Ethereum News by Thebittimes.Com

Starting from December 4 th to December 6 th , 2024, blockchain development firm Bloom Technology will host a large-scale public test of its next-generation public blockchain platform, Locus Chain (LOCUS) . Locus Chain is a cutting-edge high-performance public blockchain engineered to achieve complete decentralization without compromising performance. Utilizing proprietary technologies such as AWTC_BFT consensus and Verifiable Pruning , it significantly reduces node and ledger sizes, enabling seamless operation on mobile devices and diverse hardware platforms. This accessibility empowers anyone to participate in node operations. In addition, Locus Chain’s implementation of fully decentralized Dynamic Sharding ensures consistent high-speed performance, even during large-scale transaction processing, solidifying its position as one of the most advanced public blockchain technologies available today. With a robust infrastructure that extends beyond simple token transfers or De...

Cardano’s Charles Hoskinson has made a striking prediction about Bitcoin’s future. In his latest live stream, the founder of this leading blockchain platform said Bitcoin will reach $250,000. His Analysis points to the strong connection between Bitcoin and ADA networks. The Cardano network’s tech advances support this wider market prediction, as better network connections help more people use crypto. Also Read: Top 3 Solana-Based Memecoins To Watch For Big Returns Hoskinson’s Crypto Insight: Bitcoin at $250K and Cardano’s Role Breaking Down the Analysis The Cardano creator backs his Bitcoin prediction with solid market data. He cites strong buying levels and more money flowing between Bitcoin and Cardano systems. When Bitcoin prices rise sharply, ADA often follows suit. This pattern suggests both coins could see major gains. The Cardano Connection Bitcoin’s climb comes as Cardano keeps building better technology. The network’s new speed improve...

Russian President Vladimir Putin has taken a bold step in embracing the digital economy by signing a law that officially recognizes digital assets such as Bitcoin as a form of property for foreign trade settlements.  The move signals a strategic shift in Russia’s approach to cryptocurrency, offering both opportunities and challenges for miners, traders, and businesses navigating the country’s evolving regulatory landscape, reported by Russian media outlet TASS on Friday, November 29 following the federal law announcement. On Amendments to Parts One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation . Source: publication.pravo.gov.ru One of the law’s headline Features is a clear framework for taxing cryptocurrency profits. Individuals earning from buying, selling, or trading digital currencies will face a two-tier tax system: a 13% rate for income up to 2.4 million rubles and 15% for anything above that threshold....

The crypto market has snapped a recent downward trend, which has caused it to lose a chunk of its value. Some of the top meme coins have exploded over the past two days. This explosion follows brief gains that propelled Bitcoin closer to the $100,000 mark.  We will examine the circumstances behind these market conditions. This article analyzes why crypto prices have started to recover. It examines what is stimulating the resurgence of meme tokens. Our Analysis also offers investors insights into the growth potential of these tokens.  Top Meme Coins to Add to Your Portfolio Now PepeFork stood out as a top-performing meme coin today by displaying bullish market sentiments. It recently posted an 85% increase in the 24 hours alone. Meanwhile, the Crypto All-Stars presale has unlocked a new milestone, raising over $6.2 million as giant market whales accumulate affordable tokens with massive potential.  GUAC has also performed impressively today, with 23 green days in th...

The Sui price pumped over 5% in the last 24 hours to trade at $3.57 as of 6:23 a.m. EST as investors start to go long on the altcoin. With the recent gain, the SUI price was able to boost its weekly performance out of the red. It also pushed its monthly gain up to more than 89%. Sui Price Oscillates In A Sideways Range 4-hour chart for SUI/USD (Source: GeckoTerminal ) The Sui price has been in a consolidation phase between $3.2913 and $3.8206 over the last few days. It briefly dipped under the lower boundary of this channel, but has since recovered to back within the sideways range.  In the last couple of hours, the Sui price has printed a series of higher highs and higher lows on the 4-hour chart. If this positive trend continues, the crypto could soon flip the upper boundary of the sideways channel at $3.8206 into support. A 4-hour candle close above this mark might then give the Sui price the space needed to rise to the next barrier at $4.3624. A rejection from the upper...

The crypto analytics firm Santiment is outlining three under-the-radar opportunities traders are talking about in the altcoin space. Santiment notes the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network. “There has been a notable resurgence in metaverse-related investments and growing confidence among investors in SAND and related tokens, suggesting a shift towards GameFi and metaverse projects.” SAND is trading at $0.608 at time of writing. The 78th-ranked crypto asset by market cap is down more than 16% in the past 24 hours. The second altcoin on the analytics firm’s list is the global payments network Stellar (XLM). “Increasing interest from Korean investors following a political event, further emphasizing XLM’s traction among crypto investors. On social media, XLM is associated with price surges and market Analysis , reinforcing its importance in current market dynamics.” XLM is tr...

Bitcoin (BTC) has fallen short of the highly anticipated $100,000 milestone, a psychological barrier closely monitored by market participants.  The cryptocurrency experienced a modest pullback of 0.73% over the past 24 hours, trading at $93,465 at press time. This minor decline follows a post-election surge that propelled BTC to a record high of $99,609 on November 22. While renewed investor optimism initially fueled strong upward momentum, Bitcoin now faces formidable technical and market resistance, raising concerns about the sustainability of its current bull run. Picks for you Analyst makes crypto predictions for ‘the mother of all bull markets’ in 2025 37 mins ago Bitcoin Rainbow chart predicts BTC price for Jan 1, 2025 ...

The Shiba Inu (SHIB) market has witnessed an array of upticks and downtrends over the year. The meme coin mostly recorded multiple spikes as it rose nearly 200%. The asset made noise in mid-November as its price reached a seven-month high, and its market value surpassed $17 billion. Even though the asset has lost momentum since then, the asset remains in the green monthly and is the subject of positive projections. Also Read: Shiba Inu: What’s SHIB’s Price If 99% of Tokens Are Burnt? Shiba Inu’s Current Slump Source Like the rest of the market, Shiba Inu was in a rut. The asset saw a major drop over the past 24 hours. At press time, SHIB was trading at $0.00002351 following a 10% decline. This comes after a 39% rise in its price throughout the month. The community has been expecting SHIB to eliminate a zero in the coming days. However, some remain pessimistic due to its current price slump. Despite this, a majority of the market seems to be bullish about Shiba Inu rising sooner ra...

Flockerz ($FLOCK) is swiftly hitting its funding goals, having surged past more than $3.3 million in just two months since launch. This new project has captured the attention of early adopters eager to get in on the industry’s first vote-to-earn (V2E) meme coin, where the community plays a key role in shaping its future direction. With strong investor interest at this early stage, Flockerz has the potential for an over 4,000x return – similar to the meteoric rise of Chill Guy ($CHILLGUY), which has recently triggered an absolute frenzy in the space after adding multiple digits to its early investors’ net worth. Flockerz is still currently in presale, but with just 24 hours left to secure tokens at $0.0061504, anyone looking to buy in at this lower price should act fast and snatch up $FLOCK now. Chill Guy Turned $1,000 Into $1 Million — And Flockerz Is Well Placed To Repeat The Feat In just a few days, one trader turned $1,0...

XRP whale activity is signaling possible sustainable bullish momentum for the asset, which has broken out after prolonged price consolidation. Over the weekend, whales spent over $50 million on XRP, which hints at possible confidence in the token’s prospects, according to data shared by on-chain analyst Ali Martinez in an X post on November 25. Specifically, the total balance of holders, between 1 million and 10 million XRP, increased to 4.29 billion tokens over just two days. Picks for you XRP price to hit $1.60 ‘if Bitcoin doesn’t ruin party’ 1 hour ago MicroStrategy makes largest ever Bitcoin buy 1 hour ago Polygon set for 6,000% r...

The Bitcoin price printed a minor gain in the last 24 hours to trade at $98,303.34 as of 4:47 a.m. EST as investors slowly start to accumulate the largest crypto by market cap. Despite the uptick, the BTC price is still down more than 1% from its all-time high. The market leader reached a new record of $99,655.50 after failing to break above the psychological $100K mark.  Bitcoin Price Rebounds Off Of Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price bounced off of the support level at $95,619.60, and is now attempting to break above the barrier at $99,616.08. Should it overcome this major threshold within the next 12 hours, it might have the technical foundation needed to keep rising in the short term. However, the Bitcoin price getting rejected by the $99,616.08 resistance in the next 12 hours could prevent any bullish move from happening. In this alternative scenario, BTC might end up retesting the $95,619.60 support. Falling below this safety ne...