Author: dfmines

Cryptocurrency News and Public Mining Pools

Fundamentals and tech are less important than pumpamentals and hype

Many altcoins stayed the same or are slightly less valuable than 2 years ago, they didnt move much. Instead AI, DePIN and some gaming coins did good price moves. Also memecoins were pumping hard…memecoins do not have any utility, they aren't even L1s, but are just "useless" tokens from some L1. Things that people don't…
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Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets

In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their […]

ERC20 Coin Creation for Hire

Will pay you to create a coin. Add it to major liquidity pools and for you to send me 20 Percent of total coins. Will pay you. Thanks. submitted by /u/goodyeshello [link] [comments]

A concrete proposal for correlated attester penalties – by Vitalik Buterin

submitted by /u/InclineDumbbellPress [link] [comments]

BNB Resilience: Holding Firm At $560 – What’s Next?

The price of BNB hasn’t fallen below its previous low, and it’s showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain’s native token is aiming for an upward bounce back towards its earlier high. Technical Indicators Point Toward Sustained Uptrend For BNB To figure out where the BNB price might be headed next, several indicators can be used to examine the chart: 4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and both the MACD line and the Signal line have crossed and are heading towards the MACD zero line, indicating a bullish trend. This can be seen in the above image. RSI 4-hour Timeframe: The formation of the Relative Strength Index (RSI) in the below image also suggests an upward movement as the RSI signal line is seen trending above the 50% level. This indicates that buyers are still very active in the market therefore overpowering the strength of sellers. 4-hour alligator: A look at the alligator indicator from the 4-hour time frame shows that BNB is trading above the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw, suggesting that the price might be starting a new rally. At the time of writing, the price of BNB was up by 1.35% and was trading around $561 in the last 24 hours. BNB price is showing bullish signs and also forming a base above the $508.1 support level. Also, the price is trading above the bearish trend line and below the 100 Simple Moving Average (SMA) on the 4-hour chart. Final Thoughts From the previous downward movement, the price of BNB has managed to create one major resistance level of $635 and one major support level of $508. Currently, BNB is moving toward this resistance level and if it breaks above this level, the price might go even further to create a new high.  On the other hand, if the price fails to break above this major resistance, it will reverse and start a downward movement toward its previous support and if it manages to break below this support level, the price might move further downward thereby starting a new downward trend. Featured image from Shutterstock, chart from Tardingview.com

Window to apply to ETHBerlin04 closes tonight!

submitted by /u/ligi [link] [comments]

Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. […]

AMA with the Bitcoin Historian

Hello r/Cryptocurrency! I'm Rizzo, the Bitcoin historian, author of over 2,000 articles on cryptocurrency and Editor At Large at Kraken. I've been in the industry since BTC was $50 and ETH wasn't even invented. I've interviewed everyone from crypto wizards (Adam Back, Vitalik Buterin, Sergey Nazarov, Charlie Lee) to politicians (Ron Paul, Cynthia Lummis) to…
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IRS Releases New Draft On Crypto, Ignoring Industry’s Pleas

If you want to understand what will be done to DeFi, you must first understand what was done to Forex and offshore american bank accounts, as well as the indictment of Bitmex, Binance, Bybit, and Kucoin, and the implications of the indictment of Sterlingov — background: The Obama administration made significant strides in enforcing financial…
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Buckle Up, Injective (INJ) Primed For Takeoff Towards $50 — Analyst

Injective Protocol, a blockchain platform dedicated to decentralized finance (DeFi) and derivatives trading, is currently at the center of attention. The platform’s proposed upgrade, Injective 3.0, aims to revolutionize its tokenomics by introducing deflationary measures for INJ. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? This upgrade seeks to address the issue of token inflation, a common challenge faced by many DeFi tokens, by implementing mechanisms to control the creation of new tokens and incentivizing users to stake their existing INJ holdings. Injective: Creating Token Scarcity One of the key objectives of Injective 3.0 is to increase the scarcity of the INJ token. By reducing the rate of token creation and encouraging staking activity, the upgrade aims to create a supply-demand dynamic that could drive up the token’s price. This strategy reflects a broader trend within the cryptocurrency space, where projects are exploring innovative ways to enhance token utility and value proposition. INJ is now trading at $27.62. Chart: TradingView Meanwhile, Injective (INJ) has seen a remarkable surge in value. Over the past week, INJ has soared by an impressive 12%, building upon a substantial 24% gain over the last month. This surge in price has prompted speculation about the token’s future trajectory and the factors driving its bullish momentum. INJ weekly price action. Source: Coingecko Analyst Optimism And Price Predictions Amidst the excitement surrounding Injective’s upgrade proposal, crypto analyst World Of Charts has issued a bullish prediction for INJ. The analyst’s analysis points to a bullish flag pattern emerging in INJ’s price chart, a technical indicator often associated with significant price breakouts. $Inj#Inj In Strong Uptrend And Now Consolidating In Bullish Flag Incase Of Breakout Expecting Move Towards 50$ Expecting Almost 80-90% In Coming Weeks#Crypto pic.twitter.com/wsiID0YaTl — World Of Charts (@WorldOfCharts1) April 18, 2024 According to World Of Charts, if INJ breaks out of this pattern, it could potentially reach the $50 mark, representing a substantial increase from its current price and signaling further upside potential for the token. Positive Prospects While the prospects of INJ’s price surge are enticing, investors are advised to tread cautiously. The cryptocurrency market is inherently volatile, and factors beyond the upgrade proposal could influence INJ’s performance. Related Reading: Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge? Injective Protocol just took a big step forward with their upgrade to Injective 3.0. This update brings new features to the platform, and the INJ token is looking attractive as a result. The changes could be a draw for both experienced investors who understand the DeFi space and those who are just starting out and looking for exciting new opportunities. Featured image from Pixabay, chart from TradingView