A widely respected analyst and trader is offering his predictions for three cryptocurrency assets. An analyst known by the pseudonym Bluntz told his 283,900 followers on social media platform According to the widely followed analyst’s chart, he appears to be implying that Dogecoin is attempting to break away from its descending trendline on the daily time frame and move above the current resistance level of around $0.132. Source: Bluntz/X Dogecoin is trading at $0.122 at the time of this writing. Below is the native token of the layer 1 blockchain Sui (SUI). An unnamed analyst said Sui performed strongly this…
Author: Crypto Flexs
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Bitcoin is headed for a huge weekly close as bulls look to break a seven-month downtrend.BTC/USD 1-hour chart. Source: TradingViewBTC price has finally signaled a major breakout.Data from Cointelegraph Markets Pro and TradingView shows BTC price action to break resistance after hitting record highs in March.Bitcoin (BTC) has been consolidating within a downtrend channel for over half a year since hitting an all-time high of $73,800.Despite several attempts to re-establish price discovery, BTC/USD has remained range-bound ever since. Now traders hope things will be different.Rekt Capital, a trader and analyst who analyzed the weekly charts, noted repeated stabs at the…
INJ has recorded a double-digit rise since listing on Upbit. Will the update help break INJ’s downward trend? October 17th, Injection (INJ) It surged 16% right after Upbit, Korea’s largest cryptocurrency exchange. presentation It will be listed on the platform. The token surged from $20 to $23 in part due to a 112% increase in daily trading volume. Source: CoinMarketCap Although the pumps may have subsided a bit at press time, the listing of Upbit is very significant considering the impact it has had on Cat World (MEW). For perspective, MEW was launched in March and has been listed on…
Louisa Crawford October 18, 2024 06:38 Ethereum’s ACDC call #144 focused on EIP 7742, the Pectra upgrade, and the PeerDAS specification, with the goal of improved scalability and network efficiency. As detailed on galaxy.com, on October 17, 2024, Ethereum developers convened via Zoom for the 14th All Core Developers Consensus (ACDC) conference. The call, chaired by Ethereum Foundation researcher Alex Stokes, focused on important upgrades and proposals, particularly the inclusion of EIP 7742 in the Pectra update. Pectra Upgrade and EIP 7742 Discussion The developers agreed to integrate EIP 7742 into the Pectra upgrade.…
Litecoin (LTC) has surged about 7.5% in the past 24 hours, reaching around $70.50 on October 16. Traders are flocking to the market as word spreads about Canary Capital’s recent application for a spot Litecoin exchange-traded fund (ETF).LTC/USD 4-hour price chart. Source: TradingViewAt local highs, LTC was trading at $72, its highest since July 2024.Cryptocurrency market cheers filing of first Litecoin ETFAsset manager Canary Capital has filed registration documents for a spot Litecoin ETF with U.S. regulators, according to an S-1 filing dated October 15. Canary’s proposed ETF seeks to hold spot Litecoin, aiming to closely reflect the performance of…
Worldcoin (rebranded as World), a “proof-of-humanity” project founded by Sam Altman, has launched an Ethereum layer 2 blockchain named World Chain.World said in an Oct. 17 statement that 15 million users who verified their identity by scanning their iris and searching for “World ID” can now use the network. The company launched World Chain to improve efficiency and introduce new features for Worldcoin (WLD) token users as it seeks to expand its onboarding efforts. World said the new blockchain will prioritize verified human users (those with World IDs) over bots by providing access to block space as well as allowing…
Tony Kim October 18, 2024 04:35 GitHub is introducing a new portal that offers exclusive discounts and resources to help nonprofits strengthen their technical capabilities and social impact. According to the GitHub blog, GitHub has announced a new initiative to help nonprofits gain easier access to technology resources and discounts. Known as GitHub for Nonprofits, the initiative provides verified nonprofits with free access to GitHub Team plans or a 25% discount on GitHub Enterprise Cloud plans. Empowering Nonprofits Through Technology As technology continues to play a critical role in advancing nonprofit missions, GitHub has…
Republican candidate Donald Trump has completed a $12 million WLFI pre-sale. World Liberty Finance’s ironically limited nature scares away investors. Both candidates distanced themselves from legal “cryptocurrency persecution.” Republican presidential candidate Donald Trump surprised the cryptocurrency industry with his decentralized finance project, World Liberty Finance (WLFI). However, WLFI, the native cryptocurrency token of the massive DeFi project, is falling short of expectations, with token pre-sales reaching only 4% of the set target. Trump’s cryptocurrency bucket is only 4% full. Only $12 million of the $300 million goal was raised, despite the first $30 million being reserved for the costs of…
In January 2021, gmoney purchased Ape Punk #8219, the most expensive CryptoPunk at the time, for 140 ETH ($150,275 at the time). Months before Beeple broke the sound barrier with his $69 million Everydays sale, the sale garnered a lot of attention thanks to gmoney’s Twitter thread thesis about CryptoPunks and digital scarcity heralding the NFT craze.But that didn’t come yet and the cryptocurrency plummeted right away, taking the CryptoPunk low price with it. Coming from a Tradfi background, gmoney got into cryptocurrency in 2017, but it wasn’t until late 2020 that he started getting interested in NFTs. The New…
The U.S. Securities and Exchange Commission (SEC) has filed a last-minute appeal in its ongoing legal battle with Ripple Labs, seeking to overturn part of a summary judgment issued by U.S. District Judge Analisa Torres more than a year ago.Torres’ July 2023 ruling partially favored Ripple by concluding that the company’s sale of XRP to individual investors on the digital asset platform did not violate U.S. securities laws. The court ruled that these transactions did not meet the legal standard for investment contracts, dealing a blow to the SEC’s broader efforts to regulate cryptocurrency sales under existing securities laws.In a…