Ethereum co-founder Vitalik Buterin donated 50 ETH (about $170,000) to support the legal defense of Tornado Cash developer Roman Storm.The donation, confirmed by Storm on December 31, is another important step by Buterin to protect privacy and open source development within the cryptocurrency space.Storm expressed his heartfelt gratitude for Buterin’s contributions, acknowledging the Ethereum co-founder’s continued support during difficult times. He wrote:“I am extremely grateful to Vitalik Buterin for his generous donation to my legal defense fund. Your unwavering support and exemplary leadership continue to inspire us all. Thank you for being with me during this difficult time.”Storm also shared…
Author: Crypto Flexs
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Having weathered Bitcoin’s pre-halving correction last year, the cryptocurrency analyst believes BTC is poised for a further rally after sending out bullish signals for several periods. Rekt Capital, a pseudonymous analyst, told his 527,600 followers on social media platform The trader shares a chart showing how Bitcoin could solidify the $60,000 level as support in the fourth quarter of 2024, sending BTC soaring even higher. “After the breakout, quarterly retests and continuation of the trend were confirmed.” Source: Rekt Capital/X Zooming in, the trader says Bitcoin has broken the psychological resistance zone towards $100,000, indicating that it is now all…
XRP (XRP) price is attempting to close the daily candle above the descending resistance trend line that previously limited the altcoin’s price action.XRP 1 day chart. Source: Cointelegraph/TradingViewA consecutive break of the trend line and resistance between $2.48 and $2.60 would be a strong signal of strength and could potentially lead to a break above $2.72.XRP half-mast flag suggests 260% gains ahead.Likewise, one market analyst believes XRP is poised for a major breakout in the coming weeks, but timing will be important.In a recent Related: XRP Price Chart ‘Bull Flag’ Targets $15 Due to Increased Open Interest.The half-mast flag is…
Peter Brandt predicted that XRP’s market capitalization could soar to $500 billion. Selling pressure on exchanges remains low, signaling expectations of a rebound. Veteran price chart analyst and trader Peter Brandt predicted: Ripple (XRP) Its market capitalization could explode to $500 billion, potentially growing 262%. This suggests that the value of the token has the potential to rise to $8.7 based on the current price of $2.4. Brandt’s prediction was based on a bullish flag pattern. that said, “The half-mast flag should be completed within six weeks. Otherwise, it should be viewed with great suspicion. However, if completed, a market…
Czech National Bank Governor Aleš Michl recently highlighted the government’s growing interest in cryptocurrencies as a savings technology, viewing Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves.In an interview with CNN Prima News, Michl said he was considering acquiring “some Bitcoin” for diversification, which he does not consider a significant investment for the bank.The Czech National Bank’s seven-member board of directors must approve the decision to acquire Bitcoin.When asked about a potential acquisition, Board Advisor Janis Aliapulios confirmed that the bank is not currently planning to invest in Bitcoin (BTC). Nonetheless, Michl is still open to…
Solana developers proposed a new hashing system that would change the way the Solana network verifies and tracks user accounts to address scalability issues due to mass usage. In a Jan. 6 proposal titled SIMD-215, the developers introduced a “lattice-based homomorphic hashing function” that would change the way the blockchain tracks user accounts. SIMD-215 introduces a new lattice hashing function that can dramatically improve scalability. Source: GitHub“The primary goal is to scale Solana to billions of accounts and compute a ‘hash of all accounts’ in real time and space,” the proposal reads.Currently, the Solana network must periodically recalculate the “state”…
Phantom, a non-custodial cryptocurrency wallet, has just released a statement denying rumors that there will be a token airdrop. Last month, Phantom announced that it would make its wallet more social by allowing users to customize their profiles and search for and follow friends. In a post on social media platform X, a popular wallet with around 7 million monthly active users. says The launch of the social search feature will not include a token airdrop and there are no plans to issue its own coin. Phantom makes the statement amid rumors that users will receive tokens for following other…
The allure of meme coins like Shiba Inu prices can promise explosive profits, but JPMorgan analysts warn investors not to fall prey to FOMO-driven choices. Instead, strategic investments in well-established cryptocurrencies like WallitIQ (WLTQ) provide the resilience and value needed for continued success. Given the unpredictable nature of Shiba Inu prices, these analysts suggest investors work with WallitIQ (WLTQ) for sustainable wealth. Investor attention shifts from Meme Coin to the more stable WallitIQ (WLTQ) Altcoin. Shiba Inu Price was once the star of the meme coin craze, but the token has come under serious scrutiny from many cryptocurrency experts. So…
The FET cryptocurrency has outperformed BTC, ETH and other major assets with an upward momentum of 7.5% over the past 24 hours. 80.23% of Binance’s top traders have established buy positions, and 19.77% have established sell positions. The Artificial Superintelligence Alliance (FET) is making waves in the cryptocurrency space following its bullish price action and recent price gains. Market sentiment appears to be mixed at the moment as Bitcoin (BTC) is once again approaching the $100,000 mark with an impressive 1.36% upward momentum, while other cryptocurrencies appear to be struggling. FET Crypto Outperforms BTC, ETH Amid this market uncertainty, FET…
According to data from DefiLlama, the Solana network has more 24-hour decentralized exchange (DEX) trading volume than Ethereum and Base combined. According to DefiLlama, as of January 6, daily trading volume for Solana-based DEXes was close to $3.8 billion, compared to $1.7 billion for Base, Ethereum’s most popular layer 2 scaling network, and $1.2 billion for Base. .The increase in trading volume reflects the Solana Network’s growing prominence in the decentralized finance (DeFi) space and its emergence as a serious challenger to Ethereum.From a price perspective, Solana (SOL) has outperformed Ether (ETH) by about 8 times since 2023, according to…