Powerful altcoins appear poised for a rise, according to a top cryptocurrency analyst. An anonymous cryptocurrency trader known as Pentoshi tells his 809,600 followers on social media platform X that the digital asset market is currently in a prime position for altcoins. “Personally, I like to have a structure or foundation in place. It looks constructive for another uptick. There is definitely a lot of upside *IF* this could turn from resistance to support. I have been very bullish on BTC and this is the type of point where many, if not all Alts, could get stuck in the BTC/USD…
Author: Crypto Flexs
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lawrence jenga October 23, 2024 20:14 Address poisoning scams, which target high-value users by mimicking frequent transaction addresses, are emerging as a serious threat in the cryptocurrency industry. As the cryptocurrency landscape evolves, so do the tactics of cybercriminals. Address poisoning scams have emerged as a sophisticated threat that targets unsuspecting cryptocurrency users by exploiting the familiarity of their transaction history. According to Chainalytic, this form of fraud resulted in a single victim losing nearly $68 million in wrapped Bitcoin (WBTC), highlighting the scale and potential impact of such operations. Understanding Address Poisoning Attacks…
Analysts agree that US BTC options could inject more liquidity into the BTC market. However, opinions were divided about the long-term volatility and price impact. Market commentary piled on as regulators approved more US spot. Bitcoin (BTC) ETF Options. On October 18, the U.S. Securities and Exchange Commission (SEC) approved the product. New York Stock Exchange (New York Stock Exchange) and cboe (Chicago Board Options Exchange). NYSE American has been approved to offer options on Fidelity’s BTC fund, FBTC, and ARK 21Shares’ ARKB. Meanwhile, Cboe will trade Grayscale’s GBTC, mini BTC, and Bitwise’s BTIB. This approval follows BlackRock’s recent approval…
The price of Ether reached the $2,768 level on October 21 and then faced resistance. Several factors limited the rally, including increased supply on exchanges, declining network activity, and weakening technology. ETH Coinbase Index indicates a potential sell signal.Ethereum (ETH) is down 6.5% from a local high of $2,768, with the ETH Coinbase Premium Index falling below the 14-day simple moving average (SMA) on October 21, suggesting a possible sell-off in the near future.The ETH Coinbase Premium Index, which measures the difference between Ether prices on Coinbase Pro and Binance, is used as an indicator of U.S. investor demand compared…
Uniswap has launched permissionless bridging across nine networks for seamless asset transfers. Permissionless bridging powered by Across Protocol improves transaction speed and security. Users can now transfer ETH, ARB, and stablecoins without relying on external services. Uniswap has officially launched its long-awaited permissionless bridging feature, allowing users to seamlessly transfer assets across nine blockchain networks directly from the Uniswap interface and Uniswap wallet. Based on the innovative Across protocol, this feature solves the complexities of cross-chain transactions that have historically plagued users, such as high latency and security issues. The Across Protocol is the only cross-chain intent protocol currently in…
Ether (ETH) price fell 9.6% from October 20 to October 23 after experiencing a strong rejection at the $2,700 level. This move erased the gains of the previous 10 days, and the 30-day performance remains negative, down 6%, with the Ethereum price now stabilizing near $2,500.The chances of ETH reclaiming $2,800 support are decreasing, and on-chain data shows that high transaction fees are driving activity away from the Ethereum network and ultimately reducing demand for native staking. Total cryptocurrency market cap (blue) and Ether/USD (green). Source: TradingViewSome of Ether’s recent decline can be attributed to the overall cryptocurrency market cap…
Yorg Healer October 23, 2024 21:11 According to the NVIDIA Technology Blog, NVIDIA CUDA-Q and cuDNN accelerate quantum algorithms for solar energy prediction, resulting in significant improvements in speed and accuracy. The advancement of sustainable energy forecasting has taken a major leap forward with NVIDIA’s introduction of CUDA-Q and cuDNN into the realm of quantum algorithms. According to the NVIDIA Technology Blog, these cutting-edge tools have played a key role in increasing the efficiency and accuracy of solar energy forecasts. Quantum Algorithm in Solar Prediction Ying-Yi Hong, a distinguished professor at Chung Yuan Christian…
This article is also available in Spanish. Ethereum price It has just broken out of a major symmetrical triangle pattern, indicating potential upside. soar to new levels Over $3,000. Analysts who have closely followed the Ethereum price movement over the past few months consider the recent breakout to be a bullish indicator for the top altcoin. Ethereum price has broken out of the main triangle pattern. A famous cryptocurrency analyst known as “TheMoonCarl” on X (formerly Twitter) revealed Ethereum price has finally broken out of its symmetrical triangle pattern. Sharing a chart illustration of a unique technical pattern, the analyst…
Key Takeaways Tesla held 11,509 BTC worth approximately $765 million during its Q3 2024 earnings call. Tesla’s third-quarter earnings exceeded expectations and improved compared to the previous quarter, with a gross margin of 19.8%. Share this article Tesla released its third quarter earnings report showing solid financial performance while maintaining significant Bitcoin holdings.Analysts and investors have been particularly focused on the company’s profit margins and whether Tesla will change its Bitcoin strategy following recent wallet movements. Despite speculation, Tesla confirmed that its Bitcoin holdings have not changed.As of the third quarter, Tesla continues to hold 11,509 BTC worth approximately $765…
Ether (ETH) price fell 9.6% from October 20 to October 23 after experiencing a strong rejection at the $2,700 level. This move erased the gains of the previous 10 days, and the 30-day performance remains negative, down 6%, with the Ethereum price now stabilizing near $2,500.The chances of ETH reclaiming $2,800 support are decreasing, and on-chain data shows that high transaction fees are driving activity away from the Ethereum network and ultimately reducing demand for native staking. Total cryptocurrency market cap (blue) and Ether/USD (green). Source: TradingViewSome of Ether’s recent decline can be attributed to the overall cryptocurrency market cap…