Bitcoin And Ethereum Performance
Fed Rate Cuts Signal
Bitcoin And Ethereum Performance
Bank of America Securities recently noted that the S&P 500 has a limited historical reaction to the Jackson Hole meeting. Thus, even if Jerome Powell takes a dovish stance, it may not have much impact on the market.
Analyst Benjamin Cowen revealed ETH/BTC price action in 2016, 2020, and 2024. In 2016 and 2019, ETH rallied in September and topped out on September 20 and September 19, respectively. He thinks prices will drop after the Fed will cut rates to start rally later.
Bitcoin witnessed volatility as traders adjusted positions. BTC price is up 2% in an hour and nearly 3% in the past 24 hours, with the price currently trading at $61,700. The trading volume has also increased in the last hour, indicating a rise in interest among traders.
ETH price also climbed over 2% in the past 24 hours, with the price currently trading at $2,666. The 24-hour low and high are 2,592 and 2,700, respectively. Moreover, the trading volume witnessed a slight increase.
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đ Fabric Cryptography Secures $33M For New Cryptographic Chip
đ° Fabric Cryptography has raised $33 million in a Series A funding round to develop a cutting-edge cryptographic chip.
đ€ The funding round was co-led by Blockchain Capital and 1kx, with support from industry players like Offchain Labs, Polygon, and Matter Labs.
đŒ With this latest injection of capital, the company's total funding now stands at an impressive $39 million.
âĄïž The focus of the funding will be on advancing the development of the Verifiable Processing Unit (VPU), a custom chip designed to enhance cryptographic operations' efficiency.
đ Fabric Cryptography aims to tackle the increasing demand for privacy and security in digital interactions by speeding up processing and reducing costs.
â
The VPU is not just about current cryptographic techniques; it's also built to adapt to future advancements, including zero-knowledge proofs and fully-homomorphic encryption.
đ Beyond cryptography, the company plans to expand its teams to integrate its technology into sectors like AI, finance, and dApps.
đ» Moreover, Fabric Cryptography is working on a software stack that will empower developers to implement their cryptographic solutions across different platforms.
đŁ "Our mission is to scale the speed and availability of next-gen cryptography," says CEO Michael Gao. Their ultimate goal? Making trust and privacy foundational in every digital interaction.
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Scroll - Layer 2 Solution on the Verge: Building the Future of Ethereum Scalability
đ Reading Time: 4 minutes
âTechnical Analysis:
Scroll has been making significant strides as a Layer 2 solution, particularly in its efforts to enhance Ethereumâs scalability. The projectâs innovative approach has garnered attention across the crypto space, positioning it as a key player within the Ethereum ecosystem. As of August 23rd, 2024, Scroll continues to show promising growth, driven by its commitment to addressing Ethereum's scalability challenges.
While Scroll does not yet have a native token, its impact on the Ethereum network is evident through its growing user base and increasing Total Value Locked (TVL) in various DeFi applications that rely on its technology.
âPositive Outlook for Scrollâs Development:
If Scroll continues to advance its technology and integrate deeply with the Ethereum network, it could play a crucial role in driving the next wave of Ethereum adoption. The project's potential to reduce congestion and lower transaction fees on Ethereum makes it a valuable addition to the Layer 2 landscape.
âConsiderations for the Future:
* Scalability Solutions: Scrollâs ongoing innovations in Layer 2 scalability.
* Ethereum Network Health: The performance and adoption of Ethereum as a whole.
* Market Sentiment: How the crypto community and developers view Layer 2 solutions like Scroll.
What to Watch For:
Future announcements regarding a potential native token or partnership developments.
Progress on Scrollâs roadmap and its impact on the Ethereum ecosystem.
#Ethereum #Scroll #Layer2 #CryptoInvestment #Blockchain
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
BEST INDICATOR FOR #LPT THAT WE'VE IDENTIFIED IN ORDER TO STOP PANIC SELLING
If you're looking for an indicator that would most likely help in preventing you from doing panic selling, you're in the right place.
Once you find these types of post, the tendency is, they're not humans and they might be bots trying to scare you and making you get shaken out in the market. This means, you can just directly shake off these kind contents as well in order to become more aware of the purpose of what they're doing. As LPT will still continue its rally, there are key levels that might become the rejection key level of it, albeit, it will not stop the rally immediately not unless LPT accomplishes every buyers' satisfaction level.
In order for the confirmation of LPT's rejection to occur more factors must be present in the market situation. These could be market sentiment turning from greed into fear, total rejection from a certain resistance level, etc. If none of these are present yet, it would be best to calm down and not panic.
Stay wise, trade cautiously.
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$LPT $ADA $XRP
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Maxine Waters Declares Pro-Crypto Shift For Next Congressional Session
U.S. Representative Maxine Waters (CA-D), a formidable force in U.S. politics, has long been a key figure in the financial regulation landscape. As the former Chair of the House Financial Services Committee (HFS) and the current ranking member, Waters is known for her cautious and critical approach to cryptocurrency, often emphasizing the need for strict regulation to protect consumers and maintain financial stability. In the wake of the 2022 crypto contagion season marked by the FTX scandal, a crypto bear market and several industry bankruptcies, Waters called for greater scrutiny and control by regulators and Congressional oversight committees.
However, this week in a August 21st appearance on the Our Native Land podcast during the 2024 Democratic National Convention in Chicago, IL., hosted by Angela Rye, Tiffany Cross, and Andrew Gillum (with special guest Charlamagne Tha God), Waters signaled an evolution in her perspective. She explained that if Democrats regain control of the House and she resumes her role as Chair of the HFS committee, one of her top three priorities would be fostering innovation in artificial intelligence, cryptocurrency, and other emerging technologies.
âWeâve got to move forward with AI, artificial intelligence, [and] cryptocurrency,â explained Waters in response to Gillumâs question regarding legislative priorities in a Democrat-led House of Representatives.
These statements mark a turning point in Watersâ position and represent a notable departure from her earlier, more critical approach.
Watersâ Crypto Skeptic Past
Waters has consistently demonstrated a cautious and critical approach toward cryptocurrency. This was evident in several key instances where she took decisive actions to curb what she perceived as the risks posed by the rapidly growing, volatile crypto asset market.
In June 2019, Waters took a firm stance against Facebook's proposed cryptocurrency, the Libra stablecoin (later renamed Diem). Just hours after Facebook.
That's Automata (ATA), the native cryptocurrency of the Automata Network (ATA) platform, a decentralized platform focused on providing privacy and security solutions for decentralized applications (dApps). Here are some key features and facts about ATA:$ATA
_Key Features:_
1. _Privacy and security solutions_: ATA provides privacy and security solutions for dApps.
2. _Decentralized governance_: ATA holders can participate in voting and decision-making processes.
3. _Off-chain computation_: ATA enables off-chain computation for faster and more secure transactions.
4. _Limited supply_: The total supply of ATA coins is capped at 1,000,000,000 tokens.
_Use Cases:_
1. _Privacy and security services_: ATA is used to pay for privacy and security services on the Automata Network.
2. _Governance voting_: ATA is used for voting on proposals and decision-making processes.
3. _Off-chain computation fees_: ATA is used to pay for off-chain computation services.
4. _Decentralized applications_: ATA is used for various decentralized applications and services.
_Benefits:_
1. _Provides privacy and security solutions_
2. _Decentralized and community-driven governance_
3. _Faster and more secure transactions_
4. _Utility token with various use cases_
Please note that the information available on ATA coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's essential to conduct thorough research and stay informed before making any investment decisions.
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Tether Scraps Plans to Launch its Own Blockchain for USDT
The decision is driven by a saturated market and the principles of supply and demand.
Tether Holdings, the issuer of the worldâs largest stablecoin USDT, has decided to scrap plans to launch its own blockchain.
The decision is driven by a saturated market and the principles of supply and demand, Paolo Ardoino, chief executive officer at Tether, said in an interview with Bloomberg News.
Ardoino explained that despite Tetherâs strong technological capabilities, the market is already crowded with blockchains.
âWe are very good in technology, but I think blockchains will become almost a commodity in the future,â Ardoino stated.
There Are Already Well-Established Blockchains
Ardoino further noted that launching a blockchain might not be the right move for Tether, especially when there are already several well-established and effective blockchains available.
With a market cap of $117 billion, USDT plays a crucial role in global crypto trading and remittances.
Given Tetherâs vast resources, launching its own blockchain could have been a feasible endeavor.
#Laraxenteam #laraxen #LaraxenFamily
That's THORRUNE (RUNE), the native cryptocurrency of the THORChain (RUNE) platform, a decentralized liquidity protocol focused on cross-chain asset exchange and decentralized finance (DeFi) applications. Here are some key features and facts about RUNE:$RUNE
_Key Features:_
1. _Cross-chain asset exchange_: RUNE enables the exchange of assets across different blockchain networks.
2. _Decentralized liquidity protocol_: RUNE provides decentralized liquidity for various assets.
3. _Decentralized governance_: RUNE holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of RUNE coins is capped at 500,000,000 tokens.
_Use Cases:_
1. _Cross-chain asset exchange fees_: RUNE is used to pay fees for exchanging assets across different blockchain networks.
2. _Liquidity provision rewards_: RUNE is used to reward users for providing liquidity on the platform.
3. _Governance voting_: RUNE is used for voting on proposals and decision-making processes.
4. _DeFi applications_: RUNE is used for various DeFi applications and services.
_Benefits:_
1. _Cross-chain asset exchange capabilities_
2. _Decentralized and community-driven governance_
3. _Growing adoption and ecosystem_
4. _Utility token with various use cases_
Please note that the information available on RUNE coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's essential to conduct thorough research and stay informed before making any investment decisions.
đš $BTC /USDT ALERTđš[Click here and vote/me please đ€đčđłïž](https://app.binance.com/uni-qr/cpro/raiaftab6869?l=en&r=938254818&uc=app_square_share_link&us=copylink)
It's time to pay attention! Bitcoin is pushing the limits, currently trading at $61,430.77 and knocking on the door of a major resistance level at $62,320. đ
If BTC breaks through $62,320, we could see it soar to $63,000 and beyond! đŻ This could be your moment to ride the wave to new highs. đ
But if BTC slips below $60,131, brace for a pullback to $59,000 or even $58,000. đ This is where quick decisions matter.
Are you ready to capitalize on the next big move? đ Let's see where Bitcoin takes us next!
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#Bitcoin #CryptoTrading #BTC #CARVingTheFutureOfData #LowestCPI2021
LDO (LDO) is the native cryptocurrency of the Lido Finance (LDO) platform, a decentralized finance (DeFi) protocol focused on liquid staking and decentralized governance. Here are some key features and facts about LDO:$LDO
_Key Features:_
1. _Liquid staking_: LDO enables users to stake assets while maintaining liquidity.
2. _Decentralized governance_: LDO holders can participate in voting and decision-making processes.
3. _Staking rewards_: LDO is used to reward users for participating in staking.
4. _Limited supply_: The total supply of LDO coins is capped at 1,000,000,000 tokens.
_Use Cases:_
1. _Staking rewards_: LDO is used to reward users for participating in staking.
2. _Governance voting_: LDO is used for voting on proposals and decision-making processes.
3. _Liquidity provision_: LDO is used to incentivize liquidity provision on the platform.
4. _Decentralized finance applications_: LDO is used for various DeFi applications and services.
_Benefits:_
1. _Liquid staking solution_
2. _Decentralized and community-driven governance_
3. _Growing adoption and ecosystem_
4. _Utility token with various use cases_
Please note that the information available on LDO coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's essential to conduct thorough research and stay informed before making any investment decisions.
IMX (IMX) is the native cryptocurrency of the Immutable X (IMX) platform, a decentralized, layer-2 scaling solution for non-fungible tokens (NFTs) on the Ethereum blockchain. Here are some key features and facts about IMX:$IMX
_Key Features:_
1. _Layer-2 scaling solution_: IMX enables fast and low-cost transactions for NFTs on Ethereum.
2. _Decentralized NFT marketplace_: IMX powers a decentralized marketplace for buying, selling, and trading NFTs.
3. _Decentralized governance_: IMX holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of IMX coins is capped at 2,000,000,000 tokens.
_Use Cases:_
1. _Transaction fees_: IMX is used to pay fees for transactions on the Immutable X platform.
2. _NFT minting and trading_: IMX is used to mint and trade NFTs on the platform.
3. _Decentralized governance_: IMX is used for voting and decision-making processes.
4. _Staking and rewards_: IMX can be staked to earn rewards and contribute to network security.
_Benefits:_
1. _Fast and low-cost NFT transactions_
2. _Decentralized and community-driven governance_
3. _Growing adoption and ecosystem_
4. _Utility token with various use cases_
Please note that the information available on IMX coin is subject to change, and it's essential to stay up-to
Forget The FedâChina Could Be About To Drop A $420 Billion Bitcoin And Crypto Price Bombshell
BitcoinBitcoin +2.5% has soared this year as traders ramp up bets that the Federal Reserve is about to declare victory in its war on inflation despite fears mounting over the U.S.'s spiraling $35 trillion debt pile.
The bitcoin price has climbed from around $40,000 at the beginning of the year, past its peak of $70,000 before falling back to around $60,000âthough Apple has quietly primed the market for an iPhone earthquake.
Now, as some crypto experts bet China could be about to open up its digital doors to crypto, economists are calling on China to begin monetary stimulus to bolster the countryâs flagging economy.
China could increase this year's special sovereign bonds to $420 billion, Zhang Ming, deputy director of government think tank the Institute of Finance and Banking at the Chinese Academy of Social Sciences, told Bloomberg, after China's economic growth has fallen short of official expectations in the aftermath of strick Covid-era lockdowns.
Earlier this week, Beijing-based analyst Zichen Wang polled economists who called for increased government spending and found consensus that "aids could at least go to low-income groups."
Last week, Arthur Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment fund, wrote in a blog post that he expects China to next year "finally unleash its long-awaited bazooka fiscal stimulus," predicting the China-America "crypto bull market shall be glorious."
WLD (WLD) is the native cryptocurrency of the Wilder World (WLD) metaverse platform, a decentralized, blockchain-based virtual reality platform. Here are some key features and facts about WLD:$WLD
_Key Features:_
1. _Metaverse platform_: WLD is the native cryptocurrency of the Wilder World metaverse platform.
2. _Virtual reality experiences_: WLD enables users to participate in immersive virtual reality experiences.
3. _Decentralized governance_: WLD holders can participate in voting and decision-making processes.
4. _Limited supply_: The total supply of WLD coins is capped at 1,000,000,000 tokens.
_Use Cases:_
1. _Transaction fees_: WLD is used to pay fees for transactions on the Wilder World platform.
2. _Virtual land ownership_: WLD is used to purchase and own virtual land in the metaverse.
3. _Decentralized governance_: WLD is used for voting and decision-making processes.
4. _Staking and rewards_: WLD can be staked to earn rewards and contribute to network security.
_Benefits:_
1. _Immersive virtual reality experiences_
2. _Decentralized and community-driven governance_
3. _Growing adoption and ecosystem_
4. _Utility token with various