Firedancer is a highly anticipated new validator client for the Solana blockchain and its creator is calling on devs to look high and low for any critical bugs.
The post Top Four Best Cryptos To Buy Now appeared first on Coinpedia Fintech News
The market sentiment has been dwindling for the upcoming bull market later this year in 2024 and into 2025. However, analyst Altcoin Buzz said that there is excitement revolving around interoperability in the crypto space. Specifically, there is a focus on projects that offer cross-chain information and messaging platforms, including bridges and Layer 0 chains. …
The post Crypto Investment Strategy: Top 5 Best Bet Altcoins Amid Market Crash appeared first on Coinpedia Fintech News
In a recent video, analyst Michaël van de Poppe delves into the ongoing crypto crash and why his altcoin strategy failed. All this and much more! Read on. Understanding the Current Crypto Crash Van de Poppe begins by noting the significant downturn in the crypto market, with altcoins like Arbitrum and Optimism hitting unprecedented lows …
The post Bitcoin Miner TeraWulf Is Open To Merger To Widen Profit Margin appeared first on Coinpedia Fintech News
Bitcoin mining firm TerraWulf says it would consider a merger if there’s an opportunity to widen its profit margins. This comes following the expectations of more mergers and acquisition offers in the mining sector, following the latest Bitcoin halving. TeraWulf is focusing more on “organic growth” at its existing sites and shareholder returns. TeraWulf mines …
The post Golem Makes Large ETH Transfers, Initiates Ethereum Staking Tests appeared first on Coinpedia Fintech News
Golem has attracted attention with the large ETH transfers to crypto exchanges. In the last 37 days, approximately $115 million worth of 36,000 ETH was transferred to leading exchanges like Binance, Coinbase, and Bitfinex. Despite the large transfers, Golem still holds a reserve of 231,400 ETH, valued at approximately $656 million. Recently, Golem Network announced …
Dogecoin struggled to recover above the $0.1150 resistance zone against the US Dollar. DOGE is consolidating and might extend losses below $0.100. DOGE price is struggling to clear the $0.1150 resistance zone. The price is trading below the $0.1080 level and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1080 and $0.1150 to gain bullish momentum. Dogecoin Price Takes Hit After a decent recovery wave, Dogecoin price remained below the $0.1150 resistance zone. DOGE formed a high near $0.1141 and recently started a fresh decline like Bitcoin and Ethereum. There was a move below the $0.1080 support level. The price dipped below the 50% Fib retracement level of the upward move from the $0.09134 swing low to the $0.1141 high. However, the bulls are now active near the $0.100 zone. Dogecoin is now trading below the $0.1080 level and the 100-hourly simple moving average. It is also above the 61.8% Fib retracement level of the upward move from the $0.09134 swing low to the $0.1141 high. If there is a fresh increase, the price might face resistance near the $0.1050 level. There is also a short-term bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward the $0.1150 resistance. Any more gains might send the price toward the $0.1250 level. The next major stop for the bulls might be $0.1320. More Downsides In DOGE? If DOGE’s price fails to gain pace above the $0.1150 level, it could continue to move down. Initial support on the downside is near the $0.100 level. The next major support is near the $0.0950 level. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might decline toward the $0.0850 level. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.100, $0.0950 and $0.0850. Major Resistance Levels – $0.1050, $0.1080, and $0.1150.
The post With Bitcoin Under $56K, Why Is The Crypto Market Crashing Today? appeared first on Coinpedia Fintech News
With a 4% drop on Sunday, the bears overwhelmed the Saturday recovery in Bitcoin and put the altcoins market back into the bear zone. Undermining the chances of a recovery week, the increasing supply influences a downfall this Monday in the early Asian trading hours. Bitcoin is trading at $55,269 with an intraday loss of …
XRP price is struggling below the $0.4250 support zone. The price is consolidating losses and might struggle to recover above the $0.450 resistance. XRP price struggled to recover above $0.450 and started another decline. The price is now trading below $0.4250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might recover, but the upsides might be limited above $0.4350 and $0.450. XRP Price Moves In The Red Zone XRP price struggled to clear the $0.450 resistance and started a fresh decline, like Bitcoin and Ethereum. The bears took control and pushed the price below the $0.4320 support. The pair even declined heavily below the $0.4250 support level. There was a drop below the 50% Fib retracement level of the upward move from the $0.3826 swing low to the $0.4498 high. The bulls are now trying to protect the $0.4050 support zone. It is now trading below $0.4250 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4160 level. The first major resistance is near the $0.420 level. There is also a connecting bearish trend line forming with resistance at $0.420 on the hourly chart of the XRP/USD pair. The next key resistance could be $0.4220. A clear move above the $0.4220 resistance might send the price toward the $0.4380 resistance. The next major resistance is near the $0.450 level. Any more gains might send the price toward the $0.4650 resistance. More Losses? If XRP fails to clear the $0.420 resistance zone, it could start another decline. Initial support on the downside is near the $0.4050 level or the 61.8% Fib retracement level of the upward move from the $0.3826 swing low to the $0.4498 high. The next major support is at $0.40. If there is a downside break and a close below the $0.40 level, the price might continue to decline toward the $0.3750 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4050 and $0.400. Major Resistance Levels – $0.420 and $0.4380.
CoinDesk 20 Down 7%, Bitcoin Sinks by 5%, as Market Tumbles as Asia Trading Week Begins
Metaplanet's continued Bitcoin investments highlight a growing trend of companies using cryptocurrency as a hedge against economic instability.
The post ‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin appeared first on Crypto Briefing.
Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,000 zone. Ethereum Price Remains At Risk of More Downsides Ethereum price failed to start a recovery wave above the $3,080 and $3,120 resistance levels. ETH started another decline below the $3,000 support zone like Bitcoin. There was a move below the $2,950 and $2,920 support levels. The price declined 6% and even tested the $2,820 support. A low was formed at $2,825 and the price is now consolidating losses. The price is showing a lot of bearish signs and testing the 23.6% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low. Ethereum is trading below $3,000 and the 100-hourly Simple Moving Average. If there is a recovery wave, the price might face resistance near the $2,920 level. The first major resistance is near the $2,950 level. There is also a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low. The next major hurdle is near the $3,000 level. A close above the $3,000 level might send Ether toward the $3,080 resistance. The next key resistance is near $3,120. An upside break above the $3,120 resistance might send the price higher toward the $3,250 resistance zone. More Losses In ETH? If Ethereum fails to clear the $2,950 resistance, it could continue to move down. Initial support on the downside is near $2,820. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,820 Major Resistance Level – $2,950
Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $58,000 resistance zone. Bitcoin Price Turns Red Bitcoin price started a recovery wave above the $57,000 level. BTC even climbed above the $58,000 level. However, the bears were active near the $58,500 resistance zone. A high was formed at $58,396 and the price started a fresh decline. There was a drop below the $57,000 and $56,500 level. A low has formed near $54,301 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the downward move from the $58,396 swing high to the $54,301 low. Bitcoin price is still trading below $56,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $56,000 level. The first key resistance is near the $56,400 level. There is also a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the downward move from the $58,396 swing high to the $54,301 low. A clear move above the trend line might send the price toward the $57,400 level. The next key resistance could be $58,400. A close above the $58,40 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $60,000 resistance in the coming sessions. More Losses In BTC? If Bitcoin fails to climb above the $56,400 resistance zone, it could continue to move down. Immediate support on the downside is near the $54,400 level. The first major support is $53,650. The next support is now forming near $53,200. Any more losses might send the price toward the $52,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $54,400, followed by $53,500. Major Resistance Levels – $56,400, and $58,400.
The roundtable could significantly influence crypto regulation and political strategies, potentially impacting the 2024 presidential election.
The post Mark Cuban, Brad Garlinghouse expected to talk crypto at Democrat’s roundtable this week appeared first on Crypto Briefing.
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack.
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack.
The post Vitalik Buterin Transfers 100ETH To A Multisig Contract appeared first on Coinpedia Fintech News
Ethereum co-founder Vitalik Buterin transferred 100 ETH worth about $300,000 to the multi-signature contract: 0x82…a9FE at 19:44 UTC+8 today, which is supposed to be a donation to 2077 Collective. 2077 Collective is a group of community-driven and passionate Ethernauts, who believe that Crypto has the potential to give people across the world unprecedented levels of …
The post Lido DAO Votes To Appoint Entity to Respond To Pending Class Action Litigation appeared first on Coinpedia Fintech News
In the after-events of a class-action lawsuit filed against Lido DAO in the United States, the Ethereum staking service has recently started voting to appoint an entity to respond to the pending class-action litigation. The voting went live on snapshot.org, gaining significant traction across the broader market. The proposal suggests authorizing Dolphin CL, LLC to …
The post Terra Luna Classic Staking Ratio Surges To 15% With Over 1T LUNC Staked appeared first on Coinpedia Fintech News
According to the latest data from Terra Classic Foundation, over 1.017 trillion LUNC has been staked on the network. At the current price, this Terra Luna Classic staked reserve is valued at $70.15 million. Moreover, the staking ratio has now surged to a high of 15.01%. Binance had earlier and burned 1.7 billion LUNC tokens …
The post Nvidia Agrees With Court On A Set Date To Address Legal Challenges appeared first on Coinpedia Fintech News
Nvidia is currently navigating a complex legal landscape as it contends with a high-profile lawsuit that could have significant implications for its market position. The chipmaker has recently agreed with the court on a set date to address the legal challenges it faces, amidst broader market headwinds. The lawsuit stems from allegations that Nvidia misled …
The post Binance Accused Of Unauthorized Transactions By Central Bank Of Nigeria appeared first on Coinpedia Fintech News
The Central Bank of Nigeria (CBN) alleges that Binance performed banking services without proper authorization. The Nigerian government has accused Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, of conspiring to obscure the origins of $35.4 million in financial proceeds from illegal activities in Nigeria. It was also stated that Binance’s website misled Nigerians …
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.
The post Bitfinex To Refund Investors in Failed Hilton Hotel Venture appeared first on Coinpedia Fintech News
Bitfinex Securities has said that it would refund investors of its Hilton hotel venture at El Salvador’s international airport after it failed to attract the $500,000 minimum funding needed to continue. The project only gathered $342,000 from investors before the first deadline i.e. barely 5% of the $6.25 million it was looking to raise. Bitfinex …
The country’s current progress appears to be on par with Elon Musk’s Neuralink.
The country’s current progress appears to be on par with Elon Musk’s Neuralink.
Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS.
Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS.
Onchain Highlights DEFINITION: The cumulative balance of Bitcoin stored in addresses associated with Over-The-Counter (OTC) desks is represented in this metric. Bitcoin’s total OTC desk balance demonstrates notable trends correlated with price fluctuations. The chart from CryptoQuant highlights the relationship between Bitcoin price movements and OTC desk balances, which have shown significant activity throughout 2024. […]
The post Bitcoin OTC desk balances hit over 300,000 BTC appeared first on CryptoSlate.
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.