A cryptocurrency strategist who follows closely believes that one Ethereum (ETH) rival is poised to witness a steep rally. Trader Ali Martinez says 61,400 followers on social media platform X say he is bullish on Cardano (ADA). According to the analyst, ADA “looks poised for a parabolic rally” after losing about 50% of its value over the past month. Martinez points out that in 2020, Cardano saw a correction of more than 50% before embarking on a vertical upswing. “In 2019, Cardano consolidated within a parallel channel, signaling the end of a bear market. Following the stagnation phase, ADA broke…
Author: Crypto Flexs
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Bitfinex CTO Paolo Ardoino dismissed claims that Bitfinex had been breached as “pure FUD (fear, uncertainty and doubt).” According to a report by Shinoji Research, ransomware group Fsociety may have access to all know-your-customer (KYC) documents from Bitfinex since its founding. Security researchers say these claims (…)
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. The momentum of artificial intelligence appears to be unstoppable, and numerous studies have been conducted on its potential impact on jobs. There have been doomsday scenarios where AI would cause millions of white-collar workers to lose their jobs and entire industries to collapse. But as Charles Darwin said, it is not intelligence that determines survival. Being able to adapt and adapt to change. The impact of this technology in the creative economy, with an estimated value…
In fact, synthetic dollars can be more costly than “real” dollars because they need to be over-capitalized in collateral to avoid the risk of losing their linkage to the U.S. dollar. Despite these risks, a significant number of blockchain-based digital assets have been pegged to the US dollar. MakerDAO’s dai is probably the most successful of these. But today its support includes some US dollar assets. However, there are other assets that are pegged solely to cryptocurrencies and other digital assets that are not linked to the dollar.
BounceBit mainnet launch date is May 13th. bounce beat, a notable player in the cryptocurrency space, has officially announced its highly anticipated mainnet launch schedule. This move will revolutionize the way users interact with the platform by improving security, asset safety, and user profitability. The mainnet is scheduled to be released on May 13, 2024, following a carefully planned phased rollout. Premium yield generation has been paused. Premium yield generation functionality will be paused from May 6 until mainnet launch. During this period, users will not be able to stake new assets. However, existing staked…
Without a doubt, the cryptocurrency market has continued its roller coaster ride through May, but amidst all the volatility, there is one coin that has vividly emerged as a frontrunner. This is Bitgert. This phenomenon can be called diaphragm. bigutcoin The craze is causing ripples in the market, leaving many people, including seasoned investors, in awe. Bitgert is positioning itself as a next-generation altcoin thanks to its commitment to the development and advancement of general decentralized finance platforms. If you think about it, have you ever wondered why investors tend to invest in certain coins that are performing well in…
Hayden Adams, founder of the Uniswap protocol, shared his thoughts on what characterizes a good distribution or launch of a token. In a recent post on the X platform, the prominent cryptocurrency figure highlighted the complexity surrounding cryptocurrency launches by listing 10 characteristics of a good token distribution. Uniswap founder gives his opinion on good token distribution Adams began his thoughts on good token distribution by saying that projects should allocate “tokens, not points” to the community. This phrase means that rather than receiving points, which may have limited utility, participants should receive actual tokens that hold value within a…
MakerDAO has launched new tokens called NewStable and NewGovToken. MKR price responded positively, surging 8%. MakerDAO (MKR) has long been one of the most dominant players in the DeFi sector. One of the reasons was continuous protocol expansion. New releases from MakerDAO In the most recent development, MakerDAO governance introduced two new tokens: NewStable (NST) and NewGovToken (NGT). This is a placeholder for the token’s final name and will be revealed later. Source: Santiment Looking at the details NST represents an upgraded version of MakerDAO’s flagship stablecoin, DAI. NGT, on the other hand, stands for a sophisticated approach to governance.…
Bitcoin (BTC) price could see a bullish trend reversal if a popular trading indicator known as the inverse head-and-shoulders pattern is confirmed, which could “catalyze the next phase of the rally,” according to one cryptocurrency trader.Crypto trader Matthew Hyland explained on May 4: “If we fail to break $67.5,000, a bottom pattern reversal could make sense if something like this were to form next month.” post At X.He is referring to the inverted head and shoulders pattern. This is a bullish indicator that the downward trend is easing and buyers are becoming more dominant in the market.“It will be great…
Share this article Cryptocurrency startups are increasingly adopting an aggressive form of funding known as open or rolling funding rounds.This approach allows startups to raise capital consistently and grow their valuations quickly, as opposed to the traditional venture capital model of conducting individual funding rounds over several years.According to a report by Bloomberg, the rise in open-ended funding rounds in the cryptocurrency industry reflects both the sector’s recovery from the 2022 bear market and venture funds’ desire to deploy previously stagnant cash.This funding model allows early investors to later benefit from a rapid increase in the startup’s value due to…