TAO, the utility token for decentralized network Bittensor, is one of the biggest gainers in the market today. The altcoin, which was trading at $181.79 on August 5, has surged to $316.93 at the time of writing. This rally represents a 15.61% increase in 24 hours. However, there are a few other interesting things happening on the network, which we will discuss in this on-chain analysis. The Power Behind the Surge in Interest On August 7, BeInCrypto reported that leading crypto asset manager Grayscale had added Bittensor to its new investment trust. This development comes a few weeks after the…
Author: Crypto Flexs
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Daily quantity Ethereum -3.72% The amount of cryptocurrency burned on the Ethereum network has fallen to its lowest level this year, and the base fee is hovering between 1 and 2 gwei at the time of writing.The decline in base gas fees is one of the lowest observed in recent years, which has consequently impacted ETH issuance.On Saturday, only 210 ETH was burned, a record low for the year, while gas fees remained minimal. On the other hand, on August 5, the daily burn surged to 5,000 ETH, as gas fees reached around 100 gwei.With such low gas fees, the…
Terra Luna Classic managed to turn its structure into a bullish one with a strong uptrend on Saturday. As the downtrend grows and long-term liquidations accumulate, a price decline appears imminent. The Terra Luna Classic (LUNC) price rose 23.3% from the opening price of the day to the closing price of the day on Saturday, August 10. This move was accompanied by a surge in volume, and the high of the range appears to be the next target. However, the short-term trend of Bitcoin (BTC) and the increasing level of long-term liquidations suggest that LUNC may soon experience losses and…
Ben Armstrong, popularly known as “Bitboy” in the cryptocurrency community, recently appeared on the latest episode of Tony Edwards’ YouTube show “Thinking Crypto” where he made some interesting predictions about the prices of Bitcoin and XRP. The former millionaire influencer offered both hope and caution to crypto enthusiasts as he outlined his views on upcoming market trends. “I’ve always believed that this bull market was going to happen on April Fool’s Day next year,” Armstrong told Edwards. “I think today is a good day to do something stupid.” Armstrong stressed that he believes the next major Bitcoin (BTC) rally will…
Terryl Dickey Aug 9, 2024 04:26 CleanSpark Inc. (Nasdaq: CLSK) announced that it has postponed its Q3 2024 financial results webcast, originally scheduled for August 8, 2024, and plans to announce a new date soon. CleanSpark Inc. (Nasdaq: CLSK), known as America’s Bitcoin Miner®, has announced that it has postponed its Q3 2024 financial results webcast. According to an official announcement from CleanSpark, the webcast, originally scheduled for August 8, 2024 at 4:30 p.m. ET/1:30 p.m. PT, has been rescheduled and updated details will be provided in a subsequent release. Company Background and Operations…
Bitcoin (BTC) has recovered sharply from its weekly low of $50,000, signaling aggressive buying at lower levels. This is a bullish signal, but veteran trader Peter Brandt thinks the selling is not over yet. Brandt said in a post on X that there is a 50% chance that Bitcoin will fall below $40,000.However, the Bitcoin bull-bear market cycle indicators that had been turning negative have turned bullish again. “Several Bitcoin on-chain cycle indicators that were on the borderline have now turned bullish again,” CryptoQuant founder and CEO Kiyoung Joo said in a post on X. Crypto Market Data Daily View.…
Ted Hisokawa Aug 9, 2024 05:28 Gala Games has announced the Negan Hero Card for The Walking Dead: Empires is available for purchase, priced in stages and available for immediate use in the game. Gala Games has revealed an exciting new addition to their hit game The Walking Dead: Empires. Negan Hero Cards, featuring infamous characters from the acclaimed series, are now available for purchase, adding a new dynamic to the gameplay experience. Sales Details The sale will begin on Friday, August 9 at 7 a.m. PT. Negan Hero Cards will be offered via…
The cryptocurrency market has seen a dramatic turnaround after a sharp decline. A major news event has shaken the cryptocurrency world. The new direction of the market is still unknown. This week has been eventful for the crypto markets. Two major news events have led to significant price movements. The first was a downtrend due to the difficulties in the Japanese market. Then came the sharp rebound due to the conclusion of the Ripple-SEC lawsuit and the stabilization of the US stock market. So what happened to the top 10 cryptocurrencies? Here’s the analysis: Cryptocurrency markets show mixed results Three…
Lawrence Jengar Aug 9, 2024 05:57 The IOTA Foundation has unveiled a prototype of a digital product passport for electronics, increasing transparency and sustainability across their life cycle, from manufacturing to recycling. According to the IOTA Foundation blog, the IOTA Foundation has launched a new Digital Product Passport (DPP) prototype that aims to revolutionize the electronics industry by providing a transparent and traceable record of electronic devices from manufacturing to recycling. Enhancing Recycling Using IOTA Technology As part of the European Blockchain Pre-Commercial Procurement funded by the European Commission, IOTA has developed two pre-commercial…
Cryptocurrencies continue to push the boundaries of finance, and Bitcoin is now at the forefront of new peer-to-peer lending applications. Historically, Bitcoin has lacked the smart contract capabilities that other blockchains like Ethereum have used to revolutionize decentralized finance. But recent developments are changing the game, allowing Bitcoin holders to leverage their assets in new ways, including P2P lending. Bitcoin Peer-to-Peer Lending Enabled In a recent conversation, BeL2’s Head of Strategy Mark Blair discussed with Roundtable anchor Rob Nelson how Bitcoin’s new smart contract capabilities could empower users to engage in peer-to-peer lending. This innovation could allow Bitcoin holders to…