Day: January 25, 2024

10 Decentralized Applications Integrate Sui’s Groundbreaking “zkLogin” Google Authentication – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman islands, January 25th, 2024, Chainwire Gaming, Ecommerce and DeFi applications are leveraging Sui’s singular social authentication to eliminate the biggest hurdle blocking mainstream audiences from web3. Sui, the rapidly ascending Layer-1 blockchain created by the leaders of Facebook’s Diem project, today announced that over 10 decentralized applications (dApps) in the Sui ecosystem have integrated zkLogin, the first-of-its-kind primitive that makes Web3 login as simple as signing in with familiar web credentials such as Google or Twitch. Sui continues to advance zkLogin, adding new providers and additional features…

Analyst Predicts Price Nosedive To $38,130

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The price of Bitcoin has been on a bearish trend for the past few days now, which has led to several crypto analysts predicting an even more bearish action for the crypto asset in the near future. Bitcoin Price To Crash To $38,130 Ali Martinez, a well-known cryptocurrency analyst and enthusiast, has shared a worrying prediction for the short-term price action of Bitcoin. The analyst took to the social media platform X (formerly Twitter) a few hours ago to share his projections with the crypto community. Martinez’s forecast came amidst…

Bitcoin plummets 20% post-ETF approvals: what’s behind the crash?

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The recent approval of several spot Bitcoin exchange-traded funds (ETFs) by the SEC was expected to usher in an era of mainstream adoption and sky-high prices for the flagship Cryptocurrency. Instead, Bitcoin has crashed over 20% from its 2024 high of $49,000 to just under $39,000 at the time of writing. Where is the bottom of this crash? Is this a buy the dip opportunity? And most importantly, is this sharp correction the end of the bull market in Crypto? We explore the factors behind the selloff, and why this…

RippleX Announces Major Update For XRP Ledger EVM Sidechain, Can This Trigger A Price Recovery

The XRP Ledger ecosystem is currently buzzing with new exciting developments that could potentially propel the price of XRP to new heights. RippleX, an extension of Ripple and an open developer platform has announced new updates for the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain.  XRPL EVM Sidechain Signals Hope For XRP Price Resurgence On Tuesday, RippleX released the latest developments and progress on the XRPL EVM Sidechain via an X (formerly Twitter) post. This significant update was shared by Peersyst Technology, a blockchain technology firm and an XRPL…

Bitcoin spot ETFs recorded the largest single-day total net outflow

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On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow. According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds…

Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry

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XRP Faces Bearish Pressures Amid Market Downturn

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XRP, the native cryptocurrency of the Ripple network, became a focal point in the face of the recent downturn in the broader market, facing the consequences of breaching a crucial support level and prompting uncertainties regarding its immediate outlook. In tandem with Bitcoin’s descent below the $40,000 mark and Ethereum’s stumble beneath $2,200, XRP mirrored the trend, slipping below the pivotal $0.51 threshold for the first time since January 3. XRP Vulnerability Sparks Differing Views This abrupt breakdown laid bare the vulnerability of XRP’s current standing, triggering a wave of…