Analysis Crypto by Thebittimes.Com

Despite the initial optimism for Cardano to surpass the $0.50 mark and continue its upward trend, the bullish momentum for this prominent altcoin was short-lived. In contrast, Ethereum, XRP, and several other top altcoins have performed better, eroding investor confidence in $ADA. However, the recent release of the Hydra upgrade a few weeks ago and the launch of Marlowe for smart contracts have shifted the sentiment once again. Industry experts say that the peer-reviewed protocol surpasses expectations, enhancing Cardano’s scalability and adaptability. Is it possible for $ADA to retrace its steps and overcome resistance to achieve new price levels? In the meantime, investors are turning their attention to early-stage crypto projects, including $WSM, to diversify their investments. The recently launched project has garnered over $1.8 million in presale funding within a week. ADA Struggles Amid Market Downtrend Due to Cardano’s inability to match the development pace o...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market is flashing red on the daily timeframe with the global digital asset value standing at $1.14 trillion, down 1.50% on the day. The biggest cryptocurrency by market capitalization, Bitcoin (BTC), was trading at $27,172 with a bearish bias, down 2.22% on the day. Ethereum was also trading in the red at $1,870, after recording 1.7% losses in the last 24 hours. Bitcoin’s dominance continued to drop on the third day running, standing at 46.29%, a decrease of 0.23% over the day. Meanwhile, the ETH/BTC chart shows that Ethereum continued to gain against the big crypto on the daily timeframe, raising questions about whether the proof-of-stake (PoS) crypto’s performance would surpass that of Bitcoin in the long term. ETH/BTC Valuation Going Down – Benjamin Cowen According to cryptocurrency strategist Benjamin Cowen, the valuation of Ethereum against Bitcoin is on a downtrend. Cowe...

Tenet works with LayerZero to integrate omni chain and grow its powers. Tenet is a layer-1 network whose main goal is to make more use cases for liquid staking derivatives (LSDs). A press release sent to CryptoPotato says that Tenet has formed a relationship with LayerZero to help more people use LSDs. LayerZero, on the other hand, is a system for omni chain interoperability that is currently worth more than $3 billion. Setting up a LayerZero link on Tenet would be the first step of the project. It will let anyone make projects and tokens that use the omni chain technology. Basically, this will link Tenet to the many networks that LayerZero runs. Greg Gompan, co-founder of Tenet, said this about the situation: “The partnership with LayerZero is critical for Tenet’s success, as our protocol is cross- chain native at its core. While the initial integreation is helfpul in connecting our chain to the large LayerZero network to leverage its cross- cha...

The central bank aims to incorporate more use cases and features to its national digital currency this year. advertisement RBI includes more banks and locations for CBDC pilot The Reserve bank said in its annual report that it introduced its CBDC in phases during the year, with the launch of pilots for Digital Rupee in the wholesale and retail segments on November 1, 2022 and December 1, 2022, respectively,” said RBI. “The pilots were preceded by issuance of a ‘Concept Note’ on CBDC to create awareness about CBDC s in general and the planned Features of the digital currency in particular,” the central bank added. Now, the pilot in CBDC -Retail is proposed to be expanded to more locations and to include more participating banks. The CBDC pilot project started with four banks including State Bank of India , ICICI Bank, Yes Bank, and IDFC First Bank. Later, four other banks were also included, namely Bank of Baroda, Union Bank of In...

The community considers the CosmWasm v2.1.0 parity upgrade as LUNC to $1. It is one of the biggest upgrades to bring Terra Classic to parity with other blockchains such as Terra 2.0 and Cosmos. Also, it will bring several Features and functionalities to the chain, including Edward Kim’s AI app chain “ Block Entropy ,” ultimately bringing back utility. advertisement Also Read: Terra Classic Project Burns LUNC For Edward Kim AI Chain “Block Entropy” Testnet Token Terra Classic Developer L1TF Update on CosmWasm Parity Upgrade Last week, Joint L1 Task Force project manager LuncBurnArmy revealed June 14 as the official date of CosmWasm v2.1.0 parity upgrade. The upgrade was initially planned for May 31, but was revised to allow for additional testing as this is a major upgrade. LuncBurnArmy took to Twitter on May 29 to provide status updates on the Parity upgrade. In addition, the developer team plans to include a 5% minimu...

This new memecoin has made a remarkable entry into the crypto market, garnering significant attention and outperforming even established projects like DogeCoin. The successes achieved prior to its launch, the impressive growth witnessed during the first phase of the presale in April, and the immense potential identified by experts have all contributed to its rapid ascent and widespread acceptance. The astonishing surge of this hot new token has left the crypto market, including DogeCoin investors, in a state of bewilderment. Analysts are now projecting a potential 10,000% surge in the near future for its native token, $PIKA, making it a highly recommended investment for those seeking astronomical profits in 2023. Don’t miss out on this opportunity to ride the wave of success with this promising memecoin. ️Welcome to #Dreva️ The first official in game shot! Join the #PikaArmy ️ https://t.co/RS4SzL4OAP $100 $EGLD Giveaway + 5 WL – Follow @PikaMoonCoin ...

As part of the collaboration, Bitpanda will incorporate Coinbase Exchange into its roster of authorized liquidity providers. Vienna-based cryptocurrency investment company Bitpanda has finalized a licensing agreement with Coinbase, making Coinbase a liquidity provider for Bitpanda Technology Solutions. We’re excited to announce that Bitpanda Technology Solutions is collaborating with another industry leader. With Bitpanda Tech, @coinbase will offer a regulated trading infrastructure to their clients like banks and financial institutions outside of the US. pic.twitter.com/leyHChQ3IU — Bitpanda (@Bitpanda_global) May 25, 2023 According to the announcement, the collaboration between both entities will enable “Coinbase to offer one of the most scalable Investing-as-a-Service infrastructures to their institutional clients, such as banks and financial institutions outside of the United States.” This strategic partners hip will allow Coinbase to provide its institutional clients outsid...

May 26, 2023 at 08:08 // Price Author Coin Idol The Ethereum price (ETH) is falling below the moving average lines, but is above the support level of $1,770. Long-term analysis of the Ethereum price: bearish Ether is more likely to fall if it is trading below the moving average lines or in the downtrend zone. The largest altcoin is currently trading between $1,750 and $1,850. At the time of writing, one Ether is worth $1,813.70. The presence of the Doji candles has limited both the upward and downward movement. The price is moving slowly due to these cand...

Worries about the stability of Multichain and its total value locked (TVL) of $1.5 billion, sparked a major sell-off of the project’s token, MULTI, yesterday. The panic was triggered by a tweet claiming that users were reporting delays in receiving assets across the bridge and that an insider was dumping tokens.  A transfer of almost 500,000 MULTI (worth approximately $3.2 million at the time) was made from an address suspected to be either a Multichain team member or an investor. The tokens, which hadn’t been touched since they were first received over a year ago, were sent to the centralized exchange Gate.io, where users inferred they would be sold off. An address related to the @MultichainOrgteam, 0xb4df, transferred 494,200 $MULTI (3.17M) to@gate_io one hour ago. Previously, Several users reported in Discord that their cross-chain assets have not arrived for a long time. Currently, the price of $MULTI has dropped by 14%. pic.twitter.com/1xOAugnFCV — 0xScope (🪬 . 🪬) (@Sc...

Listed Tokens For Trade The exchange announced today that the listed tokens for retail investors in Hong Kong are BTC, ETH, ADA, MATIC, SOL, DOT, UNI, LINK, SAND, LTC, AVAX, AXS, ATOM, XLM, USDT and USDC . The users can buy, sell and convert 16 major virtual assets through the app, including BTC, ETH and several others. advertisement Tokens can be purchased with HKD, peer-to-peer (P2P) or via ApplePay, Visa and Mastercard through third-party providers. They said in press release: spot trading of virtual assets to Hong Kong users in accordance with the requirements for virtual asset service providers (VASPs) in the city. OKX has been preparing for Hong Kong ’s new regulatory regime for VASPs , establishing a local entity for its license application, which will be submitted ahead of the regulatory framework’s implementation on June 1, 2023. Over the past year, OKX has enhanced its operations and controls to meet anticipated regulatory requirements. ...