This article is also available in Spanish. Ethereum is unchanged at press time, moving within a narrow $400 range with a lower limit of $2,300 and an upper limit of $2,800. Investors are optimistic, expecting prices to surge in the next session, but uncertainty continues to sweep the markets. Ethereum finds support at $2,300: over 52 million ETH purchased. The world’s second most valuable coin is weak, down more than 50% from its July high and unable to break local resistance at $3,500. With traders closely monitoring how the price action plays out, one analyst has picked up an interesting…
Author: Crypto Flexs
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Bitcoin (BTC) was shaken around the opening bell on Wall Street on October 10 as mixed inflation data from the US sparked volatility in risk assets.BTC/USD 1-hour chart. Source: TradingViewUS Inflation Data Fallout: Positive for Bitcoin Data from Cointelegraph Markets Pro and TradingView captured volatile BTC price conditions focused around $61,000.The U.S. Consumer Price Index (CPI) in September exceeded expectations, pointing out that inflation factors are stronger than expected.An official press release from the U.S. Bureau of Labor Statistics (BLS) confirmed, “Over the past 12 months, the seasonally adjusted All Items Index increased 2.4%.”US CPI 12-month % change. Source: BLSAt…
It’s Friday! In today’s newsletter, Michael Saylor’s MicroStrategy is valuing the Bitcoin banking endgame at $1 trillion, while Paradigm has invested $20 million in the company behind Layer 2 Blockchain Odyssey, a blockchain analytics platform. arkham ARCM +14.94% We plan to launch a cryptocurrency derivatives exchange.Meanwhile, Mt. Gox postponed the repayment deadline to 2025.Let’s get started.MicroStrategy estimates the final value of Bitcoin Bank at $1 trillion.Michael Saylor said MicroStrategy’s ultimate goal is to become the world’s leading Bitcoin bank with the potential to reach a $1 trillion valuation. “(Bitcoin BTC +3.25% ) is the most valuable asset in the world.…
Blockchain technology has gained enormous popularity in recent years, and its impact is now reaching the world of online gaming. This innovative technology is changing the way the gaming economy works by providing new ways to manage digital assets, ensure transparency, and empower players. In this article, we’ll look at how blockchain is shaping the online gaming economy and what this means for both developers and gamers.Understanding blockchain in gamesBefore we dive into how blockchain impacts the gaming economy, it is important to understand what blockchain is and how it works in this context. Blockchain is a decentralized distributed ledger…
Singapore, Singapore, October 10, 2024, ChainwireLeading investors have joined forces to support Yala’s vision for a multi-chain ecosystem connected to Bitcoin.Yala, Bitcoin’s liquidity protocol and stablecoin issuer, announced the successful completion of a seed funding round that was oversubscribed 3x. The round was co-led by Polychain Capital and Ethereal Ventures, with participation from notable investors including Galaxy Vision Hill, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), SatoshiLab, and UpHonest Capital. , UTXO Management and 280 Capital.Yala’s team raised a seed round of $8 million at an undisclosed valuation to fund the expansion of its…
jack anderson October 8, 2024 11:42 BNB Chain announced CoCo Coin (COCO) as the winner of Phase 3 of its Meme Liquidity Program, which supports meme projects through liquidity and growth. The BNB Chain ecosystem announced CoCo Coin (COCO) as the winner of the third phase of the “Meme Heroes” support program. According to the BNB Chain blog, this initiative aims to strengthen meme projects by providing critical liquidity pool (LP) support, fostering growth, and improving liquidity within the BNB Chain ecosystem. What is CocoCoin? CoCo Coin operates on the BNB Smart Chain (BSC)…
The founder of Tezos (XTZ) and his wife have once again taken the IRS to court over its handling of staked XTZ tokens. In a new complaint filed in federal court in Tennessee, Josh and Jessica Jarrett argue that newly minted tokens through staking should only be treated as taxable if they are sold. “New properties are not taxable income. Instead, taxable income arises from the proceeds from the sale of the new property. In all other situations, the IRS recognizes that new property is not taxable income. If a taxpayer creates new property, such as a crop, a writer’s…
Blockchain analysis company Arkham Intelligence plans to open a cryptocurrency derivatives exchange as early as next month, Bloomberg News reported. Bloomberg, citing sources familiar with the matter, said the exchange would target retail traders and compete with established platforms such as Binance. Arkham is reportedly already in the process of obtaining a license in the Dominican Republic, where it plans to operate an exchange. Arkham’s blockchain tracker. Source: Arkhamrelevant: Bitcoin ETF Options Expected By Q1 2025: Bloomberg AnalystThe cryptocurrency derivatives market is growing explosively, driven primarily by the trading activity of individual investors. According to a report by CCData, cryptocurrency…
After falling below $2,450 on October 2, the price of Ethereum (ETH) has consolidated within a narrow gap of $100 over the past nine days. While Bitcoin (BTC) saw market volatility, Ether’s weekly returns fell only 1%. On the weekly chart, Ethereum maintained its bullish position by staying above the 200-day EMA trendline. ETH/USD on weekly chart. Source: TradingViewSeveral bullish signals have now been confirmed for the altcoin, which could trigger a positive breakout for the ETH/USD trading pair.Ether Enters Final Stage of Bullish FractalLast month, Cointelegraph reported that Ethereum’s price movements were forming a market fractal, which was first…
Ripple co-founder Chris Larsen donated $1 million in cryptocurrency to a political action committee supporting Vice President Kamala Harris.According to the Federal Election Commission filingsLarsen contributed $1 million to “non-contributory account; in-kind: 1,754,815.29″ on August 14th. XRP +1.81% It was not liquidated.” The funds went to Future Forward PAC. Accepts cryptocurrency donations On behalf of Harris’ presidential campaign.Future Forward PAC partners with Coinbase Commerce. According to the website, it automatically converts the user’s chosen currency to the stablecoin USDC to reduce volatility.First Eleanor Terrett on Fox Business reported After hearing about Larsen’s donation, he said it was the first cryptocurrency…