Author: hotcrypto
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since 9 November, Bitcoin Cash (BCH) has steeply declined in a down-channel (white). For the most part, the 20 SMA (red, mean of Bollinger Bands) stood as a sturdy resistance until the bulls flipped it to support after breaking out of the pattern. From here on, the alt needed to sustain a close above the $354-resistance to confirm a possible uptrend in the coming days. While the buyers build up pressure to snap the 50 EMA (cyan), any close below…
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The traditional banking sector has started to provide services in a limited and completely covert way. People trying to profit by operating their assets through banks and investment companies have never had full access to the information concerning where and how their investments are being used.While this situation continues, the DeFi sector, which provides a very transparent service thanks to blockchain technology, continues to be the shining star of financial services.VertoChain (VERT), which emerged recently, was created to respond to increasing demands with a different concept. VertoChain…
Recursion process promises reduced gas fees and improved speed on layer-2 chains for NFT and DEX transactions “We’re creating capacity for the future,” says StarkWare president The transition to proof-of-stake has been the focus of Ethereum’s development efforts for much of the past year. Now that the Merge has an official target date of roughly Sept. 15, investors are asking, what comes next? Blockworks spoke to Ethereum scaling solutions developer StarkWare on the importance of scaling efforts on layer-2s — specifically a separate but complementary development that intends to boost throughput: recursion. StarkWare announced its new recursive validity proof technology…
Binance would love to work with local banks to open an account in South Africa, co-founder and CEO “CZ” Changpeng Zhao has told MyBroadband. Zhao was responding to questions about Binance delisting ZAR trading pairs and whether it would consider launching support for rand deposits. “If there are local banks willing to work with Binance to open bank accounts, we would love to do that because… it’s a better user experience.” Binance operates the world’s biggest centralised exchange for cryptocurrencies by trading volumes. He said that although it sounds counterintuitive, working with cryptocurrency exchanges and allowing them to operate is…
A former fiat slave, now a carnivorous bitcoin zealot. Andrew is the author of a daily letter called Bitcoin Unlocked, where he dives deeply into the transformational nature of bitcoin and how he believes it changes the game from incentivizing short term zero-sum games, flipping the board on its head to a world where the path of least resistance is to play long-term win-win games instead. Andrew is now focussed toward contributing to support the proliferation of freedom money in the world and seeks to work with and support like minded and value orientated businesses and individuals in service of…
Bitcoin (BTC) and Ethereum (ETH), the world’s most- and second most-valued crypto coins, respectively, registered minor dips but managed to stay in the $24,000 and $1,800 range on early Tuesday (August 16) morning. Alongside, popular altcoins such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) saw minor losses across the board. Among lesser-known crypto coins, the Chiliz (CHZ) token emerged as the biggest gainer. On the other hand, the Celsius (CEL) token saw the most loss over the last 24 hours. At the time of writing, the global crypto market cap stood at $1.15 trillion as per CoinMarketCap data, registering…
SHIB is currently one of the most talked-about cryptocurrencies on the market. In the past couple of days, there has been a rise in the price of the memecoin, which has recorded an increase of more than 30%. But will the rise continue? Peter Brandt is one of the most experienced analysts in the financial markets. He recently stated that Shiba Inu (SHIB) could rise. He shared his analysis via TradingView. In his latest technical analysis, Brandt said that SHIB may have entered a bull cycle. SHIB: Will the Price Rise Continue? David Gokhshtein, one of the well-known names in…
Guest Author Supontis Token (PON) pre-sale gains traction despite crypto is trapped in bear market In the cryptocurrency markets, where investment trends are on an upward course, the beginning of the bull trend, which has been predicted to emerge for a while, has begun to appear. Investors, who draw attention to the need to evaluate buying opportunities in this bear market, say that a rare opportunity window has been opened to expand the portfolio. Source: unsplash.comInvestors aiming to make a profit in the long term also show great interest in newly developed projects such as Supontis Token (PON). Supontis Token…
Cryptocurrency markets are in the red this Monday morning. The global market cap is down by 1.57 per cent over the last 24 hours and is at $1.14 trillion as of 6:00 AM IST, CoinMarketCap data showed. Bitcoin, the largest cryptocurrency as per market cap, is down by 1.12 per cent and is trading at $24,107. Ether token of the Ethereum network also showed a downtrend. The cryptocurrency fell by 2.67 per cent and is trading at $1,897. Stablecoin USDT Tether showed 0.01 per cent negative change in its value over the last 24 hours. The stablecoin is trading at…
At the time, Blockchain technology was seeing a meteoric rise in popularity, and the internet is one of the most unique sectors in which it is anticipated to demonstrate development. Because the networks that create Web 3.0 will run on decentralized protocols, the fundamental building blocks of blockchain and crypto technology, we can anticipate that there will be a significant convergence and a mutually beneficial relationship between these three technologies and other areas of study. Cryptocurrencies built for the Web 3.0 standard are decentralized initiatives that use smart contracts and automate transactions conducted over the internet. Therefore here is a…