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Bitcoin is holding steady above $68,000, but has yet to break out of the crucial $69,000 level. After several weeks of bullish price action, the market is watching for confirmation of a breakout from the seven-month cumulative pattern that has built significant momentum. Top analyst Dern recently shared his insights, saying this breakout is now a reality and there is growing optimism among investors. As Bitcoin continues its rally, many are predicting a small pullback followed by a strong rebound that could pave the way for a challenge to all-time highs near $73,000. The key level to watch remains $69,000,…
Analysts are eyeing lesser-known cryptocurrencies that have the potential to replicate the results of Solana and Ethereum. This digital asset is attracting attention for its potential to skyrocket dramatically.Investors are watching to see if the company will become the next big thing in the cryptocurrency market. Is this an altcoin that will see impressive growth? Explore further and find out.CYBRO presale exceeds $3 million: 1 in 1 million next-generation DeFi investment opportunityCYBRO attracts the attention of crypto whales as exclusive token pre-sales rapidly surge 3 million dollars. this Next generation DeFi platform It provides investors with an unparalleled opportunity to…
Vitalik Buterin marked block creation and staking as a key centralization risk. The team was exploring several solutions to address these risk factors. Vitalik Buterin, co-founder Ethereum [ETH]investigated the network centralization risks and potential solutions the team was considering. Buterin pointed out that block creation and staking are key risk factors for centralization. To put the dire scenario into perspective, two entities (Beaver and Titan) almost 90% of ETH block In October. What can go wrong with such a level of centralization? Source: Buterin Buterin also emphasized that the dominance of large shareholders could increase the risk of network attacks…
HONG KONG, HONG KONG – NOVEMBER 01: Bitcoin physical tokens sit next to a collection of US dollars … [+] Banknotes in this organized photo taken on November 1, 2017 in Hong Kong, China. Introduced in January 2009 and now traded and regulated like oil and gold, the electronic coin has soared to more than $6,000 since early 2016. (Photo provided by studioEAST/Getty Images)Getty Images We all know that Bitcoin is a completely new foundation for a new financial system that will replace the old financial system. Traditional financial systems recognize this and are rushing to migrate their business models,…
Despite the ambitious nature of some XRP targets, several companies are predicting timelines for altcoins to claim these price levels. XRP continues to battle bears at key price points amid continued market uncertainty. Despite underperforming compared to other markets, XRP was able to rise to an annual high of $0.74 in March 2024. However, it quickly collapsed from this high as the overall market corrected. Investors remain optimistic despite market turmoil So far, XRP has been unable to regain its 2023 high of $0.93 as the bullish phase continues. Altcoins have also been trading below the all-important $1 since December…
A closely watched cryptocurrency analyst warns that despite Bitcoin (BTC) rallying above $68,000, there is no room for it to take off. Cryptocurrency strategist Justin Bennett tells his 133,400 followers on social media platform . Although the price of BTC is rising, Bennett warns that the rally may not be sustainable as speculators are fueling the price rally amid low spot market volume. “People are seeing Bitcoin break out of its 7-month range before the end of the day or week, primarily on Friday (with low volume) when the perpetual futures-driven rally and OI (open interest) returned to previous levels.…
Ethereum co-founder Vitalik Buterin outlined the major risks associated with Ethereum’s proof-of-stake (PoS) mechanism. A recent blog post titled “Future Potential for the Ethereum Protocol, Part 3: “The Tragedy””. Buterin went on to explain that economic factors can lead to centralization that threatens network security. He outlined that as Ethereum continues to grow, more needs to be done to maintain it as a decentralized platform with strong security. Vitalik Buterin highlights Ethereum POS risks and solutions Buterin warned that Ethereum PoS could become concentrated over time, given the principle of economies of scale where large stakers outcompete smaller ones. This…
In a recent blog post, Ethereum co-founder Vitalik Buterin outlined some of the key objectives of “The Scourge,” a key component of the roadmap for the second largest blockchain.This development track is primarily focused on maintaining decentralization and is scheduled after 'The Scourge'. It is a rollup-centric track with a focus on scalability, which is supposed to achieve 100,000 transactions per second (TPS) with the help of a layer 2 network. .According to Buterin, the main goals of “The Scourge” include minimizing the centralization risks associated with the network's staking layer and minimizing value extraction from users. .The main bottleneck…
Making a cryptocurrency purchase with a credit card.getty Whether you are already experienced or just getting started with bitcoin and other cryptocurrencies, you might be interested in buying crypto with a credit card. It is possible to use your credit card to buy cryptocurrency, but it comes with unique considerations and potential fees. This article discusses the pros, cons, risks and security measures involved with buying crypto with consumer credit. By the end, you’ll have the information necessary to decide whether and how to buy crypto with a credit card. Common Payment Methods To Purchase Crypto You may purchase crypto…
The 2024 presidential election could bring major changes to the crypto industry. Thanks to the launch of new spots, 2024 is already a turning point year for the crypto industry Bitcoin (BTC 0.39%) January ETFs. For the first time in history, both retail and institutional investors can access Bitcoin directly in a quick, easy and regulatory-approved manner without having to enter the crypto market through a crypto trading intermediary. I did. But 2025 could bring even bigger changes. Of course, much of that is due to the outcome of the 2024 presidential election, which introduced cryptocurrencies as an issue in…