In recent years, the price of Cardano (ADA) has not always reacted positively to Charles Hoskinson’s negative comments about Bitcoin (BTC).ADA Price Drops 75% After Hoskinson Criticizes BTCWhat’s notable is that in the nearly two years since Hoskinson questioned Bitcoin’s viability in his interview with Cointelegraph, the ADA/BTC trading pair has fallen by 75%. In an October 2022 conversation, Hoskinson argued that BTC should not be used on the Bitcoin blockchain network, but should be used as a wrapped asset on a faster blockchain like Cardano or Ethereum.At that time, ADA/BTC was trading at a high of 2,188 satoshis (1…
Author: Crypto Flexs
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This article is also available in Spanish. Bitcoin price has started another downtrend below the $57,200 zone. BTC is in a downtrend and may soon test the $55,000 support zone. Bitcoin is gaining speed below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly simple moving average. The bullish trend line connecting the support level at $58,900 has broken down on the hourly chart of the BTC/USD pair (data provided by Kraken). The pair may struggle to recover above the resistance levels of $57,650 or $58,000 in the short term. Bitcoin price hit Bitcoin price…
Solana’s ETP inflows surge 7,600% despite overall market downturn Solana has shown significant resilience since the beginning of the year, outperforming both Bitcoin and Ethereum. Despite the overall cryptocurrency market downturn in September, some coins showed remarkable resilience. While many assets have struggled, certain cryptocurrencies have stood out by maintaining stability or even gaining popularity during these difficult times. Solana is better As highlighted in the latest CoinShares report, Solana (SOL) is the top performing cryptocurrency investment. SOL’s exchange-traded product (ETP) saw a whopping 7,600% inflows in just one week, soaring from $100,000 to $7.6 million. This surprising surge brings…
Policy • September 3, 2024 10:38 PM EDT Posted 1 minute earlier ~ in Updated: September 3, 2024 10:44 PM EDT Lara Trump and Tiffany Trump’s X accounts appeared to have been hacked earlier today, posting about tokens associated with World Liberty Financial. The posts have since been deleted, and the accounts are now locked by X.Former US President Donald Trump’s Cryptocurrency Project World Liberty Financial I warned you In a Telegram channel for X and the project, it was revealed that the X accounts of Lara (Eric Trump’s wife) and Tiffany (Donald Trump’s daughter) had been compromised, and the…
Rebecca Moen Sep 4, 2024 02:45 The Ethereum Foundation has launched a new round of data collection grants aimed at improving the understanding and robustness of the Ethereum network. According to the Ethereum Foundation blog, the Ethereum Foundation has announced a new grant focused on data collection initiatives aimed at increasing understanding and robustness of the Ethereum network. Apibara: Open Source Data Platform One notable project receiving support is Apibara, an open source data platform. The project integrates Ethereum Execution and Consensus Layer data into Apibara, allowing developers and researchers to sync on-chain data…
According to a Web3 gaming executive, the sheer number of blockchains is creating problems for blockchain gaming. According to Sebastian Borje, co-founder of The Sandbox and president of the Blockchain Game Alliance, the sheer number of blockchains means that users are spread across many different networks, none of which boasts a massive user base. Borget told Web3 Gamer that one of the industry’s biggest challenges is that there is “too much blockchain.” Gaming companies need to figure out which blockchain ecosystem to choose among the many options available, including Layer 1, Layer 2, and Layer 3 blockchains such as ImmutableX,…
The Bitcoin (BTC) price has fallen 6.5% over the past seven days, and the decline continued on September 3rd, with the DOW down 1.2%. The S&P 500 fell 1.3%, and the Nasdaq Composite fell 1.8% over the same period. Some traders attribute the decline to the Bank of Japan (BoJ) statement, saying it is reigniting recession concerns about the health of the global economy. BTC/USD hourly chart. Source: TradingViewMarkets fell again on Tuesday, September 3, after the Bank of Japan signaled further interest rate hikes, according to Bloomberg.In a document submitted to a government committee chaired by former Prime Minister…
The cryptocurrency market took another hit on September 3, with the total market cap dropping by over 1.5% to around $2.3 trillion. The plunge left many market participants questioning the key catalyst for this downturn and how much longer it will last. 24-hour performance of major cryptocurrencies. Source: Coin360Let’s take a look at the factors that have caused the cryptocurrency market to decline today.Cryptocurrency Prices Plummet on Weak Manufacturing DataCryptocurrency markets are also selling off, mirroring the weakness experienced by U.S. stock markets, with the S&P 500 seeing its biggest drop since the market crash on August 5. The S&P…
The Threshold community has proposed merging tBTC and WBTC. This proposal stemmed from concerns about the stability of WBTC due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens and become a key stakeholder in the Threshold Network. As part of a strategic move to secure the future of Wrapped Bitcoin (WBTC), a proposal has been put forward to merge Threshold’s decentralized tBTC token with BitGo’s WBTC, titled “#saveWBTC – Merge with Threshold’s tBTC.” The proposal, currently being discussed on the Threshold forum page, comes as concerns grow within the cryptocurrency community about the stability of…
Exchange • September 3, 2024 4:40 PM EDT Posted 1 minute earlier ~ in Binance, the world’s largest cryptocurrency exchange Solana brush -6.18% According to an announcement made on Tuesday, the staking product will be launched by the end of September.The so-called BNSOL tool allows users to stake their SOL tokens to earn a portion of the fees paid by the network, while also minting liquid staking tokens that can be used while the underlying tokens are locked.“Unlike basic staking that locks up assets, BNSOL is an ideal solution for those looking to maximize the potential of their staked Solana…