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…
Author: Crypto Flexs
Read More
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…
BNB Smart Chain (BSC) saw its financial losses from security incidents in 2023 drop significantly by 85% compared to $1.1 billion the previous year. Total reported losses were over $161 million, indicating significant improvements in blockchain security. This notable loss reduction can be attributed to a number of strategic security measures implemented by the BNB Chain Core development team, including AvengerDAO’s proactive warning system, which has been instrumental in preempting fraud and hacks. In 2023, AvengerDAO issued numerous alerts, including approximately 3,500 red alert notifications and 330 warning tweets, significantly reducing the impact of potential security threats. Despite the decline…
The cryptocurrency market has recently experienced a downturn, with gaming tokens declining significantly as the value of Bitcoin approached $40,000. Cryptocurrency markets fell on Monday, particularly affecting gaming tokens. Gaming token prices have fallen further as Bitcoin (BTC) approaches $40,000, according to CoinGecko. Immutable’s IMX token fell 8% to $1.80, with Beam (BEAM) and Gala Games (GALA) down about 7%. Axie Infinity’s AXS governance token fell more than 6%, while its in-game SLP rewards token fell 7%. The only token that has not experienced a decline is Ronin (RON), which rose 34% in the past week to reach a price…
Rocket Pool Advocate warned A bug in Geth, the leading Ethereum verification client, could have potentially fatal consequences. Analysts are particularly concerned that over-reliance on clients from top protocols such as Lido Finance poses serious centralization risks that could have a “negative impact on trust and stability.” Ethereum’s Over-Reliance on Geth Is Very Risky Geth is one of the best and first clients of Ethereum. Through this validator client, node operators can process and update the blockchain to ensure that all transactions are valid. An important thing to note is that Geth and similar clients have played an important role…
Coinbase said the U.S. Treasury’s proposed rulemaking on cryptocurrency commingling fails to adequately address regulatory gaps while requiring unnecessary amounts of data and resources from cryptocurrency platforms.in comment In a filing Monday with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), Coinbase proposed that regulated cryptocurrency platforms are already required to implement record-keeping and reporting rules for suspicious activity and illicit cryptocurrency commingling. Coinbase said the proposed requirement for cryptocurrency platforms to report all cryptocurrency commingling activity, including for legitimate purposes, is not an efficient use of the company’s resources. Also problematic was the lack of financial standards for record…
The Bitstrike Casino burst onto the scene in 2023 as a new crypto-focused online gambling site with a modern look and feel. Catering exclusively to cryptocurrency users, Bitstrike stands out for its large games portfolio, extremely high withdrawal limits, and generous opening bonus. With a slick, easy-to-use interface available in over 20 languages, Bitstrike makes it simple for players worldwide to enjoy slots, table games, live dealer options and more. Bitstrike has made a strong entrance into the competitive crypto casino landscape by focusing on player rewards and offering one of the highest caps on payouts. Let’s dive deep into…
Bitcoin price is currently near $40,480 after falling 3% over the past 24 hours. BTC is facing pressure as the GBTC outflow causes Grayscale to sell more Bitcoin. Bitcoin (BTC) price suffered another sell-off on Monday, with the cryptocurrency falling more than 3% to remain just above the key $40,400 level. With BTC falling today, the global cryptocurrency market cap has also fallen by about 4% over the past 24 hours to $1.65 trillion. This outlook is one of the broader altcoin weaknesses. The price of Ether fell below $2,400, Solana fell below $87, and XRP fell to $0.52. Injective,…
A widely respected cryptocurrency analyst has predicted a correction in smart contract platform Solana (SOL) and decentralized finance (DeFi) tokens, saying one of the top 10 altcoins looks stronger than its rivals. Pseudonym: Cryptocurrency Strategist Altcoin Sherpa says Social media platform X’s 205,800 followers believe that BNB, the native asset of DeFi protocol Binance Smart Chain, will witness higher prices this year. The cryptocurrency strategist is bullish on BNB for the long term, but with the price level being in the 0.50 Fibonacci retracement zone, he believes there will be an opportunity for traders to accumulate around $270. “BNB overall…