The country’s registered crypto investors also surged to 19 million users last month. Source
Indonesia’s Crypto Market Booms as Transactions Hit $1.92B in February
Day: March 18, 2024
SOL Price Crosses $200 Milestone, What’s Next For Solana?
Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term. SOL price gained bullish momentum and cleared the $200 resistance against the US Dollar. The price is now trading above $200 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $205…
Ethereum Price Grinds Lower, Why Pullback Is Not Over Yet
Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the near term. Ethereum started a downside correction below the $3,700 zone. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,750 resistance zone. Ethereum Price Dips Ethereum price started a downside correction below…
Dubai International Financial Centre Enacts Digital Assets Law
The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […] Source CryptoX Portal
Bitcoin (BTC) Back Above $67K as Memecoins Push up SOL and AVAX
“The weekend was filled with both fear and greed as BTC was driven down to $64,500 lows,” Singapore-based QCP Capital wrote in a note on Telegram. “BTC has since bounced back above $67,000, and we’ve seen heavy BTC put selling, which suggests that ‘fear’ has dissipated in BTC, and investors are happy to buy the dip.” Original
Crypto investors in China net $1.2 billion: Chainalysis
In 2023, investors in China’s cryptocurrency market saw impressive gains, accumulating approximately $1.15 billion, according to Chainalysis. This achievement placed them fourth globally, trailing behind the U.S., the United Kingdom, and Vietnam. Here’s a sneak peek of our country-based estimates for 2023 crypto investor gains. 1. USA at $9.36B 🇺🇲2. UK at $1.39B 🇬🇧3. Vietnam at $1.18B 🇻🇳4. China at $1.15B 🇨🇳5. Indonesia at $1.06B 🇮🇩 Read the full blog here to see the entire list. https://t.co/HfD1MuGiA7 — Chainalysis (@chainalysis) March 14, 2024 Chainalysis, a blockchain research firm in New…
Prediction Market Kalshi to Take Bets on Crypto (Settled in Dollars)
The CFTC-regulated platform will let traders bet on whether BTC will outperform ETH this year and other price outcomes amid renewed interest in both crypto and prediction markets. Source
Dave Ramsey Sides With Warren Buffett on Bitcoin — Calls BTC Currency Based on Thin Air
Personal finance expert and best-selling author Dave Ramsey says he agrees with Berkshire Hathaway CEO Warren Buffett regarding bitcoin. Viewing the crypto as a currency whose value is based on “thin air,” Ramsey stressed: “I wouldn’t wish bitcoin investments on somebody I really dislike.” Dave Ramsey on Bitcoin: ‘It’s Still Thin Air’ Personal finance guru […] Original
Reddit IPO 5x oversubscribed with $6.5b valuation: report
Reddit appears set to reach a $6.5 billion valuation with its initial public offering (IPO), according to Reuters. The San Francisco-based social media company’s IPO is currently between four and five times oversubscribed, the report continued, citing unnamed sources. This figure marks a decrease from the $10 billion valuation achieved in its last fundraising round in August 2021. The planned IPO price range is set between $31 and $34 per share. Reddit — which holds Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) according to its IPO filing — plans to…
XRP poised for gains as new AI altcoin eyes major growth
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid predictions of a bull market, XRP is anticipated to surpass its all-time high, bolstered by legal victories. Concurrently, InQubeta, a new cryptocurrency focused on democratizing AI investments, successfully raises funds through its presale, highlighting its potential in the evolving crypto landscape. Buying up Ripple (XRP) is a good crypto investment to make right now according to crypto expert and attorney Bill Morgan. He believes XRP’s price is poised…