Bitcoin (BTC) price rose 3.2% from October 27 to October 28, briefly testing the $69,200 level for the first time in a week. Although the rally has faced some resistance, Bitcoin bulls believe the conditions are in place for a sustained uptrend, especially considering recent socio-political and economic developments.US 6-month Treasury yield (left) and oil WTI/USD (right). Source: TradingViewTo start the week, oil prices fell more than 5.5% on October 28 after ongoing conflict in the Middle East failed to impact energy production or transportation channels. Israel launched an attack on Iran over the weekend. However, as CNBC reported, no…
Author: Crypto Flexs
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October 28, 2024, San Francisco, USA, Chainwire Another EasyA Hackathon winner (aka “Gigabrain”) is heading to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended the first EasyA x Polkadot hackathon about two years ago and first began experimenting with the idea that would later become Gecko Sec. Today, they have just been accepted into the world-renowned Y Combinator accelerator, which powers some of the world’s most successful Web3 companies such as CoinBase, Filecoin, and more. According to the team, Gecko Sec allows Web3 developers to quickly build secure code without wasting time on tools that don’t deliver results or relying…
The Bitcoin ETF is seeing solid buying, a sign that traders believe is an indicator that BTC is poised to break out to new highs.
Yorg Healer October 28, 2024 15:40 The Hong Kong Monetary Authority and Banco Central do Brasil are collaborating on a cross-border tokenization project focused on CBDC infrastructure and financial market innovation. Hong Kong and Brazil pave the way for cross-border tokenization The Hong Kong Monetary Authority (HKMA) has announced a significant partnership with Banco Central do Brasil (BCB) to explore cross-border tokenization initiatives. According to the Hong Kong Monetary Authority, the goal of the collaboration is to leverage central bank digital currency (CBDC) infrastructure by integrating Ensemble Sandbox and the Drex pilot platform for…
Follow Nikolaus on X here. I watched the Donald Trump rally at Madison Square Garden last night with millions more live viewers online, and as someone who attended the Republican National Convention over the summer, I was struck by how massive this event was. There were over 20,000 people inside the venue and tens of thousands more outside. Now, a week before the election, it feels like the entire country is following in his footsteps.Over the past few months, I’ve been pretty pessimistic about Trump winning the election due to concerns about the Democrats’ election fraud scheme. But as an…
Bitcoin (BTC) price started the week on a strong note, attacking the $69,000 level. But should traders expect a new all-time high before the end of today’s trading session?The $69,000-$70,000 area continues to remain a resistance cluster, as evidenced by the sell wall (red line above the BTC price) shown in the chart below. Similar to most recent price spikes, the move on October 28 was driven by futures market activity and liquidation. Notice how the funding rate and buying volume increased as the price rose from $67,600 to intraday highs. As was the case with previous attempts, the seller…
Dogecoin led the gains on Monday, hitting $2 billion in trading volume. Prominent market makers are pouring over 7% of Neiro ETH supply into Bybit. NEIRO recorded trading volume of $2.32 billion in its derivatives segment. Dogecoin (DOGE), the largest meme coin on the market, justified expectations for a historically strong October. known as This month’s “Uptober” delivered massive gains for memes and AI-based coins. Dogs fighting on chains.Dogecoin Leads the Dog House: $0.175 Coming Soon?With a gain of 6.2% in 24 hours, Dogecoin is heading toward $0.148, a three-month high hit on October 21, 2024. This time around, the…
Louisa Crawford October 28, 2024 16:12 Bitfinex announced that it will integrate Tether (USDt) deposits and withdrawals on the Aptos blockchain, increasing transaction speeds and reducing user costs. Bitfinex, a leading digital asset trading platform, announced the launch of Tether (USDt) deposits and withdrawals on the Aptos blockchain. According to blog.bitfinex.com, this development marks a significant improvement for Bitfinex users in that they will be able to conduct transactions on Aptos without the need for a third-party wallet. The growing popularity of Aptos blockchain The Aptos blockchain is known for its speed, scalability, and…
Veteran on-chain analyst Willy Woo said altcoins will continue to see less explosiveness over time as the cryptocurrency market matures. Woo told his 1.1 million followers on social media platform Rather than focusing on decentralized finance (DeFi) or some sort of technological innovation, Woo says the current altcoin hype is mostly focused on memes, which he believes is a poor view of the cryptocurrency space. The analyst says: “I’m not saying there won’t be an alt season. Certainly, there will be an echo fractal with mid-caps and low-caps pumping after the BTC pump as investors seek higher returns on the…
Decentralized Physical Infrastructure Network (DePIN) is one of the hottest new stories in the cryptocurrency industry. However, the extent to which the DePIN project actually relies on blockchain networks is currently an open question.Dubbed the “Internet of Things (IoT) with blockchain,” the DePIN project connects and manages physical devices that collect and exchange data, such as wireless networks, energy grids, or storage systems. These networks generate huge amounts of data, so connecting DePIN via blockchain requires a high-throughput chain. Even blockchains can only record small components of data.Helium, one of the best-known DePIN projects connecting wireless networks, abandoned its own…