Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend […]
Deutsche Bank’s report questioned the sustainability of stablecoins, which are digital currencies whose values are tied to traditional currencies such as the dollar. A past study indicated that only 14% of currency pegs engaged out successfully. They argue that stablecoins share similar vulnerabilities and predict widespread failures. Tether did not agree with this story with […]
An analyst has explained why the recent high in Bitcoin has experienced different market conditions than those observed during the 2021 bull run peak. Bitcoin Liquidations Have Been Short-Dominated In Recent Market High In a new post on X, on-chain analyst Checkmate pointed out how the latest 2024 high achieved following the spot exchange-traded fund […]
Bitcoin price found support near the $60,600 zone. BTC is recovering but the bears might remain active near the $63,200 resistance zone. Bitcoin tested the $60,60 support zone and started a recovery wave. The price is trading near $63,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]
Arch Labs, an inventor of the Bitcoin-native software system Arch network, raised $7 million in a seed round led by Multicoin Capital. The first round of investment included Bullivant Portale Ventures, OKX Ventures, Big Brand Holdings, and others. This investment lays the foundation for Arch’s development and its mainnet launch, planned for the second half […]
BlockFi, a Crypto lender facing liquidation, just announced it will join forces with Coinbase via a partnership to allow for crypto withdrawal of eligible clients as part of its bankruptcy proceeding. BlockFi web platform will no longer be available anymore from May 2024. The exact date of operation ending will be communicated soon. This program […]
Bitcoin, the leading cryptocurrency, has recently been scrutinized by several analysts and traders as it struggles to maintain its market position. Michaël van de Poppe, a recognized figure in the crypto analysis sector, has recently expressed his concerns regarding Bitcoin’s current price trajectory. Bitcoin Risks Dropping to $52,000, Why? Taking to Elon Musk’s social media […]
Norway is on track to establish Europe’s first regulated data center industry, aiming to differentiate between socially beneficial centers and those that harm the climate through crypto-mining. This initiative involves creating separate categories for these centers. Trade and Industry Ministers Karianne Tung and Terje Aasland are pressing through new legislation that forces data centers to […]
Taiwan is becoming more strict with crypto service providers that are disobedient to anti-money laundering (AML) regulations. The Ministry of Justice suggests amendments which might lead to fines of up to $1.5 million and 5 year imprisonment on the companies that don’t stick to the rules. The proposed changes have been developed to minimize instances of fraudulent […]
Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust ETF (GBTC). Grayscale Exceeds Expectations Despite Outflows According to a shareholder letter from its […]