Congressional movement, both in the Senate and the House, on stablecoin legislation picked up pace in the past few weeks. Waters said that the U.S. Federal Reserve, the Treasury Department and the White House have all had input in crafting the bill, the report said. Source
Crypto analysts are sounding the alarm on Dogecoin as a classic chart pattern, known for predicting bearish trends, has emerged. Technical analyst Josh Olszewicz, @CarpeNoctom, flagged a potential Head and Shoulders (H&S) formation on the DOGE/USD 12-hour chart on X, hinting at a possible significant price drop if the pattern validates. The H&S pattern is a technical indicator traditionally viewed as a bearish signal within the trading community. The pattern is composed of three peaks, with the central peak (the head) being the highest and the two outside peaks (the…
Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp. Original
The Wall Street giant opened up bitcoin ETF purchases after they had been approved earlier this year. However, this was done only on an unsolicited basis. The bank is now looking to let its brokers pitch bitcoin ETFs directly to its customers, the report added. Source
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […] Source CryptoX Portal
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following the recent Bitcoin halving, DeeStream’s presale attracts heightened attention from Avalanche and Ripple investors. One major event in the crypto ecosystem that has fueled investors’ movement is the Bitcoin halving in mid-April, which has been anticipated since the last one, four years ago. Unlike in the past when Bitcoin surged to an all-time high after halving, this time around, Bitcoin surged to an all-time high before halving. A…
The recent Bitcoin halving event, which cut the block reward for miners in half on April 20, 2024, has sparked a wave of optimism in the cryptocurrency market. While a brief dip in a key futures metric hinted at potential short-term bearishness, overall market indicators suggest a bullish trend taking hold. Analysts at Kaiko, a market data provider specializing in crypto derivatives and futures, reported a shift in Bitcoin’s funding rate leading up to the halving. The funding rate is a fee paid between long and short position holders in…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid BCH’s downturn and ALGO’s withdrawal, Koala Coin’s presale excels, promising secure and whimsical investment opportunities. While Bitcoin Cash (BCH) navigates a downturn and Algorand (ALGO) seems to recede into the shadows, Koala Coin (KLC) shines in its Stage one presale with a price of $0.014. Leveraging avant-garde blockchain technology to ensure transactions are both secure and fluid, Koala Coin (KLC) is pioneering an investment landscape where the financial…
Solana attempted a recovery wave above the $140 level. SOL price is now struggling to clear the $160 and $170 resistance levels. SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below $160 and $170 for a long…