Day: August 15, 2022

Coinbase + BlackRock Crypto Deal = BIG Moves for $COIN Stock (News and Price Targets)

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Ethereum Rejects $2k, Retest Of $1,800 Imminent

The current Ethereum price analysis is bearish due to multiple instances over the previous day of rejection for additional upward. As a result, we anticipate ETH/USD to drop below $1,900 and then retest $1,800 as support. Ethereum Rejects Upside Since reaching a daily high of $2012, Ethereum has corrected by 6.6%. The price range between $1700 and $1800 is the crucial support level, and it is crucial for ETH to maintain above it to stop any further falls. Technically speaking, Ethereum is advancing inside a rising wedge (in yellow), which…

Traders flinch after Ethereum price rejects at $2,000

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Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the “ultrasound money” dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16.ย  Ether price index in USD, 12-hour chart. Source: TradingView Some critics point out that the transition out of proof-of-work (PoW) mining has been delayed for years and that the Merge itself does not address the scalability issue.…

Cryptocurrency Advocacy Group Says Regulators Overstepped Authority by Sanctioning Tornado Cash

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Crypto advocacy group Coin Center is looking into challenging the U.S. Office of Foreign Assets Control (OFAC) over Tornado Cash sanctions in court. Coin Center communications director Neeraj K. Agrawal said on Monday that the groupย believesย โ€œOFAC has exceeded its statutory authority by sanctioning the Tornado Cash smart contract.โ€ โ€œWe believe OFAC has exceeded its statutory authority by sanctioning the Tornado Cash smart contract. Coin Center is exploring a court challenge.โ€ In Coin Centerโ€™s analysis of the case, the non-profit arguesย Tornado Cash has no control over its application. โ€œTornado Cash Entity…

Spending $276M in Ether โ€” Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH โ€“ Bitcoin News

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After three years of dormancy, a massive ethereum whale that participated in the projectโ€™s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using todayโ€™s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were worth $276 million using current ETH exchange rates. It was the first time the…

Crypto Lender Celsius On Pace to Run Out of Cash by October

โ€œThey [Celsius] could obtain debtor-in-possession financing or sell assets,โ€ Brandon M. Hammer, counsel at Cleary Gottlieb Steen & Hamilton, a law firm, told CoinDesk. โ€œHowever, to take such steps they would need court approval, which requires notice and an opportunity for interested parties, like customers and the creditors committee, to object.” (Neither Hammer nor the law firm are involved in the bankruptcy case.) Source

WHY THIS WEEK IS HUGE FOR BITCOIN & ETHEREUM HODLERS…

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io What was the CPI data report for August? What’s happening w/ cryptocurrency this week? Today we discuss the LATEST crypto news for bitcoin, ethereum, metaverse altcoins, & more! ๐Ÿ‘‹ SLAP THE LIKE BUTTON! ๐Ÿ”ด Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment) ๐ŸŸ  Mark Cuban EXPOSES The Crypto Market in 2022 | Full Interview ๐ŸŽฌ Why Spike Lee is BULLISH on Bitcoin and NFTs Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022?…

BitGo to sue Galaxy Digital for $100M over dropped acquisition

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Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a โ€œreverse break feeโ€ in its decision to terminate an acquisition agreement. In a Monday blog post, BitGo referred to Galaxyโ€™s actions as โ€œimproperโ€ in claiming a breach of contract to drop an agreement to acquire the digital asset custodian. BitGo has enlisted the services of law firm Quinn Emanuel to pursue legal action against Galaxy for not paying a โ€œ$100 million…