Month: March 2024

Taiwan’s FSC to set cryptocurrency regulation by September

Taiwan plans to introduce a legislative framework for regulating cryptocurrencies by September of this year.  This initiative aims to bring strict measures against local and international cryptocurrency entities.  According to local reports, Huang Tianzhu, the Financial Supervisory Commission (FSC) chairman, emphasized the rising concern of fraudulent crypto-related activities, indicating that strict administrative penalties would be enforced on crypto exchanges and foreign currency merchants. Tianzhu also stressed that virtual assets bear no correlation to the real economy and highlighted the potential increase in investment disputes and risks associated with unregulated overseas…

Dogecoin Price Pumps To $0.20, Can DOGE Bulls Send It To $0.25

Dogecoin is up over 100% against the US Dollar. DOGE rallied toward the $0.20 resistance and might continue to rise toward the $0.225 resistance. DOGE extended its rally above the $0.150 resistance against the US dollar. The price is trading above the $0.180 level and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could extend its rally above the $0.200 and $0.2120 resistance levels. Dogecoin…

Ethereum Price Follows Bitcoin Surge, Why $4K Is Just A Matter of Time

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Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone. Ethereum is gaining pace above the $3,550 resistance zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be setting up for a move toward the $3,850 and $4,000 levels. Ethereum Price Starts Fresh Surge Ethereum price extended its rally…

Skybridge Founder Insists It’s ‘Still Very Early’ to Buy BTC — Sees Bitcoin as the New Berkshire Hathaway

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Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.” ‘Bitcoin Is […] Original

Ethereum Foundation makes $13.3m ETH transfer, prompting market speculation

A wallet reportedly linked to the Ethereum Foundation has liquidated $13.3 million in ETH, raising eyebrows and sparking conversations about a possible price decline.  The Ethereum Foundation‘s decision to liquidate $13 million worth of Ethereum (ETH) has left investors contemplating the transaction’s potential impact on the price of the world’s second-largest cryptocurrency by market capitalization. Traditionally, the foundation’s actions are considered precursors to market shifts, triggering concerns about a potential decline. Despite this, Ethereum displays bullish signals as the charts look today. The Ethereum price chart presents an optimistic view…

Tether Unveils Recovery Tool for Enhanced Blockchain Stability and User Asset Protection

Tether introduces a robust blockchain recovery plan to secure USDT tokens and ensure uninterrupted access across multiple blockchains. Tether (USDT) has announced the implementation of a comprehensive blockchain recovery plan. This plan is designed to ensure uninterrupted accessibility of USDT tokens across several blockchains, safeguarding user assets against potential disruptions. Tether’s Proactive Approach to Blockchain Disruptions Tether, the world’s largest stablecoin by market capitalization, is a linchpin in the global cryptocurrency market and holds a vital position in emerging markets and developing countries. Recognizing its essential role in daily transactions…

Bitcoin Price Sets Eyes On New ATH, $70K Could Be Next Hurdle

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Bitcoin price is up over 8% and trading above the $67,500 resistance. BTC is eyeing a new all-time high and could even hit the $70,000 level. Bitcoin price is moving higher above the $66,500 support zone. The price is trading above $67,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher toward the $69,200 resistance or even $70,000. Bitcoin Price Rallies Again Bitcoin…

Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’

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Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave” of demand for bitcoin due to spot bitcoin exchange-traded funds (ETFs), he described: “It’s in a new era […] Original

Exciting Launch For TRON Coming, Sun Sends Token 24% Up

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TRON (TRX) Founder Justin Sun made an announcement earlier today that created expectations about what’s coming to the ecosystem. Additionally, a second post by Sun made the price of a token surge by 24% in a matter of minutes. TRON-Based Inscriptions Market To Launch Soon Recently, the TRON network made it into the news after reaching 95 million total addresses. As reported by NewsBTC, TRON significantly surpassed other Layer-1 networks in address growth, including Avalanche and Cardano. This time, TRON is in the headlines after its founder, Justin Sun, shared…

Tether Launches Blockchain Recovery Tool As Stablecoin Circulation Hits Record $100 Billion

Tether Holdings’ USDT stablecoin token has reached a significant milestone by briefly surpassing $100 billion in circulation and market capitalization, making it the first stablecoin to reach this size. Tether’s USDT aims to maintain a one-to-one value with the US dollar and has experienced a circulation increase of over 9% since the beginning of the year, driven by the growing demand for Bitcoin (BTC), which is currently trading at its highest value in over two years of $66,000.  USDT Market Share Hits 70%, Exceeding $100 Billion In Circulation CoinGecko data…