Ethereum price extended its recovery above the $3,120 area. ETH failed to break above the $3,220 resistance level and is currently paring gains. Ethereum rose well above the $3,150 and $3,200 levels before a downward trend took place. The price is trading below $3,120 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $3,120. The pair would need to hold above the $3,020 support to initiate another hike towards $3,220. Ethereum price falls again The price of Ethereum, like Bitcoin, has…
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Auckland, New Zealand, May 1, 2024, Chainwire Acala Network is launching a new technology roadmap that lays out the steps needed to provide multi-chain services to users. Acala, the foundational platform of the Polkadot ecosystem, unveils the Sinai upgrade, a significant advancement in its Acala 2.0 initiative that aims to broaden the horizons of the overall crypto-finance landscape. This upgrade is set to strengthen the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across layer 1, 2 or 3 blockchain networks. Multichain integration and improved DeFi accessibility The cornerstone of Sinai’s upgrade…
Mode was developed based on Layer 2 networks. OP -6.055% Stack will begin claiming airdrops for governance tokens today at 7 AM ET.In this initial phase, the mod will distribute 550 million Mod tokens, representing 5.5% of the total 10 billion token supply.The distribution is designed based on the Mode Points held by users, which were initially allocated at the “Mode Sunrise” event in January based on users’ past activity in various DeFi applications, NFTs, and other layer 2 networks.Immediately after the claims are made public, Mode tokens are expected to be listed on various decentralized and centralized exchanges for…
The Gnus.AI artificial intelligence network suffered a loss of approximately $1.27 million due to a token mining attack on May 5. The team announced plans to release a new version of the Genius (GNUS) token and that users should no longer purchase the old version.source: Gnus.AIGnus.AI is a blockchain network that allows users to perform AI computations by exchanging tokens.Related: AI blockchain platforms attracted $5 billion in funding in the first quarter of 2024.According to a May 6 post from blockchain security company CertiK, the attackers performed the exploit in the following way: Acquisition The private key of your team…
Bitcoin price continued its upward trend above the $64,000 resistance line. BTC currently holds gains above $62,800 and could be targeting further upside. Bitcoin traded at a new weekly high of $65,500 before a downward correction. The price is trading above $63,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a key bullish trendline with support at $63,350. A break above the resistance levels of $64,500 and $65,500 could lead to further upside. Bitcoin Price Is Aiming Higher Bitcoin price remained above the $62,500 support area and extended gains. BTC…
FSL Launches MOOAR Box Season 2 Rewards, Pioneering Gamified NFT Marketplace Experience – Chainwire housenewsroomFSL Launches MOOAR Box Season 2 Rewards, Pioneering Gamified NFT Marketplace Experience We use cookies to make Chainwire’s website a better experience. Cookies help us give you 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 access is necessary for the…
The proposal, created until October 2020, allows users to sign transactions submitted by other parties. For example, you can sign transactions from another interface or sign offline. According to the document, the authors are Sam Wilson, Ansgar Dietrichs, Matt Garnett, and Micah Zoltu.
As the cryptocurrency landscape evolves, competition for innovation and lucrative returns is heating up. Among the frontrunners BlockDAG, Ondo and Starknet are each making significant progress within the market. But BlockDAG is quickly setting itself apart from the crowd with a roadmap that charts a path to potentially huge returns, with incredible pre-sale success of $23.2 million and a long-term ROI of 30,000x, implying $20 by 2027. Temperature Finance: Democratizing Access to Decentralized Finance Ondo Finance is carving out a niche in decentralized finance by facilitating the segmentation of income-generating assets. This approach simplifies access to a variety of investment…
join us telegram A channel to stay up to date on breaking news coverage As the cryptocurrency market recovers, meme coins are surging, attracting investors with their entertainment value and profit potential. Driven by buzz generated online and enthusiasm within the community, this coin is riding the wave of internet trends and collective sentiment. Both experienced and new investors are attracted to the excitement of meme coin trading, lured by the potential to earn significant profits in a short period of time. Strategically, the peak of meme coin season represents a favorable moment for investors to get involved. The key…
Policy • May 6, 2024, 5:10 PM EDT Posted 1 minute ago In ~ The U.S. Securities and Exchange Commission is delaying a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund.in filing Posted on Monday, the agency set July 5, 2024, as its next deadline to approve or disapprove the proposed spot ether ETF. The Commission has determined that it is appropriate to specify a longer period for issuing an order approving or disapproving a proposed rule change in order to have sufficient time to consider the proposed rule change and the issues raised therein. The SEC…