The paper begins with a discussion of blockchains, explaining that “data are sorted and stored in specific locations called ‘wallets’ or ‘addresses.’” After providing the necessary background, Parlour looks at decentralized finance (DeFi) and financial infrastructure.Continue Reading on Coin Telegraph More
The crypto market leader, Bitcoin (BTC) earned itself a spot on CoinMarketCap’s trending list after a 0.91% price increase over the past 24 hours. As a result, BTC was worth about $26,725.02 at press time.Despite BTC’s positive performance throughout the past day, it was not enough to flip the crypto’s weekly or monthly performances back into the green. BTC was down 0.56% over the past seven days, and experienced losses of more than 7% over the past month.BTC performance was also not enough for it to strengthen against its biggest competitor, Ethereum (ETH). At press time, BTC was down against the altcoin leader by about 0.02%.4-hour chart for BTC/USD (Source: TradingView)A bullish technical flag was on the verge of triggering on BTC’s 4-hour chart, as the 9 EMA line was looking to cross above the 20 EMA line. Should this cross happen, the leading crypto’s price could finally flip the resistance level at $26,850 into support. This will then clear a path for it to rise to the next major resistance at $27,450.This bullish thesis will be validated if BTC’s price is able to close above the $26,850 within the next 24 hours. Should it fail to achieve this, BTC’s price is at risk of dropping back down to the next crucial support at $26,350.One technical indicator that investors and traders will need to take note of the RSI indicator on the 4-hour chart. At press time, the RSI line was sloped negatively towards oversold territory and was looking to cross bearishly below the RSI SMA line.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post A Bullish Flag On BTC’s Chart Could Signal Potential Upside appeared first on Coin Edition.See original on CoinEdition More
In a recent on-chain exchange flow report, data from Glassnode shows that Bitcoin (BTC) and Ethereum (ETH) witnessed significant net outflows from crypto exchanges. At the same time, the popular stablecoin Tether (USDT) experienced an influx of funds.The report indicated that Bitcoin saw $661.2 million flowing into exchanges within 24 hours, but a higher amount of $797.8 million was withdrawn, resulting in a net outflow of negative $136.5 million. This negative net flow suggests that investors and traders are moving their Bitcoin holdings away from exchanges, possibly for long-term storage or alternative investment opportunities.On the other hand, Ethereum, the second-largest crypto, experienced an even more pronounced outflow. Approximately $310.7 million entered exchanges, but a staggering $1.1 billion was withdrawn, leading to a significant net flow of negative $821.8 million. This heightened movement of Ethereum off exchanges could indicate a shift towards DeFi platforms or other projects built on the ETH blockchain. A crypto community admin and trader commented that the ETH outflow implies that the number of ETH token stakes increased sharply.Contrary to the trend in Bitcoin and Ethereum, Tether, the leading stablecoin pegged to the US dollar, witnessed a positive net flow. The ERC20 variant of USDT attracted $809.5 million into exchanges, while only $630.4 million was withdrawn, resulting in a net inflow of positive $179.0 million. The increased demand for Tether could reflect market participants seeking stability amidst the recent volatility in other cryptos. Ultimately, the on-chain exchange flow data from Glassnode highlights the ongoing market dynamics and investor sentiment within the crypto ecosystem. The post BTC, ETH in Billions Moved Off Exchanges While Only $630M USDT Enters appeared first on Coin Edition.See original on CoinEdition More
In a recent tweet that has caused a stir in the crypto community, Crypto Tony, a prominent influencer, issued a strong cautionary message about a pre-sale project led by crypto personality Ben Armstrong, also known as Bitboy. The influencer expressed astonishment at the amount of funds accrued so far by BEN.ETH, the token associated with Armstrong’s latest venture, called LOYAL. Specifically, nearly 2k Ethereum (ETH) token, equivalent to over $10 million, has been deposited to the BEN address in question. With a touch of disbelief, the influencer warned followers against sending money to Armstrong, emphasizing the perceived irrationality of such an action. While some people see it as gambling, others consider it an old-fashioned money laundering scheme.This proclamation comes at a time when Armstrong has assumed control over the BEN coin project, which primarily operates as a meme coin. In response to the concerns raised, Armstrong took to Twitter to shed light on the situation. He assured the community that the BEN coin, the primary focus of his efforts, would benefit from the LOYAL project. Armstrong suggested that the connection and vision behind the two initiatives will become apparent to believers of the BEN coin in due course. The tweet further highlighted Armstrong’s intention to consolidate the “BEN Nation” by collaborating with the Ben community. Early this month, the Ripple chief technology officer (CTO), David Schwartz, expressed agreement with the sentiment that the BEN meme coin project is a potential rug pull, as reported by Coin Edition. In the tweet, Schwartz raised concerns about Armstrong’s decision to join the team, suggesting a connection between his involvement and the potential for a scam.The post Community Warns Against Sending Funds to BEN.eth in $LOYAL Pre-Sale appeared first on Coin Edition.See original on CoinEdition More
A well-known crypto analyst Ali shared a post on Twitter yesterday to highlight that whales have been accumulating Ripple (XRP). In the post, the analyst noted that this could indicate that whales are very bullish on the remittance token.The analyst referred to some data collected by the market intelligence firm, Santiment, in his post and pointed out that whales have purchased more than 52 million XRP over the past three weeks alone. The collective worth of the purchased XRP was estimated to be $22.9 million.XRP price (Source: CoinMarketCap)At press time, XRP was one of the many cryptocurrencies trading in the green for the day. Data from CoinMarketCap showed that the altcoin was worth about $0.4741 after a 2.56% price increase over the past day. As a result, the crypto was trading much closer to its daily high of $0.4777 than its 24 hour low of $0.4607.The increase in XRP’s price was able to flip its weekly performance back into the green, taking the total weekly gain to 1.65%. In addition to this, the altcoin’s positive performance also resulted in its strengthening against both market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 1.54% and 1.46% respectively.Throughout the past day, XRP’s 24 hour trading volume experienced an increase of more than 3%, taking the total to $881,622,249 at press time. Its market cap of $24,584,779,656 meant that XRP was ranked as the 6th biggest crypto in terms of market capitalization. This left it positioned between USD Coin (USDC) and Cardano (ADA).Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Whales Bullish On XRP As They Accumulate Millions Of Tokens appeared first on Coin Edition.See original on CoinEdition More
The venture capital company, Blockchain Capital, following a fundraising program, released an official blog post on May 24, proclaiming that the open-source protocol Worldcoin would become “the biggest onramp to crypto”, especially with its new primitive, the Proof-of-Personhood (PoP). In addition, the platform opinionated that the recently launched World App, the first wallet for the Worldcoin ecosystem, would evolve as the “most widely adopted crypto wallet”.As per recent reports, WorldCoin has raised $115 million in the Series C funding program led by Blockchain Capital. The other participants of the event included a16z, Bain Capital Crypto, and Distributed Global. The post enlisted reasons for partnering with Worldcoin pointing out that Blockchain Capital has been excited by “the quality of the team and their track record of solving hard problems and generating real traction”.In the blog post written by the researcher Spencer Bogart, he stressed the potential growth of Worldcoin despite the misconceptions and negative comments that surround Worldcoin; Blockchain Capital admitted that the firm too had an initial negative approach to Worldcoin.Bogart pictured the findings the company acquired after a detailed study, “poring over Worldcoin’s extensive documentation”. He cited:Further, the researcher went on to narrate the effectiveness of the privacy-preserving identity protocol, World ID that “does not collect or store anyone’s biometric information”. He added that World ID would make the World App the first self-custodial wallet with a known user base, concluding that the efforts of the team would definitely make Wordcoin reach its ultimate success.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Worldcoin, the Biggest Onramp to Crypto; Says Blockchain Capital appeared first on Coin Edition.See original on CoinEdition More
One can converse with ChatGPT as their virtual learning partner, asking questions and looking for explanations about essential JavaScript concepts, such as variables, data types, operators and control flow diagrams. This article will explain how to learn JavaScript using ChatGPT.Continue Reading on Coin Telegraph More
Sei Network, a major L1 blockchain platform, announced today the successful completion of its highly anticipated upgrade on its Discord server and is now inviting more Seilors to join its thriving community. The new upgrade adds security and authenticity to the platform by introducing Humanode face verification, allowing users to obtain verified roles and prove their identity as real individuals rather than automated bots.Sei Network introduced the “Verified Seilor” role on their Discord platform to ensure a bot-free environment and promote authenticity. The “Verified Seilor” role is a badge of authenticity, confirming that users are genuine humans in an era where distinguishing real individuals from bots has become increasingly challenging. Notably, the Verified Seilor role provides users with enhanced privileges within the Sei Network Discord community, including participation in exclusive airdrops on the mainnet. With the rise of the potential threat of Sybil attacks, Sei Network recognized the importance of establishing a robust and reliable user base. To ensure the authenticity of its user base, Sei Network’s Discord integration incorporates the Crypto Bio authentication tool, BotBasher. This tool serves as an additional security measure, complementing the Humanode face verification process to provide a comprehensive approach against fraudulent activities and impersonation attempts.Sei Network has provided a thread with detailed explanations on their Discord server for those interested in learning more about proof of personhood and the significance of the “Verified Seilor” role. Users can access the information by following the server menu and navigating to Linked Roles, where they will find the option to become a “Humanode” and acquire their very own Verified Seilor role.The post Sei Network Unveils Proof of Personhood, Verified Seilor Role on Discord appeared first on Coin Edition.See original on CoinEdition More
