Ethereum’s Taker Buy Sell Ratio is attempting to breach the center line in an uptrend. However, bearish sentiment continues to grow. Ethereum (ETH) The Taker Buy Sell Ratio is poised to cross the center line, indicating an increase in bullish sentiment due to recent market issues. CryptoQuant showed it Taker Buy Sell Ratio is an indicator that measures the ratio between buy and sell volumes in the asset futures market. A value greater than 1 means that the buying volume is greater than the selling volume, and a value less than 1 means that the selling volume is greater than…
Author: Crypto Flexs
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He is the co-founder and CEO of Real Vision. Raoul Pal He expressed optimism about the future of cryptocurrencies in the financial sector. A prominent financial expert predicted what the cryptocurrency industry will experience. Mass adoption rateIt even surpasses the Internet. Experts discuss global cryptocurrency adoption. Appeared on Bankless YouTube channel Pal’s recent podcast shine a light Let’s take a look at the speed at which cryptocurrencies are being adopted globally. He took a closer look at previous comments he made on X (an earlier Twitter post from April 2). declare Cryptocurrency adoption is growing twice as fast as the…
Usual Labs, a startup building a USD0 stablecoin ecosystem, has raised $7 million in funding.Usual Labs’ backers include co-leaders IOSG and Kraken Ventures, as well as GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.The $7 million constitutes Usual Labs’ total funding to date. The company’s board of directors will not change following the round, as Usual Labs hopes to achieve complete independence and decentralization, a company spokesperson told The Block.“Usual, like Ethena, is poised to become the Tether Killer, aiming for rapid success and growth, but with an infinitely scalable and…
Ethereum re-staking protocol EigenLayer saw approximately $157 million in ETH staked by Lido inflow over the past 24 hours, marking the highest inflow of digital assets on the platform since February. In particular, this significant influx into EigenLayer occurs during: Lido’s share of the Ethereum staking market fell below 30% due to leaks to the re-staking protocol. Removing the LST cap On April 16, EigenLayer announced that it was removing limits on all ETH Liquid Staking Tokens (LST) and non-suspended re-staking deposits. Removing LST limits marks a pivotal step for the EigenLayer ecosystem as EigenLayer works to foster an open…
April 17, 2024, London, UK, Chainwire Roobet, a pioneering entertainment brand and one of the world’s fastest growing cryptocurrency casinos, today launched a new game in collaboration with Chief Ganjaroo Officer and entertainment legend Snoop Dogg. The game, ‘Snoop’s High Rollers’, available exclusively on Roobet, is the latest product in a groundbreaking partnership between Snoop Dogg and Roobet that continues to push the boundaries of digital entertainment. Snoop’s High Rollers is the second game to come out of an exclusive partnership, this time with Gaming Corps, bringing the world’s leading expertise in innovative gameplay and development. Snoop said: ‘Snoopyization continues.…
Crypto.com’s venture arm has scaled back investment activity as the sustainability of the sector’s appreciation in value has become less clear. Crypto.com Capital, which had $500 million invested in startups in the sector as of January 2022, has reduced its investment activity over the past 18 months, according to a Bloomberg report. Analysts at Dealroom noted that crypto.com investments have declined compared to previous years, saying the company has closed just four deals since the beginning of 2023. This was significantly more than the 35 transactions in the two years prior to that period. Crypto.com CEO Kris Marszalek acknowledged the…
In the tumultuous world of cryptocurrencies, where prices can soar to unprecedented heights one day and plummet to new lows the next, XRP, the digital asset associated with Ripple, is once again the center of attention. Despite the recent decline in value, XRP enthusiasts remain steadfast in their optimism, fueled by the unwavering confidence of cryptocurrency analyst Javon Marks. Analyst’s Bold Predictions Marks, who is known for his bullish outlook on XRP, boldly predicted that the price of This bold prediction comes in the face of recent challenges for XRP, including a notable decline in value and ongoing market turmoil.…
Central Bank of Israel official Andrew Abir sees the introduction of the digital shekel as a catalyst for technological advancements that will boost competition in the banking sector. He acknowledged ongoing efforts to increase competition in the Israeli banking industry and said there was still a long way to go. Abir notes that public sentiment toward commercial banks in Israel is not always favorable, and that some of the dissatisfaction stems from the need to improve competition in certain segments of the industry. The digital shekel, currently in the planning stages, is designed to include…
In its latest unaudited financial disclosure, Animoca Brands said it has $558 million in digital assets on its balance sheet.The prolific web3 investor also said he has $291 million in cash and stablecoins. According to its website, Animoca Brands has invested in various blockchain companies such as Kraken, MetaMask, and Ledger.“Having continued to build and scale through the challenging cryptocurrency markets in 2023, the company is now well-positioned to capitalize on the market rebound that has been evident over the past few months,” Animoca Brands said in a statement.The company also said the financials it released Wednesday “exclude the value…
Part I Sometimes Ethereum is compared to a singleton Virtual Machine. While this is correct in some sense; I think it is a bit more. First of all what is a singleton in a distributed system? It is merely a set of values that some threshold of participants have come to consensus on. A Virtual Machine is a computational environment that is isolated from the physical computer and from other environments. A hypervisor allows the physical machine to be multiplexed into many VMs. According to this definition a common hypervisor is the web browser where webpages are VMs. Another example…