Market analysts are eyeing a rally to $3,000 for Ether, but that could only happen in Q4 2024. When will Ether overcome its key resistance level of $2,700?Ether is poised to break $3,000 in Q4.According to crypto analyst Poseidon, the price of Ether (ETH) appears to be heading towards a breakout above the psychological level of $3,000. He wrote in an August 28 post on X:”The plan was followed, long positions were filled below $2,500. Price tested daily demand, cleared the same low, and recovered above it again. It’s too early to tell, but everything looks good for a move…
Author: Crypto Flexs
Read More
The congressional committee that oversees U.S. securities and most financial products will schedule a September hearing filled with cryptocurrency-related topics, the person said. The chairman, Rep. Patrick McHenry (R-N.C.), is retiring at the end of the year, and one of his remaining top priorities will be finalize one of the bills It has begun drafting tailored federal rules for cryptocurrencies.
US Policy Decision • August 29, 2024 1:08 PM EDT Posted 1 minute earlier ~ in Updated: August 29, 2024 1:15 PM EDT Happy Thursday! In today’s newsletter, we’re talking about Kakao and LINE’s Layer 1 blockchain Kaia launching its mainnet, IREN recording record Bitcoin mining revenue, Edge Matrix Chain raising $20 million, and more.Meanwhile, The Scoop newsletter explores how Gary Gensler is helping Donald Trump.Let’s get started. Kakao and Line Launch Layer 1 Blockchain MainnetKaia, an EVM-compatible Layer-1 blockchain developed by Asian messenger app giants Kakao and LINE, has officially launched its mainnet with a focus on ultra-fast transactions…
Terra Luna Classic is out of the top price range, but there is a chance that its price will rebound soon. Looking at liquidity levels, it seems likely that the token will fall by double-digit percentages over the next two weeks. Terra Luna Classic (LUNC) retested the highs of its two-month range during the recent rally, but failed to break above the resistance level. It broke above the mid-range level when Bitcoin (BTC) broke $60,000 on August 21. The bankruptcy court order in the Terraform Labs case means that a shuttle bridge can be opened to facilitate token movement between…
Darius Baru Aug 30, 2024 02:10 Bitfinex has released version 1.102, which includes several improvements and fixes to improve user experience and platform performance. According to blog.bitfinex.com, Bitfinex has announced the release of version 1.102, introducing important updates and fixes to its trading platform. The latest version aims to improve user experience and improve overall platform performance. Major Improvements The new update brings a number of improvements, most notably focusing on the TradingView chart calendar, multi-update modal for orders, and spread ladder positions. Key updates include: TradingView chart calendar updated the current date…
Main Content The partnership between Tixbase and Passo is the largest blockchain ticketing deal to date. This partnership will see the launch of NFT tickets, turning them into collectible assets. Share this article Blockchain ticketing platform Tixbase has signed an exclusive five-year partnership with Passo, a leading event ticketing company in Turkey. The collaboration seeks to use blockchain technology to solve security, transparency, and user experience issues in the ticketing industry while also regulating the secondary market.This partnership represents a significant transaction for blockchain ticketing, and potentially signals increased interest in blockchain solutions in the sector. The partnership will integrate…
We round up the weekly news from across Asia, highlighting the most important industry trends. Manhunt ends in South Korea as suspect caught with $15,000 new face According to a report citing a press conference on August 29, South Korean police have arrested 14 people involved in a cryptocurrency mining scam that netted 16 billion won (about $12.1 million). Police have identified the mastermind behind the scheme only as “Mr. A” (a common practice for suspects before they are formally convicted). Mr. A is accused of defrauding victims by promising them 18% monthly returns if they invested in a fake…
A lawsuit accusing Elon Musk and his electric car company Tesla of manipulating the price of Dogecoin, causing $258 billion in losses, has been dismissed. The lawsuit was dismissed on August 29 by U.S. District Judge Alvin Hellerstein of the Southern District of New York. Judge Hellerstein said the defendants made several “material misrepresentations” in response to Musk’s tweets about Dogecoin, including that Musk would become the official CEO of Dogecoin and that Musk could “literally” put Dogecoin on a SpaceX vehicle and fly it to the moon. “These statements are wishful thinking, exaggerated, untrue, subject to falsification (…) and…
El Salvador President Nayib Bukele, who passed a law making Bitcoin legal as a legal currency in the Latin American country, said such currency experiments have had mixed results so far.“Bitcoin Bitcoin +0.017% “It hasn’t been as widely adopted as we had hoped. A lot of Salvadorans use it. Most of the big companies in the country have it,” Bukele said in a wide-ranging interview. Time Magazine To the question of whether Bitcoin monetization was “successful”“The positive side is that it is voluntary. We have never forced anyone to adopt it. We have made it optional, and those who have…
Solana started a new downtrend below $155 and $150. SOL price tested $140 and is currently struggling to make a recovery wave. The SOL price has been trending downwards, falling below $150 against the US dollar. The current price is trading below $148 and the 100 hourly simple moving average. On the hourly chart of SOL/USD, a resistance line is forming at $145.50, forming a short-term descending channel (data source: Kraken). The pair could experience a recovery wave if it breaks through the $148 resistance zone. Solana Price, $140 Revisit Solana price started a new downtrend at levels well above…