On March 29, 2024, with a trading price of $70,075, and oscillating within a 24-hour range of $68,362 to $71,754, bitcoin’s current market behavior reveals significant consolidation and neutrality. Bitcoin Bitcoin’s 1-hour chart reveals recent volatility, with a significant bounce from a low of approximately $68,362, suggesting a strong support level. Conversely, the resistance near […] Original
BlackRock’s push into crypto has been expeditious, but it may be hitting the brakes after bitcoin and ether. The January launch of bitcoin exchange-traded funds was a huge breakthrough for crypto that may have changed the market forever. That’s largely thanks to the unlikely endorsement of the asset class by the firm: BlackRock first filed for its iShares Bitcoin Trust (IBIT) about seven months before the launch. Since then, the firm filed for an ETF that would track the price of spot ether, the second-largest cryptocurrency by market cap. The…
In a March 14 decision, Judge James Mellor, who heard the case brought by the Crypto Open Patent Alliance (COPA), also found Wright didn’t author the Bitcoin white paper nor the initial versions of the Bitcoin software. Shortly after that, Wright notified Companies House, the U.K.’s register of companies, that shares in his RCJBR Holding company had been transferred to DeMorgan, a company organized under the laws of Singapore. Source
The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S. are reportedly reviewing cryptocurrency transactions valued at $20 […] Source
Retail and institutional investors alike are taking notice as Dogecoin (DOGE), the playful cryptocurrency born from internet fame, experiences a surprising surge. Prices jumped almost 10% in a single day this week, marking a 37% increase over the past seven days, according to CoinGecko. This unexpected rally has the “Doge army” howling with excitement, but experts caution that the future of this meme-inspired coin might not be all sunshine and rainbows. DOGE up nearly 10% in the last day. Source: Coingecko From Meme To Market Mover Dogecoin, launched in 2013…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DeeStream emerges as a compelling option for Litecoin and Chainlink investors, offering interesting blockchain solutions to the streaming industry’s challenges, as it gears up for significant growth in its presale phase. The streaming industry is currently worth $160.55B and is expected to grow to $247B by 2027. Its market is set to expand as products arise to solve its many problems. In this regard, DeeStream (DST) is a novel…
Sovryn’s and BOB are offering early users a piece of the new Bitcoin economy. With the Bitcoin Halving less than a month from now, Bitcoin will get two significant technological additions: Rollups, which will allow an increase in user adoption, lower fees, and smart contract capabilities, and native Bitcoin tokens called Runes. These two additions […] Original
Despite being blacklisted by OFAC, the Tornado Cash mixer continues to operate, helping North Korea-linked hackers in laundering millions of stolen crypto. The DPRK-affiliated hacking group Lazarus Group successfully laundered hundreds of millions of dollars worth of Ethereum (ETH) stolen from HTX (formerly Huobi) and Heco Bridge in November 2023. Taylor Monahan, the founder and CEO of MyEtherWallet, revealed in an X post on Mar. 28 that the hackers had successfully laundered over 48,194 ETH (currently valued at ~$170 million) through Tornado Cash, a mixing service sanctioned by the Office…
According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.” Da Ros suggests that this culture, combined with the […] Source
Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply and demand dynamics to forecast price movements. Understanding The Wyckoff ‘SOS’: Bitcoin To $100,000? The Wyckoff Method, developed by Richard D. Wyckoff, is a framework for understanding market structures and predicting future price movements through…