Animoca Brands Launches Validator on Core BlockchainCore, a Bitcoin-based Layer 1 blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. According to Animoca Brands, this move underscores Animoca Brands’ belief in the potential of the Core blockchain and its commitment to supporting the security and decentralization of the Core network.The role of the verifierValidators are an essential component of a blockchain network. They verify and validate transactions, maintain the accuracy of the ledger, and contribute to the overall security of the network. Animoca Brands is actively participating…
Author: Crypto Flexs
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The long-term structure is down, with $2 being a key psychological resistance level. Traders should be prepared for a drop in price below short-term support levels due to liquidation at that level. Stacks (STX) price has risen by 25.8% over the past 3 days. It has risen by 13.25% over the past 24 hours, while Bitcoin (BTC) has fallen by 1.75% over the same period. BTC also saw increased volatility early Thursday. The price jumped from $57,000 to $58,300, then reversed the entire bounce and jumped back to $58,000. STX bulls were able to capitalize on the short-term uptrend swing…
Bitcoin (BTC) hit a new all-time high in a week on July 11 as U.S. macroeconomic data delivered bullish expectations.BTC/USD 15-minute chart. Source: TradingViewBitcoin Reaches One-Week High, Quick RecoveryAccording to data from Cointelegraph Markets Pro and TradingView, the price of BTC briefly but quickly rose to $59,516 on Bitstamp.This is according to the US Consumer Price Index (CPI) for June, which showed that inflation slowed more than expected.Both the annual and monthly CPI came in 0.1% lower than expected, which was positive for both cryptocurrencies and US stock markets.”The all-item index rose 3.0 percent for the 12 months ending in…
not Ethereum Whale The recent trading has created panic among community members, suggesting they may be looking to sell their holdings, which is in line with recent predictions. Research firm Matrixport The price of Ethereum could rebound significantly from its current price levels. Ethereum Whale Transfers 11,215 ETH Onchain data An Ethereum whale has been found to have transferred 11,215 ETH ($34.3 million). Cryptocurrency exchange Coinbase. Traders typically make these moves when selling these tokens, and given the amount of tokens involved, these sales can have a significant impact on the price of ETH. However, data From Market Information Platform…
Episode 43 of Season 6 of The Scoop was recorded as follows: Block’s Frank Shaparo and Botanics founder Willem Schroe.Listen below and subscribe to The Scoop on YouTube. apologize, Spotify, Google Podcasts, Stitcher, Or wherever you listen to podcasts. Please send feedback and correction requests to (email protected).Willem Schroed is the founder of Botanix Labs, a development team building a Bitcoin-based EVM compatible layer 2 that allows Ethereum smart contracts to be deployed on the Bitcoin network.In this episode, Schroe discusses the development of Bitcoin Layer 2 and the potential for the Bitcoin-based ecosystem to become a leading platform for…
The price of XRP (XRP) is up 3.5% over the past 24 hours, continuing a rally that is being fueled by the broader cryptocurrency market recovery. This bullish momentum has been significantly amplified by reports that institutions are accumulating during the recent Mt. Gox-led market downturn.XRP Fund Sees Inflows Amid Price CrashXRP’s gains today are part of a broader recovery that began on July 8, when asset management platform CoinShares reported that crypto funds had seen $441 million in inflows that week, while crypto markets plunged 11.28%. The XRP-focused investment fund attracted $400,000 in the week ending July 5. Since…
Bitcoin’s recovery has not been as impactful as expected, as it has failed to break above $60,000 even after the bullish momentum returned. Given this, expectations of a bearish reversal have become common as analysts believe the pioneering cryptocurrency lacks the momentum to sustain its current momentum. One analyst who believes the price will fall is Finn Oakes, who predicts a return to the $53,000 area. Bitcoin Forms Double Top Pattern In an analysis shared on the TradingView website, crypto analyst Finn Oakes explains that the Bitcoin price has now formed a double top. This occurred after the Bitcoin price…
According to the BNB Chain Blog, the BNB Incubation Alliance (BIA) event held in Brussels on July 8-9, 2024 concluded with the announcement of the winners. The event aimed to support and accelerate the growth of promising early-stage blockchain projects.Winner AnnouncementThe projects were evaluated by a distinguished panel of judges including Carlos from Bitkraft, Idan Sugarman from Zero Knowledge Ventures, Marwan from BNB Chain, Matt Law from Outlier Ventures, Max from Binance Labs, Melody He from Spartan Group, Yaroslav Writtle from Faculty Group, and Yemu from Penrose Ventures. The judging criteria included the sustainability of…
Despite Bitcoin price volatility and five-month lows, several key indicators still suggest that bulls are likely to prevail, suggesting that an uptrend could be in store for BTC’s price trajectory.BTC rebound prospects rise as bullish divergenceBitcoin (BTC) had a tumultuous start to early July, plunging more than 10.50% and hovering around $57,000 as of July 7. BTC reached a low of $53,550, driven by fears of a market crash as Mt. Gox continued to refund over 140,000 BTC to customers and the German government liquidated BTC.The recent Bitcoin price decline has been accompanied by a growing divergence between the falling…
INX and Backed Launch bNVDA, Tokenized NVIDIA Stock on the Ethereum Network Investors can trade bNVDA 24/7 with blockchain security and self-custody options. Future plans include expanding tokenized assets to ETFs, bonds, and commodities. INX, a regulated marketplace for digital securities, announced today that it has partnered with Backed, a leader in real-world asset tokenization, to list tokenized securities on the INX platform for eligible users outside the United States. This innovation promises to increase accessibility, liquidity and security for global investors, particularly those outside the United States. bNVDA is a tokenized security backed 1:1 by NVIDIA Corp (NVDA) shares…