Day: January 27, 2024

Tron resilient amid bearish conditions, over 90% of GFOX sold in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto investors were thrilled by the approval of 11 spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) in January. However, the market responded negatively, crashing by its margin this year. Despite the market downturn, Tron (TRX) remains stable. Another notable trend during this period was the emergence of the new presale, Galaxy Fox (GFOX).  Tron holds steady While many popular cryptocurrencies sold off, Tron is…

How to Buy, Sell, and Trade ERC-20 Tokens on the Ethereum Network

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The Ethereum network stands as a revolutionary innovation in the realm of blockchain technology. It serves as a robust platform for building and deploying decentralized applications (dApps), fueling the growth of decentralized finance (DeFi) and transforming the way we interact with financial services. However, with its widespread adoption and increasing popularity, Ethereum has faced challenges of scalability and high transaction fees, leading to the development of Layer 2 scaling solutions to enhance its capabilities. The Ethereum blockchain hums with innovation, birthing a new breed of digital assets known as ERC-20…

Polkadot Rally Incoming? Crypto Analyst Predicts 150% Price Surge For DOT

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The Polkadot (DOT) token has witnessed significant downward pressure over the past few weeks. This negative performance was further exacerbated by the recent downturn of Bitcoin’s value, which tumbled below $40,000 over the past week. However, the altcoin appears to be garnering momentum in the past few days, having rebounded positively from the $6 mark. A popular analyst on the X platform has put forward an exciting projection for DOT, saying the token looks set for a substantial upward move in the coming weeks. Can Polkadot Reach $17 In This…

BlackRock’s IBIT Maintains Lead In Bitcoin ETF Race, Crosses $2 Billion In Inflows

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According to data from BitMEX Research, BlackRock’s Bitcoin spot ETF – IBIT –  has now set a new record, achieving a total net inflow of $2 billion. This feat allows IBIT to maintain its position as the best-performing fund of the bunch, following the approval of 11 Bitcoin spot ETFs by the US Securities and Exchange Commission on January 10. BlackRock’s IBIT Maintains Dominance As Total Net Flows Reach $744.6 Million On January 25, which marked the tenth trading day of the Bitcoin spot ETF market, BlackRock’s IBIT produced an…

Intents and solvers: AI’s next frontier in defi trading and portfolio management

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Of all the areas poised to be upended by the integration of AI into defi, “intents” and “solvers” are high on the list and could potentially reshape the financial landscape forever. At its core, an intent represents a market participant’s desired outcome translated into an actionable directive. Imagine seeking Bitcoin (BTC) at a pre-determined price—that’s an intent. Enter an AI-powered solver, a sophisticated algorithm wielding the power…

An enhanced marketplace for Decentralized Cloud Computing – Blockchain News, Opinion, TV and Jobs

Paris, France, January 26th, 2024, Chainwire Twentysix Cloud is an all-in-one, decentralized cloud marketplace, powered by aleph.im’s Decentralized Physical Infrastructure Network (DePIN). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources.  Aleph.im announces the launch of its innovative hub. Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing, and AI solutions for businesses and applications. By leveraging the aleph.im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience. It sets a…

Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

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Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution includes 297,454 ETH ($656.5 million) moved to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller sums totaling 7,800 ETH ($17.2 million) sent to FalconX and Coinbase, respectively. Despite this transfer, Lookonchain disclosed that Celsius still…

XRP ETF speculation, analysts are upbeat on Dogecoin and Borroe Finance

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto community is confident that a spot XRP ETF will be approved someday. However, Ripple CEO Brad Garlinghouse has yet to confirm any plans for such a product. Still, he hopes that cryptocurrencies will become more popular and mainstream. Meanwhile, there’s growing interest in Dogecoin and Borroe Finance (ROE) as both digital assets show growth potential. XRP’s ETF speculation The recent approval of a spot Bitcoin ETF by…

Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

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Hedera (HBAR), the open-source Proof-of-Stake (PoS) blockchain network, has made significant strides in the fourth quarter (Q4) of 2023, according to a recent report by Messari. The network’s performance showcased notable growth in key metrics, outpacing the crypto market. Hedera Outpaces Crypto Market With 78% QoQ Increase During Q4 2023, Hedera’s circulating market cap experienced a 78% quarter-over-quarter (QoQ) increase, reaching $2.9 billion. This growth surpassed the overall crypto market’s growth rate of 54%, signifying Hedera’s growing influence. The year-on-year (YoY) change for HBAR stood at 211%, reflecting the network’s progress…

Stacks and Chainlink bullish as Meme Moguls plans to take over tradfi

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Chainlink (LINK) shows hints of recovery, which might see the token rise to fresh highs. Similarly, Stacks (STX) is firm, adding 407.6% year-to-date with room for more gains in the future. Meanwhile, some traders are exploring Meme Moguls (MGLS), a new crypto, to diversify.  Chainlink price forecast Chainlink is bullish and way above its 200-day EMA.  LINK is up 120% in the past year, moving from $14.25 to $16.43…