According to on-chain analyst Eugene, Cosmos network developers transferred 295.3 bitcoins. This is the first large-scale transfer in about two years. At the current price of $94,410.82, 295.3 Bitcoin (BTC) is worth approximately $27.8 million. Eugene explained that some of the BTC sold during the recent decline is likely to be funds raised during the Cosmos ICO in 2017, when Cosmos received large contributions from BTC and Ethereum (ETH). This new transfer is not the only one this year, as Cosmos developers also transferred $10.16 million to ETH on November 22nd of this year. Now the developers have sold 295.3…
Author: Crypto Flexs
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A widely respected cryptocurrency analyst has said that Ethereum and altcoins are bracing for an uptrend as ETH prints the same pattern as in 2020. In a new video update, cryptocurrency strategist Jason Pizzino told his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is sending “major altcoin signals.” However, he warned that altcoins still need to fall a little further before market sentiment turns around and triggers a rebound. “In November, ETH/BTC rebounded, but still not above the minimum 4% level, where we are observing an excess balance in the price, the key level being 0.046 (BTC). This will…
ADA’s $0.88 support level remains pivotal as technical indicators hint at a potential rebound. Market sentiment is indecisive, but a break above $0.88 could spark bullish momentum. Cardano (ADA) As we continue to face volatile market conditions, traders are anxious about its future trajectory. At press time, ADA was trading at $0.8811, down 1.12% in the last 24 hours. This decline highlights the importance of key indicators and skill levels in shaping your next move. ADA Price Action Analysis Cardano’s price shows a significant interplay between consolidation and breakout phases. After spending most of 2023 within a range of $0.58…
According to a proposal on the Aave Governance Forum, Aave is considering a new Chainlink oracle integration designed to pass on profits from transaction front-end execution to users of decentralized finance (DeFi) protocols. On December 23, decentralized oracle provider Chainlink launched Smart Value Recapture (SVR), a specialized oracle service that captures profits in maximum extractable value (MEV) to benefit DeFi protocols. On the same day, Aave proposed SVR integration “to reclaim MEV from Aave clearing and return it to the Aave ecosystem.” Block builders benefit from MEV by reordering transactions before publishing completed blocks to the public blockchain ledger. Sometimes,…
San Francisco, USA, December 23, 2024, Chainwire The memecoin market is witnessing rapid innovation, with Pepeto ($PEPETO) emerging as a project focused on strengthening the memecoin ecosystem. Pepeto offers a suite of tools, including a free trading platform, blockchain bridge, and token swap solution, designed to improve the interoperability, accessibility, and liquidity of memecoins through a multi-faceted platform. Pre-sale progress and market position Currently in the pre-sale phase, the price of Pepeto tokens is $0.000000098 and the total token supply is 420 trillion. By reflecting the supply structure of the Pepe Coin, Pepeto aligns with its recognizable memecoin heritage. The…
This article is also available in Spanish. Bitcoin price extended losses and traded below $100,000. BTC is showing bearish signs and may continue to decline towards the $91,200 support area. Bitcoin began a new decline above the $100,000 resistance zone. The price is trading below $98,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $95,850. If it stays above the $92,000 support, it could start a new rally. Bitcoin price falls again Bitcoin price failed to start another rally and losses widened below…
Cryptocurrency and blockchain technology have revolutionized the way we think about digital transactions, but they are not without challenges. EthereumAs one of the most popular blockchain platforms, it faces severe scalability issues that can lead to high transaction fees and slow processing times. Meet Base, Coinbase’s layer 2 (L2) network designed to solve these problems. In this article, we explore what Base is, its key features, integration with the Coinbase ecosystem, technical details, advantages, use cases, and future prospects.What is a base?The base is layer 2 network Developed by Coinbase to improve the scalability and efficiency of the Ethereum blockchain.…
San Jose, Costa Rica, December 23, 2024, Chainwire As first reported by Crunchbase, Winna.com, a cryptocurrency-focused casino gaming platform launched in the summer of 2024, successfully raised $15 million in its initial funding round. This investment will help Winna.com strengthen its product offering and accelerate growth. The platform already boasts a vibrant community of over 10,000 active players, indicating strong early traction in the highly competitive online gambling space. Transforming online gambling through cryptocurrency Paul Martens, CEO and co-founder of Winna.com, emphasized the growing appeal of cryptocurrency casinos. “More and more players are recognizing the significant advantages that cryptocurrency and…
The team behind the largest decentralized cryptocurrency exchange (DEX) by trading volume has confirmed the launch of its highly anticipated layer 1 blockchain, Unichain. Uniswap Labs said in a new blog post that following the successful public testnet phase of the Unichain launch, a public mainnet launch is the next step. The company stated that Unichain will begin transition to mainnet on January 6, 2025. “The next major milestone focuses on decentralization, which is at the heart of Unichain. From day one, the mainnet will allow anyone to check chain activity through permissionless error proofing. This process will begin on…
Binance and Kraken, the venture wings for the cryptocurrency exchange, led a $10 million Series A funding round for fast-growing stablecoin startup Usual, according to a statement on Monday. Other backers include Ethena, a synthetic dollar platform. Real asset specialist Ondo Echo is a decentralized crowdfunding platform founded by cryptocurrency expert Jordan Fish (popularly known as Cobie) and several other high-profile investors. M^0 On-Chain Stablecoin Infrastructure Company signed a deal Last week we joined Usual as a sponsor to help expand our support assets. Launched “stealth” in early 2024, Usual offers a fully compatible stablecoin called USD0 that is backed…