Bitcoin price is consolidating its upward trend above the $70,000 resistance zone. In the near term, BTC could rally again if it breaks above the $71,500 resistance level. Bitcoin price moved in positive territory above the $66,500 level. The price is trading above $70,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline with support at $68,500. A break above the $71,500 resistance zone could initiate further upside. Bitcoin price gains strength again Bitcoin price began a significant rise above the $68,800 resistance zone. BTC rose above…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Updated: March 28, 2024, 2:49 AM EDT Ethereum’s blob transaction rate has surged, exceeding the network’s set capacity. This escalation follows the introduction of inscriptions on Blob, a feature that increases the demand for Blob utilization.Ethereum core developers implemented the Dencun upgrade earlier this month, adding Blob transactions to make layer 2 transactions cheaper. They succeeded by allowing layer 2 to use blobs instead of the “call data” method for posting transactions. This provides a direct path to fee savings and passes these savings on to end users.However, with the recent introduction of inscriptions…
Tokyo, Japan, March 27, 2024, Chainwire The funding from the Pre-Series A round, led by Dragonfly, will further develop MyShell’s open source model and agent platform to empower AI creators. MyShell, a decentralized AI consumer class, today announced that it has raised $11 million in a pre-Series A round with participation from a group of high-profile investors including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, and Nascent. Nomad Capital, OKX Ventures, etc. Former Coinbase CTO Balaji Srinivasan, NEAR Protocol co-founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and former Paraphi Partner Santiago R. Santos. R. Santos) and other…
Vitalik proposes anti-correlation incentives to promote decentralization of staking protocols, punish misbehaving actors, and implement them in various scenarios based on empirical data. Vitalik Buterin recently published a thought-provoking article exploring the concept of using anti-correlation incentives to support distributed staking. This article, written by Vitalik Buterin, presents a preliminary study and recommends independent replication attempts to validate the proposed ideas. The main focus of this article is to address the challenge of encouraging better decentralization within staking protocols. The authors suggest that penalizing correlations between actors could be an effective mechanism to encourage more distributed and resilient ecosystems. The…
Cryptocurrencies are reshaping the global financial infrastructure, providing a simple way to transact digitally without involving third parties like credit card companies or banks (and without paying the high fees they typically charge for processing transactions). ).Currently, the digital asset market is showing a significant upward trend with Aptos (APT) taking the lead. spotlight This is because of its impressive performance. These altcoins are gaining influence in bull market dynamics.Investing in emerging altcoins like Aptos can be rewarding as it offers diversification and potentially higher returns. However, many cryptocurrency users want to understand Aptos’ use cases and technology, which is…
Cardano (ADA) has received a lot of criticism over the years, including ADA’s price-performance ratio, the personality of its founder, and the community’s “slander” of Solana. This time, the project’s marketing team made headlines after a viral video of a female Cardano user went viral on social media. The ‘Cardano Girls’ video sparked conversation about the project’s efforts to reach a wider audience. A breath of fresh air in the community The ‘Cardano Girls’ video was uploaded by content creator and Cardano user Lily Brodi and went viral within hours. The video replicates a popular social media trend in which…
Michael Kong, CEO of the Fantom Foundation, unveiled the launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is ready to revolutionize the blockchain world. Stay tuned for more exciting updates and partnerships in the coming weeks. Michael Kong, CEO of the Fantom Foundation, revealed exciting launch plans and future developments for Sonic, an innovative blockchain technology. Kong highlighted the significant advancements made since the Opera network debut in 2019, which laid the…
Investment giant BlackRock’s Ethereum-based BUIDL fund has raised $245 million in Ethereum tokens since launching last week. According to data from Etherscan, 10 transactions were entered into the BlackRock USD Institutional Digital Liquidity Fund, starting with $5 million on March 20, when the BUIDL fund was launched.Over the next seven days, an additional $239.8 million flowed into ERC-20-based funds, including $92 million in short-duration U.S. government bonds from tokenized real-asset platform Ordo Finance.“We are thrilled to see BlackRock embracing securities tokenization with the launch of BUIDL,” Ordo Finance said in a blog post Wednesday. “This is especially true of our…
Bitcoin price is consolidating gains above the $69,000 support area. For BTC to begin a steady increase, it will need to clear the $71,500 resistance area. Bitcoin price is still showing positive signs and is facing resistance near $71,500. The price is trading above $69,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a key bullish trendline with support at $69,120. A break above the $71,500 resistance zone could initiate further upside. Bitcoin price maintains support Bitcoin price remained in the positive zone above the $68,800 resistance zone. BTC rose…
Posted 1 minute ago In ~ Speaking at BUIDL Asia in Seoul on Thursday, Maartje Bus, vice president of research at cryptocurrency data aggregator Messari, said Memecoin will remain an important part of the cryptocurrency market and could potentially establish itself as a new asset class.“Crypto is often criticized for not having a use case for the average Joe, and that’s fair,” Bus said. “But Memecoin has been successful and consistently successful at actually connecting people to the chain.”As Bus described as a “full-blown memecoin mania” fueled by the bullish cycle following the approval of a spot Bitcoin exchange-traded fund,…