Month: May 2024

Bitcoin Disappoints With Fall To $67,000, But Analyst Says Investors Should Not Be Fazed. Here’s Why

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Bitcoin has dropped from its weekly high of $71,980, recorded on May 21, to as low as $67,000, raising concerns amongst crypto investors. However, crypto analyst Jelle has suggested that there is no need to be worried about the flagship crypto’s price action.  Why Investors Shouldn’t Be Worried About The Bitcoin Price Jelle noted in an X (formerly Twitter) post that Bitcoin is still following a “similar path” to the 2017 bull run. He claimed that once the crypto token breaks again above the 2021 all-time high ($69,000), it will…

Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets

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Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and Futures Ordinance (SFO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). Effective immediately, new user registrations and asset deposits are suspended. All tokens will […] Source

New Online Casino Site Instant Casino Partners with Italian Serie A Team Juventus FC – Blockchain News, Opinion, TV and Jobs

Turin, Italy, May 24th, 2024, Chainwire Iconic Italian football club Juventus has announced a partnership with Instant Casino, a crypto online casino, will be its new regional betting partner in Europe.  The agreement has been described as a major win for both Juventus fans and Instant Casino players, promising a wide range of entertainment opportunities and exclusive rewards.  Chief Commercial Officer of Juventus Tiziana Di Gioia echoed this optimism while speaking on the new partnership:  “We are delighted to welcome Instant Casino to the Juventus family. This partnership represents an…

Crypto Exchange OKX Withdraws Hong Kong License Application

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree

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Ethereum (ETH), the world’s second-largest cryptocurrency, has been on a tear lately. After months of hovering, the coin has seen a surge in price, and analysts are now pointing to signs within the derivatives market suggesting this rally might have legs. Related Reading Taker Buy Sell Ratio Nears Equilibrium One key indicator is the Taker Buy Sell Ratio, a metric that tracks the volume of buy orders compared to sell orders in ETH’s perpetual futures market. Traditionally, a ratio below 1 suggests more sell orders are flooding the market, potentially…

Shiba Inu Kabosu remembered by the community

On May 24, the meme coin symbol, Kabosu, died after a long illness. Kabosu, which symbolizes the Dogecoin (DOGE) token, was 18 years old. In early May, its condition deteriorated sharply. The dog could no longer walk independently and moved with the help of an animal wheelchair. かぼちゃんは今朝、深い眠りにつきました🌈私に撫でられながら眠るようにそっと逝きました。かぼちゃんを愛して下さったみなさん、長い間ありがとうございました。https://t.co/aJyC8wECQP — かぼすママ (@kabosumama) May 24, 2024 Kabosu’s owner, Atsuko Sato, wrote on the Kabochan blog that Kabosu felt normal before its death, eating rice and drinking water. The dog’s farewell will take place on May 26 in Narita, Japan.  “We hope to…

Crypto Market Extends Slide Despite SEC Ether ETF Filings Approval

Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows. The bulk of the positions were longs betting on rising prices, worth roughly $250 million,…

XRP Primed To Skyrocket Before November

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Crypto analyst JT (@JTheretohelp1) has provided a technical analysis indicating a pivotal movement for XRP before November this year. His analysis, shared on social media platform X, presents a detailed view of the XRP price in the 2-month chart (XRP/USD) constrained within a converging triangular formation, signaling an impending breakout. Why A Decision Looms Before November For XRP JT stated: “Love it or hate it, something BIG is going to happen with XRP before November.” The triangular pattern, outlined by a descending red resistance line and an ascending green support…