contributor Posted on: November 27, 2024 Beam was approaching the critical support level of $0.0202 at press time. On-chain indicators indicate a decline in whale and trading activity. Beam (BEAM), a privacy-focused cryptocurrency, underwent a significant test on the daily chart as its price neared a key support level at $0.0202. The asset plunged more than 16% in less than 48 hours, raising concerns among market participants about its near-term trajectory. Source: TradingView As the price of Beam continued to fall, the stochastic RSI was approaching oversold territory at press time. These developments could signal a potential price reversal, a…
Author: Crypto Flexs
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Somnia Announces Partnership with Ankr to Strengthen Developer Infrastructure and Drive Innovation – Chainwire housenewsroomSomnia Announces Partnership with Ankr to Strengthen Developer Infrastructure and Drive Innovation We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over…
Louisa Crawford November 26, 2024 18:33 AMD has launched the Alveo V80 accelerator, designed to handle memory-bound workloads in HPC and AI, delivering significant improvements in memory bandwidth, logic density, and network throughput. AMD announced the launch of the Alveo V80 compute accelerator, its latest innovation aimed at optimizing memory-bound computing workloads in high-performance computing (HPC) and artificial intelligence (AI) applications. According to AMD, these new products from AMD are tailored to meet the growing demands of large data set workloads, delivering significant performance and scalability improvements. Enhanced capabilities for data-intensive workloads The Alveo…
Crypto fund issuer Valor has launched its first exchange-traded product (ETP) for popular memecoin Dogecoin (DOGE), according to a November 26 announcement from Valour’s parent company, DeFi Technologies.The ETP will be traded on Sweden’s Spotlight Stock Market, giving retail and institutional investors exposure to the world’s largest memecoin by market capitalization in a regulated fund wrapper, Valor said.The asset manager launched the Valor DOGE ETP. “(i) Considering the results of the recent (US) presidential election and the resulting surge in demand for Dogecoin (…) strengthened by influential figures such as Elon Musk,” said Johanna Belitz, Head of Nordics at Valour.…
Timothy Morano November 26, 2024 19:10 Bitcoin approaches $100,000 as long-term holders distribute 507,000 BTC. A surge in price action sets a new ATH for daily realized profits. According to Glassnode, Bitcoin is on the verge of hitting $100,000 after breaking a series of all-time highs. This price surge led long-term holders (LTHs) to significantly increase their circulation, taking advantage of the lucrative market conditions. Intense long-term holder distribution During the rally, LTH distributed 507,000 BTC, resulting in significant asset turnover. This volume is less than the 934,000 BTC offloaded during the March 2024…
Los Angeles, CA, November 26, 2024, Chainwire Connecting Web2 and Web3: Haliey Welch and overHere unite cryptocurrency and meme culture Haliey Welch, known worldwide as the person behind the viral “Hawk Tuah” meme, announced today on an episode of Talk Tuah with X (formerly Twitter) and Mark Cuban that she will have an official meme coin, $HAWK. In partnership with pioneering Web3 launchpad and platform overHere (X: @overHere_gg), this groundbreaking initiative is poised to redefine meme coins and usher in a new dimension of consumer cryptocurrency. overHere x $HAWK whitelist Interested fans can claim free $HAWK tokens by whitelisting on…
Solana reaches DEX volume milestone. Overtakes Ethereum and BSC. Memecoin drives network traffic. Decentralized finance (DeF) has seen significant growth over the past few years. This year, Solana has significantly increased its dominance. Thanks to its influence in the memecoin market, Solana has slowly overtaken other networks in this metric. According to the latest data, Solana has reached an important milestone. For the first time in a decentralized exchange, network size surpassed $100 billion. Solana’s DEX traffic now exceeds that of all Ethereum and L2 combined. Solana Breaks Record with DEX Trading Volume of $115 BillionMemecoin is once again putting…
Peter Jang November 26, 2024 19:49 Filecoin (FIL) was recognized by Fast Company as a key player in emerging technologies, highlighting its impact on innovations such as decentralized AI and the NV24 upgrade. Filecoin (FIL) was named a winner on Fast Company’s prestigious list of the next big disruptors in technology. This recognition marks an important milestone for the Filecoin community, highlighting the network’s pivotal role in advancing decentralized artificial intelligence. Technology advancements and upgrades The Filecoin network is undergoing significant upgrades to improve security, stability, and developer functionality. The NV24 upgrade introduces important…
Economist Alex Krüger thinks Bitcoin (BTC), memecoins and other altcoins are poised to surge in the coming months. Krüger explains his predictions for the cryptocurrency market to his 190,500 followers on social media platform X. “Step 1. Bitcoin runs. Step 2. Memecoin joins. Step 3. Altcoins are joining.First large flush (approx.) $110,000-$120,000? Step 4. The mania continues.Until Christmas/Inauguration Day. Step 5. Gather. It’s not bipolar disorder.From the end of February to the end of March. Step 6. Correction and pain. Step 7. Gather. Much less manic. Something like this would make sense.” Krüger pointed out that the cryptocurrency bull market…
Cryptocurrency investments may have enabled low-income Americans to purchase homes at a higher rate than the rest of the population, according to a paper published Tuesday by the U.S. Treasury’s Office of Financial Research.A study conducted by the Treasury Department’s independent arm that monitors U.S. economic risks found that the rise in cryptocurrency investment in recent years has led to significant increases in debt (particularly mortgages) in regions with the highest digital asset activity. They were looking for evidence that these financial pressures could pose a risk to America’s stability, but so far researchers have found that delinquency rates in…