This article is also available in Spanish. Ethereum is down at time of writing, reflecting its overall performance. The nearly 2% decline in the cryptocurrency market was due to contraction in Bitcoin, Ethereum and top altcoins. Currently, the total market capitalization has decreased to $2.17 trillion. If pressure comes, it could record more losses, reversing September’s gains. Ethereum under pressure, is support available at $2,350? Last week alone, CoinMarketCap data showed show Ethereum fell 10%, taking losses below the previous support level of $2,400 and now resistance. While it may seem like the sharp decline for most of this week…
Author: Crypto Flexs
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The CFTC subcommittee recommends the use of DLT-based collateral for transactions. Approval could expand access to digital assets for smaller market participants. Strong ETF inflows indicate growing institutional interest in digital assets. In a significant development for the digital asset market, the U.S. Commodity Futures Trading Commission (CFTC) is reportedly considering a proposal that would allow the use of digital ledger technology (DLT)-based collateral for commodity and derivatives trading. According to Bloomberg, the CFTC’s Global Markets Advisory Committee subcommittee recently voted to recommend the proposal. If approved, this proposal could streamline transactions and promote widespread adoption of digital assets in…
Flare crypto bulls attempted a breakout but were denied. Clues from the volume trend suggest a continued upward trend, with recovery still unlikely. Flair (FLR) has been trading in a range since early August. The range extends from $0.0143 to $0.0167, with the midpoint at $0.0155. The token saw a significant surge in trading volume on October 2nd. This surge was accompanied by sharp price increases. FLR surged from the lows of the day to achieve a breakout, but has since been forced to decline. The out-of-range was flatly denied. Source: FLR/USDT on TradingView This price drop is a 12.42%…
Tony Kim October 2, 2024 16:59 Mocaverse has partnered with Square Enix’s SYMBIOGENESIS to leverage Animoca Brands’ extensive portfolio to streamline Web3 user onboarding. Mocaverse, a prominent consumer network powered by Animoca Brands, announced a strategic partnership with Square Enix’s SYMBIOGENESIS to accelerate user transition from Web2 to Web3, according to Animoca Brands. Symbiosis: A New Era of NFT Collectibles SYMBIOGENESIS, Square Enix’s groundbreaking NFT collectible art project, represents a groundbreaking leap forward in digital entertainment. Square Enix’s SYMBIOGENESIS, known for iconic gaming titles like Dragon Quest and Final Fantasy, is offering 10,000 NFTs…
Bitcoin (BTC)’s ‘Uptober’ got off to a rough start. In the first three days of the month, the price of BTC fell from $66,000 to less than $60,000.Moreover, despite Bitcoin’s three-week overall uptrend, it is currently forming a bearish trend on the weekly chart, which could indicate a prolonged period of consolidation before recovery.BTC/USDT weekly chart. Source: TradingViewLet’s take a look at how low the Bitcoin price could fall if the current correction continues in the coming days and weeks. “Golden Zone” recovery On September 27, Bitcoin closed its daily candle higher than the previous local high, forming a bullish…
Ethereum (ETH) price fell 12% between October 1 and October 3, unable to overcome the $2,650 resistance level. This bearish momentum erased all the gains of the past two weeks and the optimism that emerged after breaking the $3,000 support line two months ago.Traders are now questioning whether Ether can recover to $2,800 and what conditions are needed for ETH to reverse its current trend and outperform the broader cryptocurrency market. The price of Ethereum has fallen 5% since September 1, but the overall cryptocurrency market capitalization has increased by 1.4%.ETH/USD (green) versus total cryptocurrency limit (blue). Source: TradingViewIn particular,…
Financial institutions that choose to launch a real-world asset tokenization platform and stablecoin on Solana could position themselves as a blockchain that could “seriously challenge” Ethereum in the long term, according to a Swiss cryptocurrency bank.There have recently been signs that even “conservative institutions” may prefer Solana’s scalability over the stability and security benefits of Ethereum, Sygnum Bank said in an October 1 report.“A PayPal executive recently claimed at a Solana event that ‘Ethereum is not the best solution for payments.’”Rival payment processing company Visa recently integrated Solana for USD Coin (USDC) payments and boasted “high throughput” and “low costs,”…
To demonstrate that stablecoins pegged to the U.S. dollar can be easily used for commercial payments, PayPal has completed its first business transaction using its proprietary token. PYUSD +0.082% Bloomberg reported on Thursday.The Silicon Valley-based digital payments company said it paid its invoices to multinational accounting firm Ernst & Young, according to the report.“B2B payments are poised for innovation, and digital currencies can deliver incredible value in these use cases,” Steve Everett, director of market development at PayPal, said in a Coinbase blog post. The funds paid by PayPal to Ernst & Young were deposited into the accounting firm’s Coinbase…
Edward Snowden raised concerns about Solana. Solana developers defend the network. Is Solana really centralized? Solana has been under scrutiny for centralization for several years. These issues have recently received renewed attention following criticism from digital privacy advocate Edward Snowden. Speaking at the Token2049 conference in Singapore on Wednesday October 2nd, he raised serious concerns about Solana. Snowden argued that the focus on speed and low transaction costs undermines decentralization, making it vulnerable to control by authoritarian regimes. These comments sparked discussion about how centralized and vulnerable Solana is. Is Solana centralized? Snowden’s criticism sparked debate about Solana’s centralization and…
Harvard scientists develop TxGNN, an AI model that uses zero-shot learning to identify new uses for existing drugs and potentially close treatment gaps for rare diseases. (read more)