Author: News Room
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This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a bit. Looking ahead, if ETH can’t stop sellers at the key support, then…
According to CryptoQuant’s J. A. Maartunn, the price of Bitcoin, the largest cryptocurrency by market cap, might soon experience a bounce. His assessment is based on the Net Taker Volume indicator, which measures the difference between selling and buying volume on Bitcoin futures volume. The metric, which was introduced earlier this year by CryptoQuant, helped to identify the cryptocurrency’s tops and bottoms during the previous market cycle. The indicator flashes a major bearish signal when it is deep in the negative territory after a substantial price rally. This indicates that the market is potentially facing heavy selling pressure. Hence, in…
In the ever-evolving world of cryptocurrency, Pendle has emerged as a beacon for yield trading enthusiasts, marking a significant milestone with a total value locked (TVL) of $4 billion. The platform, known for its innovative approach to yield-bearing assets, has seen its trading volumes soar to an impressive $10 billion. This surge is a testament to the platform’s growing popularity and the increasing interest in liquid restaking tokens and yield trading. A Novel Approach to Yield-Bearing Assets Pendle distinguishes itself by offering a unique trading experience where yield-bearing assets are divided into two components: the underlying asset and the yield.…
VeChainThor enables efficient and sustainable energy production with blockchain control. Professor Qi Ge, a member of VeChain’s steering committee, leads pioneering research at the intersection of 2D materials and blockchain technology. Professor Ge’s pioneering work explores the potential of 2D materials when combined with the VeChainThor blockchain. In an exclusive editorial, Professor Ge sheds light on the importance of sustainable solutions in shaping the technologies of the future. The professor proposes a new approach, inspired by nature itself, to harness the power of bacteria to generate electricity. He highlights the remarkable ability of some bacteria to produce electricity as part…
The LSK token, a cornerstone of the blockchain platform Lisk since its 2016 ICO, is set to undergo a significant transformation. This shift heralds a new chapter for Lisk, transitioning into an era of enhanced interoperability and broader utility within the ecosystem. Embracing a New Chapter with LSK The upcoming migration of LSK to an ERC-20 token on Ethereum’s Layer 1 marks a pivotal moment. This transition enables LSK’s seamless integration across the vast Ethereum ecosystem, enhancing its utility across DeFi protocols, wallets, and more. Such a move not only broadens LSK’s horizons but also fortifies its liquidity and accessibility.…
This summer, athletes from around the world will meet in Paris for the Olympic Games. One competition is the pentathlon, in which athletes compete in four distinct contests: swimming, fencing, riding and running and shooting. It’s a test of strength, agility and speed. Matthew Homer is a VC investor and adviser to founders in the crypto space. He was formerly the first-ever executive deputy superintendent for research and innovation at the New York State Department of Financial Services. Among financial jurisdictions there’s a similar sort of multidisciplinary competition already underway. In this race, however, jurisdictions are competing for the prize…
As the cryptocurrency community still awaits the conclusion of the courtroom standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, legal experts have highlighted what seems to be the regulatory watchdog’s unequal approach. Specifically, law professor J. W. Verret pointed out that the “SEC typically collects 11% of unregistered sales claims, but in Ripple case, they want 300%,” adding that “this is what abuse of power looks like,” as he explained in a post on his X profile BlockProf shared on April 3. Disproportionate Ripple SEC request Furthermore, Verret posted a graphic showing the disproportionate…
In a recent conversation with Anthony Pompliano, Dan Tapiero, CEO & CIO at 1RoundTable Partners and 10T Holdings, shares his in-depth views on Bitcoin, its position within the macroeconomic landscape, and the future of digital assets. Tapiero begins by reflecting on the macroeconomic backdrop that has evolved since 2020. He says that unlike the previous consensus that Bitcoin’s value rises solely during periods of negative real interest rates, its performance amidst a 5% short rate scenario signifies a broader appeal and utility beyond just a hedge against fiat debasement. This observation challenges the traditional macro viewpoint, suggesting a deeper, more…
Ripple, the company behind the XRP Ledger, has announced its entry into the stablecoin market, a sector currently dominated by players like Tether’s USDT and Circle’s USDC. The new stablecoin, yet to be named, will be pegged to the US dollar and is expected to launch later this year. Ripple to Launch a Stablecoin Ripple’s offering aims to distinguish itself by being “100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents.” This move places a strong emphasis on security and stability. According to Ripple, the decision to venture into stablecoins comes at a time when…