Day: September 6, 2024

Dogecoin Among Altcoins Seeing Deepest Trader Losses: DOGE Rebound Soon?

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Este artículo también está disponible en español. On-chain data shows that Dogecoin (DOGE) is among the altcoins that have observed significant losses for 6-month traders, which may help the coin’s price rebound. Dogecoin MVRV Suggests DOGE May Be Offering A Buy Window In a new post on X, the on-chain analytics firm Santiment has discussed how assets like Dogecoin and XRP (XRP) have been looking like regarding trader returns on various timeframes. The indicator of relevance here is the popular “Market Value to Realized Value” (MVRV), which keeps track of…

America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals

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Este artículo también está disponible en español. As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.  America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin.  “Instead of attacking industries of the future, we…

Why Is RUNE Down 70% And Still Dumping?

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?

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Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance. ADA price started a recovery wave from the $0.3050 level. The price is trading above $0.320 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above the $0.3200 support zone. Cardano Price Shows…

Market maker DWF Labs hints at synthetic stablecoin

Crypto market maker DWF Labs has plans to launch a stablecoin product that may compete with Ethena’s USDE. According to Andrei Grachev, co-founder of DWF Labs, the crypto trading and market-making startup has finalized the design for its synthetic stablecoin. Synthetic stablecoins operate on a soft peg with fiat currencies like the U.S. dollar and are underpinned by collateral assets like Bitcoin (BTC) and other assigned cryptocurrencies. To maintain parity, synthetic stablecoins rely on opening and closing short-leveraged positions for the underlying collateral. While supposedly decentralized, this design could introduce…

Can It Break Through the Resistance?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Crypto Exchanges at Crossroads – Adapting to Market Changes

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HodlX Guest Post  Submit Your Post   Despite years of development, the cryptocurrency market remains the Wild West of finance – an unpredictable arena where fortunes can be made or lost in the blink of an eye. And seeing as a great portion of the activities with digital assets take place on crypto exchanges, they are often at the center of this turbulent landscape. While crypto exchanges have played a crucial role in the market’s growth, there is much uncertainty about their future. As the market matures and attracts more and…

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

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Este artículo también está disponible en español. Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum layer-2 (L2) scaling network Optimism’s Superchain is essentially a network of L2 chains, known as OP chains. These chains share security features a communication layer, and are powered…

Ethereum Price Poised for Steady Recovery: Can It Build Momentum?

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,440 resistance to continue higher in the near term. Ethereum Price Faces…

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket

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The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […] Original