Day: August 15, 2024

Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?

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Ethereum price struggled to clear the $2,750 resistance. ETH is now consolidating near $2,635 and remains at risk of more downsides. Ethereum started a fresh decline from the $2,750 resistance. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it drops below the $2,635 support zone. Ethereum Price Slides Again Ethereum price started a decent increase from the…

Offchain Labs Launches Tandem to Empower Blockchain Innovation

Rebeca Moen Aug 15, 2024 03:20 Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain’s toughest challenges through collaboration and investment. Offchain Labs has announced the launch of Tandem, a new partner studio designed to assist select partners in overcoming some of the most significant challenges in the blockchain space. According to Offchain Labs, Tandem aims to provide both financial investment and deep collaborative support. Mission and Vision Offchain Labs, known for its work on Arbitrum, has always focused on…

Why are Norwegian and Swiss banks buying MicroStrategy shares?

Central banks in Europe have acquired shares of pro-Bitcoin software firm MicroStrategy, potentially making an indirect bet on the trendy cryptocurrency. The Norwegian and Swiss central banks bought 1.1 million and 466,000 MicroStrategy shares, respectively, according to MSTR shareholder data provided by the Nasdaq’s official website. Why apex banks from two of the largest European economies by gross domestic product invested in MicroStrategy is unknown, but two reasons stand out. Are banks betting on Bitcoin through MSTR? One working theory suggests that sovereign financial institutions are bullish on Bitcoin (BTC).…

Solana Poised For $400-500 Upside As Analyst Spots Wave 5 Formation

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Solana (SOL), one of the largest digital assets in the market by market capitalization, has been in a period of price consolidation, oscillating between the $140 and $150 price range. This period follows a significant drop that saw SOL plummet to $109 on August 5th, with a modest recovery since then.  However, despite its resurgence, Solana has struggled to break above upper resistance levels, reflecting a pattern reminiscent of Bitcoin’s (BTC) price movements for the past week. Solana Price Forecast According to crypto analyst “XForce,” Solana is currently positioned in…

Bitcoin Price Tests Support: Will It Bounce Back Stronger?

Bitcoin price failed to clear the $61,500 resistance zone. BTC is now retesting the $58,000 support and might attempt a fresh increase. Bitcoin started a fresh decline from the $61,500 resistance zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $59,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it stays above the $58,000 zone. Bitcoin Price Holds Support Bitcoin…

Can The XRP Price Cross $250? Crypto Analyst Predicts 42,000% Breakout

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A crypto analyst has issued a bold price forecast for the XRP price, the native token of the XRP Ledger (XRPL). The analyst foresees a massive 42,000% breakout in XRP’s price, potentially pushing the cryptocurrency beyond the $250 mark.  Analyst Foresees XRP Price Reaching $263 Javon Marks, a crypto analyst, took to X (formerly Twitter) on August 13 to discuss his analysis of XRP’s recent price movements and future outlook. The analyst boldly suggests that if XRP experiences a bullish breakout today, then the price of the cryptocurrency could reach…

Exploring Registration-Based Encryption for Blockchain Key Distribution

Jessie A Ellis Aug 15, 2024 01:38 A new approach to key management on blockchains, registration-based encryption, offers promising advantages over traditional methods like public key directories and identity-based encryption. Linking cryptographic keys to identities has been a long-standing challenge since the advent of public-key cryptography. The primary issue is providing and maintaining a publicly available and consistent mapping between identities and public keys. This challenge is particularly relevant in the context of web3, where transparency and anonymity are paramount. According to…

U.S. Crypto Bill Can Happen This Year, Senate’s Schumer Tells Crypto Backers of Harris

Still, Schumer said twice that his goal was to have a bill passed out of the Senate and signed into law by the end of the year. He mentioned the Financial Innovation and Technology for the 21st Century Act (FIT21), a House-passed bill spearheaded by Rep. Patrick McHenry (R-N.C.), as well as a yet-to-be-introduced bill being developed in the Senate Agriculture Committee, though he stopped short of explicitly endorsing either product. Source

Bitcoin SV Makes A Surprise Move With 10% Uptick

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The market’s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum. According to CoinGecko, the token is up over 10% since last week, becoming one of the top gainers within this market environment. Related Reading With private equity enjoying gains as well, the bullishness has leaked to the crypto market, turning the early August wipe into well-deserved upticks.  BSV up in the last week. Source: Coingecko Bitcoin SV On Good Price Range For A Breakout As of writing, the token sits right in the middle…