Ethereum price is aiming for an upward trend beyond the $2,900 level. To continue rising in the near term, ETH needs to settle above $2,900 and $2,940. Ethereum is forming a base above the $2,860 support area. The price is trading below $2,950 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $2,905. If the price closes above the $2,940 and $2,950 resistance levels, the pair could begin a significant rally. Ethereum Price Eyes Fresh Increase Ethereum price struggled to settle above the $3,000 level and…
Author: Crypto Flexs
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Hoak, anonymous contributor Solana brush -2.81% The underlying exchange, Cypher, admitted to embezzling and gambling protocol funds recovered from the exploit. Hoak appears to have withdrawn ETH, WSOL, BONK, and other cryptocurrencies from the repurchase agreement of Cypher, another Cypher contributor from Barrett, across 36 transactions. establish. The money taken from the repayment agreement totals $260,000, The Block calculated at current prices. Barrett said in a social media post that she had contacted law enforcement regarding Hoak’s dealings. “I know that nothing I say or do will make the situation better, short of rotting in prison,” Hawke wrote Tuesday. name.…
Stablecoin issuer Tether has frozen approximately 5.2 million USDT from addresses believed to be operated by phishing scammers. SlowMist, a blockchain analysis store reported Twelve Ethereum addresses with Tether (USDT) holdings disabled were involved in the freeze. Each wallet was labeled a “USDT banned address,” and SlowMist security researchers said the funds appeared to be associated with an on-chain criminal organization. Phishing is rampant in the cryptocurrency space, with malicious actors mimicking legitimate platforms or dapps to steal private keys and compromise wallets. Fraudsters continue to launch attacks, but security experts point out that users and platforms have developed strong…
Ethereum is under tremendous selling pressure, falling more than 30% from its March 2024 high. With prices recently falling below $3,000 and sellers doubling down, there may be no reprieve for optimistic buyers in the coming sessions. Analysts expect one more “failure” to $2,700. Let’s look at one analyst, X. note The coin is still in a downtrend and is moving inside a falling wedge. Traders predict that ETH will continue to fall below the immediate support level. ETH still weak | Source: X Analyst In the post, the trader predicted a potential “cleanse” of ETH, with the coin likely…
Fetch AI (FET), a renowned AI and blockchain platform, has unveiled BlockAgent, a groundbreaking advancement in blockchain monitoring. This innovative tool allows users to observe and monitor real-time blockchain activity to enhance strategic deployment in the Web3 ecosystem. Blockchain monitoring innovation through BlockAgent BlockAgent acts as an automated tool that collects real-time transaction data on your behalf and integrates it directly into your systems. This development represents a significant leap forward in blockchain observability. The tool is designed with an intuitive and customizable interface to address the needs of developers using smart contracts on various…
Several cryptocurrency traders said that along with the rise in GameStop (GME) stock price due to the overall market slump, the price of the unofficial GameStop memecoin also surged.“People are bored and are showing little signs of hope that they can,” Daan Crypto Trades, an anonymous cryptocurrency trader, told Cointelegraph.“The excitement generated around the GameStop memecoin shows there is unallocated capital out there,” Ed Hindi, chief investment officer at Tyr Capital, told Cointelegraph.GameStop (GME), a Solana-based memecoin with no connection to the official company, is up 2,727% over the past two days, with Gamestop’s stock also up 204.50% over the…
This partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to help local individuals and businesses harness the power of blockchain technology. Tether Operations Limited announced that it has signed a Memorandum of Understanding (MOU) with RAK Digital Assets Oasis (RAK DAO). As a result of this transaction, the two companies aim to strengthen the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate of the United Arab Emirates. Increasing Cryptocurrency Adoption in RAK According to the announcement, Tether will work with RAK DAO to…
The Wisconsin State Investment Board (SWIB) made a significant move in the cryptocurrency market by purchasing $99 million worth of the iShares Bitcoin Trust (IBIT), a BlackRock Bitcoin ETF. The acquisition, disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC), highlights the growing trend of institutional investment in Bitcoin exchange-traded funds (ETFs). Wisconsin’s Strategic Move Financial markets have been buzzing since the spot Bitcoin ETF was approved in January. These investment vehicles quickly gained traction among institutional investors. For example, prominent financial institutions such as Wells Fargo and JPMorgan have already disclosed their Bitcoin ETF holdings.…
Conservatism, not in a political sense, but in the literal sense, has always been a core part of the Bitcoin ecosystem. Satoshi himself was very careful and thorough in his attempts at original design, and the subsequent developers were very careful and thorough in the development process after his departure. Numerous technologies were originally developed for Bitcoin and eventually tested on other networks with this care. Confidential transactions, one of Monero’s core technologies? Created by Gregory Maxwell for Bitcoin. It was never implemented because of its large inefficiency in terms of data size and because it fundamentally changed the encryption…
Immutable Games’ flagship title, the mobile-based fantasy RPG Guild of Guardians, is finally releasing globally on both Apple and Android devices, the developer has announced.To celebrate the launch and drive engagement, Immutable Games is also offering prizes worth up to $1 million in the game’s GOG tokens, the company said. According to a statement, ‘Guild of Guardians’, which has been attracting attention since 2022, has over 1 million pre-registered users.”We’re thrilled to finally bring ‘Guild of Guardians’ to millions of players around the world. This release is the culmination of years of development and community building,” Justin Hulog, Chief Studio…