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๐Ÿช™ Crypto and Blockchain News (November 7, 2023): 1๏ธโƒฃ X: On November 6, 2023, a post with an announcement appeared on the microblog of Changpeng Zhao, the creator of the largest cryptocurrency exchange, Binance. A video with the platform's logo reveals that the company will announce something important in the near future. ๐Ÿ“ฃ What could it be? 2๏ธโƒฃ X: Ava Labs, the company behind the development of the #avalanche blockchain, has reduced its workforce by 12%. This decision is aimed at "reallocating resources" to "double ecosystem growth." ๐Ÿ“ˆ The team is striving for greater heights, aren't they? 3๏ธโƒฃ Telegram: Telegram's CEO, Pavel Durov, will be giving away 10,000 six-month subscriptions to premium accounts, purchased with the cryptocurrency #toncoin (TON), among the messaging app's users. To participate, one must be subscribed to Durov's channel. The winners will be randomly selected on November 13, and each will receive a six-month subscription to Telegram Premium. ๐Ÿ€ Good luck! 4๏ธโƒฃ The Block: The #sec is having difficulty hiring crypto experts because suitable candidates are unwilling to sell their digital assets. ๐Ÿ’ผ This indicates that cryptocurrencies have the potential to be valuable assets that people are not willing to part with. 5๏ธโƒฃ CoinDesk: Kraken is in talks with Polygon, Matter Labs, and Nil Foundation for a potential partnership aimed at launching a second-layer solution similar to Coinbase. ๐Ÿš€ This could lead to improved network scalability and increased usability! Stay up to date with the latest and most important news from the cryptocurrency world! ๐Ÿ˜Š๐Ÿ’ซ

๐Ÿช™ Crypto and Blockchain News (November 7, 2023):

1๏ธโƒฃ X: On November 6, 2023, a post with an announcement appeared on the microblog of Changpeng Zhao, the creator of the largest cryptocurrency exchange, Binance. A video with the platform's logo reveals that the company will announce something important in the near future. ๐Ÿ“ฃ What could it be?

2๏ธโƒฃ X: Ava Labs, the company behind the development of the #avalanche blockchain, has reduced its workforce by 12%. This decision is aimed at "reallocating resources" to "double ecosystem growth." ๐Ÿ“ˆ The team is striving for greater heights, aren't they?

3๏ธโƒฃ Telegram: Telegram's CEO, Pavel Durov, will be giving away 10,000 six-month subscriptions to premium accounts, purchased with the cryptocurrency #toncoin (TON), among the messaging app's users. To participate, one must be subscribed to Durov's channel. The winners will be randomly selected on November 13, and each will receive a six-month subscription to Telegram Premium. ๐Ÿ€ Good luck!

4๏ธโƒฃ The Block: The #sec is having difficulty hiring crypto experts because suitable candidates are unwilling to sell their digital assets. ๐Ÿ’ผ This indicates that cryptocurrencies have the potential to be valuable assets that people are not willing to part with.

5๏ธโƒฃ CoinDesk: Kraken is in talks with Polygon, Matter Labs, and Nil Foundation for a potential partnership aimed at launching a second-layer solution similar to Coinbase. ๐Ÿš€ This could lead to improved network scalability and increased usability!

Stay up to date with the latest and most important news from the cryptocurrency world! ๐Ÿ˜Š๐Ÿ’ซ

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๐Ÿ“ˆ Prediction (ETH and BCH): ๐Ÿ‘ ETH/USDT - When the asset trades above its 20-day EMA, it is considered a bullish signal โ€” this scenario implies that the current price has surpassed the average price of the last 20 days. Market participants interpret this as a shift towards accumulation of coins. A brief period of #ETH price above the 20-day EMA suggested that bulls temporarily regained control of the market, but then yielded it back to bears. However, at the time of writing, the on-chain sentiment metric for #Ethereum stands at 0.32. A positive value of the indicator indicates an overall bullish sentiment towards the asset on social media. Forecast: Despite bullish activity in the ETH market, on the daily chart, the price remains within a descending triangle. This is typically considered a bearish signal. A descending triangle forms when the price records a series of lower highs. When this occurs, a certain price level forms support. In ETH's case, it sits at $2,864. If bearish pressure intensifies and the coin loses gained ground, it may drop below $3,000 towards the $2,800 area. However, if the coin breaks above the upper boundary of the triangle, it may move higher towards $3,100 in the short term. ๐Ÿ–– BCH/USDT - The price of Bitcoin Cash has crossed the critical Fibonacci 23.6% correction level at $430. This is a key support that serves as the basis for a bear market. Historically, its testing has led to recovery. Such an outcome is expected this time as well, considering that the altcoin is receiving support from investors. Potential growth could push #BCH towards $450, above the Fibonacci 38.2% correction level. This is an important psychological level that could further fuel the rally. However, there has already been one unsuccessful breakout this month. A new failure could send Bitcoin Cash back to the $430 mark. A drop below this line could trigger a decline to $410 or $400, refuting the bullish scenario. ๐Ÿ’ช Share, please.
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๐Ÿช™ Crypto News (May 16, 2024): 1๏ธโƒฃ Binance: The cryptocurrency exchange #Binance has introduced a new featureโ€”spot copy trading. This allows clients to mirror the trading strategies of experienced traders directly in their own activities. ๐Ÿ“ˆ 2๏ธโƒฃ pSTAKE: The team behind the pSTAKE Finance protocol, previously supported by Binance Labs venture fund, has launched a solution for liquid bitcoin staking in collaboration with Babylon. This initiative enables long-term bitcoin holders to earn passive and secure income. ๐Ÿ’ฐ 3๏ธโƒฃ IOTA: The IOTA Foundation has announced the public testnet launch of #IOTA 2.0, incorporating a built-in Proof-of-Stake (PoS) consensus mechanism. Developers aim to establish a more secure, scalable, and environmentally friendly network. Notably, this version marks a transition to a fully decentralized model by eliminating the coordinator that previously managed consensus. ๐Ÿ”— 4๏ธโƒฃ Lookonchain: An unidentified trader achieved a staggering 137-fold increase in their deposit within approximately five minutes. This feat was accomplished by trading the meme coin TOBI on the Solana network. Acquiring 28.58 million #TOBI tokens on the Raydium exchange for 9 SOL, the trader swiftly sold all assets for 1238 SOL when the meme coin's price surged. ๐Ÿ’ธ 5๏ธโƒฃ BillTrack50: Oklahoma Governor Kevin Stitt has signed into law the "Bitcoin Rights Act" (HB3594). This legislation confirms the rights of local residents to independently hold bitcoin and use it for purchasing legal goods and services. ๐Ÿ›๏ธ ๐Ÿ˜€ Enjoying the updates? Want more insights and news? Consider subscribing for regular updates, or drop a like or comment below to share your thoughts or questions!
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