Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be "rugged."
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk
Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: “Lights out” at $28,000?
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp.
Amid an ongoing correction, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation.
Spot gold became the main risk asset beneficiary, climbing back above $2,000 on the day.
XAU/USD 1-hour candle chart. Source: TradingViewU.S. equities opened higher but subsequently reversed their uptick, with the S&P 500 and Nasdaq Composite Index down 0.6%.
DeFi driving zkSync growth as 1inch deploys on Ethereum layer-2 scaling platform
1inch Network is the latest decentralized Finance protocol to deploy on Ethereum layer-2 scaling platform zkSync Era.
What’s next for EU’s crypto industry as European Parliament passes MiCA?
What is the potential impact of MiCA on the EU crypto and blockchain market, and what other regulations can be expected for this rapidly evolving industry?
Bitcoin soccer club Real Bedford FC wins the league
"We’re the Bitcoin club. But as Bitcoin is, we're a community. So this is our team. And if we go up, everyone's going to be like, Yeah, that's our team!" chairman Peter McCormack told Cointelegraph.
Here’s how Ethereum’s ZK-rollups can become interoperable
Ethereum’s ZK rollups are engaged in a cutthroat competition. But they’ll need to join forces for Ethereum to win.
Here’s how Ethereum’s ZK-rollups can become interoperable
The past few weeks have seen a wave of zero-knowledge proof project launches, including Polygon’s zkEVM and Matter Lab’s zkSync Era on mainnet, and the Linea zkEVM from ConsenSys on testnet.
They join StarkWare’s long-running StarkEx solution and its decentralized cousin StarkNet along with a variety of other projects in development from Polygon (Miden, Zero, etc.) and Scroll.
They all promise faster and cheaper transactions to scale Ethereum using zero-knowledge proofs.
But is the brutal competition between ZK-rollups a zero-sum game where there can be only one winner? Or are we looking at a future in which lots of different rollups are able to work in harmony and interoperably?
Anthony Rose, head of engineering for zkSync, thinks the latter future is much more likely and predicts that one day, no one will think about which ZK-rollup they are on because it’ll all just be infrastructure.
Here’s how Ethereum’s ZK-rollups can become interoperable
Ethereum’s ZK rollups are engaged in a cutthroat competition. But they’ll need to join forces for Ethereum to win.
Here’s how Ethereum’s ZK-rollups can become interoperable
The past few weeks have seen a wave of zero-knowledge proof project launches, including Polygon’s zkEVM and Matter Lab’s zkSync Era on mainnet, and the Linea zkEVM from ConsenSys on testnet.
They join StarkWare’s long-running StarkEx solution and its decentralized cousin StarkNet along with a variety of other projects in development from Polygon (Miden, Zero, etc.) and Scroll.
They all promise faster and cheaper transactions to scale Ethereum using zero-knowledge proofs.
But is the brutal competition between ZK-rollups a zero-sum game where there can be only one winner? Or are we looking at a future in which lots of different rollups are able to work in harmony and interoperably?
Anthony Rose, head of engineering for zkSync, thinks the latter future is much more likely and predicts that one day, no one will think about which ZK-rollup they are on because it’ll all just be infrastructure.
Here’s how Ethereum’s ZK-rollups can become interoperable
The past few weeks have seen a wave of zero-knowledge proof project launches, including Polygon’s zkEVM and Matter Lab’s zkSync Era on mainnet, and the Linea zkEVM from ConsenSys on testnet.
They join StarkWare’s long-running StarkEx solution and its decentralized cousin StarkNet along with a variety of other projects in development from Polygon (Miden, Zero, etc.) and Scroll.
They all promise faster and cheaper transactions to scale Ethereum using zero-knowledge proofs.
But is the brutal competition between ZK-rollups a zero-sum game where there can be only one winner? Or are we looking at a future in which lots of different rollups are able to work in harmony and interoperably?
Anthony Rose, head of engineering for zkSync, thinks the latter future is much more likely and predicts that one day, no one will think about which ZK-rollup they are on because it’ll all just be infrastructure.
Here’s how Ethereum’s ZK-rollups can become interoperable
Ethereum’s ZK rollups are engaged in a cutthroat competition. But they’ll need to join forces for Ethereum to win.
Here’s how Ethereum’s ZK-rollups can become interoperable
Ethereum’s ZK rollups are engaged in a cutthroat competition. But they’ll need to join forces for Ethereum to win.
Foreign trade and pensions: What’s next for Russia’s CBDC project?
The Russian digital ruble pilot launch was delayed until at least May, but the government still hopes to kick off the currency in 2024.
A brief history of digital banking
Explore a brief history of digital banking, tracing its evolution from early automation to the integration of new technologies, such as IoT and blockchain.
Ethereum Name Service adds fiat payments for ENS domain registrations
Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.
Ethereum Name Service adds fiat payments for ENS domain registrations
Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.
Fireblocks VP: Big names won’t go back after discovering crypto payments’ potential
Ran Goldi, the vice president of payments at Fireblocks, believes that affordability and speed will keep big brands that have implemented crypto payments in the last two years.
Fireblocks VP: Big names won’t go back after discovering crypto payments’ potential
Ran Goldi, the vice president of payments at Fireblocks, believes that affordability and speed will keep big brands that have implemented crypto payments in the last two years.
Web3 interoperability highlighted in Radix - LayerZero partnership
Web3 interoperability integration between Radix and LayerZero, launching in the second half of 2023, enables cross-chain communication and asset transfers, unlocking omnichain functionality for DApps and assets.
Terra co-founder Do Kwon reportedly indicted for document forgery
While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea.