A prominent cryptocurrency analyst says Bitcoin (BTC) could fall below $50,000 if one of its key support levels fails to hold. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,900 followers on social media platform X that the next test for the cryptocurrency king could be a breakout above $70,000 or a crash below $50,000. “I think it’s very simple. If BTC breaks current levels, it will go to $70,000. If BTC doesn’t break current levels, it will go to $40,000 (there may be a bounce in between).” Source: Altcoin Sherpa/X Sherpa said that if BTC’s…
Author: Crypto Flexs
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A prominent cryptocurrency analyst says Bitcoin (BTC) could fall below $50,000 if one of its key support levels fails to hold. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,900 followers on social media platform X that the next test for the crypto king could be a breakout above $70,000 or a crash below $50,000. “I think it’s very simple. If BTC breaks current levels, it will go to $70,000. If BTC doesn’t break current levels, it will go to $40,000 (there may be a bounce in between).” Source: Altcoin Sherpa/X Sherpa said that if BTC’s…
Ether is trading 25% above its eight-month low of $2,112 on August 5. The second-largest cryptocurrency by market cap is on the rise, up 13% over the past seven days.ETH/USD daily chart. Source: TradingViewDespite these achievements, analysts believe that there are still downside risks to Ether (ETH) for now.“I don’t expect ETH to break $2,800-$2,900, but rather remain range bound for some time through August and September,” McKenna, a partner at Arete Capital, wrote in an August 15 post to X.McKenna cited Ether’s recent price action following a recent drop due to market maker Jump Trading dumping ETH and concerns…
Circle, the issuer of the USDC (Circle-United States dollar) stablecoin, recently published a white paper titled: Risk-based capital for stable value tokens; We propose a novel risk-based capital management model for stablecoins and other digital cash tokens.The authors of the paper argue that stablecoins require appropriate capital reserve requirements that go beyond the capital standards currently established under the Basel banking regulatory framework to mitigate the risks inherent in stablecoins, tokens identical to other fiat currencies, and token issuers.According to the authors, these inherent risks include, but are not limited to, the lack of token price due to market trading,…
Raise, the company behind the popular gift card purchasing app, has begun further integrating cryptocurrency into its platform. The company has partnered with Wallet Connect to add support and begin accepting a wide range of popular digital wallets, including MetaMask, Phantom, and Coinbase Wallet. Ethereum -5.04% , dot -2.95% , Bitcoin -3.57% and brush -3.44% Not only tokens USDC -0.06% and USDT -0.07% Stablecoins as a means of payment. Founded in 2012, the company has over 6 million customers and partners directly with over 1,000 major retailers. It has facilitated over $10 billion in transactions through its consumer app, exchange,…
PAAL AI (PAAL), a Telegram coin developed on the Ethereum blockchain, has seen its price drop by 10% in 24 hours. At the time of writing, it is trading at $0.19. The price is down 77.50% from its all-time high in March. This on-chain analysis looks at the reasons behind the recent drop and what the next move could be. Crypto Whales Abandon PAAL AI According to BeInCrypto’s research, PAAL has been under significant selling pressure due to the decision of one of its key stakeholders. The investors involved in this decline are whales, a key group whose actions and…
Apibara: Open Source Data PlatformlimitsThis project aims to add Ethereum data (execution + consensus layer) to Apibara, an open source data platform. Apibara allows developers and researchers to sync any on-chain data to a target database or API. It currently supports PostgreSQL, MongoDB, Parquet, and webhooks. It is easy to add support for more integrations. Apibara focuses on “online” usage. It backfills the data first, then syncs it as the chain progresses. Developers can access the data using tools they already know. Our data sync protocol is chain independent. This allows us to support execution layer and consensus layer data…
Jessie A Ellis 15 Aug 2024 01:38 A new approach to key management in blockchain, registry-based encryption, offers promising advantages over existing approaches such as public key directories and identity-based encryption. Linking cryptographic keys to identities has been a long-standing challenge since the advent of public key cryptography. The most important challenge is to provide and maintain a publicly available and consistent mapping between identities and public keys. This challenge is particularly relevant in the context of web3, where transparency and anonymity are paramount. According to a16z crypto, there are three main approaches to…
Web3 liquidity provider Orderly Network raises $5 million in strategic funding.According to a press release shared by The Block, OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol participated in the new funding round.Orderly Network merges orders from multiple blockchains into a unified orderbook to solve the DeFi liquidity problem. It currently supports Ethereum mainnet, Polygon, Optimism, Base, Arbitrum, and Mantle.platform We plan to use the funds to develop new products and enhance on-chain liquidity. Orderly is also preparing a token generation event, where Orderly token stakers will earn 60% of Orderly’s net trading fees. “Even amidst…
The Grass cryptocurrency is getting a lot of attention ahead of its major CEX listing, but with the price turning bullish, is it the best way to earn crypto in 2024? Crypto circles are buzzing—ha! Get it, you mowed the lawn—Gemini’s cryptic tweet: “No posts. Go touch the grass.” Following Binance and OKX, speculation is running wild about the possibility of listing the GRASS cryptocurrency ($GRASS). Also, this could mean that crypto investors have no life… but let’s be optimistic! Grass Crypto Hype Reaches Frantic Levels (CoinGecko) Meet $GRASS, the decentralized innovator in web scraping. Grass Crypto keeps your data…