Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Tag: Support
Cardano (ADA) Faces Further Decline, $0.3389 Support Under Threat
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…
Key Support Levels to Monitor
Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a close above the $62,000 resistance zone. Bitcoin Price Remains At…
Shiba Inu price breaks support; overtaken by Pepe in a key metric
Shiba Inu price has continued its downward trend as demand for the once-popular meme coin faded. The SHIB token was trading at $0.000017, its lowest swing since March. It has dropped by more than 60% from its highest point this year. Shiba Inu, like Dogecoin, has underperformed the meme coin market this year as traders focused on newer tokens. A good example of this is looking at the daily volume traded in centralized and decentralized exchanges. Data by CoinGecko shows that Shiba Inu’s volume in the past 24 hours stood…
Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […] Source CryptoX Portal
Nubank adds support for Bitcoin Lightning Network transactions
Nu Holdings (Nubank), a digital bank with a massive presence in Latin America, has struck a strategic partnership to add Bitcoin Lightning Network transactions to its operations. Nubank is a leading neobank founded in 2013 and headquartered in Sao Paolo, Brazil. The bank has its services spread across Brazil, Mexico, and Colombia. Its latest announcement reveals a groundbreaking partnership with Lightspark. What does this partnership mean? Specifically, Nubank has integrated the Lightning Network, bringing fast, low-cost and real-time Bitcoin payments to millions of its customers. David Marcus, CEO and co-founder…
BNB Chain Dedicates $900K Liquidity Pool to Support Meme Coin Ecosystem
BNB Chain has announced a new initiative called “Meme Heroes” to support the growth of meme coin projects. The company will allocate $900,000 for liquidity pool (LP) support, extending its commitment of $1 million to accelerate meme coin innovation on BNB Smart Chain (BSC). All revenue generated from these LPs will be reinvested back into […] Source CryptoX Portal
Crypto Exchange Coinbase Announces Support for Altcoin That Pulled Off 900% Rally This Year
Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year. In an announcement via the social media platform X, Coinbase says it’s adding Core (CORE) to its trading platform. “Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to the project, Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin. Core’s ecosystem includes a Satoshi Plus…
Tether (USDT) Shifts Focus to Community-Driven Blockchain Support
Tether, the issuer of the widely-used stablecoin USD₮ (USDT), has announced a strategic transition to prioritize community-driven blockchain support. According to tether.io, the company will discontinue support for the EOS and Algorand implementations. Assessing Transport Layers In a bid to maintain a robust and innovative blockchain ecosystem, Tether continually evaluates current transport layers. The company aims to balance maintainability, usage, and community interest in its blockchain selections. A critical part of this evaluation involves assessing the security architecture of potential networks to ensure safety, usability,…
Coinbase, Binance and Other Top Exchanges Roll Out Trading Support for Brand-New ‘Omnichain’ Altcoin
Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity…