Day: May 8, 2024

Crypto Analyst Predicts 350% Surge For Shiba Inu

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Crypto analyst Crypto Dona has predicted a 350% price surge for Shiba Inu (SHIB). He suggested that the meme coin will unlikely go higher than that in this bull run.  Shiba Inu To Rise To $0.00011 Crypto Dona revealed in an X (formerly Twitter) post that his price target for Shiba Inu is $0.00011 and that he doesn’t see the meme coin going higher. A rise to that level represents a 350% price surge for the meme coin, which will undoubtedly appeal to Shiba Inu investors. Related Reading: Here’s How…

Crypto Is an Election Issue This Year. Is That a Good Thing?

Interestingly, crypto seems to be of particular importance in key battleground states including Arizona, Michigan, Montana, Nevada, Ohio and Pennsylvania, according to an online Harris Poll survey of over 1,000 voters in each state commissioned by DCG in early April. One-third of voters with “crypto-positive” views think politicians should make regulating crypto a priority. Source

How High Can It Rise?

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In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday. The company has disclosed that it possesses between $14.5…

Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’

Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls “spurious” charges sets “a dangerous precedent for companies worldwide.” Teng stated that certain lawmakers in Nigeria demanded a significant payment in cryptocurrency to dismiss the charges against Binance. Binance CEO Laments ‘Spurious’ Charges Against Tigran […] Source CryptoX Portal

Cardano Offering Better Buying Window Than Other Top Coins, Santiment Reveals

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The analytics firm Santiment has revealed that Cardano (ADA) currently shows a slightly better buying opportunity than the other top coins. Cardano May Be Showing A Good Buying Opportunity According To RSI In a new post on X, Santiment discussed how the top assets in the cryptocurrency sector have been performing regarding the Relative Strength Index (RSI). The RSI here refers to a technical analysis (TA) indicator that tracks the velocity and magnitude of recent changes in any given commodity’s price. This momentum oscillator is generally used to judge whether…

From ‘Node Sales’ to ‘Address Poisoning,’ the Money’s in Crypto

NODES FOR SALE: It’s the blockchain industry’s latest innovation – not in technology, but in how to round up cash from investors. “Node sales” involve selling blockchain nodes directly to investors – a process that brings in quick cash while ostensibly giving projects an easy path to decentralization. Still a relatively new phenomenon in fast-moving crypto, they are becoming more common: Aethir, a decentralized GPU cloud infrastructure provider, disclosed last week that it had distributed more than 73,000 node licenses valued at over 41,000 ETH ($126 million). Other blockchain projects…

Sanctioned Russian developer interacts with Garantex, Chainalysis finds

Treasury’s OFAC has sanctioned the Russian developer of LockBit, who transferred crypto to various illicit services, including sanctioned Russian exchange Garantex, Chainalysis says. Dmitry Khoroshev, a Russian developer of the ransomware program called LockBit which has been recently sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC), frequently interacted with sanctioned Russian crypto services like Garantex and Bitzlato. According to a blog post from Chainalysis, a blockchain intel firm, at least one Bitcoin address associated with Khoroshev (also known as LockBitSupp, LockBit, and putinkrab) received “several thousands of dollars”…

Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000

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Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle.  Bitcoin Could Go Parabolic In 2024 During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency would experience a dramatic surge before the end of 2024.…

Crypto Expert Weighs In On ETH/BTC Pair’s Recent Decline

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep decline of around 70%. Given that the crypto community has…