CryptoX – Cryptocurrency Analysis and News Portal Ether posted nominal gains in the past 24 hours alongside the broader market. Source The post Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy appeared first on CryptoX. CryptoX Portal
Bitcoin (BTC) remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The United States dollar index (DXY), which generally moves in inverse correlation to Bitcoin, dropped below 100 but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its own course in the near term. Therefore, the earnings season from big companies this week may sway the U.S. equities markets but may not have the same effect on Bitcoin. It is becoming increasingly difficult to pinpoint the…
The U.S. bankruptcy court granted the crypto lender permission to sell its altcoin holdings for BTC and ETH starting in July. Source
Two of the biggest platforms powering Web3 decentralized domains are now available under one roof after Unstoppable Domains announced support for .eth domain names from the Ethereum Name Service (ENS). The two service providers have been central pillars in the Web3 domain space, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Decentralized domains also act as a profile across the Web3 ecosystem, unlocking a host of functionalities. .eth is coming to Unstoppable. Unstoppable is now your one-stop shop for Web3 domains. Buy and manage your .eth, .nft, or…
Nearly two years after the dog-inspired decentralized finance (DeFi) project — AnubisDAO — was rug-pulled for almost $60 million in Ether (ETH), the stolen funds were siphoned away using Tornado Cash. In October 2021, AnubisDAO raised 13,556 ETH from crypto investors owing to the predated Dogecoin (DOGE) trend. However, roughly 20 hours into the investment, the funds were sent to a different address — resulting in an instant loss for the investors. Between July 15 and 16, the illicit funds were moved via Tornado Cash, a decentralized protocol that allows…
Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish. Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase. In another positive event for the crypto space, the U.S. Dollar Index (DXY) completed a bearish head-and-shoulders pattern on July 12 and followed…
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In this week’s newsletter, read about Ethereum nonfungible token (NFT) royalties hitting their lowest point in two years. Check out Bitcoin Ordinals trading volume, which hit $210 million in the second quarter of 2023, and how a decentralized finance (DeFi) borrower used an NFT representing a physical luxury watch to take out a loan. In other news, find out why Animoca Brands co-founder Yat Siu is still bullish on blockchain games, and don’t forget this week’s Nifty News, featuring a Sega executive’s opinion on play-to-earn gaming. Ethereum NFT royalties hit…
Bitcoin continues to face strong resistance at $31,000, but supportive macroeconomic factors could tilt the advantage in favor of the bulls. Bitcoin bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing inflation. Economists were expecting the year-on-year Consumer Price Index to rise 3.1%, but the June print came in at 3%. The month-on-month increase of 0.2% was also less than forecast. This suggests that the Federal Reserve’s rate hikes are…
“Coinbase is enabling users to easily port their conversations from any of the ~450 applications built on XMTP to Coinbase Wallet,” said Director of Product Management Siddharth Coelho-Prabhu. “Its infrastructure allows Coinbase Wallet messages to be fully permissionless and interoperable while giving users the freedom to fully own their messages and transactions through their personal, on-chain identity.” Source AbilityAddsCoinCoinbaseCryptoDirectETHEthereumMessageWallet CryptoX Portal