Day: April 17, 2024

ETH holders turn to Kelexo amid Bitcoin’s $71k rally

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin surpasses $71,000, Ethereum holders are increasingly drawn to Kelexo’s promising defi lending platform during its presale. With Bitcoin (BTC) dominating the market after surging past $71,000, some investors are looking to diversify their holdings and explore promising opportunities in defi lending. Kelexo’s (KLXO) presale results and its unique approach within the defi space make it an attractive option for Ethereum (ETH) and Bitcoin holders seeking high-growth potential.…

Bitcoin dips to $65k as Fezoo positions itself against Binance and OKX

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin dips to $65K ahead of its halving, investors are turning their attention to Fezoo, a new exchange poised to challenge industry leaders Binance and OKX. The dynamic crypto trading has continued and Bitcoin has fallen to $65,000. This is ahead of Bitcoin halving. Investors are expecting that the current decline doesn’t change the outlook on their return on investment much before halving. Meanwhile, Fezoo is set to…

U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill

The bill created a $10 billion limit for non-depository trust institutions to be able to issue payment stablecoins. Once the issuer exceeds that amount, it must be “a depository institution that has been authorized as a national payment stablecoin issuer,” the bill’s text said. At present, the largest U.S.-based stablecoin issuer, Circle (with $33 billion in outstanding (USDC)), is not a depository trust institution. The next largest, Paxos, does have a limited purpose trust charter through the New York Department of Financial Services, though its market cap falls well below…

Goldman Sachs Warns Against Extrapolating Previous Bitcoin (BTC) Halving Cycles for Bullish Price Predictions

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More importantly, the macroeconomic environment on those occasions differed from today’s high inflation, high-interest rate climate. Back then, M2 money supply of major central banks – U.S. Federal Reserve, European Central Bank, Bank of Japan and People’s Bank of China – grew rapidly, as CoinDesk reported last year. Interest rates were stuck at or below zero in the advanced world, which catalyzed risk-taking across the financial market, including cryptocurrencies. Original

Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 […] Source CryptoX Portal

Bitcoin Displays Bullish Adam And Eve Double Bottom

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In his latest technical analysis, Christopher Inks, a recognized figure in the field of crypto analysis, points to the possible formation of a bullish Adam and Eve double bottom pattern for Bitcoin. This formation is spotted on the BTC/USD 1-hour chart and has significant implications for the cryptocurrency’s short-term price action. The chart depicts Bitcoin’s price movement with a distinct pattern that resembles two troughs with a peak in between. The first trough, known as the “Adam,” is characterized by a sharp, V-shaped bottom, indicating a rapid price decline and…

OSEAN DAO Celebrates Company Registration Milestone and Announces an Upcoming 5 Million $OSEAN Airdrop – Blockchain News, Opinion, TV and Jobs

Majuro, Marsall Island, April 17th, 2024, Chainwire OSEAN DAO is advancing rapidly: With company registration on the horizon, the organization is preparing to acquire its first boat and has announced a 5 million $OSEAN commemorative airdrop scheduled for May. The project has attracted a diverse team of skilled professionals and achieved significant milestones in a short time. Having reached a $2 million market cap last month, OSEAN DAO has now successfully gathered half of the funds needed for its first boat, setting the stage for the forthcoming milestone of company…

Panic Grips Investors As ADA Drops 20%

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As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements for signs of stability or further turbulence. Analysis Points To Critical Crossroads For Cardano Recent analysis conducted by Trend Rider, a respected voice in the crypto community, suggests that Cardano’s price has reached a pivotal moment. The digital asset stands at a critical juncture, with its price hovering precariously near a key support zone. Should ADA breach this…

DeeStream’s streaming approach sparks investment surge from VET, Pepe fans

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the Bitcoin halving approaches, DeeStream’s presale gains momentum with significant backing from VeChain and Pepe communities, highlighting a growing interest in alternative blockchain applications. DeeStream’s presale is heating up, especially with VeChain and Pepe communities jumping on board. This surge of interest comes right before the highly anticipated Bitcoin halving, suggesting some investors are looking for exciting opportunities beyond Bitcoin. DeeStream uses blockchain to change streaming, creating a…