Investors should prepare for a plunge to $33. The 78.6% Fibonacci level is likely to halt the current short-term downtrend. Avalanche (AVAX) price has fallen once again, with Bitcoin (BTC) and the rest of the cryptocurrency markets witnessing heavy selling activity over the past four days. During this period, market dynamics changed. Traders and investors can embrace a new narrative. Alternatively, utilizing technical analysis and finding narratives can also lead to consistent profits. So what are the pitfalls that AVAX bulls need to watch out for? One of the breaker blocks is already broken. Source: AVAX/USDT on TradingView Based on…
Author: Crypto Flexs
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Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to acknowledge several mistakes in its enforcement actions against the cryptocurrency industry. He cited court rulings that criticized the SEC for “gross abuse of power,” “lack of faithful loyalty to the law,” and “arbitrary and capricious.” Ripple’s legal officer (…)
Solana Meme Project Donk.Meme Raises 1000 SOL in 10 Days – Chainwire housenewsroomSolana Meme Project Donk.Meme raises 1000 SOL in 10 days We use cookies to make your experience on Chainwire’s website better. 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 a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is…
Banking giant VanEck has put the value of its Ethereum layer-2 (L2) solution at a bold valuation of $1 trillion. predictionWe emphasize that improved efficiency and scalability play an important role in the development of blockchain technology. Ethereum Layer 2 is expected to see a significant increase in valuation. According to VanEck researchers, Ethereum Layer 2 Expanding networks are expected to soar to the aforementioned market value by 2030. Patrick Bush, VanEck’s senior investment analyst, and Matthew Sigel, head of digital research, led the comprehensive forecast. Specifically, bold predictions were made as we evaluated Ethereum Layer 2 in five important…
Hollywood’s top talent agency is teaming up with AI company Loti in a groundbreaking effort to protect celebrities from the dangers of deepfakes. At a time when technology and entertainment intersect more than ever, there is growing concern in the Hollywood community about the rise of deepfakes. Deepfakes, which involve sophisticated digital manipulation of audio and video, have the potential to harm reputations, spread misinformation, and infringe intellectual property rights. To solve this problem, prominent Hollywood talent agencies are now partnering with Seattle-based AI company Loti to develop advanced solutions to protect celebrities’ interests and images. The Deepfake Phenomenon: A…
Cryptocurrency markets continue to feel the tremors of the brutal April Fools’ Day price crash, with XRP taking a major hit. According to Coinglass data, a whopping $6 million worth of XRP contracts were liquidated in the last 24 hours. This liquidation frenzy may be due to the sharp price decline of XRP on April 1st. The new month started with XRP trading around $0.61. However, the domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the market, sending XRP down along with other major cryptocurrencies. A closer look at the liquidation data reveals a clear trend. A…
DeFi • April 4, 2024, 4:08 PM EDT Posted 1 minute ago In ~ Updated: April 4, 2024, 4:15 PM EDT Ethena Labs has added Bitcoin as a supported asset for the USDe synthetic dollar as traders embrace the resurgence of the world’s oldest digital asset.Decentralized Finance (DeFi) Protocol said In a series of posts about The move comes as the Bitcoin derivatives market outperforms the market for its Ether-based equivalents.“As Ethena approaches $10 billion in scale, this provides stronger support and ultimately a more secure product for users,” the protocol said Thursday. He added that the current supply of…
Crypto.com and Adelaide Oval have merged to enable first cryptocurrency payments at an Australian stadium. Users can pay with cryptocurrency through Crypto.com Pay and receive AUD$10 cashback on their first 1,000 transactions. The partnership also includes payment terminal provider DataMesh. Crypto.com has announced a major partnership with Adelaide Oval, one of Australia’s premier sporting venues. Crypto.com and Adelaide Oval have merged to offer the first cryptocurrency payments at a major Australian stadium, according to details in today’s press release. The Oval is the home ground of Australian rules football club, the Adelaide Crows. Sports fans can pay via Crypto.com Pay…
April 4th What is TOKEN? Post time: 13:38h by token by admin TokenFi is emerging as a pioneering all-in-one tokenization platform that aims to simplify asset creation and tokenization for a broad audience. With a user-friendly What You See Is What You Get (WYSIWYG) interface, TokenFi democratizes access to token creation, allowing users with no coding experience to create tokens in minutes. This innovative approach addresses a critical barrier in the cryptocurrency space by providing a streamlined process for launching cryptocurrency tokens and tokenizing real-world assets (RWAs), enabling the fast-growing tokenization market expected to reach $16 trillion by 2030. Enter…
Bitcoin (BTC) surged 5% on April 4, briefly exceeding $69,400, despite the plunge in the U.S. stock market, demonstrating its growing status as a safe haven asset. As of press time, the flagship cryptocurrency is trading between $67,500, having given up more than half of its gains after the dollar index recovered from its decline on the day. Total liquidation volume in the last 24 hours was $199.2 million, with buy transactions accounting for more than half at $109.4 million. Meanwhile, Bitcoin-related clearing amounted to $67.3 million, and short selling reached $41.8 million. Most altcoins have failed to mirror Bitcoin’s…