Ethereum has recently experienced a sharp downturn, but it has found crucial support in a specific zone. This zone is made up of the 100-day moving average at $3050 and the price range between the 0.5 and 0.618 Fibonacci levels ($3190 and $2972). This zone is pivotal as it attracts significant demand, potentially preventing further
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The recent analysis by the well-known crypto analyst Rekt Capital sheds light on the potential timeline for the next Bitcoin market peak. With the Bitcoin Halving event expected to occur soon, the market has been relatively stable with a current price of $64,578. Rekt Capital’s analysis suggests that Bitcoin typically reaches its bull market peak
The recent occurrence of Bitcoin’s fourth halving event has brought significant attention to the cryptocurrency market. This event, reducing the block reward from 6.25 BTC to 3.125 BTC, has major implications for the industry. The reduction in daily BTC issuance to around 450 Bitcoin has sparked discussions about the long-term impact on BTC’s volatility and
Recently, crypto exchange HashKey made a significant announcement regarding its support for Binance-related transactions. The Hong Kong-based platform shared that it would implement restrictions on deposits from Binance starting from May 10. Additionally, HashKey will no longer support virtual asset withdrawals to Binance-hosted wallet addresses after May 17. This decision comes as a surprise to
The recent developments surrounding the bankrupt FTX exchange have caused quite a stir in the cryptocurrency community. On April 18, the FTX exchange transferred a substantial amount of assets from its FTT treasury account to a new wallet address. The transferred assets included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued
The traditional gatekeepers in scientific publishing have long benefited financially from the hard work and findings of the scientific community. Scientific journals, while crucial for spreading knowledge, face various challenges such as article suitability, high fees, and complex review processes. Despite attempts at digital evolution to widen access, inefficiencies and access obstacles persist. Similar to
Binance, one of the largest cryptocurrency exchanges in the world, has made headlines for its return to the Indian market after facing a ban by the Indian government. The exchange has agreed to pay a significant penalty of around $2 million to re-enter the market under the oversight of the Financial Intelligence Unit (FIU). This
In a recent interview with Anthony Scaramucci, the founder and managing partner of Skybridge Capital, a bold prediction was made regarding the future price of Bitcoin. Scaramucci suggested that the Bitcoin price could potentially surge to $200,000, following the upcoming halving event. This forecast comes at a time where the crypto markets are experiencing notable
The recent announcement of Sony and Microsoft’s plans to integrate blockchain into their consoles marks a significant turning point in the gaming industry. This move towards incorporating NFTs into Playstation and Xbox games has the potential to revolutionize the way gamers interact with virtual assets. But before delving into the impact of NFT integration, it
The recent amendment to the US SEC’s complaint against Justin Sun and other defendants has brought to light the regulator’s argument that Sun’s alleged visits to the US should establish the jurisdiction necessary to initiate legal proceedings. According to the SEC, Sun purportedly spent more than 380 days in the US between 2017 and 2019,
The rise of Ethereum (ETH) in the first quarter of 2024 has been nothing short of impressive, with a nearly 100% increase in price action. Not only that, but the Ethereum blockchain has also managed to generate substantial profits of up to $369 million during this period. This unforeseen profitability has sparked inquiries into how
The recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has sparked controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky criticized the bill, calling it “deeply flawed” and warning that it would only allow centralized and custodial stablecoins to operate. Chervinsky argued that the proposed ban on algorithmic stablecoins
Crypto analyst Trend Rider has recently pointed out the potential for Cardano (ADA) to experience a significant price rally in the near future. According to Trend Rider, based on historical data, Cardano could see a price surge up to $3. This prediction is based on Cardano’s past behavior, where the price dipped to $0.10 in
The cryptocurrency market, particularly Bitcoin, has seen a recent surge in price, with Bitcoin hovering above the $62,000 mark. However, cautionary warnings from leading crypto analytics platform, CryptoQuant, suggest that Bitcoin may face a significant downturn to $52,000 if specific key levels are breached. The analysis from CryptoQuant indicates a growing sense of uncertainty in
Over the past week, Bitcoin Cash (BCH) has experienced a significant decline in value, dropping by 20% to trade at $484. This dip mirrors the overall downward trend in the cryptocurrency market, particularly following a 9% decrease in the price of Bitcoin. Recent geopolitical tensions in the Middle East have contributed to this sell-off, but
In a recent move, Binance has transitioned its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, signaling a shift towards enhanced reliability and transparency. By transferring 100% of SAFU’s assets to USDC, Binance aims to ensure stability at $1 billion, utilizing a trusted and audited stablecoin for added security. Apart from
As the fourth Bitcoin halving approaches, scheduled for later this week, Bitcoin miners are facing a significant drop in stock prices. Key players in Bitcoin mining such as Marathon Digital (MARA) and Riot Blockchain (RIOT) have experienced substantial declines, with their stock prices dropping by approximately 53% and 54%, respectively, from their peak values earlier
Yuga Labs, a prominent player in the gaming industry, recently announced the sale of two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This strategic move by Yuga Labs aims to concentrate its efforts on the development of its two major projects, Otherside and
Ethena, a synthetic dollar protocol on the Ethereum blockchain, has introduced the stablecoin USDe. The goal of USDe is to function as a censorship-resistant and scalable form of digital money pegged to the US dollar. Despite its rapid growth in market capitalization to over $2 billion since its launch, there are significant risks associated with
The cryptocurrency market has been experiencing a downturn, but Solana meme coin markets are still seeing explosive activity. The latest token to make waves is Elawn Moosk, a new Elon Musk-themed token. Retail investors are drawn to these meme-laden tokens inspired by the prominent CEO. Despite some initial challenges, Elawn Moosk is currently trading at
Recently, the X account of renowned actor Tom Holland fell victim to a hacking incident. This breach, impacting his profile with over 7 million followers, was utilized by the attackers to promote a fraudulent cryptocurrency and NFT scheme. The compromised account was manipulated to announce a false partnership with the reputable global cryptocurrency exchange Binance,
In the midst of a turbulent cryptocurrency market, investors are turning their attention to a new player in the virtual reality space – 5thScape. As major cryptocurrencies such as Bitcoin and Ethereum experience a downturn, the spotlight is now on 5thScape as a potential game-changer in the industry. With a unique vision for the future
The recent report released by cryptocurrency exchange Bybit sheds light on the upcoming Bitcoin halving event and its potential impacts on the supply dynamics of Bitcoin within exchanges in the crypto space. According to Bybit, the reserves of Bitcoin on exchanges have been depleting rapidly, with only nine months of BTC supply left on exchanges.
Ali Martinez, a prominent cryptocurrency expert, has recently forecasted a potential increase in the price of Bitcoin, suggesting that the crypto asset could reach $86,000 in the near future. This optimistic outlook has generated significant attention in the cryptocurrency community, sparking discussions and speculations about the future of Bitcoin. Martinez’s analysis focuses on key support
Illuvium, a decentralized gaming platform, has recently announced an airdrop program that will distribute 250,000 ILV tokens worth $25 million. This initiative is designed to reward community members and enhance their engagement within the ecosystem. Airdrops are typically used by startups as marketing strategies to distribute free tokens or coins to their target audience. However,
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by regulators has prompted discussions about the potential growth of the local ETF market. Bloomberg ETF analyst Eric Balchunas has expressed skepticism about the market’s performance, citing the absence of major players and the possibility of high fees as significant obstacles.
The crypto market has been evolving rapidly, with new innovations and technologies driving the growth of digital assets. One prominent figure in the industry, Willy Woo, a renowned crypto analyst, has put forward a bold prediction for the future of Bitcoin. Woo anticipates that Bitcoin could potentially surge to an astonishing $650,000 as the Spot