DeFI News by Thebittimes.Com

Bitcoin market enthusiasts have maintained the $65,000 threshold, yet an Analysis of BTC and altcoin charts suggests that traders are too early to anticipate a short-term trend reversal. On 29 July, Bitcoin encountered significant resistance close to $70,000, highlighting that the bears are rigorously defending the upper boundaries of the $55,724 to $73,777 range. Many analysts are keenly observing the $69,000 mark, considering it essential for the bulls to convert this level into support before Bitcoin can surpass $72,000 and challenge the record high near $74,000. A significant catalyst is required for Bitcoin to break free from its five-month trading range. Should this occur, analysts are optimistic that Bitcoin could exceed the $100,000 milestone. Nonetheless, some experts predict that reaching six figures might only happen in 2025. Crypto market data daily view. Source:   Coin360 Analysts believe the United States’ $35 trillion national debt will...

In this episode, we discuss parallel execution technology and the development of Movement Chain with its co-founder, Rushi. With an engineering background and extensive experience in both crypto and traditional Web2 sectors, Rushi shares the latest updates and future plans for Movement Chain. By adopting the Move language and parallel execution technology, Movement Chain brings enhanced security and throughput to the Ethereum ecosystem. The team is dedicated to promoting the adoption and growth of Movement Chain through transparent incentive programs and broad community engagement. Risk warning: The content reflects the interviewee’s personal views and does not represent WuBlockchain’s stance. The content is not financial advice. Readers should comply with local laws and regulations. Audio-to-text conversion uses GPT, and there may be errors. Please listen to Youtube for the full podcast： Introduction to Rushi and Movement Chain I am one of the co-founders of Movement Labs and a core c...

The Department of Motor Vehicles (DMV) for the most populous state in the US is placing its vast and complex vehicle registration system on the blockchain. According to a new announcement from Ava Labs, the development firm behind Avalanche (AVAX) the State of California is using the chain to update its title transfer system. “What else can an Avalanche L1 do? The California DMV is launching its own chain on Avalanche to modernize the vehicle title transfer experience for CA’s 39M+ residents.” In an accompanying post, Ava Labs says the new system will allow the title transfer process to take minutes instead of weeks. “Trusted transfers is one of the main challenges for any e-titling solution to succeed. Bringing these titles onto an Avalanche L1 brings full transparency and added security, and will allow vehicle owners to track and manage their pink slip titles digitally.” Reuters reports that the move places 42 million car titles ...

In this episode, we talked with Brandon Kumar, co -founder of Layer3, to discuss the innovative ways Layer3 connects users with blockchain protocols. Brandon delves into the origins, operations, and future prospects of Layer3, highlighting its unique approach to user engagement and token distribution within the Web3 ecosystem. Layer 3 recently raised $15 million from ParaFi, Greenfield Capital, and Electric Capital, totaling $21.2 million in funding. The audio transcription was done using GPT, and there might be errors. Please listen to the complete podcast: YouTube Brief Intro to Brandon & Layer3 My name is Brandon Kumar. I’m one of the co found ers at Layer3. A quick overview of my background: I began my career in the investment sector. So I worked at a firm called Accolade Partners, which is a large alternative asset manager. They’re actually one of the largest investors in venture capital broadly. So the firm is about, you know, at this point, 24 years old and had invested in ...

On July 26, 2024, Bitcoin Magazine , in collaboration with Metaplanet , announced the opening of a new office in Tokyo, Japan. This move was revealed during The Bitcoin Conference in Nashville, TN, highlighting a strategic expansion into a key international market. *Metaplanet to acquire exclusive license to launch Bitcoin Magazine Japan* pic.twitter.com/RflHe1jIYx — Metaplanet Inc. (@Metaplanet_JP) July 26, 2024 Bitcoin Magazine’s expansion into Japan underscores its commitment to reaching diverse global audiences and tailoring its content to meet local needs. Japan’s early adoption of Bitcoin and its supportive ecosystem for cryptocurrency makes it an ideal location for this venture. Strategic Partnership Metaplanet, a prominent Japanese tech company, has secured an exclusive license to operate Bitcoin Magazine Japan. This partnership will leverage Metaplanet’s local expertise and networks to engage deeply with the Japanese Bitcoin community. M...

Bitcoin is approaching the $70,000 mark, creating a buzz in the crypto market. With just a 6% gap from its all-time high, many are curious about the drivers behind this surge and its future implications. For instance, former President Trump has proposed creating a Bitcoin reserve, while Senator Cynthia Lummis envisions the U.S. Treasury acquiring 1 million Bitcoin. Meanwhile, economic factors like cooling inflation and potential Fed interest rate cuts are enhancing Bitcoin’s appeal. Additionally, institutional support is growing, with states like Michigan and Wisconsin investing in Bitcoin ETFs. With the U.S. presidential election approaching, regulatory shifts and global economic trends could impact Bitcoin and other cryptocurrencies.   Biggest Crypto Gainers Today – Top List Today’s roundup of top crypto gainers highlights Bitcoin SV, Echelon Prime, Arweave, and DeXe. Bitcoin SV leads with its scalable blockchain and recent 10.09% surge, showing strong long...

Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price a ctions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin. Related Reading Solana Set For 900% Rally With Breakout From This Pattern — Analyst 2 days ago The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency’s price. Price Momentum Flips Positive Crypto analyst Ali Martinez highlighted an intriguing phenomenon with the hash ribbon indicator on social media platform X. As noted by the analyst, the hash ribbon is signaling the end of miner capitulation, which suggests that ...