Posts

Showing posts from February, 2023

ImmutableX Price Prediction for Today, February 28: IMX/USD Takes the Day as Price Aims at $1.10 Level

Image
Join Our Telegram channel to stay up to date on breaking news coverage The ImmutableX price prediction shows that IMX is currently changing hands at $1.09 as the technical indicator swings to the upside. ImmutableX Prediction Statistics Data: ImmutableX price now – $1.09 ImmutableX market cap – $922 million ImmutableX circulating supply – 849.3 million ImmutableX total supply – 2 billion ImmutableX Coinmarketcap ranking – #55 IMX/USD Market Key Levels: Resistance levels: $1.40, $1.50, $1.60 Support levels: $0.80, $0.70, $0.80 IMXUSD – Daily Chart IMX/USD is keeping the upward movement as its price moves toward the upper boundary of the channel with a gain of over 12.78%. At the time of writing, the ImmutableX (IMX) bulls remain above the 9-day and 21-day moving averages and capped to the upside at $1.11. ImmutableX Price Prediction: ImmutableX (IMX) Could Spike High The ImmutableX (IMX) price keeps hovering above the 9-day and 2...

Bitcoin core dev calls out 'misleading' auction selling his code as an NFT

Image
Bitcoin core developer Luke Dashjr has called out the sellers behind an NFT auction for using his name and code without his knowledge or consent. One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn't been the first Bitcoin developer to have his name or his work used in this way. In a Feb. 27 post on Twitter, the developer revealed a non-fungible token (NFT), featuring a picture of code he wrote, was sold at auction site for 0.41 Bitcoin (BTC), or roughly $9,500 at the time of writing. I want to make public my concern about "NFTs" which are being sold utilizing my name. Recently, a picture of code I wrote was sold at auction for .41 BTC. It was advertised as my code in the listing and presented to the public for sale and profit. 1/9 pic.twitter.com/5TcEJu4p5e — Luke Dashjr (@L...

'Mysterious' Ethereum Wallet Now Worth $400M+

Image
Conor Grogan, Product Strategy Director at Coinbase, recently took to Twitter to reveal “one of the most mysterious addresses in all of crypto.” Using on-chain data, the executive highlighted that the address bought Ethereum tokens during the ICO in 2014. The wallet remains untouched, per the executive. Furthermore, Conor pointed out that the wallet is now worth more than $400 million, marking a 5333-fold growth. He additionally revealed that the address received millions of tokens via airdrops. One of the most mysterious addresses in all of crypto: -Bought $75k worth of ETH at the ICO in '14 -Completely untouched wallet; has never made a single transaction -Wallet now worth $400M+, a 5333x -Received $6.5M in airdrops just by hodling (a 87x on initial investment alone) pic.twitter.com/wBpw9pQcAB — Conor (@jconorgrogan) February 26, 2023 Also Read: Kevin O’Leary: Crypto Exchanges Will Continue Going To ‘ZERO’ Deep diving ...

GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO

Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot BTC ETF there would "no longer" be a discount or a premium, amid ongoing legal action against the SEC. Grayscale Investments CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them, in a recent podcast interview. In an interview with What Bitcoin Did, a popular podcast hosted by Peter McCormack, on Feb. 25, Sonnenshein explained that the SEC “violated the administrative procedures act” by denying Grayscale Bitcoin Trust (GBTC) to be an approved spot Bitcoin (BTC) exchange-traded fund (ETF), in June 2022. He explained that this act ensures the regulator doesn’t show “favoritism,” or act “arbitrary,” adding that by approving Bitcoin Futures ETF, whilst rejecting “GBTC's conversion,” the SEC has acted “arbitra...

Ripple Moves In A Range But Holds Above $0.38

Image
Feb 24, 2023 at 08:41 // Price Author Coin Idol Ripple (XRP) price is currently below the moving average lines. Long-term forecast for the Ripple price: bearish The price movement of XRP is choppy. The altcoin's price movement is no longer visible. Doji candlesticks, which have a small body and are indecisive, are used to describe price movement. Doji candlesticks keep the prices where they are right now. They indicate that both buyers and sellers are uncertain about which direction the market should move. The price bars are currently below the moving ave...

This Bullish Set Up Is Ready To Propel Binance Coin (BNB) Price To $400 But There’s Catch

Image
Join Our Telegram channel to stay up to date on breaking news coverage Binance Coin price appears to be closing in on a strong support after dropping 8.4% from its new 2023 high of $337. The native token of the world’s leading cryptocurrency exchange by daily traded volume, is nevertheless, trading 40% higher than the December low of $220. Meanwhile, BNB Price exchanges hands at $309 at the time of writing, while bulls consolidate above $300 to prevent losses from becoming prevalent. Declines below $300 could wipe out most of the gains accrued since BNB tagged $220 in late December. BNB price requires strong backing from investors to uphold support at $300. This means, buyers will have to ignore the regulatory pressure from the United States to keep the uptrend going. On the brighter side, Asia appears to be coming up as the next crypto hub. News that the Hong Kong Securities and Futures Commission (SFC) had released a new set of regulations from crypto trading platforms...

The Future of EV Charging Is Here – Join This New Presale and Be Part of the Revolution

Image
Join Our Telegram channel to stay up to date on breaking news coverage Energy concerns are driving the crypto market in a more eco-friendly direction. Reports say that 52.6% of Bitcoin mining is done through sustainable resources. Also, major cryptocurrencies have emerged that are either made on an eco-friendly blockchain (BEP 20 tokens) or are part of a project that aims to save the environment in more ways than one. C+Charge is a crypto project that is set to change the current face of electric charging systems by creating a future of EV charging that is more transparent, more rewarding, and more uniform. C+Charge is Here to Address the Current Issues of the EV space..and more The current EV system is plagued with issues like lack of transparency, lack of uniformity, and lack of rewards. The lack of transparency is highlighted by the fact that there is no way for people to know what their electric charging costs will be. Unlike the standard petrol or gas prices, whose info...

Ethereum Shanghai/Capella Upgrade Gets a Final Date From Developers

Image
After much anticipation, the Ethereum network has made the switch from proof-of-work mining to proof-of-stake mining. The transition was completed successfully on September 15, 2022. The Shanghai testnet, which was supposed to go live by the end of February, was one of the most eagerly anticipated Ethereum releases. The Ethereum development team has been working nonstop to launch additional testnets in the coming days. Also read: Scam ChatGPT Tokens Hit the Crypto Market — What You Need To Know The Ethereum Foundation has released the final scheduled date for the Shapella network upgrade, moving a step closer to withdrawals.  Source: TheStreet Ethereum’s Shapella upgrade to go live on February 28, 2023 According to the details from the announcement, the Shapella upgrade ( Shanghai / Capella ) will go live on the Sepolia network on February 28, 2023, at 4:04:48 AM UTC. The developer s have mentioned that the much-awaited upgrade is scheduled after months...

Bitcoin Price Prediction for Today, February 21: BTC/USD Fails to Hold Above $25,000 Level

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction is currently consolidating and seems to be preparing for the next move above the resistance level of $26,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $24,571 Bitcoin market cap – $472.3 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $28,000, $29,000, $30,000 Support Levels: $22,000, $21,000, $20,000 BTC/USD is yet to stay above the resistance level of $25,000 with the current consolidation pattern once again as it fails to close above the upper boundary of the channel. The Bitcoin (BTC) begins the day off by trending higher toward the north only to roll over and fall lower to trade back inside the channel. Similarly, the first level of support could be located at around $24,...

India expands national payment network to Singapore: What’s in it for crypto?

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program. India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage. The UPI-PayNow integration will allow users of the two nations to send money across borders quickly. It is possible to send or receive money from India using only a UPI-id, cellphone number, or Virtual Payment Address for money held in bank accounts or e-wallets (VPA). UPI's instant real-time payment system helps to transfer cash immediately via a mobile interface between the two bank accounts. UPI ...

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

Image
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over the past 24 hours. BUSD Supply Shrinks by 17.77% in 6 Days Statistics show that a significant amount of BUSD has been redeemed over the past six days, with the supply dropping by 17.77% during that time frame. Over the past 30 days, the supply of BUSD has shrunk by 19.2%. On Feb. 13, 2023, Paxos, the company that issues, manages, and redeems BUSD, announced that it would no longer mint new BUSD going forward. Redemptions kicked into high gear after Paxos made the announcement, with $290 million being redeemed within eight hours. At the time of the announcement, there was $16.1 billion BUSD in circulation. As of Feb. 19, 2023, t...