Budrigan-coinbase bitcoin and shiba Inu merge into one exchange
Budrigantrade.com - The Super Bowl QR code advertisement for Coinbase crashes the app, and a hacker saves the exchange. Bitcoin's hashrate reaches an all-time high, and Ethereum's gas fee falls to a six-month low.
Uber (NASDAQ: Robinhood (NASDAQ: UBER) to Accept Cryptocurrencies HOOD) to Expand Globally Using Cryptography First
Shiba Flips Polygon as the Most Traded Coin By ETH Whales, and Elon Musk's "Starlink" Could Accept Dogecoin Soon.
The Super Bowl was one of the most watched events of the day, with over 106 million viewers. Coinbase's Super Bowl QR Code Ad Crashes the App, and a Hacker Saves the Exchange. With monstrous crowd looking on, America's greatest crypto trade made its promotion debut, with a 60-second business as a rule portraying a vivid, skipping QR code.
The ad that established Coinbase (NASDAQ): COIN) returned a cool $14 million and was accompanied by a $15 giveaway for Coinbase users. However, the exchange's app temporarily crashed because it was unprepared for the level of engagement the advertisement received.
In another occasion that might have caused the trade some humiliation, a white-cap programmer, going by the nom de plume, told Coinbase of a weakness in its exchanging frameworks. The hacker claims that they discovered a Coinbase exploit that was "potentially market-nuking."
In something like two hours of the Tree of Alpha's underlying tweet, Coinbase had closed exchanging on its high level exchanging stage. The hacker commented that they were "glad we caught this one before any real harm was done" following Coinbase's prompt response.
Flipsider:
Meta's "Quest" account tweeted its own bouncing QR code shortly after Coinbase's advertisement caused its app to crash, stating: " Hopefully, nothing breaks here."
After several interruptions to mining operations in various parts of the world, the Bitcoin mining hashrate has recovered and even managed to push to set a new all-time high. ETH's gas fee also drops to a 6-month low.
From 189.3 on January 31, Bitcoin's hashrate reached a lifetime high of 248.11 million terahashes per second on February 12th. As of this writing, the Bitcoin hashrate has decreased slightly by 15% to 248.11 million terahashes/sec.
The 1-year Bitcoin Hashrate outline: Source: Ethereum, the biggest rival to Bitcoin on Y-Charts, has also made significant progress recently, with its gas fees falling to their lowest level in six months. On the Ethereum network, gas prices are now 71% less expensive than they were in January.
BlockChair's data show that the average gas fee for the Ethereum network right now is 0.0035 ETH, or $11.39 USD per transfer. This represents a significant decrease in ETH gas costs, which were recorded at $70.83 in May 2021.
Flipsider:
The number of transactions carried out on the Ethereum network has decreased by 60% over the past month, despite the drop in gas prices.
Why You Ought to Mind
Both Bitcoin and Ethereum keep on enhancing the inadequacies looked by their individual organizations as they work to increment both their ease of use and values.
Dara Khosrowshahi, CEO of Uber, recently stated that the mobility service company will be accepting cryptocurrency as a payment option on its app "at some point." This announcement comes as the global adoption of cryptocurrency continues to rise. Robinhood will also be launching a global expansion known as "Crypto First."
Khosrowshahi says Uber could think about investing more in crypto. However, he also stressed that he is waiting to see how the cryptocurrency market develops and when it will emerge from its volatile state.
With a "crypto-first" strategy, stock trading platform Robinhood wants to expand internationally. Steve Quirk, chief brokerage officer of Robinhood, asserts that cryptocurrency would facilitate the "easiest" means of expanding internationally.
Quirk also said that Robinhood is actively looking for ways to list more cryptocurrencies that are legal. It's possible that the brokerage firm's plans to expand internationally using cryptocurrencies are a move to bolster its poor earnings from last year and boost its share price.
Flipsider:
Khosrowshahi, Uber's CEO, emphasized that the company has avoided digital assets thus far due to environmental concerns and the power consumption associated with crypto mining.
Why It Matters The adoption of cryptocurrencies as a trend is anticipated to continue and has been predicted to be a crucial driving force behind the industry's expansion.
Shiba Flips Polygon as the Most Traded ETH Whale Coin One month after Elon Musk announced that his electric car company, Tesla (NASDAQ: The billionaire has hinted that "Starlink," another of his companies that provides satellite internet, might follow suit and accept Dogecoin as payment for merchandise.
Musk simply used a winky face emoji to respond to Johnna Crider, a member of the Doge community, who suggested that SpaceX and Starlink should accept DOGE. The meme coin community now feels more hopeful that DOGE will soon find a new application.
Shiba Inu, Dogecoin's main rival, has surpassed Polygon to become the most frequently traded Ethereum whale token. WhaleStats says that among the 1,000 largest ETH wallets, SHIB is now the coin that gets traded the most.
These 1,000 wallets now hold 54.64 trillion SHIB tokens worth approximately $1.611 billion, according to on-chain data. After Ethereum itself, Shiba Inu is now the coin that ETH whales favor the most.
Flipsider:
DOGE is still down by 81 percent from its ATH and SHIB by 67 percent from its ATH, respectively, from their recent lows.
Why It Matters The NASDAQ-listed company "IZEA"'s recent support for Dogecoin and the Shiba Inu demonstrates how reputable meme coins are becoming.