Ethereum’s revival amid cryptocurrency competitionEthereum, often seen as catching up to Solana and other altcoins, has recently made significant leaps, sparking discussion of a possible major market move. The 8.9% increase in the value of Ethereum over the past 24 hours has sparked optimism among traders and investors and marked a notable shift in the cryptocurrency landscape.Competition: Ethereum vs. SolanaThe competition between Ethereum and Solana has been particularly fierce in recent months. Ethereum has seen a respectable 102% year-to-date gain, according to TradingView data, but has been overshadowed by Solana’s astounding 951% gain over the same period.This performance difference, combined…
Author: Crypto Flexs
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Worldcoin recently announced the launch of its World ID authentication service in Singapore. This is an important milestone in the expansion of the company’s identity verification technology. Utilizing Orb, a custom hardware device, participants can now easily identify their unique humanity. This launch is particularly noteworthy as it comes after Worldcoin scaled back its operations in India. The introduction of World ID 2.0 and the open sourcing of Worldcoin’s iris recognition pipeline were instrumental in deploying World ID verification in Singapore. The World App used for these services has already reached 5 million users globally with over 30 million transactions.…
reporter Posted on: December 28, 2023 Coinbase’s Ethereum exchange reserves have been decreasing over the past five days. According to CryptoQuant analysts, this usually leads to an increase in the price of the coin. CryptoQuant analyst Crypto Sunmoon noted that Coinbase’s Ethereum (ETH) exchange reserves have decreased over the past five days. report. This decline in holdings could potentially mean users are looking to pull their ETH off exchanges or move their ETH elsewhere due to the coin’s recent price consolidation amid a surge in profit-taking activity. Some users may also transfer ETH from Coinbase to other wallets or platforms…
Cryptocurrency analyst LuckSide weighed in on the price movement of cryptocurrencies. Cardano (ADA)Provides analysis of short-term price performance of crypto assets. Cardano (ADA) is poised for a bullish or bearish trajectory. Cryptocurrency analysts recently shared In one of his YouTube videos, he made a prediction about Cardano (ADA) along with the cryptocurrency community. In his YouTube video “CARDANO ADA – MOMENT OF TRUTH!,” LuckSide argued that the ADA is at a critical crossroads. Analysts have released technical forecasts indicating: ADA A major price change is ahead. According to him, this will be a bullish or bearish trajectory for the near…
Investors are once again turning their attention to meme coins to find the next major breakout star for 2024. Sponge (SPONGE) and Gorilla (GORILLA) are soaring as Sponge prepares to launch V2. Meanwhile, BONK, once a popular choice, has fallen more than 60% over the past 13 days. Sponge V2 aims to build meme coin momentum. SPONGE will evolve to its next version with the upcoming Sponge V2 (SPONGEV2). Building on the success of the original SPONGE token, which soared from a market capitalization of $1 million to over $100 million earlier this year, the upgraded version aims to take…
In the last post, we described Devconnect as a week-long gathering featuring independent Ethereum events. These meetups aim to bring the Ethereum community together in small groups to talk, learn, and make serious progress on specific topics. Learn more devconnect.org Devconnect Date Announced Save the date: Devconnect will take place in Amsterdam from April 18 to 25, 2022.. We are closely monitoring the evolving COVID-19 measures in Amsterdam, but things are moving in the right direction and are being sorted out quickly. With this we wanted to share more about what you can find in Amsterdam. By everyone (and for…
One analyst explained how Polygon began to break away from its symmetrical triangle pattern. If a breakout is confirmed, a rally to this level may occur. Polygon weekly price is on the verge of breaking a symmetrical triangle. new post At X, analyst Ali talked about the pattern that is forming in the weekly price of MATIC. The pattern in question is called a “symmetrical triangle.” As the name suggests, this technical pattern looks like a triangle. This formation has two main trend lines. The top is made by connecting a series of tops, and the bottom is made by…
Posted 1 minute ago In ~ zkSync, a layer 2 scaling solution for Ethereum, has recorded more transactions than the Ethereum mainnet in a month, processing 34.7 million transactions in the last 30 days.According to L2Beat data, a total of 34.2 million transactions were recorded on the Ethereum mainnet during the same period. Next was Arbitrum with 31.4 million transactions in the last 30 days.The recent increase in zkSync trading volume is due to the spread of Inscription, a feature originally created in Bitcoin, to the EVM network, including most layer 2 chains.L2Beat’s data highlights that zkSync experienced its largest…
Newly launched Bitcoin token platform BRC20.com has raised $1.5 million in funding led by UTXO Management, the asset management arm of BTC Inc., the parent company of Bitcoin Magazine. The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble, and New Tribe Capital. The investment comes at a time of growing interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin via the Ordinals protocol. “Today’s news marks BRC20 as it announces some of the most active and…
Chinese authorities recently dismantled a massive $2.2 billion underground banking network that was cleverly using foreign digital currency platforms to circumvent China’s strict financial controls. This operation was revealed after a detailed investigation by the Chinese Foreign Exchange Police. It is an underground financial system that operates by purchasing cryptocurrency and then selling it through an overseas trading platform to obtain the necessary foreign currency. This process effectively circumvented China’s strict foreign exchange regulations. Xu Xiao, an investigator at the Qingdao Branch of the State Administration of Foreign Exchange, emphasized that the process mainly involved illegal foreign exchange transactions, mainly…