May 17, 2024

Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally

May 17, 2024 boss

Crypto analyst Crypto Jebb recently highlighted an inverse heads and shoulders pattern that had formed on the Bitcoin chart. This bullish pattern indicates another rally may be on the horizon for the flagship crypto, which could send its price to $100,000. How Could Bitcoin Could Rise To $100,000 Crypto Jebb revealed in a video on his YouTube channel that the inverse heads-and-shoulders pattern he had been predicting for a while had finally formed on the charts. He predicts this pattern could lead to a price breakout, sending Bitcoin’s price to…

Crypto Exchange Coinbase (COIN) Raised to Neutral at Bank of America on Positive Market Dynamics

May 17, 2024

Bank of America said it was upgrading the stock for a number of reasons, including the positive macro backdrop that has helped the cryptocurrency markets and trading volumes, analysts led by Mark McLaughlin wrote. The note also said the exchange’s expense discipline and increased diversification should also help its earnings. Source

Internet Computer-Based ‘Bitfinity EVM’ Launches as Bitcoin L2, Supports Runes

May 17, 2024 boss

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Down From the Peaks: Bitcoin Holds Strong, Closer to ATH Than Crypto Rivals

May 17, 2024

Despite bitcoin holding steady above the $66,000 mark on Friday, the leading cryptocurrency is still down 9% from its all-time high (ATH). In comparison, most other cryptocurrencies are much further from their ATHs, with many alternative crypto assets still having a significant journey ahead to reach their former peaks. Bitcoin: 9% Below ATH as Altcoins […] Source CryptoX Portal

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

May 17, 2024

The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan. Source

Turkey Takes Crypto Bill to Parliament, Aims to Bring Crypto Licensing to the Country

May 17, 2024

Also in March, the ruling AK Party Deputy Chairman of Information and Communication Technologies Ömer İleri said, “We find it very important to carry out a legal study in the field of crypto assets. This legal regulation is primarily a study that will regulate the platforms, but beyond that, it will be a regulation that will protect our citizens and investors.” Source

Crypto Analyst Predicts XRP Price Explosion To Over $18

May 17, 2024 boss

In a recent analysis provided by the crypto analyst Dark Defender, a compelling case has been made for the potential significant rise in the price of XRP. Through a detailed examination of the XRP/USD chart on a monthly time frame, as sourced from Binance, Dark Defender highlights a large bullish formation, which he describes as a “bull flag” across multiple longer-term time frames including monthly, three-month, and six-month charts. XRP Price Gears Up For Explosive Move The analysis shows a substantial initial upsurge in price marked by a green arrow,…

Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg

May 17, 2024

However, the delivery of the NFTs was late. The customer alleged that the NFTs came with outfits to wear in the metaverse, but the digital outfits that showed up 20 days behind schedule “could be used only in a metaverse platform with barely any users,” the report said. Source

Hong Kong, China Expand Cross-Border Digital Yuan Trial With E-CNY Wallets for HK Residents

May 17, 2024

The HKMA intends to continue working with the PBOC to expand the application of the e-CNY. The HKMA plans to work with the Digital Currency Institute to explore including features like name verification, enhancing interoperability in payments and corporate use cases, such as cross-border trade settlement. Source

Bitcoin (BTC) Regains $66K Following Bullish ETF Data

May 17, 2024 boss

Bitcoin (BTC) rose to past $66,000 early Friday, reversing Thursday’s pullback below $65,000. At the time of writing, it was priced around $66,440, 0.4% higher than 24 hours ago, while the CoinDesk 20 Index (CD20), which offers a measurement of the wider digital asset market, was up about 1.4%. Inflows into spot bitcoin ETFs turned positive again this week, recording additions for four consecutive days. This week has also seen numerous big-name institutional players disclose sizable BTC ETF holdings. Morgan Stanley, for example, revealed a $269.9 million investment in Grayscale’s…