Month: February 2024

Ethereum Price Consolidates While Bitcoin Surges, Can ETH Follow BTC Later?

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Ethereum price is consolidating gains above $2,400. ETH could start a major increase if there is a clear move above the $2,460 resistance. Ethereum is consolidating gains below the $2,460 resistance zone. The price is trading above $2,400 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a close above the $2,460 and $2,480 levels. Ethereum Price Aims Higher Ethereum price…

Bitcoin Price Climbs To $46K, Uptrend Could Extend To $48K?

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Bitcoin price is gaining pace above the $45,500 resistance. BTC tested $46,000 and could extend its rally toward the $48,000 resistance. Bitcoin price climbed higher above the $44,500 and $45,000 resistance levels. The price is trading above $45,000 and the 100 hourly Simple moving average. There is a key connecting bullish trend line forming with support at $45,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $46,000 resistance zone. Bitcoin Price Jumps 5% Bitcoin price…

UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program

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In a recently reviewed unpublished report by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks.  Nuclear Upgrades And Crypto Cyberattacks Unveiled According to Reuters, the independent panel of sanctions monitors revealed that despite international sanctions, North Korea continued to defy regulations by enhancing its nuclear arsenal and producing nuclear fissile materials.  The monitors further noted that the country conducted ballistic missile launches, deployed a “tactical nuclear attack submarine,” and even placed a satellite…

CoinDesk’s New Owner Bullish Replaces CEO in Restructuring

CoinDesk and Bullish employees were informed of the changes via a memo on Thursday from Bullish CEO Tom Farley, who said the restructuring was designed to shift CoinDesk’s media, indices and events businesses into a flatter organizational structure. Some CoinDesk functions, such as Human Resources, will now report to their equivalents at Bullish. CoinDesk’s tech and product teams will also be integrated with Bullish, said Farley. Source

Prometheum’s Ethereum Custodial Launch Puts SEC’s ETH Classification In The Spotlight

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Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security.  SEC Pressured To Settle Ethereum Legal Status Per the report, Prometheum, based in New York, has positioned itself as a compliant player in the crypto industry by claiming to…

US-Based Crypto Exchange Cracks Into Europe’s Fifth-Largest Economy With VASP Registration

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A prominent US-based crypto exchange platform is venturing into Europe’s fifth-largest economy after acquiring the proper registration. In a new press release, crypto trading platform Kraken announced that it has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB), allowing it to expand its services into the Netherlands. VASP licenses give crypto firms clear guidelines on how to operate digital asset services within the European Union (EU). As stated by Brian Gahan, the managing editor of Kraken’s European branch, in the press release, “With the addition of…

Craig Wright admits forging key documents to claim Satoshi Nakamoto identity

On the fourth day of the COPA v. Craig Wright trial, Wright conceded that many documents he presented to affirm his claim as Satoshi Nakamoto were indeed forged.  Highlighting this development, COPA showcased evidence of anachronisms, including fonts that did not exist when the documents were supposedly created, leading Wright to admit their inauthenticity. However, Wright shifted blame to several third parties: mistakes by former solicitors, sabotage by ex-employees, hackers compromising his systems, and even the IT environment, which he claimed could autonomously alter documents. This casts Wright, who professes…

Ethereum Staking Reaches Historic Milestone As ETH Price Barrels Past $2,400

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Ethereum staking has been ramping up despite the poor performance of the ETH price over the past year. Liquid staking protocols such as Lido Finance have continued to see the amount of ETH being staked rise, and as a result of this continued interest in staking ETH, the total amount of supply that has been locked so far has reached a new all-time high. 25% Of All ETH Are Now Staked In an interesting turn of events, the total percentage of ETH supply that is being staked has crossed the…

Ether’s Prometheum Test

See also: DeFi Shouldn’t Have to Worry About the SEC’s Expanded Broker Rule | Opinion “The stakes aren’t just high for Prometheum and the rest of the industry, but also for the government agency that has claimed for years that there’s a proper way for crypto firms to ‘come in and register’ to do business in the U.S.; Prometheum came in and registered but what happens next is unclear. And while it tests these murky waters, it may also help establish whether the SEC intends to view ETH as a…