Google facilitates access to .ETH balances, TON exceeds 100M users! 🔥
Welcome to the Daily Tribune for Thursday, October 10, 2024 ☕️
Hello Cointribe! 🚀
Today is Thursday, October 10, 2024, and just like every day from Tuesday to Saturday, we summarize the news from the past 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
Google facilitates access to crypto .eth balances in its search! 🔍
Google has recently integrated a new feature that allows users to check the balances of Ethereum Name Service (.eth) domains directly through Google search. Thanks to this advancement, you only need to type an ENS domain name, such as "yourname.eth", to instantly get the information about the associated ETH balance without having to go through third-party sites like Etherscan.
This innovation greatly simplifies access to financial information related to cryptocurrencies while enhancing security by limiting the risk of errors when entering complex hexadecimal addresses. This initiative is part of Google's ongoing efforts to integrate blockchain and crypto into its services, making their use more user-friendly and accessible to the general public.
Bitcoin: HBO reveals Satoshi Nakamoto and shocks the crypto community 🎬
HBO has created a stir in the crypto community with its new documentary Money Electric: The Bitcoin Mystery, claiming that Peter Todd, a Canadian developer, might be the mysterious Satoshi Nakamoto, the creator of Bitcoin. This 100-minute documentary offers circumstantial evidence to support this hypothesis, including online messages from Todd and alleged mistakes made on the BitcoinTalk forum in 2010. Additionally, Todd's engagement in the Replace-by-Fee debate is used to strengthen this theory.
This revelation has disrupted speculation on Polymarket, where bets on Satoshi's identity drastically changed after the airing. However, the Bitcoin community remains largely skeptical of this hypothesis, preferring to maintain the mystery surrounding Nakamoto rather than believe this new version of the story.
The incredible growth of the TON Blockchain 🚀
The TON blockchain, originally developed by Telegram, has reached a major milestone with 100 million active users. This massive adoption has been largely accelerated by the integration of a crypto wallet directly in the Telegram app in September 2023, as well as the appearance of "tap-to-earn" games like Notcoin and Hamster Kombat. These innovations have transformed Telegram users into TON blockchain users.
However, Toncoin, the native crypto of TON, is experiencing a mixed performance: although the ecosystem is rapidly developing, the price of Toncoin has dropped by 37%, reaching $5.22, with nearly 80% of Toncoin holders currently at a loss. Despite this decline, investors remain optimistic about a potential recovery as the ecosystem continues to grow.
Vitalik Buterin on track for a Nobel Prize in Economics? 🏅
Vitalik Buterin, co-founder of Ethereum, could be a contender for the Nobel Prize in Economics, according to influential economists. At just 19 years old, Buterin co-created Ethereum, now the second-largest cryptocurrency with a market capitalization of $293.5 billion. His contributions go beyond financial aspects: he led the transition of Ethereum to Proof-of-Stake, reducing the network's energy consumption by 99%.
According to economist Tyler Cowen, Vitalik Buterin not only built a revolutionary platform but also reinvented fundamental concepts of monetary economics. In a sector often viewed with skepticism by traditional economists, Buterin's nomination for a Nobel could bring new legitimacy to crypto. Despite resistance from some critics, the advancements of Ethereum and Buterin's influence continue to transform the global economic ecosystem.
Crypto of the day: Uniswap (UNI)
Uniswap is a decentralized protocol based on Ethereum that is revolutionizing token exchange through the innovation of Automated Market Makers (AMM). By eliminating intermediaries, Uniswap facilitates direct trading between users, thus enhancing decentralization in finance.
Its native crypto, UNI, allows holders to participate in the governance of the protocol by voting on important proposals for the network's evolution. Originally distributed through an airdrop for historical users, UNI also offers benefits such as participation in governance and the possibility of earning returns by providing liquidity. Its use extends to trading, decentralized exchanges, and managing liquidity pools on the platform.
Recent performance
Current price: €7.86
Change (1 day): +8.74%
Market capitalization: €4.715 billion
Rank on CoinMarketCap: #22
Analysis of the day: Ethereum in trouble 📉
Ethereum shows signs of weakness after a significant correction, where its price dropped by 40% to support around €2,100. Although the asset bounced back to €2,800, it returned to a level close to €2,400, leaving investors uncertain about what comes next. The 50 and 200-day moving averages are still trending down, but positive signals are appearing, including a bullish divergence that could indicate a weakening of selling pressure. However, the recovery remains limited as long as key levels, such as €2,700, are not crossed.
On the side of ETH/USDT perpetual contracts, there is a renewed interest from sellers, while funding rates remain positive, signaling a majority of buyers. If Ethereum manages to stay above the support of €2,250, a recovery target around €2,700 could be considered, with potential progress up to €3,400. Conversely, a return below €2,250 could lead to another drop towards €2,100 or even €1,900. The coming weeks will be crucial to confirm a clearer trend.
🔗 Read the full analysis here.