Ethereum price is struggling to climb back above $2,200 and $2,250. ETH could gain bearish momentum if there is a clear move below the $2,120 support. Ethereum is struggling to gain speed above the $2,150 resistance zone. The price is trading below $2,200 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a bearish trend line tying with resistance near $2,210. A break above the $2,210 resistance zone could push the pair higher. Ethereum Price Faces Hurdles Ethereum price attempted a new rise above the $2,200 level. However, ETH failed to gain speed…
Author: Crypto Flexs
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Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with a capacity of 390 megawatts from Generation Capital. MARA shares soared 9% after the news broke, giving it a year-to-date gain of more than 530%. Bitcoin traded above $42,000, up 2.2% last week after paring recent gains. Bitcoin mining company Marathon Digital plans to increase mining capacity and reduce BTC mining costs after completing the purchase of two Bitcoin mining sites for $179 million. Marathon will purchase the two mine sites from a subsidiary of Generate Capital at a cost of $458,000 per megawatt, which will be…
Zcash founder Zooko Wilcox has stepped down as CEO of Electric Coin Company (ECC), the company responsible for developing the privacy-focused cryptocurrency ZEC. Wilcox, who has served as president since the company’s founding in 2015, played a pivotal role in fostering the development of Zcash, which debuted in 2016. Under his leadership, Zcash emerged as a prominent privacy cryptocurrency, achieving significant transaction value shortly after launch. Released. The Rise of Josh Swihart Taking over the reins from Wilcox is Josh Swihart, who previously served as senior vice president of growth at ECC. Swihart has been a member of ECC for…
reporter Posted on: December 20, 2023 More than 49 million Blur tokens were recently unlocked. It responded by adding more than 7% in value. The unlocking of Blur tokens has continued and the latest unlock sees more tokens moving to exchanges. How have the tokens performed in response to these recent developments and which direction has shown greater dominance in exchange flows over the past few days? More Blur tokens will be unlocked. According to information from Etherscan, about 49.8 million Blur tokens worth about $23.2 million were recently unlocked. These unlocked tokens were initially transferred from a multi-signature address…
Posted 1 minute ago In ~ Debtors affiliated with cryptocurrency exchange FTX, which filed for bankruptcy protection in the United States in November last year, announced on Tuesday that they had reached a global agreement with Bahamian subsidiary FTX Digital Markets, which was undergoing separate liquidation procedures. “This agreement is a new and mutually beneficial solution to the complex cross-border legal issues raised by the FTX Group collapse situation,” the debtors said in a statement. This must be approved by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas. FTX Obligors and FTX…
BNB price gained momentum and broke above the $250 resistance line. It is showing positive signs and may bounce towards the $272 resistance zone. BNB price is rising above the $250 resistance. The price is currently trading above $250 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair (Binance data source), a breakout occurred above the main bearish trendline with resistance near $252. If there is a clear move above $258, the pair could continue to rise. BNB price gains traction again Over the past few days, BNB price has formed a base above…
The Epic Games Store has made the following changes: Content PolicyNFT card game Gods Unchained has been allowed to return to the platform, Fortnite publisher Epic Games announced Tuesday.Gods Unchained comes with other blockchain games: Striker Manager 3Before Removed from Epic Games Store That’s because it received an “Adults Only” rating from the Entertainment Software Rating Board (ESRB). Before Tuesday’s policy change, AO-rated games were not allowed on the Epic store.“Some blockchain-based games are receiving Adults Only (AO) ratings from industry rating agencies for their specific blockchain implementations,” an Epic Games representative said. decryption Via email. “We have updated our…
Bitcoin price attempted a new upward breakout above the $43,500 resistance level. BTC failed and corrected lower to test the $41,800 support area. Bitcoin is correcting gains at the $43,500 resistance zone. The price is trading above $42,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance near $42,600. A break below the $41,650 support could continue the decline for the currency pair. Bitcoin price falls again Bitcoin price rose above the $42,000 resistance zone. BTC rose to the $43,000 level but faced a…
Blockchain oracle provider Chainlink has a number of upgrades on the horizon, as revealed in a recent announcement. Moreover, its native token LINK has cooled off from its 2023 high price, but can the momentum pick up again? On December 19, Chainlink released its fourth quarter product update, which included a 2023 progress report and what to expect for the network going forward. Chainlink expands with TradFi The cryptocurrency oracle provider launched the Cross Chain Interoperability Protocol (CCIP) in July to enable seamless cross-chain transactions. This was one of the major launches of the year and we continue to expand…
Major companies in the market such as BlackRock and ARK Invest have amended their S-1 registration statements to comply with the requirements imposed by the U.S. Securities and Exchange Commission. Regarding the planned spot Bitcoin exchange-traded fund (ETF), this update includes a significant move towards a cash redemption approach. This strategic decision, symbolized by the submission of the amendment on December 18, 2023, symbolizes the acceptance of a cash generation and repurchase model beyond the spot repurchase pursued in the past. Redemption in kind typically involves a transaction that does not require a monetary exchange, such as using Bitcoin (BTC)…