The overall cryptocurrency market is in a downtrend, with $300 million worth of liquidations occurring. Dogecoin derivatives volumes have increased by 80% as short sellers prevail. According to the Relative Strength Index (RSI), DOGE is highly oversold, but there is one problem. Dogecoin suffered a massive drop this Thursday as crypto bears placed their tokens in the crossfire of the ongoing market crash. DOGE, which lost more than 7% of its value in 24 hours, saw a total of $4.85 million liquidations on derivatives markets, most of which consisted of long positions. Bulls Take a Hit as DOGE Hits 3-Month…
Author: Crypto Flexs
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05 July What is Data Ownership Protocol (DOP)? Posted at 10:57h In education Maria Lobusova The Data Ownership Protocol (DOP) is a pioneering initiative that aims to fundamentally improve data privacy and control on Web3. DOP leverages advanced cryptographic techniques such as zk-SNARKs and ECDSA to allow users to manage and optionally disclose their on-chain activity, striking a delicate balance between transparency and privacy. This allows users to curate the information they wish to share about their asset holdings and transactions, while ensuring interoperability with Ethereum decentralized applications (DApps) and maintaining liquidity. DOP operates on a decentralized autonomous organization (DAO)…
Bitcoin faces a fight to maintain its bullish momentum as Mt. Gox refunds trigger the biggest liquidation cascade in years.BTC Price Supertrend Support, Approaching First Test Since 2022According to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price drop reached 5% on July 5 alone, and traders are now focusing on the bullish boundary.BTC/USD 1-hour chart. Source: TradingViewThe first price level that popular trader Matthew Hyland is watching is the $52,000 level.This forms the floor of Bitcoin’s Supertrend indicator on a weekly basis, and is the basis for the price action since the all-time high of $73,800 in…
The gaming industry is undergoing a massive transformation with the rise of Play-to-Earn (P2E) games. These innovative platforms allow players to earn real value from their in-game activities, turning the gaming landscape into a lucrative business for both casual and hardcore gamers. As blockchain technology and cryptocurrencies continue to advance, P2E games are becoming more and more popular, giving players the opportunity to turn their gaming skills into real rewards. Here, we review some of the best Play-to-Earn games of 2024, with a particular focus on the promising IronDoge project.Exi Infinity (AXS)Axie Infinity is at the forefront of the Play-to-Earn…
According to Bitcoin mining pool operator F2Pool, there were only five Bitcoin mining rigs (ASICs) currently in operation at the current price as the cryptocurrency plunged below $55,000 on Friday morning.The Antminer S21 Hydro, Antminer S21, Avalon A1466I, Antminer S19 XP Hydro, and Antminer S19 XP are currently profitable with breakeven Bitcoin prices of $39,581, $43,292, $48,240, $51,456, and $53,187, respectively, according to F2Pool. According to The Block’s Bitcoin price page, the Whatsminer M56S++ is on the verge of profitability, with a break-even point of $54,424, and the Bitcoin price at the time of writing is $54,407. Meanwhile, Bitmain’s Antminer…
OKX Ventures, the investment arm of popular cryptocurrency exchange and Web3 technology company OKX, has announced that it has participated in the seed investment round of decentralized cloud computing company Prodia. According to OKX Ventures, this strategic move underscores OKX Ventures’ commitment to fostering innovation in the blockchain and Web3 sectors. Prodia’s Vision for Distributed Cloud Computing Prodia is leading the way in creating a distributed network of graphics processing units (GPUs) to provide more efficient and cost-effective cloud computing services. Leveraging the Web3 infrastructure, Prodia plans to use the seed funding to scale its…
A prominent crypto strategist and trader has revealed price targets for Bitcoin (BTC) and two altcoin projects. Analyst Jason Ficino tells his 329,000 YouTube subscribers in a new strategy session that Bitcoin could soon break a key price target resistance level, according to the Average True Range (ATR) indicator. The ATR indicator measures volatility by showing the trading range of an asset over a specific period of time. “You can see here that the average true range of the bars is disappearing. Look what happened in the previous cycles. The average true range is increasing, disappearing, disappearing, disappearing, and then…
XRP (XRP) fell more than 12% on July 5, hitting a three-month low of $0.381. The cryptocurrency’s decline followed other areas of the cryptocurrency market, due to signs of a massive selloff in the Bitcoin (BTC) market and the U.S. Securities and Exchange Commission’s (SEC) response to Ripple.Mt. Gox, German Government Causes Market PanicToday’s XRP price drop is largely due to reports that the German government is liquidating hundreds of millions of dollars worth of Bitcoin seized from criminals while also holding $2.4 billion worth of the cryptocurrency in reserve.German government Bitcoin wallet holdings as of July 5, 2024. Source:…
XRP (XRP) fell more than 12% on July 5, hitting a three-month low of $0.381. The cryptocurrency’s decline followed other areas of the cryptocurrency market, due to signs of a massive selloff in the Bitcoin (BTC) market and the U.S. Securities and Exchange Commission’s (SEC) response to Ripple.Mt. Gox, German Government Causes Market PanicToday’s XRP price drop is largely due to reports that the German government is liquidating hundreds of millions of dollars worth of Bitcoin seized from criminals while also holding $2.4 billion worth of the cryptocurrency in reserve.German government Bitcoin wallet holdings as of July 5, 2024. Source:…
Market • July 5, 2024 3:29 AM EDT Posted 1 minute earlier In ~ Mt Gox began repaying some creditors in bitcoin and bitcoin cash on Friday, its restructuring manager said.The repayments will be made through some of the cryptocurrency exchanges designated under the rehabilitation plan, the administrator said in a statement today.Repayment to eligible creditors will be “immediate” upon meeting certain conditions, including verification of the validity of the registered account, acceptance of the contract by the designated cryptocurrency exchange, and completion of discussions with the trustee.“We are asking eligible rehabilitated creditors to please be patient,” Mt Gox administrators…