Solana (SOL), often dubbed the ‘Ethereum killer,’ has recently completed a golden cross pattern, a technical signal that traders closely monitor for indications of upward price momentum. This formation occurs when a shorter-term moving average crosses above a longer-term moving average—in this case, the 50-day Simple Moving Average (SMA) crossing above the 200-day SMA. Historically, … Read more
Neil Bergquist, co-founder and CEO of Coinme, has been a strong advocate for bitcoin ATMs since their inception in 2013. In a recent op-ed, he emphasized their significance in the crypto economy, stating, “Bitcoin ATMs are essential to the crypto economy.” These machines not only serve as gateways for fiat currency to enter the cryptocurrency ecosystem … Read more
Bangkok, October 29, 2024 – TRON DAO has announced its partnership with Chainlink by joining the Chainlink SCALE program, positioning Chainlink Data Feeds as the official oracle provider for the TRON blockchain ecosystem. This strategic move marks a significant shift, replacing WINkLink with Chainlink to deliver high-quality and secure data for TRON’s decentralized finance (DeFi) … Read more
In a recent alert, a16z has raised concerns over crypto scammers using spoof domain names that closely resemble those of the venture capital firm. These scammers are inviting targets to a fraudulent podcast initiative, taking advantage of the increasing popularity of podcast platforms within the cryptocurrency space. Scam Tactics Many reports indicate that these scams … Read more
Crypto mining hardware is the backbone of the cryptocurrency mining industry. It determines the efficiency, profitability, and overall success of a mining operation. As technology evolves, so does the mining hardware market, offering a variety of options for different mining algorithms and cryptocurrencies. Here are the top hardware options known for their performance, efficiency, and … Read more
In an impressive turn of events, Crypto.com has reported a staggering monthly spot trading volume of $139 billion for October, more than doubling the $57 billion recorded by Coinbase, as reported by The Block on October 30. This surge positions Crypto.com as a leading player in the cryptocurrency exchange market. Dominance of Bitcoin and Ethereum … Read more
As the US Presidential Election draws nearer, Bitcoin’s dominance in the cryptocurrency market is surging, raising concerns for an impending altcoin season. Currently, Bitcoin’s dominance (BTC.D) has reached its highest level since 2021, sitting at 59.77, the highest since April 2021. This shift comes alongside significant capital inflows into Bitcoin ETFs and a lackluster performance … Read more
Ethereum (ETH) has seen a notable price increase of over 7% in the past week, signaling a bullish sentiment among many investors. However, whale activity remains cautious, reflecting uncertainty among large holders of the cryptocurrency. Technical Indicators Favor Bulls Technical analysis shows that EMA lines are indicating a bullish setup, which suggests that momentum could … Read more
On October 30, Evgeny Grabchak, Russia’s Deputy Energy Minister, announced that the country will soon impose restrictions on cryptocurrency mining in regions facing critical electricity shortages. Grabchak indicated that mining, often viewed as a precursor to digitalization, may be banned at the state level in specific areas due to the pressing energy crisis. During a … Read more
As the 2024 U.S. presidential election approaches on November 5, endorsements from the cryptocurrency sector are making headlines, particularly for candidates Donald Trump and Kamala Harris. Trump has received a notable share of endorsements, partly attributed to his early campaign announcement and his shift towards a more pro-crypto stance. Key supporters include major figures like … Read more