Author: News Room
QuickNode report deciphers reasons for crypto market’s bearish turn. The report explores 10 factors that led to a bearish Bitcoin turn. Despite market reversal seasoned traders remain patient and await a golden bull run. In a recent report released by QuickNode, and its renowned crypto market research tool QuickAlerts, the reasons behind the current bearish sentiment in the crypto market have been elucidated, shedding light on the intricacies of the recent downturn. 🚀 #Bitcoin: Why We Turned Bearish 10+ Days Ago https://t.co/zVVTo0XKmw pic.twitter.com/arBNLKGzO8 — 10x Research (@10x_Research) March 20, 2024 According to the report, which identifies 10 key factors contributing…
Users Can’t Send or Receive Money in Phantom Wallet A lot of people who use Phantom, a digital wallet for Solana cryptocurrency, are having trouble. They can’t send money to others or get money from them. Some think the wallet might not be working right now because the transactions aren’t showing up on the blockchain, which is like the internet’s ledger for cryptocurrency. Why Is Phantom Having Issues? The main reason Phantom might be having problems is because of a lot of people using the Solana network at the same time. Recently, a lot of people got excited about meme…
Radix, a pioneering full-stack layer-1 smart contract platform, has launched Project Ignition this week, an initiative aimed at injecting liquidity into its DeFi ecosystem. The project, which boasts $10 million in liquidity incentives, is set to redefine the DeFi landscape by offering lucrative opportunities for participants and amplifying the scalability of strategies within the ecosystem.—Through strategic partnerships with prominent liquidity pools like CaviarNine, DeFiPlaza, and Ociswap, Project Ignition incentivizes liquidity providers by offering an equal amount of XRD tokens for every $1 in wrapped assets (xUSDC, xUSDT, xwBTC, or xETH) added to the participating pools. With the potential to double…
On-chain data confirms that the Shiba Inu NFT project Shiboshis has continued to burn SHIB tokens even amid diverted focus from its burn functionalities. The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Sustained Focus on Shibarium Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December…
One of the biggest rollup networks on Ethereum is finally gearing up its systems for prime time. Optimism, a “layer-2” blockchain, bundles up user transactions and settles them on Ethereum for cheap. It has played a lead role in expanding accessibility to the second-largest blockchain ecosystem by market capitalization – and serves as the template for the publicly traded crypto exchange Coinbase’s own layer-2 network, Base. But there’s a catch to using Optimism today: Fault proofs, a component of the setup considered crucial for security, don’t even exist. That’s soon set to change. On Tuesday, OP Labs, the main development…
The IOTA EVM has officially soft-launched ahead of the anticipated full launch by the end of the month, with the IOTA Foundation closely monitoring the progress. The EVM will be a game-changer, allowing the deployment of smart contracts, feeless token implementation, and high scalability at over 700 transactions per second. The IOTA Foundation has announced the soft launch of the IOTA EVM, ushering in a new era of opportunities, connectivity and interoperability. Susanne Krone, the Head of Ecosystem at the Foundation, revealed the launch on Monday, stating: This strategic move marks the beginning of a carefully phased roll-out, during which…
Ethereum price extended its decline below $3,500. ETH is showing a few bearish signs and there could be a drop toward the $3,200 support zone. Ethereum started a downside correction below the $3,550 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,520 and $3,550 resistance levels. Ethereum Price Breaks Support Ethereum price started a downside correction below the $3,720 and $3,650 levels,…
Galaxy Digital will soon introduce crypto exchange-traded products (ETPs). The company teamed up with DWS a year ago to develop products for European investors. LONDON – Galaxy Digital (GLXY), the digital asset financial services firm headed by Michael Novogratz, will introduce crypto exchange-traded products (ETPs) in Europe “in a matter of weeks,” the CEO of its European operations said. Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts. “We partnered with DWS and will, in a matter of weeks, be launching new ETPs in…
Amid the Shiba Inu collapse, market analyst Xanrox has identified an entry price aligning with the Fibonacci 0.618 level, as he anticipates an imminent 300% surge. Shiba Inu is one of the victims of the latest market downtrend that has triggered retests of previous support levels. SHIB has collapsed by a massive 23% over the past seven days, relinquishing multiple psychological levels to the bears. Despite this downward spiral, analyst Xanrox remains bullish on Shiba Inu’s potential, expecting the crypto asset to register a massive price rally in the near future. Xanrox first published his analysis on March 17, following…
The metaverse needs to become a “rich, fulfilling and beautiful” place to be, said Serontonin CEO Amanda Cassett—and luxury brands are well-placed to make that happen. Speaking on a panel discussion at Decrypt and Rug Radio’s R HAUS event in Paris, Cassett said that the “parents” of the Web3 industry were technology and finance. “What got us here won’t get us there,” she said, referring to Web3’s predecessors, “and luxury and fashion has been making our industry beautiful.” The reason that Meta’s metaverse has yet to gain traction, she said, is that, “It doesn’t look good. It’s not sensory rich,…