Despite not rallying as hard as other altcoins in the cryptocurrency market, Dogecoin is still gaining traction among retail investors. These retail investors have placed large buy orders on the open markets, which has undone the selling pressure of the past few days. Dogecoin buy orders outpace sell orders. In an interesting turn of events, Dogecoin buyers are becoming the dominant players in meme coins. This shift in dominance is evidenced by order book data from top exchanges, which show very large buying walls compared to sellers. IntoTheBlock’s Exchange-Onchain Market Depth page shows that there are far more Dogecoin bidders…
Author: Crypto Flexs
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=none; Ethereum infrastructure developer Foundation has unveiled its latest innovation, a proprietary Type-1 zero-knowledge Ethereum virtual machine (zkEVM) powered by zkLLVM, an automatic circuit compiler, the company said in a statement on December 12. CryptoSlate.The foundation said the released zkEVM technology underpins its innovation =nil;, a zkRollup solution designed to significantly improve Ethereum’s scalability to over 60,000 transactions per second (TPS) through zkSharding.The cutting-edge zkEVM also powers =nil;’s zkRollup function on the Ethereum mainnet, promising improved security while maintaining full compatibility with blockchain networks.=nil;’s automated circuit compiler, zkLLVM, stands out in that it can compile advanced code like C++ or…
Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act has received support from five additional senators, signaling growing support for legislation targeting the illicit use of cryptocurrencies. indicates. Senators Raphael Warnock, Laphonza Butler, Chris Van Hollen, John Hickenlooper, and Ben Ray Luján joined as co-sponsors of the bill, strengthening bipartisan efforts to crack down on money laundering and terrorist financing through cryptocurrency assets.In a December 11 announcement, Senator Warren expressed satisfaction that new senators have joined the cause and emphasized the bill’s strong approach to combating the illicit use of cryptocurrencies. The bill, introduced back in July, aims to provide regulators…
Former US President Donald Trump has opened his third non-fungible token (NFT) drop center on the subject of ongoing criminal prosecutions.According to the December 12th presentationCalled “MugShot,” this trading card can be purchased via credit card or Wrapped Ether (wETH) and is non-transferable until December 31, 2024. Users must provide know-your-customer (KYC) information to purchase NFTs. The same applies if you choose to pay with cryptocurrency. Explaining the rationale behind the collection, the developers wrote:”On Thursday, August 24, 2023, President Trump was officially arrested in Fulton County, Georgia. This is a moment in history: the first mugshot of an American…
AVAX, the native token of the Avalanche ecosystem, surprised the market with double-digit gains amidst shortcomings in the broader cryptocurrency space. The AVAX token broke the $40 barrier on December 12, reaching an intraday high of $43. At the time of publication, the layer 1 token was trading at $38, up 12% in the last 24 hours and 123% in the last 30 days.AVAX market cap soars 341% in two monthsThe recent rally has further increased the Avalanche’s total market value from $3.25 billion when the recovery began in mid-October to its current valuation of $14.35 billion. This is an…
Market Outlook #249 (11th December 2023) Hello, and welcome to the 249th instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Polygon, Uniswap, Optimism, Alchemix, Altered State Machine and Raini. As ever, if you have any requests for next week, send them across. Bitcoin: Weekly: Daily: Price: Market Cap: Thoughts: If we begin by looking at BTC/USD, on the weekly timeframe we can see that last week closed at fresh yearly highs, through $42k resistance on growing volume. Price closed out the week just shy of $44k and early trading this week has seen price…
On-chain data shows an increasing trend of Bitcoin moving to exchanges, which is a classic bearish sign, but another signal remains bullish. Although Bitcoin exchange inflows increased, USDT deposits also increased. According to data from on-chain analytics firm st tly, Recently, BTC has been flowing into exchanges. The relevant metric here is “exchange supply,” which tracks the percentage of the total circulating supply of a cryptocurrency that is currently in wallets on all centralized exchanges. A rising value of this metric means investors are net depositing assets into the platform, while a falling value means outflows are occurring. The impact…
A few weeks ago in October, much of the Ethereum community came together in South America as we reunited for Devcon VI in Bogotá, Colombia! Today we want to say Thank You(!) to every attendee, volunteer, and contributor that made Devcon VI a success. In this blog post, we will recap the highlights of an incredibly fun event, and reminisce about Community Hubs, the Road to Devcon, insightful talks and panels, beautifully designed presenter rooms, and much more. Watch the Recap Video to refresh your memory and enjoy the Devcon VI vibe! What Devcon is all about For those that…
Cryptocurrency analyst Egrag It provided insight into the current market situation of XRP price from a technical analysis perspective. He highlighted the significant level of support for crypto tokens and also reaffirmed his optimistic predictions For XRP When Bull Run Returns. XRP could rise to $2 from this support level. in post Egrag noted on his X (formerly Twitter) platform that XRP could rise to $2 if it reaches the $1.2 support level. He shared the attached chart to support his claim. On the chart, he noted that it is “interesting” that XRP has yet to close a monthly candle…
On-chain data shows an increasing trend of Bitcoin moving to exchanges, which is a classic bearish sign, but another signal remains bullish. Although Bitcoin exchange inflows increased, USDT deposits also increased. According to data from on-chain analytics firm st tly, Recently, BTC has been flowing into exchanges. The relevant metric here is “exchange supply,” which tracks the percentage of the total circulating supply of a cryptocurrency that is currently in wallets on all centralized exchanges.advertising A rising value of this metric means investors are net depositing assets into the platform, while a falling value means outflows are occurring.…