Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it impacts the Layer 2 ecosystem. Traders are now questioning whether the current $2,250 support level can hold for much longer.On the positive side, Ethereum is still the dominant platform in terms of activity and development, but competitors are gradually gaining the upper hand.Top Blockchains by 7-Day DApp Volume, USD Source: DappRadarEthereum Transaction Fees Rise, Negative Impact on Ether PriceA decrease in transaction volume could negatively impact demand for Ether as…
Author: Crypto Flexs
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Peter Zhang 18 Sep 2024 13:05 Tether (USDT) enhances global financial inclusion and security by enhancing financial transparency and cooperation with law enforcement. Tether has established itself as a pioneer in the stablecoin market by prioritizing financial transparency, resiliency, and cooperation with global law enforcement. Over 350 million users worldwide benefit from Tether’s stable and reliable digital currency, facilitating access to financial services, especially in regions where traditional banking systems are lacking. Financial Transparency: Unrivalled Clarity and Assurance Tether’s transparency is a defining characteristic, reflected in an independent certification conducted by BDO, a leading…
Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it impacts the Layer 2 ecosystem. Traders are now questioning whether the current $2,250 support level can hold for much longer.On the positive side, Ethereum is still the dominant platform in terms of activity and development, but competitors are gradually gaining the upper hand.Top Blockchains by 7-Day DApp Volume, USD Source: DappRadarEthereum Transaction Fees Rise, Negative Impact on Ether PriceA decrease in transaction volume could negatively impact demand for Ether as…
The smoked chicken fish church is in chaos. Pastor aspirant accused of rug-pulling. Solana Memecoin is in the spotlight over alleged fraud. In a world where thousands of Solana Mimecoins are released every day, projects are doing everything they can to get noticed. This one reached absurd levels with a single token, the Smoking Chicken Fish Church. The project evolved from a Mimecoin to a potential church with a pastor and plans to build an actual place of worship. This absurd religion is now facing controversy and infighting, with members of the “congregation” accusing the leader of enriching himself at…
Republican presidential candidate and newly minted DeFi entrepreneur Donald Trump reportedly used Bitcoin to buy a cheeseburger.Trump stopped by Pubqui Bar in New York City before a campaign rally Wednesday night at the Nassau Coliseum on New York’s Long Island. “History is being made,” Trump said after the purchase.“One of the most historic transactions #bitcoin “History was just made,” Barr’s X account wrote in a post. “The president @realDonaldTrump Buy a burger @pubkey_NYC With ~ @tpacchia. Block Height: 861871″Trump handed out burgers to bar patrons.“This is a Crypto Burger,” Trump told a cheering crowd. He has never been shy about…
Bitcoin prices have fallen sharply since news of a repayment related to the infamous Mt. Gox hack broke. The repayment process, which involves distributing large amounts of bitcoin to creditors, has sent ripples through the cryptocurrency markets and made investors nervous. Mt. Gox, once the world’s largest Bitcoin exchange, filed for bankruptcy in 2014 after losing 850,000 Bitcoins in a hack. A long-awaited repayment plan has now been launched, and creditors will get back some of the lost assets, including Bitcoin, Bitcoin Cash, and fiat currencies. The market reacted quickly to this news, with the Bitcoin price dropping by more…
Jorg Hiller 18 Sep 2024 13:22 According to Glassnode Insights, the Bitcoin market is experiencing a downturn with minimal capital inflows and outflows, which suggests that volatility is likely to increase in the future. According to Glassnode Insights, the Bitcoin (BTC) market is currently experiencing a period of stagnation with low capital inflows and outflows. This period of inactivity has led to stagnant realized capital, indicating minimal net capital movement within the network.The demand side is weakeningThe realized capital ceiling, a key metric that measures the cumulative net capital inflows into and out of…
Cryptocurrency is a dynamic field that keeps growing with new and innovative solutions being created on the blockchain. Smart contracts are key to this progress, allowing the creation of chains, protocols, consumer apps, and various blockchain products that benefit both users and developers.As of August 2024, Statista reports over 12,000 cryptocurrencies, highlighting a market with a global capitalization of $2.1 trillion. This expansion has led to a surge in cryptocurrency projects, with many innovators now exploring decentralized finance (DeFi) to offer new solutions.However, despite the growth opportunities, there are certain challenges. Due to the dilution of projects, startups face difficulty…
U.S. lawmakers are debating whether the SEC is overreaching. The co-founder of BitMEX told the audience at Token2039 in Singapore that he expects a short-term market crash if interest rates are cut. Meanwhile, two Republican lawmakers have asked SEC Chairman Gary Gensler to answer questions about cryptocurrency airdrops.US lawmakers ask SEC for clarity on cryptocurrenciesU.S. Republican Rep. French Hill delivered a critical statement on September 18 at a House Subcommittee on Digital Assets, Financial Technology, and Inclusion hearing, saying the SEC’s enforcement abuses “make it harder for legitimate actors to follow the rules.” The hearing, which lawmakers called “Dazed and…
Bitcoin has broken through $61,000 after the U.S. Federal Reserve decided to cut interest rates by 50 basis points. The decision by the Federal Reserve to cut rates for the first time since 2020 was a move long-anticipated by crypto traders, with most expecting Bitcoin and the broader crypto market to benefit from the policy reversal.Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin (BTC) price movements as markets reacted to the rate cut decision while awaiting comments from Federal Reserve Chair Jerome Powell.BTC/USD 15-minute chart. Source: TradingViewThe Federal Open Market Committee (FOMC) took aggressive action to stem the labor…