Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher
Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and ...
VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K
Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 tim ...
Hodlnaut heading for liquidation after failure of restructuring, sale efforts
Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a l ...
From supply chain to DeFi: How blockchain oracles can transform industries
Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data.The blockchain ecosystem was changed forever with the introduction of smart contracts — digital agreements between two parties th ...
Cardano price turns bullish, but is there substance to the ADA rally?
Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP (XRP), leading many to question if Cardano (ADA) has what it takes ...
Ethereum scaling protocols drive zero-knowledge proof use: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.This week, Finance Redefined looks at the growing popularity of zero-knowledge proof-based scalable sol ...
Algorand decentralized lending protocol Algofi to shut down by end of year
Algofi, the borrowing and lending protocol built on decentralized finance blockchain Algorand, will soon shut down.According to a July 11 announcement, developers' "belief in the strength of Algorand's technology and novel consensus algorithm has not wavered," however, the Algofi platform ...
ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label
The United States securities regulator has in recent lawsuits designated a slate of cryptocurrencies as securities, including Algorand (ALGO) and Flow (FLOW), which hit all-time price lows following the declaration.On June 10, ALGO and FLOW hit their respective historic lows of $0.098 and ...
Bearish Signs for Cardano, Algorand, EOS, and DOGE in Cryptocurrency Market
If April was a " bull" month for the cryptocurrency market, then all of May was a "bear, confirming that the market is in correction While there is hope for a bullish reversal in June, bearish formations on these four cryptocurrencies warn that the worst may ...
Algorand (ALGO) Technical Analysis: Resistance Levels Will Determine Future Trend
Algorand (ALGO) is currently hovering around a crucial resistance zone that will dictate the long-term trend. This native token of the Algorand blockchain recently made headlines as Coinbase abruptly halted its staking service without prior warning due to claims by the US exchange regulator (SEC) ...