The post Robinhood Europe Launches PEPE Token Airdrop Campaign appeared first on Coinpedia Fintech News
Robinhood Crypto Europe has announced a PEPE token giveaway for its users. This campaign starts on May 29 and ends on June 2, 2024, offering new customers in specific jurisdictions 500,000 PEPE tokens. To qualify, users must sign up and receive approval for a Robinhood Europe account during the giveaway period. PEPE, an ERC20 token, …
The post Mastercard Launches Crypto Credential for Seamless Blockchain Transactions appeared first on Coinpedia Fintech News
Mastercard has launched its Mastercard Crypto Credential, which enables blockchain transactions between corridors in Latin America and Europe. This initiative was announced in 2023 at the Consensus conference and is marked as its first real-world application with P2P (pilot-to-pilot) transactions. Additionally, the Crypto Credential strives to simplify and verify interactions between blockchains, allowing users to …
The crypto market is buzzing with the recent approvals of Ethereum ETFs, stirring discussions and speculations among investors and analysts alike. Since the approval of the spot Ethereum ETF last week, Ethereum has only recorded a surge to as high as $3,959 so far, before now retracting to a current trading price of $3,757. Although […]
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
The post PayPal’s PYUSD Stablecoin on Solana to Feature Confidential Transfers appeared first on Coinpedia Fintech News
PayPal has deployed its PYUSD stablecoin on Solana, which was previously available only on Ethereum. The new feature, “confidential transfers,” was announced on May 29, aiming to allow merchants to keep their transaction amounts confidential for consumers while still being visible for regulatory purposes. This functionality strengthens Solana’s existing capabilities by improving speed and token …
The post Crypto Becomes U.S. Election Issue: Cathie Wood Explains Sudden SEC Approval of Ethereum ETFs appeared first on Coinpedia Fintech News
In a revealing interview with Peter McCormack, host of the What Bitcoin Did podcast, ARK Invest CEO and CIO Cathie Wood made headlines by declaring that cryptocurrency has become a pivotal issue in U.S. politics. Wood suggested that this political shift was a key factor in the U.S. Securities and Exchange Commission’s (SEC) unexpected approval …
The post Crypto Becomes U.S. Election Issue: Cathie Wood Explains Sudden SEC Approval of Ethereum ETFs appeared first on Coinpedia Fintech News
In a revealing interview with Peter McCormack, host of the What Bitcoin Did podcast, ARK Invest CEO and CIO Cathie Wood made headlines by declaring that cryptocurrency has become a pivotal issue in U.S. politics. Wood suggested that this political shift was a key factor in the U.S. Securities and Exchange Commission’s (SEC) unexpected approval …
The post Robinhood Nears Settlement Over 2021 Meme Stock Trading Halt appeared first on Coinpedia Fintech News
Trading platform Robinhood is soon to settle a lawsuit with its investors, who claimed to have incurred damages from its 2021 halt on meme stock trading, which includes GameStop. On May 28, Robinhood’s lawyers informed a federal court in Miami that the settlement of this case is almost complete, expecting a resolution within two weeks. …
Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.
The post Bitcoin Consolidation Continues: Is the BTC Price Preparing for a Huge Move? appeared first on Coinpedia Fintech News
The crypto markets are fluctuating within a narrow range as the traders appear to be a little unclear about the upcoming price action. The sluggish trend of market capitalization has also been hovering sideways, suggesting less participation from bulls and bears. However, Bitcoin’s (BTC) price has managed to withstand the selling pressure, as the rally …
Buterin said Ethereum layer 2s have become “the ultimate playing field for action” from institutional profit-oriented groups and people buying pictures of monkey NFTs.
Crypto gambling platform ZKasino is again in the spotlight after returning to the community to announce the refund to affected users. The now-disgraced platform was in the news over a month ago after allegedly stealing $33 million from investors. Related Reading: Hong Kong Announces Inspection Of Crypto Platforms’ Offices As Licensing Deadline Nears ZKasino Returns […]
On-chain data shows the Bitcoin Coin Days Destroyed (CDD) has reached a new all-time high (ATH). Here’s what could be behind this trend. Bitcoin CDD Has Just Observed A Spike Larger Than November 2018 As pointed out by CryptoQuant community manager Maartunn in a post on X, the BTC CDD has just witnessed a huge […]
Bitcoin’s price has sat in the "boredom zone" for over a month, leaving traders guessing about a potential surge or retracement.
The post Solana Memecoin MEW Partners with LOCUS Animation Studio To Create New 3D Animated Series appeared first on Coinpedia Fintech News
MEW aims to become a worldwide entertainment and retail brand with a new 3D animated series. MEW, a leading cat-themed token on the Solana blockchain, partners with animation studio LOCUS to create a new 3D animated series. It is the first worldwide entertainment brand and retail product line started by a memecoin community. LOCUS produces …
Fidelity's spot Ethereum fund is now listed on DTCC under ticker $FETH following SEC's approval of multiple Ethereum ETFs.
The post Fidelity’s Ethereum spot ETF listed on DTCC under ticker $FETH appeared first on Crypto Briefing.
Mt. Gox, the defunct Bitcoin (BTC) exchange that suffered a major collapse in 2014 has recently initiated payout distribution to creditors waiting for it. The release of a substantial amount of BTC, equivalent to $9.4 billion, on May 27th has raised concerns about potential market liquidity and price stability. In response, the on-chain market intelligence platform CryptoQuant has provided an analysis of the potential impacts of this development. Potential Market Effects According to the firm’s analysis, 138,000 Bitcoin moved significantly from Mt. Gox in seven transactions, each worth 4,000 to 32,000 Bitcoin. Initially, these funds were transferred to a single address and distributed to three separate addresses, each holding 47,400 Bitcoin. It is important to note that these addresses remain under the control of Mt. Gox’s Rehabilitation Trustee, and no repayments to creditors have been made as of yet. The consolidation of these funds suggests that the Trustee is actively preparing for future repayments by the Rehabilitation Plan. Related Reading: ‘Solana Is For Baddies’: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy At present, transfers within the Trustee-controlled addresses have not impacted the market immediately. However, the firm notes that eventual repayment to creditors, targeted for completion by October 31, 2024, could influence Bitcoin’s market dynamics. For CryptoQuant, the market impact will depend on various factors, including the timing, size, and manner of the repayments. If and when the Trustee begins repaying creditors, it could introduce a substantial amount of Bitcoin into the market, influencing liquidity and price stability. The firm concluded by stating: There is no immediate selling pressure for Bitcoin from these movements as the transfers have occurred within the addresses of the same entity (Mt. Gox Rehabilitation Trustee) and are not still available to the open market. Bitcoin Price Gravitates Towards ‘Level 3’ At $91,000 As concerns grow over the potential downside impact on Bitcoin’s price due to Mt. Gox’s repayment plan, analyst Crypto Con offers insights into the current state of Bitcoin price bands. Bitcoin price bands refer to specific price ranges that analysts closely monitor to gauge potential market movements. These bands act as magnets, attracting the price to specific levels. In particular, as seen in the chart above, “Level 3” at $91,539 has emerged as a significant price target. Despite the ongoing consolidation at Level 2.5, the analyst believes the market is showing signs of gravitating towards Level 3. Additionally, Crypto Con notes that historical data suggests that the cycle top band, priced at $123,000, will likely be reached with precision during the final “Bitcoin parabola.” Related Reading: Solana Remains Institutional Investors’ Favorite, YTD Flows Ramp Up To $29 Milion At the time of writing, the largest cryptocurrency in the market was trading at $67,400, slowly losing ground after continued failed attempts to consolidate above the ley $70,000 level, which is seen as the last hurdle before a potential retest of its current all-time high of $73,700 reached on March 14. Featured image from Shutterstock, chart from TradingView.com
Dogecoin corrected gains and tested the $0.1620 zone against the US Dollar. DOGE is now forming a base and might start a fresh increase above $0.1680. DOGE price declined and tested the key support at $0.1620. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.170 to move into a positive zone and start a fresh surge. Dogecoin Price Holds Support After a steady increase, Dogecoin price faced resistance near the $0.1750 zone. The recent swing high was formed at $0.1705 before DOGE started a downside correction like Bitcoin and Ethereum. There was a drop below the $0.1650 support zone. A low was formed at $0.1620 and DOGE is now consolidating for the next move. Dogecoin is now trading below the $0.1650 level and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $0.1664 level. It is near the 50% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low. The next major resistance is near the $0.1685 level or the 76.4% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low. There is also a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE/USD pair. A close above the $0.1685 resistance might send the price toward the $0.1725 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800. More Losses In DOGE? If DOGE’s price fails to gain pace above the $0.1685 level, it could start another decline. Initial support on the downside is near the $0.1620 level. The next major support is near the $0.1550 level. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1620, $0.1550 and $0.1520. Major Resistance Levels – $0.1660, $0.1685, and $0.1720.
XRP price is holding the key support at $0.5220. The bulls could aim for a fresh increase unless there is a close below the $0.5220 support. XRP is struggling to start a fresh increase above the $0.5350 resistance zone. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless the bears push the price below $0.5220. XRP Price Holds Support XRP price again saw a bearish move and retested the $0.5220 support zone like Bitcoin and Ethereum. There was also a spike below the $0.5220 support zone, but the bulls were active. A low was formed at $0.5192 and the price is back above $0.5220. The price is now trading near the 23.6% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. It is now trading below $0.5320 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5280 level. There is also a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5300 or the 61.8% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. A close above the $0.5300 resistance zone could send the price higher. The next key resistance is near $0.540. If there is a close above the $0.540 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance. More Downsides? If XRP fails to clear the $0.5280 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5220 level. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support 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 below the 50 level. Major Support Levels – $0.5220 and $0.5120. Major Resistance Levels – $0.5280 and $0.5300.
Ethereum price extended its downside correction below the $3,800 support. ETH is now approaching the $3,720 support and might aim for a fresh increase. Ethereum extended its decline after it failed to stay above the $3,880 zone. The price is trading below $3,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it breaks the $3,720 support. Ethereum Price Dips Further Ethereum price started a downside correction below the $3,880 support zone, like Bitcoin. ETH dipped below the $3,850 and $3,800 support levels to move into a short-term bearish zone. There was also a clear move below the 50% Fib retracement level of the upward wave from the $3,630 swing low to the $3,974 high. Finally, the price dipped below the $3,780 level. The bears are now aiming for a move toward the $3,720 support. Ethereum price is now trading above $3,800 and the 100-hourly Simple Moving Average. If there is a fresh increase, ETH might face resistance near the $3,800 level. There is also a key bearish trend line forming with resistance at $3,800 on the hourly chart of ETH/USD. The first major resistance is near the $3,840 level. An upside break above the $3,840 resistance might send the price higher. The next key resistance sits at $3,900, above which the price might gain traction and rise toward the $3,940 level. If there is a clear move above the $3,940 level, the price might rise and test the $4,000 resistance. Any more gains could send Ether toward the $4,080 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,800 resistance, it could continue to move down. Initial support on the downside is near the $3,720 level or the 76.4% Fib retracement level of the upward wave from the $3,630 swing low to the $3,974 high. The next major support is near the $3,625 zone. A clear move below the $3,625 support might push the price toward $3,550. Any more losses might send the price toward the $3,500 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,720 Major Resistance Level – $3,800
Bitcoin price extended its decline below the $68,000 level. BTC is now slowly moving lower toward the $66,250 support zone in the near term. Bitcoin extended its downside correction below the $68,000 zone. The price is trading below $68,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down unless there is a close above the $68,500 level. Bitcoin Price Dips Further Bitcoin price extended its downside correction below the $69,000 level. BTC bears were able to push the price below the $68,000 support. Finally, the price tested the $67,000 zone. A low has formed at $67,100 and the price is now consolidating losses. It recovered above the $67,5000 level and the 23.6% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low, with a bearish angle. Bitcoin is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,000 level. There is also a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD pair. The first major resistance could be $68,800 or the 50% Fib retracement level of the downward wave from the $70,600 swing high to the $67,100 low. The next key resistance could be $69,250. A clear move above the $69,250 resistance might send the price higher. In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send BTC toward the $72,600 resistance. More Losses In BTC? If Bitcoin fails to climb above the $68,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $67,250 level. The first major support is $67,000. The next support is now forming near $66,250. Any more losses might send the price toward the $65,000 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 above the 50 level. Major Support Levels – $67,100, followed by $66,250. Major Resistance Levels – $68,000, and $68,800.
Well-known cryptocurrency analyst and trader Crypto Jelle has offered insights on the price action of Bitcoin, the largest digital asset, pointing out the formation of a strong bullish flag, despite a wave of massive BTC transfers, particularly from the now-defunct Tokyo-based crypto platform Mt Gox. Bitcoin Price Action Remains Firm Despite Mt Gox BTC Transfers […]
As Bitcoin flirts with its previous all-time highs, the celebrated ‘diamond hands’—a term in crypto parlance denoting long-term holders (LTHs)—are demonstrating notable restraint, selling their holdings at a rate notably lower than in previous bull markets. According to a recent analysis by on-chain analytics firm Glassnode, despite the near $70,000 valuation, the selling pressure from these seasoned investors remains subdued. Related Reading: Crystal Ball Or Crazy Talk? Analyst Predicts Bitcoin To Hit $156,000 By May 2025 Bitcoin Diamond Hands Loyalty Amid Highs The phenomenon of ‘diamond hands’ holding firm as Bitcoin reaches significant price levels is not new but remains a cornerstone of market stability. These LTHs, defined by Glassnode as wallets holding Bitcoin for over 155 days, display investment maturity that underpins the market’s resilience. Even with Bitcoin’s price hovering around $67,722—down 3.5% over the past week but still up slightly by 0.6% in the last 24 hours—these investors are not rushing to cash out. Additionally, Glassnode’s report highlights that long-term holders are yet to reach the point of selling that typically precedes a market downturn. The market value to realized value (MVRV) ratio, a reliable metric to gauge the profitability of long-held Bitcoins, indicates that many LTHs are sitting on substantial unrealized profits. Historically, LTHs begin to sell once this ratio hits particular highs, which has not yet occurred despite the recent peak. Interestingly, during the surge to $73,800 in March—the latest all-time high—long-term holders were not the primary sellers. Glassnode pointed out that only a modest 519k BTC was sold by LTHs during this period, considerably less than in previous bull runs, where monthly sales approached nearly one million BTC. Of this, 519k BTC sold, “20% originated from Grayscale ETF holders,” as reported by Glassnode. This restrained selling behavior is significant, suggesting a strategic approach to holding and a belief in further price appreciation. The Future Holds Optimism Moving forward, Glassnode anticipates that LTHs will continue to play a pivotal role in the market dynamics. Their recent behavior indicates a shift towards re-accumulation following significant distribution around the $73k all-time high. Such patterns underscore a sophisticated strategy: Bitcoin’s most steadfast supporters may be gearing up for another run, anticipating higher peaks beyond current levels. Related Reading: Crypto Expert Says Market Has Begun A Macro Bullish Expansion – What This Means For Bitcoin And Altcoin Prices Amid these developments, crypto analyst Cryptorphic has forecasted Bitcoin reaching as high as $156,000 by May 2025, adding to the sentiment around Bitcoin, which remains interestingly bullish. #Bitcoin could hit $156,000 by May 27 2025! These green boxes represent the price action after #BTC halvings. We’ve never seen a red year after a halving. Bitcoin halvings are significant events, here are the percentages of Bitcoin’s price increase one year after each halving… pic.twitter.com/QEmNN8OuP2 — Cryptorphic (@Cryptorphic1) May 27, 2024 Featured image created with DALL·E, Chart from TradingView
A judge has sanctioned the SEC for its failed case against DEBT Box—and made sure he gets the case if it returns to court.
BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.
Crypto analyst Cold Blooded Shiller has provided insight into the Shiba Inu (SHIB) future trajectory in relation to Dogecoin. The analyst suggested that the second-largest meme coin by market cap could be coming for Dogecoin’s position soon enough, given its recent bullish strength. Shiba Inu Is Poised To Rip Through The Charts Cold Blooded Shiller mentioned in an X (formerly Twitter) post that he believes Shiba Inu will soon “send,” meaning that the meme coin will soon experience a parabolic move to the upside. He noted that Shiba Inu’s performance has been “unusual” over the last few days. Based on his technical analysis, he claimed that Shiba Inu is “positioned very well” on the higher time frame (HTF). Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? On the lower time frame, the crypto analyst added that Shiba Inu has “been very strong” compared to Dogecoin, which he noted isn’t “typical.” Cold Blooded Shiller also remarked that Shiba Inu has had one of the quickest and strongest market recoveries in the last 24 hours. Indeed, Shiba Inu’s performance in the last 24 hours has been impressive. The meme coin has experienced a price gain of over 13% in the last 24 hours, which has caused it to overtake Cardano and climb into the tenth spot among the top cryptocurrencies by market cap. Crypto analyst and influencer Ansem also suggested that this is just the beginning of Shiba Inu’s price rally, stating that the meme coin is about to get “jiggy” while sharing a chart that hinted at an imminent price breakout for Shiba Inu. Shiba Inu’s rise is believed to be due to several factors, including the sentiment around the Ethereum Spot ETFs. Ethereum-based tokens are bound to benefit from the hype around these funds. Coinbase International Exchange also recently announced that it will add support for Shiba Inu perpetual on its platform starting May 30th. The recent market trend has also contributed to Shiba Inu’s double-digit rally, with meme coins arguably the leading narrative at the moment. This is why other meme coins like Pepe (PEPE) and Dogwifhat (WIF) have also recorded significant price gains lately, up 9% and 33%, respectively, in the last seven days. SHIB Team Reacts To Price Gain Shiba Inu’s Marketing Lead, Lucie, reacted to Shiba Inu flipping Cardano. She attributed the meme coin’s success largely to the SHIB community, noting that the “incredible milestone wouldn’t be possible without the amazing support from our community.” Lucie also highlighted the developments in the Shiba Inu ecosystem as another factor that has helped the meme coin rise to become the 10th-largest crypto token by market cap. Related Reading: XRP Price Moves To Break Out Of 7-Year Accumulation, Analyst Highlights Possible 1,200% Rally These developments include the launch of the layer-2 network Shibarium, which has become an integral part of the ecosystem. More recently, the team also raised $12 million in funding for its proposed layer-3 network, which will boost Shiba Inu’s image. At the time of writing, Shiba Inu is trading at around $0.0000274, up over 12% in the last 24 hours, according to data from CoinMarket Cap. Featured image created with Dall.E, chart from Tradingview.com
The XPLA crypto gaming ecosystem has expanded onto the Oasys chain via the new Com2uS layer-2 network, along with two big franchise games.
As summer heats up, so does the activity of crypto scammers on Canadian dating apps and websites. The Canadian Anti-Fraud Centre (CAFC) has reported a troubling rise in romance and investment scams, also known as ‘pig butchering’ targeting individuals on dating platforms, involving sophisticated schemes that leverage cryptocurrencies. Dark Side of Digital Love: Combatting Crypto […]
BlackRock updates its S-1 form, advancing the potential launch of its Ethereum ETF as SEC discussions continue.
The post Ethereum ETFs could debut by June as BlackRock updates S-1 form appeared first on Crypto Briefing.
BlackRock amended the S-1 registration statement for its spot Ethereum ETF in a May 29 filing, marking a step toward approval. The filing builds on BlackRock’s original registration statement, which was initially filed in November 2023. Bloomberg ETF analyst James Seyffart called the filing a step toward launch after the SEC approved 19b-4 listing rule […]
The post Blackrock updates S-1 filing for Ethereum ETF, marking step toward launch appeared first on CryptoSlate.