Blockchain
Ethereum (ETH) reserves on exchanges down by 27% in 48 hours
Ethereum (ETH) reserves on centralised crypto exchanges have plunged by 27% over the last…
The post Ethereum (ETH) reserves on exchanges down by 27% in 48 hours appeared first on Coin Journal.


Ethereum (ETH) reserves on centralised crypto exchanges have plunged by 27% over the last two days as platforms run out of the cryptocurrency
The Ether reserves on cryptocurrency exchanges dropped by 27% over the past 48 hours, with analysts predicting ETH could soon hit a new all-time high price. According to CryptoQuant, only 8.1 million ETH is currently available in the reserves of various cryptocurrency exchanges.
The decline in Ether reserves indicates that more people are holding the cryptocurrency rather than selling or transacting it. With most investors hodling the cryptocurrency, the exchanges are suffering from low liquidity.
The rapid decline in ETH reserves on centralised exchanges was rapid over the past few hours. Alex Saunders of Nuggets News tweeted about the reduction in Ether reserves yesterday. He noted a 10% drop in Ether reserves on centralised crypto exchanges yesterday. The exchanges suffered a drop from 11 million to 10 million ETH within 24 hours.
The decline escalated by another 20% within a few hours after the Ether reserves on exchanges plunged to 8 million.
He tweeted, “Exchanges could be out of $ETH within 48 hours. Demand has skyrocketed. Exchange reserves fell 20% from 10M to 8M in the last few hours. With targets of $5k, $10k & $20k long term, I doubt many HODLers will sell their ETH in the $1—2k range”.
Saunders predicts exchanges could run out of Ether over the coming days, and with most experts predicting ETH prices to rise in the range of $5,000—$20,000 in the long-term, most holders will possibly invest in the cryptocurrency for the long term.
Exchanges struggling with liquidity
The CryptoQuant data is also supported by Glassnode. According to the crypto analytics platform, ETH balances on exchanges is down by 42.5% since the 14.1 million recorded in May 2020. Glassnode data shows that only 7% of Ether’s circulating supply is currently held on exchanges.
Cryptocurrency exchanges are struggling with low liquidity at the moment. Earlier this week, the multi-asset brokerage platform eToro notified its customers that it would roll out policies to curb demand for cryptocurrencies as it struggles to fulfil the overwhelming demand it currently faces for Bitcoin and other popular altcoins.
Saunders interprets Ether’s data as suggesting that the cryptocurrency’s price could experience a massive surge in the coming weeks or months. He likened Ether’s situation to Bitcoin, which experienced higher demand before an epic bull run to reach $40,000.
Source: https://coinjournal.net/news/ethereum-eth-reserves-on-exchanges-down-by-27-in-48-hours/
Blockchain
Bitcoin Halving: Definitive Guide (In Just 5 Minutes)
Bitcoin halving is often referred to as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.
Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.
The process of halvening started in the year 2012, approximately after 4 years of the invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.
After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.
The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.
The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.
Investors from all over the world are excited and waiting for the Bitcoin price to increase, and the demand for bitcoins in the online gambling industry is high. Bitcoins are widely accepted at Bitcoin Casinos as they collect deposits in the form of cryptocurrency from their players.
To know the overview of Bitcoin Halving (Just in minutes), check out the following infographic developed by Abishai James at WinBTC.net in partnership with ACMarket.

Blockchain
Santiment Reveals Top 10 Ethereum Projects by Developer Activity


Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated.
The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.
The research focused solely on pure ERC-20 projects that are currently committed to developing on Ethereum. It has used 30-day Github activity to track development status and action.
We’ve just released our top 10 highest developing #Ethereum-based project countdown for the month of February! Read what the fastest moving projects using $ETH tech. are working on:
1) $GNO @gnosisPM
2) $SNT @ethstatus
3) $MANA @decentraland
4) $UMA @UMAprotocol👇 (Cont’d) pic.twitter.com/ZGWkrgzHpH
— Santiment (@santimentfeed) March 3, 2021
The Ethereum Project Top Ten
At the top of the list for developer activity in February is the decentralized prediction market platform Gnosis. Despite a 28% slide in GNO token prices for the second half of the month, the Gnosis team has been busy working on the product.
Gnosis launched on the xDai Ethereum sidechain, joined the Open DeFi alliance, and launched a new collaborative grants initiative for Gnosis Safe Apps last month.
Status was the second most developed Ethereum based project with a number of updates for the open source mobile dApp browser and messenger. SNT prices hit a three-year high of $0.125 in February.
Virtual metaverse and NFT protocol Decentraland was third in the list of developer activity with a number of features introduced to improve user experiences.
DeFi synthetic asset protocol UMA came in fourth with two main focuses for the month; getting some major protocols out the door, and there was a collaboration with BadgerDAO.
Coming in at number five for developer action was Chainlink which announced the official mainnet launch of Off-Chain Reporting (OCR). This significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90%, it added.
“The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.”
DeFi Dominates
These were the five most developed platforms in the Ethereum ecosystem for February 2021, and they were dominated by DeFi.
Also featuring in the top ten list was Skale Network, a decentralized modular cloud for running Ethereum-based dApps. MakerDAO, which is consistently in the top ten for development, was in seventh place.
Decentralized data exchange protocol Ocean, computing sharing economy Golem, and analytics platform Santiment itself rounded out the top ten.
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Source: https://cryptopotato.com/santiment-reveals-top-10-ethereum-projects-by-developer-activity/
Blockchain
Blockchain in Sports Betting
Wanna enter the Sports betting industry? Are you worried about the transactional data, security and entry charges?
Just relax and lean on to your chair. The amazing features of blockchain technology have reshaped the sports betting industry. It enhances safe and secure transactions as it is an open source decentralized network.
Basically, blockchain offers tremendous features like transparency, fast payouts, speedy transactions, independent in nature, etc. The most effective feature is the player’s account will not be restricted or blocked either personally or professionally due to extreme winnings.
Blockchain is the most prominent technology ruling today’s betting industry. It’s advancement in the sports industry has laid a pavement for its enormous growth in recent times.
To get detailed information, checkout the following Infographic developed by WinBTC.net in Partnership with MrBet.me.uk.

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