Month: March 2024

Crypto Fever: Bitcoin Approaching $73,000 Milestone

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Bitcoin has set a new record by surpassing $71,000, solidifying its status as the digital counterpart to gold and overtaking the market capitalization of silver. Bitcoin A Tad Close To $73K This achievement, occurring with remarkable frequency since early March, saw Bitcoin registering a new all-time high of $72,750 today, marking a 5% daily increase and an 12% gain over the past week. The cryptocurrency’s consistent climb underlines its relentless ascent in the financial world. Amid the UK financial regulator’s announcement that it would permit the trading of cryptocurrency-backed securities,…

Binance’s Compliance Head and Africa Manager Detained in Nigeria for Two Weeks: Reports

The Nigerian government had invited the executives to discuss the current dispute with Binance. The duo had landed in Abuja on February 25, Wired reported, citing their families. After the first meeting with government officials, Gambaryan and Anjarwalla were “taken to their hotels, told to pack their things, and moved into a “guesthouse” run by Nigeria’s National Security Agency, according to their families,” the report said. Source

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar. The price is now trading above $150 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $140 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $156 and…

What’s at Stake as the Trial for Bitcoin Creator Satoshi Nakamoto’s Identity Wraps Up

COPA, which is backed by industry heavyweights like Twitter founder Jack Dorsey, Coinbase and Microstrategy, filed to take Wright to court in 2021. During the trial, which began Feb. 5, COPA’s attorneys from the law firm Bird and Bird tried to prove that Wright forged evidence supporting his claim to be Nakamoto and that Wright did not have the knowledge or expertise to create bitcoin. Source

What is happening around Terraform Labs and Do Kwon now?

The Terraform Labs and UST crisis triggered a market crash, costing investors billions. Now, nearly two years on, what’s the current state of this cryptocurrency turmoil? Do Kwon, the founder of Terraform Labs and the developer of TerraUSD (UST) and Luna tokens, continues to be a controversial and mysterious figure in the cryptocurrency world. In mid-March 2022, the value of UST and Luna plummeted to almost zero, quickly wiping out approximately $60 billion from investors’ holdings. Since then, there have been major developments. Kwon is awaiting extradition, and attempts are…

Ethereum Price Uptrend To Continue? These Factors Could Send ETH To $4,300

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Ethereum price cleared the $4,000 resistance zone. ETH is now consolidating gains and might extend its increase above the $4,100 zone. Ethereum traded to a new multi-month high above $4,050. The price is trading above $4,000 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $4,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,080 resistance zone. Ethereum Price Reclaims $4K Ethereum price remained well-bid above the $3,880 level and extended…

Cryptocurrency: Only a Scam When You Can’t Make Money Off of It

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Donald Trump was no fan of Bitcoin or cryptocurrencies in 2019. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019   In 2021, he called Bitcoin a scam. In 2024, he’s all for it. What changed? He figured out how to make money off of it. In this case, people paid for his…