SegWit trades reach over 60%
Recent data from multiple sources reveals that over 60% of Bitcoin transactions use SegWit (Segregated Witness) technology. Launched in 2015, it reduces the size of transactions and increases their speed. SegWit trades are used by many cryptocurrency wallets.
According to SegWit.Space, the adoption of the protocol reached up to 66% on January 4. Other charts, such as transacationfee.info and Woobull, the data resource of statistician Willy Woo, currently stand at around 59%.
The increase in SegWit adoption is mainly due to the fact that BitMEX exchange integrated the technology in December. Currently, the only large exchange that still uses Bitcoin legacy addresses is Binance.
Bloomberg: Halving Bitcoin will lead to higher prices
The halvening event will generate Bitcoin price increases, support crypto-enthusiasts. According to Bloomberg, this has already happened twice in the history of cryptocurrency. In 2012, when the block’s reward fell from 50 to 25 bitcoins, prices rose almost 8,200% in one year. In 2016, in the 18 months after halvening, Bitcoin increased by over 2,200%.
However, the demand for Bitcoin seems much lower than in previous years. In addition, the public is also more aware of the long-term structural problems of cryptocurrency. They have the potential to reduce the enthusiasm of experienced investors.
Currently, Bitcoin is trading at around $ 7,500, a slight increase this year.
The generation time of the ETH blocks decreased from 17 to 13 seconds
A few days ago, Ethereum went through the Muir Glacier hard fork, which again delayed the difficulty bomb. This caused the generation time of the new blocks to decrease from 17 seconds to 12.69 seconds.
One consequence of the change is that the Ethereum offer is likely to increase by approximately 25%. The number of coins mined daily increased from 10,000 ETH to 12,000 ETH. Experts expect the emission to stabilize at around 13,500 ETH per day.
What is Ethereum?
This means that, at present, inflation in the Ethereum network has reached about 5% per year. With the implementation of the new Proof-of-Stake consensus, developers expect inflation to drop to 0.22%.
Also, the difficulty bomb will be re-implemented, most likely in September 2021.
Currently, the Ethereum price is below the $ 140 threshold, a slight increase from $ 130 from the beginning of the year.
The SEC requests Telegram to provide the ICO documents
The US SEC supervisory authority has requested Telegram to provide the documents on how the funds accumulated through the GRAM ICO have been used. The SEC said the information is needed before next week’s filings. Three employees of Telegram, including founder and CEO Pavel Durov will have to make statements related to the GRAM ICO.
For the moment, the judge in charge of the case did not oblige Telegram to make those documents available. The company just has to officially explain why it does not agree with their submission.
The SEC suspended the distribution of GRAM tokens in October 2019 on the grounds that it is the sale of unregistered securities.
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