Day: August 12, 2023

Tron, VeChain and Pomerdoge top crypto charts, bulls confident

Monitoring how crypto assets perform is crucial for making informed decisions. Tron (TRX), VeChain (VET), and Pomerdoge (POMD) are actively being monitored, considering their recent gains.  TRX falls on Huobi rumors, Justin Sun responds Huobi’s alleged insolvency and the arrest of its executive in China led to substantial withdrawals of around $64 million last weekend. Tron (TRX) fell 12% in the past week due to CEO Justin Sun’s affiliation with the exchange.  However, Sun later dismissed concerns, terming them futile attempts to create fear, uncertainty, and doubt (FUD) while urging…

Crypto Analyst Shares Bullish Insights on Chainlink As Users Accumulate 295 Million LINK

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Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments.  Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about…

THORChain (RUNE) 21% Charge Emerges As Top Weekly Gainer

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The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%. This resurgence has sparked intrigue and excitement among crypto enthusiasts and investors, prompting a closer examination of the factors contributing to this rapid upward movement. THORChain (RUNE) Has experienced a significant spike in the past week: Source @Tradingview The Catalysts Behind The Surge RUNE has made a resurgence…

Polygon’s on-chain activity surging as Borroe targets low fees, scalability

There is an uptick in on-chain activities, particularly in the Polygon ecosystem. This trend is evident as various projects, including those in decentralized finance (defi) and artificial intelligence (AI), like Borroe, position themselves on the Ethereum sidechain, tapping on improved scalability and reduced transaction fees.  This article examines Polygon, highlighting Borroe’s presale and its alignment with crypto trends. Borroe on Polygon Borroe has been attracting interest, especially in the ongoing presale. In the beta stage, the platform sold $250,000 of ROE in five days, highlighting its potential in crypto. In stage 1…

US Bitcoin ETF Approval Could See North America’s ETF Volume Rise To 99.5%

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North America could see its share in the global trading volume for crypto-related exchange-traded funds (ETFs) grow even further if spot Bitcoin ETFs are approved in the United States, a Bloomberg analyst said. This comes after the US Securities and Exchange Commission (SEC) issued a delay letter regarding Ark Invest’s application for a spot Bitcoin ETF. In a widely-anticipated delay, the SEC is asking for new written comments on the spot Bitcoin application. Some of the issues raised by the commission include the suitability of Bitcoin as an underlying asset…

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

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Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

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Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading. Rene Larralde from Melbourne, Florida, Juan Pablo Valcarce from West Melbourne, Florida, Brian Early from New Orleans, Louisiana and Alisha Ann Kingrey from Franklin, Arkansas, along with their unincorporated entity Fundsz, face allegations of misleading investment solicitations. They allegedly enticed investors with implausible returns based on a purported “proprietary algorithm.” The CFTC lodged a complaint in the U.S. District…

Unleashing the Potential of the 2024 Halving on Prices

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In the context of the constantly changing and complex cryptocurrency industry, Bitcoin is currently facing a critical point in its trajectory, as it confronts a range of heightened price pressures that pose significant challenges. The upcoming halving event in 2024 has generated significant anticipation, drawing attention to the complex interaction of various elements that contribute to the value and destiny of the subject in question. Bitcoin’s value has increased by 75% so far this year despite having to deal with regulatory scrutiny and fraud. The leading crypto in terms of…