Author: News Room
Bitcoin Cash (BCH) price noted a remarkable 90% rally in the span of just ten days, bringing the altcoin up from $358 to $678. However, this rally will likely halt for some time, and BCH will note corrections for this reason. Bitcoin Cash Investors Look to Sell Bitcoin Cash’s price crossing $650 was a momentous occasion, and this also instilled the sentiment of profit-taking among holders. This is evident in the change in their conviction, as noted in the Mean Coin Age. Mean Coin Age measures the average age of all coins in circulation, reflecting the level of market activity…
The Stacks Working Group, a new research group of cryptocurrency professionals, is launching its curriculum with a focus on BitVM, a computing layer based on Bitcoin (BTC), the largest cryptocurrency. This statement was made by the head of growth at the Stacks Foundation, Mitchell CUEVAS, on March 28, 2024. Using Stacks as a strong initial example, the BitVM-focused working group will aim to accelerate the development of BitVM while identifying how it can improve trust assumptions on the network. Technologies like BitVM are complementary to networks like Stacks and other layers seeking the most secure, direct connection to the Bitcoin…
Degen Chain, the latest blockchain entrant, has set the crypto industry abuzz with its features and possibilities. The Degen chain was announced on March 28 by pseudonymous founder Jacek and infrastructure provider Syndicate. At its core, Degen Chain reportedly represents a low-cost Layer 3 solution, boasting an architecture designed to cater specifically to community needs. Degen Chain stands out as one of the platforms introducing a community token with its own L3 infrastructure anchored by its native gas token, $DEGEN. The Pillars of Degen Chain Degen Chain comprises three essential components: Arbitrum Orbit: Serving as the underlying technology stack,…
South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10. The country will go to the polls in just over a week to elect members of the National Assembly. The parliament is currently dominated by the Democratic Party. But President Yoon Seok-yeol’s People’s Power Party is hoping to secure a victory. Pollsters are predicting a tight race. But with crypto-related scandals like Coin Gate still raging, candidates have alleged that their opponents are holding on to secret crypto stashes. South Korean Politicians ‘Mudslinging’ Ahead of April 10 Vote Media outlets…
Book of Meme (BOME) price has closed March 2024 at $0.15, with remarkable gains in excess of 2,265%, recent social media trends suggest more bullish action could follow in April. Since the turn of the year, Solana memecoin ecosystem has been on a remarkable run with the likes of Dogwifhat (WIF) and BONK leading the charts. However, newly-launched Book of Meme (BOME) has been at the forefront of the rally in recent weeks. Book of Meme social media trends hint at April rally Book of Meme (BOME) is a Solana (SOL) memecoin launched on March 14. The token made giant…
Stablecoin issuer Tether has announced the successful completion of the System Organization Control (SOC) 2 Type 1 audit. According to Tether, this step is integral to reinforcing its commitment to providing a secure and transparent environment for its users, highlighting its role as a frontrunner in the industry. The SOC 2 Type 1 audit, recognized as a benchmark for security compliance, was developed by the American Institute of Certified Public Accountants (AICPA). Tether’s accomplishment in this area is significant, given the audit’s rigorous assessment based on five foundational ‘trust service principles’: Security, Availability, Processing Integrity, Confidentiality, and Privacy. Tether claims…
Fetch.ai (FET) price is continuing its bullish streak even though the rest of the crypto market is cooling down from the February and March rallies. Will this lead to corrections for FET, or will the altcoin be able to note another all-time high? Fetch.ai Could Lose Support From Its Investors After a remarkable rise, Fetch.ai’s price is noting some drawdown until the market cools down. This was an expected decline since nearly 98% of the entire circulating supply was sitting in profits. Whenever more than 95% of the supply witnesses profits, a market top is formed. Market top refers to…
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has no bug bounty program. ‘Critical Flaws’ Present in Ethena According to Pseudonymous […] Read the full article here
Bitcoin’s price has been exhibiting silent price action following an attempt to surpass its all-time high of $73.7K, resulting in a period of low-volatility sideways consolidation. However, there are indications of a potential corrective phase in the mid-term as the price forms a double-top pattern. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals that Bitcoin’s price encountered significant buying pressure in the crucial support region, defined by the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This led to a renewed bullish surge towards the $72K resistance region. However, the price failed to…
VeChain Founder Sunny Lu has teased the future of the protocol with a strong tilt toward sustainability. Lu believes billions of users will leverage VeChain’s solution in the future, a move bolstered by the integration of incentives. Sunny Lu, Founder of VeChain (VET), the enterprise-grade smart contract protocol designed to trigger the mass adoption of blockchain technology, has provided a glimpse into the network’s mission and vision to promote sustainability and reward positive behavior within its ecosystem. Rewarding Positive Behavior In an exclusive interview with Ajwritescrypto on YouTube, Lu emphasizes the importance of providing a platform where individuals are incentivized…