Day: September 20, 2023

Dogecoin Price (DOGE) Prediction – Bulls Face Uphill Task Near $0.064

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Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone. DOGE started a decent increase above the $0.0615 resistance against the US dollar. The price is trading above the $0.062 level and the 100 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could struggle to clear the $0.0638 and $0.0640 resistance levels. Dogecoin Price…

Unicoin announces major rebranding in partnership with FutureBrand ahead of imminent ICO

Unicoin, the assets-backed cryptocurrency company, has teamed up with global branding agency FutureBrand for a comprehensive rebranding strategy as it prepares for its upcoming Initial Coin Offering (ICO) on cryptocurrency exchanges. Futurebrand is known for its work with industry leaders like American Airlines, Sanofi, and L’Oreal. The rebranding initiative precedes Unicoin’s imminent Initial Coin Offering (ICO) on various crypto exchanges. Breaking News! As we prepare for our upcoming ICO, we are thrilled to introduce our new look!@FutureBrand, the world’s #1 branding agency, has partnered with us to craft a top-notch…

Grayscale CEO Highlights US Opportunity To Lead Crypto Space Through Regulation

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The chief executive of Grayscale, a leading digital asset management firm, believes that the United States has a significant opportunity to dominate the cryptocurrency space by shaping effective regulations.  In a recent interview with Yahoo Finance, Grayscale CEO Michael Sonnenshein expressed optimism about the progress made in the past year and highlighted the bipartisan support for crypto-related legislation.  Sonnenshein emphasized the importance of lawmakers’ understanding of the crypto industry and urged Congress to actively engage with the issue to foster innovation and create robust financial and regulatory frameworks. Grayscale CEO…

Bitcoin Price Close Above $27,500 Could Spark Larger Degree Rally

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Bitcoin price is eyeing a key upside break above the $27,500 resistance. BTC could rally further toward $28,200 if there is a close above $27,500. Bitcoin is showing positive signs and facing hurdles near $27,500. The price is trading above $26,850 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a clear move above the $27,500 resistance. Bitcoin Price Eyes…

Coinbase to begin new campaign to advance US legislation 

Coinbase is launching a comprehensive paid media campaign to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry. As part of this campaign, the second-largest crypto exchange is also organizing a fly-in on Sept. 27 to bring executives and developers from different crypto companies to meet staff and lawmakers on Capitol Hill. Down to the roots As stated in Reuters, the grassroots advocacy campaign seeks to advance a bill that would define when a cryptocurrency is a security or a commodity. This…

Bitcoin Bulls Eyeing $31,000 In Near-Term Rally

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Bitcoin (BTC), the dominant cryptocurrency, is experiencing a resurgence as recent developments in technical indicators and on-chain fundamentals instill renewed optimism among investors.  Capriole Invest, a prominent investment firm, has unveiled its Bitcoin Macro Index. This comprehensive machine learning model combines 40 influential on-chain, macro market, and equity metrics, providing valuable insights into Bitcoin’s fundamentals and shedding light on its potential future trajectory. Bitcoin Fundamentals Signal Renewed Optimism According to Capriole’s latest report, Bitcoin’s low timeframe technicals have continued to conform to the Wyckoff schematic over the past weeks, with…

Paysafe ending support for Binance’s EU customers, some face early restrictions

Amid a backdrop of increasing regulatory scrutiny, Binance’s European payments provider, Paysafe, has started restricting euro withdrawals for some users ahead of its planned cessation of support on Sept. 25. This move that has left many European customers of Binance puzzled and frustrated, with some users finding themselves unable to access their accounts well before the specified end date. Ervin Ursic Kovac, a Binance customer, told CryptoX that he had “sent some ether (ETH) to his account on Sept. 12 and sold it for euros, but was unable to withdraw…

DeFi protocol Balancer frontend is under attack, $238K crypto stolen

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Balancer, an Ethereum-based decentralized finance protocol has confirmed its user interface is currently “under an attack.” The platform notified its community on Sept. 19 at 11:49 pm UTC, urging users to not interact with Balancer’s protocol until further notice. The balancer frontend is under an attack. The issue is currently under investigation. Please do NOT interact with the balancer UI until further notice! — Balancer (@Balancer) September 19, 2023 Balancer said the details of the attack are under investigation. The firm hasn’t confirmed whether user funds are safe at this…

US voters across 4 swing states oppose anti-crypto pres candidates: Coinbase

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Crypto exchange Coinbase says it will focus its “Stand with Crypto” campaign on nine states in the U.S., including four “swing states” with voters polled as less likely to choose anti-crypto presidential candidates. The four “swing states” include New Hampshire, Nevada, Ohio, and Pennsylvania, which are just some of the states the crypto exchange is set to focus its “Stand with Crypto” campaign, it said in a Sept. 19 blog. “Polling in the fall of 2022 showed that in the key states of NH, NV, OH, and PA, over half…

Hodlnaut Refuses OPNX’s $30 Million Offer After FLEX Token Declines By 90%

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According to the latest report, the interim judicial managers of beleaguered crypto lender Hodlnaut have rejected the latest acquisition bid proposed by OPNX. The OPNX exchange, affiliated with the founders of collapsed hedge fund Three Arrows Capital (3AC), offered to buy a significant 75% ownership stake in troubled Hodlnaut in August 2023. Holdnaut, a Singapore-based crypto lender, was another of the numerous victims of the financial crisis that rocked the crypto space in 2022. The crypto company had to halt withdrawals after losing around $190 million to the Terra ecosystem’s…