Day: August 4, 2023

Optimism and Polkadot falling, Borroe sells over 3 million ROE in ongoing presale

Optimism (OP) fell and lost over 5% in early August.  On the other hand, Polkadot (DOT) remains in a tight trade range. Meanwhile, investors are analyzing a new crypto project, Borroe, currently conducting its presale.  Borroe raised $250,000 in five days, selling 25 million ROE, its native token. Investors maintain a bullish outlook on the project. Optimism is bearish In July 2023, Binance changed its operations in response to user feedback. These changes appeared to benefit Optimism, as the minimum block number and the deposit speed were reduced. Following this update,…

Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market

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Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked U.S. dollar strength. BTC/USD 1-hour chart. Source: TradingView U.S. unemployment gives mixed picture Data from Cointelegraph Markets Pro and TradingView followed BTC price action as BTC/USD set daily highs of $29,273. U.S. jobless figures came in below expectations on the day, at 3.5% versus an estimated 3.6%, while the number of jobs added was less than forecast. Responding, financial commentator Holger Zschaepitz said that the data had “no clear message.” “Despite the…

Users said CertiK’s warning was a false alarm, then, the project rugged

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A blockchain security firm tried to warn users of an imminent rug pull surounding a crypto project. Investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull, pulled the plug. This is the story of CertiK, a blockchain security firm that was just trying to do its job, the users who tried to stop them from doing so, and the project, Crypto Cars, who (perhaps gleefully) turned its back on its users.  Back in 2022, CertiK issued a…

Is SUI Price Under Threat Due to Transactional Boom And Bust?

Sui network’s persistent growth propelled it into the league of the top 100 cryptocurrencies by market capitalization, but the value of the SUI token has been on a downward trajectory. Sustaining this heightened market position presents difficulties, as demonstrated by the recent performance of the Sui token’s value.  Sui token is currently priced at $0.591478, according to CoinGecko, with a 0.3% drop in the past 24 hours and a 6.0% decrease over the past seven days. The Sui network experienced a big surge, reaching unprecedented heights before undergoing a sharp decline…

Bitcoin Vortex Indicator Flashes Buy Alert

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Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path. Forecasting A Storm in Crypto Like a meteorologist can with some degree of accuracy forecast the weather, a technical analyst can increase the probability of predicting price movements. Both fields rely on on watching for potentially cyclical behavior, repeating patterns, seasonality, and historical trends. But instead of classifying cloud formations, technical…

Ensuring integrity of blockchain transactions: Trust through audits

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. Through the audit process, smart contract code is painstakingly examined to identify vulnerabilities of all levels, ranging from minor loopholes to critical weaknesses that could potentially expose millions to risk. Auditors review and reveal centralization issues, ensure the project code functions as the developer intended, and…

Will Binance’s Zero-Fee Trading Help Bitcoin And Ethereum Prices

Binance, the world’s largest crypto exchange, recently added the BTC/FDUSD and ETH/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based licensed trust company, First Digital. With the new zero-fee trading program, users can buy and sell supported cryptocurrencies using FDUSD without paying transaction fees.  Binance Introduces Zero-Fee Trading Program The zero-fee trading program is part of Binance’s efforts to increase trading volumes between stablecoin pairs. The company currently has a zero-fee bitcoin trading &…