Bitcoin, the leading cryptocurrency by market value, fell over 2% to $67,900, extending the retreat from recent highs near $72,000. Ether, the second-largest coin, followed suit, dipping below $3,550 at one point. The broader CoinDesk 20 Index fell 1% to $2,370 points. Source
XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support. XRP is gaining bearish momentum below the $0.500 support. The price is now trading below $0.500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if it breaks the $0.480 support zone. XRP Price Breaks Support XRP…
At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings categorize New Zealanders as early adopters, indicating they were quick to recognize the potential of cryptocurrency. Survey data reveal that only 16% of respondents would invest in real estate, compared to 60% who plan […] Source
Ethereum price failed to clear the $3,720 resistance. ETH declined again and is now at risk of more losses below the $3,550 support zone. Ethereum started a fresh decline from the $3,720 resistance zone. The price is trading below $3,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,550 support. Ethereum Price Dips Again Ethereum price attempted a…
Bitcoin price failed to stay above the $68,500 support zone. BTC extended losses and now showing bearish signs below the $68,800 level. Bitcoin started another decline from the $70,150 resistance zone. The price is trading below $68,800 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could further if there is a clear move below the $68,000 level. Bitcoin Price Dips Again Bitcoin price attempted another…
Australian rapper Iggy Azalea and her cryptocurrency venture, the Mother Iggy (MOTHER) token, have garnered significant attention in the crypto industry due to its rapid popularity and a more than 140% spike in its first week of trading. However, after its initial surge, the token experienced a substantial price correction, leading to a decline from its record price of $0.2490, reached on June 6. On Friday, the token retraced to as low as $0.1155 after reaching its record high. In a recent social media post on Sunday, Iggy Azalea revealed…
The Sui Foundation has announced the recipients of its fourth cohort of Sui Academic Research Awards, providing funding to 20 research teams from prestigious universities such as UC Berkeley, Yale, NYU, EPFL, and the National University of Singapore. This initiative aims to advance blockchain technology, smart contract programming, and products built on the Sui platform, according to The Sui Blog. Zero-Knowledge Proofs and AI-Based Tools Among the funded projects is Fan Zhang’s research at Yale University, which focuses on enhancing zero-knowledge proof (zk-proof) generation through…
In an unexpected turn of events, the Shiba Inu (SHIB) burn rate has witnessed an ‘astronomical’ increase, propelling the metric by over 68,000% within 24 hours. This surge, captured by Shibburn, a platform dedicated to tracking SHIB token burns, has sparked significant attention within the cryptocurrency community. Related Reading Unprecedented Surge In Shiba Inu Burns – Details Shibburn’s latest data highlights a massive spike in SHIB burns, initiated by a collective effort from the Shiba Inu community. Over the past day, seven wallet addresses contributed to a burn of 7.6…
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” […] Source CryptoX Portal
June 10: Wormhole, the blockchain interoperability protocol, will allow holders of its W token to stake with the Tally Governance Portal, “allowing the opportunity to participate in governance and influence the future direction of the Wormhole DAO and platform,” according to the team.” The update marks “a significant step toward decentralizing Wormhole through MultiGov, an industry-first multichain governance system for DAOs on Solana, Ethereum mainnet, and EVM L2s,” Wormhole said in a statement. “The Wormhole DAO will be the first to adopt MultiGov, enabling W holders to create, vote on,…