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Ethereum continues to chop horizontally, worsening bullish sentiment. ETH is below $2,800 but encouragingly above $2,300, so risk-off traders can stay on the sidelines. The coin is bearish and is within a descending channel as observed from higher timeframes. In the short term, the reaction between $2,300 and $2,800 will shape the future trajectory. After the retracement from $4,100, ETH could creep higher and close above local resistance, especially if buyers are committed. Otherwise, if the crypto market crashes, Ethereum will fall below its August lows.Traders are optimistic, but nothing is showing on the daily or weekly charts. Prices have…
Germany, led by Chancellor Olaf Scholz, is in recession and the auto industry is struggling. (Image: GETTY)Economy Minister Robert Herbeck warned that Germany's struggling economy is facing a second consecutive year of contraction, dealing another devastating blow to the European Union.The region's most populous and economic powerhouse is already in recession. And Halbeck warned that GDP was likely to contract by 0.2% this year, a sharp downward revision from the previous forecast of 0.3%, with little prospect of improvement anytime soon. growth rate.The expected decline follows a 0.3% contraction in 2023, making Germany, led by Chancellor Olaf Scholz, the only…
Veteran trader Peter Brandt is bullish on Bitcoin (BTC) as the flagship cryptocurrency remains about 17% below its all-time high. Brandt told his 741,800 followers on social media platform . According to Brandt, Bitcoin typically sees a big rally in the second half of a halving cycle. Here's what the veteran trader says about what could invalidate his bullish thesis on the crypto tycoon. “A close below $48,000 invalidates my chart analysis.” Source: Brandt/X At the time of writing, Bitcoin is trading at $61,070. The experienced trader also says that Bitcoin has surpassed gold as a store of value. Based…
Top crypto marketing agencies 2024 Notable clients: SearchKibble, Fanduel, The History Channel, Robinhood, and Clash App NeoReach creates world-class influencer marketing campaigns for major brands and Fortune 500 companies. The agency’s tech team handles everything from influencer sourcing to performance reporting to tailored crypto and NFT marketing strategies. As the top influencer marketing agency for cryptocurrencies, NeoReach uses influencer profiles to boost promotional material, retarget audiences, and roll out paid advertising across various social media platforms like Facebook, Instagram, TikTok, and Snapchat. This global PR firm also provides complete marketing campaigns geared to decentralized projects, remote teams, and Web3 projects. …
DeFi tokens prove to be the next profit magnet as crypto traders buy Solana, Monero, KutoshiThe “Uptober” rally is on track to become the biggest cryptocurrency milestone in 2024. Traders and investors are piling up their holdings to take advantage of the best tokens to profit this month. And, as always, there's already quite a list. Solana (SOL), Monero (XMR), and Cutsi (CUTO) are some of the coins expected to round up their gains this year and are at the forefront of the bull market.Solana receives great forecast from Standard CharteredThe new crypto space has been buzzing with comparisons between…
The FBI created its own cryptocurrency so it could watch suspected fraudsters use it. The idea worked so well that it resulted in arrests in three countries. The news about the Fed's currency, an Ethereum-based financial product named NexFundAI, comes after the Department of Justice announced Wednesday that 18 people have been charged “with widespread fraud and manipulation in the virtual currency markets.” The Fed alleges that part of the fraud involved “wash trades,” or trades made for the sole purpose of increasing trading volume in securities or other assets. An increase in trading volume is often seen as an…
Unichain provides detailed information on Uniswap and Cross-Chain-Funktionalität's position in DeFi innovation, Skalierbarkeit and Cross-Chain-Funktionalität, with a focus on the Optimist Superchain. Durch die MIT-Lizenzierung von Unichain unterstreicht Uniswap sein Engagement für Dezentralisierung und kollaboratives Wachstum innerhalb des Ethereum-Ökosystems und unterstützt eine vielfältige Entwicklergemeinschaft. Hayden Adams, CEO of Uniswap, launches Unichain, evaluates Layer-2-Netzwerk, and establishes the foundation for an optimistic superchain. Unichain wird als 'Liebesdienst' beschrieben und zielt darauf ab, die Skalierbarkeit von DeFi mit Funktionen wie Schnellem, nachweisbarem Blockaufbau und kettenübergreifenden Nutzererfahrungen zu veressern. In einem Tweet wurde mitgeteilt, dass das Netzwerk ein dezentrales Validierungssystem enthalten wird, um die…
Built on the Optimism Superchain, Unichain has made significant strides in speed, scalability, and cross-chain capabilities, placing Uniswap at the forefront of DeFi innovation. With MIT licensing Unichain, Uniswap emphasizes its dedication to decentralization and collaborative growth within the Ethereum ecosystem, supporting a diverse development community. Uniswap CEO Hayden Adams announced the launch of Unichain, a new layer 2 network built on Optimism Superchain. Described as a “labor of love,” Unichain aims to improve the scalability of DeFi with features such as fast, provable block construction and cross-chain user experience. According to a shared tweet, the network will include a…
Metaplanet, a Tokyo-listed company known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for 1 billion yen (US$6.5 million). With the latest acquisition, the company's total Bitcoin holdings will be 748.502 BTC. long term bet About major cryptocurrencies. still, Metaplanet's Bitcoin acquisition strategy goes beyond simple spot purchases.Peter Chan, head of research at Presto Labs, said the company uses a sophisticated approach of selling put options at the same time as buying Bitcoin to generate additional yield. decryption. “Metaplanet's strategy allows us to target the bottom if the BTC price…
In a landmark move, the FBI created its own cryptocurrency token, NexFundAI, to infiltrate the crypto market and expose fraudsters. This covert operation, codenamed “Operation Token Mirrors,” involved four major virtual currency companies (Gotbit, ZM Quanto, CLS Global, and MyTrade) on suspicion of market manipulation and fraudulent transactions by U.S. prosecutors. culminated in the indictment of 18 individuals and entities, including: The companies are accused of engaging in widespread fraud, including a “wash trading” scheme that defrauded investors and artificially inflated the value of more than 60 cryptocurrencies. The FBI, known for innovative tactics in the fight against crime, has…