Bitcoin price started a major rise above $42,000. BTC is now consolidating gains and could rise further towards the $45,000 area. Bitcoin rose above the $42,200 and $43,200 levels. The price is trading above $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows two bullish trend lines forming with support near $43,900 and $42,000. The pair is likely ready for a new increase above the $44,000 level. Bitcoin price remains supported Bitcoin price began to rise significantly above the $42,000 resistance zone. BTC surged and even broke the $43,200 resistance…
Author: Crypto Flexs
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Hello cryptocurrency adventurers, this is John again. “Exploring new frontiers: My journey with Immutable” and “The Future of Cryptocurrency Gaming: Trader Insights on Market Dynamics and Investment Strategies,” I know I’m deeply invested in the intersection of gaming and blockchain. This December I will be focusing on three projects that are redefining this space: Superverse, Shrapnel, and Virtua. Let’s find out why this is not just a game, but a revolution in creation. Why games and blockchain? We are at the intersection of two great worlds: gaming, an industry that values immersive experiences and community, and blockchain, a technology that…
Posted 1 minute ago In ~ A U.S. district judge accepted former Binance CEO Changpeng Zhao’s guilty plea to charges related to anti-money laundering violations. Judge Richard Jones accepted Zhao’s guilty plea Wednesday, according to a court filing in the U.S. District Court for the Western District of Washington in Seattle. Zhao, also known as CZ, pleaded guilty last month to anti-money laundering and sanctions violations following a years-long investigation by federal regulators. Binance agreed to pay $4.3 billion in one of the largest corporate settlements in history. Zhao agreed to pay a $50 million fine and stepped down from…
The Institute of Electrical and Electronics Engineers is advancing digital credentials in India by adopting Avalanche blockchain to issue secure and tamper-resistant certificates. As CoinTelegraph reported, this initiative, which partners with Zupple Labs to use the Avalanche blockchain, represents a pivotal step in digital credentials that aims to provide tamper-resistant and instantly verifiable certificates. “IEEE demonstrates a forward-looking approach to applying blockchain technology, leveraging Avalanche’s C-Chain primarily for compatibility with the Ethereum virtual machine. Endorsed by organizations such as SK Planet and JP Morgan Onyx, choosing Avalanche (AVAX) depends on its ability to ensure the immutability, longevity, and security of…
December 6, Mahe, Seychelles2023 / AlexaBlockchain/ – BitMEX, the market-leading cryptocurrency derivatives exchange, today announced a strategic partnership with PowerTrade, an innovative cryptocurrency options platform backed by industry leaders Ascend Ventures, Pantera Capital, Ledger Prime, and QCP Capital. The strategic partnership will explore ways to integrate new products into BitMEX’s comprehensive portfolio and strengthen the platform’s commitment to leading innovation and enhancing the trading experience for its users. Stephan Lutz, CEO of BitMEX, said: “Our strategic partnership with PowerTrade demonstrates our ambition to provide cryptocurrency traders with the most profitable opportunities on the safest and most trusted trading platform on…
Bitcoin is booming and so are network fees. As investors cheer Bitcoin’s recent surge above $44,000, its highest in 20 months, increased network congestion is sparking another fight over Ordinals projects like NFTs and BRC-20 tokens.Ordinaries are still in the storm over what should and should not be allowed on the Bitcoin blockchain. On Wednesday, Bitcoin Core developer and Ocean Mining CTO Luke Dashjr criticized Ordinals’ inscription and its impact on the Bitcoin network.“‘Inscriptions’ are exploiting a vulnerability in Bitcoin Core to spam the blockchain,” Dashjr wrote on Twitter, adding that Bitcoin Core allows users to limit the size of…
Tron’s profits have been on the rise over the past few months. The price of TRX rose slightly last week and market indicators remained weak. Tron (TRX) It comfortably holds the top spot on the blockchain’s list of daily active users. Blockchain has also reached new milestones that clearly reflect its high adoption rate and usage. But will these achievements help promote Tron’s overall health? Tron achieved its goal Tron has comfortably held the top spot in the list of cryptocurrencies by daily active users for several months. AMBCrypto found that TRX has 1.6 million daily active users. Just to…
The potential approval of a spot Bitcoin exchange-traded fund (ETF), the upcoming BTC mining rewards halving, and major regulatory and enforcement actions will have a profound psychological impact on market prices. This was a key takeaway from the Next Block Expo conference in Berlin, where Bitcoin surpassed $42,000 for the first time in more than a year. Animoca Brands CEO Robby Yung, gumi Cryptos Capital Managing Partner Miko Matsumura, Binance Regional Manager Jonas Jünger, and Polkastarter Head of Business Development João Leite weighed in on whether the current cryptocurrency bear market is coming to an end in a conversation with…
PEPE price, struggling to make significant upward progress, may face the challenge of reaching $0.0000020 in the coming weeks and exceeding this particular threshold. Predicting the long-term trajectory remains difficult. It would take a massive rise from current levels for PEPE to hit $1, a feat that would establish PEPE as the most profitable meme coin in history. Lacking a strong foundation and utility, meme tokens constantly face the looming threat of being overshadowed by newer, trendier tokens. Therefore, a slight rise to $0.0000020 in the near future seems reasonable, but a surge beyond this could be a huge hurdle…
Cathie Wood believes the SEC’s spot Bitcoin ETF decision could have a major impact on institutional adoption of cryptocurrencies. Wood sees this impending approval as a pivotal moment, suggesting that this approval could be the “final approval” for institutions considering investing in cryptocurrencies. ARK Invest, in collaboration with 21Shares, is awaiting a decision on its ARK 21Shares Bitcoin ETF (ARKB) proposal, a ruling expected on January 10th. The SEC’s previous approval of a Bitcoin futures ETF in October 2021 was seen as a cautious yet progressive step despite concerns about counterparty risk compared to cold storage spot products backed by…