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A Solana price recovery could lag Bitcoin and altcoins. Cointelegraph explains why
Introduction BRC-20 tokens are an experimental and inefficient token standard designed for creating fungible tokens on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20 tokens, BRC-20 tokens leverage the Bitcoin Ordinals protocol to inscribe data onto individual satoshis, making them transferable and tradable. Origins of BRC-20 Tokens The BRC-20 token standard was introduced by a pseudonymous developer named Domo in March 2023. This development came shortly after the launch of the Bitcoin Ordinals protocol in January 2023 by Casey Rodarmor, which allowed users to inscribe data onto individual satoshis, enabling the creation of NFTs on the Bitcoin blockchain. The first BRC-20…
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The Securities and Exchange Commission (SEC) closed its investigation into Robinhood Crypto (RHC) without pursuing enforcement actions. This move comes amid the Commission’s efforts to move away from its previous “regulation by enforcement” approach under the new industry-friendly administration. SEC Closes Robinhood Crypto Investigation On Monday, Robinhood announced that the US SEC’s Enforcement Division had closed its 9-month investigation into its crypto arm without taking any enforcement measures. In May 2024, the Commission’s staff issued a Wells Notice to Robinhood, indicating that they would recommend the SEC file an enforcement action for allegedly violating securities law with its US crypto…
Analysts predict FXGuys could surpass Chainlink in 2025, backed by its staking, prop trading funding program, and Trade2Earn model. Find out why. The cryptocurrency market is gearing up for a major shift, with FXGuys emerging as the leading contender to outperform Chainlink in 2025. Analysts are increasingly bullish on its potential as FXGuys continues its Stage 3 presale, raising over $4 million at $0.05 per token. With a strong staking mechanism, an innovative prop trading funding program, and the revolutionary Trade2Earn model, FXGuys is redefining the landscape for traders and investors. >>>JOIN FXGUYS HERE<<< Why FXGuys is Gaining Momentum…
Este artículo también está disponible en español. In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana’s ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last major support level.” The Bearish Argument For Solana “The downtrend continues as SOL gets rejected by another S/R flip and crashes down to the $150 level. Sentiment at an all-time low. Assume continuation until proven otherwise,” Khaneghah writes…
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Ethena Labs founder Guy Young previously announced plans to roll out iUSDe — a product designed for regulated financial institutions — in January.
The witness discount refers to the reduction in data “weight” given to the witness portion of a Bitcoin transaction — the part that contains the signatures used to prove ownership. Implemented as part of the 2017 segregated witness (SegWit) upgrade, this discount effectively lowered the fees for SegWit transactions by making the witness data count for less when calculating the total size of a transaction. In simpler terms, the witness data gets a 75% discount, meaning that it only counts as one-quarter of its actual size when determining how much space it takes up in a Bitcoin block. This allows…