According to cryptocurrency tracking site Lookonchain, whales are feasting on decentralized oracle network Chainlink (LINK). Lookonchain notes that 54 new wallets have withdrawn 2.08 million LINK worth $30.28 million from Binance in the past seven days. The cryptocurrency tracker says the addresses may belong to an institution. Source: Lookonchain/X LINK is trading at $14.43 at the time of writing. The 17th largest cryptocurrency by market cap is up more than 1.5% over the past seven days. Lookonchain also noted that the German government transferred 1,500 Bitcoin (BTC) worth $94.7 million on Monday. Of that amount, 400 BTC worth $25.3 million…
Author: Crypto Flexs
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BONK retraced to $0.00002150, slightly below our recommended entry range of $0.000020-$0.000021. Although it did not reach the exact target of $0.000021, the price did reach $0.0000215, which is very close to the expected range. If the trader had entered the position at $0.0000215 and closed at the first profit target of $0.000026, the trade would have returned 20.93% over 5 days. Despite the slight differences in the entry points, the overall trend closely followed our prediction. TradingView: Price Ranges According to Fibonacci analysis, which analyzes the macro low of June 24 and the high of July 2, the Golden…
These are heady times for the blockchain and crypto sector. In the first half of 2024, spot Bitcoin ETFs debuted on Wall Street, a major U.S. presidential candidate came out in favor of cryptocurrencies, and BTC experienced its fourth quadrennial “halving” and reached new market highs. Moreover, Ether — the world’s second-largest cryptocurrency — stands on the verge of another milestone, with an Ether ETF potentially launching in the U.S. as early as July 8. But crypto doesn’t exist in a vacuum, and the outside world has become a less secure place, wracked by several major wars, extreme weather events…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. A comprehensive analysis explores token economics, use cases, partnerships, and other key features that increase investment potential. The imminent launch of an Ethereum ETF could see a surge in Ethereum. Check out the alternate seasons. Latest Meme Coins Available for Purchase Right Now While investors look for the next meme coin to hit the moon, we highlight a cryptocurrency that has the potential to explode. This article also includes a special mention of Pepe Unchained, one of the newly launched tokens on the…
Consensys, the developer of MetaMask, has acquired cryptocurrency security app Wallet Guard to bolster the security of its popular non-custodial web3 wallet.Wallet Guard offers a popular browser extension that can be used to identify fraudulent activity and wallet draining in real time.According to a statement shared with The Block, Consensys plans to integrate Wallet Guard’s browser extension and security engine features to protect MetaMask users’ wallets, digital assets, and data from theft, fraud, and scams.The integration will provide users with real-time protection against malicious dapps and fraud by improving transaction validation and drain detection through client-side heuristics, the company said.…
TapSwap’s decision to postpone the token launch and airdrop demonstrates a strategic approach. The delays experienced by TapSwap are not an isolated incident, but rather reflect a broader trend in the blockchain industry. TapSwap (TAPSWAP), a popular tap-to-win game on Telegram, has announced that it is postponing its highly anticipated token launch, which is now set for Q3 2024. Additionally, the project’s airdrop, which distributes cryptocurrency to users’ wallets for free, will also take place alongside the token launch. In early May, the TapSwap team announced the launch of TapSwap Pools, which was originally scheduled to launch on May 30th.…
In a major move to strengthen blockchain security, Manta Network and Blocksec have announced the Sequencer Threat Overwatch Program (STOP). This initiative aims to strengthen the security of Layer 2 (L2) solutions by providing strong protection at the sequencer level. According to Manta Network, this collaboration promises to set a new standard in the blockchain security landscape.What is a sequencer?Sequencers in blockchain technology, especially L2 solutions, are a critical component in managing the order and execution of transactions. These sequencers collect, verify, and order transactions before submitting them to a layer 1 (L1) blockchain such…
According to Thomas Farrer, CEO of Apollo, a cryptocurrency review portal, several factors could push Bitcoin’s price upwards of eight times its current value, but most of them may not materialize. “While each of these individually is low probability, there are a lot of low probability potential outcomes that could result in a really strong bull market for bitcoin,” Fahrer told Hall of Flame. He predicts that even if these events happen just two or three times, Bitcoin could reach $500,000 within the next four-year cycle. “I’d say it’s probably in the $300,000 to $500,000 range,” he said. He mentioned…
The GHO stablecoin has been deployed on the Arbitrum network following a vote by the Aave Decentralized Autonomous Organization (DAO), a member-governed community that proposes and governs changes to the lending protocol.Aave’s DAO also plans to launch the GHO stablecoin on multiple networks over time, but has decided to deploy GHO on Arbitrum to take advantage of the lower transaction costs and increased throughput of a second-layer network.The decision to gradually roll out the stablecoin to additional networks was driven by security and risk management factors. This allowed the DAO to test GHO’s presence before expanding it to other blockchain…
According to Galaxy Digital, cryptocurrency venture capital investment continued to recover in the second quarter despite the market downturn, with founders and investors reporting an overall more active funding environment compared to the previous quarter.“Crypto venture capital sentiment continues to improve, but levels remain well below those seen during the 2021-2022 bull market,” Galaxy Digital research analysts Alex Thorn and Gabe Parker wrote in a Tuesday report shared with The Block.Galaxy reported that venture capitalists invested $3.19 billion in cryptocurrency and blockchain-focused companies in Q2. The figure is consistent with The Block Pro’s funding dashboard, and is up slightly from…