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Bitcoin was trading above $72,000 on Wednesday, heading towards all-time highs in the short term. Ethereum price is supported by an uptrend line, which suggests a possible uptrend in the future. Ripple price finds support near the $0.488 level. A solid close below would suggest a continuation of the downtrend. Bitcoin (BTC) has successfully retested a major support level and headed towards an all-time high in the short term, trading above $72,000 on Wednesday. Ethereum (ETH) has similarly found support near key levels, indicating potential for further upside. However, Ripple (XRP) recovered slightly after retesting a major support level. If…
Florida Chief Financial Officer Jimmy Patronis is asking the agency that manages state retirement funds to consider investing in Bitcoin, as more U.S. states add the cryptocurrency to their portfolios. Join in. “Bitcoin (BTC), often referred to as 'digital gold,' has the potential to diversify states' portfolios and provide a safe hedge against the volatility of other major asset classes,” said Patronis, Florida Commissioner. This was stated in a letter dated October 29th to the Association. Chris Spencer, Executive Director of Administration; Patronis' letter asks the SBA to “submit a report on the feasibility, risks, and potential benefits of directing…
While Bitcoin continues its historic rally toward new all-time highs, the cryptocurrency industry is grappling with persistent challenges. Recent job cuts at prominent players ConsenSys and dYdX highlight the ongoing impact of regulatory uncertainty and economic instability.ConsenSys cuts 20% of its workforceOn Tuesday, ConsenSys, which operates the popular Ethereum wallet Metamask, announced significant layoffs of 162 employees (about 20%) across all divisions. CEO Joe Rubin said in a post on X that the decision was due to ongoing legal battles straining the company's resources. 3/5 To stay competitive, we must reinvent ourselves to be more agile, more effective, and perform…
Important points: Ethereum’s latest roadmap release, “The Splurge,” delves into protocol optimizations that are critical to network efficiency and long-term security. Planned improvements to Ethereum's EVM aim to support advanced cryptographic features without extensive precompilation and improve efficiency. New account abstraction features redefine transaction validation and enable secure and user-friendly wallet operations. Ethereum co-founder Vitalik Buterin recently shared the sixth part of his future roadmap, called “Splurge.” The purpose of this chapter is to introduce various protocol extensions that cannot be easily classified into one category, but are essential to the evolution of Ether. “The Splurge” showcases innovations that support…
Bitcoin is nearing all-time highs, but analysts say retail investors are not showing as much interest as in previous years.“Bitcoin is on the verge of new all-time highs, but retail interest is still almost non-existent,” crypto analyst Miles Deutscher said in an Oct. 29 post on X.According to data from CoinGecko, Bitcoin (BTC) came very close to hitting a new all-time high on October 29th, reaching $73,562 at one point, but the stock price has since declined. The current price is $72,300. Despite the recent rise, Google Trends data shows that search interest for “Bitcoin” currently stands at 23 out…
STX rose more than 7%, breaking above a major level for the first time in months. STX could return to high levels again in the coming weeks. stack [STX] Crypto has taken a big step forward with the release of its long-awaited mainnet upgrade, known as the “nakamoto upgrade.” This Layer 2 enhancement effectively separates the stack's block generation from Bitcoin's block generation, allowing the network to process transactions faster. STX token reacts positively to this update, coinciding with Bitcoin’s attempt to re-attempt all-time highs, indicating new momentum for STX and other BTC-integrated assets There is a possibility. STX crypto…
Bitcoin Stocks rose after falling back from nearly new highs on Tuesday. Alphabet Inc. google Third-quarter profit exceeded expectations. cryptocurrencyGain +/-Prices (recorded at 8:30 p.m. EDT)Bitcoin BTC/USD+3.66%$72,287.07Ethereum ETH/USD +2.31%$2,625.49dogecoin doge/usd +7.15%$0.1757 what happened: The world's largest cryptocurrency soared to $73,577, just $160 off its all-time high set in early March, and on the verge of making history. But that rise stopped as investors started outflowing their money. The latest rally bumped Bitcoin's October gain to 14.26%, fulfilling its promise of being one of the most valuable months on the market. Ethereum After hitting a new intraday high of $2,680, the…
(Bloomberg) — Bitcoin’s rally has put the yuan cryptocurrency on the brink of surpassing its all-time high of about $74,000 hit in March. Most Read Articles on Bloomberg The digital asset rose as high as $73,564 in New York on Tuesday, but fell below $73,000 by early Asian time on Wednesday. This rally has been a tailwind for smaller tokens such as Ether and Dogecoin, which is popular with the meme crowd. Bitcoin is considered by some to be a so-called Trump transaction after Republican presidential candidate Donald Trump leveraged the digital asset during his campaign. Trump has the lead…
Welcome to an interesting new blockchain collaboration, unlike anything else you've expected. 1inch, a leading decentralized exchange aggregator, has teamed up with Bruce Lee's family to launch an initiative to market and popularize Bitcoin and cryptocurrency acceptance under the tagline “Take crypto SeriousLee.” did. The partnership, announced through the official blog, aims to promote and increase public awareness of Web 3.0 and DeFi. A video has been uploaded to the 1inch website, officially launching the 1inch/Bruce Lee Family Company campaign. The 1 minute 21 second video showcases Bruce Lee and his skills while promoting hard work, success, and cryptocurrency. According…
In an open letter to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, CEO and co-founder of Paxos, said in an open letter to Vice President Kamala Harris and former President Donald Trump that he believes the incoming presidential administration will embrace digital assets and eliminate outdated financial He warned that it all depends on whether regulations are reformed.Cascarilla urged both politicians to recognize the potential of blockchain and stablecoins to modernize the U.S. financial system, and without a supportive regulatory environment the U.S. risks losing its competitiveness in global finance. I was warned that there would…