Bitcoin price extended its decline below the $40,000 support zone. BTC is consolidating losses and risks further downside below $38,500. Bitcoin price is gaining bearish momentum below the $40,500 area. The price is trading below $40,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance near $40,850. The pair may correct above $40,000, but the bears may remain active near $40,500. Bitcoin price took a hit. Bitcoin price remained bearish below the $42,000 support. BTC bears gained strength and were able to push the…
Author: Crypto Flexs
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XRP price is consolidating above the $0.520 support. The price may gain bearish momentum if it does not break above $0.550 and $0.570. XRP is showing bearish signals below the $0.550 and $0.570 resistance levels. The price is currently trading below $0.5420 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.540 (data source from Kraken). A break above the $0.540 and $0.550 resistance levels will initiate a new rise for the pair. XRP price target recovery After a significant recovery, the XRP price…
Cosmos community members voted against Proposition 868. More than 2/3 brings a major change to the network’s economic policy by reducing the minimum inflation parameter from 7% to 0%. atom -5.00% Supply was tied to the network. However, this proposal failed to gain support.Proposal 868, introduced by Cosmos contributor Stakelab, is intended to alleviate inflationary pressures on ATOM tokens, especially in scenarios where a significant portion of the coins are deposited.Despite the potential benefits highlighted by proponents, such as lowering the inflation rate if the total bonded tokens rise, concerns have been raised about lowering the inflation rate to zero,…
What began as a single transaction from Satoshi to Hal Finney has evolved into a complex system of industrial-scale miners, evolving meta-protocols like the Lightning Network and Fedimint, and fully embracing institutional investors with a record influx of new acceptances. Spot ETF. Bitcoin has come a long way dramatically, and that has created a certain sense of optimism for those who have invested the time, money, and energy into it. Unfortunately, this optimism and the sense of “inevitability” I wrote about previously has contributed to creating a culture of complacency. This is characterized by a narrative that early Bitcoin protocol…
Alameda Research Ltd., an affiliate of now-bankrupt cryptocurrency exchange FTX, has voluntarily withdrawn its lawsuit against Grayscale Investments. This development comes amid significant outflows after Grayscale’s Bitcoin Trust (GBTC) was converted to an exchange-traded fund (ETF). The lawsuit, which began in March 2023, accuses Grayscale of extracting more than $1.3 billion in excessive management fees, violating trust agreements, and denying investors redemption rights for its Bitcoin and Ethereum trusts. Alameda Research aimed to create shareholder value of more than $9 billion and recover significant assets for FTX’s debtors and creditors. Grayscale, led by CEO Michael Sonnenshein and under Barry Silbert’s…
“A rebound in the Chinese economy will have profound implications for the global economy, and any stimulus or easing policies will be an encouraging sign for investors. “Cryptocurrency markets see these policies as risky, so they will be more willing to innovate and be proactive in expanding the market,” said Greta Yuan, head of research at VDX, a regulated exchange in Hong Kong.
Cryptocurrencies have taken the world by storm in recent years, revolutionizing the way we think about money and transactions. One cryptocurrency that is making waves in the industry is LightSpeedCoin. With innovative technology and a focus on security and speed, LightSpeedCoin is poised to become the future of digital transactions. In this article, we will look at the benefits of using LightSpeedCoin and how it will change the landscape of digital currencies. What is LightSpeedCoin? LightSpeedCoin is a decentralized cryptocurrency that utilizes blockchain technology to secure and verify transactions. Built on a peer-to-peer network, it allows you to transfer funds…
XRP price is consolidating above the $0.520 support. The price may gain bearish momentum if it does not break above $0.550 and $0.570. XRP is showing bearish signals below the $0.550 and $0.570 resistance levels. The price is currently trading below $0.5420 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.540 (data source from Kraken). A break above the $0.540 and $0.550 resistance levels will initiate a new rise for the pair. XRP price target recovery After a significant recovery, the XRP price…
Palo Alto, USA, January 23, 2024, Chainwire The first Sui ecosystem event will take place in Paris on April 10-11, 2024. Today, the Sui Foundation and Mysten Labs announced Sui Basecamp, the first global conference dedicated to the Sui ecosystem, bringing together developers and entrepreneurs building on Sui, a layer 1 blockchain and smart contract platform with technical teams as early contributors. Congratulations. It comes from Diem, Meta’s blockchain project. Sui Basecamp, the premier event for the wider web3 ecosystem, will take place in Paris on Wednesday 10 April and Thursday 11 April 2024, bringing together builders and partners from…
introductionThe question of whether trading is just a form of gambling is gaining traction, especially in the realm of cryptocurrencies and their investments. This discussion explores the similarities between cryptocurrency investing and casino gaming.Similarities Between Cryptocurrency Trading and GamblingThere are compelling arguments to suggest that cryptocurrency trading is similar to gambling. The inherent unpredictability of cryptocurrency markets introduces an element of risk and uncertainty reminiscent of the dynamics of gambling. External factors such as news and rumors can have a significant impact on cryptocurrency prices, creating scenarios similar to gambling outcomes.What sets it apart: analytics and strategyIt is important to…