A date has been set for the Cardano (ADA) blockchain to undergo the long-awaited Chang hard fork. The Cardano community announced in a post on social media platform X that the Chang upgrade will take place on September 1. According to Intersect, a membership-based organization for the Cardano ecosystem, blockchain community leaders, the Cardano Foundation, development company Input Output Global, and other constituents have unanimously agreed to launch Chang 1 on the Cardano mainnet. The first Chang upgrade introduces governance features to Cardano, enabling decentralized voting and various other governance processes. Chang upgrade 2 is expected to unlock more on-chain…
Author: Crypto Flexs
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Some analysts have described Bitcoin’s market structure on a weekly basis as a bullish flag or expanding wedge pattern, which would see BTC make new highs once it completes. Despite the current price action and the holding of the chart pattern, Bitcoin continues to sell at upper resistance levels and is sensitive to macroeconomic conditions. BTC/USDT weekly chart. Source: TradingViewIn this week’s The Week Onchain Newsletter, Glassnode analysts concluded that Bitcoin’s strength has been weakening as the market has been stuck in a “structurally orderly downtrend” for the past five months. Among other factors, the analysts cited the launch of…
In cryptocurrency trading, derivatives contracts are investments whose value is determined by the underlying cryptocurrency, such as Bitcoin or Ether. These contracts allow traders to speculate on the price movements of cryptocurrencies without owning the assets themselves. Common types of cryptocurrency derivatives include, but are not limited to, futures contracts and perpetual contracts. What is cryptocurrency futures trading? Unlike spot trading in cryptocurrencies, where assets can change hands instantly, futures contracts are contracts where the person who “shorts” the contract is obligated to deliver the asset to the person who “longs” the contract at a set price on a future…
NEAR’s bullish market structure appears to be at odds with disappointing market demand. Spot CVD offered hope that bulls could defend $3.85. NEAR Protocol (NEAR) is in a downtrend on the higher time frames at the time of writing. On the chart, the bulls have found refuge at the $3.85 level, which is the 78.6% Fibonacci retracement level of the rally from $2.45 to $9 in February and March. Since then, the market structure has flipped bullish several times. At the time of writing, the structure is bullish, but the outlook for the token is bearish. $5 rejection and continued…
next time arrest Privacy advocates immediately came to his defense following Telegram CEO Pavel Durov’s remarks in Paris last week, including those from Proton CEO Andy Yen. calling Durov’s arrest ‘insane’But since then, tensions have arisen between privacy-focused apps and cryptocurrency developers, with some questioning Telegram’s “tools.”User Privacy.”In a recent interview madMeredith Whittaker, president of secure messaging app Signal, has argued that Telegram “does not offer meaningful privacy or end-to-end encryption.” She has characterized Signal as a “private, secure communications app,” while Telegram is “a social media app that allows individuals to communicate with millions of others simultaneously.”Signal co-founder Moxie…
Louisa Crawford 30 Aug 2024 18:22 The Hong Kong Monetary Authority (HKMA) reported that home loan applications increased by 0.7% in July 2024, with significant trends in home loan originations and delinquency rates. The Hong Kong Monetary Authority (HKMA) has released the results of its July 2024 residential mortgage loan survey, revealing some key trends in the market. Increase in mortgage applications According to the HKMA, the number of mortgage applications in July 2024 increased by 0.7% month-on-month to a total of 6,740. This slight increase indicates that there is a steady demand for…
Bitcoin (BTC) has struggled to hold above $60,000 for a whole week, with the most recent rejection occurring on August 27. A two-day correction of 9.9% then sent Bitcoin to a low of $57,918 on August 28, prompting the liquidation of $143 million in leveraged BTC long positions on derivatives exchanges. Now, traders are questioning why Bitcoin continues to struggle above $60,000.Spot Bitcoin ETF outflows are a lagging indicator of Bitcoin demand.Some analysts have attributed the recent weakness to disappointing outflows from Bitcoin exchange-traded funds (ETFs). However, such data is usually reflective, so traders often turn bearish when news events…
Tron founder Justin Sun is taunting bears to sell their SUN memecoin in a post that bears say bears are holding on to, in a move that bears an uncanny resemblance to a previous social media post by bankrupt FTX founder Sam Bankman-Fried.Sun expressed his disappointment with opponents of the newly launched Sun token with an X. The founder wrote in a post on August 30th:source: Justin SunSUN is the utility token of Sun Pump, the first memecoin launch platform on the Tron network, similar to Solana’s memecoin distributor Pump.fun. Sun Pump overtook Pump.fun in daily active users and revenue…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. Meme Games has earned $400,000 in pre-sales, fueled by Paralympic excitement and Olympic-themed appeal. Meme Games (MGMES), a new Olympic-themed meme coin, continues its fundraising campaign, having reached $400,000 in pre-sales. The hosting of the Paralympics helped remind traders of the Olympic spirit and the excitement that comes with it. Investors Pile into The Meme Games Ahead of DEX Launch on September 10 The Meme Games pre-sale has seen a noticeable increase in demand this week. With the Paralympics…
Law • August 30, 2024 12:19 PM EDT Posted 1 minute earlier ~ in It’s Friday! In today’s newsletter, Elon Musk wins Dogecoin class action lawsuit, BlackRock’s IBIT posts first net sales since May, Gnosis Chain members re-evaluate gas token choice among MakerDAO pivots, and more.Meanwhile, Securitize CEO Carlos Domingo predicted in the latest episode of The Scoop podcast that tokenized government bonds will replace stablecoins as the preferred collateral for institutions.Let’s get started.Elon Musk, Dogecoin Class Action Lawsuit ClearedElon Musk and his businesses Tesla and SpaceX won a ruling on Thursday dismissing a class action lawsuit alleging that Musk’s…