After a year and a half of prolonged weakness against the price of Bitcoin, the price of Ethereum is currently showing strength again and could see an explosive move, according to several prominent analysts. Ethereum/BTC chart is ‘amazing’ Renowned financial expert Raoul Pal uncovered an attractive double chart pattern in his analysis of the ETH/BTC trading pair. The formation of a “mega wedge” and an internal descending channel is setting the stage for what could be a significant breakout for Ethereum when priced by Bitcoin. Pal said: The ETH/BTC charts are truly amazing…and ready for the next big move, the…
Author: Crypto Flexs
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World’s first Bitcoin Layer 2 conference to unite East and West in Hong Kong in April 2024 – Chainwire housenewsroomWorld’s first Bitcoin Layer 2 conference uniting East and West in Hong Kong, April 2024 We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications…
MicroStrategy, led by Michael Saylor, says the X (formerly Twitter) account was compromised. This resulted in a fraudulent post promoting the cryptocurrency token $MSTR to 196,500 followers. Blockchain investigator ZachXBT claims victims have already lost $440,000. They fell victim to claiming free tokens by linking their wallets, but later they ran out of tokens. Michael Saylor MicroStrategy X was hacked and user funds were compromised. In a now-deleted hack post, Michael Saylor’s MicroStrategy announced an Ethereum token called $MSTR, captured by popular cryptocurrency user Spreek. It claimed low gas costs and was backed by MicroStrategy’s Bitcoin reserves. Read more: What…
Why cryptocurrency market cap is importantThe market capitalization of a cryptocurrency project is an important (and often misunderstood) measure of the project’s growth potential and market position (relative to other cryptocurrency projects). understanding Cryptocurrency market capitalization It can help you become a better, more profitable investor.What is market capitalization?Market capitalization is calculated by multiplying the current market price of a single coin/token by the circulating supply of the coin/token in the market.How does market capitalization help assess growth potential?If the market capitalization of a cryptocurrency project is $1 million, the market capitalization of the project must double to realize 2x…
At 11:30 a.m. today in Waco, Texas, the Texas Blockchain Council and Riot Platforms, Inc. asked U.S. District Judge Alan Albright for a temporary restraining order blocking the Energy Information Administration from conducting an “urgent” investigation.At that hearing, government lawyers proposed a voluntary declaration from EIA Administrator DeCarolis that would halt enforcement and collections for four weeks. Judge Albright recognized that the government’s offer here was nothing more than an empty promise without any sort of enforcement mechanism, and directed the government to work with the plaintiffs to draft a negotiating order that would fully bind the government to:The survey…
Everyone, With less than three months left until Devcon, we’re moving full speed ahead toward Osaka! We’ll be hearing more details and details about the first program in the coming days. Since tickets are on sale now, we thought it was time for a more official update! First, the second ticket reservation is tentatively scheduled to take place on August 6th. We’ve learned and patched a lot since the last round. We used a new open source ticketing platform this year, and while the platform itself worked great, everything wasn’t quite right when configuring it for our first production run.…
Siacoin is a decentralized storage platform that leverages blockchain technology to provide safe, private, and reliable storage solutions. As data breaches and privacy concerns increase, decentralized storage solutions like Siacoin are becoming increasingly popular. Here are some reasons why Siacoin is the future of decentralized storage: 1. Security One of Siacoin’s key features is security. The decentralized nature of the platform means that data is stored across multiple nodes on the network, making it virtually impossible for hackers to access any information. Additionally, encryption technology is used to ensure that your data always remains safe. 2. Personal information protection Privacy…
Ethereum price is surpassing Bitcoin by over $3,000. ETH is showing bullish signs and may soon break above the $3,200 resistance level. Ethereum started a new rally above the $3,000 resistance zone. The price is trading above $3,050 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $3,080. In the short term, it could extend the upside to $3,200 or even $3,250. Ethereum price surpasses Bitcoin Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a new rise above the…
Posted 1 minute ago In ~ Stablecoin issuer Circle Internet Financial on Monday announced a partnership with Overdare, a joint venture formed by South Korean gaming and metaverse giant Krafton and Naver Z Corporation.Through the partnership, Overdare reportedly plans to develop a user-generated content gaming platform leveraging Circle’s programmable wallet. name It was released on Monday. This arrangement can help gaming content creators create an in-game wallet for receiving. USDC -0.03% payout.at postCircle CEO Jeremy Allaire said a “large-scale Roblox-style” metaverse based on Circle’s wallet infrastructure and USDC is in development. The platform, named Overdare, aims to provide users with…
A closely watched cryptocurrency analyst says Dogecoin (DOGE) could be on the verge of repeating a pattern that could send the top memecoin poised for a massive rally in the coming months. Crypto strategist Ali Martinez told his 47,300 followers on social media platform X that Dogecoin appears to be reflecting the 2020 market structure. The analyst shares a chart that suggests that if the pattern repeats, DOGE could rise exponentially to around 11,541% from current levels. “Dogecoin’s price action is showing familiar patterns reminiscent of 2020 behavior. At that time, DOGE soared 28,770% after escaping the descending triangle and…