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Renowned whistleblower and cybersecurity expert, Edward Snowden, will deliver a 45-minute long online talk with a Q&A session during the upcoming Bitcoin Amsterdam Conference. The event will take place in Westergas, Amsterdam on October 12-13, 2023, and will bring together industry leaders, enthusiasts, and experts to discuss the future of Bitcoin, decentralization, and freedom. “In 2013, Ed Snowden alerted the American people to the fact that us government was knowingly conducting warrantless surveillance of its own citizens; a violation of basic rights. It was a watershed moment both for government overreach, as well as for the ability of individual freedom fighters and cypherpunks to push back. As Snowden announced to the world at Bitcoin2019, Bitcoin was a key tool in his efforts to expose the ongoing surveillance,” said Brandon Green, Head of Events for BTC Inc. “10 years after his initial action, Snowden will talk to our community at Bitcoin Amsterdam about the ongoing fight to protect privacy for individuals, not just in the US, but around the world, and especially right here in Europe. And he will discuss the importance of Bitcoin in that fight,” continued Green. Edward Snowden’s Value for Bitcoin: “Bitcoin is free money… When I think about liberty, that’s what this is all about. It’s freedom from permission.” Edward Snowden. As a prominent advocate for cybersecurity and freedom, Edward Snowden has long expressed his support for Bitcoin. He views it as an essential tool for preserving financial privacy and protecting individuals from surveillance and censorship. Snowden’s endorsement of Bitcoin aligns with its core principles of decentralization, transparency, and financial sovereignty, making his talk at the Bitcoin Amsterdam Conference highly-anticipate.TheBitcoinAmsterdamThe conference is thrilled to welcome Edward Snowden to this landmark event, where he will share his insights on the intersection of digital currency, privacy, and the future of financial freedom. About Edward Snowden: The author of the new memoir, Permanent Record, former CIA officer and National Security Agency(NSA) consultant Snowden risked everything to expose the U.S. government’s system of mass surveillance. He is the subject of the Oscar-winning best documentary Citizenfour and the critically acclaimed Oliver Stone film, Snowden. Appearing live from Moscow, Snowden continues to speak out about technologies and practices (increasingly by nongovernmental entities) that have created “the most effective means of social control in the history of our species.” About The Bitcoin Conference: The Bitcoin conferences organized by BTC Inc., holding also behind Bitcoin Magazine and The BitcoinMagazine Ecosystem Fund, attract a global audience and feature an impressive lineup of keynote speakers, panel discussions, workshops, and exhibitions. These events serve as vital platforms for industry leaders, developers, investors, and enthusiasts to gather, network, and exchange ideas. Bitcoin Magazine’s conferences have become important milestones in the digital economy. The annual Bitcoin Conference went global with Bitcoin Amsterdam in October 2022 –the largest European Bitcoin conference. In the last three years, the conference has taken place in Miami Beach but on May 20th, 2023 the conference organizers announced the conference would take place in Nashville in 2024. Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
 
Bullish ETH price prediction for 2023 is $1973.88 to $2297.27. Ethereum (ETH) price might reach $3000 soon. Bearish ETH price prediction for 2023 is $1417.52. In this Ethereum (ETH) price prediction 2023, 2024-2030, we will analyze the price patterns of ETH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Ethereum (ETH) Current Market Status What is Ethereum (ETH)? Ethereum (ETH) 24H Technicals ETHEREUM (ETH) PRICE PREDICTION 2023 Ethereum (ETH) Support and Resistance Levels Ethereum (ETH) Price Prediction 2023 — RVOL, MA, and RSI Ethereum (ETH) Price Prediction 2023 — ADX, RVI Comparison of ETH with BTC, ETH ETHEREUM (ETH) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Ethereum (ETH) Current Market Status Current Price $1,670.01 24 – Hour Price Change 0.33% Up 24 – Hour Trading Volume $4,075,401,509 Market Cap $200,762,812,667 Circulating Supply 120,215,151 ETH All – Time High $4891.70 (On Nov 16, 2021) All – Time Low $0.4209 (On Oct 22, 2015) ETH Current Market Status (Source: CoinMarketCap) What is Ethereum (ETH) TICKER ETH BLOCKCHAIN Ethereum CATEGORY ERC-20 token LAUNCHED ON July 2015 UTILITIES Governance, Fast Transactions, gas fees & rewards Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum. Ethereum is an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015. Its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH). The blueprint of the Ethereum network was first released in its whitepaper in 2013 by Ethereum Co-founder Vitalik Buterin. Since its launch, the blockchain-based software platform functions as a potential launchpad for several other crypto tokens, DeFi protocols, and numerous decentralized applications (dApps). Thus, Ethereum is regarded as the “world computer.” The smart contracts are coded programs that execute autonomously with pre-defined conditions on Ethereum. These smart contracts are deployed and executed via the Ethereum Vending Machine (EVM). Ethereum will transition to the Proof-of-Stake (PoS) consensus through The Merge upgrade. Initially, the Ethereum network was built on the high energy-intensive proof-of-work (PoW) since its launch. From 2020, the Ethereum developers have begun preparing for the PoW to PoS transition. The Merge upgrade is set for September 15. After this transition, the Ether (ETH) which was an inflationary token will convert into a deflationary token. Ethereum 24H Technicals (Source: TradingView) Ethereum (ETH) Price Prediction 2023 Ethereum (ETH) ranks 2nd on CoinMarketCap in terms of its market capitalization. The overview of the Ethereum price prediction for 2023 is explained below with a daily time frame. ETH/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Ethereum (ETH) laid out a horizontal Channel pattern. The horizontal channel is also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Ethereum (ETH) was recorded at $1,670.01. If the pattern trend continues, then the price of ETH might reach the resistance levels of $1812, $2022.62, and $2525.74 If the trend reverses, then the price of ETH may fall to the support of $1628.37. Ethereum (ETH) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Ethereum (ETH) in 2023. ETH/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Ethereum (ETH) for 2023. Resistance Level 1 $1973.88 Resistance Level 2 $2297.27 Support Level 1 $1630.23 Support Level 2 $1417.52 ETH Resistance & Support Levels Ethereum (ETH) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ETH) are shown in the chart below. ETH/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Ethereum (ETH) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $1859.38Price = $1671.31 (50MA> Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 25.02 <30 = Oversold 50-70 = Neutral>70 = Overbought Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Ethereum (ETH) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Ethereum (ETH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). ETH/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Ethereum (ETH). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 42.86 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 43.31 <50 = Low >50 = High Low volatility Comparison of ETH with BTC Let us now compare the price movements of Ethereum (ETH) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ETH is similar to that of BTC. That is, when the price of BTC increases or decreases, the price of ETH also increases or decreases respectively. Ethereum (ETH) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ethereum (ETH) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Ethereum (ETH) Price Prediction 2024 $3010 $2800 Ethereum (ETH) Price Prediction 2025 $3025 $2750 Ethereum (ETH) Price Prediction 2026 $3036 $2700 Ethereum (ETH) Price Prediction 2027 $3045 $2600 Ethereum (ETH) Price Prediction 2028 $3050 $2500 Ethereum (ETH) Price Prediction 2029 $3100 $2400 Ethereum (ETH) Price Prediction 2030 $3200 $2000 Conclusion If Ethereum (ETH) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ethereum (ETH) price prediction for 2023 is $2297.27 Comparatively, if unfavorable sentiment is triggered, the bearish Ethereum (ETH) price prediction for 2023 is $1417.52. If the market momentum and investors’ sentiment positively elevates, then Ethereum (ETH) might hit $3000. Furthermore, with future upgrades and advancements in the Ethereum ecosystem, ETH might surpass its current all-time high (ATH) of $4891.70. and mark its new ATH. FAQ 1. What is Ethereum (ETH)? Ethereum or Ether (ETH) is the native cryptocurrency of Ethereum. Ethereum is a second-generation blockchain platform that launched in 2015. Ether (ETH) was launched in 2014. 2. Where can you buy Ethereum (ETH)? Traders can trade Ethereum (ETH) on the following cryptocurrency exchanges such as Binance, OKX, WEEX, Deepcoin, and Bybit. 3. Will Ethereum (ETH) record a new ATH soon? With the ongoing developments and upgrades within the Ethereum platform, Ethereum (ETH) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Ethereum (ETH)? Ethereum (ETH) hit its current all-time high (ATH) of $4,891.70 on November 16, 2021. 5. What is the lowest price of Ethereum (ETH)? According to CoinMarketCap, ETH hit its all-time low (ATL) of $0.4209 on October 22, 2015. 6. Will Ethereum (ETH) hit $3000? If Ethereum (ETH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3000 soon. 7. What will be the Ethereum (ETH) price by 2024? Ethereum (ETH) price might reach $3010 by 2024. 8. What will be the Ethereum (ETH) price by 2025? Ethereum (ETH) price might reach $3025 by 2025. 9. What will be the Ethereum (ETH) price by 2026? Ethereum (ETH) price might reach $3036 by 2026. 10. What will be the Ethereum (ETH) price by 2027? Ethereum (ETH) price might reach $3045 by 2027. Top Crypto Predictions Polygon (MATIC) Price Prediction 2023 Render Token (RNDR) Price Prediction 2023 Stacks (STX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
 
Bitcoin (BTC) hit a new two-month low of $25,880. According to the RSI indicator BTC is in the oversold zone. The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump, the largest cryptocurrency had been trading between a tight range of $28K and $29K for the past few weeks. The crypto community expected BTC to break the bearish momentum and reach the $30K mark sooner. However, Bitcoin‘s price has continued its bearish momentum and reached a monthly low of $25,880 on August 19. The fall of the BTC trading price has sent shockwaves through the entire crypto market. Adding to that, 1 billion dollars worth of liquidation occurred in the crypto market on August 18th in 24 hours. This adds more pressure to the crypto market and Bitcoin’s price. Bitcoin (BTC) Price Analysis-24-Hour Timeframe At the time of writing, Bitcoin has been trading at $26,044, with a decline of 0.31% in the last 24 hours. The daily trading volume of BTC has experienced a drop of 10.91%, according to CoinMarketCap. Bitcoin (BTC) Trading Price Chart (Source: TradingView) The daily trading price chart shows that the BTC is in bearish momentum as the current price is below the 50-day exponential moving average (50 EMA). Moreover, according to the RSI indicator, Bitcoin is in the oversold zone as the RSI level stays at 20.62. This clearly shows the reason behind BTC’s bearish momentum. According to the data, If Bitcoin experiences bullish momentum, it will reach the nearest resistance of $26,500. If the trend continues, the trading price will break through $27,000 and even advance to surpass $28,000. On the other hand, another drop may begin if BTC fails to break the nearest resistance of $26,500. Moreover, it will go all the way below the support level of $26K, and if the bearish momentum continues, Bitcoin will trade below the $25K mark. What do you think, Will BTC show a pump? Tweet to us at @The_NewsCrypto and let us know your thoughts.
 
Maker (MKR) and Fantom (FTM) have been on a downtrend for a while now. However recent developments indicate a potential upcoming price upswing. However, Maker’s (MKR) and Fantom’s (FTM) incoming price increases are overshadowed by VC Spectra’s (SPCT) remarkable 212.5% price surge. >>BUY SPCT TOKENS NOW<< Maker’s (MKR) Approaches Price Rally: What’s Coming? Maker’s (MKR) DAO has made news lately due to a significant rise in the maximum Dai Savings Rate (DSR), which increased from 3.19% to 8% on August 6, 2023. This temporary increase, known as Enhanced Dai Savings Rate (EDSR), was intended to motivate more holders of Dai (Maker’s stablecoin) to place their tokens within Maker’s (MKR) protocol and generate interest. As a result of the EDSR implementation, the Dai token has gained momentum, leading to a market capitalization surge of more than $570 million since August 6, 2023. This has also caused a price increase in Maker’s native token, MKR. Between August 6 and August 14, 2023, Maker (MKR) rose by 4%, increasing from $1,216.17 to 1,270.03. However, Maker (MKR) has hit a bumpy road dropping it to $1.199.90 as of August 16, 2023. However, experts predict that Maker’s DAI increase will rub off on Maker (MKR), pumping MKR to $1,234.56 by September 25, 2023. Fantom (FTM) Finally Shows Promise: Time To Invest? Since May 2023, Fantom (FTM) has experienced a downward trend, following its drop below the $0.4 price level. Coming to the present, Fantom (FTM) has declined by 8% over the past seven days. Fantom (FTM) plummeted from $0.24 to $0.22 between August 10 and August 16, 2023. However, Fantom’s (FTM) decline may soon end due to recent developments. On August 9, 2023, Andre Cronje, co-founder and architect of Fantom’s (FTM) Foundation, announced that Fantom (FTM) is actively exploring the idea of incorporating optimistic rollups to link Fantom’s (FTM) blockchain with Ethereum (ETH). Michael Kong, CEO of Fantom Foundation, further explained that adopting Layer 2 technology would enable the Fantom (FTM) network to tap into greater liquidity within the Ethereum ecosystem. If Fantom (FTM) successfully links up with Ethereum’s liquidity, it could boost its performance and pump its price. Price projections predict that Fantom (FTM) will reach $0.423 by September 13, 2023. VC Spectra (SPCT) Rallies With 900% Surge: Prime For Investment? VC Spectra’s (SPCT) innovative feature has made it stand out as an exceptional decentralized hedge fund in the fintech and blockchain sectors. VC Spectra (SPCT) provides a unique range of high-potential investment opportunities in the technology and blockchain domains. VC Spectra (SPCT) investors enjoy monthly dividends, buybacks, and the added privilege of accessing new initial coin offerings (ICOs) during seed and private sales. Currently in Stage 2 of its public presale, VC Spectra (SPCT) tokens are valued at $0.025 each, this is after an early rise to Stage 3 prices from the initial Stage 2 price of $0.011. With a notable 212.5% ROI from its ICO starting price of $0.008 to its present $0.025, VC Spectra (SPCT) presents an enticing opportunity. Investors who didn’t partake in the previous surge still have the chance to benefit from subsequent increases, as VC Spectra’s (SPCT) price will increase with each presale stage until it reaches $0.08. This guarantees Stage 1 investors a staggering 900% ROI and new investors a remarkable 220% ROI by the end of the presale period. To learn more about VC Spectra (SPCT) and its presale, visit: Buy Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
The developer is skeptical of a PoS switch due to its effectiveness. It looks like the majority of DOGE developers are taking a cautious approach. When asked about the potential of Dogecoin switching to a proof-of-stake (PoS) mechanism, a major contributor and developer Mishaboar hinted at maybe moving away from the project. When asked whether he would stake Dogecoin if given the opportunity, he revealed this information. The developer is skeptical of a PoS switch due to its effectiveness. He voiced doubts about the viability and security of PoS chains, drawing on his two years of experience with Dogecoin. Cautious Approach He described the problems with prior PoS approaches, such as centralization, catastrophic failures, and regulatory hurdles. Mishaboar has raised concerns about the viability of PoS, especially in regard to Dogecoin. It looks like the majority of DOGE developers are taking a cautious approach, which suggests that a change may be on the horizon. Given his prominence, Mishaboar’s possible departure may send shockwaves across the Dogecoin community. Concerns regarding PoS voiced by the developer have important implications for Dogecoin and the cryptocurrency industry as a whole. The Dogecoin community is still deeply split over how to go ahead as the ongoing discussion about consensus methods plays out. Uncertainty about this major choice adds a new dimension of complication to the already struggling sector. Amid the recent ongoing downtrend in the crypto market, DOGE price also suffered heavily. According to CMC, the price of DOGE is now trading at $0.06316, down 1.62% in the last 24 hours with a decline in market cap of 1.51%. Moreover, the price is down 17% in the last 7 days. Highlighted Crypto News Today: Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?
 
LONDON–(BUSINESS WIRE)–#automatedtrading–Coinrule, the leading automated trading platform, is proud to announce that it now supports Coinbase Advanced, the most trusted cryptocurrency exchange. The integration is launching together with a first-of-its-kind 2 week-long campaign by Coinbase to promote automated trading by offering generous rewards and special offers to their customers. This will enable Coinbase retail traders to access powerful trading tools on Coinrule and to enhance their investment portfolio. Key Features of Coinrule’s Automated Trading Now Available for Coinbase Users include 1. Profitable Bots: These rules can be as simple or as complex as the user wants, and can be based on various factors such as price, technical indicators, and other conditions. Users can now build over 100,000 different trading strategies with Coinrule for Coinbase Advanced. 2. Live Market Scanner: Coinrule’s ‘any coin’ scanner is capable of monitoring price trends for more than 2,000 different cryptocurrencies, and provides a convenient tool for identifying those that satisfy a trader’s specific entry criteria. Instead of trading individual coins, traders can now monitor any listed cryptocurrency on Coinbase Advanced at the same time and trade them simultaneously. 3. A Vast Selection of Pre-Built AI Strategies: Coinrule’s Strategies Marketplace offers a comprehensive library of strategies created by expert traders with support of generative AI tools. Users can browse through a range of strategies designed for different markets, timeframes, and risk profiles, ensuring there is something to suit every investment style “We are immensely proud to be among the first trading strategies platforms to start working together with Coinbase Advanced. Helping retail investors to access powerful AI tools is our mission,” said Gabriele Musella, CEO of Coinrule. “We want to give retail investors the tools to be able to compete with professional traders. Our integration with Coinbase is a major step forward on this journey.” Coinrule customers can now access Coinbase Advanced, available on www.coinrule.com today. About Coinrule: Coinrule is a global leading automated trading platform backed by Y Combinator that enables stock and crypto traders of all levels to automate their investments without needing to write code or have extensive technical knowledge. Contacts For media inquiries, please contact: Reni Asumah [email protected]
 
Ripple’s XRP has rebounded to the $0.55 range, with a 3.5% surge in the 24-hour. XRP shows a potential long-term bullish trend as it holds above the 200-day EMA. XRP, the fifth largest cryptocurrency by market capitalization, has surged by over 3.5% in the past 24 hours. This rally comes on the heels of a recent decline that saw XRP’s value plummet to a low of $0.47, marking a new low from its recent stable range of around $0.60. The cryptocurrency had a positive start to the week, experiencing a significant rally from a drop of more than 18%, pushing its value up to the $0.55 range. Interestingly, this weekend’s dip occurred without any new court rulings or filings from either the U.S. Securities and Exchange Commission (SEC) or Ripple, the company behind XRP. With the lack of court activity on Sunday, investors were left to react to the implications of the SEC filing that had taken place on the previous Friday. The ongoing legal battle between the SEC and Ripple remains a central point of focus for the cryptocurrency community. The SEC’s move to appeal Judge Torres ruling on programmatic sales has garnered substantial attention. Ripple has until September 1 to respond to the SEC’s latest filing. XRP 24-Hour Market Status Technical analysis of Ripple’s native crypto reveals a mixed picture. On the daily chart, XRP/USD stands below the resistance range of $0.5750 to $0.5900. The recent upward carried XRP past the 200-day Exponential Moving Average (EMA), a positive development. However, the crypto still remains below the 50-day EMA, which indicates a bearish short-term outlook but a potentially bullish long-term trend. XRP Price Chart (Source: TradingView) Further, the Relative Strength Index (RSI), a key indicator, currently stands at 37.92, indicating a prevailing bearish sentiment among traders. This sentiment aligns with XRP’s position below the 50-day EMA, suggesting further decline towards the support range of $0.4920 to $0.4780. Nevertheless, if the cryptocurrency manages to maintain its position above the 200-day EMA, it could stir the bulls to attempt a breakthrough of the $0.5750 to $0.5900 resistance range as well as breach the 50-day EMA. At the time of writing XRP traded at $0.5328, climbing about 3% in a day. On the other hand, the altcoin holds a 24 hour trading volume of $1.5 billion, which soared 48%, as per CoinMarketCap data. Recommended for you XRP (XRP) Price Prediction 2023
 
Singapore, Singapore, August 21st, 2023, Chainwire BinaryX, a leading GameFi and IGO platform, announced today their first-ever hackathon event. BinaryX Online Hackathon 2023 is designed to encourage creativity, innovation, and collaboration among developers within the GameFi community, with the aim of discovering the next wave of GameFi advancements. BinaryX called for both emerging and established developers to showcase their projects and contribute to the growth and evolution of the GameFi ecosystem. BinaryX Online Hackathon Details The objectives of the BinaryX Online Hackathon 2023 are as follows: Innovation: Exploring innovative gaming concepts and solutions that have the potential to reshape the blockchain gaming sector. Talent Recognition: Recognizing the talents of developers within the blockchain gaming community, celebrating their contributions to the industry. Community Interaction: Creating an environment for networking, collaboration, and shared learning among participants within the BinaryX community. Promotion of IGO Ecosystem: Highlighting the various opportunities within BinaryX’s IGO platform to inspire participants to explore new avenues of innovation. Over $25,000 in Cash Prizes, Additional Rewards to be Won The Hackathon features an appealing prize pool exceeding $25,000 in cash to recognize exceptional talent within the blockchain gaming realm. However, the benefits extend beyond monetary rewards: Potential Funding: Outstanding projects have the chance to secure funding of up to $500,000. Expert Guidance: Participants have the unique opportunity to be mentored by industry experts, benefiting from BinaryX’s wealth of experience. Social Media Exposure: Winning projects will be showcased on BinaryX’s influential social media channels, providing valuable visibility. Hands-On Mentorship: Industry veterans will offer guidance and mentorship, helping participants refine their projects and ideas. Partner Discounts: Winners will join BinaryX’s IGO Developer Community, and stand to receive an additional amount of over $10,000 in credits from various partners such as Salus Security to support the growth of the projects. More partnership announcements will be revealed at a later date. The BinaryX Online Hackathon 2023 is open to creators and visionaries worldwide. Interested participants can register on BinaryX’s website, where they will find comprehensive information about the event, rules, schedules, and more. As the excitement builds for this event, BinaryX extends its invitation to developers, gamers, and blockchain enthusiasts to come together, innovate, and play a role in shaping the future of GameFi. About BinaryX BinaryX is a leading GameFi and IGO platform committed to delivering cutting-edge gaming experiences backed by blockchain technology. Offering Initial Game Offering (IGO) services, BinaryX gives game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games. As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. With the token BNX, BinaryX is also one of the top few metaverse projects by trading volume on the BNB chain, with a strong market cap. For more details and information about BinaryX, please visit www.binaryx.pro Our Socials: Discord | Telegram | Twitter | Medium Check out our games on BinaryX’s Offical Website and YouTube Contact Communications Lead Kora BinaryX [email protected]
 
Ethereum price is attempting a recovery wave above the $1,620 level against the US Dollar. ETH could start a fresh decline if it stays below the 100 hourly SMA. Ethereum is struggling to recover above the $1,690 and $1,700 levels. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $1,700 level in the near term. Ethereum Price Faces Hurdles Ethereum’s price declined heavily below the $1,700 level. ETH tested the $1,520 zone and recently started a decent recovery wave, similar to Bitcoin. There was a move above the $1,550 and $1,600 levels. The price climbed above the 50% Fib retracement level of the downward move from the $1,825 swing high to the $1,518 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,670 on the hourly chart of ETH/USD. However, the bears are still active below the $1,680 level. Ether is also trading below $1,700 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,690 level. The next resistance is near $1,700 or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The 61.8% Fib retracement level of the downward move from the $1,825 swing high to the $1,518 low is also near the $1,700 zone. A close above the $1,700 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance, above which the price could rise toward the $1,880 zone. Fresh Decline in ETH? If Ethereum fails to clear the $1,700 resistance, it could continue to move down. Initial support on the downside is near the $1,640 level. The first major support is near the $1,600 zone. If the bulls fail to protect the $1,600 support, there could be more losses. The next major support is near the $1,550 support level. Any more losses might send the price toward the $1,520 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,600 Major Resistance Level – $1,700
 
Litecoin price declined heavily below $80 and $70 against the US Dollar. LTC is attempting a recovery wave but upsides might be limited above $70. Litecoin is correcting losses from the $56 support zone against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC/USD pair (data feed from Kraken). The price could recover above $66 but the bears might remain active near $70. Litecoin Price Starts Recovery This past week, there was a sharp decline in Bitcoin, Ethereum, Litecoin, and other altcoins against the US Dollar. LTC price formed a top near $85 before it started a fresh decline. There was a sharp decline below $80 and $70. The price even declined below $60. It traded as low as $55.78 and recently started an upside correction. There was a minor increase above the $60 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. Litecoin is now trading below $70 and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $66.00 on the 4-hour chart of the LTC/USD pair. On the upside, immediate resistance is near the $66 zone. The next major resistance is near the $70 level. It is close to the 50% Fib retracement level of the downward move from the $85.39 swing high to the $55.78 low. If there is a clear break above the $70 resistance, the price could start another strong increase. Source: LTCUSD on TradingView.com In the stated case, the price is likely to continue higher toward the $75 and $78 levels. Any more gains might send LTC’s price toward the $85 resistance zone. Fresh Decline in LTC? If Litecoin price fails to clear the $70 resistance level, there could be a fresh decline. Initial support on the downside is near the $63.50 level. The next major support is forming near the $60 level, below which there is a risk of a move toward the $56.00 support. Any further losses may perhaps send the price toward the $52 support. Technical indicators: 4-hour MACD – The MACD is now gaining pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI for LTC/USD is still below the 50 level. Major Support Levels – $63.50 followed by $60.00. Major Resistance Levels – $66.00 and $70.00.
 
Bitcoin price is consolidating losses below the $26,500 level. BTC is showing bearish signs and remains at risk of a fresh decline toward $25,000. Bitcoin is struggling to recover above the $26,600 resistance zone. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support near $26,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and trade below the $26,000 support. Bitcoin Price Turns Red Bitcoin price started a recovery wave from the $24,800 support zone. BTC managed to recover above the $25,000 and $25,500 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $29,180 swing high to the $24,800 low. However, the price is facing a lot of hurdles on the upside near $26,600. It is still trading below $26,500 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support near $26,050 on the hourly chart of the BTC/USD pair. If Bitcoin stays above the trend line, it could attempt a recovery wave. Immediate resistance is near the $26,400 level. The next major resistance is near $26,500 and the 100 hourly Simple moving average. A clear move above the 100 hourly Simple moving average could start a recovery wave toward the $27,000 resistance. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the downward move from the $29,180 swing high to the $24,800 low is near $27,000 to act as a resistance. A close above the $27,000 resistance could start a decent increase toward the $27,500 resistance zone. Any more gains might set the pace for a larger increase toward $28,150. Another Decline In BTC? If Bitcoin fails to clear the $26,500 resistance, it could continue to move down. Immediate support on the downside is near the $26,000 zone and the trend line. The next major support is near the $25,600 level. A downside break below the $25,600 level might push the price further into a bearish zone. In the stated case, the price could drop toward $25,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $26,000, followed by $25,600. Major Resistance Levels – $26,500, $27,000, and $27,500.
 
This decision is timely given the widespread fear of generative AI. Judge Howell stressed the importance of human authorship under copyright law. U.S. District Judge Beryl Howell has ruled that works fully created by artificial intelligence are not eligible for copyright protection. Thus, upholding the view of the U.S. Copyright Office. This decision is timely given the widespread fear that generative AI may one day replace human creators in fields like art and other similar fields. Concerns about AI eventually taking over scriptwriting have intensified as the writer’s strike has stretched on for more than a hundred days. But intellectual property law has always held that copyrights are exclusively given for human-made works. Human Authorship Stephen Thaler challenged the governing body’s reluctance to register AI-generated works in court. Imagination Engines’ CEO and neural network expert, Thaler, believes that AI should be given authorship credit when it achieves the necessary standards. Therefore, the person who owns the machine should be considered the owner of the product. However, Judge Howell ruled otherwise, stressing the importance of human authorship under copyright law. She referred to earlier precedents that ruled that only human authors’ unique ideas deserved legal protection. Judge Howell explained the rationale for copyright legislation, noting that it is meant to inspire people to create. She pointed out that the governing body was originally founded to safeguard copyrights and patents because it was believed that granting people exclusive rights in these areas would encourage innovation in various fields. As courts debate whether or not it is permissible for AI corporations to train their algorithms on copyrighted works, this decision is timely. Highlighted Crypto News Today: Key Dogecoin Developer Hints at Exit Amid Concerns Over Proof-of-Stake
 
LTC and DOGE have seen spikes in user activity despite stagnation among major cryptos like Bitcoin. Litecoin boasted 231K+ active addresses, while Dogecoin saw 46K, per blockchain analytics firm IntoTheBlock. Experts say increased on-chain movements could indicate traders seeking short term altcoin gains amid sideways Bitcoin and Ethereum trading. Recent data from blockchain analytics firm IntoTheBlock reveals that two altcoins, Litecoin (LTC) and Dogecoin (DOGE), have seen notable increases in on-chain activity, even as major cryptos like Bitcoin stagnate. Specifically, Litecoin boasted 231,270 daily active addresses, while Dogecoin saw 46,080, according to IntoTheBlock’s metrics. The firm highlighted these unexpected upticks, noting both coins experienced significant spikes despite the wider market doldrums. CoinGecko data shows Dogecoin trading at $0.064, with a 1.3% weekly gain. Litecoin stands at $64.77 after a minor 0.2% 24-hour dip, while still notching a 1.5% weekly rise. However, Litecoin’s monthly figure indicates a 22.0% decrease. Additionally, perpetual futures contracts tied to Binance USD (BUSD) for Litecoin and Dogecoin have been removed from Binance, the leading cryptocurrency exchange. Experts speculate the increased on-chain movements for Dogecoin and Litecoin may relate to traders seeking short-term gains via altcoins amid Bitcoin and Ethereum’s sideways trading. The data highlights the two meme-based coins’ enduring appeal among retail investors. IntoTheBlock’s findings fly in the face of crypto sentiment indicators that point to waning interest in altcoins. For Dogecoin and Litecoin, reports of their demise may be exaggerated, as savvy users continue interacting with the chains. Still, their long-term outlook remains clouded amid market uncertainty.
 
Dogecoin developer Mishaboar hints at leaving if the meme coin shifts to proof-of-stake Mishaboar’s potential exit over proof-of-stake reservations highlights ongoing skepticism among Dogecoin’s core team. The influential developer’s stance raises uncertainty about the future direction of Dogecoin. Prominent Dogecoin developer Mishaboar has suggested he may step away from the project if it transitions to a proof-of-stake (PoS) consensus mechanism. Mishaboar, who has contributed extensively to Dogecoin over the past two years, aired concerns about adopting PoS in response to a question about staking the meme-inspired cryptocurrency. He cited issues like centralization, security vulnerabilities, and regulatory hurdles that have impacted other PoS networks. The developer also questioned how well PoS would work given the large portion of Dogecoin supply held on exchanges. His stance highlights lingering skepticism around PoS among Dogecoin’s core team, despite outside proposals. Buterin suggested PoS back in 2021 In 2021, Ethereum co-founder Vitalik Buterin playfully suggested shifting Dogecoin to PoS. Later that year, an update to the DOGE roadmap hinted at a potential consensus pivot. However, 2023 has arrived without tangible movement towards PoS. Mishaboar’s influence within the Dogecoin community raises the stakes of his potential departure. As one of the few actively maintaining “the people’s coin,” his exit over PoS reservations could impact DOGE’s future direction and adoption. The developer’s apprehensions echo those of critics who argue PoS concentrates power among the largest token holders. On the other hand, PoS proponents cite increased efficiency and energy savings versus power-hungry proof-of-work mining. For now, Dogecoin remains firmly proof-of-work while its core team continues weighing the practicalities of a wholesale shift. But Mishaboar’s remarks make clear that the path forward for the iconic meme coin is far from settled.
 
According to Exactly, the breach affected the DebtManager peripheral contract. Exactly Protocol had 4,323.6 Ether stolen, which was valued at close to $7.3 million. Exactly is a crypto lending platform that operates on the Optimism network. Initially, it was reported that more than 7,160 ETH, worth approximately $12 million, had been taken, however, this figure was eventually reduced. According to Exactly, the breach affected the DebtManager peripheral contract. As per blockchain security companies DeDotFi and PeckShield, the DeFi protocols Exactly and Harbor were attacked on August 18 in two distinct, seemingly unconnected assaults. Exactly Protocol had 4,323.6 Ether stolen, which was valued at close to $7.3 million. The hackers then bridged 1,490 ETH utilizing the Across Protocol and 2,832.92 ETH via Optimism Bridge to the Ethereum network. Rising Attacks on DeFi Protocols The protocol’s team said on Twitter that it had filed a police complaint and was attempting to contact the attackers in an effort to recover the stolen funds. Harbor, an interchain stablecoin protocol, has announced a security breach. The total value of stolen crypto assets is unknown at this time. Harbor is reportedly trying to determine how much money has been lost and how to recover the same. These assaults come after a slew of security problems that have plagued the whole DeFi ecosystem in recent weeks. More than $61 million was stolen from stablecoin pools on Curve Finance on July 30 due to a vulnerability. At least $287,000 in ETH was stolen from the Earn.Finance protocol in the previous few days, while Zunami Protocol lost $2.1 million in a separate hack. These rising attacks have shaken the DeFi sector and raised several questions about audit reports and bug bounty programs. Highlighted Crypto News Today: Yuga Labs Parts Ways With OpenSea Over Creator Royalties
 
Despite the fact that the cryptocurrency market is always changing, Dogecoin whales have become a defining force. They are responsible for big moves that send ripples through the digital world. Whale Alert, a blockchain tracking and analytics tool, recently found out about a huge transfer of 253,419,377 DOGE from Robinhood to an unknown wallet. This brought these mysterious entities back into the spotlight, as they always do. As this transaction happens against the background of Dogecoin’s unwavering resilience in the middle of volatile market shifts, the actions of these (can we say “hoarders?”) come to represent not only the power to shape trends but also the mystery that surrounds their intentions. Whale Alert says that a big holder who hasn’t been named withdrew a large amount of DOGE, which at the time of the transaction was worth an impressive $16 million. Dogecoin Whale In Action This large transfer of money came from Robinhood and went to an unknown wallet. Its location was kept secret to protect the privacy of the people involved, unsurprisingly. In a different transaction, 84.8 million DOGE, worth about $5.3 million, moved into the Robinhood platform at the same time. This two-way transfer of DOGE coins shows how volatile cryptocurrency trading is and how investor choices are always changing. Also, on August 19, a large amount of nearly half a billion DOGE was pulled out of the Robinhood platform, adding to the growing sense of mystery. This was part of a trend of big DOGE moves. Even though DOGE’s path has been marked by its natural volatility, the meme-inspired cryptocurrency is showing that it can go against market sentiment and start price movements in the right direction again. This shows that Dogecoin is still popular and has the ability to get people’s attention, solidifying it as a major player in the cryptocurrency market. At the time of writing, DOGE was selling at $0.064, which is down nearly 16% in the last week. The cryptocurrency market as a whole lost a lot of money over the weekend, which hurt the joke coin by only 1.3% in the last 24 hours. Robinhood’s Massive DOGE Stash Robinhood owns a lot of DOGE and keeps it safe for its customers. Newly available information shows that the site has more than 38 billion DOGE, which is about $2.5 billion worth of money. Clearly, this amount is a big part (27%) of the total DOGE in circulation. It is spread out over 10 different wallet addresses inside Robinhood. Not to be outdone, the company also has a huge stash of 20 trillion Shiba Inu units, which is the second most valuable meme-based cryptocurrency. Notable corporate giants like BlackRock, Ark Investment, and Fidelity, among others, are among Robinhood’s top shareholders. What the next DOGE whales are going to be up to is anyone’s guess. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Freepik
 
Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience. At the time of writing, HBAR emerged as the only crypto in the top 50 ranking with the highest increase in the seven-day timeframe at 15%. Trading at $$0.063, HBAR only sustained a very minor 1.1% loss in the last 24 hours. Given that the majority of cryptocurrencies have had significant weekly falls, which have been further exacerbated by the latest market collapse, this is of utmost importance. Hedera: Weekend Rout Top Performing Crypto The cryptocurrency market took a major beating on Friday, causing a broad slump and more than $1 billion in liquidations. The most popular cryptocurrency, Bitcoin, experienced a swift decline of nearly 10% in just a few hours, falling to a two-month low of $25,600. Since the collapse of the FTX crypto exchange in November, this was the alpha coin’s most challenging week. The incident highlights how intertwined the crypto industry is and how a substantial decline in one key asset can have a ripple effect across the market. Hedera saw a notable increase in trade volume, which rose by a staggering 60% over night to reach an outstanding total of $220,755,864. This increase in trading activity is a sign of greater market engagement and interest, which may indicate a change in the way the market feels about the currency. Additionally, the examination of Hedera’s price patterns using its technical indicators and moving averages displays a convincing sequence of strong buy signals. This line-up of indicators supports the idea that market forces are advantageously positioned to promote the price growth of Hedera. Bright Prospects For HBAR Analysts are continuing to have a bullish stance on Hedera’s prospects in light of these significant developments. They have reason to be optimistic since they anticipate a price increase that might push Hedera’s value up to the anticipated target of $0.065 by the end of August. Partnerships And Adoption The HBAR price surge coincided with the integration of Dropp, a micropayments platform based on the Hedera Hashgraph, to the FedNow instant payments system operated by the US Federal Reserve. The pricing increase also follows a recent press release touting Hedera’s partnership with Validation Cloud. The integration intends to increase Ethereum Virtual Machine (EVM) developers’ interest in the Hedera network. Meanwhile, Hyundai and Kia, two well-known names in the automotive sector, are enthusiastically adopting the Hedera network, marking yet another outstanding benchmark in platform adoption. Significantly, the news that these auto industry heavyweights will be using a Hedera network-based artificial intelligence system to monitor carbon footprints throughout their supply chain has boosted trust and confidence in the platform’s prospects. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from US Army
 
While the broader cryptocurrency market recently took a nosedive, some mysterious Ethereum whale successfully escaped with $41 million worth of ETH. Days later, the price of ETH went down, along with BTC and other cryptocurrencies. Did this whale know something the rest of the market didn’t? Ethereum Whale Sells $41 Million Before Market Crash In the early hours of August 18, the crypto market saw investors reacting to SpaceX selling its $373 million Bitcoin holdings, pushing down Bitcoin by more than 8% in a matter of minutes. During this period, the crypto market cap dropped to $1.1 trillion, and Ethereum also saw its value plummet by almost 6%. On-chain data provided by Lookonchain reveals that a smart Ethereum whale dumped 22,341 ETH worth $41 million just prior on August 14. On-chain investigation shows that the whale moved their ETH holdings to the Binance exchange and then withdrew $41 million worth of Tether USDT. While this whale still made a loss of $1.7 million in the sale, if they hadn’t moved their funds, they would have lost at least $5 million in the crash. Coincidentally, this isn’t the first time this trader has made headline trades. This savvy Ethereum whale has shown signs of being able to predict market movements before and has had a 100% winning rate in recent months. The whale profited from the SEC and Spot Bitcoin ETFs saga. When ETH plummeted in reaction to news of the SEC rejecting spot Bitcoin applications from BlackRock and other investment companies, this whale saw this as an opportunity to buy the dip on June 30. They bought 8,188 ETH worth $15.23 million at $1,860 per ETH, and ETH would later rise to $1948.60 in the hours after. Do Whales Sometimes Have Insider Knowledge? While we can’t know for sure if whales have access to insider information, their actions are worth paying attention to. It could be that this whale knew something was going to trigger a price crash or was just making the right trading decision at the right time. Nevertheless, whale moves could signal future price action due to the sheer size of their holdings. So by closely following the on-chain activity of major holders, investors might gain useful insights. The market is still yet to bounce back from the recent dip. At the time of writing, ETH is down by 1.80% in the past 24 hours and down by 10.19% in a 7-day timeframe. Bitcoin and XRP are also down by 11.87% and 19.87%, respectively in a 7-day timeframe.
 
According to Coinglass, the crypto market witnessed more than $1.04 billion in liquidations during this period. Of this, a BNB position on the Venus lending protocol belonging to the perpetrator of the BSC bridge $560M hack was liquidated. The BSC Bridge Hack: Understanding One of Crypto’s Biggest Exploits The BSC brdige hack in October 2022 was one of the biggest exploits in crypto and DeFi history, with the hacker stealing nearly $593 million in BNB. But the story didn’t end there as the hacker tried to launder as much money as they could. After the attack, the hacker deposited 900,000 BNB worth $200 million on Venus as collateral to borrow $150 million worth of stablecoins. With more than $598.25 million in TVL, the Venus protocol is the second-largest DeFi protocol on the Binance Smart Chain. According to DeFi researcher Ignas, the position was the “single largest potential liquidation in all #DeFi that cannot be closed.” This is because, while the BNB Chain was halted and the network upgrade after the exploit, the ecosystem was put at risk, as liquidation of such an amount could lead to a further plummet in the price of BNB. As a result, the Venus DAO voted to whitelist BNB Chain as the sole liquidator of the hacker’s address in case of a margin call. Notably, a drop in the price of BNB to $220 would see the hacker’s collateral liquidated. Now, with the price of the token experiencing a selloff in the past few days, the team has chosen to manually liquidate the position to reduce the impact of a margin call on the BSC ecosystem. On-chain data from PeckShieldAlert shows that the position has been liquidated for 5.6 million BNB tokens worth $52.3 million, a fraction of the total position. What’s Next For BNB? Since that time, the price of BNB has dropped below $220. Now, the cryptocurrency is trading at $215.00, reflecting a drop of 10.76% in the past 7 days. Although the token has had a tough time with its price in the past few months as the industry awaits the outcome of the SEC’s lawsuit against Binance.US, the toke still manages to stand strong than most would expect. At this time, BNB has a market cap of $33 billion, making it the fourth-largest cryptocurrency.
 
The notification states that until February 29, 2024, creator royalties will be mandatory. Royalties will no longer be required for new collections after August 31, 2023. Bored Ape Yacht Club (BAYC) NFT collection developers Yuga Labs announced their intention to end their partnership with OpenSea. This is in reaction to the platform’s anticipated move toward a discretionary royalties structure. Royalties will no longer be required for new collections after August 31, 2023. This is under a change to OpenSea’s creator fees structure published on Thursday, August 17. The Operator Filter, a function that imposes creator royalties, was also announced to be disabled by the NFT marketplace. The notification states that until February 29, 2024, creator royalties will be mandatory for NFT collections that made use of the Operator Filter prior to August 31. In Tandem With OpenSea’s Approach Moreover, OpenSea justified its choice in a blog post, noting that the Operator Filter was designed to give developers more voice. However, industry insiders say it hasn’t been given its due respect by the web3 community. Now in retaliation, Yuga Labs wrote an open letter on Twitter denouncing this move in a subtle way. The developer of BAYC has come clean about its intention to stop supporting OpenSea’s SeaPort, a marketplace protocol that facilitates the trading of NFTs. Yuga Labs CEO Daniel Alegre stated: In addition to facilitating the transfer of legal title to digital products, Alegre said that NFTs’ primary motivation has been to give creative individuals more empowerment. Highlighted Crypto News Today: Whopping 98% Drop Witnessed in Bitcoin Ordinals NFT Trading Volume
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