Bitcoin (BTC) is signaling that a third “local bottom” is coming in 2024 as key BTC price indicators show signs of growth.A recent study released on August 8 by on-chain analytics platform CryptoQuant shows a bullish move towards the Trading Golden Cross (NVT-GC) tool in network value.BTC Price “Cooling Off Too Much”Bitcoin was warned of another collapse this week on BTC/USD as the moving averages created a so-called “death cross.”But the long-term picture remains uncertain as other market indicators point to a continued rebound.One of them is NVT-GC, described by CryptoQuant as a volatility gauge similar to Bollinger Bands. NVT…
Author: Crypto Flexs
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TL;DR (concentrated takeaways)A crypto wallet passphrase is an optional feature that can be used in addition to your seed phrase to restrict access to your crypto wallet. The BIP-39 standard defines both the passphrase and the seed phrase.Passphrases offer extra security in the event that your seed phrase is exposed, or if someone else gains access to your hardware wallet. Passphrases also allow you to create multiple crypto wallets from a single seed phrase – in this way, you could even create a dummy wallet that would provide “plausible deniability” of your true holdings. If you lose your passphrase, you…
Earlier this week, crypto markets rallied after a sharp selloff, with Bitcoin down more than 15% and Ether experiencing its steepest drop since the FTX crash. This selloff, fueled by broader economic concerns and geopolitical factors, has increased market uncertainty. Curious to see if these events have prompted a significant shift in crypto fund strategy, I reached out to leading crypto investors who manage liquidity and hedge funds to find out what they are up to going forward.Interestingly, despite the recent market turmoil, several cryptocurrency funds continue to focus on fundamentals and are taking a strong bullish stance on Solana…
Two of Donald Trump’s sons have started supporting cryptocurrencies. Trump’s sons are distancing themselves from the new symbolic topic. But will their own project start soon? Over the past few weeks, Donald Trump has been at the forefront of industry conversations as he embraces the moniker “Crypto President.” While his campaign promised to reform U.S. regulatory standards in exchange for industry support, two of his sons have joined in, showing their own crypto passions and hinting at major projects. Their involvement created a buzz, and as Trump-themed tokens proliferated, the family issued a disclaimer. Trump’s Son Denies RTR Tokens Restore…
Darius Baru 10 Aug 2024 01:03 According to investors.cleanspark.com, CleanSpark Inc. (Nasdaq: CLSK) has rescheduled its Q3 2024 financial results webcast to August 9, 2024 at 4:30 p.m. ET/1:30 p.m. PT. CleanSpark Inc. (Nasdaq: CLSK), the popular Bitcoin mining company, has announced a new date and time for its Q3 fiscal year 2024 financial results webcast. According to investors.cleanspark.com, the webcast, which was originally scheduled for a different date, will now take place today, August 9, 2024, at 4:30 p.m. ET / 1:30 p.m. PT. Webcast and Conference Call Details Interested parties may view…
MicroStrategy became the first publicly traded company to adopt cryptocurrency as a primary treasury reserve asset when it purchased its first Bitcoin (BTC) on August 10, 2020. Four years later, this bold move has evolved into a defining strategy for the company, outpacing the returns of Warren Buffett’s Berkshire Hathaway.MicroStrategy Earns $5.38 Billion in BitcoinAs of August 10, 2024, MicroStrategy owned 226,500 BTC worth $13.771 billion, which it acquired at an average cost of $37,000. With Bitcoin currently trading at around $60,500, MicroStrategy currently has an unrealized profit of around $5.39 billion.Bitcoin Buying Throughout MicroStrategy’s History. Source: SaylorTracker.comDespite the significant…
Singapore, Asia, August 9, 2024, Chainwire Elacity is working with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. The collaboration aims to streamline access to and exchange of content within the music industry. Integrating Particle Network’s Wallet Abstraction stack with the Elacity platform will allow users to enjoy a simple onboarding experience. Additionally, as Particle Network is committed to enabling chain abstraction across the industry through Universal Accounts, this integration will ultimately allow users to have a borderless Web3 experience. Elacity’s implementation of Elastos…
Raoul Pal, a macro expert and CEO of Real Vision, has highlighted one blockchain token based on smart contracts that he believes has potential. Pal told his 1 million followers on social media platform X that the native token of its layer 1 blockchain, Sui (SUI), was “starting to get very interesting from a price standpoint.” “… I’m looking at all the major tokens for the next Solana type opportunity, and I think this (Sui) is one of them.” According to the macro expert, SUI is “making a breakthrough for most tokens” and is “one of the fastest horses in…
Tony Kim 10 Aug 2024 02:10 Learn how Wavlake leverages the Bitcoin Lightning Network to enable direct payments between fans and artists without going through traditional financial intermediaries. Wavlake, a revolutionary music and podcast streaming platform, is leveraging the Bitcoin Lightning Network to allow fans to pay artists directly and instantly. According to blog.bitfinex.com, the platform is adopting a Value 4 Value (V4V) model that allows listeners to send micropayments in Bitcoin, known as “boosts” or “streaming satoshis,” directly to creators, bypassing traditional financial intermediaries. This decentralized approach ensures fair compensation for artists and…
Zcash (ZEC), a decentralized cryptocurrency created to improve privacy in the blockchain space, has seen its price rise by a whopping 90% over the past 30 days. This surge has put ZEC among the top three altcoins. Trading at $41.36, this analysis explains why the coin is unable to maintain its momentum.. Storm Gathers for Zcash Stellar Rally On July 12, ZEC was priced at around $23.81, meaning that the current price is almost twice its value back then. But that’s not the only thing that has changed. According to CoinGecko, the market cap also increased significantly. On the same…