Author: Sollcrypto
In a recent disclosure, Derivatives Monke, a prominent figure in the cryptocurrency community, exposed alleged corruption involving Sebastien, the Head of DeFi at zkSync, a Layer-2 scaling solution for Ethereum. Derivatives Monke shared a screenshot of a conversation with Sebastien, also known as Seb, revealing the latter’s offer of “extra zkSync tokens” and the reservation of some for a “friend joining the multisig.” The tweet suggests that Seb engaged in spreading Fear, Uncertainty, and Doubt (FUD) before the launch of Syncus_Fi, a treasury-backed DeFi protocol focused on the new economic system on zkSync. The official announcement clarified that the Initial…
Peter Szilagyi, the leader of the Ethereum team, has expressed frustration regarding the lack of interest from his alma mater in facilitating collaboration opportunities for students with Ethereum. The ETH ticker is currently down to $2,153. In a series of posts on X (formerly Twitter), Szilagyi elaborated on his ongoing disappointment, noting that he consistently sensed a lack of genuine enthusiasm when returning to his old university to discuss Ethereum. He highlighted that students seemed more fixated on the price of Ethereum rather than the project itself, despite ETH experiencing a 20.10% increase over the last 30 days. As of…
A trader who accurately predicted the peak of Bitcoin’s 2021 bull market is confident that the cryptocurrency giant will force even the most resistant bears to surrender. The pseudonymous analyst Pentoshi, sharing insights with his 717,200 followers on the social media platform X, highlights that the U.S. Securities and Exchange Commission (SEC) has slightly over a month to make decisions on several applications for spot market Bitcoin exchange-traded funds (ETFs). A Bloomberg analyst has previously indicated that the SEC is poised to approve all proposals for spot-based Bitcoin ETFs in January. Pentoshi anticipates that Bitcoin (BTC) will experience additional upward…
BTC price resilience persists into the end of November, with Bitcoin starting the new month by approaching the upper limit of its local range. Bitcoin (BTC) reclaimed the $38,000 mark on December. Efforts by Bitcoin bears to trigger a sell-off at the monthly close prove unsuccessful. Information from Cointelegraph Markets Pro and TradingView observed remarkable overnight performance in BTC prices, maintaining crucial support. The closing value exceeded $37,700, with bid liquidity safeguarding the intraday range and preventing a last-minute sell-off, according to order book data from the trading resource Material Indicators. “Closing above $35K for the month looks quite positive,”…
On Thursday, November 30, the Ethereum development team declared that Goerli, the blockchain’s multi-client testnet, will no longer receive support from both client and Ethereum Foundation testing teams. Ethereum Duncun Upgrade The Dencun upgrade is slated to be the ultimate one, serving as the final implementation that will eventually lead to validators exiting three months after Goerli Dencun activation or one month after Dencun mainnet activation. The Ethereum Foundation is advising users dependent on Goerli for stable testnet environments to migrate in advance. Despite the permissionless nature of Goerli staking, the departure of validators from client and testing teams, representing…
Crypto Eri, a notable personality in the XRP community, has revealed that substantial developments are underway to enhance the utility of XRP. In a recent tweet, Crypto Eri provided insights into a groundbreaking feature set to be introduced in the form of “single-sided XRP staking” on the Futureverse. She noted, “More New XRP Utility Coming.” Empowering XRP Holders with Enhanced Features The upcoming XRP staking feature on The Root Network is poised to offer XRP holders additional avenues to actively participate in the crypto ecosystem, thereby elevating the overall utility of XRP. Crypto Eri’s announcement, which expanded on remarks from…
As December unfurls, Arthur Hayes, the ex-CEO of BitMex, eagerly awaits what he playfully calls “gifts” from an “old white man,” alluding to the anticipation surrounding the upcoming speech by Fed Chairman Jerome Powell. In a lively message, Hayes underlined his hope for Powell to take a bold step by reducing interest rates, potentially propelling Bitcoin to unprecedented heights. Hayes’ excitement is grounded in historical trends. December has traditionally been a bullish month for Bitcoin, especially following positive closures in October and November. The historical trajectory of Bitcoin’s price is leaning towards a bullish trend. As per a recent analysis…
Amazon Elevates Generative AI Capabilities with Introduction of Image Generator in Amazon Titan Suite, Competing Against Adobe and Stable Diffusion In a recent announcement, Amazon unveiled its new image generator as part of the Amazon Titan suite, a comprehensive set of multimodal foundation models (FMs) accessible through Amazon Web Services. Amazon Titan models integrate 25 years of artificial intelligence (AI) and machine learning (ML) innovation, pre-trained on extensive datasets to support various use cases responsibly. The Amazon Titan Image Generator empowers content creators to produce high-quality, realistic images using simple English prompts or reference images. Positioned against Adobe’s generative AI…
Bitcoin struggled once more to surpass the $38,500 resistance area. Currently, BTC is in a consolidation phase above the 100-hourly Simple Moving Average (SMA) and is contemplating another upward move. Despite encountering significant resistance around the $38,500 mark, Bitcoin’s price remains above $37,400 and the 100-hourly SMA. On the hourly chart of the BTC/USD pair (data feed from Kraken), a crucial bullish trend line is taking shape with support approximately at $37,350. Unless the price drops below the $37,350 support, there is a possibility that the BTC/USD pair may make another effort to break through the $38,500 resistance level. Bitcoin…
Bitcoin (BTC), the largest cryptocurrency globally, demonstrates robust momentum, surging by 3% in the past 24 hours and edging closer to the $38,000 mark. This latest move extends BTC’s weekly gains to almost 4.5%. Large Amounts of Bitcoin Shifting Away from Exchanges On-chain data reveals a significant shift of Bitcoins away from exchanges, potentially serving as a bullish catalyst in the near future. Recent reports indicate that the supply of Bitcoin on exchanges has reached its lowest point in five years, dating back to 2017. Santiment, an on-chain platform, highlights the ongoing trend of Bitcoin supply moving into self-custody, indicative…