JPMorgan analysts maintain an overall cautious stance on the cryptocurrency market, predicting that Ethereum (ETH) will outperform Bitcoin (BTC) and other digital currencies in market price performance by 2024. This optimistic outlook for Ethereum reflects a unique perspective within the institution, with analysts seeing unique potential and favorable prospects for Ethereum compared to other digital assets, even amid an overall cautious sentiment toward the broader cryptocurrency landscape. It suggests.advertising In a note published on Wednesday, a team of analysts led by Nikolaos Panigirtzoglou conveyed their expectations that Ethereum (ETH) will regain its prominence and regain market share within…
Author: Crypto Flexs
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Coinbase, one of the most popular US-based cryptocurrency exchanges, has announced a significant expansion of its service offerings. It is also important to note that this expansion targets institutional investors outside the United States. Because they now have access to spot cryptocurrency trading services on Coinbase International Exchange. Initially launched on December 14, 2023, the service will allow users to exchange Bitcoin (BTC) and Ethereum (ETH) to USD Coin (USDC). As a strategic response to the ever-changing and unclear regulatory environment in the United States, Coinbase decided to create a spot market outside the United States. Many asset issuers and…
Ethereum (ETH)-based gaming altcoins surged after cryptocurrency whales suddenly moved massive amounts of project tokens off exchanges, according to on-chain data. like reported ImmutableX (IMX), a layer 2 scaling solution from blockchain tracking company Lookonchain, rose 20% as cryptocurrency whales made big moves. “IMX price went up 20% today. We confirmed that three wallets (possibly belonging to the same whale) withdrew 4.3 million IMX ($9.6 million) from Binance (Monday). This whale has six associated wallets and currently holds a total of 40.54 million IMX ($90.8 million).” Source: Lookonchain/X IMX is trading at $1.98 at the time of this writing, down…
Solana started a new hike by holding above the $65 support level. SOL price is likely to take more profits above the $75 and $80 resistance levels. SOL price started a new rally above the $68 resistance line before breaking down against the US dollar. The price is currently trading above $68 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a major bullish trend line forming with support near $65.50 (data source from Kraken). The pair is up almost 10% and may rise further above the $75 resistance zone. Solana price…
Monster NFT characters in P2P (Play-to-Earn) games axi infiniti They could soon be getting an upgrade thanks to a major update that brings “stage 2” evolutions to all Axie monsters. Details were shared exclusively by the game’s developers at Sky Mavis. decryption.Over 250 different Axie “parts” can be evolved into any Axie. NFT Starting December 14th, your character’s combat power and aesthetic appearance will be upgraded.“We’re turning Axies into a digital collectible that evolves as you play,” said Jeffrey “Jiho” Zirlin, co-founder of Sky Mavis. decryption In an interview. “This is really something that has been at the heart of…
Posted 1 minute ago In ~ Dynamic Labs said Wednesday it has secured $13.5 million in a Series A funding round led by a16z cryptocurrency.According to the web3 company, the funds are being focused on introducing a new suite of non-custodial wallet tools. The new feature will help wallet developers “abstract the complexity of cryptocurrencies,” the company announced on Wednesday.“We are excited to announce our $13.5 million Series A, led by a16z Cryptocurrency and joined by Founders Fund, Castle Island Ventures, Breyer Capital, Alchemy’s Nikil Viswanathan Joe Lau, and others. This funding will accelerate this incredible backing work. It will…
The collaboration not only supports traditional fundraising methods, but also adapts to the changing digital ecosystem, governance issues, and the evolving nature of nonprofit sector fundraising. Crypto.com, a Singapore-based digital asset trading platform that recently received regulatory approval in the UK, has signed memorandums of understanding (MOUs) with six major charities in Singapore, just in time for the season of giving. Cryptocurrency donation. Crypto.com Empowers Charities Through Digital Transformation The six charities participating in this groundbreaking partnership are CARE Singapore, Cycling Without Age Singapore, Dementia Singapore, Limitless, MINDS and The Salvation Army Singapore. The purpose of this collaboration is to…
Cryptocurrency wallet Conio has announced a partnership with cryptocurrency exchange Coinbase to offer a wide range of digital assets to banks and financial institutions in Italy. Conio, an Italian cryptocurrency wallet company partially owned by Poste Italiane and Banca Generali, has entered into a partnership with Coinbase to provide digital assets to domestic banks and financial institutions. The cryptocurrency wallet, which has over 400,000 customers, has teamed up with Coinbase Prime to provide liquidity to institutions handling digital assets. We plan to expand wallet support for up to 50 tokens by the end of 2023. Conio strengthens its position in…
Web3 gaming company Immutable will cut gas fee payments to gamers entirely when its proprietary zero-knowledge proof-based (ZK Proof) scaling platform launches in early 2024.Immutable zkEVM provides technology that allows blockchain-based game developers to remove transaction fees from end users, which is touted to provide a “frictionless onboarding” experience for gamers.Web3 games built on blockchain protocols typically require gamers to pay a gas fee, which is paid to network validators for processing transactions. Before the advent of layer 2 scaling protocols, Ethereum-based decentralized applications (DApps) and services relied solely on pre-merge validators and miners to handle smart contract operations and…
The development of World ID 2.0 represents a major step forward in the area of decentralized identity verification. According to the official blog, World Coin, a prominent company in the blockchain technology industry, has made this leap. Shopify, Minecraft, Mercado Libre, Reddit, and Telegram are just some of the major digital sites that will be seamlessly integrated through this groundbreaking upgrade, released on December 12, 2023. The primary goal of integrating World ID 2.0 with these platforms is to provide users with the ability to simply prove their validity within various digital ecosystems. This new innovation represents a significant step…