Litecoin started a steady increase above $72.00 against the US Dollar. LTC price is now trading above $72.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $70.10 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $74.80 and $75.00 resistance levels. Litecoin price is recovering from the $68.00 zone against the US Dollar, like Bitcoin. LTC...
Read More »LayerZero Labs Launches Colortrace, Onchain Attribution Solution
ColorTrace is LayerZero’s solution to problems with Colored Coins, including the amount of storage required to color digital assets. Cross-chain communication protocol LayerZero has launched ColorTrace, a value attribution solution that facilitates fair tracking. The solution easily attributes tokens to the entity that minted the token, allowing for easy verification of the token’s origin and making related yield collection seamless. In addition to revenue distribution, ColorTrace can also...
Read More »Meet Verified USD (USDV): A Revolutionary Stablecoin Transparently Pegged to Tokenized US Treasuries
At the launch of the Verified USD (USDV) dozens of leading CeFi and DeFi like Animoca Brands, BIT exchange, Coin98 Finance, Matrixport, SushiSwap, and Stargate Finance, among many others will offer support for the revolutionary stablecoin project to its users. Verified USD Foundation, a non-profit and community-based organization that is working on revolutionizing the stablecoins market, has announced the launch of Verified USD (USDV). According to the company, the USDV is a...
Read More »Uniswap Rolls Out Android Version of Crypto Wallet
Uniswap wallet first launched on the Apple’ App store in April. Uniswap has responded to the high demand for its crypto wallet from Android users by rolling out a version tailored to their devices. This follows shortly after its beta launch last month. Now, all Uniswap users, including those who use Android, may carry out cross-chain token swaps at will. But there is a little restriction. So far, Uniswap has only integrated a few networks including Arbitrum, Polygon, Base, Optimism,...
Read More »Solana (SOL) Price Analysis: Rally Could Resume From $50
Solana price started a decent increase above the $45.00 resistance against the US Dollar. The price is now trading above $50.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $51.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $51.00 and $50.00 support levels to start another increase. Solana price is trading above $50 against the US Dollar, like Bitcoin....
Read More »Ripple Chief Brad Garlinghouse Slams YouTube Over Prevailing Deepkfake Scams
In a recent appearance on the X platform, Ripple CEO Brad Garlinghouse voiced his apprehensions regarding the proliferation of deepfake scam videos on YouTube. He cited a specific incident where old video footage from Ripple’s events was manipulated, overlaying new words to create a deceptive narrative. Expressing his concern directly to the video hosting giant, Garlinghouse questioned their vigilance, urging them not to be complacent. He emphasized the importance of public caution, advising...
Read More »Altcoins to Watch Out for as Bitcoin, Ethereum, Solana Cool Off after Impressive Rally
Bitcoin and some large-cap altcoins have experienced significant resistance in the past few days pushing crypto traders to small-cap and meme coins’ speculation. The crypto cash flow has been moving from Bitcoin (BTC) and large-cap altcoins like Ethereum (ETH), Solana (SOL), and Chainlink (LINK) to small-cap and meme coins as indicated by the traded volume. According to market data provided by Binance-backed Coinmarketcap, the daily average traded volume for meme coins was up...
Read More »Fake News on BlackRock’s iShares XRP Trust Sends Price Briefly to $0.74 Leading to High Liquidation
For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake. Amid the ongoing Bitcoin (BTC) and Ethereum (ETH), exchange-traded funds (ETFs) in the United States, the crypto community has questioned why the Ripple Labs-backed XRP has not been included and it has legal clarity. On Monday, reports circulated on the X platform that BlackRock Inc (NYSE: BLK) had filed to list an XRP...
Read More »Polygon ID Release 5 Goes Live Boosting Credential Liquidity
Polygon ID Release 5 comes with exciting new features including on-chain issuer, issuer node, along with the addition of a new credentials marketplace. In a groundbreaking development, Polygon ID has unveiled Release 5, a significant stride toward constructing a dynamic decentralized identity ecosystem. This latest release introduces a host of features aimed at simplifying the credential generation process and expanding the potential applications within the Polygon ID network. At the...
Read More »SSV.Network Partners with P2P.org to Roll Out Distributed Validator Technology for Staking
SSV.Network is on the verge of completing its mainnet launch. Once achieved, it will pave the way for a wider rollout of its DVT implementation. Ethereum staking infrastructure protocol SSV.Network has unveiled a major partnership with P2P.org, the non-custodial provider of institutional staking. The deal will see P2P.org integrate the DVT Staking API, bringing Distributed Validator Technology to institutions, who will benefit from a stronger and more distributed validator set. DVT Enters...
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