Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the a ...

KyberSwap DEX hacker sends an on-chain message: Be nice, or else

The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”In an on-chain message addressed to KyberSwap executives, tokenholders and ...

Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick ...

Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs.  ...

Why is Solana (SOL) price down today?

Solana's native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment ...

Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs emp ...

Ethereum futures premium hits 1-year high — Will ETH price follow?

Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC ...

AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Snowtrace.io, a popular blockchain explorer tool for Avalanche (AVAX), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan will be shut down.According to the Octobe ...

Circle launches Web3 development platform for Web2 developers

Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows ...

Avalanche (AVAX) Faces Resistance at $10.50 Amid Bearish RSI Trend

Instead, the token formed a long upper wick (red icon) and dropped below this area, indicating a significant change in the price dynamics. The $10.50 area holds particular importance as the altcoin had been trading above it since 2021. This area has now been confirmed as a formidable resistance. ...

Avalanche’s HyperSDK: A Quantum Leap with 143,000 TPS on Testnet

Avalanche's HyperSDK blockchain upgrade hits 143K TPS on testnet Smart contract layer-1 blockchain network Avalanche's testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade. Avalanche i ...

Marketing company wants 90% of Japanese population on Web3: KBW 2023

Proof-of-stake (PoS) blockchain platform Avalanche is expecting 5-10 million transactions on a subnet as a Japanese loyalty program company that claims to have 100 million users has partnered with the network to bring their mass-scale loyalty rewards program into a blockchain. Cointel ...

Avalanche Price Prediction: AVAX Token Faces Pressure Amid Unlock Event

Avalanche price prediction: Brace for more AVAX dilution Avalanche’s token has been in a strong bearish trend in the past few months. The token ...

Token Releases Worth $120 Million: Avalanche, Lido Finance, Yield Guild Games Lead the Charge

Avalanche, Lido Finance, Yield Guild Games and others will launch tokens totaling $120 million. Some of the positions will increase the revolving supply by more than 6 percent. A total of more than $120 million worth of crypto assets will hit the market between A ...

USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

USD Coin (USDC) issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to c ...

Avalanche Foundation allocates $50M investment to on-chain asset token purchases

The Avalanche Foundation announced the launch of “Avalanche Vista,” a $50 million initiative to spur tokenization on the Avalanche blockchain, on July 25.Today, the Avalanche Foundation introduces Avalanche Vista, a $50M ini ...

Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.In a July 17 post on the Chainlink blog, Chainlink ...

Binance, Coinbase and Gemini staff are among the least happy, data suggests

Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed. A quadrant chart by tech recruitment firm TrueUp — understood to have collated data ...

Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don't.Gün Sirer’s comments in defense of what he ...

Bitcoin and Ethereum Experience Sideways Movement as Crypto Market Remains in Lull

While Democrats and Republicans in the U.S. are trying to agree on the debt ceiling, investors are waiting for rates to rise before the sell-off. The cryptocurrency did not show any serious dynamics last week. Bitcoin In the week ...

Circle’s Euro Coin Stablecoin (EUROC) Joins Avalanche Ecosystem for Seamless Transactions

Circle announced that its Euro Coin Stablecoin (EUROC), pegged to the euro, is supported by the Avalanche ecosystem. This will allow any transactions with EUROC between the Avalanche and Etherium networks. EUROC Stablecoin appeared ...

Chinese tech giant Alibaba partners with Avalanche to develop meta universe

Chinese tech flagship Alibaba will develop a meta universe with Avalanche, one of Etherium's main competitors. The project will be called Cloudverse. The Avalanche team in its blog announced a partnership with Alibaba Cloud, a subsidiary of the Alibaba Group that focuses ...

Circle Launches Crosschain Protocol CCTP for USDC Transfers Between Ethereum and Avalanche

CCTP allows USDC to move between Ethereum and Avalanche blockchains Many protocols have already committed to using CCTP in the future Circle, the stabelcoin issuer of USDC, has launched the crosschain protocol CCTP, which allows users to transfer USDC between Eth ...

Avalanche’s Cortina Update: Impact on AVAX Price and Ecosystem

Efirium developers had just had time to make a Shapella update when one of its main competitors, Avalanche, announced improvements to its ecosystem. What is it and how will it affect the price of AVAX? ...

IntoTheBlock Report Reveals Withdrawal of $1.8 Billion Worth of Ethereum from Staking

A new report from cryptanalytics platform IntoTheBlock says that by the start of the week, Ethereum holders had applied to withdraw 868,631 ETH worth more than $1.8 billion from staking. Approximately 63% of the ethers pending the completion of the withdrawal operation pr ...

Cryptocurrency Market Update: Bitcoin and Ethereum Show Modest Gains, Avalanche Lags Behind

After a turbulent start to the month, accompanied by bank collapses, the market has calmed down. The growth in the value of cryptocurrencies continued, but at a slower pace than at the beginning of March 2023. Bitcoin The price of bitcoin has ch ...

Thorchain Suspended Due to Potential Vulnerability

Thorchain, the decentralized protocol that enables cross-chain trading of cryptocurrencies, has recently been temporarily suspended due to a potential vulnerability. This development followed reports on social media of a credible threat to the Thorchain Nine Realms platform and the THORsec securi ...

Avalanche Networks Experience Problems with DeFi Applications and Transaction Delays

The Avalanche project has encountered dual issues as both Network C and Network X are facing problems simultaneously. Network C, which supports DeFi applications, experienced an hour-long outage, while Network X, dedicated to transferring funds, is encountering transaction delays. The uniquene ...

Cryptocurrency Market Booms as Banking Sector Collapses: Bitcoin, Ethereum, and Avalanche Prices Soar

Bitcoin The sentiment in the world of cryptocurrency is changing rapidly. Just a week ago, many believed that the market had entered another period of decline, but recent events have altered this trend. Despite some minor setbacks, Bitcoin has seen a 28% increase in val ...