🚀 Bitcoin soaring again!
🚀 Bitcoin soaring again!
Welcome to the Daily Tribune Thursday, May 16, 2024 ☕️
Hello Cointribe! 🚀
Today is Thursday, May 16, 2024, and like every day from Tuesday to Saturday, we summarize the news of the past 24 hours that you shouldn't have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Ensoleillé ☀️
24h crypto recap! ⏱
🚀 Bitcoin explodes again
Bitcoin experienced a significant increase last night, influenced by its recent integration into pension funds and the growing adoption of Bitcoin ETFs by financial institutions. This adoption represents a major change, signaling the recognition of Bitcoin as a viable investment asset. The latest US economic figures released yesterday also undoubtedly supported this impressive BTC recovery. Read full article.
🔒Severe sanction for a crypto developer
Alexey Pertsev, the developer behind Tornado Cash, has been sentenced to over 5 years in prison in the Netherlands for money laundering, as his tool was used to launder $1.2 billion. This decision raises a significant controversy about the responsibility of open source code developers, especially when their creation is being used for malicious purposes by third parties. This conviction sets a worrying precedent, threatens the freedom of decentralized software developers, and could have profound implications for the crypto community as a whole. Read full article.
⏳ Bitcoin in crisis: Key developer sounds the alarm
Matt Corallo, a prominent Bitcoin Core developer, expresses concerns about the future of Bitcoin, pointing out increasing centralization and tensions within the community. He criticizes the network's reliance on centralized intermediaries, which could make it vulnerable to restrictive regulations. Corallo warns against reducing Bitcoin to a mere speculative asset and calls for mobilization to preserve its nature as a decentralized and free means of payment. Read full article.
🌐 MetaMask: A revolution in Ethereum transactions
Consensys has introduced Smart Transactions on MetaMask, promising safer, faster, and more cost-effective Ethereum transactions. This new feature aims to improve the user experience by increasing transaction success rates and reducing associated costs. It also protects against MEV attacks, such as front-running. With a 99.5% success rate during beta testing, Smart Transactions could significantly change the way transactions are handled on Ethereum, offering more privacy and control to users. Read full article.
Crypto of the day: Boba Network (BOBA)
Boba Network is a blockchain that stands out for its innovation in "Layer 2" solutions, allowing increased scalability for Ethereum by reducing transaction costs and processing times. The project brings significant added value by improving transaction efficiency and providing a better user experience.
The native crypto of this network, BOBA, mainly serves as a governance and staking token, giving holders the right to vote on network improvement proposals. BOBA was initially distributed through an airdrop to users of its Layer 2 solution, thus reinforcing its commitment to a decentralized and active community. BOBA holders not only benefit from transaction fee discounts but also have the opportunity to participate in key decisions shaping the future of the network. Additionally, the token can be used to pay for transaction fees on the network, making its use practical and integrated into its ecosystem.
Recent Performance
Current Price: €0.348
Percentage Increase/Decrease: 3.89% increase in one day
Market Cap: €59,807,865
CoinMarketCap Rank: #560
Technical analysis of the day: Ripple (XRP)
XRP, the cryptocurrency behind Ripple, has been going through a period of consolidation since July 2023, marked by fluctuations between highs and lows without a clear breakthrough. Recently, after reaching a peak of $0.93, XRP underwent a correction, falling back to its support at $0.47 without surpassing the last high, stabilizing around $0.73. Currently trading at $0.52, XRP is in the lower range of its fluctuation and shows signs of strong buying interest, although it remains below the 50 and 200-day moving averages, raising doubts about the continuation of its upward trend.
Technical analysis reveals a possible rebound, with oscillators indicating a resurgence of buying activity. However, open interest and funding rates on XRP/USDT derivative contracts show restraint, reflecting a period of indecision among investors. The current zone around $0.51 is critical, marking a significant liquidation zone where a move toward $0.63 could trigger high order volume and increased volatility. If XRP maintains its position above $0.47, it could reach higher levels like $0.62, but a failure to hold this threshold could see the price fall back to $0.40.
