Day: May 8, 2024

Cardano Faces Make-Or-Break Price Level For Bullish Revival

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The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the beginning of March. On Monday, the ADA price peaked near $0.475, encountering substantial resistance at the channel’s upper boundary and from the critical 20-day Exponential Moving Average (EMA), which stands currently at $0.47. ADA price,…

Crypto Derivatives Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital

The fundraising consisted of seed equity and debt financing led by crypto venture capital firm Dragonfly Capital. A wide range of investors also participated in the round: investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (previously Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework, the press release listed. Source

Bitcoin (BTC) Price Hovers Above $62K

Bitcoin slid toward $62,000 during the Asian and European mornings on Wednesday as part of a broader dip across the crypto market in which tokens lost more of their gains from the rally at the end of last week. BTC is priced at around $62,200 at the time of writing, down nearly 2.9% in the last 24 hours. The CoinDesk 20 Index (CD20), which measures the performance of the whole digital asset market, has sunk around 3.65%. Solana is one of the worst affected of the leading altcoins, falling 6.5%…

Key Bitcoin (BTC) Price Indicator Points to Period of Calm in Crypto Market

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GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation

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PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top international VC fund. The agreement will see Bitscale Capital acquire equity worth $3 million, in the shape of GOMINING, […] Original

Authorities crack down on Austria-based online crypto scam

Authorities in Austria, along with counterparts in three other nations, have taken decisive action against an online scam masquerading as a new cryptocurrency venture.  In a press release on May 8, the European Justice for Criminal Justice Corporation disclosed the details of a coordinated effort aided by Europol to apprehend scammers who falsely claimed to have established a company launching a new crypto asset. The fraudsters, operating from Austria, purported to have developed proprietary software and algorithms between December 2017 and February 2018. They enticed investors with offers of 10…

Is The PEPE Dream Over? Analyzing The Meme Coin’s Price Drop

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The once-booming meme coin Pepe (PEPE) has hit a rough patch, experiencing a price drop of nearly 10% in the past 24 hours. This sudden downturn comes amidst a flurry of questions surrounding massive token withdrawals from a major exchange and the overall future of the meme-inspired cryptocurrency. PEPE Price Takes A Tumble Just a few months ago, PEPE was riding high, capturing the attention of crypto enthusiasts with its rapid price surges. However, the tides seem to have turned. The recent price drop has cast a shadow of uncertainty…