Month: September 2024

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

India, Nigeria, and Indonesia top Chainalysisโ€™ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography [โ€ฆ] Source CryptoX Portal

Can Bulls Push Past $2,400?

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Este artรญculo tambiรฉn estรก disponible en espaรฑol. Ethereum price is again rising and trading above $2,320. ETH must clear the $2,400 resistance to gain bullish momentum in the near term. Ethereum is attempting a recovery wave above the $2,320 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum…

Bitcoin Price Rises Steadily: Will It Reach $60K Next?

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Bitcoin price started a decent increase above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,000 support zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $56,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it clears the $58,500 and $58,800 resistance levels in the near…

End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13

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Este artรญculo tambiรฉn estรก disponible en espaรฑol. NEIRO has been one of the biggest gainers in the last seven days, with its price surging by almost 400%, according to data from CoinMarketCap. As to where the dog-themed meme coin might be headed next, crypto analyst The Forex Mindset has offered a bearish outlook, suggesting that its price rally might be over and that a price correction is imminent.ย  NEIROโ€™s Price Could Drop Below $0.13 The Forex Mindset suggested in a post on TradingView that NEIRO will drop below $0.13. The…

UK Bill Recognizes Digital Assets as Personal Property Under New Law

The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions [โ€ฆ] Source CryptoX Portal

Could a New Bull Run Be Just Weeks Away?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edymeโ€™s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

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Este artรญculo tambiรฉn estรก disponible en espaรฑol. A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.ย  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volumeโ€”$1.5 billion in 24-hour transactions and 34 million monthly usersโ€”and acts as a custodian for major corporations, including BlackRock, Tesla, and MicroStrategy. However, this substantial concentration of Bitcoin within a single entity has raised important questions about the potential risks associated with such centralization.ย  The…

Open Oracle Network DIA Launches Lumina to Bolster Web3 Data Infrastructure

DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Cryptox.trade News, the Lumina system integrates modular components to gather, verify, process, [โ€ฆ] Source CryptoX Portal

Flight-Tracking DePIN Protocol Wingbits Raises $3.5M

Wingbits, a Stockholm-based protocol creating a DePIN flight-tracking network built on the Solana blockchain, said it has raised $3.5 million in seed funding, led by Borderless Capital and Tribe Capital, alongside Antler and angel investors. According to the team: “Wingbits rewards the quality of data captured by antennas maintained by amateurs and enthusiasts. Individuals are rewarded based on performance, coverage and uptime, and there are global leaderboards to compare the best performing antennas. At the end of 2023, 40 nodes were on the Wingbits platform. Now, there are close to…

Polygon Processes Over $214 Billion In DEX Volume As Adoption Explodes, Why Is POL Struggling?

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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,…