Ethereum has performed disappointingly for investors over the past few weeks, leading to concerns that the second-largest cryptocurrency by market capitalization may have lost its luster. The cryptocurrency continues to hover around the $3,100 level, showing no significant gains. This signals weak fundamentals that could trigger a price decline. Ethereum shows no meaningful movement. Markus Thielen, head of research at 10x Research, pointed out some worrying developments regarding the price of Ethereum. In a new report shared with NewsBTC, he explains that Ethereum continues to underperform despite maintaining a high correlation with Bitcoin with an R-Square of 95%, while Bitcoin…
Author: Crypto Flexs
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Ethereum price is correcting gains made at $3,220 resistance. ETH could start a fresh increase if it clears the $3,055 and $3,080 resistance levels. Ethereum began a new downtrend after encountering resistance near $3,220. The price is trading below $3,100 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 $3,055. The pair would need to hold above the $3,000 support to initiate another hike towards $3,220. Ethereum price revisits $3K Ethereum price faced resistance at $3,220 and began a downward correction like Bitcoin. ETH fell below…
Posted 1 minute ago In ~ FTX plans to provide at least 118% of its allowed claims to 98% of its creditors, the bankruptcy exchange said in a reorganization plan released Tuesday. Other creditors will receive full repayment and billions more in compensation for the time value of their investments, the company said.“We are pleased to be able to propose a Chapter 11 plan that contemplates returning 100% of the bankruptcy claim amount plus interest to non-governmental creditors,” said FTX CEO John J. Ray III. . release. The latest reorganization plan aims to ‘centralize distribution’ for FTX customers and creditors…
New York, NY, May 7, 2024, Chainwire Spectral is pleased to participate in Hugging Face’s expert support program. Spectral is working with deep learning experts at Hugging Face to advance open source models, datasets, and applications for the on-chain agent economy. How to use Hugging Face Hugging Face plays an important role throughout the Spectral organization. Through our expert support program, Spectral meets regularly with the Hugging Face team to plan new use cases, formulate data set construction strategies, and develop training strategies. Earlier this year, Spectral launched Syntax, which consists of a fine-tuned LLM orchestrator that routes queries between…
A falling wedge is a bullish chart pattern used in technical analysis that indicates a reversal of a downtrend or continuation of an uptrend. This pattern is characterized by the convergence of downward sloping trend lines, with the upper trend line falling more steeply than the lower trend line. Here is a detailed overview of the falling wedge pattern:formationtrend line convergence: A descending wedge is formed by connecting a series of lower highs and lower lows with two extending, converging trend lines. The upper trend line acts as resistance and the lower trend line acts as support.Narrowing price range: As…
part- BitPay makes it easy and convenient to sell BTC and other top cryptocurrencies for cash.- Transactions can be completed safely using the BitPay app.- Pay less fees and store more of your cryptocurrencyEven the most dedicated HODLers sell cryptocurrencies from time to time. Whether you want to profit from the top, diversify your assets, or simply need some quick cash, BitPay has you covered. Take advantage of flexible limits on your cryptocurrency sales and always low and transparent fees. If you’re ready to sell cryptocurrency but aren’t sure where to start, our guide to selling cryptocurrency with BitPay will…
Telos secured $1 million in funding from Presto Labs to develop SNARKtor-based L2 and SNARKtor Labs. -Chainwire housenewsroomTelos secured $1 million in funding from Presto Labs to develop SNARKtor-based L2 and SNARKtor Labs. 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…
In a recent proposal, prominent Ethereum developers including Vitalik Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett proposed a new transaction type to improve Externally Owned Accounts (EOA).This proposal, currently in draft status, outlines the creation of a new transaction type that temporarily converts EOAs to a smart contract wallet during transaction execution, providing similar functionality to that described in EIP-3074.According to the draft proposal, EIP-7702 would allow batching of transactions and sponsorship transactions with payments from different accounts. The proposed transaction type includes a contract_code field and a signature, allowing EOAs to temporarily adopt smart contract functionality.The core intent…
The cryptocurrency world is thriving with valuable cryptocurrencies. Prominent cryptocurrencies among these are Pepe, Pyth, and BlockDAG. BlockDAG has been gaining significant attention since its feature gained attention on the “Luxe Crypto” YouTube channel. This article focuses on the popular YouTube video of “Luxe Crypto”, which highlights BlockDAG’s features such as its futuristic miner series, advanced network, user-friendly payment cards, and ambitious goals, while addressing Pepe’s resilience and Pyth Network’s stability issues. Investigate. $20 by 2027. The video also sparked investor enthusiasm by highlighting BlockDAG’s $2 million giveaway strategy and clear roadmap. With $23.6 million in funding and a potential…
Cryptocurrency market maker Wintermute announced today that it will provide liquidity to OSL and HashKey for spot Bitcoin and Ether exchange-traded funds in Hong Kong to “strengthen Wintermute’s presence in the Asian cryptocurrency market.”Wintermute said in a statement Wednesday that it plans to work closely with Hong Kong-based spot cryptocurrency ETF sub-custodians OSL and HashKey on the purchase, sale and delivery of the underlying Bitcoin and Ethereum for the spot ETF.“ETFs play a key role in attracting the next generation of investors from both institutional and retail sectors to the cryptocurrency space, and this would not have been possible without…