Category: Cryptocurrency News

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Crypto exchanges HTX (formerly Huobi) and OKX have seen their traffic surging 200% and 185% YTD, respectively.

Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA, which comes into effect in December 2024.

The next generation of crypto mining will focus on alternative energy sources for efficiency.

Oracle service provider Chainlink native token LINK has surged today as the crypto market records a significant uptick. The cryptocurrency is up by 9.02%, trading at $6.80 with a trading volume of $198 million, representing an over 179% increase in the last 24 hours. One of the factors likely to affect LINK’s price growth in the coming days is the massive movement of tokens from the network’s wallet to exchanges. On September 16, four wallets associated with Chainlink transferred 18.75 million LINK tokens across various platforms, amounting to $119 million.  Related Reading: Toncoin Shatters Bearish Predictions With 40% Rally – What’s The Story? These wallets were originally intended for holding tokens that were not yet in circulation. But recently, around 15.7 million LINK tokens (approximately $100 million) left these wallets headed straight to Binance. Furthermore, 3.05 million LINK tokens (roughly $19 million) left the wallets in a multi-signature wallet identified as 0xD50f. Following these significant on-chain activities and potential implications, investors are eager to see how LINK price will react. LINK Breaks Above $6.3 Resistance Level LINK is in an uptrend, forming a bullish engulfing pattern to break above the $6.3 resistance level. Although LINK is still below its 200-day Simple Moving Average (SMA), today’s green candle has broken above the 50-day SMA, showing increased pressure from buyers.  The buyers at the $6.1 support level have forced the crypto coin to rally after the brief retracement between September 16-17. Also, the Relative Strength Index (RSI) displays a value of 58.00, rising from the neutral zone and approaching the overbought region of 70.  LINK has overcome the $6.3 resistance level today. Therefore, the buyers will likely sustain the rally in the coming days. Furthermore, the Moving Average Convergence/Divergence displays a strong buy signal confirmed by its green Histogram bars.  The cryptocurrency will likely record more price gains in the coming days if the buyers continue to accumulate the tokens. However, the unlock and transfer of 21 million LINK tokens on September 16 could lead to a brief retracement in the long term when the buyers relent. Whales Increase Holdings After Swift Test Since August 31, when Chainlink entered into a partnership with Swift and other companies, LINK has exhibited positive market moves. The interbank communication system Swift and Chainlink, successfully transferred tokenized value across various private and public blockchains in an experiment.  The positive development boosted investors’ confidence in buying more LINK tokens, potentially pushing the token’s value up. On September 7, Santiment noticed that Chainlink’s top-tier holders, those with 10,000-100,000 LINK tokens, were actively increasing their holdings. The number of wallets holding 10,000 to 100,000 LINK tokens increased to 3,127, the highest since December 3, 2022. These wallets collected $9.6 million worth of LINK in just three days, 0.154% of the total supply. Additionally, Santiment’s report showed that 98 new wallets in this category were created. Related Reading: Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Problem On September 9, a crypto expert, Ali, revealed that these whales bought more than 4 million LINK coins, amounting to $24 million in just 10 days. These accumulations show heightened investor interest in Chainlink and will likely drive demand, thereby increasing the token’s price in the coming days. Featured image from Pixabay and chart from TradingView.com

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BTC price gains more than 3% as the week begins, but concerns over open interest “ramping up” almost $1 billion in hours offer a sense of Grayscale deja vu.

The Supreme Court of British Columbia has given Hut 8 final clearance to complete a proposed merger with USBTC.

In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design.  Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15.  The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in the Ethereum community’s history, commemorating the one-year anniversary of Ethereum’s Merge to a Proof of Stake (PoS) network.   Related Reading: Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Problem Ethereum developers have labeled the technical flaw as a “misconfiguration in the ExtraData field.” Reports reveal that the misconfiguration was identified by an Ethereum Researcher named Protolambda.  Holesky launch update! Due to a misconfiguration in the ExtraData field (applied to EL configs but not to CL ones), #Holesky didn’t initiate properly. A consensus has been reached among the EF DevOps and client teams to relaunch a week from now. — Nethermind (@NethermindEth) September 15, 2023 One of the DevOps at the Ethereum Foundation, Parithosh revealed in an X (formerly Twitter) post the details of Holesky’s launch delay and misconfigurations. Parithosh explained that the flaw was found in one of Holesky’s Genesis files, the el Genesis file.  He stated that validators are currently working on the testnet and have succeeded in starting the chain; however, modifications on the network have not been completed so more time will be required to get the testnet back up and running ready for a relaunch.  “We had a misconfiguration in the el genesis file and that led to the Holesky network improperly launching. Some validators manually fixed the config and were able to start the chain, but not enough for the network to finalize,” Parithosh said in the X post. ETH price still hold above $1,600 support | Source: ETHUSD on Tradingview.com Holesky Testnet Scheduled For a Relaunch The Holesky testnet was created to introduce a range of features and enhancements in the Ethereum ecosystem. The testnet was loaded with more than 1 billion Holesky Ether (HETH) to ensure that the network was large and strong enough to handle complex tests on upgrades and developments in the Ethereum blockchain. Ethereum’s Holesky testnet has now been rescheduled for release in two weeks. However, no proper date has been announced regarding the relaunch.  “It’s extremely likely that we relaunch the network with new genesis files and have the network up two weeks from now,” Ethereum developer, Parithosh stated.  Related Reading: Ethereum Merge Is One: Here Are The Highlights So Far While the delay is undoubtedly disappointing to many users, developers have vowed to integrate more validation steps and better docs to make the Holesky testnet stronger and prevent future misconfigurations.  The delay in Ethereum’s Holesky testnet has not overly affected the price of its native token, ETH. Presently Ethereum developers are working vigorously to resolve the issue as fast as possible. The Ethereum community also remains hopeful that the delay will result in a more robust and reliable testing environment that will greatly benefit the Ethereum ecosystem. Featured image from iStock, chart from Tradingview.com

Hello, I'm very new to Optimism network and this is my very first time trying it. I was holding worldcoin and sent that to my metamask account as USDC.e and I just came to know that ETH (OP network) is required to complete the transaction as gas fee. The problem is I sent everything as…
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