[ad_1] XRP price declined heavily from the $0.5250 resistance zone. It tested the $0.4540 support zone and is now attempting to recover above $0.4880. XRP is correcting losses above the $0.4820 and $0.4840 levels. The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip again if it stays below the $0.5050 resistance zone. XRP Price Takes Hit XRP price started a major decline like Ethereum and declined below the…
Author: dfrancis36
[ad_1] DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet Computer can hold, send and receive bitcoin natively, without the need for bridges or other 3rd-parties. This provides a trustless foundation for varied DeFi and web3 applications seeking to code Bitcoin. “Blockchains are like walled gardens, incapable of interaction between one another. When this…
[ad_1] Tenderly, creators of a blockchain development platform, today announced that it is the first web3 development platform to offer simulations through RPC on its Tenderly Web3 Gateway, the company’s production node as a service. Note, Tenderly already processes more than 50 million simulations per month through its Transaction Simulator. Now, the company is introducing the same capabilities to the world of JSON-RPC. Just recently, Tenderly entered the node infrastructure space with its Tenderly Web3 Gateway, which is built on top of more than four years of dev tools and observability experience, and Tenderly continues to deliver new products into…
[ad_1] A closely followed analyst says one altcoin flying under the radar may be trading well below its fair value. Pseudonymous analyst Inmortal tells his 214,300 followers on the social media platform X that he’s long-term bullish on Mythos (MYTH). Mythos is a multi-chain ecosystem that aims to democratize gaming for creators and players. According to Inmortal, Mythos is undervalued based on its strong fundamentals. “1. [Mythical Games] is the only company ever to get an NFT (non-fungible token) marketplace approved by the App Store 2. They have partnered with Pudgy Penguins. In case you have been living in a…
[ad_1] Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves. How it Works Deribit provides all addresses for all on-chain assets and it delivers a daily file with all liabilities (all client balances) in a hashed way. Note, assets held by third-party custodians cannot be included in the report as they are not under Deribit’s direct control. Therefore, the data file that is fully accessible to all interested…
[ad_1] Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused on ETH accumulation. It combines Lido’s yield with weekly strangles to earn more every time the ETH price bounces up or down. Currently, Pods platform users can deposit ETH and stETH into the vault stETHvv (short for stETH Volatility Vault) and be exposed to…
[ad_1] ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the earliest staking platforms in the space, MyCointainer. Users of both will now be able to stake ThunderCore’s native asset TT to earn rewards. Unlike proof-of-work (PoW) blockchains like Bitcoin, ThunderCore is an environmentally friendly proof-of-stake (PoS) chain, which means that its consensus mechanism for validating transactions is based on incentivized crypto staking. ThunderCore’s new PoS staking model,…
[ad_1] GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates). Any financial intermediary can create white-labeled investment products in collaboration with GenTwo Digital and execute them via Coinbase’s platform. “Through this partnership, GenTwo and Coinbase are not only providing a secure institutional gateway to crypto assets but also helping GenTwo to fulfill our mission…
[ad_1] Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: Competitive Pricing & Execution: Liquidity is sourced from top-tier liquidity providers with deep liquidity pools, enabling counterparties to place large orders for immediate execution at optimal pricing, while incurring minimal transaction costs. Note, the minimum trade size is a $1,000 notional value per order. Intuitive Interface: eOTC users can customize their Gemini eOTC interface to get real-time visibility into changing prices…
[ad_1] Shiba Inu has grown along the years to become one of the biggest meme coins in the midst of many tokens battling in the meme coin niche. Despite what many might call its OG status, Shiba Inu is still subject to many critics who are of the notion that the cryptocurrency could lose most of its value in the coming years. On the other hand, a crypto investor known pseudonymously as Crypto King sees the vision and potential in SHIB that the critics are missing. In response to a recent SHIB criticism, Crypto King took to social media platform…