XRP price extended its decline below the $0.520 support level. The price is currently trading within a range and is eyeing an upward breakout above the $0.5320 resistance. XRP extended its losses and fell below the $0.5120 support. The price is currently trading above $0.5250 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair, there is a major bearish trendline forming at resistance $0.5325 (data source from Kraken). A breakout of the $0.5365 resistance area could provide bullish momentum. XRP price remains stable. In the last two sessions, the price of XRP has steadily declined…
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Marathon Digital partners with Kenya to harness unused energy across the country for Bitcoin mining. The transaction will see more than $80 million invested in projects to increase the utilization and optimization of renewable energy. Bitcoin miner Marathon Digital has signed a major contract with Kenya’s Ministry of Energy and Petroleum. The contract, sealed today, May 24, 2024, provides a partnership for BTC miners to utilize the country’s underutilized energy for Bitcoin mining. Marathon to harness Kenya’s underutilized renewable energy Marathon sealed the deal during Kenyan President William Ruto’s state visit to the United States. According to the company, the…
Dogecoin ( viceroy +3.81% ) has since seen several brief spikes. death of inspiration.The first price spike occurred around 1:40 a.m. ET, around the time news of the dog that started the meme passed away.“Today, Kabosu, a shared friend and inspiration to our community, passed away peacefully in her arms,” dogecoin’s official X account wrote on Friday. “The impact this dog has had on the world is immeasurable,” she said.Shiba Inu-based memes went viral in the early 2010s, which led to the creation of dogecoin in December 2013. DOGE is currently the largest memecoin by market capitalization and has inspired…
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In this week’s episode Hashing Learn about the evolving Web3 and blockchain technology landscape with Avail co-founder Anurag Arjun. The discussion covers the consolidation of the Web3 ecosystem, the rise of rollups, fragmentation issues, and innovations paving the way for mass adoption. Arjun discusses the fragmentation of the Web3 ecosystem and Avail’s role in unifying it. He explains that the increasing number of layer 1 and layer 2 blockchains offering innovation can be detrimental to the space due to fragmentation and user confusion. He emphasizes the importance of a modular architecture where multiple blockchains can operate on top of a…
Ethereum The ETH spot exchange-traded fund (ETF) is yet to witness an uptick today following its historic approval. However, considering the impact of exchange funds as seen with Bitcoin, several cryptocurrency analysts and market observers predict a major rally for ETH in the coming months. Joining the fray is popular cryptocurrency expert and trader Javon Marks. in the spotlight A notable breakthrough has occurred in Ethereum’s price action, leading to speculation that the development could spark a notable rally for the cryptocurrency asset. Ethereum Breakout Signals New All-Time High Marks’ prediction highlights the potential for ETH to reach unprecedented price…
Progress of the GPU Provider Beta Test Program for the Golem (GLM) Project According to a recent blog post from the Golem Project, the GPU provider beta testing program has made significant progress. Launched on January 29, the program has already achieved several milestones, with valuable feedback from community members playing a key role in the process. milestones achieved The beta testing program has so far had over 300 individuals sign up for the waitlist, and 67 have received invitations to participate in beta testing. Multi-GPU support is not yet available, so your selection criteria…
Coinbase Derivatives Market welcomes SHIB, FLOKI, and BONK. PEPE, previously added, now covers more than $5 billion in daily transactions. FLOKI, BONK succumbed to correction despite increased trading volume. The international subsidiary of the Coinbase cryptocurrency exchange has announced the inclusion of three popular dog coins in its perpetual futures service offering. According to the official Coinbase announcement for became.PEPE breaks records and eclipses DOGEThis new exchange includes a 1000x increase in smart contracts suitable for derivatives traders. The smart contracts for these meme coins, available on Coinbase International and Coinbase Advanced, follow in the footsteps of Pepe (PEPE). The…
Turin, Italy, May 24, 2024, Chainwire Iconic Italian football club Juventus has announced a partnership with cryptocurrency online casino Instant Casino to become its new regional betting partner in Europe. The deal has been described as a huge win for Juventus fans and Instant Casino players alike, promising extensive entertainment opportunities and exclusive rewards. Juventus Chief Commercial Officer Tiziana Di Gioia echoed this optimism when speaking about the new partnership. “We are delighted to welcome Instant Casino to the Juventus family. This partnership marks an exciting chapter for both our club and our fans. Instant Casino shares our commitment to…
The Abu Dhabi Agriculture and Food Safety Authority has banned cryptocurrency mining on farms. The regulations address misuse of agricultural land and impose fines of up to 10,000 UAE dirhams (about $2,722) on violators. Strict regulations to preserve agricultural health Cryptocurrency mining requires significant computing power and power, which conflicts with the farm’s primary agricultural function. The government aims to preserve the intended use of agricultural resources. Farmers should avoid cryptocurrency mining activities to avoid hefty fines. UAE Bitcoin Mining Overview. Source: Hash Rate Index Despite these regulations, the United Arab Emirates (UAE) still favors cryptocurrencies. By 2023, Vietnam has…