Ethereum Recovers But ETH Must Clear This Key Resistance

Ethereum started a recovery wave above the $2,800 level against the US Dollar. must clear the $2,850 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $2,780 and $2,800 levels. The price is consolidating above $2,820 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,850 and $2,860 resistance levels to continue higher. Ethereum Price Faces…

Solana suffers 7th outage in 2022 as bots invade the network

The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible token (NFT) minting bots. A record-breaking 4 million transactions, or 100 gigabits of data per second, congested the network causing validators to be knocked out of consensus resulting in Solana going dark at roughly 8 PM UTC on April 30. It wasn’t until seven hours later on May 1, 3 AM UTC that validators were able to successfully restart the main network. Validator operators successfully completed…

What Could Trigger Another Decline

Bitcoin extended decline below the $38,000 level against the US Dollar. BTC is recovering, but it must clear $39,000 for upside continuation. Bitcoin remained in a bearish zone below $40,000 and $39,000. The price is now trading below $39,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $38,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $39,000 resistance to continue higher in the near term. Bitcoin Price Eyes Recovery…

Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem – Altcoins Bitcoin News

Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer. Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea Tesla CEO Elon Musk has been discussing on Twitter how to solve the platform’s spam bot problem. He has promised to solve the spam problem “or die trying.” Twitter agreed to sell the company to Musk for about $44 billion…

Singapore’s Distaste for Retail Crypto Is Spooking Institutional Money

“There’s a fascinating discussion to be had about whether what Hwang did was full-blown fraud, but I won’t bother trying to outdo Matt Levine on that front. Instead, I want to focus on the financial mechanics of what Archegos was up to, and why it’s extremely important for cryptocurrency holders or traders to understand.” (CoinDesk columnist David Z. Morris) … “Yet, that surface-level assessment misses some striking new adoption trends that aren’t easily apparent to mainstream commentators. Minorities and various other marginalized groups are turning to crypto as a tool…

From industry to economy: How Web3 is transforming gaming

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Web3 and the metaverse are two of the hottest buzzwords in tech circles right now. The appetite among investors has precipitated a “cascade” of investment into blockchain platforms, according to Crunchbase, which cites recent funding rounds for Polygon Technologies and Alchemy worth a combined $650 million. One vertical attracting more attention than most is gaming. In early March, a…

Wikipedia to Stop Accepting Crypto Donations on Environmental, Other Grounds

The decision came in response to a community vote on a proposal to the foundation from contributor Molly White, who goes by the user name GorillaWarfare, argued that accepting donations in cryptocurrencies such as bitcoin, bitcoin cash and ether signals endorsement of digital coins, which are “inherently predatory” as investments and don’t align with the foundation’s commitment to environmental sustainability. Author: Aoyon Ashraf, Kevin Reynolds Source link

What it will take to implement Web3

We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Lately, there’s been no shortage of talk about the transition to Web3, a new digital frontier powered by blockchain and accessible via decentralized applications (dapps). But while many of the products created thus far are groundbreaking — offering verifiable digital ownership and access to new financial instruments — they still haven’t managed to galvanize mainstream adoption yet.  To reach…