One analyst expects the price of XRP to skyrocket, with a target price of $263 if a full-blown bullish breakout occurs. Increased whale activity and market support levels suggest that XRP may be breaking out of its seven-year consolidation. Cryptocurrency analyst Javon Marks recently said: Outlined The bullish outlook for XRP suggests that the altcoin could see a significant price surge if a breakout occurs. According to Marks, if XRP experiences a full logarithmic breakout from its current consolidation pattern, the token could reach its ambitious target of $263. In fact, this is an increase of over 42,000% from current…
Author: Crypto Flexs
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James Ding 14 Aug 2024 16:19 Telegram celebrates its 11th anniversary with new features like Star Reactions, Subscriptions, and Super Channels to enhance user experience and support content creators. Telegram is celebrating its 11th anniversary with a new set of features aimed at enhancing user interaction and supporting content creators. According to Telegram, the latest update includes Star Reactions, Star Subscriptions, and a new mode for Telegram Channels. Star reaction The new Star Reactions feature allows users to directly support their favorite channels and content creators by sending them Telegram Stars. Channel owners will…
According to new research, the energy required to run an AI system may already be greater than the amount of electricity used to mine Bitcoin. This may sound like good news for the Bitcoin mining industry, which has been consistently criticized for its power consumption, but there are concerns that AI is emerging as a fierce competitor to Bitcoin in the areas of electricity and equipment, according to a report from the Bitcoin Policy Institute. Thanks to the deep pockets of the industry, AI companies can afford to charge more for the same electricity than miners. With AI offering up…
A comprehensive look at the top 100 cryptocurrency hacking incidents shows that exploitation of on-chain vulnerabilities only accounts for a very small portion of all attacks.According to Mar Gimenez-Aguilar, chief security architect at Halborn Cybersecurity, more than 57.5% of the financial losses from the top 100 decentralized finance (DeFi) hacks were caused by off-chain attack vectors.A cybersecurity expert told Cointelegraph:“Compromised private keys accounted for 52.2% of all attacks in 2024 and 55.7% of the total value lost. In general, off-chain attack vectors accounted for 56.5% of attacks last year and 57.5% of the financial losses incurred.”The incident comes nearly a…
Decentralized finance (DeFi) refers to a financial ecosystem built on blockchain technology that allows users to access banking services such as lending and borrowing without traditional intermediaries such as banks.By leveraging smart contracts (self-executing contracts with terms written in code), DeFi platforms provide secure and transparent transactions directly between parties.Unlike centralized systems, DeFi increases control over individual assets and lowers costs due to reduced overhead. Popular DeFi applications include decentralized exchanges (DEXs) and yield farming protocols.As its popularity grows, understanding how these platforms operate has become critical for investors looking to confidently navigate this innovative space.If you are new to…
Pyth Network announced on Wednesday that it has partnered with The Open Network (TON). The partnership primarily involves Pyth’s oracle service, which allows users to request pricing data on-demand. Pyth is supported Games on the TON Blockchain Helps developers improve their in-game economies by providing accurate data feeds. Pyth’s oracle will provide real-time price data needed to enable fast transactions in DeFi services, helping the TON project expand its target audience globally.Pyth added that in addition to gaming and DeFi, he expects TON to help meet the needs of new Web3 users who expect the same level of responsiveness they…
Key Points Trump has chosen cryptocurrency advocate JD Vance as his running mate for the 2024 presidential election. Harris’ stance on cryptocurrencies remains unclear and is likely to be less favorable than Trump’s. Share this article A recent report from asset management firm CoinShares discusses the potential implications of the U.S. elections: While Donald Trump may present himself as a pro-crypto candidate, Kamala Harris may present a more balanced stance on the industry.Trump has chosen JD Vance, a former venture capitalist with a strong pro-crypto stance, as his running mate for the 2024 election. Vance, who holds between $100,000 and…
Wang Long Chai 14 Aug 2024 13:27 Binance announced that it will remove some spot trading pairs starting August 16, 2024 due to low liquidity and trading volume. Binance, one of the major cryptocurrency exchanges, has announced that it will remove several spot trading pairs starting August 16, 2024. According to Binance, this decision is a result of the company’s periodic review to maintain a high-quality trading environment. Reasons for delisting The exchange periodically reviews all listed spot trading pairs and reserves the right to delist pairs that lack liquidity and trading volume. The…
SHIB’s Lead Developer Criticizes Dogecoin’s Gaming Business The SHIB vs DOGE fight has escalated to a Shiba-related post on Binance’s X. Both top coins have posted double-digit gains since hitting their bear market bottoms. Dogecoin (DOGE) and Shiba Inu (SHIB) are gearing up to make their blockchain gaming debut. When Jordan, CEO of MyDoge Wallet, teased the upcoming Dogecoin RPG game, SHIB didn’t miss a single 4-second snapshot.SHIB vs DOGE match is gaining attentionShibarium’s lead developer Shytoshi Kusama slammed Jordan with the caption, “**laughing at Shiba Eternity**.” As the popular Shiba Inu card game makes its way from mobile devices…
Bitcoin (BTC) reached an all-time high of $73,881 by March 2024, delivering a 68% gain in Q1. Since then, it has struggled to break the $70,000 to $60,000 range. However, a new study suggests that BTC could deliver a 174% gain by the end of 2024.Bitcoin weekly chart. Source: Trading ViewBitcoin is currently showing bullish intent above $60,000 after the weekly chart showed a bullish morning star pattern. Over the past day, BTC is up 3.5%. Bitcoin Research Predicts High Goals Between 2025 and 2026Bitcoin researcher Smithon Weed shared a study on X.com where he analyzed previous Bitcoin bull cycle…