Blockchains rely on consensus mechanisms to verify transactions, but why does it matter if a network is proof-of-work (PoW) or proof-of-stake (PoS)? In this guide, we’ll break down PoW vs. PoS in simple terms, explaining how each method ensures blockchain security while addressing the pros and cons and features of each. Here’s what to know in 2024. In this guide: What is…
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In Brief Sui price is on the brink of falling below the key support at $2.03, possibly altering the ascending channel. The Bull Bear Power shows that bears are aggressively selling the altcoin, signifying a potential decline. The MACD on the daily chart shows bearish momentum, suggesting that SUI’s price could correct to $1.83. If…
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In Brief Ethereum holders transferred about 390,423 ETH to exchanges, valued at over $1 billion. Crypto whales also appears to be selling, according to on-chain data from IntoTheBlock. ETH’s price could drop to $2,440 as bears restrict a further uptrend for the cryptocurrency. The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion…
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In Brief XRP price remains stable with neutral RSI and modest buying activity, signaling an uncertain trend direction. Chaikin Money Flow turned positive at 0.08, reflecting slight accumulation but weak buying pressure overall. A potential bullish EMA crossover could break resistance if buying momentum strengthens in the coming days. Ripple (XRP) price has been relatively…
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In Brief FractureLabs sues Jump Trading, alleging manipulation of DIO token price during a 2021 market-making deal. Jump allegedly profited from a DIO price surge and crash, liquidating holdings for millions. The CFTC is investigating Jump’s cryptocurrency trading and investment practices. FractureLabs, a game developer, has filed a lawsuit against Jump Trading, accusing the firm…
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In Brief The total crypto market cap fell by $47 billion, dropping below $2.11 trillion and testing support at $2.08 trillion. Bitcoin’s price dropped to $60,947, but it holds above the critical $60,000 support level, with eyes on breaking $61,868. Aptos (APT) declined by 9%, trading at $8.42, with key support at $8.23. A recovery…
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In Brief The US Supreme Court has allowed the sale of 69,370 Bitcoin seized from Silk Road, worth around $4.4 billion. The appeal by Battle Born Investments, claiming ownership of the BTC, was rejected, solidifying government control. The US Marshal Service will oversee the sale, which could impact Bitcoin markets amid political speculation. …
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Editorial Note: The following content does not reflect the views or opinions of Godleak. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. OMNIA Protocol – an RPC provider specializing in decentralized physical infrastructures (dePIN), currently exceeding 6 million monthly…
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In Brief Notcoin (NOT) has seen a price drop despite the 13% surge in active addresses over the past week. NOT whales reduce holdings by 90%, triggering more selling pressure and potential further price decline. RSI suggests NOT is near oversold territory, but liquidity outflow threatens further price drops. Notcoin has witnessed a noticeable surge…
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In Brief Despite important happenings within the Ripple ecosystem, XRP’s price remains muted. Ripple’s announcement of XRPL smart contracts had no positive effect, with XRP’s price dropping 3%. Rising selling pressure and negative market indicators suggest further XRP devaluation toward $0.52 or $0.46. XRP’s strong correlation with Bitcoin (BTC) might be limiting its performance, as…
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