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Crypto News
Crypto News
Meltem Demirors in Coinshares Reshuffle, No Longer on Executive Committee
3 days ago
davut1karabulut
davut1karabulut
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Ethereum's Narrative Amidst Rising Layer-1 Blockchain Competitionm. ♦️👀 In the dynamic world of cryptocurrencies, Ethereum (ETH) finds itself at a crossroads as alternative layer-1 blockchains gain prominence. Meltem Demirors, CoinShares Chief Strategy Officer, recently delved into the evolving landscape in a Crypto Banter YouTube interview, shedding light on the challenges Ethereum faces in maintaining its narrative strength. For crypto newcomers, Bitcoin (BTC) often serves as the gateway due to its simple narrative. The unique concepts of "digital gold" and "money backed by physics" contribute to a strong and reassuring holding sentiment. Ethereum, however, grapples with a more intricate scaling roadmap that may pose a challenge for newcomers to comprehend. Demirors highlights Ethereum's struggle with a complex scaling roadmap, creating a potential barrier for new entrants. The narrative challenges stem from the intricacies of Ethereum's scaling solutions, raising questions about the platform's ease of adoption. While the Ethereum community is robust, it lacks the fervent brand loyalty observed among Bitcoin maximalists. Demirors points out the absence of strong Ethereum advocates, questioning the depth of narrative loyalty within the community. The emergence of alternative layer-1 blockchains, offering faster, cheaper, and more user-friendly experiences, poses a threat to Ethereum's market share. The critical question remains: can Ethereum sustain mindshare and market share in the face of escalating competition? Demirors expresses uncertainty about Ethereum's ability to maintain prominence with the increasing launch of layer-1 blockchains. While compatibility with Ethereum's EVM (Ethereum Virtual Machine) is considered, challenges to narrative loyalty persist, leaving the platform's future uncertain. #BTC #eth #Coinshares #MeltemDemirors #Write2Earn

7 days ago
MetaversePost
MetaversePost
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Palo Alto, United States of America, February 20th, 2024, Chainwire The joint organizers behind the first annual global Sui conference, Sui Basecamp, today announced the initial wave of confirmed speakers for the Parisian event taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of the developers and entrepreneurs building on Sui, the innovative Layer 1 blockchain and smart contract platform, and will feature speakers and thought leaders from all over the world and throughout the greater Web3 ecosystem.  Sui Basecamp’s initial wave of speakers includes:  Arianna Simpson, General Partner at a16z  Balaji S. Srinivasan, Angel Investor, Tech Founder and author of The Network State Meltem Demirors, Aspiring Cult Leader Evan Cheng, Chief Executive Officer of Mysten Labs and Original Contributor to Sui Nikola Plecas, Global Head of Product GTM and Product Commercialization at Visa Crypto  Rachel Conlan, Chief Marketing Officer at Binance  Sam Blackshear, Chief Technology Officer at Mysten Labs and Creator of Move  Vincent Chok, Chief Executive Officer of First Digital Trust Logan Jastremski, Managing Partner at Frictionless Capital  Adeniyi Abiodun, Chief Product Officer of Mysten Labs  Benoît Pellevoizin, Head of Marketing and Communications at CoinShares France  Robert Knight, Features Writer at Cointelegraph  Greg Siourounis, Managing Director of Sui Foundation Hosted by Mysten Labs and Sui Foundation, Sui Basecamp will take place at two select venues – the first day and opening night party, Sui Soiree, will be at Pavillon Cambon Capucines, the former headquarters of Crédit Foncier de France, before attendees migrate to Pavillon Vendôme for the second day’s festivities. Both locations are adjacent to Paris Blockchain Week’s main event.  Early bird tickets, at the discounted prices of $99 USD, are available today through March 1. Ticket prices will remain discounted, at $149 USD, from March 2 through 31, then increase to the full price of $299 from April 1 until the event.  Registration is now open at https://sui.io/basecamp.  About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io About Mysten Labs Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com Sui Foundation The Sui Foundation is an independent organization that is dedicated to the advancement and adoption of Sui. The Sui Foundation supports the Sui community and its projects that enable individuals and creators to have unprecedented ownership over their data and content. Media Contact: lexi.wangler@mystenlabs.com Contact Lexi Wanglerlexi.wangler@mystenlabs.com The post Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event appeared first on Metaverse Post.

5 days ago
BlockchainReporter
BlockchainReporter
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Bitcoin’s price continues to hold its upward trajectory, hovering around the $52,000 mark, triggered by investors’ bullish hopes sparked by positive ETF-related on-chain data. However, the growing appetite for BTC purchases signals caution, suggesting an impending downturn might be on the horizon, a sentiment echoed by several on-chain indicators pointing towards an overheated market atmosphere. Furthermore, stablecoin holders with portfolio sizes between $10,000 and $100,000 are increasingly seen as unexpected predictors of Bitcoin’s upcoming price fluctuations. Market Goes In A Profit-Taking Mood Over the last 24 hours, the crypto market witnessed a surge in liquidations, with the total amount surpassing $152 million worth of positions. Notably, BTC price saw a liquidation of nearly $25 million, out of which, long-position holders liquidated around $20 million, suggesting a profit-booking sentiment among holders near the market top of $52K. Small to mid-tier stablecoin holders, wielding portfolios ranging from $10,000 to $100,000, have influenced Bitcoin’s price swings. Over the past two weeks, these traders have collectively increased their holdings in USDT by $44.3 million, while simultaneously reducing their stakes in USDC by $20.6 million. This move in stablecoin could be influencing Bitcoin’s buy and sell points. Small moves from mid-tier traders often work as excellent signals for spotting market pivots from the crowd. In the past 2 weeks, #stablecoin holders with $10K to $100K: Added $44.3M in $USDT Dropped $20.6M in $USDC Link to explore our chart: https://t.co/5AfbILqe1F pic.twitter.com/82RhKnqXzI — Santiment (@santimentfeed) February 20, 2024 The recent trend shows these traders engaging in a strategic exchange between stablecoins and Bitcoin, suggesting an approach to capitalizing on market volatility. An increase in stablecoin holdings implies that these traders are taking profits from Bitcoin’s rallies, moving their gains into stablecoins as a hedge against potential market downturns. This action often brings market tops, where traders anticipate a short-term decline in Bitcoin prices. Conversely, a decrease in stablecoin holdings among this group points to a growing confidence in Bitcoin’s short-term appreciation. By converting stablecoins into Bitcoin, traders are effectively buying the dip, positioning themselves to benefit from anticipated price increases. This behavior reflects a bullish sentiment on Bitcoin, suggesting that these traders see potential for gains in the near term. Traditionally, market watchers have focused on the actions of large-scale investors, or “whales,” to predict price movements. However, the collective behavior of smaller traders is proving to be an equally potent predictor of market trends However, the current sentiment for Bitcoin remains bullish as CoinShares’ recent report highlights a record $2.45 billion inflow into crypto funds from major asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares last week, predominantly driven by new U.S. Bitcoin ETFs. Year-to-date, digital asset investments have reached $5.2 billion, pushing the assets under management to a peak of $67 billion, the highest since the 2021 bull market peak, according to James Butterfill, Head of Research at CoinShares. Bitcoin Needs A Retest To Stabilize Sentiment Several on-chain indicators are currently pointing towards an overheated sentiment around the BTC price, hinting at the possibility of a price adjustment. A key metric among these, the NVT ratio (Network Value to Transactions), has seen a significant rise, now at 71.09. This suggests that despite the increase in Bitcoin’s network value alongside its price, the transaction volume hasn’t risen much, signaling a potential overvaluation of the asset. Additionally, the Netflow metric has seen a notable uptick, shifting into positive territory. This signifies that Bitcoin inflows are surpassing outflows, resulting in a growth of exchange reserves. This trend could signal an upcoming price correction for BTC. Nonetheless, these corrections could potentially trigger buying momentum near the dip. For a downward trend to be firmly established, sellers must drive the price beneath the 20-day exponential moving average, currently at $51,909, which could initiate a slide towards the $50K mark. Conversely, for buyers to aim for a rise to $55,000, overcoming the resistance at $52,800 is essential. Meanwhile, to reverse the current upward trend, bears need to force the price below the moving averages, setting the stage for a potential decline to the breakout level of $48,400. Although bulls are expected to defend this level, if overcome, the price might fall to $47,000, with a further drop to $44,900 being a possibility.

5 days ago
Coinpedia
Coinpedia
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The post Ethereum, Avalanche, and Solana Share the Spotlight in Crypto Investment Growth appeared first on Coinpedia Fintech News The cryptocurrency market has continued to attract more cash inflows from all over the world. According to a weekly report from CoinShares, cash inflows to crypto investment products reached $2.45 billion last week, thus bringing the year-to-date inflows to around $5.2 billion. While 99 percent was designated for Bitcoin (BTC), the rest was shared among Ethereum (ETH), Avalanche (AVAX), and Solana (SOL). Crypto Confidence on the Rise The confidence in the confirmed crypto bull market has significantly increased in the past few weeks. Moreover, Bitcoin price closed above $52,000 for the first time in more than two years. Additionally, Ethereum price has teased $3,000 for the first time since the beginning of the 2022/2023 crypto bear market. Most importantly, the total crypto market capitalization has crossed $2 trillion and sustained in the past few days. Cautionary Note A major increase in money has been entering into #cryptocurrency, which should be a surprise to no one. Notably, there has been a dramatic increase in the speculation of derivatives in #crypto as market caps have risen significantly the past 4 months. With pic.twitter.com/arM5nxCMlY — Santiment (@santimentfeed) February 19, 2024 According to on-chain data analysis provided by Santiment, the majority of crypto assets have registered heightened open interest (OI) in the past few weeks. Specifically, Bitcoin has crossed the $10 billion mark for the first time since July 2022. Similarly, the altcoin market led by Ethereum, Solana, and Chainlink (LINK) has experienced a significant uptick in Open Interest.  Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging #altcoins, the vast majority of #crypto projects have generated profits for the average (Cont) pic.twitter.com/ziKhzmcz1v — Santiment (@santimentfeed) February 20, 2024 With the majority of the crypto assets having registered notable gains since last October’s breakout, Santiment highlighted that several indicators are pointing to an overbought situation. Based on the Market-Value-to-Realized-Value (MVRV) indicator, Santiment noted that the crypto market has entered a possible reversal zone after four months of a winning streak.  Nevertheless, the crypto market could easily continue on a bullish outlook amid heightened demand from institutional investors and retail traders.

5 days ago

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