Bitcoin (BTC) is at a “make-or-break moment” as it faces a showdown with key support, a new study warns.ARK Invest, an American investment management firm, said in its latest monthly report that the key BTC price levels are currently $52,000 and $46,000.BTC price holds “most important” floor level.According to ARK Invest, Bitcoin has not bounced back much since its nearly 9% drop in August, and there is plenty to worry about in the bull market.BTC/USD is no longer following the classic bullish support levels in the form of the 200-day moving average and the short-term cost of holding (USD 63,693…
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Market • September 13, 2024 4:28 AM EDT Posted 936 hours ago ~ in Updated: September 13, 2024 4:35 AM EDT Episode 1 of The Crypto Beat was recorded with: Block’s Editor-in-Chief Tim Copeland, Fisher8 Capital Founder and CIO Hedgedhog, GSR Co-CEO and Co-Founder Rich Rosenblum, FalconX Head of Research David Rowant, and Split Capital Founder and CIO Zahir Evtikhar.Listen below and subscribe to The Crypto Beat. youtube, apologize, SpotifyTwitch Or wherever you listen to podcasts. Please send feedback and correction requests to: (email protected)Tim Copeland, editor-in-chief of The Block, discusses the recent sell-off in both crypto and traditional markets…
PEPE has returned +400% YTD, significantly outperforming SHIB’s 24% and DOGE’s 10%. As market sentiment improves, PEPE appears well positioned to outperform DOGE and SHIB. Mimecoin It dominated the cryptocurrency market and was the best performer in the first half of 2024. The impressive first half performance attracted more Mimecoin investors seeking similar windfalls. But what happened to them, especially as the market expected a general rebound in Q4? This report evaluates how investors benefit. Dogecoin (DOGE), Shiba Inu (SHIB)and PEPPER compare. DOGE vs. SHIB vs. PEPE Profits Source: DOGE vs. SHIB vs PEPE Performance (TradingView) On a YTD (YTD)…
Key highlights: Elon Musk made a subtle reference to Dogecoin in a social media post about his fictional “Department of Government Efficiency” (DOGE). Dogecoin price rose by about 4% following Musk’s post. The cryptocurrency is showing bullish momentum, up 6.76% since the start of the week. Analysts have identified a potential bullish “falling wedge” pattern on the DOGE price chart. If the pattern continues, Dogecoin could potentially reach $0.15, a 50% increase from current levels. Dogecoin, a cryptocurrency inspired by a popular meme, has seen its price soar after tech billionaire Elon Musk made a subtle reference to it on…
U.S. spot bitcoin exchange-traded funds (ETFs) recorded net inflows of $39.02 million on Thursday, following negative inflows the previous day.According to SoSoValue dataThe largest net inflow came from Ark and 21Shares’ ARKB, which brought in $18.34 million into the fund yesterday. Fidelity’s FBTC recorded net inflows of $11.47 million, while Grayscale’s Bitcoin Mini Trust attracted $5.18 million. VanEck’s HODL saw net inflows of $4.95 million, Franklin Templeton’s Bitcoin fund saw inflows of $3.38 million, and Bitwise’s BITB also saw net inflows of $2.22 million.Grayscale’s GBTC was the only spot Bitcoin ETF to see outflows, with 6.51 million out of the…
Ethereum co-founder Vitalik Buterin has dramatically increased his activity on X, posting more on it in the past month than he did in the previous 18 months after being criticized for abandoning the platform. As trader and economist Alex Kruger pointed out in a September 12 post on X, Buterin posted or responded at least 158 times throughout August on topics related to ether (ETH), the Ethereum blockchain, and other topics.By comparison, he posted 44 times from January to July, and only 13 times in all of 2023.Buterin wrote in an August 20 X post that he was told to…
A newly introduced bill aims to create a joint committee of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission to study digital assets.Rep. John Rose, a member of the House Financial Services Committee, introduced legislation on Thursday called the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets, or “BRIDGE” Digital Assets Act. Fox Business reporter Eleanor Terrett previously said: Reported news. “The current coercive and regulatory enforcement approach is not working and instead is driving investment in this key innovation from overseas.””The Tennessee Republican congressman said in a statement:The Joint Advisory Committee on…
A prominent LUNC chain validator has put forward two proposals to burn LUNC and USTC. The original token issuer, TerraForm Labs, has been ordered by the SEC to seize the business. LUNC validators will closely examine the affiliate protocol wallets to find the lump sum. TerraForm Labs has agreed to wind down its operations as soon as possible in order to qualify for Chapter 11 bankruptcy protection in the United States. Terra Luna Classic (LUNC) is at a critical juncture as investors who suffered losses from Terra Luna’s system crash in May 2022 are filling their cryptocurrency claims.The biggest fire…
Louisa Crawford September 13, 2024 04:25 Flowcarbon has refunded investors after its planned Goddess Nature token launch failed due to market difficulties and regulatory resistance. Flowcarbon, a blockchain-based carbon credit platform co-founded by former WeWork CEO Adam Neumann, has started refunding investors following the failure of its anticipated “Goddess Nature Token” (GNT) launch. The decision comes after more than a year of delays due to difficult market conditions and resistance from carbon registries. The Challenges of Tokenization Flowcarbon wanted to revolutionize the carbon credit market by tokenizing carbon credits and making them more accessible…
BIP32 BIP32 is a standard for hierarchical deterministic (HD) wallets for Bitcoin.This means that it’s a way to generate a hierarchical, tree-like account structure of private and public keys, starting from a single “seed” key (or master private key). The advantage of using an HD wallet is that it allows you to generate a large number of separate accounts within a single wallet, and it’s easier to backup and restore your wallet. There is an improved version of this proposal, BIP44, that supports keys for multiple cryptocurrencies. BIP39 BIP39 is a standard for a mnemonic phrase (more widely known as…