Token in crisis XRP has been on a steep decline since early January and is now at risk of breaking the crucial $0.50 support level. Already down 14% in the past day to $0.51, the sell-off reflects both damaging news and increasingly bearish market technology. TLDR The price of XRP fell 14% to around $0.50 in part because hopes for a BlackRock spot XRP ETF were dashed after the company rejected its plan. Data shows that large XRP holders have been actively selling or redistributing their tokens, adding to sell-side pressure. XRP is testing support around the $0.50 level and…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage We analyze some of the most popular cryptocurrency coins on the market that have recently been listed on exchanges and featured on DEXTools. This article also provides updates on native tokens that are still in the pre-sale phase. The biggest cryptocurrency gainers on DEXTools today are Taopad, Virtual Versions, and SatoshiVM, exacerbated by the broader market downturn. These tokens show that small-cap cryptocurrencies typically dominate the top positions on a daily basis due to their lower liquidity. This makes them prone to rapid exponential profits even…
Smart contract platform Axiom has successfully secured $20 million in a Series A funding round, its official blog said. The funding round was led by prominent cryptocurrency-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone is an important step in Axiom’s mission to revolutionize the accessibility of authenticated data on blockchain networks. At the core of Axiom’s strategy is the innovative use of zero-knowledge cryptography. Unlike traditional consensus mechanisms that require all nodes to agree on the state of the data, zero-knowledge technology enables a verification mechanism that does not reveal…
Arbitrum is a leading layer 2 scaling solution built to help Ethereum achieve faster transaction speeds, lower fees, and higher throughput without compromising security or decentralization.The core of Arbitrum utilizes an optimized rollup design to batch transactions on the Ethereum mainnet while retaining the benefits of a strong security model. The Arbitrum ecosystem has two main roll-up solutions that help scale Ethereum in various ways.Public chain decisionrandom orbital chainLet’s take a closer look at both.Public chain decision:Arbitrum public chain is a universal roll-up chain that can support a variety of dApps, from DeFi to social media and gaming. The current…
join us telegram A channel to stay up to date on breaking news coverage This week, Bitcoin fell significantly from its all-time high of $49,000 to $40,000 due to concerns surrounding Mt. Gox and FTX, creating uncertainty about its future direction. Despite the surge fueled by news from CNA, which features endorsements and participation from major players like BlackRock, some analysts predict that Bitcoin could fall as low as $31,000. Bitcoin price analysis and price prediction Bitcoin price is experiencing a downward trend after experiencing a strong rejection at the psychological level of $49,000. Despite the challenges, Bitcoin successfully recovered…
Posted 1 minute ago In ~ OKX, one of the largest cryptocurrency exchanges by trading volume, announced that it will gradually discontinue mining pool services starting today.The company will stop registering new users starting January 26, while existing users will continue to be able to use the pool until February 25. All services related to OKX mining pool will be discontinued on February 26th.OKX, which rebranded from OKEx in January 2022, said the decision was made due to “business adjustments” but did not elaborate further.OKX’s pools previously supported mining several proof-of-work cryptocurrencies and providing staking services. However, many of the…
Tenkun is coming. and Ethereum will be many As a result, according to the developers, it has become cheaper. Blog post from the Ethereum Foundation yesterday Confirmed The next two phases of the long-awaited upgrade, Sepolia and Holesky testnets, are scheduled to be completed by early next month. This means that the upgrade should be live on mainnet by March. The post said, “If the upgrade of Sepolia and Holsky goes well, Dencoon is scheduled for the next Ethereum mainnet,” adding that Sepolia is scheduled to be completed on January 30th and Holsky is scheduled to be completed on testnet…
Bitcoin ETF was launched with approval from the U.S. Securities and Exchange Commission. Traders can access the platforms of asset managers such as BlackRock and Fidelity and begin their journey with BTC starting January 10, 2024. However, there are certain aspects that the community is still trying to address, including transparency, hope, and hesitation. Transparency takes center stage On-chain transparency has been prioritized since Bitcoin ETF application approval. It had to do so given concerns about market manipulation and the misuse of mechanisms to avoid illicit fund transfers across borders. Bitwise took the lead by sharing the wallet address of…
The Financial Stability Board (FSB) has published its 2024 work program, highlighting a robust approach to the regulation of crypto assets and a sharp focus on the financial impact of digital innovation. Tokenization And artificial intelligence (AI). The FSB, the international body that oversees the global financial system, has drawn up a comprehensive plan for 2024 that centers around the need to streamline the implementation of a global regulatory framework for cryptocurrency asset activities, an initiative that began taking shape last July. 2023. The framework requires cryptocurrency platforms to separate customers’ digital assets from the platforms’ own funds, ensuring a…
Algorand Foundation CEO Staci Warden’s X (formerly Twitter) account has been hacked. The foundation announced the breach and urged the community not to click on links or respond to direct messages from the account.On January 26, Warden’s X account was hacked. Posted Messages that insult the Algorand community and use racial slurs to indicate that someone else is in control of the account. Then the hacker encourage A community that sells Algorand and buys Ethereum instead.The attacker then shared the following: backhanded This is the story that supposedly took Algorand to new heights by giving Tron founder Justin Sun “complete…