UK Economic Secretary to the Treasury Bim Afolami has said the UK government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report. Source
Some crypto projects are not as volatile as other projects on the blockchain, they are called stablecoins, Dai (DAI) is one of such coins. Dai (DAI) is linked to the US dollar by 1:1. Investors use stable coins like Dai (DAI) to escape the level of uncertainty that comes with regular coins. Bitcoin (BTC) is the oldest cryptocurrency on the blockchain. Bitcoin (BTC) paved the way for other cryptocurrency projects. We do not know the identity of the creator(s) of Bitcoin (BTC), they use the moniker, Satoshi Nakamoto. Pushd (PUSHD)…
Investors in the bitcoin Ponzi scheme Mirror Trading International are reportedly resisting liquidators’ attempts to have them repay digital assets withdrawn before it collapsed. According to the investors’ lawyer, MTI liquidators are intentionally misinterpreting the Insolvency Act for their benefit. Liquidators Face Accusations of Prolonging the Settlement Process A group of Mirror Trading International (MTI) […] Source CryptoX Portal
Dogecoin is showing bullish signs above the $0.0875 zone against the US Dollar. DOGE could extend its rally toward the $0.100 resistance in the near term. DOGE is showing positive signs above the $0.0875 zone against the US dollar. The price is trading above the $0.0880 level and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.0842 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could extend its rally above the $0.090 and…
Crypto analyst Miles Deutscher has spotlighted several altcoins, with a special focus on artificial intelligence (AI) tokens, that demonstrate strong breakout potential in the current market rebound. ETH On The Rise In a recent post on X (formerly Twitter), Deutscher suggests that the upcoming Ethereum (ETH) Dencun upgrade, along with advancements in the AI industry, could drive significant price movements in related tokens. Deutscher emphasizes the upcoming ETH Dencun upgrade, noting that while much attention has been directed towards Bitcoin (BTC) and exchange-traded fund (ETF) flows, ETH has been steadily…
Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to reach $100,000 by June this year. This prediction aligns with his earlier forecast of bitcoin’s rise and gold’s decline. Kiyosaki recently increased his bitcoin holdings in anticipation of a price surge fueled by the recent approval of spot bitcoin exchange-traded funds (ETFs) […] Original
Ethereum price is showing positive signs above the $2,850 support. ETH eyes more gains and might surge toward the $3,000 resistance zone. Ethereum is slowly moving higher above the $2,800 support zone. The price is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Remains Supported Ethereum price remained well-bid and slowly moved higher…
Renowned Bitcoin analyst PlanB, known for his stock-to-flow model for BTC, has made a bold prediction regarding the future price of BTC. What sets this forecast apart is its evaluation in terms of gold ounces, shedding light on a unique perspective. The PlanB Projection: Bitcoin Meteoric Rise According to PlanB’s recent post on X, he foresees a monumental shift in Bitcoin’s value, expected to rise significantly in the coming years. Drawing a comparison with gold, PlanB highlighted that currently, one Bitcoin is equivalent to 26 ounces of gold, valuing an…
Bitcoin price is correcting gains from the $52,500 resistance. BTC must stay above the $50,500 support to remain in a bullish zone this month. Bitcoin price is struggling to clear the $52,800 resistance zone. The price is trading below $52,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $52,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a clear move below the $50,500 support.…
Automatic decentralized crypto exchange FixedFloat seemingly suffered a multi-million hacker attack, resulting in a loss of Bitcoin and Ethereum. In an X post on Feb. 18, the FixedFloat team addressed the issue after it was first reported by blockchain researcher @reprove. While the details regarding the nature of the hack remain undisclosed, the developers characterized it as a “minor problem.” Despite this, the acknowledged a loss of at least 1,700 Ethereum (ETH), valued at approximately $4.7 million at the time of writing. , @FixedFloat just got exploited/the developer ran away…