A widely respected cryptocurrency strategist believes Bitcoin (BTC) is in trouble despite it trading above $50,000. Analyst Justin Bennett told his 112,000 followers on social media platform A rising channel is generally considered a bullish pattern as it suggests that an asset is experiencing an upward trend and printing higher highs and higher lows. With Bitcoin reaching the pattern’s resistance level, Bennett believes BTC could correct towards a low of $46,000. “BTC remains vulnerable while below $52,000-$53,800. If I’m wrong, Bitcoin needs to clean up this area and build on it. Until then I will remain bearish. “There is no…
Author: Crypto Flexs
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I really want to go with multisig, but it scares me that if I ever need to restore multisig in the future, I’ll need all my xpubs, derivation paths, and private keys. I was reading this and it is my worst nightmare. It’s easy to remember the 24 seeds for a single signature, but with multi-signature, no one on earth can remember the xpubs, derivation paths, master fingerprint, and seeds to recreate the multi-sig setup. I know I can save all of this. SD cards, BSMS files emails, etc. – but you still need a lot of information to reconfigure…
Cardano (ADA), the eighth-largest cryptocurrency by market capitalization, has weathered the recent market downturn and experienced a 14% price increase over the past week. This bullish momentum can be attributed to a combination of factors, including impressive ecosystem growth, strong technical analytics, and increasing investor confidence. Cardano TVL Soars, Stablecoins Gain Traction The recent Messari Q4 2023 report presents a vivid picture of the Cardano ecosystem. The network’s Total Value Locked (TVL) increased 166% quarter over quarter, reaching a record $450 million. This represents a remarkable 693% year-on-year (YoY) increase, demonstrating the rapid expansion of decentralized finance (DeFi) activity on…
Currently, the cryptocurrency market is experiencing a significant rebound, with the price of Bitcoin (BTC) surpassing $50,000 for the first time in over two years as of February, signaling the possibility of a bull market starting in 2024. This optimistic outlook has been further strengthened by the recent approval of the BTC exchange-traded fund (ETF), which has sparked institutional demand for the cryptocurrency. Expectations surrounding the Bitcoin halving event scheduled for April 2024 are expected to further strengthen supply-demand dynamics, potentially pushing BTC into a new bull market phase. Investors are actively accumulating coins in preparation for this event, with…
Jupiter Asset Management’s compliance department canceled its investment in the 21Shares Ripple XRP exchange-traded product (ETP) due to regulatory issues in Ireland, resulting in a minor financial loss.Termination occurred due to compliance issuesJupiter’s internal compliance team cited regulatory issues surrounding the Ripple XRP ETP, leading to the cancellation of the company’s initial $2 million investment. Despite the ETP’s promising returns, regulatory uncertainty forced Jupiter to liquidate its holdings, resulting in a loss of $834.Ripple XRP ETP PerformanceJupiter’s first investment, 21Shares Ripple XRP ETP, returned 31.7% over one year. However, recent market fluctuations have seen its value fall 13.2% over the…
Worldcoin, Siacoin, and Bitget Token (BGB) were the biggest winners this week. Astar, Bonk, and Celestia were the biggest losers this week. During a week in which the cryptocurrency market cap hit nearly $2 trillion, certain assets saw significant gains while others suffered significant losses. Here is AMBCrypto’s roundup of the most notable winners and losers from February 11th to 17th. biggest winner World Coin Last week, World Coin (WLD) saw a significant price surge. The daily chart showed a noticeable upward trend, pushing the price to its highest since listing in 2023. Source: Trading View The week began on…
join us telegram A channel to stay up to date on breaking news coverage Get ready to meet. Today’s Top Cryptocurrency Earners: Polygon (MATIC), Celestia (TIA), Gnosis (GNO). Each coin adds its own flavor to the table. Polygon surged 2.34% and had a Greed/Fear Index of 76, while Celestia soared with an impressive 50% weekly gain. Gnosis rose 0.76% and its market capitalization exceeded $736 million. Additionally, eTukTuk is raising a whopping $1 million in pre-sales. There is a lot of excitement in the cryptocurrency space these days. As you progress, prepare to be fascinated by the stories behind cryptocurrency…
With the advent of digital currencies, the concept of financial stability has become more important than ever. Equilibrium Coin, a new cryptocurrency, is designed to provide financial stability and security to users. In this ultimate guide, we will explore the features of Equilibrium Coin and how it can help individuals achieve financial security. What is Equilibrium Coin? Equilibrium Coin is a decentralized digital currency pegged to a basket of assets including fiat currencies, commodities and other cryptocurrencies. This peg mechanism ensures that the value of Equilibrium Coin remains stable, making it an ideal choice for those seeking financial stability in…
Recently held Taipei Ethereum meetup Crosslink Taiwan 2019. It was a really cool event and a perfect opportunity for the Ethereum Foundation. Ecosystem Support Program To provide (ESP) Taiwan’s unique wave subsidy! The recipients are: 🍍 Group 1: Ethereum-based technology projects: USD$5,000 awarded to each project certification (license: MIT): An OAuth-compatible service based on Ethereum credentials to authenticate users on websites.Ethereum Wallet SDK (License: LGPL-3.0): SDK that allows Dapps to connect with other wallets.Should be (license: Apache-2.0): A new compiler for generating Ewasm code from Solidity code. Event at Crosslink Taiwan. Pineapple is a pun on the Taiwanese word for…
Mocaverse, Animoca Brands membership network program, has partnered with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet. This is intended to foster connections between the on-chain cultural economy and centralized finance (CeFi). Recently, Mocaverse introduced Moca ID, a decentralized identity (DID) that will promote user development by integrating with the Moca self-custody wallet. Moca ID serves as a conduit for users to simply explore multiple Web3 cultural exposures, including PointFi and SocialFi, and easily onboard into the Mocaverse ecosystem. User IDs from OKX wallet, Halo wallet and Crypto.com DeFi wallet can be used within the app to access the Mocaverse…