The muted energy at EthCC(7) highlights the crypto industry's struggle for direction and consumer adoption despite significant growth.
The post EthCC(7) – The quest for adoption continues appeared first on Crypto Briefing.
The post Ethereum ETF Launch To Push Prices to $6K, Says Top Analyst! appeared first on Coinpedia Fintech News
Weekends typically see reduced market activity and lower trading volumes, leading to stability in crypto prices. This weekend, Ethereum found renewed demand for around $3,100. Meanwhile, Prominent crypto analyst Michael van de Poppe predicts that the Ethereum ETF will launch next week. This launch could drive a significant price reversal for ETH, attracting more interest …
Mainnets like Ethereum’s aren’t suitable for major (AAA) game development. The only real solution is a horizontally scalable blockchain coupled with modularity and a gas-free experience for end-users, says Jack O’Holleran, CEO of SKALE Labs.
Bitcoin miner Bitfarms will hold a shareholder vote in October regarding Riot Platform’s takeover bid, according to a July 12 statement. The miner stated that its shareholders of record as of Sept. 26, 2024, will be able to vote at the special meeting it convened at Riot’s behest. Takeover bid This marks the latest development […]
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Bitcoin edges higher while the US dollar flags on the latest PPI inflation data, but BTC price strength has yet to convince analysts.
The crypto tracing company's latest report shines a light on potential money laundering.
A bipartisan group of US senators has proposed the Content Origin Protection and Integrity from Edited and Deepfake Media Act (COPIED), in a historic action to counteract the growing use of artificial intelligence (AI) deepfakes. Related Reading: Crypto Craze: Republicans See Digital Currency Shaping 2024 Elections — Survey Under direction by Senators Maria Cantwell (D-WA), […]
The post Altcoins Like XRP Will Soon Show Signs of Life, Here’s Why appeared first on Coinpedia Fintech News
Currently the spotlight is on the Bitcoin price chart and the current state of the crypto and altcoin markets. Analyst Blockchain Backer said that while ETFs are crucial, but historically, the cryptocurrency market performs well during risk-on periods. While there are various narratives around crypto, such as sound money and block reward halvings, the reality …
Centralized exchanges' role in laundering illicit crypto funds highlights the need for stricter regulations and enhanced AML measures to combat cybercrime.
The post Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report appeared first on Crypto Briefing.
Bitcoin Core developers have historically disclosed just 10 vulnerabilities affecting older software versions, as reported by Bitcoin Optech. The vulnerabilities, fixed in more recent releases, could have allowed various attacks on nodes running outdated Bitcoin Core versions. The vulnerabilities are relevant given that Bitcoin Core developers recently introduced a new security disclosure policy to improve […]
The post 6% of Bitcoin nodes running outdated software vulnerable to exploits appeared first on CryptoSlate.
The post From $0.38 to $0.47 – 22% in XRP Rise and the Big News Behind It appeared first on Coinpedia Fintech News
Good News for XRP Lovers as Ripple Joins CME Group and CF BenchmarksXRP lovers received good news on the early morning of July 12. Starting July 29, the XRP Dollar reference rate and indices will be included in the CME Group and CF Benchmarks. Being listed here is a huge milestone for Ripple. XRP Twitter …
Which cryptocurrency wallets are good alternatives to MetaMask?
Litecoin has been under intense selling pressure in the past few months. After peaking in April, the coin has been trending lower, looking at the arrangement in the daily chart. There is strength at spot rates. So far, LTC is up 20% from July lows and continues to peel back losses. The expansion in price also comes amid other positive developments, at least from on-chain developments. Is Litecoin A Whale Haven? According to IntoTheBlock, there has been a significant uptick in on-chain transfers on the proof-of-work network. As of July 12, the network has processed $2.85 billion worth of transactions, each averaging at least $100,000. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH This level translates to over half of the network’s market cap. Most importantly, Litecoin is doing far better than top altcoins. IntoTheBlock data shows that though Dogecoin has roughly 3X the market cap of Litecoin, it only sees $590 million in large transfers daily. The huge difference means Litecoin attracts more whales, most likely drawn to the network’s security and low fees. Litecoin has not changed, and its original mandate of complementing Bitcoin remains. It operates as a proof-of-work network powered by miners who must commit to buying new gear and updating it regularly to be competitive. As of July 13, Litecoin had a hash rate of 1.01 PH/s, according to Coinwarz. Despite Litecoin’s Halving in 2023, more miners are unfazed by falling rewards and continue to secure the network. MWEB Private Transactions Rising, LTC Unfazed By Short-Term Price Fluctuations The spike in Litecoin transactions also comes amid the increasing adoption of Mimble Wimble (MWEB). According to MWEBexplorer data, MWEB transactions have doubled in the past few days. This surge points to a rising preference for private transactions among Litecoin users. Through MWEB, users can send private transactions. Though MWEB transactions are more expensive, coming in at $0.00267 versus $0.0008 for ordinary transactions, it is relatively cheaper than transacting on Bitcoin. According to YCharts, the average Bitcoin transaction fee now stands at $1.487, up from 1.163 recorded yesterday. Related Reading: Analyst Upbeat On USTC, Sees Price Soaring Over 300% With more transactions posted on Litecoin, LTC holders are equally unfazed by dropping prices; a whopping 71% are in the red. As of July 12, IntoTheBlock data reveals that 77% of LTC holders have held their coins for over a year. Only 6% bought LTC within the last month. Feature image from DALLE, chart from TradingView
The European Union has confirmed its collaboration with ChromaWay to develop blockchain-based sustainability solutions.
Justin Sun, the founder of the Tron blockchain has reaffirmed his unwavering commitment to the ongoing development of the Tron blockchain network, following a significant legal victory in the People’s Court of China against the Chongqing Business Media Group, which had previously accused him of fraudulent activities. Tron Blockchain Services Will Continue Globally The Tron […]
The UK Law Commission has released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities created for a shared goal, like investing in start-ups or purchasing a historical document like the Constitution. Market observers see these organizations as the future of corporate governance. Key […]
The post UK Law Commission sets roadmap to identifying legal status of DAOs appeared first on CryptoSlate.
Genesis Trading transferred over 12,600 Bitcoin to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.
The post Annual US PPI Rises To 2.6% Higher Than Market Expectations appeared first on Coinpedia Fintech News
As per the latest release by The U.S. Bureau of Labor Statistics on Friday, the annual Producer Price Index (PPI) inflation in the United States rises to 2.6%, higher than market expectations of 2.3, up from 2.2% last month. Core PPI YoY also came 0.5% higher at 3.0%, much higher than 2.3% in the previous …
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.
The conclusion of the probe into the company formerly known as Blockstack, which raised $70 million via token sales from 2017 to 2019, is another win for the crypto industry in its years-long struggle with the regulator.
In a resolution submitted to Congress, Reps. French Hill and Rich McCormack called for the release of Tigran Gambaryan from Nigerian custody.
Whale accumulation and ETF inflows during the dip indicate strong long-term confidence in Bitcoin, despite current market volatility and liquidations.
The post Whales add 71,000 BTC to their holdings during the dip appeared first on Crypto Briefing.
The post Ethereum ETF Set To Launch Next Week: Is ETF’s Impact on ETH Price Highly Underestimated? appeared first on Coinpedia Fintech News
The German government has left with nearly 5000 BTC after selling more than 90% of their balance in the past few days. This has pushed the market and the participants into disbelief as the selling pressure continues to mount without enough participation from the bulls. While Bitcoin is struggling to hold $57,000, Ethereum’s price is …
Cardano (ADA) lately has been steadily climbing toward the $0.4233 resistance level. This upward movement which has persisted for a while now is raising curiosity among market participants as to whether the crypto asset can continue to maintain its bullish momentum and break through this significant resistance level. Also, Cardano’s recent price performance has showcased its potential for further growth. As ADA continues to maintain its steady upward trajectory, this article delves into exploring this current price action and analyzes technical indicators to determine if the crypto asset can hold its gains and push beyond the $0.4233 resistance mark or face a pullback and begin the drop again. With a market capitalization of more than $14 billion and a trading volume of more than $304 million as of the time of writing, the price of Cardano is currently down by 1.82%, trading at around $0.4008 in the last 24 hours. ADA’s market cap and trading volume are currently up by 1.73% and 41.13% respectively. Assessing ADA’s Potential To Break Through $0.4233 Currently, on the 4-hour chart, the price of ADA is gradually rising with steady momentum and making a move with strong bullish momentum toward the $0.4233 resistance mark. Furthermore, it is evident that the cryptocurrency asset has broken above the 100-day Simple Moving Average (SMA). The formation of the 4-hour Relative Strength Index (RSI) also suggests a continued steady bullish rise for ADA’s price toward $0.4233 as the signal line of the indicator has been maintaining a constant movement above 50% and is attempting a move into the overbought zone. On the 1-day chart, although the crypto asset price is still trading below the 100-day SMA, it has been on a steady rise toward the $0.4233 resistance mark. If this upward momentum persists, Cardano could reach this mark and break through it. Lastly, an analytical examination of the formation of the 1-day RSI reveals that Cardano could sustain its bullish momentum and attain the $0.4233 mark as the signal line of the indicator has risen above 50%. Can Cardano Sustain Its Momentum? If Cardano can maintain its current bullish momentum to reach the $0.4233 mark and close above, it may continue to move upward to test the $0.5229 resistance level. When this level is breached, the digital asset may experience further price gain toward the $0.6822 resistance level and possibly other levels above. Conversely, If ADA’s price faces a pullback at $0.4233, it will start to decline once more, heading back toward the $0.3389 support level. Furthermore, Cardano may see further price decline to test the $0.2388 support level and perhaps other levels below if this $0.3389 point is broken. Featured image from Adobe Stock, chart from Tradingview.com
BTC prices fell after Thursday’s U.S. CPI readings, dragging down the broader crypto market.
Local experts note that if Nigeria adopts a foreign blockchain it would be difficult for the country to stamp its influence on key blockchain decisions.
Quick Take According to Arkham Intelligence, the German government continues its strategy of offloading Bitcoin. Currently, the German government holds 6,894 BTC, valued at approximately $394.50 million. This figure represents 13.8% of the total Bitcoin initially seized by the government. On July 12, Germany sold an additional 2,700 BTC worth $154.60 million, directing these funds […]
The post El Salvador’s daily buys poised to outpace German Bitcoin stash appeared first on CryptoSlate.
The Shiba Inu Marketing Lead, Lucie, has provided more insights into what to expect from the SHIB Marketplace. The Shiba Inu team has teased this upcoming project for a while now, with the marketplace expected to launch soon enough. The Power Of The SHIB Marketplace In an X (formerly Twitter) post, Lucie highlighted the SHIB […]
Deutsche Bank-backed Taurus recently received approval from FINMA to offer tokenized securities to retail investors through the TDX marketplace. Lamine Brahimi, Co-Founder and Managing Partner at Swiss-based Taurus discussed the regulatory challenges faced and the navigation process with CryptoSlate. Since April 2018, Taurus has concentrated on developing institutional-grade technology and processes. Demonstrating compliance, anti-money laundering […]
The post Increasing tradFi partnerships open door to retail access for tokenized securities appeared first on CryptoSlate.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.