One closely watched analyst is predicting a major breakout in Ethereum (ETH) rival Solana (SOL) is imminent. pseudonym analyst Bluntz says 256,800 followers on social media platform “I think SOL is staging a violent breakout here.” Source: Bluntz/X Traders also use the Elliott Wave theory, which states that bullish assets often see a new uptrend after a three-part ABC correction. Looking at his chart, the trader suggests that SOL completed the ABC correction after retesting the $120 level. Solana is trading at $159 at the time of this writing, up more than 3% in the last 24 hours. Next is…
Author: Crypto Flexs
Read More
Bitcoin Core 27.0, which natively supports v2 transfers (BIP324), was released a few days ago. I’m already seeing a few colleagues using the /Satoshi:27.0.0/ user agent and all of them have the P2P_V2 service flag set. However, one of the peers (inbound) connects over a v1 connection. Is this evidence of network tampering (failed v2 connection being retried as v1), or could there be another reason?
Share this article Despite widespread warnings from analysts predicting a slump after the halving, Geoff Kendrick, head of digital asset research at Standard Chartered, remains optimistic, saying Bitcoin could reach $150,000 by the end of the year and $200,000 by the end of 2025. We’re lowering it to double.Before the U.S. Securities and Exchange Commission approved several spot Bitcoin ETFs, Standard Chartered boldly predicted that the price of Bitcoin would surge fourfold by the end of the year. Kendrick reaffirmed this optimistic prediction in a recent interview with Bloomberg BNN.Explaining the reason for the notable rise, the analyst pointed to…
Bitcoin price has been choppy for about a month, in line with the fourth halving and past consolidation period.
Many of you know that the Ethereum platform grew out of the realization that blockchains can go far beyond currency, together with a frustration with the limitations of previous projects. The core idea was simple: a blockchain with a built-in Turing-complete programming language, allowing users to build any kind of applications on top. Over time, the vision evolved and expanded. The blockchain remains a crucial centerpiece, but it is ultimately only part of a larger vision of “web 3.0” as described by Gavin Wood here: a more secure, trustworthy and globally accessible internet for agreements, finance, auditing, tracking and simple…
Strategic transition to enhance financial stability and transparencyBinance, the world’s largest cryptocurrency exchange, has fully converted its Secured Asset Fund for Users (SAFU) to Circle’s USD Coin (USDC), which now accounts for 3% of the stablecoin’s total circulating supply. The move, announced on April 18, reflects Binance’s commitment to leveraging “trusted, audited, and transparent stablecoins” for its multibillion-dollar emergency fund.Today all SAFU assets are converted to: $USDC$1 billion to strengthen reliability and stability.Learn more 👇 https://t.co/Dggl3CdQYU— Binance (@binance) April 18, 2024 Source: BinancePurpose of SAFUFounded in 2018, SAFU serves as an emergency insurance fund designed to protect Binance users in…
bitcoin BTC +1.04% According to Glassnode analysts, the fourth halving event may have caused the digital asset to decisively surpass gold in terms of issuance shortfall.”The fourth halving marks an important milestone for Bitcoin versus gold. For the first time in history, Bitcoin’s stable issuance rate (0.83%) is lower than that of gold (about 2.3%), marking a historic milestone,” Glassnode analysts said. “It is our most scarce asset,” he said.Last Saturday’s halving event saw block subsidies reduced from 6.25 BTC to 3.125 BTC per block, or about 450 bitcoins minted per day, the report said.This observation was also pointed out…
Digital asset investment products recorded an outflow of $206 million last week. Bitcoin led outflows of $192 million amid Fed interest rate concerns. Last week, the outflow of digital asset investment products more than doubled, recording a second consecutive decline. According to CoinShares: reportThe outflow totaled $206 million. Bitcoin (BTC) The outflow was the largest at $192 million, followed by $192 million. Ethereum (ETH) 32 million dollars. Bitcoin leads outflows Compared to the previous week ($106 million), last week’s outflows were twice as high, highlighting investors’ risk-averse approach. Bearish sentiment dominated in the US, with US exchange-traded funds (ETFs) recording…
join us telegram A channel to stay up to date on breaking news coverage Tether announced strict measures in response to reports that Venezuela’s state-owned oil company PDVSA had adopted cryptocurrencies such as USDT to manage its oil and fuel exports. The company, which issues the stablecoin USDT, announced its intention to freeze transactions involving entities sanctioned by the Office of Foreign Assets Control (OFAC). This decision highlights Tether’s commitment to adhering to regulatory standards and enforcing sanctions compliance. Compliance Management: Tether’s Response to Venezuela’s Cryptocurrency Use in Oil Trading A Tether spokesperson emphasized its commitment to the OFAC SDN…
World’s first DePIN global carrier service – Chainwire housenewsroomThe world’s first DePIN global carrier service 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 storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by…