Cardano (ADA) is attempting a fresh rally above the $0.4500 resistance zone. ADA could gain bullish momentum if it stabilizes above the 100 SMA (H4). ADA price is slowly rising above the $0.450 area. The price is trading below $0.480 and the 100 simple moving average (4-hours). A breakout occurred above the main bearish trend line with resistance at $0.4580 on the 4-hours chart of the ADA/USD pair (data source from Kraken). If there is a clear move above $0.470, the pair could gain bullish momentum. Cardano price attempts a new rise Over the past few days, Cardano has begun…
Author: Crypto Flexs
Read More
George Town, Cayman Islands, May 8, 2024, Chainwire AIGOLD is pleased to announce the launch of an innovative cryptocurrency project. This groundbreaking initiative aims to redefine the digital asset landscape by integrating artificial intelligence and the enduring value of gold. AIGOLD’s pre-sale phase is currently underway and early access is available at aigold.io. AIGOLD: Pioneering Gold Integration of Cryptocurrencies with Enhanced Security and Market Stability AIGOLD aims to drive the integration of gold into the cryptocurrency sector, improving security and stability for those engaged in trading. The platform design includes using a portion of the AIG (AIGOLD) token pre-sale proceeds…
On-chain confidential computing project Arcium has completed a $5.5 million strategic funding round led by Greenfield Capital, bringing total capital raised to $9 million.Other participants in this round include Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facility, Smape Capital, and Everstake, as well as high-profile angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han. With the new funding, Arcium plans to provide developers and blockchain applications with a trust-minimized, composable framework for cryptographic computation.Arcium was founded by Yannik Schrade, Julian Deschler, Nicolas Schapeler, and Lukas Steiner, the team behind Elusiv, a zero-knowledge privacy protocol…
According to Tether executives, tokenizing fiat currencies like the U.S. dollar is the biggest innovation since the invention of fiat currency and will enable new mechanisms in global finance in the coming years.William Quigley, co-founder of stablecoin giant Tether and decentralized exchange WAX, believes the global economy is likely to transition to tokenized currencies within the next decade. He praised tokenization technology during a fireside chat at the FT Crypto and Digital Assets Summit on May 9.“Rarely is there a technological innovation that is so perfect that it has no drawbacks. “You can only strengthen fiat currencies by tokenizing them.”…
The EU’s financial watchdog, the European Securities and Markets Authority (ESMA), is considering whether to allow Bitcoin into the region’s €12 trillion mutual fund market.Just arrived: 🇪🇺 EU securities authorities are exploring additions. #Bitcoin €12T Cryptocurrency exposure to the investment market.The EU is getting ready 🙌 pic.twitter.com/kVYZrrEFCx— Bitcoin Magazine (@BitcoinMagazine) May 9, 2024 ESMA seeks feedback on expanding the eligible assets of collective investment schemes in transferable securities (UCITS). These mainstream retail investment products make up more than 75% of funds held by EU citizens.If Bitcoin is approved for UCITS, it will be the first in Europe to gain mainstream…
Binance, a popular cryptocurrency exchange, recently introduced USDC to its dual investment platform, expanding the range of investment opportunities available to users. With this new addition, users can now select USDC pairs to participate in low-buy and high-sell offerings and earn rewards on a variety of popular cryptocurrencies. Dual investing on Binance allows users to set their desired price and settlement date for future cryptocurrency purchases or sales, commission-free. This feature provides flexibility and potential rewards for users looking to accumulate high returns from their cryptocurrency holdings or purchase cryptocurrencies at low prices compared to…
VanEck subsidiary MarketVector We launched an index based on the performance of the top six meme coins.. MarketVector’s Meme Coin index, traded under the symbol MEMECOIN, is rising 195% year over year. For comparison, CD20 is up 97% over the same period. MEMECOIN tracks Dogwifhat, Shiba Inu, Pepe, dogwifhat, Floki Inu, and BONK, which account for nearly $47 billion of the total meme coin market capitalization of $51 billion, according to CoinGecko. While they don’t shy away from the lighter side of the cryptocurrency market, some commentators believe meme coins could continue to show impressive returns as Solana’s low fees…
CEO Vladimir Tenev spoke about Robinhood’s solid financial performance during the company’s first-quarter earnings call. But the company’s success has been overshadowed by a recent notice Wells received from the Securities and Exchange Commission (SEC). The outstanding results announced by Robinhood, including a significant increase in cryptocurrency trading volume, were achieved despite regulatory hurdles. Robinhood’s First Quarter Profits: Robinhood reported significant profit results for the first quarter, with cryptocurrency-related services accounting for approximately 40% of the company’s $329 million in trading-based revenue. During the most recent quarter, the company reported net income of $157 million,…
Ethereum price extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum continued its downward trend, trading below the $3,000 level. The price is trading below $3,050 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance at $2,980. The pair would need to hold above the $2,940 support to initiate another rally towards $3,220. Ethereum price falls below $3,000 Ethereum price remained in bearish territory and, like Bitcoin, losses extended…
CEL, the native token of the now-defunct Celsius Network (CEL), has recorded an impressive price surge following a massive token burn. According to on-chain data, Chelsea burned more than 94% of its total supply on April 30, plummeting from 695.65 million CEL to 40.55 million CEL. Tokens were sent to a null address, making it the third largest transaction in Celsius history. CEL Price, RSI, Open Interest and Funding Rate – May 9 | Source: Santiment Since the burn trade, CEL has risen 360% over the past week. The asset is up 67% in the last 24 hours and is…