contributor Posted on: November 12, 2024 ADA surged 114% but faced strong rejection at the $0.70 resistance level. Cardano’s on-chain indicators suggested a short-term cooling despite optimistic liquidation sentiment. Cardano (ADA) was the best performer of the week, rising over 114% before facing significant resistance. The explosive move caught many traders off guard and pushed the price in the consolidation zone up around $0.42, challenging the crucial $0.70 barrier. However, momentum has since cooled, with ADA setting a 14% retracement in the last 48 hours. This strong decline signals higher levels of selling as traders take profits from the recent…
Author: Crypto Flexs
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Timothy Morano November 12, 2024 05:27 Polygon (MATIC) announced integration with Instagram, allowing users to mint, display, and sell NFTs, improving creator engagement and monetization opportunities. Polygon (MATIC), a prominent player in the blockchain ecosystem, announced a significant development through its partnership with Instagram, according to Polygon Blog. The collaboration will allow Instagram users to mint, display and trade digital collectibles or non-fungible tokens (NFTs) on the Polygon blockchain. The move aims to provide creators with innovative ways to connect with their audiences and monetize their digital content. Instagram’s new NFT feature Polygon’s integration…
Cryptocurrency Mimcoin investors holding Gigachad (GIGA) tokens lost $6.09 million in a phishing attack involving fake Zoom meeting links.On November 12, GIGA recorded an unusual price drop due to a massive selling event. Soon after, Still in the Game, a prominent pseudonymous GIGA investor, actively warned about hacker involvement.“I want to be transparent. The big $GIGA sale today is because one of my wallets was drained by a fake Zoom link. It hurts a lot, but I’ll be back. I will always stay in the game.”According to cryptocurrency research firm Scam Sniffer, victims clicked on a fake Zoom call invitation…
Wang Long Chai November 12, 2024 06:03 Animoca Brands has raised an additional $10 million for its Mocaverse project, which aims to accelerate Web3 adoption and interoperability with major investors such as OKX Ventures and CMCC Global. Animoca Brands Secures $10 Million for Mocaverse Animoca Brands announced that it has secured an additional $10 million in funding for its Mocaverse initiative. This funding round saw participation from high-profile investors including OKX Ventures, CMCC Global and Hong Shan, formerly known as Sequoia China. According to Animoca Brands (https://www.animocabrands.com/animoca-brands-raises-additional-usd10m-for), the new investment aims to build a…
Snowden criticized Solana again. Venture capital funding is cited as a problem. Solana has been the target of criticism due to its centralization. Blockchain technology has long been a pillar of privacy and digital freedom. However, centralized entities are gaining more influence in this space. Recently, digital freedom advocate Edward Snowden reiterated these concerns. In recent public appearances, Snowden criticized centralized networks and venture financing. In particular, he once again singled out Solana in his criticism. Snowden blames Solana for VC influenceSolana has once again been criticized for its perceived centralization. On Monday, November 11, Edward Snowden spoke at Near’s…
Caroline Bishop November 12, 2024 06:41 Immutable (IMX) is a Gold Sponsor at the GAM3 Awards 2024, showcasing its impact on Web3 gaming and receiving multiple nominations highlighting technological advancements. Immutable (IMX), a leader in Web3 gaming, has taken on a pivotal role as a Gold Sponsor at the GAM3 Awards 2024, highlighting its significant contribution to the industry. As blockchain gaming continues to evolve, Immutable’s presence at the awards ceremony highlights technological advancements and the vibrant ecosystem that supports them, according to immutable.com. Web3 gaming market growth Since the early days when CryptoKitties…
An analyst with a history of spot cryptocurrency trading explains his bullish goals for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Bluntz, a pseudonymous analyst, told his 287,800 followers on social media platform Looking closely at Bitcoin, the analyst believes that BTC is in the midst of a fifth wave surge, pushing BTC towards a massive price target. “BTC has been accumulating vertically for longer than originally expected, so naturally expansion will also be higher. We are currently predicting BTC will reach $130,000-$150,000, waiting for further price action and how long the next few legs will extend. Modifications are possible.”…
Key Takeaways Mt. Gox transferred 2,500 bitcoins worth about $222 million as bitcoin approached $89,000. The exchange holds 44,378 BTC worth about $3 billion. Share this article According to data tracked by Arkham Intelligence, Mt. A wallet labeled Gox transferred 2,500 bitcoins worth approximately $222 million to an unconfirmed address starting with “1PQZw2” in the last 30 minutes. The new transactions come as Bitcoin surges to $89,000, according to CoinGecko data.Source: Arkham IntelligenceAt the time of reporting, the defunct cryptocurrency exchange still had about 44,378 BTC worth about $3 billion in its wallets.The latest move comes from Mt. It follows…
Darius Varu November 12, 2024 07:14 BitMEX will be conducting scheduled system maintenance on its testnet and production platforms, affecting trading services on November 14th and 16th, respectively. BitMEX, a prominent cryptocurrency exchange, has announced upcoming system maintenance that will impact its testnet and production platforms. According to BitMEX, maintenance is scheduled for November 14th on the testnet platform and November 16th on the production platform, both running from 02:00 to 07:00 UTC. Impact on Transaction Services During the maintenance period, the BitMEX platform will be unavailable and trading services will be suspended. This…
AAVE exchange leaks gradually increased following the US election results. The shift to long positions suggests growing market optimism, with 64% of active addresses currently in profit. Following the US election results, Aave (AAVE) saw a noticeable decrease in exchange outflows. The decline once again signals investors’ cautious stance on possible regulatory changes. However, over the past three days, AAVE exchange outflows have started to increase steadily. This upward trend may indicate some level of activity and trust building among market participants. Additionally, an increase in foreign exchange outflows could be a sign that traders are cashing in on profits…