Bitcoin price is correcting gains in the $73,500 area. BTC is back below the $70,000 level and is showing some signs of weakness. Bitcoin began a new downtrend in the $73,500 range. The price is trading below $71,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred below the main bullish trendline supporting $70,000. The pair is showing some bearish signs and may test the $68,500 support zone. Bitcoin Price Trim Profit Bitcoin price failed to trade at a new all-time high and began a downward correction…
Author: Crypto Flexs
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UNI is struggling to break out of its downward trend despite Uniswap reaching $2 trillion. Technical indicators suggest a potential bounce, signaling market interest as open interest increases. Uniswap (UNI) Recently, the cumulative transaction volume of the Ethereum layer 1 blockchain reached a whopping $2 trillion, further highlighting its importance in the decentralized finance ecosystem. However, the protocol’s governance token, UNI, is still declining, raising concerns among investors. Trading at $7.18, down 4.61% at press time, Uniswap faces a tough road to recovery. The key question now is whether this milestone can spark enough momentum to reverse Uniswap’s bearish trajectory.…
Iris Coleman November 1, 2024 08:46 Anthropic emphasizes that as AI capabilities grow rapidly, targeted AI regulation is needed to leverage the benefits while mitigating the risks. The company describes its responsible expansion policy as a model of proactive safety measures. As artificial intelligence (AI) systems rapidly advance, there is a growing need for targeted regulation to address potential risks without stifling innovation. According to Anthropic, a leading AI research company, governments around the world must act quickly to implement AI policies within the next 18 months to prevent catastrophic risks. The need for…
Updated November 1, 2:29 PM (UTC): This article has been updated to include a quote from the Messari protocol service.Institutional investment in Solana-based blockchain applications reemerged in the third quarter of 2024.During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, an increase of more than 54% compared to the previous quarter.According to a Messari Protocol Services report shared with Cointelegraph, this funding amount represents the highest level of investment in Solana since the second quarter of 2022, despite a 37% decrease in the number of funding rounds.Solana invested in the third quarter. Source: MessariMatthew Nay,…
“On the go” and “in your hand” are two things we are used to hearing in our increasingly mobile world. Apps like Kraken Pro have set the standard for what can be achieved when trading cryptocurrencies from a smartphone.Today we have something slightly less mobile, but much more powerful, for you. It’s Kraken Desktop, the default desktop app. With advanced features for professional traders, Kraken Desktop is designed for any cryptocurrency trading strategy. Kraken Desktop is built differently. While other desktop applications rely on web-based architecture, we developed this app from scratch using Iced, a low-latency, low-memory GUI library built…
Louisa Crawford November 1, 2024 09:21 Immutable (IMX) responds to the SEC’s Wells Notice, advocating for clearer cryptocurrency regulation to support digital ownership of games while addressing alleged securities law violations. Immutable (IMX), a prominent player in the digital gaming industry, recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), according to immutable.com. The notice alleges securities law violations and misrepresentations and suggests potential legal action against the company. The move is part of the SEC’s broader strategy to classify tokens as securities, a position that has sparked significant debate…
Bitcoin (BTC) faces a “more severe decline” after weekend BTC price weakness cost it $200 million.In his latest market analysis on X, renowned trader Crypto Titan joined in warning of a deeper correction for BTC/USD.The BTC price battle intensifies on a daily basis.Bitcoin continues to struggle after rejecting a near all-time high of $73,800 earlier this week.Market anxiety over the upcoming US presidential election has further exacerbated the already heated Bitcoin trading environment, with open interest hitting record highs.Observers now see the risk of BTC price reversing further before the uptrend resumes.“Local bottom at $66,200 before bounce?” Titan of Crypto…
Darius Varu November 1, 2024 10:22 Paxos launches USDG, a US dollar-backed stablecoin compliant with Singapore’s MAS framework. USDG aims to strengthen global stablecoin adoption by collaborating with DBS Bank for secure reserve management. Paxos, a leader in blockchain and tokenization infrastructure, has officially launched Global Dollar (USDG), a new US dollar-backed stablecoin. According to Paxos, this development, announced on November 1, 2024, will be regulated by the Monetary Authority of Singapore (MAS) and marks a strategic step towards global stablecoin adoption. USDG: A New Era of Stablecoins USDG is designed to meet the…
BitMEX founder Arthur Hayes has named an altcoin he believes will perform better than others ahead of the upcoming US presidential election. In a new interview on the Unchained YouTube channel, the cryptocurrency veteran said he is interested in trading Solana (SOL), an Ethereum (ETH) competitor and smart contract platform. Because he believes the price will skyrocket along with Bitcoin (BTC). “Once we get into the election, I’ll trade SOL. It’s a high beta Bitcoin, so I know it’s vibrant and liquid and will get pumped if Bitcoin does well. I want to trade SOL. “I don’t want to trade…
This Ethereum blockchain With only 13 days left until Devcon, it’s amazing how big this year’s event is going to be! Expected attendance has doubled since last time (12,000 in Bogotá vs. 6,000 in Bogota). The number of community hubs and impact spaces more than doubled, and the number of submitted talks also doubled. The Ethereum ecosystem has advanced significantly in terms of technology, and the community has grown stronger, more global, and more vibrant than ever. At Devcon SEA, you’ll see it all with technical content for developers and sessions for community builders, artists, writers, researchers, and more. Over…