Author: Digicoinvision
Solana (SOL) has emerged as a major headliner following an impressive 20.89% gain over the last week. Solana’s price now sits comfortably within the $240 price range and is only 18.05% away from its present all-time high at $294. Interestingly, renowned market expert Ali Martinez has noted a positive effect of SOL’s recent price surge, which points to a sustained price rally. SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362 In an X post on September 13, Martinez shares an in-depth technical analysis of the Solana price structure, which shows significant potential for a prolonged uptrend. Notably,…
Special thanks to Vlad Zamfir and Zack Hess for ongoing research and discussions on proof-of-stake algorithms and their own input into Slasher-like proposals One of the hardest problems in cryptocurrency development is that of devising effective consensus algorithms. Certainly, relatively passable default options exist. At the very least it is possible to rely on a Bitcoin-like proof of work algorithm based on either a randomly-generated circuit approach targeted for specialized-hardware resitance, or failing that simple SHA3, and our existing GHOST optimizations allow for such an algorithm to provide block times of 12 seconds. However, proof of work as a general…
Solana ($SOL) is displaying indications of bullish momentum amid the positive market statistics. In this respect, the realized price distribution of Solana ($SOL) has become favorable across UTXOs. As per the data from Ali, a popular on-chain analyst, a great amount of $SOL coins are currently clustered just below the all-time high (ATH). Hence, this development suggests a decreased resistance ahead. $SOL’s Realized Price Distribution Shows Massive Support Below All-Time High Based on the exclusive market data, Solana ($SOL) is now facing minimum price resistance, while the realized price distribution has become supportive across UTXO. In this respect, most of…
Bitcoin has likely been trading sideways as corporations have focused on stacking altcoins lately, though there could be an upswing coming later in the year, says Mike Novogratz, CEO of asset manager Galaxy Digital.“Bitcoin’s at a consolidation right now. Partly because you’re seeing a lot of these treasury companies in other coins take their shot,” said Novogratz during an episode of CNBC’s Squawk Box on Thursday.Blockchain tech firm BitMine Immersion Technologies has been leading the pack among altcoin treasury firms, recently buying $200 million Ether (ETH) and growing its stockpile to over $9 billion in ETH. Mike Novogratz thinks Bitcoin is…
Pakistan has opened the door to international crypto businesses, inviting leading exchanges and virtual asset service providers (VASPs) to apply for licenses under a new federal regime.On Saturday, the Pakistan Virtual Asset Regulatory Authority (PVARA) called on major crypto firms to submit Expressions of Interest (EoIs) to enter the country’s digital asset market, according to a report by local news outlet Dawn.“This EoI is our invitation to the world’s leading VASPs to partner in building a transparent and inclusive digital financial future for Pakistan,” said Bilal bin Saqib, PVARA chair and minister of state for crypto and blockchain.Eligibility is limited…
According to veteran trader Peter Brandt, Dogecoin’s price has pushed back above the $0.3 mark, a level that traders watched closely this week. Related Reading TradingView data shows an 11% rise in a session that sent the coin to a multi-month high, and the move has drawn fresh attention ahead of the first spot DOGE ETF. Volume is high and many eyes are now on how long buyers can hold gains. Meme Coin Retakes A Key Level Based on reports, the rebound came even after the planned ETF launch was delayed. Bloomberg analysts Eric Balchunas and James Seyffart said the…
Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach.“Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified issues and, as a precaution, paused some product features. Please wait…
Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach.“Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified issues and, as a precaution, paused some product features. Please wait…
Ethereum co-founder Vitalik Buterin claims it is a “bad idea” to use artificial intelligence (AI) for governance. In an X post on Saturday, Buterin wrote:“If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus “gimme all the money” in as many places as they can.”Why AI governance is flawedButerin’s post was a response to Eito Miyamura, co-founder and CEO of EdisonWatch, an AI data governance platchorm who revealed a fatal flaw in ChatGPT. In a post on Friday, Miyamura wrote that the addition of full support for MCP (Model Context Protocol) tools on ChatGPT…
Key Takeaways Stable exchange flows and persistent DEX demand strengthen XRP’s market structure. Meanwhile, a cup and handle breakout confirmed bullish momentum. Ripple [XRP] markets experienced a dramatic liquidity event in October 2024, when Exchange Inflows peaked at 15 billion. Exchange Outflows mirrored the move, hitting 15 billion, showing strong demand absorbed selling pressure. Both later stabilized with Inflows near 60 million and Outflows at 65 million, forming a healthier balance than the old 500 million baseline. However, the sustainability of this trend depends on continued demand at the recent levels. With stabilized liquidity, volatility risks appear reduced, but breaking…