Amid a notable surge in spot purchases and spot BTC exchange-traded fund (ETF) purchases, the price of Bitcoin (BTC) has rebounded to the coveted $70,000 level, and the cryptocurrency community is wondering whether the bull market has just begun or is nearing its peak. I’m wondering if I’m losing. Bitcoin charts and spot ETF activity highlight a trend reversal.Analyst “ELI5 at TLDR” suggested that most on-chain indicators are pointing to an early bull market, despite showing some upper-level patterns. A recent bounce in support near $60,000 has heightened interest, with Farside Investors reporting inflows of around $950 million last week,…
Author: Crypto Flexs
Read More
Phantom Wallet moves up to third place in Apple’s Utilities category. Phantom surpassed 7 million monthly active users in April. Telegram’s recent growth is likely due to one popular app. Solana has seen a surge in adoption in both the DeFi and consumer app sectors in recent months. One such app has led the recent growth of Solana-based Phantom Wallet. Most recently, Phantom saw significant download growth, ranking third among Apple App Store utility apps. This is likely due to the popularity of Solana-based consumer apps. Solana’s Phantom app ranks high in the App Store On Sunday, May 19, the…
Bitcoin (BTC) last closed above $68,000 on April 11, despite trading above $67,000 several times over the past five days. Despite Bitcoin rising 2% on May 20, it needs another 7% gain to reach its all-time high. Meanwhile, the price of gold hit an all-time high of $2,450 on May 20, and the S&P 500 index rose to an all-time high of 5,325 points. This backdrop has BTC investors pondering what may be hindering progress.Bitcoin is up 51% year-to-date in anticipation of a monetary expansion in the United States.It could be argued that Bitcoin’s 51% year-to-date gain reflects investor expectations…
that much BE BE +8.57% The foundation announced Monday that it has launched a governance proposal to upgrade the Sei layer 1 blockchain to version 2. This proposed upgrade, to be implemented by Sei Labs, introduces a high-performance parallel Ethereum Virtual Machine (EVM) aimed at improving network capabilities. Once the governance proposal is approved, the network upgrade will take place one week later. This development allows Ethereum-based contracts to be ported to Sei and used with sub-second finality, reducing the time required to confirm transactions.In addition to compatibility, Sei v2 offers advanced features such as parallel execution, mirroring features found…
A 10-year-old research paper regarded as a ‘blueprint’ for the first practical application of zero-knowledge proofs (ZK-proofs) has received an award from the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical organization.“Genesis White Paper” — “ZeroCash: Decentralized Anonymous Payments on Bitcoin,” according to a presentation shared with Cointelegraph. — it was helpful It paved the way for ZK proofs in cryptocurrencies and has now received the “Test of Time” award at the IEEE Symposium on Security and Privacy. “This award recognizes that this paper has had a broad and lasting impact on both research and practice in…
Day 1 – Monday 24th Nov – ÐΞV: Mission and Processes The first day of ÐΞVcon-0 kicked off early at 7am with the Ethereum UK communications team arriving at the venue (Ethereum Dev UG’s workspace in Kreuzberg, Berlin) to set up the 4K high quality recording equipment and arrange the space for the event. After a quick coffee and croissant/pain au chocolat, everyone was ready for the first presentation – “Welcome! Our mission: ÐApps” which was delivered by Gavin Wood. Gavin made it very clear within this presentation the need for decentralised applications in today’s society with two very powerful…
Day 1 – Monday 24th Nov – ÐΞV: Mission and Processes The first day of ÐΞVcon-0 kicked off early at 7am with the Ethereum UK communications team arriving at the venue (Ethereum Dev UG’s workspace in Kreuzberg, Berlin) to set up the 4K high quality recording equipment and arrange the space for the event. After a quick coffee and croissant/pain au chocolat, everyone was ready for the first presentation – “Welcome! Our mission: ÐApps” which was delivered by Gavin Wood. Gavin made it very clear within this presentation the need for decentralised applications in today’s society with two very powerful…
Binance Launches USDC Trading Pair PromotionAccording to an announcement on Binance.com, to celebrate the launch of USDC trading pairs on Binance P2P, Binance will give P2P takers a total of 7,000 USDC in token vouchers. The promotion period is from 00:00 on May 21, 2024 (UTC) to 23:59 on June 4, 2024 (UTC).Promotion DetailsThe promotion consists of two parts: Promotion A for new users and Promotion B for existing users. In Promotion A, new users who have not used P2P trading on Binance before the start of the promotion can receive a 5 USDC token…
A prominent cryptocurrency analyst says that now is Ethereum (ETH)’s time to shine and that its biggest competitor will go parabolic. Household name trader Inmortal told his 213,900 followers on social media platform The analyst suggests an initial target of around $4,000, with charts suggesting ETH has found support around the $2,800 level. “ETH season is starting soon. As in all other cases, distrust was triggered.” Source: Immortal/X As of this writing, Ethereum is trading at $3,107. Analysts are also keeping an eye on Ethereum rival Solana (SOL). According to Inmortal, Solana has been similar to Ethereum’s 2021 market cycle…
Re.al has officially launched its mainnet, launching a new blockchain platform that aims to manage real-world assets such as real estate and goods, and promising to return all profits to users. Arbitrum (ARB) Running on Orbit and powered by Gelato’s Rollup-as-a-Service, re.al is off to a strong start with $40 million already committed and 190 assets ready for tokenization. The platform aims to solve persistent challenges in decentralized finance (defi) by making assets more accessible for trading, improving interoperability and ensuring liquidity. Explaining why they chose Arbitrum Orbit, Jag Singh, CEO of re.al, said, “Speed, flexibility and security are essential…