GildCoin - Crypto News

2023-08-21 18:56:01 As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn

Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction activity on the Bitcoin network.

Fast forward to 8:15 a.m. Eastern Time on Monday morning August 21, 2023, a significant 25,620,164 Ordinal inscriptions now grace the Bitcoin blockchain. Just a day ago on Sunday, the network witnessed the minting of Ordinals spike to its second-highest volume ever with 411,511 inscriptions.

A recently published Dappradar report, which suggests a 97% drop in Ordinal inscription sales from their peak, has generated significant buzz and controversy. An X user, Trevor.btc, has questioned its accuracy. He cites data from Dune Analytics and Cryptoslam that show a decline of 67% to 68%.

In Trevor.btc’s words:

Did Ordinals speed-run a hype cycle? Absolutely. Is Ordinals volume down significantly compared to the peak? Yes. Could it go down further? Sure. But so what? The Ordinals market is no different than any other new asset in the space and no different from what we’ve seen on other NFT ecosystems. These things come and go in cycles.

Notably, NFT aficionado and founder of Ord, Leonidas, recently highlighted the substantial activity surrounding Ordinal inscriptions. Open / Comment

2023-08-18 18:50:09 Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster

The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October.

In recent weeks, a consortium of firms, including Valkyrie, Roundhill, Proshares, Grayscale, Vaneck, Volatility Shares, and Bitwise, have submitted applications to roll out ethereum (ETH)-based futures products.

While these insiders remained tight-lipped about potential approvals, there’s buzzing speculation that green lights might emerge in October. This anticipated move has been warmly received by ETH aficionados, who see it as a boon for the crypto world’s runner-up.

However, Thursday wasn’t all rosy for ETH. The cryptocurrency took a hit after Bitcoin’s abrupt plunge below the $26K mark. ETH diminished by 6% vis-à-vis the U.S. dollar in 24 hours and 9% over the week. Open / Comment

2023-08-18 17:00:03 Unleash the Power of Dexsport: Safe and Transparent Betting

Experience the future of betting with Dexsport! The cutting-edge Web3 platform operates on BNB Chain, Ethereum, Polygon, OKC, Avalanche, Arbitrum blockchains, offering you a secure and transparent betting experience.

Discover the Dexsport difference:
Lightning-fast transactions
No intermediaries or registration hassle
Instant payouts and no player blocking
A safe and transparent betting system

Join Dexsport today and be part of the revolution. Betting has never been this safe, transparent, and exhilarating. Don't miss out on the future of betting – get started now!

Try now: https://go.dexsport.io/go/f1d930c4 Open / Comment

2023-08-15 19:41:01 Biggest Movers: SOL Move to Multi-Week Highs on Tuesday

Solana was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Ton coin was another notable mover, rising for a sixth-straight day.

SOL/USD peaked at $25.24 during today’s session, which follows up from a low of $24.35 to start the week. This climb saw solana trade at its highest point since July 29, when price reached a high of $25.39.

The move came as the 10-day (red) moving average crossed over its 25-day (blue) counterpart.

Should upward momentum continue to intensify, the next target for traders will likely be around the $26.00 mark. Open / Comment

2023-08-12 18:36:02 Biggest Movers: SHIB Climbs to 4-Month High, as MemeCoins Rally on Saturday

Shiba inu surged to a multi-month high on Saturday, as the memecoin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch.

Following a low of $0.00001001 on Friday, SHIB/USD rallied to a peak of $0.00001127 earlier in the day.

The move came as SHIB surged for a fifth straight day, climbing to its strongest point since April in the process.

Looking at the chart, the latest rally occurred as the relative strength index (RSI) moved past a ceiling of 65.00.

Currently, price strength is at a reading of 74.27, with the next visible resistance zone at the 76.00 mark.

Should bulls hit this target, SHIB could possibly hit $0.00001200. Open / Comment

2023-08-09 19:08:02 Biggest Movers: SHIB 10% Higher on Wednesday, SOL Records 10-Day High

Shiba inu rose by as much as 10% during today’s session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday.

Following a low of $0.000009027 on Tuesday, SHIB/USD rallied to an intraday peak at $0.00001002 earlier in today’s session. This is the second straight price rise for SHIB, and it has pushed the coin to its highest level since Sunday.

As a result of the surge in momentum, the 14–day relative strength index (RSI) has now collided with a ceiling at 66.00. SHIB/USD is now trading at $0.000009749.

Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards $25.00. SOL/USD jumped to a high of $24.91 on Wednesday, a day after falling to a bottom at the $23.21 level.

Overall, this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the $25.00 ceiling. This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27.

In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above $25.00. Open / Comment

2023-08-09 16:00:05 Join our Exclusive Crypto Telegram Community!

Discover, Discuss, and Excel the Crypto World!

Join now: https://t.me/CoinGapeMediaCommunity

Don't miss out! Open / Comment

2023-08-06 19:52:02 Russia Recognizes Digital Currencies of Other Nations

The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of Russia’s own digital ruble.

The recognition of other central bank digital currencies (CBDCs), such as China’s digital yuan, for example, has been done through amendments to Russia’s federal law “On currency regulation and currency control” which entered into force on Aug. 1, the report details.

The update adds to the definition of foreign currency the text “issued in digital form by the national central bank of a foreign state.”

Russia’s digital ruble law also came into force on Tuesday. The legislation, which creates the legal basis for the introduction of Bank of Russia’s digital currency, was passed by both houses of parliament and signed by President Vladimir Putin in July. Open / Comment

2023-08-03 19:15:10 Biggest Movers: XRP, DOGE Bear Run Continues, Sending Prices to Multi-Week Lows

XRP was one of Thursday’s notable movers, as the token dropped to a multi-week low in today’s session. The decline comes as the global market cap fell by as much as 2% over the course of the day. Dogecoin also declined, falling for a third consecutive session.

XRP, formerly ripple, remained in the red during today’s session, as the price fell to a multi-week low.

Following a high of $0.6971 the day prior, XRP/USD slipped to an intraday low of $0.6589 earlier in the day. This is the weakest point that XRP has hit since July 13, when the token was trading below $0.4700.

That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security. Since then, sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.

At the time of writing, the index is tracking at 48.60, with the next visible point of support at 45.00. Open / Comment

2023-07-31 19:30:00 SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulse chain, and Pulsex

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings.

The SEC complaint alleges that beginning in December 2019, Heart offered and sold Hex tokens and promised investors incentives and bonuses while marketing Hex as a high-yield blockchain certificate of deposit. The SEC lawsuit states:

Through their actions, defendants Heart and Pulsechain violated, and unless enjoined will continue to violate, the antifraud provisions of the federal securities laws.

Additionally, the complaint alleges that between July 2021 and April 2022, Heart conducted unregistered offerings of investments called Pulsechain and Pulsex, allegedly urging investors to deposit crypto assets into public wallet addresses in exchange for tokens that would be delivered in the future.

The SEC states that the offerings from Hex, Pulsechain, and Pulsex were securities offerings that were not properly registered. Open / Comment