The once-thriving cryptocurrency XRP, championed by Ripple Labs, now faces uncertainty as it navigates stormy waters. Recent weeks have brought challenges: regulatory scrutiny, waning investor confidence, and a concerning trend – major investors, or “whales,” are selling large quantities of XRP. XRP, the cryptocurrency previously known for its thriving market championed by Ripple Labs, now … Read more
South Korea is taking steps to make its temporary crypto investigative unit permanent due to the rising number of crypto-related frauds and crimes in the country. According to a report by Segye Ilbo, discussions between the Justice Ministry and the Ministry of the Interior and Safety are set to begin as early as May to … Read more
Josh Olszewicz, a crypto analyst, is raising alarms about an imminent Dogecoin price crash. He bases his analysis on the Ichimoku Cloud indicator, which offers insights into support and resistance levels, trend direction, and momentum. According to Olszewicz’s assessment, two significant technical occurrences are present in Dogecoin’s 1-day chart against the US dollar. Expert Josh … Read more
As a crypto investor, I’m observing that Cardano (ADA) is dipping below the $0.500 resistance area. If ADA fails to surpass this threshold, it might trigger bearish sentiment and cause further downward movement, as long as it remains beneath the 100 Simple Moving Average (SMA) on the H4 chart. ADA price is slowly moving lower … Read more
Ethereum surged past $3,300 but faced strong resistance at $3,350. The price took a sharp downturn and is now trading below $3,220 and the 100-hourly SMA. A bullish trend line was broken at $3,250 on the hourly chart of ETH/USD. The bears could take control if Ethereum trades below $3,165, which is also the 61.8% … Read more
Bitcoin’s Struggle Above $65,000 As a crypto investor, I’ve noticed that Bitcoin‘s price has been having a tough time breaking through the resistance at $65,000. Unfortunately, it seems that BTC is once again on a downtrend and there’s a real possibility that we could see further declines, potentially dropping below the $62,000 mark. Bitcoin started … Read more
Render (RNDR), the cloud-based rendering network, is generating buzz in the crypto community with technical signals and expert analysis suggesting a potential price increase in the near future. Here’s why: In simple terms, there’s growing buzz in the cryptocurrency world about Render (RNDR), the cloud-Rendering platform, due to its promising technical signs and forecasts from … Read more
Defendants in ACE Exchange Case Face Long Prison Sentences Authorities in Taiwan have put forth substantial prison terms for the founder of ACE Exchange, David Pan, and previous executives as prime suspects in an alleged scheme involving fraud and money laundering. This step follows the initiation of new accusations against Pan and other individuals by … Read more
Recently, Optimism (OP) has seen renewed interest from crypto investors due to its intriguing price performance. Interestingly, this market surge came after Offchain Labs disclosed security vulnerabilities in the Optimism Stack fault-proof system. On April 26, Offchain Labs revealed two major flaws that could enable hackers to bypass the network’s existing security measures and initiate … Read more
The Bitcoin network has seen a spike in trading activity following the halving, as evidenced by on-chain data. However, this surge isn’t solely due to the halving event. Instead, it’s the new token standard called Runes that’s driving up transaction numbers. As a researcher studying the Bitcoin network, I’ve observed an uptick in trading activity … Read more