The cost of Bitcoin dipped but then recovered around $67,500. It’s possible that Bitcoin will continue climbing and reach the $72,500 mark once more in the not too distant future. Bitcoin retested the $67,500 support zone before it started a fresh increase. The price is trading above $70,000 and the 100 hourly Simple moving average. … Read more
Ethereum‘s price held strong above the $3,400 mark as a floor. For Ethereum to advance further in the short term, it needs to surpass the $3,600 resistance level first. Ethereum extended its decline and tested the $3,400 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break … Read more
MicroStrategy, famous for its bold Bitcoin (BTC) approach, has experienced a significant increase in stock value in recent months due to Bitcoin reaching a new record high price last month. Yet, some investors are wagering that the stock is overpriced and will drop in value in the near future. Based on Reuters’ report released on … Read more
On Wednesday, Bitcoin (BTC) dipped below $68,000 for a brief moment, touching a 24-hour low of approximately $67,568. However, during the New York trading session, BTC bounced back and was trading around $68,668. The cryptocurrency market has seen increased volatility lately, resulting in over $253 million in liquidations. Most of this amount, around $186 million, … Read more
At P2P.org, a significant Ethereum validator, we’ve achieved a noteworthy achievement. The amount of value secured with us, known as Total Value Locked (TVL), surged from $5 billion in February to more than $7.4 billion in March. This substantial increase underscores the rapid growth and increasing importance of our role within the Ethereum network and … Read more
Bybit, a well-known cryptocurrency exchange by transaction volume, made it easier than ever before to buy cryptocurrencies starting April 10, 2024. They teamed up with Google Pay, a widely used digital wallet, enabling users from over 35 countries to make instant purchases with a single click. This change aims to improve user experience and possibly … Read more
Austin Federa, the Communications Chief at Solana Labs, has announced that several developers are working together to address the network’s issue with congestion. Solana Burdened with Extreme Congestion Solana, represented by SOL, is a widely-used blockchain network that applies Proof-of-Stake (PoS) as its consensus mechanism to enable smart contracts. Solana’s primary goal is to address … Read more
In Queensland, Australia’s second largest state, the Crime and Corruption Commission (CCC) has proposed amending the existing crypto asset legislation. The CCC has discovered weaknesses in the current law that enable misuse of digital currencies such as Bitcoin (BTC), and they are seeking greater authority to seize these assets during investigations. Reformation of CPCA Law … Read more
WOO X, a leading crypto futures and spot trading platform, recently announced the introduction of three new Index Perpetual Contracts: the GMCI 30, GMCI L2, and GMCI Memes Indices. These contracts were collaboratively created with Wintermute and GMCI, marking a pioneering step as the first centralized exchanges to incorporate Level 2 (L2) and Memes indices. … Read more
Taiwanese authorities have indicted David Pan, the founder of Taiwan’s digital assets trading platform ACE Exchange, for his alleged involvement in a crypto-related fraud case. The defendant, along with six other suspects, is currently facing charges of money laundering and other crimes stemming from losses of 340 million New Taiwan dollars valued at around $10.6 … Read more