[ad_1] One low-cap layer-1 altcoin that recently rebranded itself is rising after abruptly gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase Assets says that it will be adding support for Gravity (G), formerly known as Galxe, an interoperable Ethereum (ETH)-based smart contract platform. “Trading will begin on 13 August 2024 at or around 12PM ET if liquidity conditions are met. Once sufficient supply of this asset is established trading on our G-USD trading pair will launch in phases.” News of the listing sent the digital asset soaring, as G went from a low of…
Author: dfrancis36
[ad_1] Reports have revealed that Shiba Inu (SHIB) whales have dramatically increased their holdings by a whopping 600%. This massive SHIB accumulation signals investors growing confidence in the popular meme-based cryptocurrency. SHIB Whales Increase Holdings By Almost 600% In just a single day, Shiba Inu whales increased their holdings by approximately 596%. According to IntoTheBlock’s data, on August 12, the total net flow of large scale SHIB holders had surged from 27.06 billion SHIB to 161.15 billion SHIB. Related Reading While the reason for this aggressive token accumulation remains uncertain, the slight stabilization of Shiba Inu’s price fundamentals may have…
[ad_1] At the Ai4 2024 conference held at MGM Grand, Las Vegas from August 12-14, Cardano founder Charles Hoskinson held a speech, focusing on the challenges of merging blockchain and AI. Romain Pellerin, CTO at Input Output, summarized the most significant points from Charles Hoskinson’s keynote speech via X. Cardano Founder: How To Merge AI And Blockchain Hoskinson argued that blockchain could fundamentally underpin AI by providing a decentralized marketplace for data, models, and inference, thereby serving as an essential incentive and trust layer. “AI could leverage blockchain as an incentive & trust layer to build decentralized marketplaces for data,…
[ad_1] A closely followed crypto analyst said that Bitcoin (BTC) could dip below the $50,000 mark if one major support level fails to hold. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,900 followers on the social media platform X that the crypto king’s next test could either send it flying past $70,000 or crashing down below $50,000. “I think that it’s quite simple: If BTC breaks current level, we go to $70,000. If BTC doesn’t break current level, we go to $40,000s (w/ bounces in between).” Source: Altcoin Sherpa/X Sherpa goes on to say that…
[ad_1] Aptos (APT) goes against the market’s general downward momentum. According to CoinGecko, the token is up more than 25% since last week, a good sign despite the broader market dipping by 3% in the past 24 hours. Related Reading The network is breaking new ground today. The Aptos main X account recently announced that their platform achieved a new high in transactions per second (TPS), a metric that is based on how fast the network can process transactions without any downtime. This win shows that Aptos can punch above its weight, competing with big players like Solana and Ethereum…
[ad_1] The Shiba Inu team is celebrating yet another milestone as they add a new payment method on the Shibarium network. This time around, the team is celebrating the addition of card payments for BONE transactions on the Ethereum Layer 2 network, making it one step easier for investors to be onboarded into the budding Shiba Inu community. Buying BONE Tokens With Credit Cards In an X (formerly Twitter) post, Shiba Inu marketing lead, LUCIE, revealed a major development for the Shibarium ecosystem. According to the post, investors who wish to invest in BONE, the utility token for the Shibarium…
[ad_1] Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and sustained institutional interest in Bitcoin, pointing towards an bullish outlook. #1 Increased Institutional Bitcoin Adoption Hougan highlights an impressive rise in institutional engagement with Bitcoin ETFs during the second quarter of the year. He reported, “I count 1,924 holder<>ETF pairs across all 10 ETFs,…
[ad_1] With Bitcoin consolidating between the $58,000 and $61,000 price level, cryptocurrency analyst and trader, Bob Loukas in a cautionary statement, has forewarned investors that the price stasis of the crypto asset is likely to remain, noting that no notable rally will take place before the middle of September. Loukas popular for his unbiased assessment of the market offered his insights on BTC’s current price action after receiving multiple requests from the crypto community about his opinion toward the coin’s movement. Bitcoin To See A Major Upward Movement Next Month Following a recovery from a broader market crash last week,…
[ad_1] Tron (TRX) is showing strong bullish momentum after a significant rebound at a key support level. This recent shift in momentum suggests that the $0.1443 target is now within reach. As the bullish optimism around Tron’s price continues to grow, traders are closely watching to see if the price could sustain its bullish momentum to reach the $0.1443 level. In this article, we will analyze Tron’s current price movement following the rebound at $0.1259, evaluate the significance of the $0.1443 target, and assess implications for future growth. Tron is currently trading at around $0.1321 and has increased by 1%…
[ad_1] A serious power crisis is what Iran is currently going through, and an unprecedented heatwave only serves to further deteriorate the situation. In a bizarre bid to crack down on this issue, the government of Iran has just announced a $20 bounty for citizens to act as informants on illegal cryptocurrency mining operations within the country. One state-run electricity company has already started this campaign: Tavanir. It fights the unauthorized consumption of subsidized electricity, which officials say contributes to ongoing power shortages hounding the country. Heatwave And Power Shortages The current heatwave has pushed temperatures in Iran to a…