Bitcoin starts a new week with a completely different mood from June, hitting a weekly low.Bitcoin (BTC) price action worsened after challenging $70,000 resistance multiple times. What’s next?As a bullish trading range continues to dominate Bitcoin market movements, traders and analysts are considering what will happen in the near future and whether bulls or bears will dominate.A series of US macroeconomic data and related Federal Reserve comments appeared to have taken a toll on Bitcoin last week. The largest cryptocurrency fell nearly 5% and briefly fell below $65,000.Macro factors are set to ease this week, but employment numbers could still…
Author: Crypto Flexs
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Cryptocurrency has taken the world by storm, led by Bitcoin. But what underpins these digital currencies? The answer lies in an innovative technology called blockchain. In this article, we dive into the world of blockchain, understand its core concepts, and explore its potential beyond cryptocurrencies.What is blockchain?Imagine a public ledger not controlled by a single entity, such as a bank, but maintained by a vast network of computers around the world. This continuously growing, tamper-proof distributed ledger is the core of blockchain technology.The main features are analyzed as follows:Dispersion: Your data is not stored on a single server. Instead, it…
Arbitrum’s governance token price, ARB, is experiencing a severe slump as it approaches an all-time low. However, despite this downward trend, ARB saw significant growth, with its market capitalization increasing by more than 75%, reaching $2.23 billion. Market capitalization ignores price declines An additional 36% of Arbitrum’s total token supply will be unlocked over the next three years. today, circulating supply This amounts to approximately 2.9 billion tokens. CoinGecko data ARB’s price has fallen 24% over the past year and is currently trading at $0.816, slightly above its all-time low of $0.74. Despite this price decline, ARB has experienced significant…
Zeek, a new decentralized social collaboration network, raises $3 million in seed funding to reinvent social reputation on Web3 – Chainwire housenewsroomZeek, a new decentralized social collaboration network, raises $3 million in seed funding to reinvent social reputation on Web3 We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose…
The SEC closed its investigation into Ethereum 2.0 and determined that ETH sales were not securities transactions. The decision follows a June 7 letter from Consensys seeking clarity following the May approval of the ETH ETF based on ETH’s classification as a commodity. ConsenSys said:“Today we are excited to deliver a major win for Ethereum developers, technology providers, and industry participants. The SEC Enforcement Division has notified us that it is closing its investigation into Ethereum 2.0.This means the SEC will not prosecute ETH sales claiming they are securities transactions.”Ethereum rose more than 4% overnight following the news, with many…
Binance, a leading global cryptocurrency exchange, announced Wednesday that it has launched an airdrop initiative called HODLer Airdrops to reward loyal BNB holders for their contributions and support of the platform. In a press release shared with Coinspeaker, Binance said that the program is not for everyone and is designed exclusively for BNB (BNB price data) holders. Eligible users will receive random airdrops from a variety of projects of all sizes before those projects are listed and traded on Binance. The move aims to provide early access to new and promising projects before they become available to others. Early access…
Key Takeaways Bitcoin is trading above the $65,000 level as the broader market stalls. Bitbot has released a mini-app UI to simplify DeFi trading for users. Bitcoin remains above $65,000 as markets stall. Bitcoin, the leading cryptocurrency by market capitalization, has underperformed over the past seven days. It has lost more than 3% in value over the past seven days and is currently trading for over $65,000 per coin. This poor performance comes as whales have sold $1 billion worth of Bitcoin over the past few days. Altcoins have also underperformed in recent days, with the overall cryptocurrency market capitalization…
Blast, the Ethereum Layer 2 network created by the founders of NFT marketplace Blur, will officially begin token airdrops in a week.In a post today onAccording to the project, half of the airdrops will be allocated to developers through Blast Gold, and the other half will be distributed to early users through Blast Points based on their wallet and Dapp balance. memo.“50% of Blast Airdrops will be allocated to Blast Points,” the project says, adding that users’ wallets will automatically earn points for every block based on their balance. Meanwhile, for dapps, the intention is to use Blast Gold as…
Worldcoin (WLD) announced the introduction of World ID of Verification in Ecuador, starting with the cities of Quito and Guayaquil. The move is an important step in the company’s mission to strengthen online human verification and combat the growing threat of bot-based fraud and misinformation. Global support for human verification The launch in Ecuador comes amid growing global support for humanness technology demonstrations. According to Worldcoin, recent surveys have highlighted widespread acceptance of such technologies. In Spain, 82% of the 21,000 World ID holders surveyed agreed that it is important to distinguish between humans and…
According to analytics platform Santiment, the number of Ethereum (ETH) holders continues to increase despite the price decline of top altcoins. Santiment points out that since mid-March, the number of wallets for ETH has been increasing as Bitcoin (BTC) wallets have been falling. “Bitcoin holders have seen the largest drop in non-empty wallets over a three-day period since just before the all-time high on March 14th. Unlike then, BTC showed a downward trend, causing traders to liquidate due to concerns about further decline. Meanwhile, the number of Ethereum wallets continues to grow.” Source: Santiment/X Ethereum is trading at $3,400 at…