Author: Sollcrypto
The Shiba Inu ecosystem’s native token, BONE, has recently witnessed a remarkable surge in on-chain activity, drawing the keen interest of cryptocurrency enthusiasts and market observers alike. According to data from IntoTheBlock, there has been a substantial uptick in sizable transactions involving BONE within the last 24 hours, amounting to 342,590 BONE tokens, which equates to a value of $274,510. It’s important to highlight that these transactions encompass those exceeding a value of $100,000. This development is particularly significant, not only due to the surge in large transactions for the Shiba Inu token but also because the two days preceding…
Shiba Inu (SHIB) remains just above its critical support level at $0.000007, as traders divert their focus towards Calcium (CAL), a test token introduced by the network’s developers for non-investment purposes. Despite a 1.3% decline in the past week, SHIB, the second most well-known meme coin, continues its quest in the challenging bear market landscape. Is Shiba Inu’s Price Rebound Tied to This Level? The lead-up to the Shibarium launch, a Layer 2 scaling protocol, fueled a Shiba Inu price surge, starting from its low point in June at $0.000006 and reaching heights above the significant psychological barrier of $0.00001.…
Solana (SOL), while staging an impressive comeback, has exhibited a broader descending pattern in its price trajectory. The recent shift from $17.3 to $20.54 translated to an 18% profit for bullish investors. Nevertheless, surpassing the $20 mark may pose a formidable challenge. Analysis of Solana On the daily chart, there’s been a formation of a descending channel since July in the price movement. The recent recovery observed on September 11 rebounded from the channel’s lowest point at $17 and moderated within the mid-range, with a pause occurring near the upper range. As of the current writing, the retracement could potentially…
Coinbase Ventures into Spain: Expanding Cryptocurrency HorizonsAs a significant development, individuals in Spain can now benefit from a range of services, encompassing cryptocurrency asset custody, seamless crypto-to-fiat transactions, and the capacity to trade digital assets against other cryptocurrencies. This strategic move arrives amid a backdrop where 29% of Spanish adults perceive cryptocurrencies as the future of finance, elevating digital currencies above traditional bank transfers to become Spain’s second-favorite payment method. Moreover, Spain has seen a notable upswing in blockchain-related startups, indicative of an increasing appetite for blockchain expertise and technologies. The Upcoming Phases for Expanding the Trading Platform Coinbase’s Pursuit…
The xCrypto exchange Binance, along with its CEO Changpeng Zhao (CZ), has submitted a request for the dismissal of the legal action initiated by the U.S. Securities and Exchange Commission (SEC). Their argument centers on the assertion that the SEC’s lawsuit lacks a solid basis within the existing securities legislation, with a claim that, “The SEC is, in essence, distorting the language of the securities laws as a means to assert regulatory authority over the cryptocurrency sector.” Binance and CZ Aim to Have SEC Lawsuit Dismissed On Thursday, cryptocurrency exchange Binance and its CEO Changpeng Zhao (CZ) jointly submitted a…
The recent completion of Fund 10 by Cardano’s Project Catalyst reaffirms its dedication to nurturing innovation and promoting community-driven development. Funded by ADA, the Cardano community actively participates in proposing, voting for, and backing projects that contribute to the ecosystem’s growth, showcasing its decentralized fundraising prowess. Here are the main highlights and key insights from Fund 10: Fund 10 saw an impressive influx of proposals securing funding, with 192 projects garnering support from the Cardano community. This substantial funding allocation has reinforced Cardano’s standing as a blockchain platform dedicated to actively investing in a wide spectrum of projects, underscoring its…
Bitmain, a renowned manufacturer of cryptocurrency mining rigs, has unveiled its plan to invest $53.9 million in Core Scientific, a bitcoin mining company based in Texas. This strategic investment represents a significant step in their ongoing and mutually beneficial partnership, which is part of a supply contract aimed at expansion. The investment will be structured as a combination of both equity and cash, facilitating the acquisition of new bitcoin mining equipment. According to the terms of the purchase agreement, Bitmain will provide Core Scientific with 27,000 bitcoin mining servers in exchange for $23.1 million in cash and $53.9 million worth…
Throughout its history, Cardano (ADA) has risen to become one of the most adored cryptocurrencies, solidifying its position among the top 10 largest cryptocurrencies by market capitalization. Nonetheless, despite the significant growth of the Cardano network, investors in its native ADA token have faced dwindling levels of profitability over the past two years. How Many ADA Holders Are Currently Experiencing Gains? According to data from the on-chain monitoring platform IntoTheBlock, ADA appears to be the weakest performer among the top 10 cryptocurrencies in terms of profitability. While other assets in the top 10 have managed to maintain a reasonable level…
Bitcoin’s price is once more on a downward trajectory, encountering resistance at the $27,500 mark. It’s plausible that BTC may continue its decline and retest the $25,400 support area. The descent in Bitcoin’s value commenced subsequent to its inability to surpass the $27,500 resistance. Currently, the price is trading below both the $27,000 threshold and the 100-hourly Simple Moving Average. An important bullish trend line, previously situated near $26,800 on the hourly chart of the BTC/USD pair (sourced from Kraken), has been breached. Consequently, there’s a heightened risk of further declines beneath the $26,350 level. The Bitcoin price has returned…
Google Embraces Artificial Intelligence Across Its Product Suite, With YouTube as Its Latest Focus Google has committed to infusing artificial intelligence (AI) into its diverse range of products, including Google Docs and Search, as it strives to elevate user experiences, unlock novel creative potentials, and streamline workflows. The company’s most recent endeavor is centered on YouTube. Recently, Google unveiled a series of AI-driven features aimed at enhancing video creation, catering to both Shorts and long-form content on YouTube. Among these innovations is the experimental “Dream Screen” feature, which empowers creators to conjure dynamic AI-generated backgrounds for Shorts by simply inputting…