Toncoin (TON) price is falling due to correction fears and is expected to begin a recovery soon. This is possible if TON holders make the most of this opportunity and try to add more TON to their wallets. Toncoin Could Witness Recovery Toncoin price was expected to rebound last week, but the price changed rapidly as it left the downward channel. TON fell but held around $5.2 and $5.4, which represents resistance levels. This is likely to be changed by the investor if he or she decides to add more TON to his or her holdings. Altcoins are heating up…
Author: Crypto Flexs
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With Ethereum (ETH) showing “serious strength” on the charts, a widely respected cryptocurrency strategist says the leading smart contract platform is likely to see a big rally. Bluntz, a household name analyst and trader, tells his 257,000 followers on social media platform “ETH and even ETH/BTC are showing some serious bullish momentum today.” source: Blunts/X Bluntz is known as a practitioner of Elliot wave theory, an approach to technical analysis that says corrections often occur in three parts, or “ABC” waves. According to his chart, Bluntz is suggesting that Ethereum completed a three-wave correction when it reached $2,800 and is…
A spot cryptocurrency exchange-traded fund launched on the Hong Kong stock market has opened the door for a future wave of Chinese investors, according to industry experts. The launch of spot Bitcoin and Ethereum ETFs on Tuesday “opens the door for many yuan holders” seeking alternative investments, China Asset Management CEO Yimei Li said in an interview with Bloomberg TV. .China Asset Management is one of three ETF issuers, including Harvest Global Investments and Bosera Asset Management, that launched cryptocurrency products on the Hong Kong Stock Exchange on April 30. Mr. Li told Bloomberg TV that he hoped there would…
Share this article Hong Kong-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) are set to debut in the coming minutes. Anticipating the launch, Zhu Haokang, director of digital asset management and family wealth at China Asset Management, expressed confidence that the launch scale of Hong Kong’s virtual asset spot ETF will exceed the initial size of $125 million in the United States. .“We are confident that the initial listing size (more than $125 million) of the Hong Kong virtual asset spot ETF can exceed the US first-day issuance size,” Haokang said at a press briefing.Haokang confirmed that mainland Chinese investors…
Newly released court filings have shed light on the belief of the U.S. Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, that Ethereum (ETH) is an “unregistered security” under what the majority considers the Howey Test. Cryptocurrency advocates say this would be an outdated legal framework for regulating crypto assets. According to a recent Fox Business report: reportThe details emerged after Ethereum software company ConsenSys filed an unredacted complaint with the SEC. Is Ethereum an ‘unregistered security’? According to court filings, SEC Chairman Gensler and the agency appear to have maintained for at least a year the belief…
Bitcoin price found support at $61,800 and recovered to higher levels. BTC surged to $64,500 and is currently consolidating gains above $63,500. Bitcoin began another rally after finding support near $61,800. The price is trading above $63,500 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 $63,250. To continue rising in the near term, the pair needs to stay above the $63,200 support zone. Bitcoin price is holding steady Bitcoin price began another decline below the $63,500 pivot level. BTC…
The concept of modular blockchain is becoming a new narrative for network scalability and blockchain infrastructure. The next evolution of blockchain allows for a principled separation of concerns design for throughput scaling. This can be done while ensuring that the network is trustless and decentralized. Modular blockchains can break the link between computational and verification costs. Earlier this month, Volt Capital conducted an in-depth analysis of modular blockchains. An in-depth analysis of these is beyond the scope of this article, so let’s cover the basics. 1/ Blockchain modularity: Early days, but in-depth analysis of mental models, current architecture, market environment,…
April 29, 2024, London, UK, Chainwire An interesting new meme coin, $ROCKY, recently debuted on the Base network. Skel.eth, the founder of MetaWin, launched its coin last weekend. Interestingly, the coin was named after his Pomeranian dog named ROCKY. In just 30 hours after launch, $ROCKY achieved an impressive market cap of $4.6 million, and the MetaWin team is optimistic about further growth thanks to the enthusiastic support of the MetaWin community. “It started as an experiment ahead of the $MWIN token sale.” Skel.eth, founder of MetaWin and the creative force behind $ROCKY, said: “It’s going pretty well so far!…
The presence of MEV bots on the Solana network has increased significantly. While interest in NFTs has decreased, overall sentiment has decreased. There has been a surge in activity on the Solana (SOL) network over the past few months. This surge in activity can be partially attributed to the overall interest in memecoin on the network. MEV bot takes over However, much of this activity was driven by MEV bots. Solana has surpassed Ethereum in MEV going to validators over the past two weeks, according to new data. MEV bots are software programs that scan the blockchain for profitable opportunities…
April 29 Tether (USDt) available for TON deposits and withdrawals on Bitfinex Posting time: 13:50h From media materials by admin Road Town, British Virgin Islands – April 29, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today that customers can now deposit and withdraw Tether tokens (USDt) on Bitfinex’s Open Network (TON). This means that you no longer need to rely on external third-party wallets to use USDt in TON, you can simply use your Bitfinex account. In 2018, Telegram unveiled TON (Open Network), a decentralized network for the existing Internet using blockchain technology. TON not only…