Author: Sollcrypto

Fhenix Launches Upgraded Nitrogen Testnet with Advanced Features and Ethereum Encryption Fhenix, a Layer-2 (L2) network built on Fully Homomorphic Encryption (FHE), has unveiled its enhanced Nitrogen testnet, according to reports shared with Finbold on Wednesday, November 20. The upgrade introduces advanced decryption capabilities and a suite of features aimed at improving decentralization, security, and overall user experience on the network. Guy Itzhaki, CEO of Fhenix, emphasized the significance of the upgrade: “The Nitrogen testnet is a major step towards providing a permissionless, censorship-resistant platform for confidentiality with FHE. The introduction of the Threshold Network, along with new features such…

Litecoin Network Thrives as Hashrate Approaches Record Highs The Litecoin network is experiencing significant growth, with its hashrate nearing new all-time highs. Currently at 1.7 PH/s, the hashrate has steadily increased throughout the year, reflecting the network’s expanding computational power. A higher hashrate enhances network security and improves the chances of miners successfully validating blocks and earning rewards. The Litecoin Foundation celebrated this milestone on social media: “Network Check: Litecoin’s Hashrate is getting close to hitting new all-time highs! Currently cranking in at:🔥🔥🔥🔥 1.7 PH/s 🔥🔥🔥🔥That’s 1,700,000,000,000,000 hashes/s! $LTC is more secure than ever!” Transaction Records and Holder Activity This…

XRP, the sixth-largest cryptocurrency by market capitalization, has remained steady around the $1 mark over the weekend, fueling anticipation among investors. During this period, XRP surged to a three-year peak of $1.263, accompanied by record-breaking activity in the futures market. On Sunday, open interest in XRP derivatives climbed to $2 billion as investors placed bets on heightened price volatility. The surge in activity is attributed to growing optimism surrounding a potential easing of regulatory challenges. The upcoming integration of Ripple’s RLUSD stablecoin and the euro-backed stablecoin from French bank Société Générale into the XRP Ledger could drive increased institutional adoption…

Dogecoin Developer Issues Urgent Warning About Wallet Shutdown In a significant announcement, a prominent Dogecoin (DOGE) developer has issued a warning to the community regarding Dogechain.info, a widely used Dogecoin wallet platform. The platform, which operated for over a decade, shut down in July 2024 due to bankruptcy, leaving users scrambling to secure their funds. Major Wallet Platform Shuts Down Dogechain.info’s closure has sparked concerns among users about safeguarding their private keys. In a recent post on X (formerly Twitter), the developer stressed the importance of immediate action, urging users to download their private keys before the final deadline: “Dear…

Dogecoin (DOGE), the leading meme coin, has recently experienced a dramatic surge, soaring 111% over the past week to reach a three-year high of $0.40. However, technical indicators hint that this rally could be losing steam, with a potential pullback on the horizon. Dogecoin Shows Signs of Being Overbought Dogecoin’s price has risen 7% in the last 24 hours, but its trading volume has dropped by 33% in the same period, signaling an uptick in selloffs. When an asset’s price climbs while trading volume decreases, it often indicates waning momentum. A drop in volume during a price rise suggests fewer…

Deribit Reaches All-Time High Open Interest of $37.6 Billion Amid Bitcoin’s Price Surge Deribit, a leading cryptocurrency derivatives trading platform, has set a new record in open interest across its bitcoin (BTC) and ether (ETH) contracts, reaching $37.6 billion. This surge in open interest highlights Deribit’s growing market influence and comes as total platform open interest hit $40.8 billion as of Thursday, Nov. 14, 2024. The record includes increased activity across bitcoin futures, perpetuals, and options contracts, driven by bitcoin’s recent volatility. While bitcoin is down 2% today, it has gained 25% over the past two weeks. Spot trading volume…

Why Are Investors More Optimistic Than Ever About Bitcoin? Key Factors Fueling the Excitement Table of Contents Record Highs and Market Dynamics Bitcoin (BTC) is experiencing a remarkable resurgence after a period of high volatility. On Nov. 12, it traded close to the $90,000 mark, reaching a new all-time high of $89,900—a 25% surge in just one week. This has driven the total crypto market cap past $3 trillion, stabilizing around $2.97 trillion. Investor sentiment is also on the rise, with the Fear and Greed Index reaching an “extreme greed” level of 86, the highest since March 2024. The crypto…

Bitcoin Breaks Through $90,000 Resistance, Surges Past $93,000 Amid Strong U.S. Demand Bitcoin shattered the $90,000 resistance level early in U.S. trading hours, surging past $93,000 fueled by intense demand. The Coinbase Premium Index hit its highest level since April, indicating heavy buying from U.S. investors. Driving the rally, BlackRock’s iShares Bitcoin ETF (IBIT) saw significant activity, ranking as the fourth-most traded ETF across all U.S. exchanges with a $1.2 billion trading volume within the session’s first hour. After testing the $90,000 level several times earlier in the week, Bitcoin finally broke through on Wednesday morning as U.S. markets opened…

Dogecoin (DOGE) whales continue to exert influence over the meme coin ecosystem, with substantial transfers shaping broader market trends. According to crypto analytics platform Whale Alert, approximately 550 million DOGE were moved within just 20 minutes. While these transactions aren’t directly connected to specific events, they highlight the significant engagement of major DOGE holders. Dogecoin Correction in ProgressIn early trading, DOGE’s price dropped sharply in what many see as a healthy correction following a recent rally of over 115%. Despite the pullback, the market remains resilient. Notable analysts, including Peter Brandt, express optimism for DOGE’s future, citing historical trends. Whale…

On November 12, the Ethereum Foundation made another controversial move, selling 100 ETH valued at $340,000. However, a “smart money” trader stepped in to absorb the sell pressure, purchasing 100 times that amount with a $34 million buy. The trader, tracked by Lookonchain, acquired 10,364 ETH in several transactions using Tether (USDT) amid a 3% market pullback affecting Ethereum and other major cryptocurrencies. Lookonchain has been following this profitable whale, who has traded via six different wallets and completed 15 trades since August 12. The trader has profited in 14 of those trades, amassing $4.95 million with a remarkable 93%…