BNB is starting to trade above long-term resistance levels. The coin price may recover to its all-time high in two years. Binance Coin (BNB) has crossed the upper line of a long-term symmetrical triangle, indicating a surge in buying pressure. At the time of writing, the altcoin is trading at $623, above the $595 price area where it has formed a significant resistance level since March. Source: BNB/USDT, TradingView When an asset is trading within a symmetrical triangle, its price continually reaches various lower highs and higher lows. This suggests that asset prices are consolidating within a narrow range. Buyers…
Author: Crypto Flexs
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Cardano (ADA) is struggling to break above the $0.500 resistance zone and start a new rally. ADA needs to stay above the $0.480 support level to initiate a proper upward move. ADA price is struggling to gain bullish momentum above the $0.50 area. The price is trading above $0.480 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, there is a major bullish trend line forming with support near $0.480 (data source from Kraken). A close above $0.500 could give the pair some bullish momentum. Cardano price remains supported Over the past few days, Cardano…
Jupiter Exchange has launched the Giant Unified Marketplace (GUM) initiative to combine different types of investments into one marketplace on the Solana blockchain. that much GUM Alliance It aims to bring together investments such as meme coins, real assets, stocks and forex into a single market and make trading between them easier and more direct. Comprised of a team of leaders in asset processing, liquidity and distribution, the alliance will add more types of investments to Solana (SOL) to ensure sufficient cash flow to keep the market running smoothly and integrate the market into Jupiter’s platform. We plan to encourage…
HKMA Announces Bidding Results for People’s Bank of China Yuan Banknotes The Hong Kong Monetary Authority (HKMA) announced on the HKMA’s official website that it has announced the results of the tender for Yuan banknotes issued by the People’s Bank of China (PBoC) held on May 22, 2024. The bid, which offered three-month maturity RMB notes, is part of an ongoing plan by the People’s Bank of China and the HKMA to promote the development of the RMB offshore market. Details regarding the issuer and bid details were not disclosed in the press release. The…
So I wasn’t really interested in Bitcoin for a long time. My seniors studied Bitcoin RPC method in my project in 2018-2019. The reaction at the time was getblock After fetching the transaction was fetched from the response. tx_hashwe used to bring voutThen scriptPubKey, and from that the previous team took the address. I think there were a lot of addresses back then. But now, in 2024, after working on it, I realized that there is no such thing. addresses field scriptPubKeyBut instead addressjust one. So I want to check if there have been any changes and if there is…
Former President and Republican front-runner Donald Trump and his campaign announced Tuesday that they will begin accepting cryptocurrency donations. This is the first time a major U.S. political party has adopted digital currency for campaign donations. The Trump campaign has introduced a fundraising page that allows federally permitted donors to donate using any cryptocurrency accepted on the Coinbase platform. This could be seen as a sign of President Trump’s continued stance to increasingly embrace financial technology and reduce government control over personal financial decision-making. Trump’s new stance contrasts sharply with the views of Democratic leaders like Sen. Elizabeth Warren, who…
Jan Happel and Yann AllemannThe co-founder of on-chain analytics platform Glassnode recently suggested: Solana (SUN) We could see significant upside in Ethereum pairs. They hinted at the possibility of Ethereum going higher as another reason for SOL to likely “surge.” Solana makes a 90% move against Ethereum Happel and Allemann share X account (@Negentropic) highlighted a “clear cup-and-handle pattern” in the SOLETH chart. Solana It would be a 90% move from the current price level. They also pointed out that the SOLETH rate has been consolidating for some time and is poised for such an upward move. Related Reading Source:…
Posted 1 minute ago In ~ Grayscale Investments has withdrawn its staking proposal for a proposed spot ether exchange-traded fund, according to an amended preliminary proxy statement. previously filing, Grayscale offered investors the ability to stake their Ether with trust. That language was not included in the preliminary proxy for the amendment. name Submitted Tuesday for Grayscale Ethereum ETH +2.14% trust. “The primary purpose of Amendment 2 is to remove Proposition 2 from the preliminary proxy statement,” Grayscale said in a filing Tuesday. Other issuers have also removed the staking component from their spot Ethereum ETF applications. fidelity It brought…
Polimec launches decentralized fundraising protocol for Polkadot. Deloitte KYC credentials are required for compliance. Projects undergo community due diligence before funding. The blockchain and decentralized finance (DeFi) sectors have grown rapidly in recent years. However, this sector often faces regulatory and compliance challenges, especially in the United States. Since then, many projects have attempted to create decentralized ways to manage regulatory issues. Most recently, Polimec launched a decentralized funding protocol for projects within the Polkadot ecosystem. The platform aims to democratize access to early-stage funding while providing built-in compliance tools. How Polimec Decentralized Funding WorksOn Monday, May 20th, Polimec officially…
Bitcoin price began a downward correction in the $72,000 range. BTC has currently consolidated around $70,000 and we can expect another increase in the near future. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline with support at $69,200. Unless the pair falls below $68,800, it could start another increase. Bitcoin price corrects profits The price of Bitcoin has risen at a rate past the $70,000 level. BTC surged above $71,200 before a decline…