The drama surrounding the FTX collapse continues to unfold with a surprising twist. Sam Bankman-Fried, the crypto wunderkind turned convicted fraudster, has agreed to cooperate with investors suing the company’s celebrity endorsers, including sports stars Tom Brady and Shaquille O’Neal, and actor Larry David. Related Reading: Crypto Industry Faces New Threat: Section 702 US Surveillance […]
Champions of the controversial bill say it's essential to counter-terrorism efforts while critics claim it will wreak havoc on U.S. citizen’s privacy.
Memes on Base have helped to onboard thousands of people to the layer-2 network and will be key for the next million, says Base creator Jesse Pollak.
The post Ripple vs SEC Lawsuit: Tensions Rise as Ripple Prepares Response to $2 Billion Penalty appeared first on Coinpedia Fintech News
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is entering a pivotal week, with Ripple’s defense team gearing up to file its opposition brief. With the SEC seeking final judgment and nearly $2 billion in penalties, Ripple is set to submit its sealed response on April 22, followed …
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.
The post Bitcoin Halving Completed: These Altcoins Are Poised To Explode Now appeared first on Coinpedia Fintech News
Renowned crypto expert Michael van de Poppe recently shed light on altcoins he believes are primed for a significant surge. In his latest analysis, he explored the current state of the crypto market, mainly focusing on Bitcoin’s resistance level and its potential impact on the altcoins he is betting on. Top 5 #Altcoins to buy, …
A group of Swiss Bitcoin advocates led by Yves Bennaïm has initiated a referendum to amend the Swiss constitution in a way that would mandate the Swiss National Bank (SNB) to include BTC alongside gold in its currency reserves, as reported by local media. The proposed amendment to the Swiss constitution is succinct yet significant. […]
On-chain data shows ZKasino moved $33 million worth of users’ bridged ETH to Lido, while users claim it rescinded a plan to return their crypto.
The Bitcoiners will first need to convince 100,000 Swiss nationals to sign the petition that would kick off a referendum — a threshold that plagued their first attempt back in October 2021.
Dogecoin is attempting a recovery wave above the $0.150 resistance zone against the US Dollar. DOGE could struggle to clear the $0.170 resistance zone. DOGE started a recovery wave from the $0.1280 support zone against the US dollar. The price is trading above the $0.1500 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.170 on the 4-hour 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 Faces Hurdles After a major decline, Dogecoin price found support at $0.1280. A low was formed at $0.1283 and DOGE started a decent recovery wave, like Bitcoin and Ethereum. There was a move above the $0.1350 and $0.140 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low. However, the bears are still active and protecting more gains. There is also a key bearish trend line forming with resistance at $0.170 on the 4-hour chart of the DOGE/USD pair. Dogecoin is also below the $0.1650 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1690 level or the 50% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low. Source: DOGEUSD on TradingView.com The next major resistance is near the $0.170 level. A close above the $0.170 resistance might send the price toward the $0.1880 resistance. The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level. Another Decline in DOGE? If DOGE’s price fails to gain pace above the $0.170 level, it could start another decline. Initial support on the downside is near the $0.1525 level. The next major support is near the $0.1475 level. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.1280 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1525, $0.1475 and $0.1280. Major Resistance Levels – $0.1690, $0.1700, and $0.200.
The post Choise.ai Introduces Tringlr SMPC Technology for Ultimate Crypto Wallet Security, Elevates CHO Token to New Heights appeared first on Coinpedia Fintech News
Managing crypto finances can be chaotic, whether utilizing hot or cold storage or relying on centralized exchanges (CEXs). Forgetting a seed phrase, losing a wallet, or access to funds are just a few potential mishaps. Although both centralized and decentralized storage systems carry inherent risks, each offers its own distinct advantages, creating a persistent wallet …
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With the compilation of the 4th Bitcoin Halving, the volatility in the crypto industry is on a significant rise. Moreover, the transaction fees for Bitcoin have recorded a multi-year high post-halving, resulting in reduced transactions in the crypto market. Furthermore, the Artificial Intelligence (AI) category has experienced an increased bullish sentiment in the market, indicating …
Tether announced the collaboration with the TON Foundation just two days earlier at Token 2049 event in Dubai, with $60 million of USDT now issued on the blockchain.
Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone. Ethereum is recovering higher and approaching the $3,280 resistance zone. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it closes above the $3,250 zone. Ethereum Price Regains Strength Ethereum price formed a base above the $2,850 level and started a recovery wave, like Bitcoin. ETH cleared a few key hurdles near $3,000 to enter a positive zone. There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. Ethereum is now trading above $3,120 and the 100-hourly Simple Moving Average. It is also consolidating above the 76.4% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. Immediate resistance is near the $3,200 level. The first major resistance is near the $3,250 level. The next key resistance sits at $3,280, above which the price might gain traction and rise toward the $3,350 level. Source: ETHUSD on TradingView.com A close above the $3,350 resistance could send the price toward the $3,420 pivot level. If there is a move above the $3,420 resistance, Ethereum could even climb toward the $3,550 resistance. Any more gains could send Ether toward the $3,880 resistance zone in the coming days. Another Decline In ETH? If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support is near the $3,120 zone and the 100-hourly Simple Moving Average. A clear move below the $3,120 support might increase selling pressure and send the price toward $3,020. Any more losses might send the price toward the $2,965 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 level. Major Support Level – $3,150 Major Resistance Level – $3,280
Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $65,500 resistance zone. Bitcoin Price Starts Increase Bitcoin price found support above $60,000 and started a fresh increase. BTC climbed above the $62,500 and $63,500 resistance levels. The bulls even pushed the price above the $65,000 level. However, the bears seem to be active near the $65,500 zone. The recent high was formed at $65,598 and the price is now consolidating gains. There was a drop below the $65,000 level, but the price is still above the 23.6% Fib retracement level of the upward move from the $59,666 swing low to the $65,598 low. Bitcoin price is trading above $64,000 and the 100 hourly Simple moving average. Immediate resistance is near the $65,100 level. There is also a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair. The first major resistance could be $65,500. The next resistance now sits at $66,000. If there is a clear move above the $66,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $67,500. Source: BTCUSD on TradingView.com The next major resistance is near the $68,500 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term. Downside Correction In BTC? If Bitcoin fails to rise above the $65,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $64,500 level. The first major support is $64,000. If there is a close below $64,000, the price could start to drop toward the 50% Fib retracement level of the upward move from the $59,666 swing low to the $65,598 low at $62,500. Any more losses might send the price toward the $61,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish 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 – $65,100, $65,500, and $66,000.
The 12 now-defunct projects raised a total of $26.7 million by way of a controversial fundraising method known as a presale.
The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore.
Coinbase APAC managing director John O’Loghlen says Australian policymakers and TradFi firms simply haven’t woken up to the level of innovation emerging out of the country’s crypto sector.
If you don't want to go into Capcom's latest adventure blind, our Dragon's Dogma 2 guide can help you make some smart early decisions.
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
Bitcoin surprised traders with a strong rebound after the halving, possibly setting a bullish path for BNB, NEAR, MNT and RNDR to follow.
The US Senate has voted to reauthorize Section 702 of the Foreign Intelligence Surveillance Act (FISA), a move that has sparked widespread debate and concern among civil liberties advocates and members of the crypto community. Related Reading: Halving Hype Debunked: Binance Founder Says Don’t Fall For This Bitcoin Myth Section 702, originally introduced as a […]
Triple-A, Singapore's licensed payment firm, will offer PayPal's PYUSD stablecoin in June, aiming to enhance its digital token services.
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Explore the innovative landscape of Ether futures ETFs, offering simplified access to Ethereum’s potential while navigating regulatory frameworks and tax efficiencies.
The fourth Bitcoin halving has now been completed and crypto investors look forward to its outcome in terms of the price of Bitcoin and other cryptocurrencies. As the biggest crypto asset, the price of most altcoins are largely correlated with Bitcoin’s, making the halving event very important to all investors. Related Reading: Stablecoins Get A […]
The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Related Reading: Ethereum Fueled Up: Will 320 Million USDT Inflow Ignite Price Surge? Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low. Miners’ Bitcoin Holdings Hit 12-Year Low On-chain analytics platform IntoTheBlock noted this interesting trend amongst Bitcoin miners. According to the platform’s “Miners’ Bitcoin Holdings,” the collective BTC reserve across various miners has now dropped below 1.9 million BTC, its lowest in over 12 years. Interestingly, the metric shows that miner reserves have been on a continued trend of outflows since the beginning of the year, just after the approval of Spot Bitcoin ETFs. This means the outflow from miner wallets can be linked to increased demand from the various Bitcoin ETF wallets, with the latter now controlling over 4.27% of the total circulating wallets. As Bitcoin goes into the halving, miners’ BTC holdings hit 12 year low. This indicates that miners have been net sellers leading up to the halving. pic.twitter.com/WNi74RkluG — IntoTheBlock (@intotheblock) April 19, 2024 At the time of writing, CryptoQuant data puts the total number of miner reserves at 1.818 million BTC, a decrease of 22,000 BTC from 1.84 million on January 3. Additionally, this outflow from the miner reserves was exacerbated in the days leading up to the halving, as noted by IntoTheBlock. “This indicates that miners have been net sellers leading up to the halving,” IntoTheBlock said in a social media post. The persistent selling pressure exerted by miners may have been a contributing factor in Bitcoin’s stagnant pace between $65,000 and $70,000 over the past weeks. This outflow of BTC from miner wallets into the market seems to have flooded the market with more than enough BTC, which in turn contributed to a crash to $60,000 during the week. Bitcoin is now trading at $64.906. Chart: TradingView What’s Next For Bitcoin? The practice of Bitcoin miners selling their holdings in the days leading up to the halving is not unusual, as demonstrated by their actions in past halving events. At the time of writing, Bitcoin is trading at $64,978, up 8% after rebounding up at $60,000. The much anticipated fourth Bitcoin halving has now been completed and the industry looks forward to its effect over the next few months. Related Reading: Shiba Inu (SHIB) Price Jumps On Growing Support From 1.4 Million Holders The halving is ultimately a balancing act for miners. Although miners’ revenues are cut in half, the reduced Bitcoin supply and possible price increase can help offset some of the losses over time. According to a report, Bitcoin miners could sell up to $5 billion worth of BTC after the halving, with the price of the cryptocurrency potentially falling to $52,000. Featured image from Pexels, chart from TradingView
As the financial world witnesses a seismic shift in the landscape of cryptocurrency investment, institutional players are making bold moves into the realm of Bitcoin Exchange-Traded Funds (ETFs). Bitwise CEO Hunter Horsley’s recent proclamation has sent ripples through the industry, forecasting a staggering surge in Bitcoin ETF holdings by wealth management firms by the end […]
FTX investors reach a settlement with Sam Bankman-Fried, who would help in lawsuits against celebrity endorsers of the failed exchange.
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In the world of cryptocurrencies, XRP stands out not just for its technological foundation but also for the dramatic fluctuations in its market history and the contentious legal battles it has faced. Ripple’s Chief Technology Officer, David Schwartz, recently pointed out the robust long-term performance of XRP, noting a 1500% increase in its value since …