Month: August 2023

Shibarium announces its fourth upgrade

Shibarium has detailed its fourth upgrade, highlighting system optimizations, the introduction of new monitoring tools, and forthcoming governance structures. On Aug. 22, the crypto platform Shibarium, the network for the Shiba Inu (SHIB) cryptocurrency, communicated its progression into a fourth upgrade. Based on the letter from a representative named “Shy,” the platform underwent “two days of testing and tweaking parameters” and has reached a state where it’s now optimized, albeit still in testing. However, the commencement of block production offers tangible proof of some development. An addition cited in the…

Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison

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FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center (MDC), according to an Aug. 22 transcript shared by the Inner City Press. Bankman-Fried’s attorneys claimed that due to the lack of vegan options provided by the prison, he…

Bitcoin Fate Hangs On $25,400 Support, $20,500 Looms As Potential Bottom

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Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, is displaying persistent indications of an ongoing downtrend. Currently oscillating between the $26,000 level and the $25,800 mark, it is edging closer to a crucial support level at $25,400.  The significance of this threshold cannot be overstated for BTC bulls, as it holds the potential to halt the ongoing decline. Bitcoin Faces Crucial Levels, Analyst Warns Of Potential Dip Bitcoin finds itself at a critical juncture as it tests a crucial support level, according to renowned crypto analyst Ali Martinez.…

Why Bulls Could Aim Recovery To $230

BNB price (Binance coin) is attempting a recovery from $202 against the US Dollar. The price could start a strong increase if it clears the $215 resistance level. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $230 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum…

Ethereum Price Grinds Lower As Bears Target Fresh Low Below $1,550

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Ethereum price is facing many hurdles below the $1,700 resistance against the US Dollar. ETH could extend its decline below the $1,580 and $1,550 levels. Ethereum is still struggling to recover above the $1,700 and $1,720 levels. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it breaks the $1,580 support in the near term. Ethereum Price Faces…

XRP Bears Reverse All SEC Ruling Gains, What’s Next?

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Trading at around $0.51, XRP bears have fully reversed all gains posted on July 13, looking at price action in the daily chart. Although bulls are optimistic, it hasn’t been smooth sailing for these traders, and bears have been active, shaving gains and putting buyers on the backpedal. Related Reading: Optimism (OP) Continues Market Recovery As Network Whales Triple Holdings As it is, the path of least resistance, looking at the price action from 2023 peaks to date, is southwards.  XRP Bears Are Unyielding Presently, XRP is down 45% from…

Bitcoin Bulls Keep Pushing, Why BTC Could Recover Above This Resistance

Bitcoin price remained strong above the $25,500 zone. BTC could soon attempt a recovery wave above the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $25,500 support zone. The price is trading near $26,050 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if there is a clear wave above the $26,500 resistance. Bitcoin…

Rumors Of Robinhood Listing XRP Take Center Stage On Crypto Twitter

The crypto community is currently buzzing with excitement and curiosity following rumors of Robinhood potentially listing XRP. These rumors come as the XRP price falls to pre-judgment levels, sparking hope that it could trigger a reversal. XRP Rumors Has Crypto Twitter In A Frenzy Rumor has it that an anonymous insider has confirmed the potential listing of XRP, the native token of Ripple, on Robinhood, an American financial trading platform, before the end of 2023. The rumor was started on August 22 by a crypto user on X (formerly Twitter)…

Binance.US taps MoonPay as banking alternative to regain USD ramps

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Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.  In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new “base asset” for all transactions and its partnership with MoonPay allows a path for users to transact in USD. The new partnership comes in the wake of Binance.US suffering a breakdown with its banking partners which saw fiat deposits on the…