BNB price is attempting a new rise in the $515 range. A break out of the $572 resistance area could allow the price to gain bullish momentum. BNB price started a new rise after finding support near $515. The price is currently trading below $555 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, a breakout occurred above the main bearish trend line with resistance at $540 (data source from Binance). A break above the $572 resistance zone could provide bullish momentum. BNB Price Faces Hurdles After being downgraded below $550, BNB price found…
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Growing institutional interest in blockchain tokenizationThe market for tokenized financial assets on public blockchains is expected to grow dramatically, potentially reaching a value of $16 trillion, according to Markus Infanger, senior vice president at RippleX. This forecast highlights a significant shift in the traditional finance (TradFi) sector, where companies are increasingly adopting blockchain technology to tokenize financial assets, which could far surpass the current cryptocurrency market capitalization.Change in blockchain utilization paradigmDuring Paris Blockchain Week, Infanger discussed the evolving landscape of blockchain technology beyond the initial hype, touching on its real-world usefulness in solving a variety of value chain challenges. TradFi’s…
People • April 19, 2024, 3:40 a.m. EDT Posted 1 minute ago In ~ Binance co-founder Yi He said the cryptocurrency exchange’s former CEO Changpeng Zhao was in a “positive situation” as he awaits sentencing scheduled for April 30 in the United States.Zhao’s current presence in the U.S. is “generally peaceful and past regulatory pressures have been anticipated internally,” he said at a Binance China community gathering in Dubai, according to Binance News, a community content aggregator for cryptocurrency exchanges. “She believes that the current situation is the most optimal outcome given the circumstances,” the report said.His comments come after…
The price of XRP has continued to fall over the past few weeks as traders are liquidated. New users lost interest in XRP and overall sentiment towards the token declined. The broader cryptocurrency sector has witnessed massive declines over the past few weeks. XRP was no exception, with the altcoin losing a significant portion of its valuation during the aforementioned period. XRP continues to be red. But this continued price decline is part of a larger trend that started on March 13th. After testing the $0.7440 level, the price of XRP showed multiple lower lows and lower highs, establishing a…
It is very common to see transactions paying extremely high commission rates, often 10x, 100x or more than reasonably high priority commission rates. Who performs these transactions, and why do they overbid to get into the block?
Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated significant revenue worth up to $369 million during this period. This unexpected profitability has raised questions about how blockchains like Ethereum can be profitable. Ethereum Profit Potential As noted in a recent analysis by on-chain data platform Token Termina, collecting transaction fees is an important aspect of the Ethereum business model. All network users must pay fees in ETH when interacting with applications on the blockchain, which is an important…
As the cryptocurrency market faces a downturn, Ripple’s XRP price shows steady growth, while Polygon’s NFT segment shows resilience. Nevertheless it is BlockDAG It’s gaining traction as it quickly ramps up its 9th pre-sale batch at $0.005 per coin and prepares for a 20% price increase to $0.006 in the upcoming 10th batch. This progress represents a 500% growth over the initial batch and positions BlockDAG as a top contender in the cryptocurrency race, with plans to secure a top 10 ranking and secure a landmark $600 million fundraising goal. Expectations of a 30,000x return on investment (ROI) are generating…
BNB price is attempting a new rise in the $515 range. A break out of the $572 resistance area could allow the price to gain bullish momentum. BNB price started a new rise after finding support near $515. The price is currently trading below $555 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, a breakout occurred above the main bearish trend line with resistance at $540 (data source from Binance). A break above the $572 resistance zone could provide bullish momentum. BNB Price Faces Hurdles After being downgraded below $550, BNB price found…
The world’s largest stablecoin developer by market capitalization has formed four divisions to reflect its expanding focus. Tether will form four new divisions: The company’s USDT stablecoin is managed by a group called “Tether Finance”, while another division called “Tether Power” manages the company’s investments in Bitcoin mining. The third division, ‘Tether Data’, will oversee strategic investments in technologies, including artificial intelligence (AI). Finally, a division called “Tether Edu” will include various educational initiatives. “Tether’s expansion beyond the well-established USDT stablecoin marks a paradigm shift in our approach to financial empowerment,” the company said in a blog post Thursday. “Tether…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin continues its choppy trend even as the market approaches its halving event. Ideally, the BTC price will trend upward before the halving date. However, the price fluctuated primarily between the $64,000 and $62,000 range during various days of the week. Investors typically expect a trend reversal after the halving. However, the likelihood of a reversal depends on the inflow of funds into the cryptocurrency market. In the meantime, the fund is switching to altcoins as several altcoins gradually record trend reversals. Next Cryptocurrency to Explode…