BNB price is gaining bullish momentum above the $450 resistance level. The price is showing a strong upward trend and may soon break above the $500 resistance level. BNB price is showing bullish signals above the $450 resistance. The price is currently trading above $465 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair (Binance data source), a breakout occurred above the connecting trend line with resistance at $430. The pair could continue to rise towards the $500 resistance zone or even $520. BNB price rebounds upward In our last BNB price prediction, we…
Author: Crypto Flexs
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Toronto, Canada, March 8, 2024, Chainwire Conflux Network, the only regulated public blockchain in China, today announced its pivotal role in supporting the successful beta testing of AxHKD, a Hong Kong dollar (HKD)-backed stablecoin. Built by local fintech company AnchorX, the stablecoin will initially launch on Conflux Network and then on Ethereum. Conflux provides foundational technology with great scalability, security, low latency, and cost-effectiveness. With this launch, AnchorX aims to become Asia’s most trusted digital currency solutions provider, supporting a stable and efficient global exchange. AxHKD will initially launch on the Conflux public blockchain, leveraging world-class distributed ledger technology and…
Optimism Foundation announced a private sale of 19.5 million OP tokens, initiating a two-year lock-in period for governance participation amid a positive market trajectory. Optimism Collective recently made a strategic move by conducting a private token sale containing approximately 19.5 million OP tokens. This significant transaction comes at a time when the Optimism Network, a layer 2 blockchain built on top of Ethereum, is gaining attention for its role in expanding the Ethereum ecosystem. The private sale, announced on the Optimism governance forum on March 7, 2024, will place sold tokens under a two-year lock-up period. However, the contract allows…
Pioneering Bitcoin wallet company Oyl has secured $3 million in pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard.This investment marks a notable shift in cryptocurrency investment trends as several Ethereum NFT funds enter the Bitcoin-focused business for the first time. Arca, which led this round, is a venture company with a history of investing in Ethereum NFTs and alternative blockchains. Now, the company is expanding its portfolio into the Bitcoin space with Ordinals. Other investors include Foresight Ventures, Taproot Wizards CEO Udi Wertheimer, prominent NFT funds Kanosei, and FlamingoDAO.“Bitcoin’s…
An XRP community member known as Sherrie addressed recent accusations against cryptocurrency company Ripple for allegedly manipulating the price of the XRP token. This development comes after documents emerged indicating that Ripple is working with global cryptocurrency market maker GSR to use trading bots for institutional sales of XRP. Ripple’s Chief Technology Officer refuted these claims, making it clear that the company has stopped such practices. Sherrie provided perspective on the matter, likening Ripple’s actions to those of other companies seeking to raise funds through market activity. She drew parallels between Ripple’s market activity and the activities of traditional financial…
Derivatives exchange Aevo is offering pre-market trading for tokens scheduled to be airdropped on March 13.Aevo, an exchange focused on options and perpetual futures trading, operates on Ethereum’s Layer 2 network. The exchange has seen significant traction in pre-market token trading in recent months and has used this as a way to increase awareness of its platform.What’s different in this case is that Aevo is the first in the cryptocurrency industry to offer tokens for pre-market trading.“Announcing the pre-launch of $AEVO. Take a position on where AEVO will be when the airdrop occurs by March 13th.” Posted in.The proposal was…
Stablecoins earn returns by selling ether futures and capturing funding rates that have surged over the past two weeks.
Floki Inu (FLOKI), the famous dog face meme coin, is making waves in the cryptocurrency market, experiencing a massive price surge and embarking on an ambitious marketing campaign that will take place in New York’s iconic Times Square. TLDR Meme coin Floki Inu (FLOKI) experienced an incredible 40% price surge, reaching $0.0001802 and breaking the $0.00016928 area. Floki Inu has announced an ambitious three-month marketing campaign that will run in New York’s Times Square starting March 15 to attract investor attention and increase visibility. The Floki staking program achieved an all-time high Total Value Locked (TVL) of $421.9 million, equivalent…
SushiSwap has faced accusations of governance manipulation and financial opacity as tensions grow over the removal of governance forums. Decentralized cryptocurrency exchange SushiSwap found itself in hot water after the community accused its core team of deleting parts of its governance forum and ignoring snapshot voting amid a backlash over its financial management. in X post In late February, former SushiSwap contributor Naim Boubziz sparked controversy by highlighting the project’s core team’s removal of its governance forum amid criticism over its use of government funds. In a follow-up post on March 4, Boubziz wrote that the Sushi operations team removed…
The emergence of cryptocurrencies in recent years has brought major changes to various industries. One industry that is undergoing a revolution due to cryptocurrency is the pharmaceutical industry. XanaxCoin is a prime example of how digital currencies are changing the way pharmaceutical companies operate and serve consumers. What is XanaxCoin? XanaxCoin is a cryptocurrency designed specifically for the pharmaceutical industry. It aims to streamline the process of purchasing and selling medicines, making transactions safer, more efficient and more transparent. XanaxCoin allows pharmaceutical companies to easily track their products, ensure quality control, and provide faster delivery to customers. How does XanaxCoin…