Crypto Currency

Sent a transaction with memo error ? Or mistaken send errors? : Transaction E rrors | M emo E rror | Cryptocurrency The irreversible nature of blockchain transactions and cryptocurrency are certainly its greatest strength but somehow in the worst time when errors arise crypto’s greatest weakness. Personally I’m a veteran with sending and receiving cryptocurrency, I’ve sent and received thousands of transactions. However as seasoned and educated as anyone could be I’ve had the misfortune twice in the past three months. Recovery efforts seemingly are like escaping the gravitational forces of a black hole 🕳 my biggest crypto mistake was a defi send accident of nearly 14 ETH. https://etherscan.io/token/0x3a3A65aAb0dd2A17E3F1947bA16138cd37d08c04?a=0x0449a76c81c28ea0602ae944481f927e2cdc6da0 Currently fingers crossed 🤞 on this one enduring the 15 business day resolution only for coinbase to request an additional 20 business days. Then arbitration on the grounds of no longer desiring them to

Ethereum Could Overtake Bitcoin Through DeFi, Lower GAS Prices: Bitcoin's Countermoves : | Defi | Ethereum 2.0 | Lowering Gas Fees | Bitcoin | Ethereum has always been the silver medal to Bitcoin's gold standard in the cryptocurrency space/industry. However, ETH could soon pull even with Bitcoin in the race to long term dominance. ERC-20 Tokens being used for gaming purposes and DeFi projects are boosting the practical use value of Ethereum. Ethereum is up 105% on the US Dollar from where it was 365 days ago, according to Coinbase pricing.  However, the mere price to buy a token/coin is not everything. Bitcoin is above $10,000 and Ethereum is only $370 but ETH has more use cases coming in the short term, and more projects working towards long term sustainability. Also, the number of bitcoin tokens "wrapped" into Ethereum has more than doubled since July. Bitcoin is 'wrapped' into Ethereum blockchain projects using a number of Ethereum-based tokens. Wrapping bi

  The Road to Ethereum 2.0 Crypto : | Ethereum 2.0 | ETH 2.0 | Cryptocurrency | Roadmap | Over the past multiple years perhaps the biggest thing everyone in the Ethereum community (and even the wider crypto community) has been looking forward to is Ethereum 2.0. The long-awaited upgrade to the Ethereum chain brings along many much-needed improvements as well as some controversial changes. But why has it taken this long and when will it be released? Is it worth the wait or is Ethereum already too late?   Understanding the idea behind Eth 2.0 Ethereum 2.0 has a few major changes that make it clearly different than Eth 1.x. It moves to a new POS consensus mechanism vs the current POW consensus, there are many reasons for this, from wishing to reduce power usage as staking nodes use much less energy than mining, to the increased efficiency of POS compared to POW and possibly even just to give additional utility to Ether. Another major change is the introduction of sidechains, essentially a

  Transaction Fees on the Network Are Blowing : Frightening Development In Ethereum Network: Criminal Detected Trading on the Ethereum network has never been this expensive. According to data transferred by blockchain analytics firm Glassnode, transaction fees on the ETH network broke a record, and a  $ 7 million transaction fee was paid within 24 hours on Thursday.  Of course, all of this goes to miners, and miners' income is constantly increasing. So what is the danger of this situation? Transaction Fees on the Network Are Blowing ​It is thought that one of the main reasons for the increase in transaction fees in the Ethereum network, especially since 2020, is decentralized finance (DeFi) applications. Thousands and even millions of people using DeFi applications are clogging the network by making continuous transactions. This situation puts more strain on Ethereum, which is already suffering from scalability problems. In addition to decentralized cryptocurrency exchanges such as

 Crypto Investors Own Percent of NY Bank Deposits : Photo by  Quintin Gellar  from  Pexels While most banks are still steering clear of   Bitcoin , Metropolitan Commercial Bank seems to have embarked on the road less traveled. A commercial bank based in New York, Metropolitan recently shared the fact that cryptocurrency investors and clients make more than 15 percent of their deposit transactions. Metropolitan plans to keep moving in this direction by continuing its support for digital asset traders. According to Metropolitan bank’s CTO,   Nick Rosenberg , the bank has come to understand that cryptocurrency is a “serious industry” with “very interesting ideas coming out that could really change the way people do business.” Moreover, the Director of New Products Kyle Hingher has stated that Metropolitan envisions its future as being one of the prominent banks in the cryptocurrency industry. Could this be the beginning of a   rapidly evolving trend   among banks? Embracing the cryptocurr

  Crypto News Daily, August, 14th🗞 Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi; Ethereum Hits 2-Year High, ETH Fees at All-Time High, Bitcoin Dominance Slips; Is Chainlink Poised for a Sell Off After Reaching New ATH? ; How DeFi ‘Degens’ Are Gaming Ethereum’s Money Legos; Four of the Top Five South Korean Banks to Offer Crypto Services ; 🗞 Daily Crypto Calendar, August, 14th 💰 Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy! 🗞 Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi The spot bitcoin market was fairly dull Thursday. That doesn’t mean it’s not moving: Holders of the cryptocurrency are increasingly plowing it into decentralized finance. Bitcoin (BTC) trading around $11,543 as of 20:00 UTC (4 p.m. ET). Slipping 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $11,274-$11,661 BTC slightly above its 10-day and 50-day moving averages, a bullish to sideways signal for market technicians. However, the sta

Photo by Dmitry Demidko on Unsplash Satoshi Nakamoto: Interesting Facts you Need to Know: Satoshi Nakamoto is the creator of Bitcoin and therefore of all cryptocurrencies. Bitcoin was the first cryptocurrency and after that many more appeared in the crypto space. Yet, Satoshi identity remains a mystery until that day, and there is a high possibility that we will never learn for sure who created Bitcoin. Used to be very active on  BitcoinTalk.org  in the early days of Bitcoin, , before disappearing in 2011. Inevitably there are some very cool facts about Satoshi who started the multi-billion dollar industry of cryptocurrencies, that you probably don't know. Interesting Facts you Need to Know about Satoshi Nakamoto:  Satoshi Nakamoto is a pseudonym Despite many people have come forward and admitted that they are Satoshi Nakamoto, there is no evidence who could be behind that pseudonym. It could be a man, a woman, a group of people, many possibilites. There are e