ETH Price Could Skyrocket When Ethereum ETF Launches, Gemini Reports
Source: Jelajahcoin.com Recently, Gemini analysis showed that an Ethereum ETF could attract billions in investments allowing the price of ETH to skyrocket. Reports of delays in the highly anticipated launch of #ETF Ethereum have greatly disappointed investors. But when spot Ethereum ETFs launch, the new products are expected to attract net inflows of $3 to $5 billion in the first six months. This is as reported in the latest report published by crypto exchange – Gemini.
Bitcoin Will Drop 45%, Predicts From Crypto Analyst
Source: Jelajahcoin.com Crypto analyst – Alan Santana, expressed his prediction that Bitcoin (BTC) will fall by 45% to between the $35,000 level. Recently, $BTC has been in a state of flux after recovering from a dip below the $60,000 level and climbing back to the $61,000 level. However, Bitcoin still failed to penetrate important resistance points at $63,500, and shows that bearish sentiment continues to dominate the market. On the other hand, crypto analyst – Alan Santana, has predicted that this is not the end of the Bitcoin price crash.
$8 Million Stolen, Bittensor Blockchain Network Temporarily Closed
Source: Jelajahcoin.com #Bittensor had to shut down its blockchain network on July 3, 2024 following the theft of $TAO worth approximately $8 million. This temporary network closure was carried out to contain continued exploitation of the Bittensor blockchain network. Bittensor Co-Founder – Ala Shaabana, announced this via a post on X.com by writing; “Through the update, we have contained the attack and put the chain into safe mode (producing blocks but no transactions allowed).”
Vitalik Buterin Gives Tips to Speed Up Ethereum Transaction Confirmations
Source: Jelajahcoin.com #Ethereum co-founder – Vitalik Buterin, has provided tips on how to speed up transaction confirmations on the Ethereum blockchain network. In a June 30 blog post, Vitalik Buterin explained that Ethereum's Gasper consensus mechanism uses a slot-and-epoch architecture that contains certain complexities. That's like bug interactions and a confirmation time of 12.8 minutes, which makes it “increasingly inconvenient” for the user experience. So, he highlighted some of the “practical options” that Ethereum has to further improve its user experience.
Be careful, fake Floki Inu tokens exist on the Solana and Base networks
Source: Jelajahcoin.com Recently, Floki Inu, has warned its investors about a fraudulent attempt involving fake $FLOKI tokens. Fake FLOKI tokens are widespread on the Solana and Base blockchain networks, aiming to mislead Floki Inu investors. Floki Inu's official X account has warned its followers about this fake token scam. Highlighting that the native Floki Inu (FLOKI) token is only available exclusively on the #BSC and #Ethereum blockchain networks. As a further precaution, Floki has assigned the official network address for each network, as follows;
Cardano Developers Immediately Improve Security After Foiling DDoS Attack
Source: Jelajahcoin.com Cardano ($ADA ) developers immediately made security improvements after thwarting a spam attack on their blockchain network. On June 25, the Cardano blockchain network faced a Distributed Denial-of-Service (DDoS) attack starting from block 10,487,530. The CTO of Fluid Tokens – Raul Antonio, explained that the attack was aimed at tricking the Cardano blockchain into charging lower fees for high-value transactions. Additionally, if the attack is successful, the attacker could steal Cardano's staked tokens from the #blockchain. network.
21Shares Joins File for Solana ETF, Becoming Third Company This Month
Asset management company, 21Shares, also filed for an Exchange-Traded Fund (ETF) #Solana , making it the third large company to file this month. #ETF Solana was proposed by 21Shares to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major spot exchanges. It is filled in according to the S-1 registration form that the company filed with the US Securities and Exchange Commission (SEC). The filing follows a similar application by VanEck on June 27, which led to a 7% increase in SOL prices.
The rally since last week has pushed Bitcoin ($BTC ) to shoot above $68,000 for the first time in more than five weeks. <t-54/><t-55/><t-56/>#Bitcoin managed to recover after falling to $56,500 on May 1, a decline after printing a new all time high on March 14, 2024 at $73,768 . Financial Expert Ajaib Crypto Panji Yudha explained, "Bitcoin shot up in the last 24 hours, rising by 6.85% and on Tuesday (21/5) at 08:00 WIB BTC was at $71,248," continued;
Launch of Telegram Wallet on TON Blockchain Sparks Controversy
#Jelajahcoin - Telegram recently released a self-custodial wallet on The Open Network (TON) blockchain. However, this development has sparked controversy. After the launch, CertiK, a leading #blockchain security company, issued a warning about the use of Telegram bot tokens. On September 13, Certik released a warning message on social media, advising cryptocurrency fans to be careful when dealing with Telegram bot tokens. Certik's report highlights worrying findings. “Our analysis revealed that more than 40% of Telegram bot tokens have the potential to be exit scams,” Certik warned.
Co-Founder of Ponzi Scheme, OneCoin Sent to 20 Years in Prison
#Jelajahcoin - Karl Sebastian Greenwood, co-founder of the ponzi scheme project – OneCoin and wingman for Ruja Ignatova, was sentenced to 20 years in prison. Ignatova, who was on the Federal Bureau of Investigations (FBI) Ten Most Wanted Fugitives list, was reported to have been murdered in 2018. According to Bloomberg, Swedish national Karl Sebastian Greenwood was sentenced on Tuesday, September 11, in New York. Greenwood was the principal founder of the OneCoin project, with prosecutors alleging that he made $300 million from the Ponzi scheme.
Cardano (ADA) Records Big Improvement In Important Metrics
#Jelajahcoin - Active users #Cardano ($ADA ) jumped 60% to surpass nearest rival. Recently Cardano hasn't been on the radar, as the price of the token is quite bullish when compared to others. Despite a relatively slow record, Cardano has posted huge growth in Daily Active Addresses (DAA). As a metric that underlines how popular Cardano is as a protocol among regular Web3.0 users. Data from IntoTheBlock shows that Cardano has seen a 60.52% spike in this particular metric overnight with a record 42.52K registered addresses.
Blockchain Adoption Still Continues Amidst Market Uncertainty Entering the last week of September 2023, Bitcoin is again stuck below the $27,000 USD mark. Meanwhile, Ethereum (ETH) is struggling to climb back to its position above the $1,600 USD level.
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Blockchain Adoption Still Continues Amidst Market Uncertainty
#Jelajahcoin – Entering the last week of September 2023, #Bitcoin ($BTC ) is again stuck below the $27,000 USD mark. Meanwhile, #Ethereum ($ETH ) is struggling to climb back to its position above the $1,600 USD level. Last week, the crypto market was teetering between optimism and caution regarding the interest rate policy decision by the Federal Reserve. Wednesday (20/9) the Federal Reserve made an important decision not to raise interest rates, holding the benchmark interest rate at the level of 5.25 – 5.50% in line with market expectations.
Blockchain Adoption Still Continues Amidst Market Uncertainty
#Jelajahcoin – Entering the last week of September 2023, #Bitcoin ($BTC ) is again stuck below the $27,000 USD mark. Meanwhile, #Ethereum ($ETH ) is struggling to climb back to its position above the $1,600 USD level. Last week, the crypto market was teetering between optimism and caution regarding the interest rate policy decision by the Federal Reserve. Wednesday (20/9) the Federal Reserve made an important decision not to raise interest rates, holding the benchmark interest rate at the level of 5.25 – 5.50% in line with market expectations.
Bitcoin Wait and See Ahead of Inflation Data Release
#Jelajahcoin - #Bitcoin Wait and See ahead of the release of inflation data – Entering the second week of October, the crypto asset market is perched in the red zone with Bitcoin (#BTC ) falling again below the price of USD 28,000. Tuesday (10/10) at 09.00 WIB, Bitcoin fell 1.37% to USD 27,552. Ethereum fell 3.29% to settle at USD 1,577. Apart from that, the total market capitalization of crypto assets also fell 1.65% to USD 1.049 trillion. This week market players tend to wait and see because they are waiting for a series of important macroeconomic data to be announced.
Chainlink Whales Collect $50 Million Worth of LINK In 2 Weeks
#Jelajahcoin - Chainlink ($LINK ) continues to show bullish performance in September 2023 with a YTD jump of 40%. #Chainlink experienced a substantial increase in value, instilling a feeling of hope among its investors. In fact, Chainlink whales have been actively accumulating tokens and have raked in over $50 million worth of LINK in just two weeks alone. According to data collected by leading crypto analyst – Ali Martinez, this group of investors has purchased more than 7.5 million $LINK tokens in the last two weeks, worth around $53 million.