With Bitcoin price flipping back into the green in October, it is targeting a major resistance rematch this week.Last week’s decline below $60,000 looks more and more like an aberration as traders eye a resistance reversal at $65,000.Slowly but surely Bitcoin is advancing within a long period of consolidation and analysis shows that we are confident that buyer power will increase.Earnings season kicks off this week as markets lower expectations for interest rate cuts and the U.S. presidential election approaches.Retail interest is still barely perceptible in this cycle, diverging from historical trends.ETF investors are also cautious, with mixed trends over…
Author: Crypto Flexs
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The Financial Crimes Enforcement Network (FinCEN) has alleged that banking giant TD Bank failed to report suspicious activity from an anonymous group of customers handling international cryptocurrency transactions.FinCEN found that over a nine-month period, TD Bank processed more than 2,000 transactions from a company known as “Customer Group C,” which it identified as “known to operate in the sales finance and real estate industries.” Customer Group C misrepresented its intended international remittance activity to TD Bank by stating that its annual revenue would not exceed $1 million. In fact, Customer Group C reportedly made over $1 billion worth of transactions…
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to the AED stablecoin under its Payment Token Services Regulatory Framework.AED Stablecoin’s preliminary license approval puts it among the frontrunners in the race to become the first issuer of a regulated dirham-pegged stablecoin in the UAE.This development allays concerns about potential restrictions on cryptocurrency payments that arose after the CBUAE recently announced its licensing framework. This prohibits cryptocurrency payments unless they contain licensed dirham-pegged tokens.Once fully accepted, AED Stablecoin’s AE Coin can serve as a local trading pair for cryptocurrencies on exchanges and decentralized platforms, and merchants…
Peter Jang October 13, 2024 02:11 Experts at the NVIDIA AI Summit in Washington, D.C. discussed safety standards and technological innovations shaping the future of self-driving cars. The autonomous driving industry is experiencing rapid technological advancements with a growing need for standardized safety guidelines. According to the NVIDIA blog, this was a key focus at the NVIDIA AI Summit in Washington, D.C., where industry experts gathered to discuss the evolving safety landscape for autonomous vehicles (AVs). Regulatory and technical insights Danny Shapiro, Vice President of Automotive at NVIDIA, led a discussion with notables including…
Polygon (POL) Labs CEO Marc Boiron argued why OP Stack Chains is integrating with AggLayer. Boiron’s arguments range from cost to sovereignty. Polygon heads have repeatedly suggested that the OP stack chain will come to AggLayer. As it pursues expansion, Ethereum’s roadmap has become increasingly rollup-centric, leading to the emergence of multiple layer 2 chains. But the Layer 2 boom did not come without costs or challenges. One of these concerns is fragmentation, which has led competing Layer 2 solution providers to propose interoperability solutions. While interoperability solutions developed by most layer 2 stack providers are limited to stack users,…
Bitcoin price opened the week with a strong rise to $66,300, but can the bulls maintain the current momentum? Much of the Bitcoin (BTC) price rise over the past seven months has been capped by overhead resistance, most recently reaching the $65,000-$66,000 level, where the price has yet to secure a daily close. The price rally on October 14th put Bitcoin in a similar scenario where the trendline of the descending channel briefly collapsed, but it is yet to be determined whether BTC will end the day clearly above the channel resistance. BTC/USDT 1-day chart (Binance). Source: TradingViewAs with previous…
Flappy Bird Foundation secures $2 million in funding to revive iconic mobile gaming brand – Chainwire housenewsroomThe Flappy Bird Foundation has secured $2 million in funding to revive the iconic mobile gaming brand. We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with 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…
Everyone, I hope you had a great weekend. In today’s Daily, Donald Trump-backed World Liberty Financial claims more than 100,000 whitelist members, Kamala Harris pledges to support a cryptocurrency regulatory framework that provides protections for black men, and CoinShares says there is a political shift to the Republican Party. He said he led the rebound in cryptocurrency fund flows last week. .Meanwhile, Venice co-founders Erik Voorhees and Teana Baker-Taylor told The Block on the latest episode of The Scoop podcast: “I don’t care if AI scares you. It’s inevitable.”Let’s get started.World Liberty Financial, which is backed by Donald Trump, claims…
Swissblock’s chief macro strategist is predicting major moves by Dogecoin (DOGE) rivals ahead of a potential high for the risky asset. Henrik Zeberg told his 155,900 followers on social media platform “WIF: Wait for the pop!” Source: Henrik Zeberg/X Looking at his charts, the analyst suggests that WIF is printing a series of higher lows and higher highs on a 4-hourly basis. In June, analysts used Elliott Wave Theory to predict that WIF would explode to the $55 level. The theory is that assets tend to have five-wave rallies, with wave three being the longest and strongest. Source: Henrik Zeberg/X…
The Ethereum Foundation’s EcoDev research team is pleased to announce five six-month research fellowship positions. This fellowship provides participants with the opportunity to delve deep into unexplored Ethereum use cases and identify blockers and enablers that could impact their development. Researchers, developers, community members, and experts from other industries are invited to apply by submitting background information and a one-page research proposal. We are looking for innovative ideas focused on the following early Ethereum use cases: Ethereum’s features provide real, unique benefits.Focus on use cases that create positive outcomes and real benefits.It has not yet gained significant traction or been…