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2024-04-28

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What’s ahead for CryptoNight algorithm? You might also like: Metaverse poses ‘unprecedented’ privacy threats, report says Can you trade options on Coinbase?That would enhance the network’s use cases within the DeFi market. Coinbase’s Base is ready to dominate the market, and developments such as CoCa Cola’s attention would boost its long-term performance. Blockchain hosting solutions could also incorporate smart contracts to foster transparency and efficiency in hosting agreements, minimize potential disputes, and enhance the overall security framework.

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Kraken is acquiring Dutch company Coin Meester BV (BCM) as the crypto exchange continues to make a European push. Source: Adobe / jirsakThe new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto investment firms, including Kraken Ventures, Mirana Ventures, GSR and Amber Group.“We’re incredibly excited to announce our $5M seed round led by @foundersfund and @daofive, alongside other major funds and angels,” the team wrote in a statement on X.It added that the funding round marks the project’s “first milestone towards building Ethereum’s financial superlayer.”‘Ethereum’s financial layer’In a thread on X, Layer N brands itself as “Ethereum’s financial layer,” with low fees and high transaction throughput.The thread further described Layer N as “the first layer 2 network on Ethereum specifically designed for and to scale DeFi,” and said it “aims to rival existing traditional financial networks.”Ethereum’s base layer has for a long time struggled with high fees and slow transaction speeds, offering an incentive for developers to build layers on top of it that are better suited for decentralized finance (DeFi) applications.Founders Fund’s increasing crypto focusPeter Thiel’s Founders Fund stood for $1.8 million of the total amount raised in Layer N’s funding round, the team behind the project confirmed to The Block.The investment from Peter Thiel’s fund came after it in April hired at Pantera Capital’s former co-chief investment officer, Joey Krug, as a partner.Peter Thiel has long been a proponent of Bitcoin (BTC) and crypto more broadly, and reports have even indicated that he may have crossed paths with Satoshi Nakamoto in Aguilla more than 20 years agoThiel’s fund also made headlines early this year when it became known that it had realized more than $1 billion in profits from selling off the vast majority of its crypto holdings shortly before the market crashed.Major Crypto Theft: $24 Million Drained from Ethereum Wallet in Phishing Scam Who is the largest owner of Ethereum?West Virginia utilized blockchain voting during the November 2018 midterm elections and saw the technology’s potential to eliminate fraud and boost voter turnout. FTX co-founder Wang discusses plea deal, knowledge of financial concepts at SBF trial

Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. But the blockchain analytics company suggested that the exchange probably holds thousands more bitcoins that have not been categorized yet, based on latest financial data from Coinbase. Ongoing analysis will aim to uncover these additional addresses. Ledger: Hardware Wallet & Cold Wallet-Security for CryptoBy 2014, seven projects raised $30 million combined, with Ethereum being the largest that year. In the fundraising, Ethereum generated $18 million after it sold 50 million ETH to the public. There are several ways to earn — or lose — from cryptocurrency. One of the most popular methods is cryptocurrency trading.

Source: TradingViewThe Ethereum price has dipped by a very slight 0.2% in the past 24 hours, falling to $1,633 as the cryptocurrency market remains flat today.ETH has retreated slightly after another failed attempt to breach the $1,665 resistance level, with the altcoin down by 3% in the past week but up by 2.5% in the last 14 days.The token has also risen by 36.5% since the beginning of the year, and with the market recently showing signs that it may be moving towards a recovery, ETH remains one of the likeliest coins to bounce back soon enough.Ethereum Price Prediction as ETH Faces Uphill Task in October 2023 – Can the $1,665 Threshold Be Breached?While ETH has seesawed quite a bit in the past couple of weeks, its indicators are in a position that suggests it should rally substantially soon.Indeed, it's encouraging to note that its 30-day moving average (yellow) has been well below its 200-day average (blue) for over a month now, while its relative strength index (purple) is nearing 50 and pointing towards incoming gains.Source: TradingViewTaken together, the position of these indicators would imply not only that ETH has been oversold for too long, but that it's now due to rally strongly very soon.It certainly doesn't look as though it's going to fall significantly any more in the near future, with its support level (green) rising steadily since the middle of September.Of course, the question is whether it can breach its current near-term resistance level of around $1,665, something which it has failed to do in the past 24 hours.Likewise, its medium-term resistance level (red) of roughly $1,730 is another big barrier, but if ETH can crack this level it increases the chances of a significant rally.The arrival of such a rally may depend on an improving macroeconomic picture, with rising government bond yields hurting stock markets at the moment and correspondingly hurting crypto.Still, when the picture does improve, ETH is well placed to rally strongly, with the coin having some of the strongest fundamentals in the cryptocurrency market.Its total value locked in accounts for the vast bulk of the entire DeFi sector, particularly when you include its layer-two networks in the equation.It also attracts plenty of outside interest, with PayPal launching a stablecoin based on Ethereum recently and Visa including its network in its own stablecoin trials.As such, ETH remains highly undervalued and should be much higher in the longer run, with the coin likely to hit $2,000 by the end of the year.Other Altcoins With High PotentialFor traders who want to diversify beyond established tokens such as ETH, there are a number of promising new altcoins in the market right now, with several presale coins promising to rallying significantly once they list on trading platforms.This includes Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that will enable ordinary investors to mine Bitcoin without specialized mining equipment.The project has already raised over $500,000 in its sale, which has been open for only a couple of weeks, and is aiming to raise a total of $15.6 million.It will likely hit this figure with time to spare, given that investors already seem drawn to its offer of enabling investors to mine actual Bitcoin by staking its native token, BTCMTX.Its system works by converting staked BTCMTX into tokenized mining credits, which are then used to purchase hashpower on the Bitcoin blockchain, thereby enabling users to indirectly mine BTC.Bitcoin Minetrix has arrived at a very opportune moment, given that Bitcoin is set for its next halving in 2024, meaning that demand for BTC is likely to increase even further enough.And by extension, this should result in greater demand for BTCMTX, which investors can acquire at a discount now by visiting the official Bitcoin Minetrix website.1 BTCMTX currently costs $0.011, yet this will rise with each stage of the presale, which will end with the token at $0.01190. Such a price is likely to end up seeming very cheap once BTCMTX lists on exchanges, which is due to happen once the sale ends in the next couple of months.Visit Bitcoin Minetrix NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.XRP Price Prediction as $1 Billion Pushes XRP Above $0.50 Resistance – Here's the Next Level to Watch Axos Bank—the direct bank affiliate of Axos Financial, based in Las Vegas, Nevada—has maintained business relationships with a variety of individuals and entities who have drawn the scrutiny of regulators, prosecutors, and in some cases, the courts. China's Tasly to list biotech arm in $1 billion Hong Kong IPO: sourcesRegulatory Clarity: The lawsuit may result in increased regulatory clarity for the sector. A court ruling or settlement could compel regulators to establish clear guidelines for the classification and sale of digital assets, so providing firms with a more predictable legal environment. "We do not speak your language and terminology," said Mario Didonato, Group Digital Director at Prada Group, during one of the panels.

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