Ethereum price began a recovery in the $2,820 area. ETH is on the rise and is currently facing a major hurdle near the 100-hour simple moving average. Ethereum found support at $2,820 and began a recovery. 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 $3,000. Failure to break the $3,050 resistance level could start a new downtrend for the currency pair. Ethereum Price Faces Major Hurdle The price of Ethereum, like Bitcoin, extended losses below…
Author: Crypto Flexs
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In response to community concerns and feedback, EigenLayer, a prominent Ethereum re-staking protocol, recently announced an expansion of its initial EIGEN token airdrop. More than 280,000 eligible wallets will receive an additional 28 million EIGEN tokens from the protocol. The purpose of this action is to redress user complaints about the initial allocation formula and demonstrate the Foundation’s commitment to community input. Airdrop Details Applicants in Season 1 will be awarded a minimum of 110 EIGEN tokens, consisting of the standard 10 EIGEN and an additional 100 EIGEN. Season 2 applicants who participated in staking…
Edward Snowden has urged blockchain developers to strengthen privacy protections in Bitcoin after the cryptocurrency mixing service was shut down due to pressure from the United States. Former National Security Agency (NSA) contractor Edward Snowden recently urged blockchain developers to prioritize implementing Bitcoin’s privacy measures at the protocol level following the shutdown of a mixing service in the United States. in X post On May 3, Snowden noted that he had been warning Bitcoin developers “for a decade that privacy must be provided at the protocol level,” in response to ZkSNACKs announcing the closure of Coinjoin. “The clock is ticking,”…
Posted 1 minute ago In ~ Episode 24 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Mike Cagney, co-founders and CEOs of Figure Markets.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, google podcast, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Mike Cagney is the co-founder and CEO of Figure Markets.In this episode, Cagney discusses the need for a ‘market for everything’, the possibility of stock trading on the blockchain, and more.outline 00:00 introduction 07:21 ‘Everything’ platform 12:16 On-chain stock trading 17:50 Cryptocurrency…
The closely watched cryptocurrency analyst and trader is expressing bullish sentiments about the top 10 altcoins by market capitalization. The analyst, who goes by the pseudonym DonAlt, tells the 59,100 subscribers of the TechnicalRoundup YouTube channel that the price action of BNB, the native token of the BNB chain, currently suggests huge upside potential. “I like BNB… I like BNB charts. This is BNB/USD (chart) and it is basically begging for a breakout. I think the dip on this is just buying.” BNB is trading at $561 at the time of this writing. A decline of around 20% from current…
Community lawyers supporting XRP in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have offered a pessimistic outlook on Ripple’s recent court order. Jeremy Hogan, a lawyer known for being an active supporter of Ripple in the cryptocurrency community, said via X (formerly Twitter) that he expects Ripple to suffer losses in the latest legal action. Ripple Will Lose This Time: Pro-XRP Lawyers Argue Hogan shares his thoughts on X (formerly Twitter) Advert, “The hardest thing for CT is to tell the SEC that they think they will win the case. But here…
Bitcoin (BTC) and Ethereum (ETH) options contracts worth a total of $2.4 billion are scheduled to expire on May 3, which could increase market volatility.Bitcoin options contracts are derivative contracts that allow investors to speculate on Bitcoin price movements without owning the Bitcoin itself. There are two types of options: call options and put options. A call option gives investors the right to purchase a cryptocurrency at a specific price before a specific date. Put options, on the other hand, allow investors to sell a cryptocurrency at a specific price before the expiration date.Investors often use the put/call ratio as…
Hi everyone – Vlad here. I’ve been working on the analysis and specification of “proof-of-stake” blockchain architecture since September 2014. While Vitalik and I haven’t agreed on all of the details of the spec, we do have consensus on many properties of the proof-of-stake protocol that will likely be implemented for the Serenity release! It is called Casper “the friendly ghost” because it is an adaptation of some of the principles of the GHOST (Greedy Heaviest-Observed Sub-Tree) protocol for proof-of-work consensus to proof-of-stake. This blog post (my first one!) shares properties that are likely to be true of Casper’s implementation…
Bitcoin price found support near $56,350. BTC is recovering higher, but bears may remain active near the $60,000 resistance zone. Bitcoin is attempting a recovery from the $56,350 support zone. The price is trading below $60,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $57,800. The pair may have difficulty breaking the resistance levels of $60,000 and $60,500. Bitcoin price faces resistance Bitcoin price extended losses below the $60,000 level and entered near-term bearish territory. BTC also traded below…
London, UK, May 2, 2024, Chainwire Bitbot, an AI-powered Telegram trading bot, has surpassed $3 million in pre-sales after announcing an updated product offering. Bitbot now includes an AI development layer in its blockchain analysis tool, Gem Scanner. The project has entered phase 12 of a 15-short presale by the end of this quarter, at which point BITBOT tokens will be launched on the public market. The Bitbot community currently numbers over 140,000 people. X 110,000+ followers Our Telegram channel is close to 30k. The Bitbot team hopes to convert a significant portion of these into paying customers when the…