Key takeaways: XRP forms a bearish descending triangle on the daily chart, risking a 45% drop to $1.20. Declining daily active addresses signal reduced transaction activity and liquidity. A breakout above $2.18 could invalidate the bearish pattern. The XRP (XRP) price flashes warning signs as a bearish technical pattern emerges on its daily chart, coinciding…
Cryptocurrency investment products attracted $2 billion in new inflows last week, according to the European investment firm CoinShares. Global crypto exchange-traded products (ETPs) have added $5.5 billion in inflows in the past three weeks, according to the latest weekly report from CoinShares. With the new inflows, total assets under management (AUM) in all crypto ETPs…
Notcoin, one of the most prominent Web3 gaming projects of 2024, said the tap-to-earn genre is “probably dead” as Web3 gaming shifts to more fun and engaging projects. During Token2049 in Dubai, Notcoin co-founders Sasha and Vladimir Plotvinov, along with Uliana Salo, the head of design and product lead for NotGames, spoke with Cointelegraph about…
Key takeaways: Bitcoin failed to break the $98,000 resistance amid increased profit-taking. BTC price needs to close above $95,000 on the daily chart for a push to $100,000. Bitcoin’s (BTC) price failed to break above resistance at $98,000 on May 3. Since April 22, BTC prices have formed daily candle highs between $93,000 and $97,900,…
Key takeaways: Bitcoin failed to break the $98,000 resistance amid increased profit-taking. BTC price needs to close above $95,000 on the daily chart for a push to $100,000. Bitcoin’s (BTC) price failed to break above resistance at $98,000 on May 3. Since April 22, BTC prices have formed daily candle highs between $93,000 and $97,900,…
While many crypto ecosystems focus on decentralization as the core tenet of Web3, Aptos is seeing success with hybrid platforms that blend Web2 and Web3 technologies, commonly referred to as “Web2.5.” In an interview at the Token20249 event in Dubai, Aptos’ head of ecosystem, Ash Pampati, told Cointelegraph that they see Web2.5 platforms earn “tons…
Ethereum co-founder Vitalik Buterin explained when rollup-based layer-2 platforms should go decentralized, and why “as soon as possible” is not the correct answer. In a May 5 X post, Buterin said there is a right time for rollup-based scalability solutions to transition to a decentralized model. This moment depends on how low the proof system’s…
Ethereum co-founder Vitalik Buterin has explained when he believes rollup-based layer-2 platforms should go decentralized, and why “as soon as possible” is not the correct answer. In a May 5 X post, Buterin explained that there is a right time for rollup-based scalability solutions to transition to a decentralized model. This moment depends on how…
Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May…
Bitcoin (BTC) starts the first full week of May with yearly open support in focus ahead of a key US economic policy decision. BTC price action attempts to hold the yearly open as support after some downside at the weekly close, but bullish perspectives remain intact. The US Federal Reserve interest rate decision is the…
