Author: cryptotechbro
The witness discount refers to the reduction in data “weight” given to the witness portion of a Bitcoin transaction — the part that contains the signatures used to prove ownership. Implemented as part of the 2017 segregated witness (SegWit) upgrade, this discount effectively lowered the fees for SegWit transactions by making the witness data count for less when calculating the total size of a transaction. In simpler terms, the witness data gets a 75% discount, meaning that it only counts as one-quarter of its actual size when determining how much space it takes up in a Bitcoin block. This allows…
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Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly…
As Render’s decline continues, investors are flocking to FXGuys, in Stage 3 of its presale, offering opportunities like staking and prop funding, The decline of Render has led many investors to search for new, more promising opportunities in the crypto market. As the FXGuys presale continues to attract attention, the allure of its $FXG token, now priced at $0.05 in Stage 3, is undeniable. With over $4 million already raised, FXGuys is gaining momentum as one of the top altcoins with its robust offering for traders. As Render’s market performance has struggled, investors are turning to FX Guys for its…
Este artículo también está disponible en español. Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybit’s $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading Despite the short-term volatility, analysts remain optimistic about ADA’s next move. Top analyst Ali Martinez shared a technical analysis on X, revealing…
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Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key stats from the piece include the following: Total Lightning capacity denominated in U.S. dollars has increased by 2,767% since…
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In a significant security breach, Bybit, one of the leading cryptocurrency exchanges, found itself at the center of a devastating hack. The attackers made off with a staggering $1.5B worth of ETH, sending shockwaves throughout the crypto space. As crypto continues to gain popularity, incidents like this remind us of the importance of safeguarding our assets. With decentralized finance (DeFi) gaining traction and self-custody solutions like the Best Wallet token providing an alternative, the future of crypto security may just lie outside the traditional exchange model. The Bybit Hack: A Stark Reminder of the Risks On February 21, 2025, news…