Day: November 23, 2023

XRP Price Prediction – Indicators Suggest Fresh Bull Run If XRP Clears $0.642

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XRP price started a downside correction and tested $0.572. The price is now rising and might gain bullish momentum if it clears $0.642. XRP started a downside correction below $0.650 and $0.620. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.608 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.642 resistance zone. XRP Price Holds Key…

CZ an ‘unacceptable risk of flight,’ should stay in US: DOJ

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United States government prosecutors are trying to stop former Binance boss Changpeng “CZ” Zhao from leaving the country, expressing concern about his potential flight risk. In a Nov. 22 filing to a Seattle federal court, U.S. prosecutors requested a review and overturn of a judge’s decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) on a $175 million bond under the condition he returns to the U.S. two weeks before his February 2024 sentencing. In a proposed order, U.S. prosecutors wrote Zhao “presents…

After 5% Surge, Is ETH Increase Just Getting Started?

Ethereum price recovered all losses and climbed above $2,050. ETH outperformed Bitcoin and might aim for more gains above the $2,120 resistance. Ethereum remained strong above $1,930 and started a fresh increase above $2,000. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is up over 5% and the bulls could aim for more upsides above $2,100. Ethereum Price Turns Green…

Binance’s Ex-CEO CZ ‘Poses a Serious Risk of Flight,’ Prosecutors Claim in Asking He Stay in U.S.

This is insufficient, prosecutors said in Wednesday’s filing. If Zhao did not return to the U.S., they wouldn’t be able to secure the $175 million bond as most of his assets are outside the country, and Zhao is wealthy enough that he could pay off the rest of the funds without an issue, they said. There also isn’t an extradition treaty between the UAE and the U.S. Source

Is Binance’s $4B settlement the green light for spot Bitcoin ETFs?

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Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin exchange-traded funds (ETFs), many industry watchers claim. The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange in line with Anti-Money Laundering and sanctions rules, among other things. The Securities and Exchange Commission has cited market manipulation when denying spot Bitcoin ETFs and Binance’s market dominance had to take a hit before BlackRock’s spot…

Key takeaways from Magic’s guide to selecting a wallet-as-a-service

In web3, choosing an appropriate Wallet-as-a-Service (WaaS) provider is critical for any forward-thinking brand. Magic Labs, a wallet-as-a-service (WaaS) provider, recently released a guide to help users choose the ideal solution.  This article distills the key takeaways in Magic Labs’ manual, illuminating the crucial aspects individuals/businesses should consider when choosing a wallet-as-a-service provider.  Understanding wallet-as-a-service The report starts by explaining WaaS and why it is an essential component of web3. To elaborate, it offers a solution for managing digital assets and facilitating secure transactions within blockchain ecosystems.  Unlike traditional digital wallets, WaaS…

Bitcoin Price Returns To Key Resistance As The Bulls Aim For $40K

Bitcoin price trimmed all losses and climbed above $37,000. BTC is now eyeing a major upside break above the $37,750 and $38,000 resistance levels. Bitcoin is showing positive signs and testing the $37,750 resistance. The price is trading above $37,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $37,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if it clears the $38,000 resistance zone. Bitcoin Price Regains…

Synthetix (SNX) Shines As TVL Hits $670M, Analyst Predicts Continued Upswing

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Synthetix (SNX), currently positioned as the 54th largest cryptocurrency, has been closely aligned with the overall market trend. Over the past 30 days, SNX has experienced a substantial uptrend of 60%, while its year-to-date performance shows an impressive price increase of over 108%.  These notable achievements indicate the potential for continued bullish momentum for the decentralized protocol and its native token. Significant Growth For Synthetix As Demand For On-Chain Derivatives Surges Renowned cryptocurrency analyst and writer, Jake Pahor, has expressed a highly optimistic outlook on SNX, hailing it as the…

Avalanche C-Chain Burning $12.65 Of AVAX Every Second, What Does It Mean For Price?

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Taking to X on November 22, one user, @kevinsekniqi, notes that the Avalanche C-Chain is burning roughly $12.65 of AVAX every second, a development that could be a massive boost for AVAX in the long term. The surge in AVAX burning on the C-Chain is primarily due to the launch of inscriptions, which permit storing data on the Avalanche’s C-Chain, pushing the number of AVAX being taken out of circulation. Avalanche Burning AVAX At Record Pace @kevinsekniqi estimates that if the burn rate is maintained at spot rates, it could see…