Ethereum is under significant selling pressure after its latest attempt to recover from a multi-month low earlier this month. The cryptocurrency has been on a three-week retreat, retesting the critical $2,819 threshold that previously served as a key support level. However, this support has turned into resistance, leading to a rejection that signals a potential downside for ETH. The bear market structure remains the same The range context for Ethereum is still not good from the short-term perspective. The coin has formed lower highs and lower lows since reaching the $4,000 mark and has been retracing its losses over the…
Author: Crypto Flexs
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The company’s trading volume increased by 573% due to the integration of Akash Network and NVIDIA product Brev. AKT has surged 20.18% over the last 7 days. On August 23, all cryptocurrencies experienced a strong bullish trend. Since then, the market has become volatile, with investors hoping that external forces will influence another bullish trend. Even amidst these market volatility, Akash Network has shown strong uptrend. The price volatility has everyone wondering what is driving the rally in AI-themed altcoins. Akash Network Integrated into NVIDIA’s Brev According to a report from NVIDIA’s head of technology development, Nader Khalil, the AI…
Yat Siu, a serial web3 entrepreneur and angel investor at Animoca Brands, was tasked with cracking the code on how big a social ripple effect could occur for every user who followed them on X. “Not every follower is the same,” a casually dressed Siu tells Hall of Flame via Zoom call from his plush Hong Kong office. “For example, someone might only have 10,000 followers, but their influence is much deeper than someone with 100,000 or 200,000 followers, because the audience that follows you has a network effect, so the nodes of followers are more powerful,” explains the Austrian-born…
The United Arab Emirates (UAE) has requested consular services for Telegram CEO Pavel Durov, who was arrested in Paris on cybercrime charges. France is investigating Durov for allegedly facilitating illegal activities via Telegram. Russia has also attempted to protect Durov’s rights, but France has been described as uncooperative. Telegram denies any wrongdoing and defends its mediation practices.
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers. My name is Frank. Greetings from the United Club Lounge. I am waiting for my flight out of San Francisco after a few weeks of traveling from New York to Jackson and finally to San Francisco. Recent events have got Laura and I thinking about crypto hubs.San Francisco has been a technology hotbed since the early days of the semiconductor industry, with the…
According to a blog post on August 27, Ondo Finance, a real-world asset (RWA) protocol, is extending access to the Ondo US Dollar Yield Token (USDY) to Arbitrum, an Ethereum layer 2 scaling network.Ondo’s USDY is a yield token designed to allow users to earn up to 5.35% annual yield on stablecoins like USD Coin (USDC). According to Ondo, each USDY token is backed by bank deposits and short-term government bonds. “This launch paves the way for some of the largest decentralized finance applications to leverage tokenized U.S. Treasuries,” Katie Wheeler, Ondo’s VP of partnerships, said in a statement. USDY…
Lawrence Jengar 27 Aug 2024 21:49 Gala Games partners with Coinflow to integrate Google Pay and Apple Pay to improve payment options for seamless NFT transactions. Gala Games has announced that it is working with Coinflow to integrate Google Pay and Apple Pay as new payment options within its ecosystem. According to Gala News, the development aims to streamline the trading of NFTs and other digital content on the Gala platform. Enhanced Payment Options This integration represents a significant milestone for Gala Games, which has focused on making its ecosystem more accessible and versatile.…
We are excited to launch a new, general-purpose resource on cryptocurrency security.Welcome to the exciting journey of owning cryptocurrencies. Start here and learn more about the basics of risks in the crypto space and where to go to keep your crypto safe.Vault12: Keep Your Crypto Safe | Wasim Ahmad, Chief Crypto OfficersummationCryptocurrency wallets are very easy to use in an unsafe manner.You need to understand what the seed phrase is. You need to understand why seed phrase backup is the most important thing to keep your cryptocurrency safe. The right choice for cryptocurrency security is unique and varies from person…
As Bitcoin’s price action heads towards $60,000, massive withdrawals are occurring from exchanges.According to data from on-chain analytics platform CryptoQuant, there was a net outflow of 45,000 bitcoin (BTC) from exchanges on August 27.Bitcoin Exchanges See Surge in WithdrawalsBitcoin bulls may have temporarily lost steam, but there is already interest in “buying the dip” behind the scenes.According to CryptoQuant, August 27th is currently expected to be the third largest net exchange outflow of 2024. The current net outflow total is just under 45,000 BTC, which is down from the daily outflows of around 52,000 BTC and 68,500 BTC on July…
Solana’s metrics have become increasingly reliant on memecoins. Solana’s vulnerability exposed as top memecoins decline New competition in the Mimecoin space poses greater risks. The Solana blockchain has been the hub for Mimecoin transactions for the past year. Thanks to its low fees and ease of use, Mimecoin traders have flocked to Solana, making it a significant source of network traffic. However, Solana’s main Mimecoin has recently experienced long-term losses, exposing significant risks to the chain and its over-reliance on the volatile Mimecoin market. Solana’s Blockchain Shakes as Memecoin Activity Declines The recent MIME crash has shown just how exposed…