Ethereum price is taking gains from the $2,320 resistance zone. ETH is trending lower and may test $2,050 before the bulls take a stance. Ethereum is consolidating gains below the $2,250 support zone. The price is trading below $2,240 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows two bearish trend lines forming, with resistance near $2,230 and $2,260. The decline could extend and revisit the $2,050 support zone. Losses widen due to Ethereum price Ethereum price began a downward correction at the $2,325 level. ETH fell below the $2,300 and $2,265 levels.…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Michael Wrubel provided insight into the new AI token, currently in pre-sale, showing how it provides traders with the essential tools they need to improve the quality of their trades. With the pre-sale of Launchpad Launchpad XYZ’s resilient trading infrastructure for a reliable experience Navigating the notoriously volatile cryptocurrency markets presents a dual appeal and challenge for investors. Within this dynamic field, emerging projects like Launchpad XYZ aim to simplify the complexity of the Web3 space. In recent months, Launchpad Acting as an all-encompassing platform, Launchpad…
Eddie Yue, CEO of the Hong Kong Monetary Authority, said today that the cryptocurrency market is “not yet mature” and will continue to develop. “This allows stablecoins to become an interface between traditional finance and virtual asset markets,” Yue said. name. “In a scenario where stablecoins become one of the preferred payment options for the general public, we should reasonably expect further integration between the digital payments ecosystem and the real economy, and whether stablecoins are actually ‘stable’ will become even more important. It will. ”Yue’s remarks were jointly announced by the HKMA, Hong Kong’s de facto central bank, and…
Tether, the largest stablecoin operator, made headlines on Christmas Day by issuing 1 billion USDT (Tether) on the Ethereum blockchain. This movement is explained as follows. Paolo Ardoino, Tether’s CTO and new CEO, is part of what the company calls a restocking of “licensed but unissued.” This means that the tokens are ready for future issuance requests and chain swaps, but are not yet in circulation.. In traditional finance, inventory replenishment involves stocking goods in anticipation of future demand and preventing stockouts and surplus inventory. Tether adopts this approach by creating new USDT tokens, which are stored as reserves in…
Tron has remained at the top of blockchains in terms of daily active addresses. TRX fell more than 3% and most market indicators were weak. 2023 was pretty good Tron (TRX) In terms of adoption and use of blockchain. TRX has not only surpassed major competitors such as BNB Chain (BNB) and Bitcoin (BTC), but has also consistently maintained its top spot over the past few months. Tron’s performance in 2023 is diverse. AMBCrypto checked data from token terminals and found that Tron continues to top the list of cryptocurrencies by daily active addresses. At press time, TRX had 1.4…
The recent rise in value of PancakeSwap has caught the attention of the cryptocurrency community. The token in question, CAKE, has surged a whopping 54% over the past seven days. With a robust market capitalization of nearly $900 million and an impressive fully diluted valuation of $1.3 billion, PancakeSwap has solidified its position as a significant player in the decentralized finance (DeFi) space. Strategic Token Burn Drives PanCakeSwap Rise One of the key strategies that has contributed to PancakeSwap’s success lies in its proactive approach to token supply management. In a strategic move to increase scarcity and create a more…
Grayscale Investments, a leading cryptocurrency custodian, has announced the resignation of Barry Silbert from its Board of Directors. Silbert, known as the founder and CEO of Grayscale’s parent company, Digital Currency Group (DCG), has officially stepped down effective January 1, 2024. The move comes as the cryptocurrency industry is going through difficult times, especially following the market downturn in 2022. . Grayscale Investments has been at the forefront of advocating for the conversion of the world’s largest Bitcoin trust into an exchange-traded fund (ETF). The company’s ambitions to gain US approval for this transition add important context to the board…
SOL co-founder Anatoly Yakovenko Recently, he emphasized the relationship between Solana and Ethereum by saying, “Solana is Ethereum.” The claim came in a post that revealed more about the future. Blockchain Interoperability and Solana’s It plays a role in all of that. Why “Solana is Ethereum” in post Yakovenko elaborated on his “Solana is Ethereum” comment on his With this, Yakovenko raised the following possibility. Solana and Ethereum Even if they operate different protocols and consensus mechanisms, they are interoperable. The co-founder added that this will become more feasible “as danksharding expands” because SOL blocks can be submitted to “Ethereum’s…
Binance Coin (BNB) has surged from around $264 to over $288 in the past 24 hours, an increase of 9%, according to data from Coingecko. Binance’s flagship cryptocurrency began showing an upward trend in mid-December after a bearish month. As of press time, BNB’s market capitalization is $42.41 billion, ranking fourth. Binance Coin is in the spotlight again, with its price surging 9% in the last 24 hours. BNB remains under pressure, but investors seem to be flocking to the token amid a broad rally across cryptocurrencies. BNB was previously one of the third largest altcoins, behind Ethereum (ETH) and…
Thunder Terminal, an on-chain trading platform, recently faced a serious security incident when it admitted that a third-party compromise resulted in a $240,000 exploit across 114 wallets. Despite Thunder’s assurances that user funds are now safe, the hackers responsible dispute this claim, claiming it is “all lies” and demanding an additional ransom for user data.In an incident report published on December 27, Thunder Terminal stated that the exploit resulted in a total loss of 86.5 Ether and 439 Solana in a short 9 minutes. Attackers exploited Thunder’s data breach, which occurred eight days before MongoDB was targeted, to gain unauthorized…