The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency exchanges. This movement, marked by declining exchange supply and net outflows, has analysts buzzing with potential bullish implications. Related Reading: Bitcoin Takes Control In Market Meltdown, Dominance Climbs To 9-Week Peak Dwindling Stockpiles: Exchanges Feeling The Squeeze For years, cryptocurrency exchanges have served as the…
Day: June 20, 2024
Energy Giant EDF Subsidiary Exaion Joins Cronos as a Blockchain Validator
Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and the Cosmos network and uses a proof-of-authority consensus mechanism. Source
VanEck’s Spot Bitcoin (BTC) ETF Debuts on Australia’s Biggest Stock Exchange, ASX
Monochrome Asset Management’s Monochrome bitcoin ETF (IBTC) went live on June 4 on the Cboe Australia exchange, a smaller rival of ASX. Unlike VBTC, the fund holds bitcoin directly. Since its launch, IBTC has traded an average of around 55,000 units a day on daily average cash volumes of about A$550,000. Source
Solana-Ether Ratio Hits 3-Month Low, Analyst Anticipates Further Losses
The ratio has declined 35% in one month, reaching the lowest since March 13. Source
AI Tokens Led by FET, AGIX Surge as Nvidia Zooms to Become World’s Most Valuable Company
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors. Source
It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst
Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud In the first chart featuring the daily Ichimoku Cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator. The Ichimoku Cloud, known for providing support and resistance levels as well…
XRP bulls aim for $0.5 amid market uncertainty
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ripple trades sideways, Rebel Satoshi Arcade aims to change crypto gaming, reigniting classic pay-to-play and free-to-play experiences. Ripple (XRP) has been trading sideways for a couple of months, and it has been unable to reach its all-time high like Bitcoin. The situation may get worse if Ripple loses its next critical support level. The daily XRP/USDT chart shows that the price has been between $0.50 and $0.55 since…
VanEck Brings Bitcoin ETF to Australia's Main Stock Exchange
The Australian Securities Exchange (ASX) marked a milestone on Thursday with the launch of the country’s first Bitcoin (BTC) exchange-traded fund (ETF) on its main stock market. The VanEck Bitcoin ETF (VBTC) debuted with approximately AUD990,000 ($660,429) in assets, signaling a growing appetite among investors for cryptocurrency-related products. Australia’s Main Stock Exchange Welcomes First Bitcoin ETF The launch comes after more than three years of discussions between fund managers and the ASX, as the exchange operator sought to ensure proper safeguards were in place. While the VanEck Bitcoin ETF will…
Ethiopia Approves CBDC Launch Draft Proclamation
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […] Source CryptoX Portal
Privacy Token Monero Has (Finally) Reversed February Slide With Golden Cross
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…