[ad_1] Crypto exchange Changelly has outlined its bullish price predictions for Shiba Inu (SHIB). The crypto exchange also highlighted several fundamentals that paint a bullish picture for the meme coin. Shiba Inu To Rise To $0.00002495 By July Changelly predicted in a blog post that Shib Inu will experience a price increase of just over 40% from its current price level and rise to $0.00002495 by July 1. This forms part of their bullish expectations for the meme coin this year, with the crypto exchange predicting that Shiba Inu can rise to $0.0000389961 by year-end. Interestingly, Changelly made these bullish…
Author: dfrancis36
[ad_1] Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels. Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency exchanges, according to on-chain data firms. This development has sparked speculation about the agency’s intentions and potential market impact. Selling Pressure Concerns On Wednesday, crypto data analytics firm Arkham detected a significant cryptocurrency wallet named “German Government (BKS),” transferring 6,500 BTC, equivalent to $425…
[ad_1] The U.S. Securities and Exchange Commission has concluded its investigation into Ethereum 2.0, according to a late Tuesday announcement by cryptocurrency firm ConsenSys on social media platform X. ConsenSys had previously filed a lawsuit seeking an injunction against the SEC’s regulation of the Ethereum blockchain. ConsenSys founder Joseph Lubin hailed the SEC’s decision as “a significant victory” for Ethereum. “While we welcome this development, it’s not enough. We must remain vigilant and continue advocating for clear and fair regulations that enable innovation to flourish,” Lubin, who also co-founded the cryptocurrency Ether, stated on X. Despite the SEC’s decision, ConsenSys…
[ad_1] Bitcoin is under immense selling pressure at spot rates, tracking lower from the all-important resistance level of $66,000. Although BTC may even crash below the psychological line at $60,000 towards $56,500 or May 2024 lows, some analysts are upbeat. Bitcoin Drop Is Normal Post-Halving: Analyst Taking to X, one analyst explained that the current correction is a normal part of its cyclic market cycle. If anything, savvy traders should continue accumulating on dips, targeting Q1 2024 all-time highs, and expect prices to chart fresh territories. BTC retracement post-halving normal | Source: @BittelJulien via X Looking at the formation in…
[ad_1] Binance’s venture capital arm is announcing an investment into a new cross-chain decentralized exchange (DEX) and bridging aggregator. In a new blog post, the world’s largest crypto exchange by volume says that it is investing an unspecified amount of money into interoperability DEX Rango. Rango is a cross-chain exchange that aggregates sources and connects traders to the best rates across multiple blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX) and Cosmos (ATOM). According to Binance, Rango currently supports over 60 digital assets, 70 DEX protocols, and 20 bridges, bringing its total volume to over $3 billion. As of June…
[ad_1] Solana, one of the top altcoins, trailing Ethereum and the BNB Chain, has not been spared in the recent correction. After rallying to as high as $210 in Q1 2024, the coin is now sliding, facing strong headwinds, plunging, and following the performance posted by Bitcoin and Ethereum. Is This The Best Time To Buy Solana? Even amid this deep retracement, Raol Pal, a macro analyst, thinks this is the best time for investors and traders to consider Solana. In a post on X, Pal said traders may look at loading the coin, citing the candlestick arrangement in the…
[ad_1] Marathon Digital Holdings (NASDAQ:MARA) has integrated its multi-chain layer-2 network, Anduro, with the decentralized exchange network Portal to Bitcoin. This integration aims to enhance the utility of the Bitcoin network by enabling atomic swaps, which allow for peer-to-peer transactions of cryptocurrencies across different blockchains. Marathon, a publicly-traded bitcoin miner, began incubating Anduro in February, describing it as “a platform built on the Bitcoin network that allows for the creation of multiple sidechains.” The integration with the San Francisco-based fintech provider and subsequent renaming to Portal to Bitcoin was announced in an email shared with CoinDesk on Wednesday. Previously known…
[ad_1] Thanks to the summer heatwaves in North America, Bitcoin miners may begin to record a considerable increase in their revenue. This extreme weather condition is also expected to significantly impact Bitcoin’s hash rate. Bitcoin Miners To See Increase In Profit Thanks To Lower Competition Bitcoin miners are expected to see an increase in profit because many may have to shut down or cool off their operations due to the extreme heat that usually occurs in North America during the summer. The United States (US) is known to be home to most Bitcoin miners, with data from the University of…
[ad_1] Analysts at crypto hedge fund Pantera Capital believe Solana (SOL) could soon start pulling market share away from Ethereum (ETH) and other layer-1 competitors. In its latest Blockchain Letter, Pantera analysts Franklin Bi, Cosmo Jiang and Eric Wallach say that Solana’s monolithic architecture gives it a sizable advantage over other blockchain projects. “Solana’s monolithic design and relentless focus on optimization offer distinct advantages in terms of user experience, developer agility and security. As the blockchain industry matures, these strengths position Solana to thrive and gain market share from competing ecosystems. While the road ahead is not without challenges, Solana’s…
[ad_1] Cryptocurrency exchange Kraken has announced that it has fallen victim to a major security flaw that has resulted in the theft of $3 million worth of digital assets. However, in a surprising turn of events, the party responsible has been identified as CertiK. This blockchain security firm claims to have initially reported the bug through Kraken’s bug bounty program. CertiK is now accused of exploiting additional vulnerabilities and extorting the exchange for more money, leading to calls for legal action and concerns among crypto investors. Kraken Security Flaws Exposed The incident unfolded when Kraken’s Chief Security Officer, Nick Percoco,…