The price of RippleNet’s native token, XRP, is sparking speculation after prominent crypto analysts gave conflicting forecasts. Both predict a potential surge, but the conditions and reasoning behind their predictions are significantly different. XRP rally hinges on $0.75 hurdle, analyst says. CryptoInsightuk, a well-known analyst, believes that XRP will soon see a big rally, rising to $1.20. But his optimism hinges on an important technical indicator: a daily closing price above $0.75. He argues that this will break the 250-day accumulation phase and pave the way for a short-term surge. Achieving this benchmark is difficult. XRP is currently sitting at…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Activity on the Coinbase-fostered Layer 2 blockchain base remains hot as March closes. Daily trading volume and volume reached record highs.Data from the Dune Analytics dashboard created by user @watermeloncrypto shows that Base saw an all-time high of 2.27 million transactions on March 29.The surge in daily activity comes after Base’s weekly transactions hit an all-time high of about 9.59 million on March 18. The previous weekly record was about 9.3 million in September last year.Meanwhile, weekly network revenue on the base also hit an all-time high on March 18, according to the data.Base’s…
A recent court ruling dealt a blow to Custodia Bank’s ambitions to secure a Federal Reserve master account and highlighted the challenges digital asset banks face when integrating with the traditional banking system.Court ruling against Custodia BankThe U.S. District Court for the District of Wyoming, led by Judge Scott Skavdahl, denied Custodia Bank’s request for a Federal Reserve master account, a critical asset that gives the bank direct access to the Federal Reserve’s payment system.Custodia’s claim for equal treatmentCustodia Bank argued that the lack of a master account reduced it to ‘second-class citizen’ status, dependent on intermediary banks. This dependence…
The price of DOGE has surged 33% in the past 7 days. Several indicators hinted at a possible price correction. Dogecoin (DOGE)The world’s largest meme coin, silver, has been generating a lot of buzz over the past few weeks as the price has risen significantly. There may be a number of factors responsible for DOGE’s performance, but one of the main reasons may be whale activity. Dogecoin whales are hungry The overall cryptocurrency market remained somewhat strong last week. Bitcoin (BTC) It exceeded 700,000 won. But Dogecoin was the star of the show. CoinMarketCapThe meme’s value has surged more than…
This week, the value of gold soared to an unprecedented high of $2,233 per troy ounce as of March 29. Silver, on the other hand, did not show the same level of brilliance, sitting at a respectable 91% at $24.97 per troy ounce. It is down from its all-time high of $47.91 on March 31, 2011. gold(…)
Stage and voice actress Sara Poyzer was unwittingly informed that she had been replaced by an artificial intelligence, the Mamma Mia star revealed on Tuesday.Poyzer posted the text of an email message he received from an anonymous production company saying his voice services were no longer needed by the BBC because the broadcaster had given permission to use AI-generated voices instead.“Sorry for the delay,” the message said. “We have received approval from the BBC to use AI-generated voices, so we no longer need Sara.”“Sobering,” she commented with a sad face emoji. She tagged the Twitter accounts of the BBC Arts…
Highlighting Ethereum’s steady growth, HBAR’s encouraging 2024 outlook, and BlockDAG’s groundbreaking leap forward, we arrive at a pivotal moment in cryptocurrency investing. Ethereum’s continued strength in the blockchain space and HBAR’s expectations for its future success provide the backdrop to BlockDAG’s narrative. Bold progress toward hitting the $600 million benchmark and predictions of unprecedented revenues have revolutionized the sector, marking BlockDAG as not just another competitor, but the top choice for cryptocurrency investing. Ethereum’s steady rise At the center of the cryptocurrency revolution, Ethereum is driving advanced smart contract capabilities and a significant transition to Ethereum 2.0. As the foundation…
Funding for cryptocurrency companies hit an 18-month high in March, thanks to a surge in early-stage investment in blockchain-related ventures. According to The Block Deals Dashboard, new funding for cryptocurrency companies totaled more than $1.4 billion. This makes March the best month since September 2022, when the sector raised more than $2 billion.March was a landmark month because of the surge in early-stage, or Series A, investments, according to John Dantoni, director of The Block Research. There were more than 20 early-stage investments during the month, a significant increase from February, when there were nine, and in line with the…
Consensys, the parent company of self-custodial wallet MetaMask, urged the Securities and Exchange Commission to approve a spot Ethereum ETF, emphasizing Ethereum’s security features. The Securities and Exchange Commission (SEC) is reportedly investigating ETH’s securities status, a move that has dampened market sentiment and many expect the ETF’s approval to be delayed. Consensys submits opinion To strengthen the case for a spot Ethereum ETF, Consensys filed a comment letter with the Securities and Exchange Commission pointing out the strong security measures inherent in Ethereum’s design. The letter, which was also published as a blog post on the Consensys website, provided…
March 22, 2024 | staking We are excited to announce that support for bonded on-chain staking strategies for DYM, SEI, and TRX is now live in most regions! How can I start staking? Go to: Add cryptocurrency assets to your Kraken account. fundingSelect an asset and tap deposit. Customers can now stake their cryptocurrency assets and Earn up to 18% in annual rewards From the Earns section of your Kraken Pro account or the Kraken Pro mobile app. Are you new to cryptocurrency staking? Check out the Kraken Learning Center article What is Cryptocurrency Staking? Learn moreBonded Staking Assets Available:…