The technology could also help detect diseases such as cancer.
The technology could also help detect diseases such as cancer.
Cardano founder Charles Hoskinson made something of a bold move toward beefing up security when he issued a challenge that riled up the crypto community. Related Reading: Bitcoin ETFs Attract Solid Institutional Ownership Growth In Q2 – Details In his keynote speech at the Rare Evo 2024 event, Hoskinson issued a challenge to anyone who […]
Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.
Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.
In the last two years, Bitcoin (BTC) has produced a strong positive price performance gaining by over 300% since the start of 2023. In 2024 alone, the crypto market leader has surged by 40% notably reaching a new all-time high of $73,750 in March. However, recent price developments indicate that Bitcoin’s upward price trajectory may […]
This may be the first tokenized church in the world.
This may be the first tokenized church in the world.
Many might argue that XRP has finally been set free from the shadow cast behind by the SEC-Ripple lawsuit, but the cryptocurrency price can’t seem to catch a break. The legal battle, which had loomed over XRP for years, finally reached a turning point with Ripple’s recent penalty in court. Despite this, the price of […]
Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools.
Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools.
With the general sentiment in the market cooling down, AAVE scores a win as it maintains high profitability even as the market dips slightly. According to CoinGecko, the token is up over 18% since last week, a sign that AAVE is continuing the market’s bullishness despite the latter grinding to a near stop. Related Reading: Polkadot (DOT) Investor Confidence Falls As Token Loses 16% AAVE is looking to expand the reach of its operations with a proposal that sees to activate the Aave v3 on zkSync, leveraging the latter’s rollup capabilities to keep transactions cheap for users. Yes To Aave v3 Activation On zkSync Aave v3’s activation on zkSync is part of a long-term deployment of Aave v3 on the zkSync chain. It was first outlined back on June 11th, citing zkSync’s scalability and efficiency while “maintaining the security and decentralization of the Ethereum mainnet… Deposit and borrowing activities can greatly benefit from the reduced transaction costs and increased throughput offered by zkSync.” Once activated, users of Aave can expect low transaction fees and fast finalization which helps improve user experience while enhancing the network’s scalability. The voting process for the proposal is still ongoing, but the general consensus at the moment is an outstanding “Yes” for the community with nearly 47,000 votes in favor of activation. However, the proposal needs 320,000 votes to pass, giving more time for users to weigh in the pros and cons of the activation. Secured Levels Open Opportunities For AAVE As of writing, AAVE returned to its pre-August level at $110.43, opening the potential of reaching $124 in the short term. But this also opens the question of whether the crypto has momentum to reach this price target. The $105-$115 price range opens the door to higher levels once bullishness resumes. With the market stagnating after a couple of days of bullish action, we might see the coin rest on this price level before a continuation rally occurs next week. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has ‘A Great Chart’ However, this movement is hinging on the probability that the market resumes its bull run. If the market sentiment continues to encourage selling, we might see the token return to pre-$100 levels in the coming days, possibly to the $93 floor price. But the current relative strength index (RSI) figures suggest that AAVE still has some wiggle room to squeeze some short-term gains. Along with improving macroeconomic factors, we might see another wave of capital inflow from budding retail investors trying the market out for some time. Investors and traders should be positive within the coming days, as the token stabilizes around the current price range to retain momentum for the long term. Featured image from Shrimpy Academy, chart from TradingView
It’s already been a year since the launch of Shibarium took the meme coin niche and the entire crypto community by storm. Shibarium was launched on the Shiba Inu mainnet on August 16, 2023, after months of meticulous planning and development. Related Reading: Bitcoin ETFs Attract Solid Institutional Ownership Growth In Q2 – Details Shibarium […]
The FIRS’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital asset.
It appears now that Donald Trump’s financial landscape has changed drastically. He was a vocal critic of cryptocurrencies, but now he has large assets in Ethereum and other digital currencies. Related Reading: Bitcoin ETFs Attract Solid Institutional Ownership Growth In Q2 – Details Recent disclosures reveal that Trump possesses between $1 million and $5 million […]
After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space. This has resulted in them …
Crypto users bet millions on Polymarket to guess what the former president would say. Most were left disappointed.
Amidst the general financial market crash in early August, Ethereum (ETH) lost about 30% of its value, falling to $2,226 per unit. Notably in the last few weeks, the prominent altcoin has shown much resilience climbing back into the $2,600 price region. Albeit, this recent price retracement is accompanied by much uncertainty on how long Ethereum can sustain such upward momentum. Commenting on this dialogue, CryptoQuant analyst ShayanBTC has postulated that Ethereum may likely resume its bearish course. Related Reading: Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation Ethereum Price To Suffer From Sellers’ Dominance In a QuickTake post on Saturday, ShayanBTC shared that the Taker Buy/Sell Ratio indicated that Ethereum may be set for more price loss in the coming days. To explain, the Taker Buy/Sell Ratio is an analysis tool that gauges the balance between aggressive buying and selling activity. It is calculated based on the volume of taker buy orders and taker sell orders. As common with other indicators, a Taker Buy/Sell ratio above one suggests there is an upward market momentum with more aggressive buyers than sellers and a ratio below one represents a downward market pressure with the opposite scenario. According to ShayanBTC, after recently failing to surpass the $3000 price resistance, Ethereum’s Taker Buy/Sell Ratio declined drastically as evidenced by the asset’s price movement. As expected, the metric also experienced a rebound following ETH’s recent price gains. Albeit, the Taker Buy/Sell Ratio could not rise above 1 staying in the zero region, which indicated a lack of sufficient buying pressure allows the sellers to retain market control. However, ShayanBTC reports that the TakerBuy/Sell Ratio has once again declined indicating that sellers are preparing to offload their assets, potentially causing an Ethereum price fall. The analyst calls for caution, stating that the ETH market will require a massive rise in demand to avoid resuming the downward price movement. Related Reading: Brace For Impact: Ethereum Price Could Plunge To $1,200 In December, Says Expert ETH Price Overview According to data from CoinMarketCap, Ethereum currently trades at $2,610 reflecting a minor 0.61% gain in the last day. However, the asset’s performance on larger time frames is still unimpressive with a decline of 23.93% in the last month. With persistent gains, the most prominent altcoin is set to encounter an early resistance at the $2,700 price region. If buying pressure proves sufficient, ETH could move past this barrier rising as high as $3,000. On the other hand, a massive selling pressure as indicated by the Taker Buy/Sell ratio can force the asset’s price as low as $2300. Featured image from Adobe Stock, chart from Tradingview
As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
According to the latest on-chain data, a crypto company has redeemed and transferred a significant amount of Ether tokens from the staking platform Lido to the cryptocurrency exchange Binance. Could this hold a bearish consequence for the Ethereum price? Is ETH Price Preparing For Further Correction? According to data from Arkham Intelligence, digital asset management firm Metalpha redeemed 10,000 ETH (worth about $26 million) from the liquid staking platform Lido on Saturday, August 17. Following the withdrawal to the Metalpha-labeled Gnosis Safe Proxy wallet, the Ether tokens were then sent to Binance, the world’s largest cryptocurrency exchange. Related Reading: Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals It is worth keeping an eye on this type of asset movement, especially considering the direction and magnitude of this transfer and the potential impact on the Ethereum price. Moreover, these fund movements could provide an insight into the sentiment amongst institutional and large investors at the moment. As shown on Arkham’s dashboard, the ETH tokens were transferred from a Gnosis Safe Proxy wallet to a wallet on the Binance exchange. Gnosis Safe Proxy wallets are known for their multi-signature feature, which requires authorization from multiple parties to execute a transaction. While the multi-sig nature of the sender wallet is quite interesting, the move of assets to a custodial wallet on a centralized exchange is an even bigger narrative. Typically, when investors transfer their digital assets to an exchange, it implies that they want to utilize one of these centralized platform’s services, which includes selling. Consequently, the latest flow of Ether tokens to the Binance platform could carry bearish consequences for the Ethereum price, if Metalpha does intend to sell with this move. With the rationale behind this move unknown, it remains to be seen whether the altcoin will feel downward pressure off the back of the transaction. Ethereum Price At A Glance As of this writing, the ETH token has yet to witness any significant price movement in the last few hours. Instead, the Ethereum price has continued to consolidate around the $2,600 level, with a mere 0.5% increase in the past day. Nevertheless, the second-largest cryptocurrency is in a much better position than it was less than two weeks ago. The Ethereum price has shown good signs of recovery after falling to a multi-month low of $2,200 in early August. Related Reading: Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline On the broader timeframe, though, the price of ETH seems to have lost the momentum it displayed earlier in 2024. According to data from CoinGecko, the price of ETH is still down by nearly 25% in the past month. Featured image from Shutterstock, chart from TradingView
According to the latest data, the world’s largest asset manager BlackRock has added another feather to its cap, becoming the company with the largest crypto exchange-traded fund (ETF) holdings. Here’s How BlackRock’s ETFs Compare To Grayscale’s Funds Crypto intelligence platform Arkham revealed in a post on X that BlackRock has usurped Grayscale to become the […]
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024.
Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its "final move" to 60% either in September or, at the latest, by December 2024.
The altcoin leader, Ethereum price continues hovering close to its $2,500 level, indicating weak buying and selling pressure for this crypto token in the market. Notably, it is presently trading with a price tag of $2,584.36 and has a market cap of approximately $305 Billion. On the other hand, lesser-known ETH-based altcoins have gained significant …
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
US gov’t won’t sell $590M Bitcoin on Coinbase. Does Harris plan to continue Biden’s crypto crackdown? Hodler’s Digest
Nasdaq and NYSE have reportedly shelved plans on Bitcoin ETF options, proving a massive dampener for all those investors looking for more accessible cryptocurrency trading. This comes in as both the exchanges have called back their applications meant to list and trade options based on Bitcoin ETFs. In a move that we could say is […]
History is littered with failed predictions about the future of technology. Have we learned anything along the way?
The rollback to permissioned fraud proofs and upcoming hard fork highlight the ongoing challenges in achieving secure and decentralized blockchain systems.
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