Market structure showed hopeful signs, but the long-term trend was unfavorable for buyers. Short-term sentiment was bearish and spot buyers were also weak. Ethereum Classic (ETC) broke above the $20 level on Friday, August 23. There were bullish expectations for the token, but sentiment across the market changed as Bitcoin (BTC) fell below $60,000. Ethereum Classic could have bullish hopes if it can defend the nearby $18.3 and $17.68 support levels. In fact, volume indicators have shown a surge in buying pressure. But will that be enough? Strong Structure, Bearish Trend Source: ETC/USDT on TradingView Ethereum Classic has been in…
Author: Crypto Flexs
Read More
Caroline Bishop August 31, 2024 00:29 The Ethereum Foundation has released an allocation update for Q2 2024, focusing on community and education initiatives around the world. According to the Ethereum Foundation blog, the Ethereum Foundation released its Q2 2024 allocation update, highlighting various community and educational initiatives around the world.Community and Education InitiativesNotable allocations include several events and programs aimed at promoting blockchain education and community engagement. The Ethereum Foundation supported the BeerFi Prague Meetups in the Czech Republic, a technical meetup focused on builders and contract development. Additionally, the Blockchain Course with UNAH…
It’s simple. If you don’t worry about it, no one else will. The same goes for software or hardware wallets, exchanges, and asset managers. So you need to think about what you need to do to protect the generational crypto wealth you’ve created and reduce the risk of passing that crypto wealth on to your family or heirs. Create a crypto inheritance management plan today. What are the challenges of cryptocurrency inheritance? I need the latest information Wallet seed phrase and private key inventory. As with anything you want to inherit, you should provide a list to your attorney. However,…
Cardano (ADA) price fell today, reflecting investor caution ahead of the blockchain’s first hard fork in two years.Chang Hard Fork Brings On-Chain Governance to Cardano The price of ADA has fluctuated between ups and downs over the past 48 hours. On August 30, it fell 1.5% to $0.35, wiping out almost all of the gains it had made the previous day.ADA/USDT daily price chart. Source: TradingViewThis bullish and bearish slump reflects traders’ uncertainty about the impact Cardano’s Windows hard fork could have on the ADA market. The network upgrade will begin on September 1 and will allow users to participate…
Terryl Dickey August 31, 2024 01:25 NVIDIA’s new Regularized Newton-Raphson Inversion (RNRI) method provides fast, accurate, real-time image editing based on text prompts. NVIDIA has unveiled a groundbreaking method called Regularized Newton-Raphson Inversion (RNRI) that aims to enhance real-time image editing based on text prompts. Highlighted on the NVIDIA Tech Blog, this groundbreaking technique promises to strike a balance between speed and accuracy, and represents a significant advance in the field of text-to-image diffusion models. Understanding Text-Image Diffusion Models Text-to-image diffusion models generate high-quality images from user-provided text prompts by mapping random samples from…
U.S. spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $71.73 million on Thursday, extending the outflow streak to three days.BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, reported negative flows for the first time since May 1, with net outflows reaching $13.51 million. data In SosoValue. Grayscale’s GBTC continued its outflow streak on Thursday with $22.68 million flowing out of the fund, while Fidelity’s FBTC recorded a net outflow of $31.11 million. Bitwise’s BITB also saw $8.09 million flow out of the fund, while Valkyrie’s BRRR saw $1.68 million in outflows.Ark and ARKB from 21Shares were…
Cardano (ADA) price is gearing up for a rally, with the upcoming Change hard fork potentially sending the altcoin soaring. These results are supported by large wallet holders and retail investors, whose demand can generate billions of dollars in profits. Cardano investors see green Cardano’s price is on the verge of potentially exceptional gains ahead of the network’s upcoming hard fork, which will implement new on-chain governance features that will allow Cardano users to play a more direct role in network decisions. Originally scheduled for late August, the hard fork has been postponed to September 1. This has led to…
Felix Pinkston August 31, 2024 01:52 AMD’s Radeon PRO GPUs and ROCm software enable small businesses to leverage advanced AI tools, including Meta’s Llama model, for a variety of business applications. According to AMD.com, AMD has announced new features in its Radeon PRO GPUs and ROCm software that will allow small businesses to leverage large-scale language models (LLMs), including Meta’s Llama 2 and 3, and the newly released Llama 3.1. New capabilities for small businesses AMD’s Radeon PRO W7900 dual-slot GPU, with dedicated AI accelerators and significant onboard memory, delivers market-leading performance per dollar,…
Main ContentCredete has raised $2.25 million in a seed funding round led by Blockchain Founders Fund.Credete leverages blockchain technology to provide a dual benefit for African migrants by enabling them to build credit and send money home at low fees, thereby solving the dire financial integration challenges facing migrants.Since its launch, Kredete has grown rapidly, reaching over 300,000 users and processing over $100 million in transactions.Kredete, a fintech platform for African immigrants, has raised $2.25 million in seed funding. The funding round was led by Blockchain Founders Fund, with contributions from influential investors including Techstars, Tezos Foundation, and Polymorphic Capital.The…
Telegram, a popular messaging service among cryptocurrency enthusiasts, held $400 million worth of digital assets as of the end of 2023, according to a report in the Financial Times.The report, which cites a copy of Telegram’s 2023 financial statements, found that a significant portion of the messaging app’s revenue came from digital asset-related activities listed under the “integrated wallet” and “collectibles sales” categories.The combined revenue of the two line items is approximately $148 million, or about 40% of Telegram’s annual revenue. According to the report, “the integrated wallet is a software program that allows users to store, send, receive, and…