Month: May 2024

Over 1 Million New Crypto Tokens Launched Since April

The crypto community created over one million tokens across all chains in the past month, with Solana and Ethereum leading the crypto token frenzy. According to Coinbase’s director, these numbers doubled the tokens created in Ethereum between 2015 and 2023. Related Reading Over 22,000 New Crypto Tokens Created Daily Coinbase’s director Connor Grogan shared on X that 1 million tokens have been launched since April 1, 2024. The tokens created in the Ethereum Network account for 36% of the total number, with 372,642 tokens launched in the past month and…

US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

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U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion […] Source

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

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On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price. The NVT ratio is an indicator that tells us about how the Bitcoin market cap compares against its transaction volume. The metric is generally used to judge whether the asset’s price…

EOS Network Foundation Founder: Bitcoin Halving Spurs Development of Solutions Enhancing Network Efficiency

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With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this can be achieved by integrating advanced layer two (L2) solutions which expand the […] Original

TRON DAO at Cornell Blockchain Conference

PRESS RELEASE. Geneva, Switzerland, May 15, 2024 – TRON DAO, a platinum sponsor at the Cornell Blockchain Conference, recently showcased its leadership at Cornell Tech on Roosevelt Island. The event attracted over 800 participants, including students, academics, and industry leaders, highlighting TRON DAO’s commitment to blockchain education and community interaction. Many of these participants visited […] Source CryptoX Portal

Bitcoin Soaring Toward $84,000: Insights From Glassnode Co-Founders

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In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher targets. The latest momentum shift in Bitcoin’s price action has caught the attention of industry experts, particularly the co-founders of on-chain analytics firm Glassnode. According to their analysis, the trigger for a larger market structure release has been in the works since the March highs. Bitcoin Breaks Out…

IOTA token spikes following public testnet launch

The token of the IOTA cryptocurrency project has grown sharply after announcing a new initiative. Against the backdrop of the general growth dynamics of the crypto market associated with the release of data on the inflation rate in the U.S. and the subsequent growth of Bitcoin (BTC), IOTA also increased in price after the IOTA Foundation announced the launch of the IOTA 2.0 public testnet with a built-in proof-of-consensus mechanism stake. According to CoinMarketCap data, the coin’s price has skyrocketed following the launch of the public testnet. After a prolonged…

Ethereum Bulls On The Rise? Crucial Indicator Point To A Major Upturn

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Ethereum (ETH), the second-largest crypto by market capitalization, has recently shown signs that suggest a potential rebound is on the horizon. Analysts have been closely monitoring various technical indicators, and one such analyst, Ali, has highlighted a key signal that points to an impending price surge. Related Reading TD Sequential Signals Buy As Ethereum Eyes Recovery  According to Ali’s social media platform X analysis, the TD Sequential indicator on Ethereum’s daily chart has issued a strong buy signal, hinting at a possible upward movement lasting one to four candlesticks. The…

How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction

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Crypto analysts continue to be super bullish on the future of the XRP price despite its poor performance in the past. However, while some analysts have predicted price targets that, to many, seem unrealistic, others have set more conservative targets. This is the case of crypto analyst Alan Santana, who just unveiled his 6-month prediction for the XRP price. XRP Price Is Ready For A Bullish Wave Alan Santana took to the TradingView website to share his latest analysis on the XRP price. This prediction is expected to play out…