The head of Reddit’s Collectible Avatars (RCA), a Reddit Non-fungible token (NFT) collection, said she’s unsure of the current direction for the RCA program after announcing her departure from the company in a Jan. 6 LinkedIn post . “I think my departure is simply a reflection of the natural shifts that happen in major companies like X and Meta as they navigate emerging technologies and evolving priorities,” Wyler said in an interview with The Defiant. “While I’m unsure of the current direction for the RCA program, I’m confident that Reddit will continue to do good by its community—the true driving force behind everything the company builds.” A Reddit employee who asked to remain anonymous as they are not authorized to speak publicly said RCA “remain an area of interest” for Reddit and that the company is actively recruiting for Wyler’s replacement after “recently expanding the scope of the role.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
On January 9th, COINOTAG News disclosed significant developments in the cryptocurrency landscape, particularly regarding Backpack and its involvement with FTX EU. Following a court-review incident revealing that FTX’s acquisition in
Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level. Bitcoin started a fresh decline from the $97,500 resistance zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Below $95K Bitcoin price failed to start a recovery wave above the $98,000 resistance . BTC remained in a short-term bearish zone and extended losses below the $96,500 level. There was a clear move below the $95,000 support zone. The price even traded below $93,200. A low was formed at $92,501 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $102,760 swing high to the $92,500 low. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $95,000 level. There is also a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair. The first key resistance is near the $96,500 level. A clear move above the $96,500 resistance might send the price higher. The next key resistance could be $97,500 or the 50% Fib retracement level of the recent decline from the $102,760 swing high to the $92,500 low. A close above the $97,500 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance level. Any more gains might send the price toward the $100,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $93,500 level. The first major support is near the $92,500 level. The next support is now near the $92,000 zone. Any more losses might send the price toward the $91,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $93,500, followed by $92,500. Major Resistance Levels – $95,000 and $96,500.
Ethereum Layer 2 StarkNet has released a new software called SN Stack that allows developers and users to build custom blockchains, according to a Jan. 8 X post . “At StarkWare, we’ve seen teams across the globe reach out asking to use technology underlying Starknet STARK-based ZK-rollups to build their own chains,” said Leo Sizaret, Business Development Manager at StarkWare (Isreal-based blockchain firm that developed Starknet) in the X post. “Now, after years of battle-testing our technology, StarkWare is making its technology stack publicly available. Now, any team can build and run their own chain with ease on the StarkWare stack,” Sizaret said. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
A dinner between Ripple’s leadership and President-elect Trump has sparked speculation that Ripple’s legal battle with the SEC may soon conclude, potentially reshaping crypto regulation. Ripple’s Trump Meeting Could End SEC War – Is XRP About to Skyrocket? Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with President-elect Donald
The sale of seized Bitcoin could impact cryptocurrency markets and set precedents for handling digital assets in legal contexts. The post DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road appeared first on Crypto Briefing .
The US Department of Justice has received approval to liquidate approximately $6.5 billion in Bitcoin, associated with the notorious Silk Road case. This substantial amount, resulting from the federal agency’s
Benjamin Cowen links Bitcoin’s price to historical QQQ ETF performance. The potential for Bitcoin’s volatility requires investor caution and risk management. Continue Reading: Benjamin Cowen Predicts Bitcoin’s Path Based on QQQ ETF History The post Benjamin Cowen Predicts Bitcoin’s Path Based on QQQ ETF History appeared first on COINTURK NEWS .
According to recent insights from Blocktrends Research Director Cauê Oliveira, following an impressive surge to an all-time high at the close of 2024, Bitcoin witnessed a notable decline as institutional
POPCAT [POPCAT] faces significant downside pressure, with projections indicating a potential drop of 42% to the $0.38 support level amidst market volatility. The current bearish sentiment is exacerbated by a