Although Ethereum is a very global community, there is a vast and vibrant web of local grassroots communities within the larger ecosystem. These local community nodes are Schelling Point They serve thousands of Ethereans and are often organized around shared geography, language, or on-site gatherings. It is also a gateway for onboarding thousands of soon-to-be Ethereans through meetups, lectures, hackathons, study groups, and more. This means they are home to numerous opportunities to grow the ecosystem. As such, the Ethereum Foundation is continuously seeking ways to support and learn from local communities. To this end, EF has piloted a “local…
Author: Crypto Flexs
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Ethereum price struggled to rise above $2,600 and $2,620. ETH has pared its gains and may struggle to stay above the $2,500 support area. Ethereum attempted a fresh hike, but failed to break above $2,620. The price is trading below $2,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,540. If the bulls protect the support levels of $2,500 and $2,470, the pair will start another increase. Ethereum price revisit support Ethereum price started a new rise above the $2,520 resistance zone. ETH rose…
As a trader at Platinum Crypto Academy, I have been closely monitoring recent developments in the cryptocurrency markets, especially the impact of the newly launched spot Bitcoin exchange-traded fund (ETF) in the US. Ieast. Last week we saw inflows into cryptocurrency-related investment products soar to over $1 billion. This is an important milestone given the context of market evolution. In its latest weekly report, CoinShares revealed that total inflows into cryptocurrency products have increased significantly, reaching $1.18 billion during the period. Although impressive, this figure still falls short of the $1.5 billion recorded in October 2021, when US authorities approved…
When it comes to cryptocurrencies, Bitcoin and Ethereum tend to dominate the conversation. However, there is a new player making waves in the cryptocurrency world: FireRoosterCoin. This relatively new digital currency is quickly gaining popularity and is revolutionizing the way people think about cryptocurrencies. What is FireRoosterCoin? FireRoosterCoin, often abbreviated as FRC, is a decentralized digital currency that leverages blockchain technology to secure and verify transactions. It was created in 2018 by a team of developers who recognized the need for a more efficient and secure cryptocurrency. FRC is designed to be used for peer-to-peer (P2P) transactions, allowing individuals to…
The cryptocurrency market is witnessing a surge in the popularity of the Cosmos (ATOM) ecosystem, with many coins showing strength. Recently, a prominent cryptocurrency analyst highlighted several altcoins within this ecosystem and predicted their potential to skyrocket in the near future. Best Cosmos Ecosystem Coin Cosmos, known for its ambitions to create an interconnected blockchain network, has seen its token, ATOM, reach a significant market capitalization of $3.9 billion. This modular framework simplifies blockchain technology for developers and facilitates seamless communication across a variety of networks. A well-known cryptocurrency trader known by the pseudonym Rekt Fencer shared a list of…
As Bitcoin enters 2024, there is a sense of optimism as the confidence of long-term holders, Bitcoin’s most faithful disciples, is revived. After weathering the storm of the Terra collapse, these “diamond hands” are holding unrealized profits of 55%, a level last seen before the collapse in May. It was a completely groundbreaking shift that portrayed believers ready to ride the wave once again. Bitcoin Long-Term Profitability This newfound confidence is captured by the LTH-NUPL indicator, which measures long-term holding profitability. A return to pre-crash highs suggests that Bitcoin’s core foundations are no longer underwater, and underwater beliefs have been…
The Australian government is actively considering introducing mandatory regulations for high-risk AI development. The move follows growing public concerns about the safety and ethical implications of rapidly advancing AI technology and calls from publishers for fair compensation for premium content used in AI training. The government’s approach is structured around five principles: using a risk-based framework, avoiding undue burden, public participation, consistency with the Bletchley Declaration and prioritizing people and communities in regulatory development. Concerns addressed include inaccuracy in AI model input and output, biased training data, lack of transparency, and potential for discriminatory output. Current initiatives to address AI-related…
In a legal battle that could set a precedent for the cryptocurrency world, Joseph Bankman and Barbara Fried, parents of FTX founder Sam Bankman-Fried, have asked a U.S. bankruptcy judge to dismiss a lawsuit filed against them by bankrupt cryptocurrency exchange FTX. . The lawsuit, filed in September 2023, accuses Bankman and Fried of enriching themselves at the expense of FTX’s debtors. FTX claims the couple took advantage of their access and influence within the FTX empire, but Bankman and Fried deny these claims and claim their relationship with their son makes them legally unsuitable. Claims and Counterclaims FTX’s lawsuit…
In a series of tweets on Wednesday, global investment firm Franklin Templeton weighed in on the merits of layer-1 blockchains Solana and Ethereum, leading to speculation about the investment giant’s next move. It continued. We took back the reins. Thank you to the DA research team for today’s thread. follow us @FTI_DA Stay tuned for further updates from our Digital Asset team. https://t.co/D7Lgt0A0nU — Franklin Templeton (@FTI_US) January 17, 2024Franklin Templeton, one of the world’s largest wealth management firms, manages more than $1.4 trillion in assets.“We believe that as the fees and performance of blockchain improve, the potential use cases…
Bitcoin price is still struggling below the $43,250 resistance zone. If BTC stays below $43,500 for long, there is more downside risk. Bitcoin price is still trading in the $41,500 range. The price is trading below $43,250 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break occurred below the main ascending channel with support around $42,880. The pair now faces further downside risk below the $41,500 support. Bitcoin price turns red Bitcoin price began a consolidation phase in the $41,500 area. BTC recovered a few points, but bearers remained…