Cryptocurrency

According to Dashjr’s comments, there is a growing discussion in the community regarding the necessity of increasing the number of active users and updating spam filters. Segwit, a significant protocol update intended to increase transaction efficiency and lower fees, was activated by the Bitcoin community seven years ago. The developers of Bitcoin Core initially opposed this decision, arguing that miners should be the only ones to make such decisions. Nevertheless, this decision was made. The launch of Segwit marked a significant milestone in the history of Bitcoin and showed the strength of the community in pushing protocol upgrades. Dashjr observed a similar scenario involving the planned modifications to the Bitcoin spam filter currently taking place. He recently tweeted his displeasure with the community’s lack of activity, claiming that many people have become too passive or are dissatisfied with the activities.card He emphasized that unlike fiat currencies, which are centralized, Bitcoin should not be dependent on a centralized service team. Instead, it should be decentralized at its core. Dashjr’s appeal for action emphasizes how crucial engaged users are to the Bitcoin community. Users should make their own decisions and not merely rely on the central government, according to Dashjr, in order to maintain the true principles of Bitcoin’s decentralization. This viewpoint is consistent with the underlying philosophy of Bitcoin, which was developed as a decentralized financial system substitute. In the community, there is debate about whether or not to update spam filters. Some contend that in order to preserve network performance and lower the quantity of pointless transactions, stronger spam filters are required. Some worry that censorship could result from these actions, undermining the fundamental principle of Bitcoin: unrestricted transparent transactions.This article was originally published on U.Today More

Saylor tweeted: “The best strategy is a #Bitcoin Strategy.” According to the diagram, since Aug. 10, 2020 – the day when MicroStrategy made its first BTC purchase – Bitcoin has surged by 442%, massively exceeding other leading market indices. These include the S&P 500 with its 64% surge, the Nasdaq 100, which rose by 60%, as well as gold, silver and bonds that have grown by 19% and fallen by 1% and 18%, respectively.As for the stock’s price performance, the MicroStrategy share price skyrocketed by 1,206%, leaving other tech giants far behind – Nvidia (NASDAQ:NVDA) (+948%), Tesla (NASDAQ:TSLA) (+145%), Google (NASDAQ:GOOGL) (+131%), Microsoft (+101%), Meta (NASDAQ:META), Netflix (NASDAQ:NFLX) and Amazon.This whopping performance superiority demonstrated by MicroStrategy is due to the company’s regular Bitcoin purchase, which the company holds tightly on its balance sheet. Besides, a few times over the past couple of years, MicroStrategy bought Bitcoin with the help of funds raised from investors in the form of convertible senior notes sold to them. This has been done twice this year already.Besides, Saylor has been promoting Bitcoin frequently since August 2020 by posting about it on his personal page on the X social media network. At least over the past year, he has been posting AI-generated pictures related to Bitcoin with a short motivational slogan almost every day.However, that rise was followed by a pullback that took Bitcoin down by nearly 2%, pushing it back close to $64,000. As of this writing, Bitcoin is changing hands at $64,280.The Bitcoin rise and the fall that followed coincided with the Federal Reserve’s decision to hold interest rates steady, while earlier this year, Fed chairman Jerome Powell stated several times that the Fed is likely to start cutting rates.This article was originally published on U.Today More

Bybit, the world’s second-largest crypto exchange by trading volume, is proud to announce the integration of USDe, a groundbreaking reward-bearing stable margin collateral, into its platform. This integration marks a significant milestone in empowering traders to efficiently manage their collateral while unlocking rewards and earning yields.This strategic integration between Bybit and Ethena represents a forward-looking move that seeks to reshape the stablecoin landscape in the cryptocurrency industry. Bybit’s adoption of Ethena’s USDe introduces a new paradigm in trading rewards and collateral management.“We are thrilled to announce this partnership with Ethena, aligning great minds to drive industry innovations,” said Ben Zhou, co-founder and CEO at Bybit. “Enabling USDe integration on Bybit offers us unparalleled strategic advantages in fostering and shaping a more vibrant and resilient crypto ecosystem. We look forward to the groundbreaking developments this partnership will bring, and the positive impact it will have on our users and the broader crypto community.”“Ethena’s integration with Bybit is a significant step in driving use cases for USDe,” said Guy Young, CEO and Founder of Ethena Labs. “Offering USDe as collateral on Bybit which is one of the most important derivative venues in all of crypto will unlock USDe’s next wave of growth, further challenging the existing stablecoin hegemony with a tailored product purpose-built for crypto-natives.”Key highlights of the campaign:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

exSat is excited to welcome Bitget as a new Validator node in our network. This partnership represents a significant milestone, enhancing scaling solutions through the exSat Docking Layer and advancing the Bitcoin ecosystem.Bitget’s extensive experience in providing asset storage, fast trading, and DeFi investments across more than 168 countries will bring significant value to the exSat network. Their support of over 100 public chains and integration of functionalities like Swap, NFT Market, and DApp Browser will enhance the robustness and versatility of the Bitcoin ecosystem through exSat.Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our dedication to creating a scalable and interoperable Bitcoin ecosystem.ContactTristan DickinsonexSattristan.dickinson@exsat.orgThis article was originally published on Chainwire More

Decentralized telecommunications network Chirp is excited to announce the launch of its Leaderboard Campaign, the centerpiece of the BIG Chirp Airdrop campaign that precedes the $CHIRP token launch. This event kicks off today, August 2, 2024, at 12:00 CET and promises significant rewards and exciting opportunities for participants.The campaign follows the launch of the Chirp Tracker app, designed to simplify access to the airdrop and help users familiarize themselves with the Chirp platform and interface. To participate in the campaign, users will need to earn Active Day points by covering a distance of not less than 1 km per day while using the Tracker app.The campaign runs from Friday, August 2, to Tuesday, August 27, and participants will be rewarded based on their number of active days. The minimum number is five active days, which will make a user eligible for the Small CHIRP Airdrop, while a full 25 active days unlocks the Huge CHIRP Airdrop. To join, users must simply download the app on iOS or Android, connect to the Chirp platform and link their Sui wallet. Active participants in the Leaderboard Campaign will not only receive CHIRP airdrops but also gain access to a special bonus in the next release of the Chirp Tracker app – a comprehensive mobile game with real-world utility and crypto incentives. Userd can find full details of Chirp’s Leaderboard Campaign on Chirp’s Medium.The Chirp Tracker App can be downloaded via the following links: IoS | AndroidAbout ChirpChirp is a trailblazing decentralized physical infrastructure network (DePIN) founded by a team of seasoned telecommunications experts with decades of experience. Its mission is to connect the most devices with the blockchain under one revolutionary network and CPaaS platform. Focusing on the Internet of Things (IoT) technologies, Chirp aims to redefine the future of wireless communication.Users can learn more: https://chirptoken.io/ContactPR DirectorAnna FedorovaBlock3 PRanna@block3.prThis article was originally published on Chainwire More

The failure of Dogecoin to maintain above the 50 EMA is concerning despite the general weakness of altcoins. It implies that selling pressure is outweighing buying interest, which could result in a decline that goes even lower if the current trend keeps up.In technical terms, a death cross happens when a long-term moving average crosses below a short-term moving average. DOGE’s decline below the 50 EMA is a precursor that frequently indicates more negative developments, even though it has not yet formed a full death cross. The EMAs also converge at $63,000, which strengthens this price as a possible support zone, making this area more and more significant. It is possible that Bitcoin will test this level soon if it keeps going downhill. The decreasing volume is another alarming indicator. A drop in trading volume is frequently a sign that the trend is becoming less popular. The lower volume, in the case of Bitcoin, raises the possibility that the recent uptrend may not be long-lasting.This could result in further declines if the selling pressure picks up, so traders and investors should exercise caution. The current status of Bitcoin is clearly depicted by the technical indicators. An indication of waning support for the price of Bitcoin is the alignment of the 50, 100 and 200 EMAs. If Bitcoin drops below the 100 EMA, a recent support level, it may turn into a crucial resistance level. The $63,000 mark has historically been important for Bitcoin, acting as both resistance and support at different points in time.There are nevertheless additional variables to take into account. The fact that the RSI has fallen below 50 is a bearish indication that there is significant selling pressure. This phenomenon implies that unless there is a substantial change in market sentiment, the current downtrend may continue.TRX could still drop even more, though it has found support at the 50 EMA. In the event that the price breaches this level of support, $0.1200 would be the next significant support. A decline below it could indicate longer-term bearish activity. Historically, this level has offered a solid base.These support levels are something that investors should closely monitor. Important levels to keep an eye on are the 50 EMA, which TRX is presently holding, and the $0.1200 level below it. A 50 EMA bounce might suggest a reversal and possible recovery. The $0.1200 support level could be tested if the market is unable to hold above this level.This article was originally published on U.Today More

Having reached a new price high of around $74,000 in March, Bitcoin failed to break that mark over the following months. Consecutive lower highs can be interpreted as a downtrend. Based solely on this, we can expect that Bitcoin’s price is unlikely to go above $69,000 in the near term.This could significantly shrink the ultra bullish sentiment of recent weeks and thus introduce an element of fear onto the market, increasing the fragility of its price structure.Interestingly, Brandt faced a lot of criticism for his Bitcoin outlook. For example, the trader was accused of having changed his shoes: if recently he shared quite bullish forecasts, today his reviews are already bearish.Even Peter Schiff, a well-known Bitcoin critic, could not resist asking Brandt if this means he is no longer as bullish as when he warned him that Bitcoin would outperform gold by a factor of 5. Since that post was published, BTC is down 4%, while gold is up 2%, the crypto skeptic noted.This article was originally published on U.Today More

At the end of its July meeting, the Fed left benchmark interest rates unchanged and provided little indication that a much-anticipated rate decrease in September was guaranteed.Fed Chair Jerome Powell noted that, while no decisions have been made regarding a September decrease, the “broad sense is that we’re moving closer” to an interest rate cut.In his tweet, Saylor simply stated, “We love the coin,” maintaining his bullish attitude despite the recent market dip.Under Saylor’s leadership, MicroStrategy has amassed a huge quantity of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. As of June 20, MicroStrategy has 226,331 BTC purchased for around $8.33 billion at an average price of $36,798.The crypto community continues to closely watch Bitcoin’s price movements as events play out in the short term.Within this time frame, long liquidations on the crypto market amounted to $208.01 million, accounting for the majority of positions wagering on price direction. A total of $22.95 million in short positions were also liquidated, according to CoinGlass data.The majority of the liquidations were attributed to Ethereum, accounting for $54.64 million of long positions, followed by $51.64 million for Bitcoin.Bitcoin has fallen below $65,000, declining 3.36% over the last 24 hours to trade at around $64,093.This article was originally published on U.Today More