Cryptocurrency

It is critical that Bitcoin maintains above $65,000 for the near future. Strong support has been seen at this level, which might serve as the basis for a reversal. If Bitcoin is able to overcome the immediate resistance at the 50 EMA or roughly $67,000, traders are hopeful of a possible rebound. Additionally, the RSI which is centered on 47, shows that Bitcoin is neither overbought nor oversold, pointing to a period of consolidation prior to any notable movement. The macroeconomic environment as a whole is one factor influencing Bitcoin’s current performance. Investor sentiment in a variety of markets, including cryptocurrency, has been influenced by worries about inflation and possible interest rate increases by central banks. Bitcoin’s long-term prospects are still promising despite these obstacles because of its growing institutional adoption and ability to act as an inflation hedge. Given its continued institutional interest and widespread adoption, Bitcoin’s long-term prospects appear bright. The Solana vs. Ethereum chart, which contrasts the two most powerful altcoins available, is an important comparison. This comparison makes the relative strength and possible volatility of the altcoin market easier for traders and investors to understand. A positive outlook for altcoins overall is frequently indicated by Solana’s strong performance versus Ethereum and vice versa. Because SOLETH captures the growth and performance dynamics of two significant cryptocurrencies that are not Bitcoin, it is regarded as a barometer for market volatility. In the domains of NFTs and decentralized finance (DeFi), Solana and Ethereum are renowned for their strong ecosystems and noteworthy use cases. Significant movements in these two assets may point to more general trends on the cryptocurrency market. Ethereum frequently serves as a benchmark since it is the bigger and more well known of the two. Conversely, Solana stands for more recent quickly expanding blockchain initiatives. It is possible to infer market sentiment regarding innovation and growth in the cryptocurrency space from the interaction of these two assets on the SOL/ETH chart.Holding above $0.35 is critical for Cardano in the near term. This level has provided a lot of support and might provide the groundwork for a future upswing. Cardano may indicate the start of a recovery phase if it can muster enough momentum to test and possibly break above the 26 EMA.An RSI of about 37 indicates that ADA is in oversold territory, which may draw in buyers searching for cheap points of entry. But Cardano has not exactly performed well over the long haul. Even with the community’s strong support and the project’s lofty objectives, ADA has had difficulty holding onto its value. Cardano has experienced a protracted decline and has not been able to return to its prior highs since hitting its all-time high in early 2022. Numerous reasons contribute to this subpar performance, including the general mood of competition from rival blockchain platforms and slower-than-anticipated development progress. Although anticipated by many investors, the Cardano ecosystem has not yet produced the ground-breaking applications.Although the deployment of smart contracts on the Cardano network was a big step forward, neither the number of dApps nor user adoption has increased significantly as a result of it. Some investors have become frustrated with ADA’s slow development, which has made them doubt the company’s long-term prospects.This article was originally published on U.Today More

Keiser has described ETH as a scam, warning that its inclusion could slow Argentina’s progress in the digital currency sector. He suggests that while Milei’s endorsement of BTC is a positive step, the president should reconsider his stance on supporting multiple cryptocurrencies.According to Keiser, many Bitcoin enthusiasts initially supported various digital currencies before eventually focusing solely on BTC.Despite these criticisms, President Milei remains committed to his vision of a free market where individuals and businesses can choose their preferred currency. He believes that allowing the use of different units, such as Bitcoin and Ethereum, will spur innovation and economic growth.Earlier this year, Argentina took an important step by removing taxes on Bitcoin and other cryptocurrencies, signaling a shift toward a more favorable regulatory environment for digital assets.This article was originally published on U.Today More

Saylor revealed that MicroStrategy has bolstered its cryptocurrency reserves by acquiring an additional 11,931 BTC, amounting to over $786 million. This was financed through the proceeds from convertible notes and excess cash, purchasing the BTC coins at an average price of approximately $65,883 per BTC.The said 11,931 Bitcoin were acquired between April 27 and June 19, according to a filing on Thursday with the U.S. Securities and Exchange Commission (SEC). Notably, this is MicroStrategy’s third largest acquisition of Bitcoin following its $821 million purchase of 12,000 tokens on March 11.This substantial acquisition adds to MicroStrategy’s already significant Bitcoin holdings. As of June 20, 2024, the company now holds a total of 226,331 BTC, acquired for over $8.33 billion at an average price of $36,798 per Bitcoin.MicroStrategy’s decision to expand its Bitcoin stash coincides with a period of lackluster price movements for the crypto market. Bitcoin has slightly eased after an impressive rally that took it to all-time highs of above $73,000 in mid-March. At the time of writing, BTC was down 0.18% in the last 24 hours to $64,859, extending its sell-off for this week.MicroStrategy’s aggressive investment strategy has positioned it as a leading corporate holder of Bitcoin, reflecting a strong belief in the cryptocurrency’s value proposition.Saylor started buying Bitcoin in 2020 as an inflation hedge and cash alternative. The biggest cryptocurrency has increased by nearly 600% since Saylor began purchasing it. Furthermore, the decision to buy Bitcoin has boosted MicroStrategy’s stock price, which has risen by more than 1,000% since Saylor’s decision.This article was originally published on U.Today More

This article was originally published on U.Today More

Aleph Zero announces significant ecosystem advancements: the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs in under one second on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications.The Aleph Zero Foundation is excited to announce the testnet release of its ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS. This marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience by making on-chain privacy virtually instantaneous.Aleph Zero also revealed its long-term strategy to develop zkOS: a client-side, chain-agnostic zero-knowledge privacy system. zkOS aims to offer Privacy-as-a-Service (PaaS) via seamless app integrations on WASM and EVM-compatible networks. These initiatives open Aleph Zero’s ecosystem to a broader range of EVM users and mark its first step towards potential multichain growth.With zkOS, users can conduct private transactions and interact with dApps without compromising their data. This system enables high-throughput applications, such as privacy-preserving DeFi apps, RWAs, AI, and enterprise solutions, broadening the reach of privacy technologies to a wider audience.The new ZK-privacy EVM Layer 2 Developer Testnet is now live, inviting builders and early adopters. Integration examples include Rarible, the NFT company, and a yet-to-be-announced team working on novel prediction markets. The Developer Mainnet release is scheduled for Q3 2024.Aleph Zero EVM, a ZK-privacy Layer 2 rollup on Ethereum, is built in partnership with Gelato, leveraging Arbitrum Anytrust DAC technology for a fast, secure, and scalable execution environment. It boasts up to 250ms block times with near-instant transaction finality and processes thousands of transactions per second, making it one of the fastest EVM chains on the market.Aleph Zero’s zkOS uses the Halo2 with KZG commitment scheme for speed and a universally trusted setup. Although it requires more developer effort than alternatives like Noir or Risc0, Aleph Zero’s zkToolkit simplifies zkOS integration, ensuring high performance and ease of use across existing apps in both Aleph Zero and Ethereum ecosystems. Initial benchmarks show zkOS zero-knowledge proofs can be executed in 600-800 ms on standard devices using browsers like Safari or Chrome.About Aleph ZeroAleph Zero is a privacy-first ecosystem of blockchain solutions engineered for speed, data confidentiality, and ease of development, supporting development across WASM-based Rust and EVM-based Solidity environments. Aleph Zero showcases its adaptability across various sectors and applications, supported by an engaged community and growing ecosystem. For inquiries, users can contact josh@serotonin.co or ana@serotonin.co.ContactPR ManagerJosh AdamsAleph Zerojosh@serotonin.coThis article was originally published on Chainwire More

Multi-year agreement combines Aptos’ blockchain technology and Web3 onboarding guidance provided by Aptos Labs with NBCUniversal’s globally recognized media and entertainment brandsAptos Labs today announced a long-term strategic development agreement with NBCUniversal aimed at revolutionizing fan experiences, loyalty and gaming through blockchain technology and Web3.The agreement will explore integrating accessible blockchain technology and Web3 with NBCUniversal’s properties, connecting fandoms to the content that they love.About Aptos LabsAptos Labs, co-founded by Mo Shaikh and Avery Ching, is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Having now raised over $400M, Aptos Labs is backed by top-flight investors, including a16z, Jump Crypto, Binance Labs, Dragonfly, PayPal (NASDAQ:PYPL) Ventures, Andreessen Horowitz and Franklin Templeton Investments. For more information: https://aptoslabs.com/About Aptos NetworkAptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.ContactComms AdvisorBrian PrincipatoAptos Labsbrian@hirschleatherwood.comThis article was originally published on Chainwire More

Ethereum (ETH), the second-largest coin by market capitalization, also showcases a strong performance, with 83.19% of its holders in profit. Ethereum’s smart contract capabilities and its pivotal role in the DeFi (decentralized finance) ecosystem have significantly contributed to its success. Moreover, the potential introduction of an Ethereum spot ETF could catalyze further price appreciation.Interestingly, meme coins are also making a significant impact on the profitability rankings. Pepe (PEPE) leads the meme coin pack with 80.57% of its holders in profit, followed by Floki (FLOKI) with 76.85%. Dogecoin (DOGE), the original meme coin, boasts a 74.99% profitability rate. These figures indicate that meme coins, often considered speculative investments, have generated substantial returns for their holders.Maker (MKR) and Bitcoin Cash (BCH) round out the top profitable assets, with 75.45% and 72.54% of their holders in profit, respectively. Maker, the governance token for the MakerDAO and the Dai stablecoin system, has been a cornerstone of the DeFi ecosystem. Bitcoin Cash, a hard fork of Bitcoin, continues to attract a dedicated following due to its focus on peer-to-peer electronic cash transactions.This article was originally published on U.Today More

He posted a long-read on X, in which where he revealed several key reasons why he feels very bullish on what is unfolding in the world of cryptocurrency now.Jeremy Allaire believes that crypto represents “the next logical layer of infrastructure for the Internet.” Allaire has watched the internet develop from a nascent trend that hardly anyone believed in or thought they needed at the start, to the world wide web that has been integrated into virtually everyone’s lives, without which people cannot imagine living without.Bitcoin walked on the stage in 2009 and set many to thinking about BTC’s prospects of expanding “to provide a more generalized internet infrastructure that could be foundational to society and the economy.” While before Bitcoin, the internet lacked trust when transferring significant amounts of information, Allaire mentioned, now cryptocurrencies launched on blockchains and smart contracts could actually create a trusted environment that users and developers had been lacking on a global scale.Bitcoin by now has turned into one of the biggest and most powerful alternative investment tools on the market, with the largest Wall Street companies setting up ETFs based on BTC. Stablecoins are also becoming more and more popular, Allaire pointed out.With all this, the world is now in the very early stages of cryptocurrency adoption, he stated, and that is “insanely bullish.”This article was originally published on U.Today More