Month: September 2023

BNB Price Prediction – Poised For Bullish Breakout Unless This Changes

BNB price (Binance coin) stayed above the main $202 support against the US Dollar. The price is recovering and might rally if there is a move above $220. Binance coin price is slowly moving higher above the $212 level against the US Dollar. The price is now trading above $214 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum…

Ethereum Price Gains are Slowing but Not Likely Over – Here’s Why

Ethereum price faced resistance near $1,650 against the US Dollar. ETH corrected gains but the $1,620 support might spark another upward movement. Ethereum is eyeing a key upside break above the $1,650 resistance. The price is trading above $1,625 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $1,650 and $1,670. Ethereum Price Aims Higher Ethereum’s price…

Deutsche Bank to secure crypto for institutions, TRX and DOMI may find support

Deutsche Bank will provide secure storage solutions for institutional investors to address crypto investment concerns. This development could impact established and emerging projects like Tron (TRX) and Domini.art (DOMI). Domini.art is a platform that uses blockchain technology and traditional art practices to offer services in the decentralized finance (defi) industry. It has been gaining attention in the crypto market for its combination of art and finance.  Domini.art’s presale is also in progress. Domini.art decentralizes art Domini.art allows investors to invest in blue-chip artwork through fractional ownership.  To make this possible,…

Bitcoin Price Holds Strong At 100 SMA – A Strengthening Case For Upside

Bitcoin price is holding the $26,400 support zone. BTC could gain bullish momentum if there is a close above the $27,000 resistance zone. Bitcoin is holding gains above the $26,200 support level. The price is trading above $26,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it settles above $26,850 and then $27,000. Bitcoin Price Holds Ground Bitcoin price…

Web3 is about solving business problems, not token prices: Google Cloud exec

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The crypto industry is far too focused on token prices, rather than figuring out how smart contracts can be used to solve real-world business problems, according to Google Cloud’s Web3 lead.  In an interview with Cointelegraph, Google Cloud’s Head of Web3 James Tromans stressed the need to focus more on the business logic in the smart contract rather than the supply and demand dynamics of the token: “What are the business problems that you want to get executed? When you’re running a smart contract to execute some business logic to…

JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis

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Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.  In a Sept. 17 blog post, JPEX said “unfair treatment” from certain institutions in Hong Kong, along with negative news — caused its third-party market makers to “maliciously” freeze funds. “They demanded more information from the platform for negotiation, restricting our liquidity and significantly increasing our daily operating costs, leading to operational difficulties.” Blaming the liquidity crisis, JPEX announced that all operations affiliated with…

Binance.US exchange volume slumps amidst crisis

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Trading activity on Binance.US has reached new lows in September, as the crypto exchange faces unprecedented challenges. On Sep. 16, exchange volume stood at $5.09 million on Binance.US, as reported by Amberdata on The Tie Terminal.  The lowest point for the month was on Sep. 9, when trading activity totaled $2.97 million. This is a significant drop compared to Sep. 17, 2022, when its trading volume was around $230 million. Binance.US exchange volume over the past 12 months. Source: The Tie Terminal/Amberdata Binance.US is the offshoot in the United States of…

3 steps crypto investors can take to avoid hacks by the Lazarus Group

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Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it’s crucial to understand the type of threat that exists today.  FBI has clear evidence on the Lazarus Group The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to…

Crypto Exchange Gemini Says Investment Giant DCG Is Using Misleading Assertions in Bankruptcy Plan

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Digital asset exchange Gemini says venture capital firm Digital Currency Group (DCG) is engaging in deceptive practices to avoid fulfilling its full obligations to the creditors of its crypto lending unit Genesis. In July, Gemini filed a lawsuit against DCG after Genesis went bankrupt while owing $735 million worth of assets to users of Gemini Earn, a program that enabled the exchange’s customers to lend their cryptocurrencies and earn interest. On September 13th, DCG  proposed an agreement offering unsecured creditors, including Gemini Earn users, to recover a significant portion of…