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Showing posts from August, 2024

Can a transaction that has been signed and broadcast to the mempool be intercepted if it uses the sighash NONE|ANYONECANPAY?

Example: Alice creates a PSBT and signs her input using the SIGHASH_NONE | SIGHASH_ANYONECANPAY flag. She then passes this transaction to Bob. Bob adds his own input and output and signs them with the SIGHASH_ALL flag. Question: Is it correct to say that John or any other participant in the network could intercept this transaction in the mempool and use Alice’s input for their own purposes? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/I2VnPo3 via IFTTT

Is Ethereum Price In A Bullish Trend? Analyst Offers Supportive Evidence

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The Ethereum price has been on a seesaw motion in the past few weeks, oscillating between the $2,500 and $2,750 zone. The altcoin struggled to make a mark in the past week, as its value fell to as low as $2,400 at some point. While the price performance of the Ether token has been uninspiring in recent months, an analyst has put forward an argument to support the position that the second-largest cryptocurrency might still be in a bullish trend.  Here’s Why The ETH Price Never Stopped Being Bullish In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon made an interesting claim about the Ethereum price. According to the pundit, the price of the Ether token is still in a bullish trend despite its sustained decline over the past few months. The rationale behind this claim is that ETH’s price has managed to stay above its realized price, which is currently acting as a crucial on-chain support. For context, the realized price of a cryptocurrency

Crypto Losses Fall To A Record Low Of $15 Million In August – Details

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In August 2024, the crypto ecosystem has experienced its least monthly losses of the year. However, this development which can be quite encouraging for potential investors is accompanied by increasing year-to-date (YTD) losses which indicate the nascent industry may record more losses to bad actors in 2024 than in the previous year. August Sees Lowest Crypto Losses For 2024 According to blockchain security firm Immunefi , the digital asset industry recorded in August its lowest monthly losses of the year with only $15.1 million to hacks and fraud. This development indicates a significant 38% decrease from August 2033 which experienced losses of about $24.6 million and a stunning 94.5% drop from the figures recorded in July 2024. Interestingly, all $15.1 million were lost to five hacks with no fraud incident reported. In addition, Ethereum and BNB Chain were the most targeted networks in August, accounting for the entirety of these losses.  Furthermore, Immuefi reported that the hac

Render Holds Key Support After 29% Drop, Analyst Targets $12

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Render (RENDER) is currently trading above a crucial support level following a substantial 29% decline from its recent highs. Amidst widespread market selling pressure, Render’s ability to maintain this technical level could set the stage for a significant price surge in the coming weeks. As the broader market experiences turbulence, Render stands out for its resilience at this pivotal point. Analysts and traders are closely monitoring the situation, with one chart expert offering a bold prediction for the altcoin trajectory over the next few months. If the support level holds firm, the price could see an aggressive upward movement, making it a critical asset to watch for potential gains. Render Looks Past $11  As the market undergoes another correction since its highs in March, traders and investors are adjusting their positions for the upcoming months, with many optimistic about Render’s potential. Amidst this market volatility, it has captured significant attention due to its per

Ethereum Faces Inflationary Pressure: Has the Ultra Sound Money Era Ended?

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Ethereum (ETH) which is addressed as ultra-sound money due to its deflationary supply method, now appears to be facing new challenges that have prompted some analysts to question whether this narrative still holds. A prominent crypto analyst, Thor Hartvigsen, recently highlighted this issue in a detailed post on X, where he discussed the current state of Ethereum’s fee generation and supply dynamics. Is ETH No longer Ultra-Sound money? Hartvigsen pointed out that August 2024 is “on track to be the worst month in terms of fees generated on the Ethereum mainnet since early 2020.” This decline is largely attributed to the introduction of blobs in March, which allowed Layer 2 (L2) solutions to bypass paying significant fees to Ethereum and ETH holders. As a result, much of the activity has shifted from the mainnet to these layer two (L2) solutions, with most of the value being captured at the execution layer by the L2s themselves. Consequently, Ethereum has become net inflationary,

Crypto Hackers Stole 15.5% More In 2024 Compared To Same Period In 2023: Immunefi Report

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According to a report by Immunefi, crypto hackers have stolen over $1.2 billion in digital assets from January to August 2024, marking a 15.5% increase compared to the same period in 2023. Seesawing Trend In 2024 For Crypto Hacks As the crypto industry matures, malicious actors within the ecosystem are becoming increasingly sophisticated in swindling user funds. The latest report by Immunefi reveals that more than $1.2 billion worth of digital assets were lost to hacks and rug pulls in 2024 year-to-date (YTD) across 154 specific incidents. Compared to January to August 2023, when the total value of funds lost to hacks and rug pulls was slightly more than $1.04 billion, the industry witnessed a 15.5% surge in funds lost to crypto hacks during the same period in 2024. However, looking at month-over-month (MoM) data reveals that August 2024 experienced the lowest losses YTD, with $15 million lost to hacks and fraud across five specific incidents. Compared to July 2024 which saw over

How do you decide who to open lightning channels with?

I want to run my own lightning node but can’t figure out who I should be opening channels to or how much liquidity I might need. How do you go through this decision making process? What criteria do you use to evaluate potential channel partners? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/qjbMPDV via IFTTT

Crypto Scammers Ditch ‘Elaborate’ Schemes In Favor Of Short-Term Scams – Report

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A recent Chainalysis report revealed that crypto scammers have updated their scheme tactics on- and off-chain in 2024. Criminals have leaned toward short-term, more lucrative scrams targeting smaller entities and specific individuals, significantly reducing scams’ average lifespan by over 50% since 2023. Crypto Scamming Landscape Shifts In 2024 On Thursday, Chainalysis’ 2024 Crypto Crime Mid-Year Update revealed that scammers have significantly changed the strategies for their crime campaigns. Per the report, scams related to digital assets have continued to grow this year with several billion in inflows, becoming one of the largest sectors with illicit activity year-to-date (YTD). In 2024, the scammers have rapidly evolved their on-chain footprint and off-chain tools to take advantage of investors. Their recent activity revealed that crypto-related criminals are pivoting toward “more devastating scams of shorter duration” to reduce the chances of being busted. To achieve this, s

Binance CEO Denies Allegations Of Mass Freezing Palestinian Crypto Assets

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Crypto exchange Binance has been in the spotlight after online reports claimed the platform had mass frozen the crypto assets of all Palestinian wallets. The news raised concerns among users and the crypto community, who criticized the alleged move. Amid the backlash, the exchange’s CEO, Richard Teng, has denied the allegations, claiming the story is not factual. Binance Accused Of Mass Freezing Palestinian Funds Earlier this week, online reports alleged that Binance, the largest exchange by trading volume, had mass-frozen the assets of its Palestinian users. The report, made by Noones CEO and Paxful co-founder Ray Youssef, stated that the exchange has “seized all funds from all Palestinians” as per the request of the Israel Defense Forces (IDF). According to the CEO, the information came from “several sources. ” He also claimed that all appeals to retrieve the funds are being denied. To him, Binance’s actions suggest that users from Syria and Lebanon could be affected next. Mo

Bitcoin Bears Dominate On Binance, Why Is Funding Rate Positive?

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Bitcoin is steady at press time but is under immense selling pressure after the liquidation of August 27. Technically, there is a tinge of weakness. However, this preview will shift when BTC bulls push prices above the immediate resistance at $66,000. This reaction point marks August 23 highs, and a subsequent leg up will confirm the uptick of August 8. Binance Traders Are Net Bearish Before then, traders were cautiously optimistic, acknowledging Bitcoin’s fragile nature and historical volatility. Despite prices stabilizing at spot rates, one analyst on X notes that traders on Binance, the largest exchange by client count, are primarily bearish. Based on the analyst’s assessment, more traders are not placing shorts, a net bearish development for the world’s most valuable coin. As more retailers place bearish bets, the coin could carve in, confirming August 24’s losses. The shift in sentiment, favoring sellers, happens when most traders are neutral on the coin. According to the C

Terraform Labs Sets Crucial October 30 Deadline For Terra Classic Users

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Terraform Labs (TFL), the foundational entity behind the once-prominent ecosystem, has issued a significant alert for users of its Terra Classic platform. This comes in the wake of the historic collapse of its algorithmic stablecoin UST and its companion cryptocurrency LUNA, which precipitated a market implosion wiping out around $40 billion in value last year. Currently embroiled in chapter 11 bankruptcy proceedings, the company continues to manage fallout and transition plans, including significant system updates and asset management protocols. Terra Classic Users: Mark This Date In Your Calendars Today, August 28, Terraform Labs announced the reopening of the Shuttle Bridge interface. This platform is crucial for users who hold wrapped versions of LUNC (Luna Classic) and USTC (TerraUSD Classic), facilitating their transfer between the blockchain and other prominent blockchains such as Ethereum, BNB Chain (BSC), and Harmony. The announcement detailed the operational window for

can i extract internal key given tweaked-pubkey and tweak?

Tweaking an "internal" public_key into a "tweaked" public key, using bip341 for key spend with taproot, seems to make it impossible to extract the internal key, even when knowing the tweak. Application is trying to identify a Nostr id from a taproot address. Even when the taproot is spent, this is still not possible, as the tweaked pubkey can't be mapped to an untweaked (nostr) pubkey. This can only be done by getting a list of NostrIds and generating the TapTweak bip341 addresses and doing a lookup. Am I missing something? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/6KtwlQ3 via IFTTT

Solana Dominates NFTs: But When Will SOL Breach $190?

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Solana remains the fourth largest blockchain platform, excluding USDT, which is third in the market cap. Over the past year or so, SOL, the native token of the modern network, has been on a tear, outperforming even Bitcoin. This expansion is despite Bitcoin racing to print all-time highs. While optimism is high, the crypto market is generally cooling off, and there are concerns that the next wave confirming those of Q1 2024 could be delayed. However, as crypto analysts keep watch of politics and other factors, Solana is picking up momentum. Solana Attracts More NFT Users Than Ethereum, Polygon Based on recent on-chain activity, the latest data shows that Solana is the king of NFTs, especially in terms of the number of minted items. When writing, Solana dominates with a 35% market share, nearly double that of Ethereum at 16%. According to NFT Pulse , Solana drew 8,400 users in the past day. Meanwhile, others choose Polygon, the Ethereum sidechain, as their preferred platform. There

Spot Bitcoin ETFs Surges With Massive Inflows, Will This Trigger A Price Spike?

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Both institutional and retail investors of the Spot Bitcoin Exchange-Traded Funds (ETFs) are beginning to bet big on BTC as the products have witnessed a notable surge in inflows, implying that investors are highly interested and confident in the potential of the digital asset in the long term. A Substantial Inflows Into Spot Bitcoin ETFs According to data from London-based investment management company Farside Investors shared by Micheal Van De Poppe, a crypto expert and Chief Information Officer (CIO) of MN Consultancy, the spot Bitcoin ETFs have increased drastically in the past day. On Monday, Van De Poppe pointed out that the exchange funds experienced a whopping $202 million in net positive inflows. This is a significant increase in net inflows compared to last Monday’s inflows worth $62.1 million, indicating rising adoption of the products among investors daily. The net inflows recorded just yesterday is nearly 50% of the overall net inflows witnessed through the entire

Bitcoin Power Play: Trump-Endorsed Effort Takes Aim At China’s BTC Mining Supremacy

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For years, the Beijing-based company Bitmain Technologies has dominated the Bitcoin mining business, controlling an estimated 90% of the global market for the specialized computers used to power the cryptocurrency’s decentralized network.  But now, Bloomberg reports that Bitmain’s reign is facing an “unprecedented threat” as rising political tensions and the prospect of a Donald Trump presidential comeback threaten to upend its stranglehold on the industry. Shake-Up In US Bitcoin Mining Landscape During his first term, Trump, a self-proclaimed crypto skeptic, has changed his heart. Now, the former president calls for Bitcoin to be “mined, minted and made” in the United States while also hinting at creating a Bitcoin Reserve for the country, casting Bitmain’s dominance as a national security risk.  This rhetoric, coupled with growing concerns that Bitmain’s equipment could be used for alleged espionage, has opened the door for Bitmain’s emerging rivals to make significant progress

Tonchain And TON Woes Getting Started? Liquidity Provider Just Sold All Coins

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TON, the native currency of Toncoin, a blockchain network, is under immense selling pressure. Despite maintaining its spot in the top 10, the recent dump has sowed doubts and widened cracks in an otherwise solid uptrend. TON Is Down, Liquidity Provider Sells According to CoinMarketCap , TON is down nearly 18% in the past trading week but stable on the last day. However, the coin is firm over the last six months. A glance at the TON daily chart shows that it is up nearly 200% and maintains an uptrend. If there is an extension of August 24 losses, TON might fall and retest the immediate support level marking July lows at around $4.8. Even so, further losses could trigger panic selling among holders, fueling another wave of selling pressure. In turn, this will confirm the losses over the weekend. On August 26, Lookonchain analysts noted that one large liquidity provider (LP) exited the market, selling over 350,000 TON worth $1.98 million. Interestingly, the LP chose to sell in bulk

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

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Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “ Fear & Greed Index ” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of Bitcoin and other large cryptocurrencies. The metric uses data from five factors to determine the net market mentality: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. The index uses a scale from zero to a hundred to represent this sentiment. All values above the 53 mark correspond to the presence of greed among the investors, while those below 47 imply fear in the market. Naturally, values between these two cutoffs suggest a net-neutral mentality. Now, here is what the Bitcoin Fear & Greed Index is looking like right now: As is visible above, the indicator has a value of 55, meaning that the investo

XRP Price Forms Largest Bull Flag In History With 2,566% Forecast To $16

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The XRP price, despite struggling over the last few years due to the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) , continues to enjoy a lot of support from the community. This has materialized in the form of countless bullish predictions that the altcoin will rally and regain its lost glory. The latest of these comes from the 3T Warrior Trading Academy account on X, predicting double-digit values for the altcoin. Largest Bull Flag In Crypto History In the post on the X (formerly Twitter) platform, the analysis points out a notable formation on the XRP price chart . This triangle formation which began in 2017 seems to point to a bull flag. However, this is not just any bull flag as the analyst believes that this could potentially be the largest bull flag in crypto history, likely attributed to how long the formation has been building. They point out that this is not the first time that the XRP price could be looking at a large jump. For exa

Shiba Inu Reveals Plans To Establish Its Own DAO

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In a post on X from August 25, Shiba Inu (SHIB) has announced its intention to establish a decentralized autonomous organization (DAO). The announcement was detailed by Shiba Inu’s marketing lead, Lucie (@LucieSHIB). The Vision For A Shiba Inu DAO Lucie emphasized that Shiba Inu currently stands as the 13th largest cryptocurrency by market capitalization, a testament to its dramatic rise since its inception in 2020 by the enigmatic founder known only as Ryoshi. Initially conceived as a token without a predefined purpose, Shib was designed to explore the possibilities of a fully community-driven cryptocurrency. Ryoshi ‘s relinquishing of control by burning the keys to the token’s supply marked a pivotal moment, entrusting the project to Shytoshi Kusama and a team of volunteers. Under Kusama’s leadership, Shib has transcended its origins as an experimental token to become a globally recognized digital asset. The upcoming transition to a DAO model aims to further empower its communit

Trouble with initial blockchain download for setting up full node

I am keen on setting up a full node to support the bitcoin network, however I am experiencing problems after initial setup when downloading the blockchain. My PC specs are 3.2GHz CPU, 2x8GB DDR4 2133mhz RAM, 3.25TB of SSD + HDDs & Radeon R480 GPU All of my hardware seems to be fine, but after running memtest86 multiple times with different combinations of RAM seated in all the different seats etc, ive realised that one of my 8GB sticks is failing. For whatever reason, my current setup seems unable to get through the full download without failing and requiring me to start over. I restarted the blockchani download process with just one of my sticks of RAM seated, and its been stuck after about 72 straight hours of downloading (however the process isnt autofailing and closing the client anymore, like it was when i tried with both sticks of RAM seated. I am wondering if there is any less resource intensive way to download a current copy of the blockchain without doing it directly th

Shiba Inu Whales Are Quietly Accumulating SHIB – Can This Send Price To $.0.00005?

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Shiba Inu (SHIB) has experienced a period of relative calm in recent days , characterized by low price volatility leading up to a 6% increase in the last 24 hours. The phase has been mostly characterized by low price volatility despite huge movements on-chain. Interestingly, it seems the trend has sparked an increase in SHIB accumulation among some large holders. As such, the accumulation has sparked theories of the return of a bullish upside for SHIB, which could mimic a rally witnessed in February.  Shiba Inu (SHIB) has recently been defined by significant whale transactions, underscoring the heightened activity among large holders . A prime example is the recent withdrawal of $1 million worth of SHIB from the crypto exchange Robinhood by the prominent market maker Wintermute. Shiba Inu: Strategically Transferred According to on-chain data from Arkham Intelligence, these tokens were not simply held but were strategically transferred among various leading crypto exchanges.  In a

Pending btc transaction in my lockswallet.oi

I have recently requested a withdrawl from my lockswallet.oi transaction has been pending for 5 days unconfirmed who can i contact to help with this as the support team from the wallet have not been any help at all. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/hO6DqBQ via IFTTT

Solana Major Breakout Looms As SOL Sets Sights On $164 Level

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Solana has recently demonstrated impressive upward momentum, with its price rising steadily and now setting its sights on the $164 mark. As the cryptocurrency approaches this key resistance level, the focus now shifts to whether this bullish trend will lead to a significant breakthrough or face resistance.  This article aims to provide a comprehensive technical analysis of Solana’s current price movement, focusing on its approach to the $164 resistance level. The goal is to assess whether the cryptocurrency’s bullish momentum can drive it through this key threshold, exploring potential scenarios for a major breakout or possible obstacles that could hinder further gains. Over the past 24 hours, SOL’s price has increased by more than 5%, reaching approximately $154. During this period, the cryptocurrency’s market capitalization has surpassed $71 billion, and its trading volume has exceeded $2 billion. The market cap has risen by 5.85%, while trading volume has surged by 96,25%, indica

Is it safe to use a private key for an existing singlesig wallet as one of the keys for a new multisig wallet?

I am new to hardware wallets and self-custody so apologies if I am mixing things up or trying to do something wrong here. I got a Blockstream Jade and playing around with air-gapped keys and wallets on Nunchuk. I created a new wallet on the Jade and setup a singlesig wallet on Nunchuk with that key, let's call it Key #1. Did some air-gapped transactions, all good. I want to setup a 2of2 multisig wallet on Nunchuk now. Can I create just one new wallet/private key on Jade, call it Key #2, and use the two keys I have as the two keys for the multisig? I guess two questions here: Will the singlesig wallet with Key #1 still function totally normally and independently? Is this unsafe to do? Both keys are mine and I don't plan to use the original singlesig wallet - it was just for testing. I could just create two new keys for the multisig but it got me thinking - isn't a recovery phrase/private key the same thing as a wallet? So if you create n keys for a multisig each

Will Bitcoin Rhyme With 2020 Events And Explode 5X By December?

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Bitcoin traders might be upbeat about what lies ahead. However, looking at the daily chart, the world’s most valuable coin is struggling for momentum. BTC prices are inside a narrow range, with support at around $56,000 on the lower end and a stubborn liquidation level at $63,000. Even though the uptrend remains, at least considering the state of price action in the past few trading days, conservative and risk-on traders are now on the sidelines. It is only when there is a clear trend definition, either below $50,000 or above $72,000, that traders can commit. The result will be an uptick in trading volume, currently muted and way below the averages recorded on August 8. Is Bitcoin Preparing For A 5X Surge? While there is caution, one analyst, in a post on X, thinks Bitcoin could be preparing for a major leg up in the coming sessions. Notably, the confident trader compares the current state of affairs to events of 2020 when the global economy came to a standstill due to the COVID-1