing of funds by Tether could be carried out as precautionary measures for possible associations with crimes or scams.

Being a centralized firm, Tether it has the ability to block funds from addresses that could be involved in criminal activities such as money laundering. During 2021 alone, the company added more than 300 addresses to its blacklist, of these, seven blocks were carried out in December. The figure rises to a total of 563 addresses Ethereum Blocked since 2017.

While other issuers of stablecoins centralized, such as USDC of Circle, they also have the ability to block funds involved in suspicious activities, this ability of some companies to monitor users’ private addresses has caused concern in the past. In fact, some argue that this capability undermines the decentralized nature of crypto.

If anything, these concerns may be working as a driver for decentralized stablecoins like DAI and TerraUSD (UST). In recent weeks, the stablecoin algorithm of Terra it has become the largest decentralized asset of its kind, reaching a capitalization of USD $28 billion. Although, despite this impulse, the stablecoins Centralized companies continue to dominate the market. USDT alone has a capitalization of more than $78 billion at press time.


Recommended reading


Article by Hannah Estefanía Pérez / DailyBitcoin

Unsplash Image

We would love to thank the author of this post for this awesome web content

Tether Freezes Three Other Addresses Holding Over $150 Million in USDT – DiarioBitcoin

[date_timestamp] => 1642269032 ) ) [channel] => Array ( [title] => Genesis Block News [link] => https://genesisblocknews.com [lastbuilddate] => Mon, 17 Jan 2022 16:52:54 +0000 [language] => en-US [sy] => Array ( [updateperiod] => hourly [updatefrequency] => 1 ) [generator] => https://wordpress.org/?v=5.8.3 [tagline] => ) [textinput] => Array ( ) [image] => Array ( ) [feed_type] => RSS [feed_version] => 2.0 [encoding] => ISO-8859-1 [_source_encoding] => [ERROR] => [WARNING] => [_CONTENT_CONSTRUCTS] => Array ( [0] => content [1] => summary [2] => info [3] => title [4] => tagline [5] => copyright ) [_KNOWN_ENCODINGS] => Array ( [0] => UTF-8 [1] => US-ASCII [2] => ISO-8859-1 ) [stack] => Array ( ) [inchannel] => [initem] => [incontent] => [intextinput] => [inimage] => [current_namespace] => [last_modified] => Mon, 17 Jan 2022 19:29:40 GMT [etag] => ykVGYI5u35TZWy2Q6OQ7lsxH+Rk )