What is Breaking in the context of blockchain?

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In the realm of blockchain and cryptocurrencies, a "breaking" event occurs during a hard fork, which represents a significant transformation or upgrade in a network's software. This "breaking" situation arises when the new version of the software introduced in the hard fork lacks compatibility with the previous version, resulting in an inability to understand each other's transactions and blocks. Consequently, this causes a division or "break" in the network's transaction history and functioning. The outcome involves two separate chains, each operating under its distinct set of rules, possessing unique transaction histories and participant groups. In the aftermath of the split, both chains continue to exist independently, generating new cryptocurrency tokens on the new chain, while holders of the original cryptocurrency receive equivalent amounts of the new cryptocurrency. The ultimate dominance and value retention of one cryptocurrency over the other depend on decisions made by the cryptocurrency community, miners, and users, factoring in elements like adoption, security, and developer support.

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A notable illustration of this "breaking" scenario is the Bitcoin Cash (BCH) hard fork from the original Bitcoin (BTC) network. The BCH hard fork introduced modifications, including larger block sizes and different consensus rules, rendering it incompatible with the BTC network. Consequently, this event led to the emergence of two distinct blockchains and cryptocurrencies: Bitcoin (BTC) and Bitcoin Cash (BCH).

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#Blockchain #Cryptocurrency #HardFork #Compatibility #BitcoinCash #Bitcoin #CryptoHistory #NetworkUpgrade

Black Swan events are happening so often We need a new term (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/1746pl2/black_swan_events_are_happening_so_often_we_need/

The sun is setting, but hodl!

We are most likely enterying a phase which may well overtake the destructions of WW2.

I always relied on BTC as an apocalyptical antidote...in times where most of the economies stop producing and a lot of assets turn worthlesd, a bit of light will shy as Bitcoin will rule!

I'm not here to debate about Israeli's conspiracies, or who will win in Ukraine... and no, I don't have a crystal ball, but this and many other events indicate the weakning of USA and Europe.

We need to expect or I do really expect the worse turn of events. In the coming years ,should I say, months, horrible things may happen.

Work on your physical security and financial defense because what"s coming it's a Monster hurrican which will wipe out a lot, but some will make it.

Good luck!

Gold market

Gold Market

Gold slumps to multi-month lows below USD$1,860. Gold price currently trading at USD$1,863 (XAU/USD) has been dumped heavily by market participants as Federal Reserve (Fed) policymakers reiterate their hawkish stance on the interest rate outlook. After an explosive start to September, Gold prices have finally pulled back on routine end-of-quarter profit-taking as traders square up their positions – ready to capitalize on the precious metal’s next big move. Right now, gold prices are spending very little time below the key psychological level of USD$1900 an ounce, which ultimately suggests that there’s still plenty of upside ahead.

Crypto Markets

Bitcoin’s price is currently testing a key area above USD$26,500 and its reaction could determine the mid-term price action of the market. On the daily frame, the price has been testing a 50-day moving average, located around the USD$26500 level, over the last few days. In the event of a bullish breakout, Bitcoin is likely to move towards the USD$27,500 resistance level. On the other hand, a bearish rejection could lead to a drop to the USD$25K level potentially lower.

Ethereum Price skyrockets as Ethereum ETF eyes Monday launch Prospect. In the major development, the price of Ethereum experienced a substantial uptick today, marking a significant moment in its recent surge. Throughout this week, Ethereum has enjoyed remarkable gains, with its price surging 4.6% since the beginning of the week. The current rise has made this week the most profitable for the altcoin since July.

According to analysts at Bloomberg, Ethereum futures exchange-traded funds (ETFs) may be introduced as early as next week. Eric Balchunas, an ETF analyst at Bloomberg, mentioned that the Securities and Exchange Commission (SEC) has requested various applicants to update their documents by Friday. This update would allow them to start trading as early as Tuesday next week.

Regulation

The US Securities and Exchange Commission (SEC) announced it would delay the deadlines for decisions on VanEck’s and Ark 21Shares’ spot Ethereum ETF applications to December 25 and 26, 2023, respectively. In a filing, the SEC noted that it needs a longer period to consider the proposed rule change.

SEC Chair Gary Gensler reiterated that Bitcoin is not a security but a commodity under the Commodity Futures Trading Commission (CFTC) purview. He also stated that “everything else other than bitcoin is a security,” which has significant implications for regulating cryptocurrencies and digital assets in the United States. Gensler’s statement reflects the SEC’s long-held view that many cryptocurrencies and digital assets are securities under U.S. law. The SEC’s definition of security is broad — it includes any investment contract in which an individual invests money in a common enterprise with the expectation of profits solely from the efforts of others. In other words, if an asset is sold as an investment with the expectation of profit based on the efforts of others, it is likely to be considered a security.

Coinbase International Exchange has received regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures for eligible non-US retail customers. The exchange would now be able to tap into the services that contribute to 75% of the global crypto trading volume. The exchange was Coinbase’s answer to the regulatory crackdown in the US after the SEC filed a lawsuit against it. Coinbase is emerging as the biggest entity to defy the enforcement actions pursued by the Securities and Exchange Commission (SEC) after successfully launching its international exchange in Bermuda in Q2 this year. The exchange is now expanding to meet the demands of its users by bringing derivatives services.

BTC news (Bitcoin) for the week, October 2023

The latest BTC news (Bitcoin) for the last week of October 2023. Learn about the most current events and trends in the world of cryptocurrency.

BTC news (Bitcoin) for the week

Over the last week, there have been many important events in the world of Bitcoin. From discussions about Bitcoin’s role in the global economy to new technological developments, the Bitcoin community continues to grow and evolve.

News on Twitter

BTCTN‘s official Twitter account actively discusses various topics related to Bitcoin. Main news and discussions include discussions about the role of Bitcoin in today’s world, its benefits and possibilities for the future.

BTC News on Reddit

On Reddit, users actively discuss various aspects of Bitcoin. The main topics of discussion include the history of the development of money, the role of Bitcoin in this history, as well as the prospects for its development. Particularly interesting is the idea that Bitcoin is the culmination of 50,000 years of money evolution.

https://kriptovalyuta.com/news/bitcoin/btc-news-bitcoin-for-the-week-october-2023

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What is the Safest Crypto Platform in Singapore?

Exploring the Security of Coinhako

Cryptocurrency has taken the financial world by storm, offering individuals an innovative way to invest and trade digital assets. In recent years, Singapore has emerged as a hub for cryptocurrency enthusiasts, with various platforms vying for the title of the safest crypto platform. Among these contenders, Coinhako stands out as a reliable and secure option for cryptocurrency enthusiasts and investors.

Understanding the Importance of Security in Crypto

Security is paramount in the world of cryptocurrency. Unlike traditional banks, which offer robust protection for your funds, cryptocurrencies are decentralized and often pose a higher risk of theft or fraud. This underscores the importance of choosing a secure platform for your crypto transactions.

Coinhako: A Brief Overview

Coinhako is a well-established cryptocurrency exchange platform that has been serving the Singaporean market for several years. It has gained a reputation for its commitment to security, user-friendly interface, and extensive range of supported cryptocurrencies.

Security Measures at Coinhako

When it comes to cryptocurrency security, Coinhako takes no shortcuts. Here are some of the key security measures that make Coinhako a top choice in Singapore:

1. Two-Factor Authentication (2FA)

Coinhako provides users with the option to enable 2FA, adding an extra layer of security to their accounts. This ensures that even if someone obtains your password, they cannot access your account without the secondary authentication.

2. Cold Storage for Funds

A significant portion of the funds on Coinhako is stored in cold storage, which means they are not connected to the internet. This makes it nearly impossible for hackers to access these assets.

3. Regulatory Compliance

Coinhako is fully compliant with Singapore's regulatory framework for cryptocurrency exchanges. This commitment to legality and transparency instills confidence in users.

4. Regular Security Audits

To maintain the highest level of security, Coinhako conducts regular security audits to identify and address potential vulnerabilities promptly.

5. Insurance Coverage

In the unlikely event of a security breach, Coinhako has insurance coverage in place to protect users' funds.

Why Choose Coinhako?

With the plethora of cryptocurrency platforms available, you might wonder why Coinhako is the top choice for many in Singapore. Here's why:

1. Ease of Use

Coinhako's user-friendly interface makes it accessible for both beginners and experienced traders. Navigating the platform is a breeze, ensuring a seamless trading experience.

2. Wide Range of Cryptocurrencies

Coinhako offers an extensive selection of cryptocurrencies, allowing users to diversify their portfolios and explore various investment opportunities.

3. Mobile App

Coinhako provides a mobile app that enables users to manage their crypto assets on the go, ensuring convenience and accessibility.

4. Educational Resources

For those new to cryptocurrency, Coinhako offers educational resources and guides to help users get started and make informed decisions.

Conclusion

In the ever-evolving world of cryptocurrency, security should be your top priority. Coinhako's dedication to safeguarding user assets, combined with its user-friendly features and regulatory compliance, makes it the safest crypto platform in Singapore. Whether you are a novice or an experienced crypto trader, Coinhako offers the peace of mind you need when navigating the world of digital assets.

FAQs

1. Is Coinhako available only in Singapore? No, Coinhako serves users in several countries, making it accessible to a global audience.

2. How can I sign up for Coinhako? You can sign up for Coinhako by visiting their official website and following the registration process.

3. What cryptocurrencies can I trade on Coinhako? Coinhako offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and many others.

4. Is Coinhako regulated by authorities in Singapore? Yes, Coinhako complies with Singapore's regulatory framework for cryptocurrency exchanges.

5. Can I use Coinhako on my mobile device? Yes, Coinhako provides a mobile app that allows you to manage your crypto assets from your smartphone or tablet.

In conclusion, Coinhako emerges as the safest crypto platform in Singapore, offering a secure environment for users to invest and trade cryptocurrencies with peace of mind. With its commitment to security, user-friendliness, and diverse cryptocurrency options, Coinhako is an ideal choice for anyone looking to enter the world of digital assets.

Sign up to Coinhako today