Is Bitcoin dominance reaching its peak? Analysts Predict Altcoin Acquisitions in Current Cycle.Bitcoin is struggling despite the approval of a spot BTC ETF in the US. As the price of Ethereum soars to all-time highs, there is speculation about Bitcoin’s dominance in the cryptocurrency market. Based on historical evidence, analyst Michael van de Poppe believes Bitcoin dominance is nearing its peak and predicts that altcoins will begin to perform better once Bitcoin bottoms. The Bitcoin dominance indicator is 51.11% and the price is $41,706. Another analyst known as Hedgex also expects altcoins to perform well and believes Ethereum could lead…
Author: Crypto Flexs
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introduction:In the rapidly growing world of cryptocurrency, protecting your digital assets is of utmost importance. As a cryptocurrency investor, the security of your cryptocurrency assets should always be at the top of your priority list. Especially as malicious actors continue to target unsuspecting investors. Protecting your investment starts with understanding how to properly store your cryptocurrency and choosing the optimal solution for your needs. This comprehensive guide provides detailed steps and best practices to help you protect your digital assets.We’ll walk you through the different wallet options, explain security features, pros and cons, and help you decide which solution is…
The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox, Subscribe now. This week’s topicA colossal SEC failure.Bitcoin ETF MultiplesGerman economic updateTaiwan Elections and China’s ResponseThe SEC’s 2FA failureBitcoin is a great teacher. Many of us have studied and followed Bitcoin over the years and learned a lot about not only money, but also about life. Once again, Bitcoin provides a teachable moment regarding the SEC’s hack of the X/Twitter accounts. First, even if…
Posted 1 minute ago In ~ MetaMask, a popular cryptocurrency wallet application, has partnered with Consensys Stake to run an Ethereum validator node on behalf of users looking to stake at least 32 ETH, currently worth about $80,000.Following the switch from a proof-of-work network to a proof-of-stake network in September 2022, known as ‘The Merge’, Ethereum’s network is now secured by such validators. Many staking providers allow users to pool smaller amounts of funds together to meet the 32 Ethereum requirement to run one validator and split the rewards. However, MetaMask’s new staking service promises no pooling or hardware or…
T’was the day before genesis, when all was prepared, geth was in sync, my beacon node paired. Firewalls configured, VLANs galore, hours of preparation meant nothing ignored. Then all at once everything went awry, the SSD in my system decided to die. My configs were gone, chain data was history, nothing to do but trust in next day delivery. I found myself designing backups and redundancies. Complicated systems consumed my fantasies. Thinking further I came to realise: worrying about these kinds of failures was quite unwise. event The beacon chain has several mechanisms to incentivize validator behavior, all of which…
What is IXcoin? IXcoin is a decentralized digital currency that aims to provide a secure and efficient way to transfer value over the internet. IXcoin uses a peer-to-peer network to facilitate transactions without the need for a central authority such as a bank or government. It is based on the Bitcoin protocol, but has some key differences that make it stand out in the cryptocurrency space. Main features of IXcoin Proof-of-Work (PoW) Algorithm: IXcoin uses a PoW algorithm, similar to Bitcoin, to secure the network and verify transactions. Scrypt mining: Unlike Bitcoin’s SHA-256 algorithm, IXcoin uses the Scrypt algorithm for…
As 11 spot Bitcoin ETFs began trading on the U.S. stock market, the cryptocurrency market experienced significant volatility, with the price of Bitcoin (BTC) rising above $49,000 before quickly retreating to previous levels. Despite the SEC’s recognition controversy, the altcoin market followed Bitcoin’s initial instability but has since stabilized. In this dynamic area, altcoins such as Arbitrum (ARB), Sei (SEI), and Optimism (OP) are gaining attention as potential ‘Solana killers’ and are expected to potentially deliver gains of over 300% to their holders. Ride the wave of innovation with ScapesMania With the ScapesMania pre-sale nearing completion in February, the team…
Crypto whales are buying a correction in digital asset markets, according to blockchain tracking firm Lookonchain. Lookonchain says that as the price of Ethereum fell, “smart whales” with a solid track record of profitable trades bought the dip above 3,600 ETH. “After the price of ETH fell (on Friday), this smart whale bought back 3,600 ETH ($8.9 million) at a lower price… These whales are very good at buying ETH at low prices and selling ETH at high prices. Current revenue is ~$25.8 million!” source: LookOnChain/X As of this writing, ETH is trading at $2,470. Lookonchain also spotted a whale…
Kelexo (KLXO) aims to eliminate the traditional problems associated with borrowing or lending money. Because it is web3-based, it is decentralized and offers instant payouts on loans and low transaction fees. In the pre-sale, Kelexo attracted investors including Solana and meme coin holders. Solana is falling In December, Jito (JTO), Dogwifhat (WIF), and Bonk (BONK) airdrops supported ecosystem tokens, but not Solana. From January 17th to 18th, BONK and JTO fell 15% and 19%, respectively. Solana also fell 9% on January 18, hitting a low of $91.40. SOL’s market capitalization is 50% below its November 2021 peak. Bonk’s hype is…
Justin Sun, founder of the Tron blockchain, has recently made significant headlines in the cryptocurrency world for his activities on the Binance exchange. Sun from December 18, 2023 withdrawn Binance has brought a total of $60 million worth of various cryptocurrencies to the attention of the cryptocurrency community, sparking considerable speculation about their impact on the market. The assets withdrawn include various cryptocurrencies, including 17,433 units of Ethereum (ETH) worth about $43 million, 68,999 AAVE tokens worth about $6.7 million, and 656.4 billion Shiba Inu (SHIB) tokens worth about $6.3 million. . Additionally, withdrawals included 61,249 Chainlink (LINK) tokens ($957,000),…