Day: March 29, 2024

Ethereum Open Interest Has Reached A New All-Time High

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Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark. Interestingly, the optimism has seen the open interest of Ethereum surging to new highs. The surge in open interest, although a bullish sentiment indicator, can also serve as a bearish signal of an impending change in market trend.  Ultimately, this metric added to the current dynamics of the Ethereum ecosystem, including regulatory uncertainty and scalability concerns hinting at a complicated price trajectory…

Underdogs Defy Odds, Shaking up NCAA Tournament Brackets

With the dust settling from Thursday’s upsets, attention shifts to an equally promising lineup of games in the South and Midwest Regions, where teams like Marquette, NC State, Houston, and Duke vie for dominance in their quest for the Final Four. March Madness Delivers Rising Underdogs and Steadfast Favorites Statistically, this tournament has been one […] Source CryptoX Portal

Top Altcoins With 50x Potential Not On Binance: Crypto Analyst

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Popular crypto analyst Xremlin, known on social platforms as @0x_gremlin, told his 104,000 followers that the altcoin season in 2024 could eclipse the monumental gains seen in 2021. Reflecting on the historical significance of major exchange listings, Xremlin emphasized, “Altseason 2024 > Altseason 2021. Your bags are headed to Valhalla.” During the 2021 altseason, altcoins such as Polygon (MATIC) and Solana (SOL) saw a staggering 300x increase, largely attributed to listings on Tier-1 centralized exchanges (CEXs) like Binance and Coinbase, according to him. “MATIC and SOL’s 300x was fueled by…

How Does Solana Fix Its Racist Meme Coins Problem?

“Choice means the right for a wallet developer to institute a block list,” Austin Federa, the Solana Foundation’s head of communications, said during the panel. “Almost every wallet in every ecosystem filters out spam NFTs and spam tokens. Users always have the ability to reveal something if they want to, but the core network needs to remain permissionless.” Source

Bitcoin Technical Analysis: BTC Consolidation Points to Potential Shifts Ahead

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On March 29, 2024, with a trading price of $70,075, and oscillating within a 24-hour range of $68,362 to $71,754, bitcoin’s current market behavior reveals significant consolidation and neutrality. Bitcoin Bitcoin’s 1-hour chart reveals recent volatility, with a significant bounce from a low of approximately $68,362, suggesting a strong support level. Conversely, the resistance near […] Original

Investors focused ‘overwhelmingly’ on bitcoin over other crypto, says BlackRock

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BlackRock’s push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. The January launch of bitcoin exchange-traded funds was a huge breakthrough for crypto that may have changed the market forever. That’s largely thanks to the unlikely endorsement of the asset class by the firm: BlackRock first filed for its iShares Bitcoin Trust (IBIT) about seven months before the launch. Since then, the firm filed for an ETF that would track the price of spot ether, the second-largest cryptocurrency by market cap. The…

Craig Wright Assets Frozen to Prevent Him Evading Court Costs Related to Satoshi Nakamoto Case

In a March 14 decision, Judge James Mellor, who heard the case brought by the Crypto Open Patent Alliance (COPA), also found Wright didn’t author the Bitcoin white paper nor the initial versions of the Bitcoin software. Shortly after that, Wright notified Companies House, the U.K.’s register of companies, that shares in his RCJBR Holding company had been transferred to DeMorgan, a company organized under the laws of Singapore. Source

UK, US Probe $20B in USDT Transfers by Sanctioned Russian Crypto Exchange

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The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […] Source

Dogecoin Jumps 37% – How High Can DOGE Go This April?

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Retail and institutional investors alike are taking notice as Dogecoin (DOGE), the playful cryptocurrency born from internet fame, experiences a surprising surge. Prices jumped almost 10% in a single day this week, marking a 37% increase over the past seven days, according to CoinGecko. This unexpected rally has the “Doge army” howling with excitement, but experts caution that the future of this meme-inspired coin might not be all sunshine and rainbows. DOGE up nearly 10% in the last day. Source: Coingecko From Meme To Market Mover Dogecoin, launched in 2013…

DeeStream captivates Litecoin, Chainlink investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DeeStream emerges as a compelling option for Litecoin and Chainlink investors, offering interesting blockchain solutions to the streaming industry’s challenges, as it gears up for significant growth in its presale phase. The streaming industry is currently worth $160.55B and is expected to grow to $247B by 2027. Its market is set to expand as products arise to solve its many problems. In this regard, DeeStream (DST) is a novel…