Solana has a bullish structure after a deep retracement. A retest and rally is expected in the coming weeks, marking the previous resistance level as a “buy” zone. Solana (SOL) broke the $160 resistance zone and cleared the imbalance above its monthly range. In doing so, it asserted the previous higher period uptrend. The $160 region is likely to act as support going forward. A recent AMBCrypto report highlighted that social metrics are disappointing. The network also surpassed Bitcoin (BTC) in terms of revenue generated over a 24-hour period. Is the bull market strong enough to sustain the rally? Source:…
Author: Crypto Flexs
Read More
Despite the current economic downturn, there are notable signs that the Bitcoin ecosystem is ready for a comeback. About six months ago, the average number of new Bitcoin addresses per week increased to its highest level since the all-time high in December 2017. However, this only reflected the rumors in the Bitcoin community at the time. For context, there was the fact that expectations for the approval of a spot Bitcoin ETF were at an all-time high. This was coming with the introduction of innovative protocols such as Ordinals and Half-Life Events. All of this has led to the creation…
join us telegram A channel to stay up to date on breaking news coverage Venezuela has banned cryptocurrency mining activities amid the country’s energy crisis with repeated blackouts. Venezuela’s Ministry of Electricity and Energy also plans to disconnect miners from the national grid to control demand. #official Cryptocurrency mining is prohibited throughout Venezuela. — Asonacrip (National Cryptocurrency Association) (@AsonacripVe) May 18, 2024 Shutting down cryptocurrency mining farms will reduce demand and ensure Venezuelans have access to efficient and reliable services, the Energy Ministry said. The government did not say whether the ban would be temporary or permanent. Venezuela seizes 2,000…
I’m trying to broadcast this transaction, but I’m getting the following error: Got sendrawtransaction RPC error: “code”:-26,”message”:”non-final” What does this error message mean? FYI, this is the deal I wanted to broadcast. Thank you for your support! 020000000001015113867e2fd1243c28fbb148d2032920f96c5803f1c7af468fe332a1d7a1c5210000000000feffffff01e80600000000000160014b9514f31 d 8d06dd5782988d15f4bc762cf862dad014065f1e4f5ebe884cf006c985de2628fb1afec3ce30d869e66e6a5aabd272dec9a20dc51a79de2115e0f4bb9edf6843f56f12ca0 d63cfa0585943ecb264e1c98b493e566
Binance Supports IRISnet Network UpgradeBinance, a leading cryptocurrency exchange, announced that it has decided to support IRISnet (IRIS)’s future network upgrades. Applications will open on May 20, 2024 at approximately 04:30 (UTC). During this period, Binance will suspend token deposits and withdrawals on the IRISnet network to ensure a smooth transition and the best user experience.Upgrade detailsThe network upgrade is set to occur at block height 25,006,118, or approximately 05:30 on May 20, 2024 (UTC). Token trading on the network will not be affected during this upgrade. Binance assured us that it will take care…
Crow Transforms Digital Transactions with Enhanced Security and Transparency with Launch of Blockchain-Based Escrow Token – Chainwire housenewsroomCrow Launches Blockchain-Based Escrow Token, Transforming Digital Transactions with Enhanced Security and Transparency We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or…
The highly anticipated Ethereum Spot Exchange Traded Fund (ETF) is set to reach a critical juncture next week, says Nate Geraci, President of ETF Store. exposed The U.S. Securities and Exchange Commission (SEC) is expected to make a final decision on exchange-traded funds (ETFs) within this week. Ethereum Spot ETF Decision Approaching The SEC’s ruling could have a significant impact on the direction of Ethereum investment, so Nate Gerasi’s revelations have raised expectations about cryptocurrency and the investment environment. Geraci highlighted 19b-4s (exchange rule changes) and S-1s (registration statements) as two key components of the SEC review process. According to…
gnosis Gno +3.85% DAO is discussing a large-scale buyback proposal for native tokens.The proposal was put forward by Thanefield Capital, a cryptocurrency fund with a vested interest in the Gnosis (GNO) token. The DAO is requesting a deployment of $30 million from the Treasury over six months, claiming it would rebalance GNO’s market value to its intrinsic book value.Thanefield Capital argued that GNO’s current market capitalization based on circulating supply is underestimated. This contrasts with Gnosis DAO’s assets, which include $630 million in non-GNO liquid assets and $100 million in venture capital investments, totaling $730 million. In comparison, the circulating…
A skilled trader converted $2,275 worth of Solana tokens into a profit of $2.26 million in just 8 hours.According to a May 19 post on Lookonchain, the wallet of a memecoin trader known as “sundayfunday.sol” made a profit of more than 993x on its investment of 13 Solana (SOL) tokens for 1DOL of the newly launched memecoin.“8 hours ago he used 13 $SOL ($2,275) to buy 242M #1DOL, now worth $2.26M!”Memecoins like Dogwifhat (WIF) and Pepe (PEPE) gained attention following the Bitcoin halving. Despite having no underlying utility, memecoins often reach valuations in the billions of dollars, making millionaires for…
DFINITY Foundation, the parent company of Internet Company (IP), has released its roadmap. This highlights the company’s commitment to integrating artificial intelligence (AI) and blockchain technology. The Internet Company is also interested in bringing most of its services and operations onto the chain. Key areas of focus in the updated roadmap include chain convergence, privacy, computing platform, and developer experience improvements. We will also focus on improving many other aspects of the ecosystem, including digital assets, token economics, and governance. First of all, you will achieve two milestones: Stellaratos and Tokamak. Stellaratos will work with data using new storage tiers…