The frequency with which Bitcoin fails to break through higher resistance levels could lead to the formation of a “double top price pattern,” potentially leading to a “sharp decline” to $50,000, according to a cryptocurrency analyst.Markus Thielen, founder of 10x Research, explained in an analyst note on June 24 that Bitcoin (BTC) technically appears to be following a double top pattern and is currently testing support levels. A double top pattern is formed when the price reaches two similar highs with a slight decline in between them, holding support above a common line known as the “neckline”. This pattern usually…
Author: Crypto Flexs
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Former President Donald Trump may head to Nashville to speak at Bitcoin 2024 in late July, Reuters reports. Axios.President Trump is in talks to speak at the event, according to Axios on Monday, citing two people familiar with the matter. Other politicians, including presidential candidate Robert F. Kennedy Jr., former President Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn I am scheduled to speak at Bitcoin 2024.Sources familiar with the situation told The Block that President Trump has been invited to the meeting, but could not confirm whether the former president would speak or attend.He said cryptocurrencies are…
Telegram-connected blockchain platform Open Network (TON) is under pressure as phishing attacks increase in its ecosystem, a blockchain security expert has warned.The TON ecosystem, which features a variety of decentralized applications (DApps) and tokens built on the TON blockchain, has become a target of phishing attackers amid its stormy growth in 2024, according to the founder of blockchain security firm SlowMist.“There is more and more phishing activity in the TON ecosystem,” SlowMist founder Yu Xian wrote in an X post on June 23. According to Xian, the phishing vulnerability in the TON ecosystem is related to the easy access for…
Creating a GitHub repository is an important first step for anyone who wants to use Git to manage their projects. According to the GitHub blog, the third article in the ‘GitHub for Beginners’ series provides a comprehensive guide on how to create and manage your first repository. What is a repository? Repositories (repos) are the building blocks of GitHub and Git. This is a space where project files are stored for version management and collaboration. Think of it as a project folder that tracks changes, stores history, and allows multiple people to work together seamlessly.…
Bitcoin (BTC) price fell 5.8% from June 23 to June 24, reaching a seven-week low of $59,700. Although there was a gradual recovery to $60,400, a total of $153 million in leveraged BTC buy futures were forced to liquidate due to insufficient margin. The move moved the derivatives indicator to a neutral sentiment, ending a five-week bullish trend.Concerns surrounding the sale of Mt. Gox and the German governmentTraders are now questioning whether the worsening cryptocurrency market conditions mean a longer bear market or a temporary panic as miners are forced to cover costs due to low profitability and the potential…
Phishing scams are on the rise in the TON ecosystem. Scammers appear to be taking advantage of Telegram’s “free” ecosystem. Due diligence is required to avoid falling victim to this type of fraud. 2024 will be the year when TON (The Open Network), a Telegram affiliate, is born. With the growing popularity of the clicker app built into Telegram as a mini app, the network’s native token has entered the top 10 crypto assets by market capitalization, comfortably taking the 8th spot ahead of Dogecoin. Amid the recent growth of the network, it appears that malicious actors are using the…
Allora Labs, formerly known as Upshot and focused on NFT valuation, has raised $3 million in a strategic funding round ahead of the mainnet launch of its decentralized artificial intelligence network.Investors in the funding round included Archetype, Delphi Ventures, CMS Holdings, ID Theory and DCF God, Allora Labs said on Monday. “The company began raising funding rounds in March and closed the round earlier this month,” co-founder and CEO Nick Emmons told The Block. This round, like Allora’s previous rounds, was structured as an equity round, Emmons said. He declined to comment on valuation.Allora previously raised a total of $32…
IBM Research announced a breakthrough in AI inference that combines speculative decoding and paging attention to improve the cost performance of large language models (LLMs). According to IBM Research, this development is expected to make customer care chatbots more efficient and cost-effective.In recent years, LLM has improved the ability of chatbots to understand customer queries and provide accurate responses. However, the high cost and slow speed of delivering these models has led to broader adoption of AI. Speculative decoding emerges as an optimization technique that accelerates AI inference by generating tokens faster. This can improve…
One closely watched cryptocurrency analyst believes that the time has come for altcoins to witness the steepest leg of their bull market. Bitcoin dominance (BTC.D) charts are signaling a massive bearish reversal, pseudonymous analyst TechDev told his 460,100 followers on social media platform The BTC.D index tracks Bitcoin’s share of the overall cryptocurrency market capitalization. The bearish BTC.D chart suggests that the altcoin will soon outperform Bitcoin. According to TechDev, BTC.D is showing a bearish divergence on the 5-day chart, indicating that Bitcoin is losing momentum against altcoins. “Bitcoin dominance has been weak for five days, indicating it is poised…
According to CoinShares, outflows from Bitcoin (BTC) investment products hit $630 million over the past week, bringing the total outflow over the 14-day period to about $1.1 billion. According to CoinShares’ “Weekly Digital Asset Fund Flows” report, total outflows across all cryptocurrency investment products for the week ending June 21 reached $584 million.The decline in investment in cryptocurrency products is largely due to institutional and long-term investors reducing their exposure to spot Bitcoin ETFs amid the diminishing likelihood of an interest rate cut by the U.S. Federal Reserve in 2024.CoinShares research director James Butterfill wrote:“We believe this is a response…