A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it […] Original
Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. Anza Calls for […] Source CryptoX Portal
The Akita Inu, a majestic breed hailing from Japan’s northern prefecture of Akita, has gained international acclaim in recent years. To combat rising concerns about pedigree forgery and lost documents, the Akita Inu Preservation Society is embracing the digital age. They’ve partnered with a tech firm to develop a secure system using blockchain technology, the same system that underpins cryptocurrencies. Akita Goes Global: Digital Pedigrees Meet International Demand The Akita Inu Preservation Society has witnessed a surge in overseas membership, with numbers jumping from 300 in 2022 to nearly 500…
Authorities in Taiwan are reportedly accusing crypto exchange executives and dozens of others of running a multimillion-dollar crypto scam. According to a new report by the Taipei Times, prosecutors are charging 32 people with fraud allegedly related to the ACE crypto exchange, recommending 20-year sentences for the four operators of the trading platform. Those arrested include David Pan and Lin Keng-hong, the founders of the ACE crypto exchange platform, and Wang Chen-huan, the chairman of the firm. The Taiwanese government says that the scheme defrauded about 1,200 out of $24.56…
The top cryptocurrencies to keep an eye on this week include Bitcoin (BTC), Ethereum (ETH), and Pepe (PEPE). Bitcoin whales taking profits Bitcoin has seen a decrease in whale activity since March 14. However, a surge in whale transactions could potentially boost BTC prices. Notably, crypto analyst Lookonchain recently highlighted a significant movement of 1,200 Bitcoin, worth an eye-watering $77.67 million, by a whale into the Kraken exchange. A whale deposited 1,200 $BTC($77.67M) into #Kraken 43 minutes ago. The whale accumulated 24,755 $BTC($1.68B) at an average price of $68,051 from…
Render (RNDR), the cloud-based rendering network, is stirring excitement in the crypto market with technical indicators and analyst predictions hinting at a substantial price surge in the coming weeks or months. Render Breaks Free From Technical Chains Technical analysis paints a bullish picture for RNDR. The token has recently broken out of a bullish technical pattern known as the Dragon Pattern, also referred to as the supply line. This breakout historically signifies a potential shift in momentum, with prices likely to trend upwards. RNDR 24-hour price action. Source: Coingecko Adding…
In an era increasingly defined by surveillance and oversight, Amir Taaki stands out as a key figure in the Bitcoin movement, sounding a clarion call for crypto awareness following the indictment of Samourai Wallet. Taaki’s latest initiative, “Darkfi,” seeks to pioneer a completely anonymous platform for collaborative fundraising and distribution, posing a challenge to existing […] Source CryptoX Portal
A U.S. presidential candidate is hyped about blockchain technology; Bitcoin’s bull run — post halving — appears doubtful; and regulators are expected to deny spot Ethereum ETF approval. Here’s crypto.news’ weekly recap. RFK Jr. opines about blockchain During an April 21 rally in Michigan, U.S. presidential candidate Robert F. Kennedy Jr. said that putting the U.S. budget on the blockchain would allow Americans to access any budget item at any time. Integrating the budget with blockchain technology will significantly increase transparency, he says, adding, “If somebody is spending $16,000 for…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The fallout from the FTX collapse and the accompanying media circus left unexpected and wide-reaching disruption. Still, the truth is that it expedited the realization that centralized exchanges (CEXs) are broken. How we pick up the pieces will have a long-lasting impact on our industry. It is not the role of regulators to prevent another FTX collapse. Without meaningful change, this new money system will continue to…
Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others. ACE Exchange Defendants Face Potential Lengthy Jail Term On Friday, April 26, the Taipei District Prosecutors’ Office indicted 32 individuals involved in an alleged money laundering and fraud scheme. Among those indicted are Pan, his business partner Lin Keng-hong, and attorney Wang…