For the first time in history, the difficulty of the Bitcoin network is likely to decrease by 21%

For the first time in history, the difficulty of the Bitcoin network is likely to decrease by 21%

Following the mass exodus of miners from China, the difficulty of bitcoin mining is expected to decrease to the level recorded in early 2020 by the first day of July.

According to Dylan LeClair of the 21st Paradigm monetary advisory team, the Bitcoin network will lose 21% of its difficulty after the next adjustment. These periodic settings are encoded in the Bitcoin mechanism in such a way as to ensure the stability of the block generation time. Similarly, when miners are out of the network, the difficulty of the network is reduced to compensate for the loss of their computing power.

Two-digit adjustment of network stiffness (whether positive or negative) is relatively rare. With that said, the next 21.1 percent drop could be the biggest drop in Bitcoin history. On the other hand, the revenue of bitcoin miners has reached $ 23 million per day, down 64.5% from the peak recorded in May 2021.

Migration of miners

"Following the regulatory restrictions imposed by the Chinese government, miners are migrating to countries such as Kazakhstan, the United States and even African countries, selling their bitcoins to pay for equipment transfers," he said. . This is one of the main catalysts for increasing sales pressure.

According to BTC.com, after this reduction, the hardness of the Bitcoin network will probably reach 16.25 T, which was last seen in May 2020. It should be noted that the difficulty of extracting bitcoins is adjusted every two weeks, and the previous two adjustments have been associated with a decrease of 16 and 5 percent.

Ripple and Bainance traded XRP 75.4 million Thursday, May 13

Ripple and Bainance traded XRP 75.4 million Thursday, May 13

Once again, Ripple has attracted attention with the transfer of XRP to the Huobi exchange. At the same time, this currency has been transferred by large crypto exchanges.

Ripple has transferred $ 106.3.3 million in XRP

The Whale Alert service, which tracks the movement of digital currencies, has discovered about a dozen trades in which XRP 75.5 million has been traded by Kraken, Bainance, Ripple and other smaller cryptocurrencies.

Ripple has made its daily transfer to China's largest cryptocurrency exchange, Huobi: 5,472,400. This is the amount the company will send to Huobi every day of the week.

Last week, the daily XRP value from Ripple to Huobi was 7,066,450, according to blockchain analytics company Bithomp. Transfer is via Ripple RL18-VN wallet.

Support for XRP liquidity in China

Ripple typically provides cryptocurrencies with XRP to support Quinn liquidity in global markets. Its regular XRP transactions with prominent Chinese exchanges suggest that the DLT giant may support XRP liquidity in China.

BitTorrent joined the list of top 10 digital currencies with 86% growth in one day

BitTorrent joined the list of top 10 digital currencies with 86% growth in one day

Over the past two weeks, some lesser-known altcoins have been trying to make the top 10 digital currencies on the market. After Theta, followed by File Coin, BitTorrent has now grown to 86th place in the top digital currencies with 86% growth over the past 24 hours.

At the time of writing, BitTorrent (BTT) is trading at $ 0.0127 with a market value of $ 13.1 billion.

It is interesting to note that there is no specific fundamental reason for the increase in the price of BitTorrent. BitTorrent is a peer-to-peer file sharing protocol that enables users to download several different file types quickly and free of charge from the Internet. Strong technical technique can be one of the acceptable reasons for this price increase.

Another latest development on BitTorrent is that ten days ago, the Poloniex exchange announced that BitTorrent Sticking would run on the platform from March 25, 2021.

6 multipurpose wallets for Android

6 multipurpose wallets for Android

In this article, we want to introduce you to wallets through which you can store and manage several of your digital currencies. You know that choosing a wallet is not easy and each of them has advantages. And they have their drawbacks. In this article, you will get acquainted with 6 top wallets that have been selected based on the popularity of these wallets in the Google Play store, the number of digital currencies they support, security and a number of other unique features.

 

Wallet (Blockchain.info)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH
    Private key: Available to third parties (Blockchain.info)
    Security: 2FA, multiple signatures
    Built-in Exchange: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The Blockchain.info website offers a wallet that is available to users in 37 different languages. Users of this wallet can buy ether digital currencies, bitcoins, bitcoin cache through their credit cards. Blockchain.info, like Kevin Base, holds users' private keys. This website is also a bitcoin blockchain browser and users can follow the information inside the bitcoin network through it. This information includes transactions, blocks, wallets and many other information that this site provides to you. One of the best information this site provides is that you can get accurate information about your transaction by entering a transaction hash (TxHash).

 

Wallet (Coinbase)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH, LTC
    Private key: In the possession of a third party (Kevin Base)
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 5 million people

 

One of the oldest and most popular wallets in the digital currency market is the Quinn Base. Interestingly, inside this wallet, you can exchange your assets with other digital currencies.

 

One of the drawbacks of this wallet is that the users' private key is in the possession of Kevin Base. Of course, the makers of this wallet have slightly alleviated this problem by offering security features such as 2FA, the ability to assign multiple signatures and the ability to use offline (Cold Storage). It is true that people all over the world can use this wallet, but we must keep in mind that the country of manufacture of this wallet is the United States of America and some of its features are only available to those who are American citizens.

 

Kevin Base and its users have been hacked a lot so far, but Kevin Base has insured people's assets.

 

Wallet (FreeWallet)

    Release Date: 2016
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, ETH, BCH, LTC, XMR, ARDR, BCN, BNT, BTG, DASH, DCT, DOGE, EOS, FCN, GUP, IGNIS, LSK, NEO, NXT, PTOY, USDT, XDN, XEM , XMO, ZEC
    Private key: Available to a third party (FreeWallet)
    Security: 2FA, multiple signatures, offline use (Cold Storage), email confirmation, transaction limit
    Built-in: Activated by Changelly
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The FreeWallet team, unlike other wallet makers, has created a wallet for each of the digital currencies. With FreeWallet wallets you can store 25 coins and a large number of ERC20 standard tokens. FreeWallet also holds users' private keys and offers security features such as 2FA, the ability to use multiple signatures for the transaction, a confirmation email to send the transaction, and restrictions on the amount of the transaction. It also provides users with the ability to store assets offline (Cold Storage). One of the salient features of a FreeWallet wallet is the support service that sets it apart from the rest.

 

Wallet (Coinomi)

    Release Date: 2014
    Supported platforms: iOS, Android
    Supported digital currencies: 154 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Security items: -
    Built-in: Activated by Changelly \ ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

Coinomi wallet is one of the most popular wallets for digital currencies that supports a large number of coins and tokens. Coinomi wallets allow you to easily participate in ICOs and hold tokens that are not supported in other wallets. Another distinctive feature of the Coinomi wallet is that the user has a private key, which is why this wallet does not have additional security features.

 

Wallet (Jaxx)

    Release Date: 2014
    Supported platforms: iOS, Android, Chrome extension, OS X, Windows, Linux
    Supported digital currencies: 69 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Hair

Security word: -
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

The Jaxx wallet was created by Anthony Diorio, one of the founders of Atrium, in 2014. This wallet is available to users through many platforms, and this is one of the reasons for its popularity. The Jaxx wallet, like the Coinomi wallet, allows you to easily participate in ICOs and keep coins or tokens that other wallets do not support. You can also connect the Jaxx wallet to the ShapeShift instant exchange and exchange your digital currencies, but keep in mind that this wallet does not allow you to exchange cryptocurrencies backed by Fiat currencies such as Tether and TrueUSD. Give.

 

BRD Wallet

    Release Date: 2016
    Supported platforms: iOS, Android
    Supported digital currencies: Bitcoin, Ether and Bitcoin Cash and up to 100 tokens with ERC-20 standard
    Private key: Available to the user
    Security items: -
    Built-in exchange: Yes
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 100,000 people

 

The BRD wallet supports bitcoin, ether and bitcoin cache, as well as a large number of tokens that meet the ERC20 standard. The distinctive feature of this wallet is that the private key is available to the user and therefore other security issues are not considered. This wallet allows you to buy bitcoins by bank payment. You can also save and store your digital assets from your credit card and Simplex platform. The makers of this wallet have also launched a token called BRD.

Weekly Gold Analysis Sunday, February 21

Weekly Gold Analysis Sunday, February 21

Fundamental analysis of ounces of global gold

Investors and market professionals are also pessimistic about the future of gold prices after the global ounce price fell to its lowest level in eight months. The rise in US Treasury yields has been a major factor in lowering the price of an ounce of global gold. Analysts and traders are pessimistic about the future and medium-term trend of the global ounce of gold, while investors' optimism about the future of the gold market has reached its lowest level in several years. Some analysts believe that the price of an ounce of global gold could fall further in the medium term, as rising US Treasury yields could force the Federal Reserve to control the yield curve. Analysts believe that controlling the US yield curve could be to the detriment of the US dollar.
This week, 18 Wall Street activists took part in the weekly Kitco News review. 17% of respondents predict that the global gold ounce trend will be bullish. 72% predict that the market trend will be downward. Meanwhile, another 11 percent predict that the market will be trendless. Meanwhile, 1,292 Main Street investors took part in the online survey. 43% were in favor of an uptrend, 40% were in favor of a downtrend and 17% were in favor of a trend-free market.
Many analysts believe that the US Treasury bond market is the biggest threat to the gold market. Although inflationary pressures are on the rise, on the other hand, economic growth expectations are strong and therefore offset the effect of inflation expectations. These optimisms about the future of the world economy have led to an increase in US Treasury yields, which will eventually lead to an increase in real interest rates in the US economy. An increase in real interest rates is to the detriment of ounces of global gold, as it increases the opportunity cost of investing in gold.
The views of gold market professionals

Adrian Day, President of Adrian D. Asset Management Company
"The fall in the price of an ounce of world gold has been longer and deeper than I expected. "However, I think the gold market is entering a period in which long-term buyers are likely to either exit the market or refuse to re-enter the market." The professional activist went on to say that the pressure to sell ounces of global gold was too normal, but it should be noted that market price movements do not always proceed with the fundamental situation. Adrian Dee hopes to hit the gold market in the next week or two.
Ole Hansen leads Saxo Bank strategy team
This professional activist is pessimistic about the global gold ounce trend. He said that even if the fundamentals of the global ounce of gold were strong, he was still pessimistic about the future of the global ounce price. "Before the market starts to move upwards, it needs to change. "We are almost certain that inflation will grow faster than previously predicted, and when that happens, real bond yields will be balanced." According to Hansen, although the Federal Reserve is likely to control the yield curve, he believes that the Fed will not act until the rate hike hurts the US stock market.
David Madden Senior Market Strategy at CMC Markets
The activist expects the price of an ounce of global gold to fall as the rate of return on Treasury bonds rises. However, he remains optimistic about the medium-term ounce of global gold. "Increasing the yield on US Treasury bonds will draw all attention to a possible rate hike," he said. "While no central bank in the world wants to raise interest rates, there is still the possibility of an upward rally in the global ounce of gold." He added that the global ounce gold market fluctuates between $ 1,700 and $ 1,900. He does not expect the market to rise to $ 2,000, as the global economy shows signs of recovery.
Colin Cieszynski Senior Market Strategy at SIA Asset Management
According to the activist, part of the demand for gold has been lost due to the attractiveness of bitcoin and other digital currencies, especially since the price of bitcoin has risen above $ 50,000.
Marc Chandler is the CEO of Bannockburn Global Forex
The fall of the global gold ounce to $ 1,760 has driven many buyers off the market. One can expect the market to hit the range of $ 1810-1795. Crossing the global ounce price above $ 1820 could improve the technical outlook for the gold ounce. It has recently been rumored that Bitcoin is the gold of the modern world, but I do not agree with this idea. "I think it will take more time to judge."

Economic calendar Tuesday, February 2

Economic calendar Tuesday, February 2