U.S. Commerce Secretary’s Son’s 21 Capital Raises $3 Billion for Bitcoin Investment Fund with SoftBank, Tether and Bitfinex
On April 23, the Financial Times reported that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chairman of brokerage Cantor Fitzgerald, is working with SoftBank Group, Tether, and the Bitfinex trading platform to create a bitcoin investment fund. The fund, called Cantor Equity Partners, plans to raise $3 billion worth of bitcoin through…
What is web3.0
Web 1.0: Information feedingThe Internet is basically a “read-only” model, where Internet users can log on to major portals to browse and read any fresh information they want, but they can only see and not interact with it. Web 2.0: Information InteractionUsers can produce and distribute their own content and become influential Vs, directly affecting…
What is Gas
Gas is a unit of measure that is primarily used to calculate the amount of work required in a contract transaction. It is generally paid to the miner/verifier as a reward fee. The higher the Gas fee given, the faster that transaction will be. A certain amount of Gas is consumed for each transaction to…
Bitcoin’s market share rises to a nearly four-year high after more than ushering in a subsequent cottage poo
BlockBeats News – Today, April 22, Bitcoin’s market share (BTC.D) pulled up to 64.61%, a new high since February 2021, according to TradingView. Bitcoin’s high market share is a sign that the cottage market is quieting down, but it’s also a sign that a bottoming out is on the way. According to previous historical data,…
What’s the difference between the Ethernet mainnet, testnet and sidechain?
The mainnet is the network node where Ethernet runs, and it is real data. The test network is for development and testing, and the ehter on it has no value. Sidechain: Because of the limited resources on the main network, slow block speed (generally 12 seconds to generate a block), high transaction fees gas and…
What is Ether?
Ethernet is a public blockchain platform using blockchain technology. Ethernet has EVMs to run smart contracts. (A smart contract is a program developed with Solidity) Ether has its own tokens as well. PS1:Ether is a public blockchain network with a broad vision. The designers of Ether realized that if you build a public blockchain network,…
10x Research: Bitcoin’s Rise to $87,000 May Be Driven by a Combination of Falling Dollar Index and Rising Gold
On April 21, Markus Thielen, Head of Research at 10x Research, said, “Bitcoin’s rise to $87,000 appears to have been driven by a combination of a sharp decline in the U.S. Dollar Index (down 0.7% against the euro) and a 2% rise in gold, both of which were triggered by news of Donald Trump’s push…
Trader Eugene: Long ETH for the First Time Since January, Market Has a Lot of Inertial Ether Shorts
On April 20, top trader Eugene Ng Ah Sio posted on his personal channel that he was “long ETH for the first time since the beginning of January, and from a technical analysis point of view, ETH has been showing a solid and slow uptrend since the beginning of April, with a clearer trend. It…
Why data in blockchain is not tamperable
Each block has a unique Hash value, which is generated based on the content of the block, and once the content is changed, the Hash value of that block also changes. Each block contains the hash value of the previous block. If you modify the content of a block, the Hash of the block is…