Understanding finality in blockchain Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions. In conventional financial systems, once a transaction is confirmed, it cannot be undone. Similarly, attaining finality on a blockchain network ensures that a transaction is permanent and cannot be modified after it has been added to the blockchain. For the…
The price of Ethereum’s native token, Ether (ETH), has gained around 35% so far in 2023. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times. ETH/USD daily price chart. Source: TradingView Let’s take a closer looks at the three likely reasons why Ethereum price has failed to decisively retake $2,000 since…
The so-called Endgame Plan is evolving quickly–and weirdly–over at Maker. Now, after adding vanilla t-bills and accounts payable to the blockchain, a new proposal is looking to add tokenized uranium. “Our goal is to democratize ownership of uranium by providing stability value, and easier access to exposure to a commodity that is growing in importance,” reads the proposal penned by…
The adage that time in the market beats timing the market is more relevant than ever. According to an analysis by crypto research company Ecoinometrics, the difference in monthly returns between bulls and bears is negligent–meaning you’re better off placing your bets on Bitcoin and Ethereum whenever it works best for you. Bitcoin and Ethereum have been quite similar in…
The trial of former FTX CEO Sam Bankman-Fried started on Oct. 3. Four witnesses explained to jurors how $8 billion in customer funds went missing. Source: https://cointelegraph.com/public/index.php/news/sam-bankman-fried-ftx-goes-on-trial-week-review
The concept of long and short positions The long and short positions represent opposite strategies that investors and traders use to speculate on the price movements of assets under consideration. The idea of long and short positions is still applicable to traditional financial markets in the realm of cryptocurrencies. In order to profit from a cryptocurrency’s price increase, a long…
For just .03 Ethereum (about $50), you can buy a photo of a coffin in front of the famed Centre Pompidou. For another .03 ETH, you can buy a picture of that coffin in flames. “The coffin symbolizes what this period has been, which is why it was symbolically burned to represent, through this funereal gesture, the death of contemporary…
Two senior Republican members of the United States House of Representatives on Friday, Oct. 6, urged the Biden administration to strengthen the enforcement of export controls concerning the transfer of advanced computing chips and the associated manufacturing tools to China. In correspondence addressed to National Security Adviser Jake Sullivan, Representatives Michael McCaul and Mike Gallagher, who hold leadership positions in…
The trial of former FTX CEO Sam Bankman-Fried started on Oct. 3. Four witnesses explained to jurors how $8 billion in customer funds went missing. Source: https://cointelegraph.com/app/public/index.php/news/sam-bankman-fried-ftx-goes-on-trial-week-review
Elon Musk, the proprietor of the renowned social media platform X (formerly known as Twitter) has faced criticism for suspending an XRP-related X account. Crypto Eri, a well-known figure in the cryptocurrency community, directly reached out to Elon Musk on the X platform, seeking clarification on whether the account suspension was an error. The account in focus, bearing the username…
