A widely respected cryptocurrency analyst believes one hot altcoin project built on the Bitcoin (BTC) blockchain has more upside potential. In a new strategy session, DataDash host Nicholas Merten told his 510,000 YouTube subscribers that Stacks (STX), a project that aims to enable smart contracts and decentralized finance (DeFi) applications on Bitcoin, is taking advantage of Bitcoin’s market strength. They say you can benefit from it. Best performing digital assets. “Now the narrative is Bitcoin-centric. The focus is on Bitcoin becoming an institutional asset, global collateral, or hedging asset. The stack is fundamentally built around Bitcoin and we see technical…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage As Bitcoin price surged to $52,000 on Wednesday, the Ethereum chain also rose 1.88%. As you can see in today’s analysis, the most popular tokens on the Ethereum blockchain have shown great promise. Currently the most popular cryptocurrency on the Ethereum chain However, determining the sustainability of the current Bitcoin rally will take time and effort. Some analysts suggest Bitcoin’s fundamentals support further price rises, while others warn of a potential market correction. We will take a look at the performance of SMOG, which has shown…
Update (7:52 a.m. ET): Due to incorrect information received from Ethena Labs and at Ethena Labs’ request, the article has been updated to remove investors in this strategic fund: Brevan Howard Digital, PayPal Ventures, Franklin Templeton, Fidelity via Avon Ventures, Binance, Deribit, Gemini, and Kraken. round.Developer Ethena Labs Ethereum ETH -0.49% Stablecoin USDe raises $14 million in strategic funding round.Dragonfly and Maelstrom, the family office of BitMEX founder Arthur Hayes, co-led the round, Ethena Labs said Thursday. Ethena pledged more than $50 million in this round, but capped it at $14 million because it doesn’t currently need more cash, founder…
Cardano’s price broke the $0.61 barrier on February 16, and unusual trends in derivatives market trends suggest more bullish action could follow. Cardano (ADA) emerged as one of the best-performing megacap cryptocurrency assets this week, thanks to billions of dollars flowing into the layer 1 altcoin sector. It remains to be seen whether ADA bulls will capitalize on the prevailing bullish catalyst to reclaim $1 for the first time since the TerraUST collapse in May 2022. Cardano’s open interest has doubled in the last 21 days. Since the recent local low on January 25, the price of Cardano has risen…
welcome to this week eth2 quick update! tldr; Shasper joins Prysmatic’s testnet. Parity’s eth2 client, Shaspersuccessfully joined Prysmatic’s first Sapphire testnet public Multi-client eth2 testnet. It’s an exciting start many The multi-client testnet is scheduled to launch next month. You can now pull down the Shasper codebase and connect to the Sapphire testnet using a few commands. If you want to give it a try, follow the instructions. here. Eth2 block explorer released no one but two (!) The eth2 block explorer was recently released. These two block explorers are currently monitoring: Sapphire Testnet from Prysmatic LabsWhen validators build a…
Moonbeam Network said it is entering the Web3 gaming sector by collaborating with Animo Industries. Smart contract platforms joining hands with gaming studios have paved the way for other players to enter the market. That will also happen with Stars Arena, which is scheduled for release on PlayStation, Epic Games, and Nintendo Switch at a later date. However, some experts believe Moonbeam Network may be late to the party. The final year, 2023, was a time when the cryptocurrency market was sluggish. This allowed players to accumulate tokens and take big steps in the game world. Moreover, NFTs were breaking…
There are currently around 9,000 validators waiting in line on the Ethereum network as the cryptocurrency price reaches $3,000. The number of validators could exceed 1 million by the Bitcoin halving in April. As re-filming began. Ethereum Explorer beaconcha.in shows 8,799 ambitious validators whose addition to the network could bring the number of validators close to one million. No validator has any intention of leaving the network. Validator Crowd to Reclaim Potential Last week, the amount of ETH staked on the network reached $1.24 billion. Additionally, the network onboarded 12,741 nodes during the same period. The total number of currently…
Ethereum developers discussed various EIPs for the Dencun upgrade and Pectra upgrade in ACDE Call #181, with the goal of improving and improving the network. Key points include preparing to activate Dencoon’s mainnet, strengthening security and suggesting gas cost efficiency, and strategic planning for future upgrades. On February 15, 2024, Ethereum’s All Core Developers Execution Call #181 will be held for pivotal discussions on future upgrades of the network, including mainnet activation of the Dencun upgrade and discussion of various Ethereum Improvement Proposals (EIPs). I lost. Chaired by Tim Beiko, Ethereum Foundation Protocol Lead, this bi-weekly meeting series brings together…
BONK price rose significantly in February, breaking away from diagonal and horizontal resistance levels. Will prices maintain this upward trend, or was this just a relief move? Let’s explore. BONK Breaks Out of Resistance Technical analysis on daily time frames shows that BONK price broke out of the downward resistance trendline on February 7th. Prior to the breakout, the trend line existed for 55 days. More specifically, the trend line has existed since the all-time high on December 15, 2023. Today BONK reached a high of $0.000014 before falling slightly. BONK/USDT daily chart. Source: TradingView The daily relative strength index…
BitPay and ZenLedger come together to provide simple cryptocurrency tax reporting to all BitPay users. ZenLedger is the IRS’s only source provider of forensic accounting and taxation software for cryptocurrencies, offering advanced features that allow you to process your cryptocurrency taxes in minutes. Import transactions directly from your BitPay wallet into ZenLedger’s cryptocurrency tax software and generate all the forms you need to accurately prepare and file your taxes.Benefits of Using BitPay + ZenLedger for Cryptocurrency TaxesCalculate your DeFi, NFT and cryptocurrency taxes in minutesImport transactions directly from BitPay WalletCalculate cost basis, fair market value, and profit/loss for your transaction…