Month: February 2024

LMAX Exchange Connects with 4OTC’s Libre Liquidity Bridge

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LMAX Exchange, which allows institutions to trade foreign exchange, announced today (Tuesday) its connection with 4OTC’s Libre Liquidity Bridge service, which will enable liquidity providers to stream FX liquidity on the exchange “with ultra-low latency.” 4OTC offers connectivity services for both digital assets and forex. Its Libre service provides co-located connectivity to multiple liquidity providers and venues trading digital assets and forex. To LMAX Exchange, Libre will offer connectivity to London (LD4), New York (NY4), Singapore (SG1), and Tokyo (TY3). Further, it will enable the exchange to streamline connectivity management…

British Columbia Court upholds moratorium on crypto mining projects in Canadian province

A recent ruling by a British Columbia Supreme Court Justice, Michael Tammen, has affirmed the provincial power utility B.C. Hydro’s decision to implement a moratorium on new cryptocurrency mining projects. The latest decision came as a response to a challenge by Conifex Timber, a forestry company that had ventured into cryptocurrency mining alongside the Tsay Keh Dene Nation, an Indigenous group. In the Feb. 5 ruling, Justice Tammen deemed the moratorium, established in December 2022, a prudent measure aimed at managing the province’s electrical supply amidst soaring demands from the…

Crypto Analyst Highlights Why XRP Price Is Ready For Takeoff

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In a technical analysis, crypto analyst Dark Defender has provided a bullish perspective on the XRP price action, indicating that the cryptocurrency is on the cusp of a potential breakout. The analysis presented is based on a daily chart that encapsulates several advanced technical indicators and theories. Why A XRP Price Breakout Is Imminent The core of Dark Defender’s analysis is the completion of a five-wave corrective structure, as posited by Elliott Wave Theory. This theory suggests that markets move in repetitive cycles, with the five-wave pattern indicating a correction…

First US bank to let customers keep crypto leaves crypto industry

The American Vast Bank, the first in the United States to offer its clients tools for working with cryptocurrencies, has decided to leave the crypto industry. Information about this appeared on the credit institution’s website. Due to the refusal to work with cryptocurrencies, the Vast Bank team closed the mobile application through which bank clients could conduct transactions with digital assets. “To strategically align our operations, effective Wednesday, January 31st, 2024, we will be disabling and removing the Vast Crypto Mobile Banking application from Google and Apple, which means your…

UNI Price Prediction – Uniswap Bulls Sight Key Bullish Move To $7

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UNI price is moving higher from the $6.00 support. Uniswap is up 5% and it could rally if there is a clear move above the $6.35 resistance zone. UNI started a fresh increase from the $5.50 support zone. The price is trading above $6.00 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $6.20 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is showing bullish signs and might rally if it clears the $6.35…

What’s Ahead For Bitcoin? Expert Forecasts Pre-Halving Rally As Early As Next Week

Bitcoin (BTC), the largest cryptocurrency in the market, has seen its price hover between $42,000 and $43,000, halting its recovery from the dip below $38,500.  With the upcoming halving event scheduled for April, market experts and crypto analysts such as Rekt Capital are observing historical patterns that suggest an interesting price action scenario, potentially igniting another significant price surge for Bitcoin. Pre-Halving Rally For Bitcoin Imminent?  Rekt Capital, known for its expertise in analyzing market trends, highlights the significance of historical patterns about previous halving events. These patterns reveal a consistent…

Will $100,000 Bitcoin A Reality? This Top Crypto Visionary Thinks So

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A notable figure in the crypto sphere, Blockstream CEO Adam Back, recently highlighted the potential for Bitcoin to rise to $100,000 with a compelling visual metaphor. Halving To Drive Bitcoin To $100,000 Back, whose work was acknowledged by Satoshi Nakamoto in the Bitcoin whitepaper, posted an image of a car’s side mirror with a text reading “$100k BTC.” Accompanied by the caption “laser ray ’til halving day Bitcoin,” this post has sparked a wave of optimism within the community. The mirror warning image suggests that Bitcoin reaching $100,000 might be…

Bitcoin Price Aims Higher, Decoding Key Hurdles To Fresh Increase

Bitcoin price is consolidating above the $42,250 support zone. BTC could start a decent increase if it clears the $43,000 and $43,400 resistance levels. Bitcoin price failed again to clear the $43,400 resistance zone and corrected lower. The price is trading below $43,000 and the 100 hourly Simple moving average. There is a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if there is a clear move below the $42,250 support. Bitcoin…