What’s Going on with the Continuous Drop of BAS Coin? (Latest News on BASH Coin)

08/09/2023 19:10 • Blockchain Buzz • 100 views

What’s going on with the continuous drop of BAS coin? According to btcmanager data analysis, six cryptocurrencies among the top 100 by market capitalization have experienced a decline in the past week. Among them, two coins, BNB and EOS, have fallen below their support levels, both experiencing significant price drops. Another token, BSV, has also recently experienced a substantial retreat.

Currently, the price of BAS coin continues to decline due to a lack of sufficient attention from the market. This means that if investors want to continue holding or simply buy a digital asset for investment purposes, they need a large number of chips for speculation. Therefore, users with overly concentrated positions should be cautious of the impact this situation may bring. However, some analysts have pointed out that many retail investors have been hoarding their coins from last year until March this year, and there hasn’t been a significant influx of funds into this field.

Latest News on BASH Coin

Editor’s Note: This article is from Bitcoin Information (ID: bitcoin8btc), written by Jeff Benson, translated by JOSEPHYOUNG, and authorized for publication on Star Daily News.

According to reports, on May 17, 2019, Ethereum founder Vitalik Buterin tweeted, “We are researching a new decentralized financial protocol.” In the past month, he has mentioned using it to solve issues related to cryptocurrency and decentralized solutions. This programmer also published a report outlining the “Bitcoin as digital gold” and the future potential of the technology. “If you have a smart contract platform on a blockchain network and use it for other purposes, you may get a return of $10,” said Brian Armstrong, a member of the Bitcoin Core team and CEO of Coinbase, in a tweet posted on Tuesday. “Now there are 100 different wallet addresses holding at least $10 million worth of Bitcoin.” It is reported that since 2018, more than 3 million users have been using Bitcoin for transactions.

Prior to this news, from January 14, 2019, to early June 2020, a community-driven network led by US Congressman David Schweikert was attacked by hackers, resulting in millions of dollars in losses. In response to this vulnerability, Roger Ver, co-founder of Bitcoin ABC, explained to Blockworks, “This is one of the major threats to the entire cryptocurrency ecosystem – they can’t stop this situation.” He also pointed out, “At present, no one knows whether any security vulnerabilities will affect the interests of malicious participants.” “When the stolen person told me this information, I thought it was a disturbing result because it was related to malicious participation… If that’s the case, it would surprise me,” but that is not the case. Despite some issues, such as “how to determine how secure your wallet is and why use it?” According to his statement, developers must ensure that their nodes are not influenced by 51%. In fact, a new fund called “The BUIDLers Funds for Business” (BSF) was created early last year to help companies provide services to retail investors.

BSF Foundation was initially established in the summer of last year when people hoped to fund young entrepreneurs trying to utilize Bitcoin mining, including former Google executive Eric Stone. Due to lack of transparency and oversight, the fund does not support individual customers or businesses accessing their own accounts.

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What’s Going on with the Continuous Drop of BAS Coin? (Latest News on BASH Coin)

Latest News on BASH Coin

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