The Bitcoin (BTC) price is trading 16% higher than its local low of $52,546 recorded on September 6, and analysts believe this reversal could be the start of a new all-time high. “Bitcoin’s local structure has turned bullish again here after closing above its previous September high, while also confirming a higher low,” independent Bitcoin analyst Zell wrote in a September 17 post on X.Gel mentioned Bitcoin’s recent high of $60,670 recorded on September 13, which was higher than the September 3 high of $59,830. According to the analyst, this setup suggests that the market is strong enough to overcome…
Author: Crypto Flexs
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Circle, the second largest stablecoin issuer USDC -0.08% Plans to launch dollar-denominated tokens on Layer 1 blockchain Sui Sui +13.53% According to Circle co-founder and CEO Jeremy Allaire, it could be launched as early as next week. The move comes amid a series of announcements from the stablecoin giant, including: MoviePass and USDC, which allow users to pay for subscriptions with cryptocurrency, are launching in Brazil and Mexico. This is Circle’s 15th blockchain integration since launching USDC in partnership with Coinbase in 2018. The token is the sixth-largest cryptocurrency by market cap and circulating supply. According to the block, it’s…
XRP is showing signs of a surge, and analysts are predicting a huge rally. On-chain data shows a decline in active addresses, raising questions about the strength of the bullish trend. Ripple (XRP) was trading at $0.5842 at the time of writing, up 1.8% and continuing its steady recovery over the past few weeks. In the past seven days alone, XRP has gained 7.3%, sparking optimism among investors and analysts. This recovery came during a period of high overall market volatility, with XRP underperforming relatively compared to other major cryptocurrencies. Analysts point to a seven-year compression pattern. Renowned cryptocurrency analyst…
James Ding 17 Sep 2024 16:33 Harry Grieves and Ben Fielding discuss the importance of building Gensyn, a distributed machine learning computing protocol, and what it means for the future of technology. Harry Grieve and Ben Fielding, two of Gensyn’s key figures, recently shared insights into their groundbreaking project in a talk hosted by a16z crypto. Gensyn is a decentralized machine learning computing protocol designed to facilitate AI model training on any computing device in the world. The importance of decentralization According to a16z crypto, Greaves and Fielding highlighted the important role of permissionless,…
This article is also available in Spanish. The price of XRP has experienced a notable surge in recent days against the backdrop of the broader cryptocurrency industry. As of this writing, many cryptocurrencies have begun to reverse their seven-day uptrends as Bitcoin failed to break $60,000 on Monday. However, XRP has continued to hold firm, posting a gain of 2.23% in the last 24 hours. This positive price action has been gaining traction within the cryptocurrency community. Significant potential breakthrough. Analysts Name $0.75 as Key Target EGRAG CRYPTO’s highlight XRP’s $0.75 price mark is based on the XRP/USD price chart…
Bitcoin (BTC) price rose 6.4% in less than 12 hours on September 17, breaking $61,000 for the first time in three weeks. However, despite this price gain, sentiment in the derivatives markets appears to have not improved, and Bitcoin bulls are concerned. Is Bitcoin more likely to hold $60,000, or is it more likely to fall back to the $58,000 range?Investors react to stronger-than-expected macroeconomic data.Bitcoin’s price action was similar to the S&P 500, which hit a record high after macroeconomic data raised the possibility of a 0.50% rate cut by the U.S. Federal Reserve on September 18. U.S. retail…
Wintermute, an algorithmic cryptocurrency trader and liquidity provider, is launching the OutcomeMarket US Presidential Election Prediction Market, powered by Chaos Labs’ Edge Proofs Oracle. HARRIS and TRUMP tokens will be available on multiple blockchains starting the fourth week of September.Permissionless smart contracts developed by Wintermute allow prediction markets to be accessible on Ethereum, Base, and Arbitrum, without requiring users of those chains to wire assets to participate.Flexible and stable prediction marketThe tokens are tradable on any centralized or decentralized platform and can be used in DeFi applications. Bebop, WOO and Backpack will be the first cryptocurrency exchanges to list HARRIS…
Coinbase’s Layer 2 solution continues to lead the scale race, breaking a record on Saturday with over 4.5 million transactions. This milestone solidifies Base’s status as a leading Layer 2, and demonstrates its growing popularity and robust ecosystem.The transaction surge represents a significant leap forward from Base’s already impressive performance, highlighting its rapid adoption and scalability. This growth trajectory places Base well ahead of other Layer 2 solutions and demonstrates Coinbase’s successful strategy in a competitive scaling environment.Coinbase recently launched cbBTC, packaged Bitcoin Bitcoin +3.30% Alternatively, it is possible on both Ethereum and the base network, which keeps activity on…
Alvin Lang 17 Sep 2024 17:05 NVIDIA introduces an observable AI agent framework that uses the OODA loop strategy to optimize management of complex GPU clusters in the data center. Managing large, complex GPU clusters in a data center is a massive undertaking, requiring careful oversight of cooling, power, networking, and more. According to the NVIDIA Technical Blog, NVIDIA has developed an observable AI agent framework that leverages the OODA loop strategy to address this complexity. AI-based observation framework The NVIDIA DGX Cloud team, which manages the global GPU fleet across major cloud service…
A team of three developers proposes a solution to the growing network spam. Stabilizing the minimum deposit will allow the author to cancel the ongoing offer. The price of Terra Luna Classic continued to fluctuate with the consolidation deal. The Terra Luna Classic (LUNC) blockchain is moving towards a major improvement in its governance. Left in the hands of the community since Terra’s system crashed in May 2022, the Terra Classic chain has relied on the random efforts of community developers to bring life back to the battle-scarred chain.Developers, obtain KYC before starting workThe call for transparency doesn’t end there,…