Hey everyone! I run a faucet called Testnet Faucet, and for the last 3 years, it only supported the testnets of UXTO coins such as Bitcoin and Litecoin. Today, I'm happy to announce that I've redeveloped the backend and created a faucet for the Sepolia testnet! The claim amount will be quite small for a…
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If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.
Hoping someone with more knowledge can lend a hand here. I tried to mint two Parallel Lives decks yesterday on Base and sent 0.1 ETH to purchase the decks (they cost 0.05 each). The decks each contain 40 cards and I believe I also received a card back and a hero card for each deck,…
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Uniswap CEO just made an update: https://twitter.com/haydenzadams/status/1690395983773880321 "Wanted to let people know this person is no longer with the company. Not behavior we support or condone." Original thread with background info: https://twitter.com/UniswapVillain/status/1690216623041372161 This is another firing in a history of crypto app employees using their platform to engage in fraudulent behavior (Nate from Opensea being…
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What is Bitcoin halving? Bitcoin halving is an event that occurs approx. every four years or after mining 210,000 blocks (a data structure that contains transactions and metadata about the block – read below). The number of BTC rewards per block is reduced by 50%. Next halving is anticipated to happen in April 2024 and…
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I saw a thread the other day about how you can ‘stake’ your Moons, while in actuality, it was a liquidity pool. So, there seems to be some confusion on what staking actually is. In that thread (and others), a lot of people seem to use ‘APR’ and ‘APY’ interchangeably – so I thought I’d…
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Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments. Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. Related Reading: LINK Price Prediction: Chainlink Turns Attractive On Dips 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about 29,000 addresses purchased over 295 million LINK at this price range based on data from analytics firm IntoTheBlock. Moving on, he postulated that as long as the altcoin was trading above this price zone, investors were likely to continuously remain bullish, especially as Soon-chain data shows that there are no significant resistance levels ahead. Source: IntoTheBlock According to Ali, a good number of LINK whales have already recognized the $6.63-6.88 zone as “robust” price support and are actively accumulating more tokens. He highlighted that in the past 14 days, LINK whales have purchased an estimated 13 million LINK worth around $91 million. However, while these developments may be considered indications of a bullish LINK market, Ali states that traders anticipating a market breakout may still need to exercise some patience. Using data from IntoTheBlock, the crypto analyst draws attention to the declining network activity on the Chainlink network in the last three weeks. Ali stated that during this period, the number of large LINK transactions had gone down from 527 to 118. He concluded his market report by stating a boost in this metric is likely to precede any market breakout. At the time of writing, LINK is exchanging hands at $7.44, with a 1.36% decline in the last day, according to data from CoinMarketCap. However, the token is up 3.66% and 17.67% in the last seven and thirty days, respectively. Related Reading: Chainlink (LINK) Holds Above 14% Gains As Crypto Market Slumps Heavily More Good News For Chainlink Aside from Ali’s market analysis, there has been other positive news about Chainlink in recent days. Also, on August 11, market intelligence firm Santiment reported LINK had experienced its highest level of dormant coin movements in the last six weeks. According to Santiment, this represented a decline in LINK’s mean dollar invested age curve, pointing to a decrease in the token’s time in wallets which is usually a precursor for a rise in market cap. In addition, Chainlink has maintained a rise in its development activity over the last few months. Based on data from Santiment, development activity on Chainlink went up from 1579.12 on May 31 to 1706.48 on August 3. LINK trading at $7.432 on the daily chart | Source: LINKUSD chart on Tradingview.com Featured image from Stockhead, chart from Tradingview
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