Widely revered cryptocurrency bears believe there will be a major correction for Bitcoin (BTC) and Ethereum (ETH) after a brief rally. Household name trader Capo told his 83,873 Telegram subscribers that the potential approval of a spot Bitcoin exchange-traded fund (ETF) this week would likely trigger a near-term rally for Bitcoin and other digital assets. “Whales are showing strong interest in the $48,000 to $50,000 range. News can cause volatility and leave a big impression. So it’s a likely scenario that we’re going to pump to that level and then there’s going to be a big rejection.” A trader shares…
Author: Crypto Flexs
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CommerceBlock today releases Mercury Layer, an enhanced version of its state chain variant. A detailed explanation of how the Mercury state chain works can be read here. The upgrade to Mercury Layer represents a huge improvement over the initial state chain implementation, but unlike the initial Mercury Wallet release, it is not packaged into a fully consumer-ready wallet. It is being released as a library and CLI tool for integration with other wallets. Here’s a brief summary of how it works:Statechains are inherently similar to payment channels in many ways. That is, UTXOs that are shared collectively through pre-signed transactions…
Bitget Lists Rich Rabbit (RABBIT) Token on Innovation Zone and Launchpool – Chainwire housenewsroomBitget lists Rich Rabbit (RABBIT) tokens on Innovation Zone and Launchpool. 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 networks. Technical storage or access is necessary for the legitimate…
It’s always great to hear about new grants being awarded. But what happens after the announcement? In this series, we’ll take a look at a few projects that are either well underway or have already reached the finish line. Read on to learn about our grantees’ recent milestones and achievements! Interlep For users switching to a new social media platform, one of the biggest friction points is rebuilding their reputation. InterRep aims to reduce this friction by allowing users to link their social media accounts with an Ethereum address that can be used to verify their identity on the new…
According to its official website, Getty Images recently announced the launch of iStock’s Generative AI, a significant innovation that will transform the landscape for small businesses, designers, and marketers. Unveiled at the Consumer Electronics Show (CES), this cutting-edge tool is designed to give users an affordable, legally secure, and creative way to create marketing and advertising videos. Powered by NVIDIA Picasso, a platform for custom-generated AI models, the tool is trained using high-quality content and proprietary data from Getty Images’ vast creative library. Its main function is to create content that avoids known copyright elements, giving users legal peace of…
Chicago, Illinois, January 9, 2024, Chainwire $JTC, the native token for legal recourse Bitcoin branches, will soon be listed on BitMart. The much-anticipated listing of $JTC on BitMart has been confirmed. The coin will be listed on September 1, 2001 at 10:00 AM (UTC). The announcement of the listing in early December brings the cryptocurrency industry one step closer to the same legal remedies available to mainstream finance. This listing is a significant milestone as it makes the native cryptocurrency of the JTC blockchain available on exchanges that handle billions of dollars in trading volume every day and serve customers…
Posted 1 minute ago In ~ price bitcoin BTC +6.08% As the competition for approval of spot exchange-traded funds heats up, it has surpassed a significant level. The world’s most popular cryptocurrency by market capitalization surpassed $47,000 around 2:15 PM ET. Bitcoin is currently trading at $47,109 as of 2:20 PM ET. This is an increase of 6.85% in 24 hours. According to Bitcoin price data from The Block. Bitcoin price exceeded $47,000. Source: The BlockBitcoin topped $45,000 at 8 a.m. ET this morning, correlated with $6 million in shorts, The Block previously reported. Bitcoin ETF strength confirmedThe impact of…
Solana outflows last week amounted to $5.3 million. Bitcoin accounted for a large portion of the inflows amid impending approval of a spot ETF. 2024 started off on a good note, with digital asset investment inflows hitting $151 million in the first week. However, Solana (SOL) did not contribute much to the fund despite having an impressive year in 2023. Instead, it recorded more outflows, CoinShares reports. According to AMBCrypto’s assessment of the weekly report, the Solana leak amounted to $5.3 million. There were many reasons why sentiment towards altcoins changed. But what was noteworthy was the price of Bitcoin…
There are thousands of cryptocurrencies on the market today, each with unique features and growth potential. However, one particular cryptocurrency that has been gaining attention in recent months is BetaCoin. With innovative technology and strong community support, BetaCoin is poised to become the next big thing in the cryptocurrency world. Why BetaCoin is superior There are several factors to consider when choosing which cryptocurrency to invest in. One of the main reasons BetaCoin stands out is its focus on scalability and sustainability. The BetaCoin network is designed to process large numbers of transactions quickly and efficiently, making it a practical…
As the financial world waits to see when and which Bitcoin spot ETF applications will be approved, Standard Chartered Bank on Monday released a forecast that the Bitcoin price will hit $200,000 by the end of 2025.“If ETF-related inflows materialize as expected, we believe levels closer to $200,000 by the end of 2025 are possible,” Jeffrey Kendrick, head of financial research at Standard Chartered Bank, said in a note to investors.Bitcoin ETFs are designed to track the current price of Bitcoin and follow Bitcoin’s price movements, allowing investors to gain exposure to the digital asset itself without having to purchase…