Day: November 7, 2024

Bitcoin Indicator Signals Equilibrium After Trump Victory – A Clear Path To New Highs?

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Este artículo también está disponible en español. Bitcoin is trading around $75,000 following Donald Trump’s victory in the U.S. election, stirring fresh optimism in the crypto market. Trump’s pro-crypto stance has ignited excitement among analysts and investors who anticipate favorable policies for digital assets in his administration. With Bitcoin now sitting at all-time highs, many speculate this could begin a new rally phase. Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details Key data from CryptoQuant indicates that Bitcoin has reached a price equilibrium, suggesting…

Cronos (CRO) Labs Expands Partnership with Google Cloud to Boost Blockchain Ecosystem

Iris Coleman Nov 07, 2024 14:17 Cronos (CRO) Labs enhances its strategic partnership with Google Cloud to accelerate the growth of the Cronos blockchain ecosystem through technical innovation, developer adoption, and startup support. Cronos (CRO) Labs, a prominent blockchain startup accelerator, has announced a significant expansion of its strategic partnership with Google Cloud, according to Cronos. This enhanced collaboration aims to accelerate the growth of the Cronos blockchain ecosystem, leveraging Google Cloud’s technical prowess and infrastructure. Google Cloud as a Cronos Validator…

Voting Starts for the ftNFT YoCerebrum Awards 2024

PRESS RELEASE. The ftNFT YoCerebrum Awards 2024 invites everyone to participate in the final voting phase to celebrate excellence in the NFT space. The voting period runs from November 6-10, 2024. The jury voting took place from November 1 to November 5, where a group of distinguished experts meticulously evaluated the submissions. During the jury […] Source CryptoX Portal

Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams

One of the new dashboard’s most striking features is its funds flow analysis, which reveals where stolen funds ended up after being siphoned from victims. Unsurprisingly, platforms like Tornado Cash — the crypto mixer sanctioned by U.S. authorities — emerge as major endpoints for these funds. However, decentralized finance (DeFi) protocols like Sushi, Yearn, and Uniswap also rank among notable end destinations for laundered assets. Source

VC Darling Eclipse Finally Debuts Its Solana-Ethereum Blockchain Hybrid

Like other layer-2 Ethereum rollups, Eclipse lets people transact on Ethereum with faster speeds and lower fees. To accomplish this, it operates as its own network, written using the Solana Virtual Machine (SVM) — the fast and cheap execution architecture spearheaded by Ethereum’s biggest competitor, Solana. Similar to other layer 2s, Eclipse bundles up transactions from its users and periodically passes them down to the base Ethereum chain, where they’re cemented permanently to the chain’s ledger. Source

Blockstream Opens R&D Center in Lugano, Switzerland

Blockstream, the development firm led by early Bitcoin developer Adam Back, has opened an R&D hub in Lugano, Switzerland, “to foster fintech innovation on Bitcoin’s Liquid and Lightning networks,” according to the team: “The new center aims to significantly increase innovation on layer 2’s by collaborating with local startups and partners, providing resources, mentorship, as well as grants to standout projects. The initiative builds on successful events co-hosted by Blockstream in Lugano and Viareggio, Italy, aligned with its mission to expand Bitcoin’s role in modern finance.” A couple photos were…

Trace Launches ATP Tour Digital Collectibles on Sui Blockchain

Rongchai Wang Nov 07, 2024 13:43 Trace collaborates with ATP to mint digital collectibles on Sui, enhancing fan engagement with dynamic NFTs during the Nitto ATP Finals in Turin. In an innovative move to enhance fan engagement, Trace, a Web3 sports marketing platform, has launched digital collectibles on the Sui blockchain, according to Sui Foundation. This initiative involves a collaboration with the Association of Tennis Professionals (ATP) to commemorate significant moments from the Nitto ATP Finals, scheduled to take place in Turin…

US Spot Bitcoin ETFs Rake in a Staggering $621.9M in Inflows in a Single Day

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Data from Wednesday’s trading session reveals that U.S. spot bitcoin exchange-traded funds (ETFs) attracted a notable $621.9 million in positive inflows. Crypto ETFs Soar With Positive Inflows Both U.S. spot bitcoin and ether ETFs recorded gains in Wednesday’s session. According to sosovalue.xyz metrics, 12 spot bitcoin ETFs raked in a combined $621.9 million. Leading the […] Original

Bitcoin Holds Below $75K Before Expected U.S. Rate Cut

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Ether is over 7% higher in the last 24 hours, outperforming the broader digital asset market, which has risen by 2.7%, as measured by the CoinDesk 20 Index. ETH crossed $2,800 for the first time since early August, breaking out of the $2,300-$2,600 range that has persisted even while other coins were rallying. President-elect Trump’s victory may be stirring hopes of a “DeFi Renaissance” and with it a breakout in the price of ether. “DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making…

Analyst Predicts ‘The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here

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Este artículo también está disponible en español. The Bitcoin price has now returned into a full bullish sentiment now that the crypto fear and greed index has flipped into greed. This shift reflects growing confidence among investors as optimism takes hold in the cryptocurrency market. For many investors, this renewed positive outlook serves as a strong foundation for more gains in the Bitcoin price. According to a crypto analyst, Bitcoin is ripe for a final ascent to the $300,000 price level. Interestingly, this outlook is not just based on the…