Tag: Support

Vitalik Buterin Warns Against Political Support Based on Crypto Stance

Ethereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years from now,” he stressed. Buterin Highlights Risks of Narrow Political Focus in Crypto Ethereum co-founder Vitalik Buterin has cautioned […] Source CryptoX Portal

Silicon Valley betting on Bitcoin with Trump support

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Mark Cuban opined that Bitcoin is the central theme behind the support of Silicon Valley giants for former President Donald Trump’s political aspirations. “It’s a Bitcoin play,” said billionaire businessman Mark Cuban on Wednesday as Donald Trump remains a major talking point in crypto, Capitol Hill, and Silicon Valley. Trump told Bloomberg he would reduce corporate taxes to 15-20%. Cuban believes lower tax rates and tariffs could theoretically trigger Bitcoin’s (BTC) parabolic run and herald much higher prices.  “Combine that with global uncertainty as to the geopolitical role of the…

BitMEX’s Hayes announces grant program to support Bitcoin developers

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The former chief executive of BitMEX Arthur Hayes is launching a new grant program for developers to enhance Bitcoin’s “resilience, scalability, and privacy characteristics.” Arthur Hayes, a co-founder and former head of crypto exchange BitMEX and the chief investment officer at Maelstrom, has announced a new grant program to support blockchain developers in their efforts to solve scalability and privacy issues of the Bitcoin network. The so-called “Bitcoin Grant Program” backed by Arthur Hayes’ Maelstrom fund is expected to help with the “technical development of Bitcoin,” the initiative’s description reads,…

Iris Energy shares plunge 14% on AI computing support doubts

Shares of Australian Bitcoin miner Iris Energy dropped 14% on Friday after Culper Research questioned the firm’s ability to serve the high-performance computers for AI. Iris Energy (IREN), the Australian Bitcoin mining company, saw its shares plunge 14% on Jul. 12 after short seller Culper Research issued a report, raising concerns over Iris’ capabilities to provide high-performance computing (HPC) services for artificial intelligence (AI) in Childress, Texas. In a Jul. 11 report, Culper said that Iris’ flagship Childress buildout “lacks numerous features that are critical to HPC applications,” adding that…

Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025

Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will discontinue support for USD₮ and EUR₮ on the Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025. Community-Driven Decisions Tether emphasizes that community input plays a crucial role in its decision-making process. The company evaluates several factors, including network security, customer support, regulatory compliance, and oversight, to ensure user safety and sustainability. This strategic shift aims to…

BNB Price Steadies Above Support: Is a Bullish Comeback on the Horizon?

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BNB price started a recovery wave above the $500 resistance. The price is now consolidating and might aim for more gains above $530. BNB price started a decent upward move from the $472 support zone. The price is now trading above $500 and the 100-hourly simple moving average. There is a key rising channel forming with support at $518 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its recovery wave if it clears the $530 resistance in the near term. BNB Price…

XRP Price Poised for a Bullish Path Unless This Support Paves Way

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…