Google releases production-ready Gemini 1.5 for developers

Google has launched Gemini 1.5 Pro and Flash models, offering developers improved performance at a reduced cost.

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How Ronin Forge is Empowering Crypto Game Studios: Sky Mavis Unveils First Batch of Grantees

Ronin Forge offers big opportunities, with the application for the next batch still open.

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Binance to Support Terra Classic (LUNC) Network Upgrade on September 18, 2024

Binance announces support for the Terra Classic (LUNC) network upgrade, affecting deposits and withdrawals temporarily on September 18, 2024. (Read More)

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Glassnode Enhances ERC-20 Token Analysis: Over 500 New Tokens Supported

Glassnode expands its ERC-20 token support, adding over 500 new tokens and introducing granular metrics for enhanced on-chain analysis of the Ethereum ecosystem. (Read More)

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Digital Chamber urges US crypto users to support new NFT bill

Crypto advocates urged Americans to help the industry flourish without "misapplied" securities regulations. 

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Glassnode Founders Say Bitcoin Crash To $37,000 Wouldnt Be A Bad Thing, Heres Why

Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldnt be sad about such a massive price decline for the flagship crypto.  Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they wont be mad about the price crash because it would give them an opportunity to buy more BTC at such low levels. The Glassnode co-founders wont hesitate to buy the dip as they are confident about Bitcoin reaching a new all-time high (ATH) in this market cycle.  Related Reading: Super Guppy Indicator Shows XRP Is Ready For A Surge To $99 In an earlier X post, they stated that Bitcoins next run-up to $70,000 will likely see it break its current ATH of $73,000, reached in March earlier this year. Happel and Allemann added that BTCs parabolic rally would be driven by a strong altcoin undercurrent, predicting that the altcoin season could occur soon enough.  The Glassnode co-founders could get their wish of Bitcoin dropping to $37,000 before hitting a new ATH as crypto Zoran Kole recently predicted an imminent price crash for the flagship crypto. Kole mentioned in an X post that he believes that the low $40,000 range is coming next for Bitcoin.  The analyst further highlighted a very clear Head-and-Shoulders pattern developing on Bitcoins chart, which showed that the flagship crypto could drop to as low as $36,000. He added that this bearish pattern coincides with a yearly open retest with a strong case for a bounce right below the current yearly low of $38,500. Kole revealed that breaking the weekly bearish market structure could invalidate this trade setup. That means Bitcoin needs to rise above $65,000 to confirm a bullish reversal. Crypto analyst Jelle also suggested that $65,000 is the level Bitcoin needs to break above to enjoy a parabolic rally to a new ATH.  BTC Breakout To Happen In Next Few Weeks Crypto analyst Rekt Capital has offered a more bullish outlook for Bitcoin, stating that history suggests the BTC breakout could happen in the next few weeks. He also revealed that Bitcoin is close to reclaiming the reaccumulation range and resynchronizing with post-halving price tendencies. This could lead to the parabolic uptrend, which the analyst had previously mentioned is the next stage of the halving cycle.  Related Reading: Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash In another X post, Rekt Capital indicated that it was important for Bitcoin to close this month above the quarterly level at $58,800. He stated that a close above this price level would fully confirm Bitcoins successful retest of this price range as support.  At the time of writing, Bitcoin is trading at around $58,400, down over 2% in the last 24 hours, according to data from CoinMarketCap.   Featured image created with Dall.E, chart from Tradingview.com

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Brazilian bank suspends native crypto token trading following 97% price drop

Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9.

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Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

A crypto analyst has pinpointed the $66,000 mark as a crucial level for the Bitcoin price and its trajectory over the coming weeks.  Bitcoin Price Needs To Climb Above $66,000 Heres Why Popular crypto pundit Ali Martinez took to the X platform to share an interesting on-chain observation for the price of Bitcoin. This [...]

The post Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News appeared first on Crypto Breaking News.

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Ubisoft is Developing Far Cry-Inspired Web3 Game on Arbitrum

Players can earn rewards while engaging with a familiar storyline inspired by Far Cry 3: Blood Dragon.

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1Password patches flaw in Mac version that could have created attack vector

The flaw consisted of missing interprocess validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface.

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Over $1B wiped out in crypto liquidations as global markets suffer

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

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Clash Releases New Single 'luv' on August 30

The musical artist Clash is set to release a new single titled 'luv' on August 30, according to Gala News. (Read More)

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clicOH Boosts Last-Mile Delivery Efficiency 20x with NVIDIA cuOpt

clicOH leverages NVIDIA cuOpt to achieve 20x improvement in last-mile delivery efficiency, addressing the vehicle routing problem with advanced AI and machine learning. (Read More)

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Crypto community slams WazirXs 'socialized losses' plan after hack

As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

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Crypto community slams WazirXs socialized losses plan after hack

As WazirX navigates a crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

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Bitcoin Price Surges Above $64,000 Heres The Resistance Level To Watch

The Bitcoin price performance has been uninspiring in the past week, mirroring the broader cryptocurrency market climate. However, the premier cryptocurrency seems to be ending the week on a high note following an unexpected Friday rally. The price of BTC appears to have received a breath of fresh air following Federal Reserve Chairman Jerome Powell’s Jackson Hole speech, finding its way above the $64,000 mark again with an almost 7% surge. The question now is how far can the Bitcoin price climb? Heres Why $66,250 Is A Crucial Level For BTC Prominent crypto analyst Ali Martinez took to the X platform to share an interesting prognosis for the Bitcoin price over the next few days. The relevant indicator here is the Glassnode UTXO Realized Price Distribution (URPD) metric, which monitors the amount of a particular cryptocurrency that was purchased at a given price level. Related Reading: Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals Typically, the likelihood for a price level to act as an on-chain support or resistance zone depends on the number of coins that have their cost basis at the specific level. For context, the cost basis of an investor refers to the original price (including the transaction fees) at which they acquired a coin or token. Price levels beneath the current spot value with substantial buying activity will likely act as support zones. On the other hand, levels above the current price could prove to be significant resistance areas. The chart below depicts the distribution of Bitcoin at different price levels surrounding the recent spot price of the coin.  Based on data from the highlighted chart, $64,045 and $66,250 seem to be the next crucial resistance levels to watch. While it appears that the Bitcoin price has flipped the $64,045 resistance wall, the $66,250 zone remains to be breached. According to data from Glassnode, nearly 382,000 coins were moved within the $66,250 price area. The last time BTC climbed above the $66,250 level, it traveled as high as the $70,000 mark before it encountered some resistance. It would be interesting to see how far the price of the premier cryptocurrency would go this time, especially considering that there is no major resistance wall above the $66,250 area based on the URPD indicator. Bitcoin Price At A Glance As of this writing, the price of Bitcoin is around the $64,000 mark, reflecting an almost 7% increase in the past 24 hours. This single-day performance has also shown on the weekly timeframe, with the flagship cryptocurrency climbing by nearly 10% in the past week. Related Reading: Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Heres The Roadmap Featured image from iStock, chart from TradingView

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Bitcoin short-term holders over-reaction a factor in BTCs drop below $50K Glassnode

Glassnode says short-term holders have carried the brunt of losses from Bitcoins recent drop below $50,000.

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Authors file copyright lawsuit against Anthropic for AI model training

The latest in a series of cases concerning copyright and AI looks at the sources Anthropic used to train its Claude large language models.

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Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals

Following a tumultuous start to the month, the cryptocurrency market has yet to shake off the early August blues. The story has not been very much different for the price of Bitcoin, which struggled to make an impact in the past week. With BTCs price almost 20% adrift of its all-time high of $73.737, there have been increased calls for the premier cryptocurrency to return to the bull market. Interestingly, a recent on-chain observation shows that Bitcoin has witnessed substantial bearish pressure in the past two years. Bitcoin Spot CVD Persists In The Negative What Does This Mean? In a recent post on the X platform, blockchain data company Glassnode revealed that the Bitcoin spot market has been experiencing a net-sell side bias over the past two years. This on-chain observation is based on the Spot Cumulative Volume Delta (CVD) indicator, which measures the net difference between buying and selling trade volumes.  Related Reading: MATIC Set For Rebranding In Early September: Will Polygon Prices Recover After Sinking 65%? The Spot CVD metric is used by investors to assess the current market sentiment. It offers detailed insight into whether the bulls or bears are the dominant market participants. Typically, a positive Cumulative Volume Delta value implies more buying pressure in the market, while a negative value suggests that the sellers are in control. According to the latest data from Glassnode, the yearly median CVD value has been bouncing between -$22 million and -$50 million over the past two years. This trend suggests a net sell-side bias, with selling volume overshadowing buying volume in the spot market for some time now. While the persistence of a net-sell side bias suggests investors offloading their coins rather than accumulating, it does not necessarily imply a bearish condition for the Bitcoin market. It rather spotlights a cautious approach by the investors, with an overall decline in spot demand of BTC. Although it is difficult to say how the spot Cumulative Volume Delta will shift over the coming months, the metric is one that investors should look out for. This is especially relevant because a return of CVD to positive values could signal an increase in Bitcoin spot market demand, which could be favorable for the Bitcoin price. BTC Price At A Glance As of this writing, the price of Bitcoin is slightly above the $59,000 mark, having increased by more than 2.5% in the past 24 hours. This recent momentum, though, is not enough to wipe off the coins loss on the weekly timeframe. According to data from CoinGecko, the Bitcoin price is down by more than 2% in the past week. Related Reading: Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline Featured image from iStock, chart from TradingView

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GalaSwap Introduces Enhanced Navigation and Direct Token Transfers

GalaSwap announces new updates, including improved navigation, direct token transfers, and NFT inventory viewing, to enhance user experience. (Read More)

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