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Author: Crypto Flexs
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Bitcoin price is consolidating above the $70,000 resistance zone. BTC may remain in the range for some time before the bulls move towards $75,000. Bitcoin price is struggling to break above the $71,500 resistance zone. The price is trading above $70,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term ascending channel with support at $70,750. A break above the $71,500 resistance could soon start a new rally. Bitcoin price remains range-bound. Bitcoin price formed a base above the $69,000 resistance zone. BTC crossed the $70,000 resistance area and…
join us telegram A channel to stay up to date on breaking news coverage Custodia Bank, a digital asset bank, had difficulty finding a Federal Reserve master account. A U.S. district court in Wyoming ruled against the bank’s bid, denying it access to the Federal Reserve’s payments system. The decision, announced by Judge Scott Skavdahl on March 29, has prompted Custodia to reconsider its strategy, with a spokesperson saying, “We are reviewing all options, including the court’s decision and appeal.” Judge denies Custodia’s master account request. The importance of the Federal Reserve Master Account to a financial institution like Custodia…
One analyst who has been making timely altcoin calls recently believes three cryptocurrency assets are almost ready for a bull run. Household analyst Bluntz told his 252,000 followers on social media platform X that he is bullish on Solana (SOL). Solana appears to have completed an ABC correction wave for Bitcoin (SOL/BTC) on the 8-hours chart, according to a top cryptocurrency strategist. “SOL is ready for another run IMO (I think). SOL/BTC now looks like a nice ABC. (a) swept the wave to its lowest point and has now recovered.” source: Blunts/X Bluntz practices the Elliott Wave theory, which states…
March 26 What is Samourai’s Decentralized Whirlpool? detailed observation Post time: 20:46h education by admin Samourai Wallet’s first implementation of decentralized Whirlpool using the ZeroLink CoinJoin protocol marks a significant step forward in the arms race to enhance the privacy of Bitcoin transactions. This update introduces a pivotal shift toward decentralization in communication between Whirlpool clients and Whirlpool Coordinators, now facilitated by Soroban, an app-agnostic Tor-based communication protocol. Scattered Vortex: Whack-a-Mole Play Has Begun Samourai’s announcement last week of its new decentralized Whirpool ZeroLink CoinJoin implementation marks a move away from reliance on a single hard-coded coordinator server and toward…
March 31st: Horizen The blockchain team deployed a new “proof verification chain” on testnet and claimed that the new product is “the latest component of our modular blockchain stack.” According to the blog post, “The network allows for the exchange of $ZEN (Horizen’s native token) and the validation of FFLONK proofs generated on Polygon zkEVM instances.” Key elements include the “Proof Submission Interface, a user-friendly interface that allows ZK Rollups to seamlessly submit evidence to the Horizen Network for verification” and the “Proof Mechanism, published on Ethereum to date and a protocol to verify the proof (provided) “is included. additional…
As investors scan the market for the next cryptocurrency breakthrough, one emerging powerhouse is taking center stage: BlockDAG. Amid the evolving digital currency landscape, BlockDAG’s pre-sale success combined with its groundbreaking technology is attracting interest from established players such as Immutable and Cronos. This article examines the unique features of BlockDAG and its presale. The pre-sale highlights the new journey that Immutable and Cronos are embarking on in the cryptocurrency space, which have raised more than $10.9 million in less than five placements and have been gaining momentum recently. Immutability (IMX): A surge of momentum Immutable is on track toward…
Ethereum co-founder Vitalik Buterin introduced a new way to strengthen the decentralization of Ethereum staking by penalizing validators for correlation failures.Decentralization incentives:Buterin’s proposal aims to encourage decentralized staking by imposing greater penalties on validators for correlated failures. If validators controlled by the same entity fail together, they will incur a higher penalty than if they failed independently.Basis for proposal:According to the theory, mistakes made by a single large actor are more likely to be replicated across all the “identities” they control. Validators within the same cluster, such as staking pools, are more likely to experience correlated errors due to shared…
Cardano received the most public votes for the Best L1 Network award. ADA has been one of the latecomers in the cryptocurrency market in recent weeks. Cardano (ADA) led the race to win the award for Best Layer 1 (L1) Network at the upcoming Blockchain Life Forum in Dubai. The smart contract network was on top with 2,015 votes in favor, AMBCrypto discovered through the event’s official voting portal. Interestingly, Cardano is well ahead of powerhouses like Ethereum (ETH) and Solana (SOL), which can manage 484 and 161 votes respectively at the time of writing. Public voting will continue for…
Need to retrieve all of Alice’s transactions stored in a block and calculate their balance? No one but Alice cares about her balance. This is because Bitcoin is cash, not a bank account. When you hand a store owner a $10 bill, they don’t want to know how much cash you have in your wallet, they just want to make sure the $10 is real. Bitcoin does not track balances per account holder. There are no accounts, people, or balances on the Bitcoin network or blockchain. Bitcoin works on the basis of tracking UTXOs (Unspent Transaction Outputs). UTXOs are roughly…