A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender Paraguay […]
Yield for assets is often calculated over at least one-day periods, a problem that blockchain composability could address, according to the asset manager.
Yield for assets is often calculated over at least one-day periods, a problem that blockchain composability could address, according to the asset manager.
submitted by /u/goldyluckinblokchain [link] [comments]
Filings with the New Jersey Election Law Enforcement Commission showed only a few small contributions from individuals tied to crypto companies for various candidates.
Filings with the New Jersey Election Law Enforcement Commission showed only a few small contributions from individuals tied to crypto companies for various candidates.
You can contribute to the 1TS security project by sharing your feedback and ideas: Are there problems that were missed? What do you believe are the highest priority security issues to address? What ideas or solutions do you have for how to address those issues? submitted by /u/ImDoubleB [link] [comments]
XRP might be gearing up for a bullish run of epic proportions, accompanied by a similar crash of epic proportions. Particularly, a new technical analysis suggests that the XRP price may be preparing for one of its most explosive moves yet, followed by what the analyst calls a historic crash. This analysis comes amidst a backdrop of XRP reclaiming $2.2 in the past 24 hours, with the next outlook on reclaiming $2.3. Echoes of 2017: Hidden Bullish Divergence Reappears In a detailed breakdown shared on the social media platform X, crypto analyst JD (@jaydee_757) drew parallels between the current setup of XRP’s price action and its 2017–2018 market cycle. Back then, XRP printed a hidden bullish divergence (HBD) on the Stochastic RSI indicator, which acted as a powerful signal for an eventual 20x surge. According to the analyst, XRP appears to be repeating the same structural formation, with a new hidden bullish divergence now confirmed once again on the two-week timeframe. Related Reading: Analysts Are Predicting XRP Price To Climb Above $20 In Unexpected Rally As shown in the two-week candlestick timeframe chart below, XRP has already broken out from a multi-year symmetrical triangle dating back to its peak in 2018. This breakout, paired with the hidden bullish divergence, sets the stage for a biblical price move. JD projects an immediate upside continuation once the current smaller triangle consolidation pattern resolves to the upside. This parabolic upside continuation is likely to push XRP toward levels last seen during its all-time high. In this case, the analyst projected a price move above the double-digit threshold, with a target around $17. Post-Rally Warning: 90% Crash Projection Follows However, JD’s analysis is not without caution. Just as the 2017 rally ended in a dramatic 94% crash from $3.4 to the $0.2 range, the analyst warned that the anticipated surge could lead to a similar fate. This trajectory is illustrated clearly in the chart above. Related Reading: XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why After the anticipated euphoric move upward is complete, JD projects a sharp reversal toward a designated pink box area on the chart. This region, although not labeled with a specific price, lies well below current levels and may cause XRP to crash from double digits to below $1. Unfortunately, the majority of traders and investors could get rekt if they chase XRP near the peak. This follows similar behavior in 2018, where the parabolic rally was followed by an equally violent sell-off that trapped many traders at the top. As of now, XRP continues to coil within its consolidation triangle, and the breakout direction will likely determine the short-term fate of the cryptocurrency. XRP is currently trading at $2.28, up by 2.4% in the past 24 hours. A convincing break above the $3 mark would be necessary to invalidate the resistance of the current smaller triangle consolidation pattern and confirm the start of a parabolic move. Until then, there’s still a possibility that XRP will be rejected again at the triangle’s upper trendline. Featured image from Getty Images, chart from Tradingview.com
A majority of Fortune 500 firms are now developing onchain initiatives, with blockchain adoption also gaining momentum among small and midsize businesses, according to new data published by Coinbase. Blockchain Adoption Is Rising, According to the Latest State of Crypto From Coinbase Research released by Coinbase this week reveals that 56% of Fortune 500 executives […]
What is the best and most secure way to go about when creating an Ethereum Wallet Address? submitted by /u/SideTalkBTC [link] [comments]
