Friday, April 26, 2024
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US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip

Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. GDP figures reveal surprise slowdownData from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior.The largest cryptocurrency had

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‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake – Bitcoin News

Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since

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‘Ultra Sound Money’ — Post-Merge Stats Show Ethereum’s Issuance Rate Plunged After PoS Transition – Technology Bitcoin News

Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as the network’s issuance rate has slowed significantly since September 15, following

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Qtum FastLane Hard Fork Implemented Today to Offer Ultra Fast Transactions

Prior to the Qtum FastLane hard fork activation, the developers had been testing it for the past four months.Qtum Network, a decentralized blockchain platform that runs smart contracts on multiple virtual machines with proof of stake consensus, announced that it has completed a hard fork to implement Qtum FastLane. Notably,

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