cryptostrange

Multiple sources have reported that the Dash blockchain came to a standstill at block height 1,874,879 following an attempted upgrade to version 19 by the developers. As of now, data indicates that the most recent block verified on the network was over 16 hours ago.

Dash Network Upgrade Fails, Resulting in Block Production Halt, Cause Is Currently Unknown

On Monday, May 22, 2023, block production came to a halt, prompting Dash Core Group CTO Samuel Westrich to take to Twitter at 1:12 a.m. Eastern (ET) to address the issue. In his tweet, Westrich revealed that the Dash Core upgrade to version 19 had encountered a snag, causing the chain to stall and block production to cease.

“The chain is stalled and currently not producing blocks. We have everyone investigating the issue. I will continue with updates on Twitter as we have more information,” he wrote.

As of 4:30 p.m. (ET) on Monday, block production remains at a standstill. There are also indications that the upgrade may have caused a fork, resulting in two separate chains. For example, the blockchain explorer at dash.org reports that the last block mined was block height 1,874,879, which was mined by Viabtc. However, Blockchair’s explorer shows that block 1,874,880 was mined by Binance’s mining pool, suggesting that the chain may have bifurcated.

News of the block production glitch quickly spread across social media platforms like Twitter. Just days before on May 15, the official Dashpay Twitter account had urged all users of the Dash network to “update their software to accommodate the upcoming hard fork.” Close to five hours ago, the Dash Core developer by the name of Pasta said that the release of version 19.1.0 would address the issues at hand.

“This release should resolve the chain stall once a sufficient number of masternodes and miners have upgraded,” Pasta wrote. “Please be aware of the known issues listed in the release announcement. A reindex may be needed.” The tweet written by Pasta was published at 1:33 p.m. ET on Monday. A Twitter user by the name of Dash Memes responded to Pasta to thank the developers for the new release.

“Thank you for hard work pushing this out. I hope serious effort is put into the post-mortem to evaluate how this came to pass and what can be done to eliminate this risk for ever happening again,” the Twitter user replied. “Dash’s reputation has been seriously damaged today, the fix needs to be structural.”

#feedfeverchallenge #googleai #pepe #BTC #bitcoin

Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with 43,301 BTC, valued at $1.16 billion, leaving centralized trading platforms in the past month. A large number of major cryptocurrency exchanges have seen a significant outflow of bitcoin, according to data.

Exchanges Experience Crypto Exodus Despite Steady Market

As of May 21, 2023, centralized crypto exchanges held $57.29 billion worth of bitcoin, equivalent to 10.99% of the leading cryptocurrency’s market capitalization. However, since the collapse of FTX on November 5, 2022, a significant amount of BTC has been withdrawn from exchanges. Prior to this event, Cryptoquant data shows centralized trading platforms held 2.5 million bitcoin. In the past month alone, 43,301 BTC, valued at over $1.16 billion, have left these platforms.

Between April 21, 2023 and May 21, 2023, 43,301 BTC left exchanges.

According to data recorded by coinglass.com, Binance currently holds the largest bitcoin reserve, with a balance of 555,435 on Sunday evening. However, over the past 30 days, the exchange has experienced an outflow of approximately 10,102 BTC. Coinbase comes in second place with 486,630 bitcoin in reserves, and saw a modest increase of around 316 BTC in the past month. Bitfinex, the third largest exchange in terms of BTC holdings, also experienced a slight increase of around 339 BTC during the same period.

It’s worth mentioning that Binance and Bitfinex hold the top two spots for the largest bitcoin wallets, according to BTC’s rich list metrics. The rich list data reveals that the top ten wallet holders control 5.37% of BTC’s supply, with two of them being Binance-controlled wallets. In the past 30 days, Okx has seen 2,842 BTC leave its platform, and Gemini’s bitcoin reserve stash has lost 1,958 BTC. Kraken also experienced an outflow of 823 BTC in the past month.

In addition to bitcoin, Cryptoquant data shows centralized crypto trading platforms have also experienced a significant outflow of ethereum leaving their exchanges over the past month. Just 30 days ago, exchanges held 16.60 million ether, but today that number has decreased to around 16.26 million. This means that approximately 340,000 ether, valued at $613.71 million, has left exchanges in the last month alone. When combined with the outflow of bitcoin, $1.77 billion of the top two digital assets has left these platforms.

#feedfeverchallenge #binancepizza #googleai #dyor #BTC

Did you know that May 22nd holds more significance than just an ordinary day? It is a day known as Bitcoin Pizza Day, which commemorates a remarkable event that changed the course of cryptocurrencies. Join me as we explore the fascinating tale behind this celebration and savor its delicious details!

In the early days of 2010, when Bitcoin was still a budding concept, a programmer named Laszlo Hanyecz made a groundbreaking choice. He became renowned for exchanging an astonishing 10,000 bitcoins for two Papa John's pizzas. Although it may have seemed like an ordinary transaction at the time, it turned out to be a pivotal moment in the history of Bitcoin and the entire crypto world. Reflect upon this: those 10,000 bitcoins, which were worth a mere few cents back then, would be valued at millions of dollars today! This event holds significance because it showcased the real-world potential of cryptocurrencies as a means of exchange. It demonstrated how a once-niche concept could evolve into a globally recognized and highly valued asset.

Beyond the jaw-dropping appreciation of Bitcoin's value, Bitcoin Pizza Day symbolizes the progress and adoption of cryptocurrencies. It serves as a reminder of the early days when only a few tech-savvy individuals grasped the true potential of this groundbreaking technology. Fast forward to today, and we witness crypto gaining acceptance in mainstream circles, with prominent companies, exchanges, and financial institutions embracing its transformative power.

Celebrating Bitcoin Pizza Day extends beyond indulging in the pleasure of cheesy goodness or reminiscing about a significant moment in history. It entails acknowledging the incredible advancements made by cryptocurrencies and their impact on our world. From serving as an alternative form of payment to revolutionizing cross-border transactions, Bitcoin and its successors have disrupted traditional financial systems. As Bitget celebrates with exciting events that reward users participating from now till May 21st, let's recognize this special day as an opportunity to appreciate the journey of Bitcoin and the wider crypto landscape. Let's raise a toast to the visionary pioneers who recognized the potential in this groundbreaking technology. And let's envision a future where cryptocurrencies seamlessly integrate into our daily lives.

So, fellow crypto enthusiasts, on this special day, let's raise our digital wallets and toast to Bitcoin Pizza Day—the most delectable milestone in the history of cryptocurrencies! 🍕🚀

#binancepizza #feedfeverchallenge #BTC #dyor #googleai

While blockchain and cryptocurrencies may transcend borders, the regulatory framework varies hugely from country to country and what is permitted in one jurisdiction may be prohibited in another.

Dusk Network is dedicated to enabling secure, compliant, and scalable decentralized finance and facilitating the tokenization of securities and other financial instruments. While our focus has largely been on Europe due to its significance for our target audience and the impact of the upcoming MiCA regulations on the blockchain industry in the region, we are actively monitoring and staying up to date with evolving global regulations dealing with blockchain. Ryan King, Head of Business Development, wrote extensively about MiCA in this 5-part series (click here for part one) if you would like a deep-dive into what’s going on in the EU.

Though the US typically dominates the news, different countries have different needs and situations and as such are responding to cryptocurrencies and blockchain in different ways, with some making steps towards adopting the technology, others creating business-friendly environments with taxes, and others being HODLers themselves.

#feedfeverchallenge #BTC #dyor #crypto2023 #eucryptotaxplans

في حين أن blockchain والعملات المشفرة قد تتجاوز الحدود، فإن الإطار التنظيمي يختلف بشكل كبير من بلد إلى آخر، وما هو مسموح به في ولاية قضائية واحدة قد يكون محظورًا في ولاية قضائية أخرى.

تكرس Dusk Network جهودها لتمكين التمويل اللامركزي الآمن والمتوافق والقابل للتطوير وتسهيل ترميز الأوراق المالية والأدوات المالية الأخرى. في حين أن تركيزنا كان ينصب إلى حد كبير على أوروبا نظرًا لأهميتها بالنسبة لجمهورنا المستهدف وتأثير لوائح MiCA القادمة على صناعة blockchain في المنطقة، فإننا نراقب بنشاط ونواكب اللوائح العالمية المتطورة التي تتعامل مع blockchain. كتب رايان كينج، رئيس تطوير الأعمال، بشكل موسع عن MiCA في هذه السلسلة المكونة من 5 أجزاء (انقر هنا للحصول على الجزء الأول) إذا كنت ترغب في التعمق في ما يحدث في الاتحاد الأوروبي.

Even while facing the wrath of the US government, regulators, and mainstream press, Bitcoin and crypto continue to hold strongly.

Mainstream Press Down On Crypto: Hardly a day goes by when yet another article appears in the mainstream press heralding such and such a misdemeanor in the crypto sector. Whether it be that Bitcoin uses more energy than this or that country or another crypto exchange is sent a notice informing it of impending litigation from the SEC.

Everything appears designed to malign the crypto industry and make it seem that it is all a den of thieves and brigands. Perhaps the strategy is that while the public is fed such ideas by the mainstream press, this can help to take the focus off of what is happening in the banking industry.

Banking Sector Dead In The Water It would seem a decent strategy considering the widespread decay to be found in the banking sector. Many banks are underwater after buying long-term bonds when the interest rate was at zero percent. Now the US is looking at 5.25% these banks are severely in debt.

Regulators allowed these banks to not have to mark to market these losses and so that is why many banks are where they are today. If such goings on were happening in crypto it can be assured that a full account would be plastered across the mainstream press.

It is no longer a mystery as to why the Biden administration is pursuing the crypto industry with such fervor. With the banks under such extreme duress, there is the chance that the public starts to get wise and begins to put part of its wealth into Bitcoin. Bitcoin Is The Logical Play Once it's known that you cannot get wealthy on dollars (or any other fiat currency) and that inflation and money printing is stripping away purchasing power, a move into sound monies such as gold, silver, and Bitcoin is the most logical step.

Bitcoin has started the week well and is up 1.75% at the time of going to press. There may be downside still to come but if Bitcoin can stay above the $25,000 support level another surge upwards could be on the cards. The weekly Stochastic RSI is on the way down and when it gets to the bottom and turns up, the momentum would likely give a strong impetus to price. The rest of the cryptocurrency market is also in the green for the start of the week. Some cryptocurrencies have already seen a resetting of the RSIs so perhaps some breakouts could happen over the next few days.

#feedfeverchallenge #BTC #dyor #crypto2023 #eucryptotaxplans

أفادت تقارير أن مشروع Worldcoin التابع للرئيس التنفيذي لشركة OpenAI سام ألتمان حصل على تمويل جديد بقيمة 100 مليون دولار. Worldcoin هي العملة المشفرة التي يخطط ألتمان لإطلاقها والتي تعتمد على مسح القزحية.

كما أطلقت Worldcoin أيضًا محفظة تشفير جديدة الشهر الماضي تسمى World App.

تم تأمين تمويل بقيمة 100 مليون دولار أمريكي إن تأمين 100 مليون دولار أمريكي من التمويل من قبل ألتمان قبل إطلاق وورلد كوين ليس بالأمر الهين، نظرًا لأنه يأتي في وقت اختباري في أسواق العملات المشفرة. يعتقد الكثيرون أن تأمين مثل هذا التمويل الضخم يعد إنجازًا في حد ذاته، نظرًا لظروف السوق السائدة.

DISCUSSION

So I was sending some Bitcoin and the fee was 7$, much higher than the usual 1$, i set the fee to 3$ and thought it’d be fine. It's been multiple days now, and it hasn’t transferred.

And looking at the bitcoin average fee now, it's upwards of about 30$ which is insane

I heard that there’s something going on right now that's taking up all the network thus causing the very high average fees.

I was wondering though, if you all want crypto to become the standard currency worldwide as the dominating one, then how will all the traffic that would bring not cause the same, or worse network traffic of now and cause insanely high fees that will end up making it worse than normal currency?

Also, I know there are cryptos with no fees and are near instant, but why didn’t those become the norm / most popular, and instead bitcoin is?

Curious about your thoughts. I'm quite a newbie on this so I’m not sure if this all is a stupid question.

#feedfeverchallenge #crypto2023 #dyor #BTC #eucryptotaxplans