The post Notcoin Founder Discusses Future Plans On Games With Sustainable Models appeared first on Coinpedia Fintech News
Notcoin founder Sasha does not expect the button-master games to find long-term success. He believes that only the games with sustainable models can survive. As for the Notcoin, Sasha wants to move on from the clicker narrative and plans for the project to become independent of the team by building sustainable and efficient subsystems. Its …
The post Major Win For ETH; SEC To Close Investigation On ETH 2.0 appeared first on Coinpedia Fintech News
Consensys, in its recent statement on June 18th, announced a major win for Ethereum developers, technology providers, and industry participants who suffered due to SEC’s regulatory overreach and inconsistent positions on Ethereum. The enforcement division of the SEC has reportedly notified that it is closing its investigation on Ethereum 2.0. This decision follows a letter …
XRP price is struggling to gain bullish momentum above $0.50. The price must settle above $0.50 and $0.520 to start a steady increase in the near term. XRP price extended losses before it found support near the $0.4765 zone. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if it settles above the $0.50 resistance zone. XRP Price Holds Support XRP price failed to start a fresh increase and again reacted to the downside like Bitcoin. There was a move below the $0.4800 level, but the bulls were active near the $0.4765 level. A low was formed at $0.4765 and the price is now correcting losses. There was a move above the $0.4850 and $0.4900 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.5104 swing high to the $0.4765 low. It is now trading above $0.4850 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4980 level and the 61.8% Fib retracement level of the downward move from the $0.5104 swing high to the $0.4765 low. There is also a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.500. The next major resistance is near the $0.5020 level. A close above the $0.5020 resistance zone could send the price higher. The next key resistance is near $0.5200. If there is a clear move above the $0.520 resistance level, there could be a steady increase toward the $0.5320 resistance. Any more gains might send the price toward the $0.5500 resistance. Another Drop? If XRP fails to clear the $0.4980 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 level and the 100-hourly Simple Moving Average. The next major support is at $0.4850. If there is a downside break and a close below the $0.4850 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4765 low in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.4850 and $0.4765. Major Resistance Levels – $0.4980 and $0.500.
The post SEC Suspends its Investigation into Ethereum 2.0: Will This Be the Catalyst to Propell ETH Price to $4000? appeared first on Coinpedia Fintech News
A major win for the Ethereum developers as the US SEC suspends all its investigation into Ethereum 2.0. The SEC has earlier approved an investigation to examine the buy-sell-trade of individuals and entities. However, in a recent update shared by Cosensys, the blockchain development company behind Metamask, the SEC notified the company of the withdrawal …
The post Altcoins Are Preparing for a Major 30% Crash, Analyst Issues Grave Warning appeared first on Coinpedia Fintech News
Analyst Josh of Crypto World said that right now, a massive warning signal is still flashing on the Bitcoin chart, with the price continuing to decline from a critical area of resistance. Meanwhile, a new trading setup has been revealed on an altcoin chart. Considering these developments, and as long as we see net outflows, …
Bitcoin “Banana Zone” is on the horizon, but it will need to reverse these key metrics first to maintain a “sustainable recovery.”
On-chain data shows that Bitcoin has been seeing an exodus of investors recently, while the Ethereum network has continued to grow. Total Amount Of Bitcoin Holders Have Just Seen Largest Drop Since March According to data from the on-chain analytics firm Santiment, the Total Amount of Holders indicator has just seen its largest 3-day drawdown […]
Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too scary when considering the trend in the Unrealized Loss. The “Unrealized Loss” here refers to an on-chain indicator that keeps track of the total loss that addresses across the Bitcoin network are holding right now. This metric works by going through the transaction history of each coin in circulation to see what price it was last moved at. Assuming that this latest transaction was the last point at which the coin changed hands, the price at its time would reflect its current cost basis. Related Reading: XRP, Dogecoin, & Shiba Inu All See Negative Sentiment: Signal To Buy? If this cost basis is higher than the current spot price of the cryptocurrency for any coin, then that particular coin can be considered to hold a net unrealized loss currently. The Unrealized Loss subtracts the two values to calculate the magnitude of loss for every coin and then sums them up. Naturally, coins of the opposite type contribute towards the “Unrealized Profit” metric instead. In the context of the current discussion, the Unrealized Loss itself isn’t of interest, but rather a normalized form called the Relative Unrealized Loss. This metric divides the Unrealized Loss by the asset’s market cap. Below is a chart showing this Bitcoin indicator’s trend over the past decade or so. As is visible in the graph, the Bitcoin Relative Unrealized Loss peaked during the November 2022 bear market lows and has since been heading down. Recently, the metric’s value has been close to zero, implying the losses in the market have only been equal to a negligible percentage of the market cap. The reason behind these lows is the recent price surge towards the new all-time high (ATH). The entire supply becomes profitable during ATH breaks, so the Unrealized Loss shrinks to zero. The indicator naturally also fell to zero earlier in the year when the ATH took place, but the bearish price action since then has meant that some of the investors have gone back into losses. Interestingly, though, the indicator’s value has still been extremely low, implying that while some buying has occurred at the higher prices, it hasn’t been excessive. From the chart, it’s visible that spikes followed bull market tops in the past in the indicator, as only a small drop was enough to put all the latecomers chasing hype into a loss. That hasn’t been the case in the current cycle so far. Related Reading: Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head “It is hard for me to be too scared of Bitcoin price action when unrealized losses look like this,” notes Checkmate. The analyst also cautions that it could deteriorate from here, but it hasn’t happened yet. BTC Price Bitcoin has continued its recent bearish momentum during the past day as its price has now slipped to $64,500. Featured image from Dall-E, checkonchain.com, chart from TradingView.com
Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance. Ethereum is gaining pace from the key $3,365 support zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair formed a double-bottom pattern and gained pace above the $3,500 resistance. Ethereum Price Holds Key Support Ethereum price remained well-bid above the $3,350 support zone. ETH formed a base and started a fresh increase after it formed a double-bottom pattern near $3,350, as discussed yesterday. It outperformed Bitcoin and broke the $3,450 resistance. There was a clear move above the 50% Fib retracement level of the downward move from the $3,650 swing high to the $3,350 low. Besides, there was a break above a key bearish trend line with resistance near $3,460 on the hourly chart of ETH/USD. Ethereum is now trading above $3,450 and the 100-hourly Simple Moving Average. It is also showing positive signs for more gains above the $3,535 level. On the upside, the price might face resistance near the $3,580 level or the 76.4% Fib retracement level of the downward move from the $3,650 swing high to the $3,350 low. The first major resistance is near the $3,650 level. An upside break above the $3,650 resistance might send the price higher. The next key resistance sits at $3,720, above which the price might gain traction and rise toward the $3,750 level. A clear move above the $3,750 level might send Ether toward the $3,880 resistance. Any more gains could send Ether toward the $4,000 resistance zone in the coming days. Another Decline In ETH? If Ethereum fails to clear the $3,580 resistance, it could start another decline. Initial support on the downside is near $3,500. The first major support is $3,450. A clear move below the $3,450 support might push the price toward $3,350. Any more losses might send the price toward the $3,220 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,450 Major Resistance Level – $3,580
The post SEC Confirms Ether as Commodity, Ends Investigation appeared first on Coinpedia Fintech News
Consensys announced a major win for Ethereum developers, technology providers, and industry participants who suffered due to SEC’s regulatory overreach and inconsistent positions on Ethereum. The enforcement division of the SEC has reportedly notified that it is closing its investigation on Ethereum 2.0. This decision follows a letter sent by Consensys on June 7, asking …
The post SEC Closes Ethereum Investigation, Affirms ETH as Commodity appeared first on Coinpedia Fintech News
The SEC has officially closed its investigation into Ethereum, confirming that ETH sales are not securities transactions. This decision follows a letter from ConsenSys asking the SEC to affirm Ether’s status as a commodity after the May ETF approvals. ETHEREUM SURVIVES THE SEC.Today we’re happy to announce a major win for Ethereum developers, technology providers, …
The post Top reasons behind the recent altcoin flash crash appeared first on Coinpedia Fintech News
Analyst Connor Kenny finally addressed the question on everyone’s mind: why were altcoins dropping so sharply in this market? What’s happening with Bitcoin, and is there any opportunity left to capitalize on? He explained that Bitcoin has recently hit its lower support level, which is crucial to hold for a bullish outlook. He said that …
Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more downsides below the $64,000 support zone. Bitcoin Price Dips Further Bitcoin price remained in a bearish zone after it settled below the $66,500 resistance zone. BTC extended losses and traded below the $65,000 level. There was also a dip below $64,500. A low was formed at $64,050 and the price is now correcting losses. There was a minor recovery above the $64,500 level. The price climbed above the 23.6% Fib retracement level of the downward wave from the $67,255 swing high to the $64,050 low. Bitcoin is now trading below $65,500 and the 100 hourly Simple moving average. There is also a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair. On the upside, the price is facing resistance near the $65,500 level and the trend line. The first major resistance could be $65,650 or the 50% Fib retracement level of the downward wave from the $67,255 swing high to the $64,050 low. The next key resistance could be $66,000. A clear move above the $66,000 resistance might start a decent increase and send the price higher. In the stated case, the price could rise and test the $66,500 resistance. Any more gains might send BTC toward the $67,500 resistance in the near term. More Losses In BTC? If Bitcoin fails to climb above the $65,400 resistance zone, it could start another decline. Immediate support on the downside is near the $64,800 level. The first major support is $64,200. The next support is now forming near $64,000. Any more losses might send the price toward the $63,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $64,500, followed by $64,000. Major Resistance Levels – $65,400, and $66,000.
Tap Global said it's eliminated regulatory risk it may face, "as long as we don't do anything completely stupid or illegal or fraudulent."
Recent reports reveal a surge in fraudulent activities within the crypto space, ranging from fake websites featuring fabricated team members to misleading press releases about fundraising and partnerships with prominent industry players. As the crypto market experiences a resurgence and attracts retail and institutional investors, the risk of falling victim to these scams is higher […]
The SEC’s enforcement division said it’s closing its investigation into Ethereum, though Consensys says the fight isn’t over yet.
A crypto analyst has shed light on the performance of meme coins and altcoins in the upcoming bull run. He has labeled popular meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI, as “Dino Coins,” emphasizing that these tokens could potentially skyrocket during the altcoin season. Dogecoin, Meme Coins Expected To Lead Altcoin Season […]
The crypto industry has been a crucial topic in the electoral campaign for the November US presidential elections. This year, presidential candidates have embraced cryptocurrencies to obtain the industry’s support. As a result, the community has capitalized on the momentum with Memecoins. Related Reading: Flocka Fiasco: Waka Flocka Flame’s Crypto Launch Crashes Into Insider Trading Scandal PolitiFi tokens, a new memecoin category inspired by political figures, have performed remarkably this Q2. Trump-inspired tokens have been the talk of the town after the Republican candidate started endorsing cryptocurrencies. However, these memecoins have suffered a massive 30% drop in the last 24 hours. An Official DJT Token? On Monday, Pirate Wires’ X account announced the launch of an alleged official ‘Trump Coin.’ According to the report, the token is supposedly led by Trump’s 18-year-old son, Barron Trump. “Per conversations, Trump is Launching an official token – $DJT on Solana, Barron spearheading,” read the post. Mike Solana, CMO at Founders Fund and editor-in-chief at Pirates Wires, shared a smart contract address seemingly linked to the token. Additionally, he stated he was “just reporting” on what he knew “via sources” and that he “didn’t speak with Trump directly.” Similarly, Martin Shkreli claimed the DJT token is real on an X Space. He later maintained his position, highlighting the “confirmation” from a friend of Barron Trump. In a post, the 17-year-old stated, “$DJT IS THE ONLY REAL TRUMP TOKEN.” However, the crypto community remains skeptical about the authenticity of the memecoin. Several users highlighted various red flags surrounding the “official” token, including the DJT’s X Account. A user pointed out that the official X account has a “strange” following list. This list includes the controversial figure Andrew Tate, American streamer Adin Ross, and Shkreli. Moreover, crypto analytics firm Bubblemaps revealed that 67% of the token’s supply was in one cluster. Raydium Concentrated Liquidity is the largest holding, accounting for 43% of the supply. Many community members expressed their concerns with humor. Some users suggested that serial scammer Sahil Arora, responsible for several celebrity memecoins rugs, orchestrated the token launch. Others wondered if the inconsistencies of the launch made it “more or less likely” that it was a business venture from the Trump family. At the time of writing, no official sources have confirmed Trump’s involvement with the DJT token. Trump Memecoins Plummet Over a month ago, the former US president declared he was “fine” with cryptocurrencies and wanted to make it a “solid” industry with clear regulations. At the time, Trump-inspired memecoins soared over 63% following his declarations. Additionally, the PolitiFi sector surged, with tokens like BODEN increasing by nearly 30%. Nonetheless, the story is different this time as the rumors of an official Trump token negatively impacted the performance of the memecoins. The PolitFi tokens report a 30% decline in the last 24 hours, with a market capitalization of $1.03 billion. Trump-related tokens took the biggest hit in the sector. Many dropped between 20% and 30% on the last day. MAGA (TRUMP), the largest token related to the former US president, saw its price decline by nearly 50% in four hours. Related Reading: ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program Following the “Trump coin” rumors, TRUMP dropped from the $10.8 to the $5.6 price range before recovering below the $7 mark. As of this writing, the token is trading at $6.94, a 38.7% retrace in the past 24 hours. Similarly, Trump Mania (TMANIA), Super Trump (STRUMP), and Doland Tremp (TREMP) have suffered a 35.2%, 20%, 37.6% price decline. Featured Image from Unsplash.com, Chart from TradingView.com
It comes amid $1.7 million in Polymarket bets on whether Donald Trump or his family members are behind the DJT token.
The SEC has closed its investigation into Ethereum 2.0, confirming ETH is not a security and will face no charges.
The post The SEC closes investigation into Ethereum 2.0, no securities charges against ETH: Consensys appeared first on Crypto Briefing.
The massive selloff on June 17 caused $455 million in liquidations across assets. The effects of the selloff were felt beyond just the altcoin market, with Bitcoin and Ethereum both seeing notable losses in the past 24 hours. The impact on the DeFi market was particularly pronounced, with the TVL dropping from $104.123 billion to […]
The post Altcoin selloff wipes out $4.9 billion in DeFi TVL appeared first on CryptoSlate.
In a significant development within the cryptocurrency industry, asset manager Hashdex recently submitted an application to the US Securities and Exchange Commission (SEC) for a combined spot Ethereum and Bitcoin ETF. Ethereum And Bitcoin ETF Merge? Bloomberg ETF expert James Seyffart noted that Hashdex’s proposed ETF would be market cap-weighted and could potentially accommodate additional digital assets as they gain approval from the SEC. Related Reading: Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback Hashdex already operates a successful crypto index ETF in Brazil, known as HASH11, which primarily consists of Bitcoin and Ethereum, making it a logical step to introduce a similar offering to the US market, according to Seyffart. Notably, the filing with the SEC states that Hashdex plans to use the services of at least two custodians, Coinbase and BitGo, to ensure the safe storage of the underlying assets. While spot Ethereum ETFs in the US are yet to receive full approval from the SEC, Bloomberg analyst Eric Balchunas has suggested an estimated launch date of July 2nd based on minor feedback received by issuers. This development indicates that the SEC’s review process for spot Ethereum ETFs is nearing completion, setting the stage for potential market expansion and increased investment opportunities. Hashdex’s decision to launch a joint Ethereum and Bitcoin ETF aligns with their belief that as cryptocurrencies gain mainstream acceptance, new assets will emerge to disrupt the market share of Bitcoin and Ethereum. Crypto Indices In a recent blog post analyzing the current state of the market, the asset manager explained that by offering a diverse basket of crypto assets through an index-based approach, Hashdex aims to provide investors with exposure to the growth potential of these alternative digital assets. The asset manager’s success in Brazil, where crypto index ETFs have surpassed single-asset products, underscores the benefits of diversification and regulated ETF structures. Hashdex anticipates this trend to expand to Europe and eventually the US, as “evolving regulations” and growing demand from professional investors and wealth managers favor diversified exposure. Related Reading: Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000 Hashdex believes that crypto indices offer several advantages for investors, including risk mitigation, transparency, standardization, and a time-tested methodology. The Hashdex blog post further reads: The crypto market remains a complex landscape prone to volatility, and this will not change any time soon. Identifying individual winners and losers has always been a challenge in traditional markets, and becomes even more so with an emerging asset class like crypto. However, crypto indices offer a standardized approach to capturing overall market performance, serving as a guidepost in the ever-evolving digital asset landscape. Ultimately, Hashdex’s filing for a joint Ethereum and Bitcoin ETF signifies a pivotal moment in expanding the accessibility of crypto investments. With the potential approval of spot Ethereum ETFs and the increasing adoption of diversified crypto index strategies, the stage is set for a brighter future for investors seeking exposure to the digital asset space. As of this writing, the largest cryptocurrency on the market, Bitcoin, continues its downward trend, falling 3.3% in 24 hours, resulting in a current trading price of $64,600. Featured image from DALL-E, chart from TradingView.com
A local Chinese bank, the Bank of Huludao, has recently discovered an “intricate embezzlement” and money laundering scheme via crypto orchestrated by two of its top former executives. The scandal, which has sent ripples through the financial community, involved the illicit transfer of a staggering 1.8 billion yuan (approximately $248 million). This discovery highlights the […]
Republican US presidential candidate Donald Trump pledged to “end Joe Biden’s war on crypto” at a rally in Racine, Wisconsin, on June 18. Trump said he aims to “ensure that the future of crypto and the future of Bitcoin will be made in America.” He warned that other countries will seize the opportunity if the US […]
The post Trump reaffirms pledge to end Biden’s ‘war on crypto’ at Wisconsin rally appeared first on CryptoSlate.
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax.
Shiba Inu has received another bullish prediction from a crypto analyst, highlighting the expectations that the meme coin is far from done. This time around, a crypto analyst has predicted a notable surge in the SHIB price, with the expectation that it will reach a new all-time high by the time the rally is complete. Shiba Inu Poised For New All-Time Highs In an analysis posted on X (formerly Twitter), crypto analyst Javon Marks has shared a rather bullish expectation for the Shiba Inu price. Marks, who has been quite vocal about his support for the coin, continued into the new week, predicting a new all-time high for the meme coin. The crypto analyst reveals that the Shiba Inu price had been trading inside of a small Bull Flag pattern. However, the meme coin has been able to break out of this bull flag pattern and could see a rally as a result of this development. As the crypto analyst explains, “this breakout may be enough to spark another major wave up in an already massive uphill run!” The major reason why this breakout is important is where the price could end up as a result. For one, the crypto analyst sees the price reaching its current all-time high above $0.000081 for a start. Then, if the rally were to continue from here, Marks expects SHIB to rise as high as $0.00015. The initial target would constitute an over 300% increase in price. However, the “larger breakout” which the analyst expects is on the horizon, is more important, bringing an over 800% increase in price if it comes to pass. “A break above $0.000081 and SHIB may just be set for another +90% move to $0.0001553,” Marks said. Being Bullish On SHIB The latest Shiba Inu analysis from crypto analyst Javon Marks is only the latest in a long line of bullish predictions that he has made for Shiba Inu. Marks’ thread goes as far back as September 2023, and since that time, the SHIB price has risen more than 200%. Despite the notable price increases since the first analysis was posted, the crypto analyst believes that the meme coin is far from done. The previous analyses also reiterates this point, expecting a continuation of the rally until its breaks out to $0.000081. Presently, the Shiba Inu price is still struggling against bearish crypto market headwinds after the Bitcoin price crashed to $66,000. It is down 9.42% in the last day alone, and struggling against 18.16% losses on the weekly chart as well. Featured image created with Dall.E, chart from Tradingview.com
LandBridge is seeking to raise $319 million through an initial public offering (IPO) in the United States, targeting a valuation of $1.6 billion. While the IPO piqued interest—dominating headlines—Matthew Sigel, the Head of Digital Assets at VanEck, noted that LandBridge, quoting an unnamed official, is keen on tapping into opportunities presented by Bitcoin mining activities. […]
What is zero-knowledge proofs? Discover how ZKPs offer a privacy-preserving solution for Web3 and real-world asset verification.
The post What is zero-knowledge proofs? Understanding our digital shields appeared first on Crypto Briefing.
Graphics processing and AI giant Nvidia provides roughly 80% of the artificial intelligence chips used in high-end data centers.
VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. Sigel said in a social media post on June 18 that hedge funds are strategically positioning themselves as they actively anticipate […]
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