Day: March 1, 2024

Bitcoin Price Turns Attractive On Dips, 100 SMA Is The Key

Bitcoin price is correcting gains from the $64,000 resistance. BTC might find strong support near the $59,250 level or the 100 hourly SMA. Bitcoin price is correcting gains below the $62,250 resistance zone. The price is trading above $60,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower toward $60,000 or even to the 100 hourly Simple moving average. Bitcoin Price…

Gods Unchained Goes Mobile: Play-to-Earn NFT Game Launches on Google Play and Apple App Store

On Thursday, the creators of the Immutable X-powered non-fungible token (NFT) game Gods Unchained announced that the game is now accessible on mobile devices. The Gods Unchained application has made its debut on both the Google Play Store and Apple’s App Store across the globe. God’s Unchained Launches Mobile Application The popular play-to-earn strategy card […] Source CryptoX Portal

Analyst Predicts New All-Time High As Cardano Surges by 30%

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Cardano (ADA), the ninth-largest cryptocurrency in the market, has experienced a significant price breakout, reaching $0.710 on Thursday for the first time since May 2022.  This marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase encompassing the latter part of 2023 and the initial month of 2024. With the price surge, ADA now sets its sights on the $1 mark, which it last achieved in April 2022. ADA Primed For New All-Time Highs?  The recent price breakout has sparked predictions of an imminent continuation of…

JPMorgan Analysts Predict Bitcoin Crash To $42,000 Post-Halving

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Bitcoin, the world’s largest cryptocurrency, faces a potential downturn in its price following the anticipated halving event scheduled for April, according to analysts at JPMorgan led by Nikolaos Panigirtzoglou. This event occurs approximately every four years and is expected to slash miner rewards from 6.25 BTC per block to 3.125 BTC. As a result, JPMorgan analysts have warned that the Bitcoin price could drop toward $42,000 post-halving. Reason Behind The Potential Crash To $42,000 The analysts attribute this potential decline to the reduced profitability for miners and the subsequent increase…

Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report

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Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill […] Original

SEC in ‘Enforcement-Only Mode’ for Crypto, Commissioner Peirce Says at ETHDenver

Since joining the SEC in 2018, Peirce, a lawyer, has openly advocated for crypto in the face of skepticism from many of her colleagues, including current Chair Gary Gensler. While prefacing her remarks with a “these views are my own” disclaimer, Peirce spoke openly about her frustration with the regulator’s willingness to seemingly pass judgment on crypto as an asset class. Source

ICO finds the Home Office’s pilot of GPS electronic monitoring of migrants breached UK data protection law

Home Office pilot scheme failed to assess privacy intrusion of GPS monitoring Government did not provide migrants on the pilot scheme clear information on what data it was collecting and why Information Commissioner says it’s crucial the UK has ‘appropriate checks and balances in place to ensure people’s information rights are respected’ The Information Commissioner’s Office (ICO) has issued an enforcement notice and a warning to the Home Office for failing to sufficiently assess the privacy risks posed by the electronic monitoring of people arriving in the UK via unauthorised…

Bitcoin Volatility Induces $700 Million Carnage In Crypto Futures

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Data shows the cryptocurrency futures market has seen liquidations amounting to $700 million in the past day as Bitcoin has gone through its volatility. Bitcoin Has Seen Intense Price Action In Past 24 Hours The past day has been a bit of a rollercoaster for Bitcoin, with the asset registering sharp price action in both directions but ultimately going up as the bulls win out. The chart below shows what the price action for the cryptocurrency has looked like recently. The price of the asset seems to have enjoyed sharp…