Author: Crypto Flexs

On May 23, the U.S. Securities and Exchange Commission (SEC) approved an Ethereum spot exchange-traded fund (ETF), but it failed to extend the Ethereum rally, which rose about 25% last week. A positive sign is that regulatory approval has not triggered the selling, which is a sign that ETH bulls are not rushing for the exit. This means traders appear to be in wait-and-see mode.Meanwhile, Bitcoin (BTC) rebounded near $72,000 this week, but its gains failed to sustain higher levels. The price began to decline and fell below the psychological level of $70,000. This indicates that the sideways price trend…

Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is currently facing a hurdle as it consolidates near the $69,500 resistance zone. Bitcoin faces a number of major hurdles near $70,000. The price is trading above $69,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $69,100. If it stays below the $70,000 area, the pair may continue to decline. Bitcoin price stagnates below $70,000 Bitcoin price found support above the $66,000 level and began another rise. BTC was able to clear…

Bermuda, Bermuda, May 27, 2024, Chainwire HashKey Global announces the launch of LaunchPool and its first project, Polyhedra Network, to earn campaigns aimed at creating new transaction and engagement models, improving user engagement and loyalty, and providing a platform for promotion and development for emerging projects. (ZK) The pledge has begun. HashKey Global’s Launchpool platform provides users with an alternative cryptocurrency commitment solution. Users can pledge their existing cryptocurrency to the pool and redeem tokens at any time, giving them the flexibility to adjust their investment strategy to market changes. The platform not only provides projects with early token distribution…

Posted 1 minute ago In ~ Japanese banking giant Nomura and its digital asset arm Laser Digital have partnered with Japan-based GMO Internet Group to explore the issuance of stablecoins in Japan.In a statement released Monday, the two companies said they plan to investigate the issuance, redemption and distribution of Japanese yen- and U.S. dollar-denominated stablecoins. The partnership also plans to offer “stablecoin-as-a-service” products to support enterprises issuing stablecoins. According to the statement, these services will likely include compliance management, blockchain integration, and backend transaction management.Through this partnership, Nomura and Razer Digital plan to focus more on cryptocurrency trading, asset…

This week’s “Cryptocurrency of the Week” takes a closer look at the pivotal developments and key data releases that will shape the cryptocurrency landscape in the last week of May. From important inflation data impacting Bitcoin’s trajectory to important governance votes and strategic collaborations in the blockchain sector, each event has the potential to significantly impact market dynamics. #1 Bitcoin and Cryptocurrency Markets Await US PCE Data As the US Bureau of Economic Analysis prepares to release personal consumption expenditures (PCE) price index data for April on May 31, the Bitcoin and cryptocurrency markets are on high alert. This indicator,…

Meme coins still bring profits, but it’s not for everyone. Investors told crypto.news how much they could profit from the meme coin hype. Meme Coin recorded an impressive average return of 1,313% in the first quarter. And this sector does not even cease to grow and bring millions of dollars in profits to traders. Source: CoinGecko It is natural for prices to rise significantly in a matter of days or weeks. But what is all this about? What is a meme coin? Meme coins are a type of cryptocurrency that enjoys popularity directly related to internet memes and viral marketing…

Special thanks to Vlad Zamfir and Zack Hess for ongoing research and discussions on proof-of-stake algorithms and their own input into Slasher-like proposals One of the hardest problems in cryptocurrency development is that of devising effective consensus algorithms. Certainly, relatively passable default options exist. At the very least it is possible to rely on a Bitcoin-like proof of work algorithm based on either a randomly-generated circuit approach targeted for specialized-hardware resitance, or failing that simple SHA3, and our existing GHOST optimizations allow for such an algorithm to provide block times of 12 seconds. However, proof of work as a general…

Conflux(CFX) v2.4.0-testnet hard fork upgrade announced Conflux, a public blockchain system that aims to provide fast and secure decentralized applications, has officially announced the upcoming v2.4.0-testnet hard fork upgrade. According to the Conflux Forum, all nodes will need to be upgraded before the epoch number reaches 173520000, which is expected to occur at 15:00 (GMT+8) on May 30. The upgrade activates several Conflux Improvement Proposals (CIPs) when certain block numbers are reached. Incompatible changes The hard fork included several incompatible changes intended to improve the performance and security of the Conflux network. Some notable CIPs…

XRP Healthcare has announced new plans for its native token. The Web3 company aims to increase the scarcity of its tokens. The company said the token’s scarcity is “an important element of its appeal.” Blockchain-focused pharmaceutical and healthcare platform XRP Healthcare announced on Monday a strategic move to discontinue its XRPH token exchange facility on XRP in response to “unprecedented demand” for XRPH tokens. XRPH is the native token of XRP Healthcare and its utility can be utilized to purchase a variety of healthcare products and services on the company’s decentralized marketplace. As of press time, the token is trading…

UNI price started a significant rise above the $$10.00 resistance. Uniswap is showing positive signs and could see more upside above the $11.75 resistance level. UNI broke the $10.00 resistance zone and started a new rally. The price is trading above $11.00 and the 100-hour simple moving average. On the hourly chart of the UNI/USD pair (data source from Kraken), a breakout occurred above a bearish trend line connecting with resistance near $9.50. The pair may correct to the upside, but bulls may see further upside above $11.75 in the near term. UNI Price Holds Profits Uniswap started a new…