Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations.
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations.
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𝗫𝗥𝗣/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: XRP is building support within the 0.52 to 0.5682 key zone. Price must hold above this level to keep the bullish breakout structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirming the move unlocks targets up to 0.73, while a drop below 0.4571 invalidates the trade. Accumulate in the entry zone, then buy the bounce.
#XRP #CRYPTO
𝗖𝗵𝗮𝗿𝘁: XRP is building support within the 0.52 to 0.5682 key zone. Price must hold above this level to keep the bullish breakout structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirming the move unlocks targets up to 0.73, while a drop below 0.4571 invalidates the trade. Accumulate in the entry zone, then buy the bounce.
#XRP #CRYPTO
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Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings
The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the country.
The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the country.
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𝗕𝗔𝗟/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: Price is holding within the key 4.44 to 5.08 demand zone, which must hold to keep the bullish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: A successful defense targets 5.133 up to 17.5, while a daily close below 3.97 invalidates the setup. Accumulate the zone, then act.
#BAL #CRYPTO
𝗖𝗵𝗮𝗿𝘁: Price is holding within the key 4.44 to 5.08 demand zone, which must hold to keep the bullish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: A successful defense targets 5.133 up to 17.5, while a daily close below 3.97 invalidates the setup. Accumulate the zone, then act.
#BAL #CRYPTO
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𝗔𝗡𝗞𝗥/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: Price consolidates within the 0.0485 to 0.0506 demand zone. Holding this key level keeps the bullish structure intact.
𝗠𝗮𝗿𝗸𝗲𝘁: The bounce confirms targets from 0.0513 up to 0.060, while a break below 0.04641 invalidates. Buy the zone, then hold.
#ANKR #CRYPTO
𝗖𝗵𝗮𝗿𝘁: Price consolidates within the 0.0485 to 0.0506 demand zone. Holding this key level keeps the bullish structure intact.
𝗠𝗮𝗿𝗸𝗲𝘁: The bounce confirms targets from 0.0513 up to 0.060, while a break below 0.04641 invalidates. Buy the zone, then hold.
#ANKR #CRYPTO
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𝗕𝗧𝗖/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📉
𝗖𝗵𝗮𝗿𝘁: Price is distributing within the 70000-65500 resistance zone. Staying below the 72500 invalidation level keeps this bearish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirmed downside momentum targets the 51000 key support level, while a break above 72500 invalidates the trade. Reject the retest, then act.
#BTC #CRYPTO
𝗖𝗵𝗮𝗿𝘁: Price is distributing within the 70000-65500 resistance zone. Staying below the 72500 invalidation level keeps this bearish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirmed downside momentum targets the 51000 key support level, while a break above 72500 invalidates the trade. Reject the retest, then act.
#BTC #CRYPTO
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Arkham Intel finds wallets associated with Wisdomtree's Physical Bitcoin ETP WBIT
The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product (ETP) from the asset manager WisdomTree. "WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website.
The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product (ETP) from the asset manager WisdomTree. "WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website.
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Robinhood set to acquire crypto exchange Bitstamp in potential $200 million deal
Robinhood is set to acquire Bitstamp in a potential $200 million deal designed to better position the crypto and stock trading platform for expansion outside of the U.S. The cash deal is expected to close in the first half of 2025, according to a statement on Thursday, subject to customary closing conditions — including regulatory approvals — Robinhood said.
Robinhood is set to acquire Bitstamp in a potential $200 million deal designed to better position the crypto and stock trading platform for expansion outside of the U.S. The cash deal is expected to close in the first half of 2025, according to a statement on Thursday, subject to customary closing conditions — including regulatory approvals — Robinhood said.
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𝗪𝗔𝗫𝗣/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: Price is consolidating within the key 0.030 to 0.03475 demand zone. It must sustain this level to keep the bullish structure active.
𝗠𝗮𝗿𝗸𝗲𝘁: A solid bounce targets 0.050, whereas a break below 0.028 invalidates the setup. Accumulate in the entry zone, then wait for expansion.
#WAXP #CRYPTO
𝗖𝗵𝗮𝗿𝘁: Price is consolidating within the key 0.030 to 0.03475 demand zone. It must sustain this level to keep the bullish structure active.
𝗠𝗮𝗿𝗸𝗲𝘁: A solid bounce targets 0.050, whereas a break below 0.028 invalidates the setup. Accumulate in the entry zone, then wait for expansion.
#WAXP #CRYPTO
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𝗟𝗤𝗧𝗬/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: Price is consolidating in the 0.6064 - 0.7051 demand zone. Maintaining this key structure is crucial to keep the bullish bias valid.
𝗠𝗮𝗿𝗸𝗲𝘁: A successful hold triggers a move toward the 0.9000 target, while losing 0.5555 invalidates the setup. Accumulate in the zone, then target the breakout.
#LQTY #CRYPTO
𝗖𝗵𝗮𝗿𝘁: Price is consolidating in the 0.6064 - 0.7051 demand zone. Maintaining this key structure is crucial to keep the bullish bias valid.
𝗠𝗮𝗿𝗸𝗲𝘁: A successful hold triggers a move toward the 0.9000 target, while losing 0.5555 invalidates the setup. Accumulate in the zone, then target the breakout.
#LQTY #CRYPTO
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𝗭𝗘𝗖/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📈
𝗖𝗵𝗮𝗿𝘁: ZEC cleared the inverse cup and handle neckline. Holding above the $57.30-$56.00 support zone keeps this bullish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Price is primed to strike targets up to $80, with a close under $54 invalidating the trade. Buy the support retest, then hold.
#ZEC #CRYPTO
𝗖𝗵𝗮𝗿𝘁: ZEC cleared the inverse cup and handle neckline. Holding above the $57.30-$56.00 support zone keeps this bullish structure valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Price is primed to strike targets up to $80, with a close under $54 invalidating the trade. Buy the support retest, then hold.
#ZEC #CRYPTO
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🟠 Binance Labs Renamed YZi Labs
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Binance Labs, the venture arm of the world’s largest crypto exchange, rebrands to YZi Labs, expanding investments into AI and biotech. YZi Labs will be led by Ella Zhang, a Binance Labs co-founder, with CZ taking on a mentorship role for incubated projects.
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Binance Labs, the venture arm of the world’s largest crypto exchange, rebrands to YZi Labs, expanding investments into AI and biotech. YZi Labs will be led by Ella Zhang, a Binance Labs co-founder, with CZ taking on a mentorship role for incubated projects.
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New Android Malware 'Crocodilus' 🚨💻
Cybersecurity firm ThreatFabric discovered Crocodilus, a new malware targeting crypto users on Android. The malware uses screen overlays to trick users into thinking they must back up their crypto wallet keys within a limited time or lose access. In reality, it's a phishing tactic to capture sensitive wallet data and drain funds. Stay vigilant to protect your assets from this new threat.
Cybersecurity firm ThreatFabric discovered Crocodilus, a new malware targeting crypto users on Android. The malware uses screen overlays to trick users into thinking they must back up their crypto wallet keys within a limited time or lose access. In reality, it's a phishing tactic to capture sensitive wallet data and drain funds. Stay vigilant to protect your assets from this new threat.
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𝗘𝗣𝗜𝗖/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 📉
𝗖𝗵𝗮𝗿𝘁: EPIC broke down from a descending triangle structure. Price must hold below the $1.2696 - $1.2800 zone to keep this bearish setup valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirming this move targets $1.24, $1.21, and $1.14, while a break above $1.30 invalidates the setup. Reject the retest = continuation.
#EPIC #CRYPTO
𝗖𝗵𝗮𝗿𝘁: EPIC broke down from a descending triangle structure. Price must hold below the $1.2696 - $1.2800 zone to keep this bearish setup valid.
𝗠𝗮𝗿𝗸𝗲𝘁: Confirming this move targets $1.24, $1.21, and $1.14, while a break above $1.30 invalidates the setup. Reject the retest = continuation.
#EPIC #CRYPTO
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