XRP price showed new signs of life on Monday as the cryptocurrency surged more than 27% from its intraday low, breaking through numerous resistance levels and setting a new yearly high above $0.745. This price rise has not only captured the attention of investors, but also sparked discussion about the future of the asset, particularly the possible launch of exchange-traded funds (ETFs). Martin Hiesboeck, Head of Research at Uphold Exchange, was particularly vocal about ecosystem development. Looking back on the asset’s recent performance, Hiesboeck cited the regulatory clarity achieved over the past year, giving positive momentum to “increased development for…
Author: Crypto Flexs
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Core Scientific announced a significant financial recovery in the fourth quarter of 2023, including a notable increase in its own mined Bitcoin and improved financial results. Core Scientific (NASDAQ: CORZ), a leader in Bitcoin mining and digital infrastructure, has released its financial results for the fourth quarter and full year of fiscal 2023. With impressive performance and strategic operational improvements in its mining sector, Core Scientific is a testament to the potential resilience of the cryptocurrency industry. Fourth Quarter and Fiscal Year 2023 Highlights Core Scientific’s fiscal 2023 financial results show that a company is emerging with enhanced strengths through…
Ethereum’s much-anticipated Dencun upgrade launched without a hitch Wednesday morning, significantly lowering transaction costs across the Ethereum layer 2 network and opening a new chapter for the blockchain that will significantly expand the capabilities of the blockchain ecosystem. The Dencun upgrade was successfully implemented just before 10:00 AM EST. It now takes about a month or two for settlement contracts across all Layer 2 networks to incorporate updates. Once that happens, gas fees on the layer 2 network should immediately drop by 75%, said Terence Tsao, an Ethereum layer 2 network developer. decisionBefore said decryption.Ethereum Foundation YouTube live streaming screenshotAhead…
BitGo, a prominent provider of Bitcoin wallet and custody solutions, has unveiled new enhancements to its platform by introducing Replace-By-Fee (RBF) integration, according to a press release sent to Bitcoin Magazine. This new feature is designed to speed up Bitcoin transaction processing, giving users greater flexibility and control over their transactions. RBF allows users to replace ongoing transactions with higher fees, incentivizing miners to immediately confirm them on-chain. Available across BitGo’s various wallets, including hot wallet, eligible custody, and self-custodial Bitcoin wallet options, RBF integration is another big milestone in BitGo’s ongoing effort to provide advanced features to its users.…
Posted 1 minute ago In ~ Ethereum ETH +0.10% Core developers implemented the Dencun upgrade on the mainnet, introducing “blobs” that are expected to make layer 2 transactions much cheaper.The upgrade, including EIP-4844, became active on the network at epoch 269568 (approximately 10:00 AM ET). The era has not yet been determined.Ethereum Layer 2 rollup will now use blob instead of “calldata” method for posting transactions. That means providing a direct path to fee savings and passing those savings on to end users.Blob is designed to enhance Ethereum by improving data availability without impacting current infrastructure and reduce transaction costs…
Binance will remove some trading pairs from its platform on March 15, 2024, citing low liquidity and trading volume as the main reasons. Binance, the world’s leading cryptocurrency exchange, announced the removal of a small number of spot trading pairs from its platform. This decision, which is scheduled to take effect at 03:00 UTC on March 15, 2024, is consistent with Binance’s commitment to maintaining a high-quality trading marketplace and protecting users. Trading pairs scheduled for delisting include ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD. These pairs were identified through Binance’s regular review process that evaluates factors such as liquidity and…
Ethereum (ETH) has been showing solid performance recently, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, with a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, sparking numerous bullish predictions. But is this a true resurgence, or are we just witnessing a temporary change before a potential correction? Let’s analyze the forces at play. Supporters of a continued upward trend point to a combination of positive factors. The approval of the long-awaited US-based Ethereum ETF is a hot topic, with speculation swirling that approval could trigger a…
The AEGIS token, associated with the Aegis AI smart contract audit platform, has experienced a significant surge, increasing 92% in the last 24 hours to reach a high of $0.2987. This growth comes amid expectations of future developments in the Aegis AI ecosystem, as pointed out by a cryptocurrency influencer known as Jolly Green Investor. The influencer’s enthusiasm was shared in a statement by Aegis AI, highlighting the imminent introduction of AI-based security tools designed to address vulnerabilities in the crypto domain. These tools include AI-based smart contract auditing, token legitimacy auditing, protocol monitoring, and a bug bounty program as…
Earlier this month, FSA We have been working with financial authorities in Malaysia, Singapore, and Dubai to build a comprehensive cryptocurrency policy. This international collaboration, which includes drafting a memorandum of understanding with Bank Negara Malaysia, Monetary Authority of Singapore and Dubai Cryptocurrency Regulatory Authority, aims to establish a solid framework for cryptocurrency policy.
Ethereum price is consolidating near $4,000. ETH is on the rise again as bulls appear to be targeting above the $4,200 level. Ethereum traded at a new multi-month high above $4,080 before correcting lower. The price is trading above $4,000 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above the major contraction triangle with resistance at $4,025. A break above the $4,085 resistance area could resume the price rise. Ethereum price gains strength again Ethereum price, like Bitcoin, surged above the $4,000 resistance zone. ETH traded at multi-month highs above…