Day: September 23, 2024

Coinbase New Wrapped Bitcoin (cbBTC) Coming to Solana, Says Crypto Exchange’s Executive

boss

Top US-based crypto exchange Coinbase says its wrapped version of Bitcoin (BTC) is coming to the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed says the crypto exchange is introducing Coinbase Wrapped Bitcoin (cbBTC) to the Ethereum (ETH) competitor’s blockchain. “We recently launched cbBTC on Base, but our users love Solana and so do we, so we are very excited to announce that we will be bringing native cbBTC to Solana as well.” Base is Coinbase’s Ethereum layer-2 solution designed…

XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally – Key Levels To Watch

boss

Este artículo también está disponible en español. XRP trades at a pivotal moment after several days of volatile price action, sparking renewed optimism among investors. Some analysts believe that XRP is on the verge of breaking out from a massive 4-year bullish triangle pattern, which has served as an extended accumulation period.  Related Reading This technical formation has been steadily building up, and now XRP appears poised for a significant expansion phase. Following years of underperformance caused by the ongoing SEC lawsuit and broader economic uncertainty, the market is watching…

Blockchain Data-Availability Project Celestia’s Foundation Raises $100M

“When Celestia launched last year as the first modular data availability layer, it scaled blockspace from the dial-up era to the broadband era,” said Mustafa Al-Bassam, co-founder of Celestia, in a blog post shared with CoinDesk. “Now, the core developers have introduced the technical roadmap to scale blockspace to the fiber optic era – while keeping it verifiable and low latency.” Source link

Tau Net Layer 1 AI Blockchain Releases Testnet Architecture and AI Reasoning Language Update

Tau Net, a novel layer 1 AI blockchain, is designing a mainnet to be entirely developed and controlled by all of its users. Leveraging advanced and fully accurate AI reasoning, Tau Net simplifies the software development process by enabling ALL users to focus solely on “what” the blockchain, platform, tokenomics and governance functionality should be […] Source CryptoX Portal

Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish

boss

Este artículo también está disponible en español. Since March, Cardano (ADA) has experienced recurring periods of significant price declines. However, crypto pundit Dan Gambardello, a popular analyst on the Crypto Capital Venture’s YouTube channel, predicts a potential bullish reversal based on an analysis of the weekly and daily charts. Key Technical Indicators Support Bullish Outlook According to the analyst in a recent video, ADA is poised for a significant breakout, potentially reaching around $31, representing a remarkable 8,500% increase from current levels. The analyst highlighted that the market has experienced…

‘Fed wants you dead,’ Bitcoin counters state control

Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin’s potential to protect wealth against inflation. Srinivasan claimed that Bitcoin (BTC) serves as a shield against what he describes as the gradual erosion of wealth by the state through inflation. “The Fed wants you dead—just a little bit every year. And so we resist that. We stand against that,” Srinivasan said about Bitcoin and crypto.  Srinivasan compared the U.S. Federal Reserve’s approach to inflation with a slow process of wealth loss over…

Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts

boss

Este artículo también está disponible en español. Veteran analyst Peter Brandt is making a bold prediction that is creating a lot of talk in the crypto arena: by 2025, Bitcoin should see its price jump 400% relative to gold. Related Reading He feels that, according to the market patterns witnessed so far, Bitcoin could soar to the equivalent of around 123 ounces of gold. This rally potential comes in the wake of general price predictions, as Bitcoin is likely to increase by 65% over the next three months and by…

Can September’s Historical Trends Shape the Current Crypto Market Performance? 

boss

Este artículo también está disponible en español. By Matthew Hayward, Senior Market Analyst at PrimeXBT Historically, Bitcoin and the broader cryptocurrency market tend to experience a downturn in the month of September. This month has typically led to bearish price action movements, with both Bitcoin and other cryptocurrencies seeing consistent negative returns. However, this September has been unusually eventful, with heightened price activity driven by shifts in the macroeconomic landscape and signals from central banks regarding potential policy adjustments. These factors have created a “perfect storm” of volatility within risk…

The Fed Must Have Confident Consumers

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal