Solana Coin Price Prediction for August 8: SOL is Steadily Rising in Value

In recent times SOL has been gradually building an upward trend. Yet the uptrend seems to keep moving on going by the activities on the Solana trading chart. With signs of additional volatility setting into this market, this crypto will likely experience additional upside thrust.

Solana Coin Forecast Statistics Data:
Solana Coin current price: $42.62
Solana Coin market cap: $14.9 billion
Solana Coin circulating supply: 348.3 million
Solana Coin total supply: 511.62 million
Solana Coin Coinmarketcap ranking: #9

Nevertheless, we will be giving critical consideration to this market versus the USD and BTC, through the use of trading indicators. Subsequently, we will draw some trading decisions from this analysis.

Important Marks:
Resistance levels: $38.00, $40.67, $42.71
Support levels: $40.70, $40.00, $36.00

Solana Coin Price Prediction: SOL Gathering Moderate Gain

The SOL/USD daily chart shows that Solana has been on a steady upward trend since around early last month. However, with … Read more

Celsius Network Update: Investors Turn to the Court for Assistance

Celsius Network, the formerly massive cryptocurrency financing organization, is embarking on bankruptcy proceedings. The network intends to defend itself against allegations that it was running a Ponzi scheme. It is believed that the network compensated early depositors with funds received from new members.

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Celsius, a cryptocurrency lender, has announced the delay of its second bankruptcy hearing. The network revealed the news via a tweet. According to reports, the postponement was caused by the unsecured creditors’ committee’s request for additional time. The hearing has been rescheduled until August 16.

Celsius Network Update

Celsius, a cryptocurrency lender that declared bankruptcy last month, is facing bankruptcy hearings. It’s attempting to refute allegations that it ran a Ponzi scheme. A Ponzi scheme is a type of scam that entices investors and rewards previous investors. Whereas rewards money comes from earnings from new investors deposit.

The Celsius … Read more

FLOW Rockets 42% as Flow Partnership with Instagram Begins Rolling Out

FLOW rockets 42% extending its previous session gains and drew some additional bids around the $2.82 level. FLOW, the Flow network’s native token, was regarded as the best-performing cryptocurrency among the top 30 cryptocurrencies by market cap. The coin has increased in value by 51.68% during the day compared to other significant cryptocurrencies. However, the reason for this could be attributed to the bullish crypto market, which tends to boost all cryptocurrencies. The cryptocurrency market is expected to end the week on a high note, having added more than 1% to its total value in the last 24 hours.

Flow Price Review & Tokenomics

The current FLOW price is $2.82, with a 24-hour trading volume of $1.3 billion. The volume was 51.68% higher than the previous day. Flow is now ranked #28 on the market, with a current market valuation of $2.9 billion. The total supply of FLOW coins is Read more

Jack Dorsey’s Block reports profits of $1.5B in the second quarter

The CEO of Block, Jack Dorsey, has reported a 29% increase in its year-on-year profits to $1.47 billion during the second quarter. However, the Bitcoin business of the digital payments firm recorded a dip following declining demand and a plunge in Bitcoin prices.

Block reports $1.5B profits in Q2 2022

Block said the Bitcoin revenue during the second quarter came in at $1.79 billion, a 34% decline YoY. On the other hand, Bitcoin’s gross profits were only $41 million, suggesting that it would be costly to offer Bitcoin services to its customers.

Block mainly generates Bitcoin revenues by offering Bitcoin trading services through Cash App. The financial services company said that the decline in Bitcoin revenues was caused by the broad uncertainty in the digital asset market.

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The company said that the YoY fall in Bitcoin revenues and gross profit was primarily … Read more

PeckShield says hackers drained $4.8M from the ZB.com exchange

PeckShield, a blockchain security company, reported that around $4.8 million worth of cryptocurrencies were transferred from ZB.com as the exchange announced it would suspend withdrawals.

PeckShield says hackers drained $4.8M from ZB.com

On Wednesday, PeckShield tweeted that hackers could be responsible for transferring 21 types of cryptocurrencies from the exchange. The draining for these assets started on Monday, with the assets affected, including Tether (USDT) and Shiba Inu (SHIB). The blockchain investigating company said the total funds transferred totaled around $4.8 million.

The suspected hack on these protocols came after the ZB.com exchange announced it would suspend deposits and withdrawals to respond to the failure of some primary applications. The exchange further warned that users should not deposit cryptocurrency before the price recovers.

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ZB.com claims to be the most secure cryptocurrency exchange globally. The exchange was founded in 2013 and existed under … Read more