PEPE faced a 6.9% decline on Wednesday as Bitcoin (BTC) fell to $62,000. Several key indicators show that PEPE’s 25% rally is coming to a halt. Demand for PEPE in derivatives decreases with the cleared purchase amount of $1.1 million. Judging by several on-chain indicators, Pepe’s incredible 25% bullish rally over the past seven days is likely to be halted. The cryptocurrency community was excited about Binance Whale’s massive cash haul of 1.23 trillion PEPE tokens three days ago, but the same whale shuffled this amount back onto the exchange yesterday. Another cryptocurrency whale shuffled a massive 1,241,850,000,000 PEPE tokens…
Author: Crypto Flexs
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Bitcoin Beach, in collaboration with Geyser and the Bitcoin Federation for Circular Economy (FBCE), has announced a round of Bitcoin Beach Grants aimed at advancing the Bitcoin circular economy globally. This initiative aims to support the emerging Bitcoin circular economy seeking growth through local Bitcoin education, merchant adoption, and Bitcoin-enabled community initiatives.🌎 Exciting news! Introducing a new global campaign. #Bitcoin Circular economy. The team #Bitcoin Beach is pleased to announce a new campaign to support emerging businesses. #Bitcoin Global Circular Economy Powered by Partnership with @geyserfund and @FBC Global… pic.twitter.com/c07orDqFmk— Bitcoin Beach (@Bitcoinbeach) May 7, 2024 Bitcoin Beach grant participants…
Independent Presidential Candidate Robert F. Kennedy Jr. Joins Consensus as Headline Speaker – Chainwire housenewsroomIndependent presidential candidate Robert F. Kennedy Jr. joins Consensus as headline speaker 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…
Few ordinary crypto holders understand the role of market makers.At the simplest level, market makers provide liquidity to keep assets tradable in the cryptocurrency market, ensuring that if a user tries to buy or sell a coin on a particular exchange, they’re usually able to. However, unethical market makers also manipulate token prices, inflate volumes and conduct pump and dumps. Mathias Beke, Kairon Labs Many cryptocurrency projects hire them to goose their performance metrics using strategies like wash trading, which is where entities repeatedly trade the same asset back and forth to create the illusion of volume. In traditional markets,…
Ethereum co-founder Vitalik Buterin, along with collaborators Sam Wilson, Ansgar Dietrichs, and Matt Garnett, proposed a new Ethereum Improvement Proposal (EIP) number 7702, designed to significantly improve the functionality of Ethereum’s Externally Owned Accounts (EOAs). EIP-7702 aims to temporarily integrate smart contract functionality into EOA, a revolutionary concept that could redefine user interactions on the Ethereum network. Evolution of Ethereum Account Abstraction Ethereum’s account model includes two basic types: externally owned accounts (EOA) and contract accounts. EOAs are controlled by private keys and have limited functionality and security features, limiting their use in more complex transactions typically reserved for smart…
Arbelos currently operates overseas through the British Virgin Islands. The company is also seeking regulatory licenses from financial authorities in the region to allow it to operate without restrictions while complying with local laws. Joshua Lim and Shiliang Tang, cryptocurrency veterans who previously worked at Circle Financials and LedgerPrime, a digital asset hedge fund acquired by FTX before its collapse in November 2022, successfully raised $28 million in a funding round led by Dragonfly Capital. . It is the best investment company in the industry. Other big names in the industry also participated in the round, including their former employers,…
Blockchain-based video game projects have been exploring ways to make it easier for users to play games without being distracted by crypto-related elements. In that vein, Shrapnel, one of the most anticipated games ahead of its wide release, has implemented an integration that allows players to purchase SHRAP, the game’s utility token, using credit or debit cards.Previously, players could only obtain SHRAP tokens through exchanges, according to the statement. “Now, with Halliday’s integration with Onramp, players can quickly and easily convert fiat to SHRAP using Moonpay or Stripe as their payment gateway,” he said.“Halliday removes a major web3 friction point,…
Notorious for its community-driven valuation and unpredictable nature, Meme Coin presents a high-risk investment that venture capitalists (VCs) approach cautiously. Despite their erratic nature, some meme coins have carved out significant niches thanks to viral trends and dedicated communities. meme coin like Dogecoin (DOGE) and Shiba Inu (SHIB) They continue to fluctuate significantly, highlighting the typical high-risk profile of these assets. for example, Dogecoin The current market capitalization is $22.14 billion, but it has recently decreased by 23.08%, showing that there is volatility that can prevent a stable investment. dogwifehat (WIF), a new entrant into the memecoin market, recorded a…
A rising wedge is a bearish chart pattern used in technical analysis that signals a potential reversal of an existing uptrend or the continuation of a larger downtrend. This pattern is identified by the convergence of upward sloping trend lines, with the lower trend line rising at a steeper angle than the upper trend line. Here’s more information about the Rising Wedge pattern:formationtrend line convergence: A rising wedge is formed by drawing two rising trend lines connecting a series of progressively higher lows and highs. However, because the lows rise faster than the highs, these lines converge, which indicates that…
After two days of positive inflows, U.S. spot Bitcoin exchange-traded funds (ETFs) fell on Tuesday, losing $15.7 million. Grayscale’s Bitcoin Trust (GBTC) recorded a $29 million loss during today’s trading session, overshadowing the breakevens and positive reports of other spot Bitcoin funds. Fidelity, Ark Invest, Invesco report gains while GBTC struggles (…)