Author: CryptoHoppers
Share this article Bitcoin (BTC) spiked past $70,000 today and broke its two-week downtrend. Trader Rekt Capital highlights, however, that this already happened recently, and a daily close above the resistance must occur to confirm this breakout. #BTC Bitcoin broke its two-week downtrend today However, we have seen upside wicks beyond this downtrend before Which is why a Daily Close later today is needed to confirm this breakout$BTC #Crypto #Bitcoin pic.twitter.com/0jjg7TeebA — Rekt Capital (@rektcapital) June 3, 2024The trader shared on X that this downtrend started near the $71,500 price level, and it’s not something out of the ordinary in…
Overview OpenSea: NFTCult Contract: Etherscan Gross Revenue: $1.2M Project Summary The NFTCult token is an innovative community and supporter token developed by NFTCulture. Designed to enhance community engagement and support, this token incorporates several groundbreaking features in the NFT space: Forging: The process of merging multiple NFTs to create a new, unique token. Burn Minting: Destroying an existing token to mint a new one, adding a layer of scarcity and value. Extensible Artwork: Allows the artwork associated with the token to be updated or extended over time. Technical Details: Smart Contract: Utilizes ERC721Enumerable, providing advanced functionality and efficient management of…
According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be repeated as India seeks to hold more gold domestically for logistical reasons […] Source link
The Nigerian government’s treatment of crypto is causing confusion and frustration among investors. The country’s Senate Committee on Capital Markets has called for cryptocurrency regulation to protect investors and strengthen the local economy. Also Read: Binance’s Gambaryan Denied Bail in Nigeria’s Money Laundering Trial Despite the government’s attempts to control cryptocurrency trading, Nigerians remain enthusiastic about cryptocurrencies. The Senate Committee on Capital Markets stressed the need for clear regulations on cryptocurrency. According to Osita Izunaso, the committee chairman, regulation is essential since authorities have been unable to stop residents from trading crypto. Nigeria Can’t Make a Clear Decision on Crypto…
Last week saw divergent trends among the top cryptocurrencies. While Bitcoin (BTC) suffered declines, with most altcoins following suit, a select few assets posted significant gains, continuing the rallies initiated two weeks before. However, despite some cryptocurrencies recording gains, Bitcoin’s price drop negatively impacted the broader market valuation. Consequently, the global crypto market cap decreased by 1.16% to $2.54 trillion. Here are our top cryptocurrency picks to watch this week following their notable performances last week: NOT, AXS and TIA prices – June 2 | Source: Santiment NOT spikes 304%, tops gainers list Notcoin (NOT) stole the show last week.…
Share this article As the cryptocurrency landscape continues to evolve, Binance has announced a significant change that will impact many users: the shutdown of the BEP2 network by June 2024. This transition is part of Binance’s broader strategy to streamline its blockchain operations and enhance performance.For users holding assets on the BEP2 network, the impending sunset means taking prompt action to migrate these assets to the more advanced Binance Smart Chain (BSC). Fortunately, ChangeNOW offers a seamless solution to facilitate this transition, ensuring the security and accessibility of your digital assets.Understanding the BEP2 ShutdownThe BEP2 network, originally part of Binance’s…
Overview OpenSea: Monster ChampionsContract: EtherscanGross Revenue: ~$620k Project Summary “Monster Champions” is a Genesis character drop for an upcoming GameFi game set to launch in May 2022. This project marks a significant entry into the GameFi sector, blending gaming with blockchain technology. NFTCulture was responsible for the art generation and smart contract development, ensuring a seamless integration of unique game characters into the blockchain ecosystem. Technical Details: Smart Contract: Utilizes ERC721a for efficient, gas-optimized transactions. Development: The entire art and contract development was executed by NFTCulture. Monster Champions Menagerie Overview OpenSea: Monster Champions MenagerieContract: Polygonscan Project Summary The “Monster Champions…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down […] Source link
The crypto fear and greed index recently hit 74, indicating extreme market greed. Bitcoin miner revenue soared over the past month. The rally that Bitcoin [BTC] saw over the last few weeks, caused the price to surge and stagnate at the $68,000 level. However, new data indicated that the appetite of the bulls continued to increase. Crypto fear and greed index tells you… Data from Alternative.com showcased that the crypto fear and greed index was at 74, implying that the market was extremely greedy. During this period, the risk appetite for traders and holders increases as they are more likely…
Galxe is the most widely visited SocialFi network, mixing value with content creation. The project recently announced a new native blockchain, drawing more attention. Galxe aims to scale its future adoption through Gravity, a recently launched blockchain. The network will build cross-chain infrastructure while establishing new Layer 1 technology. 1/ Welcome to the decentralized future of @Galxe. Introducing Gravity, the Layer-1 blockchain designed for mass adoption and an omnichain future.https://t.co/4V50QteCEO pic.twitter.com/iLJdWQoB3L— Gravity (@GravityChain) May 29, 2024 The Galxe project uses its already established technologies for Web3 credentials to grow its main business areas. Galxe is developing various types of SocialFi,…