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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto market quickly rebounds after IMF predicts increased recession risk Welcome to The Daily Forkast, July 27th, 2022, presented by Joel Flynn. For the latest in blockchain & crypto news. On today’s show: 00:46 Crypto market quickly rebounds after IMF predicts increased recession risk. 03:24 MicroStrategy shares fall after Jefferies downgrade to ‘underperform’. 01:22 IMF says crypto crash hasn’t quite harmed broader financial system. 04:42 Venture Capital close to surpassing 2021 record. 06:09 US lawmakers reportedly racing to introduce draft stablecoin bill.…
Solana-based wallet provider Phantom has launched a new burn feature allowing users to remove spam non-fungible tokens (NFTs) sent by scammers. According to an Aug. 18 blog post from the Phantom team, the new feature is accessible via the Burn Token tab in the Phantom wallet app, allowing users to receive a minuscule deposit of Solana (SOL) each time they use it. “We’re still in the Wild West days of Web3. As the crypto ecosystem grows, so have the number of bad actors looking for ways to steal user’s funds.…
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Solana (SOL) price has enjoyed a winning streak by a whopping 75% as seen in the past two months after it has capsized to a mere $25.75. SOL forms head-and-shoulders pattern hinting at bearish movement. Solana’s 75% gain witnessed in the past two months may be a potential fake-out. SOL price down by 2.40% and trading at $42.86 as of press time. However, the gains may prove to just lead the traders on due to an impending bearish movement. Does this hint at a potential bullish fake-out? SOL formed a…
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Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks atop a common resistance level (called the neckline). Notably, the middle peak (head) comes to be higher than the other two shoulders, which are of almost equal height. Head and shoulders patterns resolve after the…
“Jump has unparalleled experience with over 20 years of scaling networks and building highly performant software systems,” Dan Albert, executive director of the Solana Foundation, said in the statement. “Their contributions to the Solana Network will improve mission-critical systems, helping the network scale to billions of users.” Source
Solana has been one of the best-performing assets in the crypto 10 top by market pairing Ethereum’s wins during the weekend. The cryptocurrency has persevered some of its past week’s gains but records some hurdles over the past 24 hours. At the time of writing, Solana (SOL) trades at $44.5 with 1% losses over the past day and 10% profits in the past 7 days. In this timeframe, only Ethereum (13% profits) and Dogecoin (13% profits) record better performance. SOL’s price moving sideways on the 4-hour chart. Source: SOLUSDT Tradingview…
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