Ethereum price is struggling above the $4,000 range. ETH is falling slowly and is at risk of falling towards the $3,850 support level. Ethereum traded at a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trendline connected to support at $3,965. A break above the $4,025 resistance area could resume the price rise. Ethereum price maintains support Ethereum price, like Bitcoin, expanded its rise above the $4,050 level. ETH traded at multi-month highs above $4,080 before…
Author: Crypto Flexs
Read More
Ethereum’s highly anticipated Dencun upgrade was released to mainnet at the start of epoch 269568 at 9:55 AM ET on Wednesday for those following it on-chain. According to the developers, the upgrade will reduce Layer 2 transaction costs to the point where gas fees become obsolete. Dencun Live Broadcast In addition to lowering transaction costs across the Ethereum Layer-2 network, the Dencun upgrade significantly expands the functionality of the blockchain ecosystem. After the upgrade is implemented, it will be integrated into the Layer 2 network-wide settlement agreement, a process that will take several months. According to one Ethereum developer, once…
People • March 14, 2024, 2:05 a.m. EDT Posted 1 minute ago In ~ Elon Musk says people will eventually be able to buy Tesla cars next. Dogecoin viceroy +8.29% He spoke about cryptocurrency during a recent visit to the company’s manufacturing plant, Giga Berlin. Automobile companies already provide users with Buy products with Dogecoin. “When can I buy a Tesla with Dogecoin? “I think we need to enable that at some point.” Musk said this: video This article, uploaded by X user @dogeofficialceo, answers a question about purchasing a car with Dogecoin. “You can buy Tesla products through Doge,…
MicroStrategy® Incorporated (Nasdaq: MSTR) revealed plans to raise $500 million through 2031 to buy more Bitcoin through a private offering of convertible senior notes. The offering is open to institutional buyers who qualify under Rule 144A of the Securities Act, subject to market conditions. 1933.Breaking News: MicroStrategy raises $500 million for additional purchases #Bitcoin pic.twitter.com/EU19xmKB2x— Bitcoin Magazine (@BitcoinMagazine) March 13, 2024 The notes, which are MicroStrategy’s unsecured and senior notes, will bear interest payable semiannually on March 15 and September 15, beginning on September 15, 2024. The notes, which are scheduled to mature on March 15, 2031, can be redeemed…
Lawmakers discussed a proposal for the Consumer Financial Protection Bureau that would potentially provide oversight of payment applications involving cryptocurrencies. The proposal, “Defining larger players in the general-purpose digital consumer payment applications market,” aims to regulate non-bank financial companies that process more than 5 million transactions annually, similar to regulatory requirements for banks and credit unions. During the hearing, some members of the House Financial Services Subcommittee expressed concerns about the CFPB overstepping its bounds. Rep. Mike Flood, R-Neb., questioned the legitimacy of the CFPB claiming jurisdiction over cryptocurrencies with minimal legal basis. Conversely, Democratic lawmakers such as Rep. Stephen…
Ethereum (ETH) is poised for notable improvements with the impending Dencun upgrade to improve network scalability. However, amidst these expectations, QCP Capital, a seasoned cryptocurrency asset trading firm, has highlighted a new trend that could impact Ethereum’s price trajectory. The company’s analysis shows a “risk reversal” in Ethereum turning negative for the upcoming expiration. These changes indicate growing concerns among investors about a potential decline in the price of ETH. This is because a negative risk reversal often suggests that the market is leaning towards protective measures against a recession. Market Leverage and Correction Concerns In particular, this trend towards…
Road Town, British Virgin Islands, March 13, 2024, Chainwire Live 3 (LIF3/USD)(LIF3/USDt), an innovative multi-chain DeFi Layer-1 ecosystem operating on Ethereum, Polygon, BNB Chain, and Fantom, is pleased to announce a strategic partnership with BitGo, an institutional custodian with industry-leading security credentials. As Lif3.com leverages BitGo’s pioneering multi-signature technology for custodial transactions, cold storage of Lif3 tokens, LSHARE tokens and L3USD, this collaboration will help secure and democratize access to blockchain technology for users around the world. It represents an important leap forward. “We are excited to support Lif3’s goal of increasing access to DeFi through industry-leading secure custody solutions.…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEpress releaseVAP Group is proud to announce the launch of the Global Blockchain Awards, honoring the brightest minds and boldest innovators in the Web3…
Posted 1 minute ago In ~ According to the Wall Street Journal (WSJ), the U.S. Treasury is investigating $165 million worth of cryptocurrency transactions registered with U.S. entities that may have supported Hamas before the October 7 attack on Israel.W.S.J. reported, citing a report submitted to Congress by the Treasury Department’s Financial Crimes Enforcement Network, which said it had investigated reports of suspicious activity over the past three years potentially used in transactions involving armed groups. According to the report, the exact amount of cryptocurrency used by Hamas is unclear.FinCEN said in its letter that the use of cryptocurrencies by…
Blockchain technology and cryptocurrency are rapidly changing the financial and digital environment, making many people curious about the following:Will Bitcoin become the world’s next reserve currency?A mix of macroeconomic changes, technological advancements, and geopolitical strategies are strengthening the argument that Bitcoin is at the core of the global financial future. This article explores the multifaceted role Bitcoin could play in strengthening U.S. national security, reshaping the global distribution of power, and sustaining democratic values amidst risks and opportunities.What is the world reserve currency?A world reserve currency is a currency that is widely held by governments and institutions as foreign exchange…