Month: June 2024

AVAX Primed To Break $100 Barrier As Bullish Signs Emerge

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Avalanche (AVAX), the token powering the smart contracts platform Avalanche, is stirring excitement in the crypto sphere. Bullish technical indicators and upcoming developments within the Avalanche ecosystem are fueling speculation of a significant price surge, with some analysts eyeing a potential rally above $100. Related Reading Technicals Flash Green: A Bounce In Sight? Technical analysis based on historical data and chart patterns paints a promising picture for AVAX. Analysts point to a recent corrective phase that the token appears to have overcome, potentially setting the stage for a new uptrend.…

exchanges are navigating regulation and building trust

The global head of banking and payments at Kraken Kaushik Sthankiya and the president of the CoinW exchange Sonia Shaw discuss the state of cryptocurrency exchanges at the Money20/20 event in Amsterdam. The FTX collapse in 2022 brought bearish sentiment to the crypto ecosystem and many traders and investors wondered if they could trust crypto exchanges.  Shaw says that the industry is still recovering from the FTX collapse while trying to rebuild consumer confidence with regulatory support.  “Everything is definitely coming back, but we haven’t really got back to the…

US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […] Source CryptoX Portal

OKX Ventures Invests in GoPlus to Boost Blockchain Security

OKX Ventures, the investment arm of the renowned crypto exchange and Web3 technology company OKX, has announced a strategic investment in GoPlus, a platform dedicated to enhancing blockchain security. This move underscores OKX Ventures’ commitment to fostering technologies that advance the crypto and blockchain industries, according to OKX Ventures. GoPlus: A Leader in Blockchain Security GoPlus stands out in the blockchain security landscape by offering a range of automated security services designed to protect users from various threats in the DeFi space. Its comprehensive suite…

DOGE Primed for a Major Move Higher!

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Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. DOGE is holding gains and might aim for a move above $0.1650. DOGE price is moving higher above the $0.160 resistance zone. The price is trading above the $0.160 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1650 to gain bullish momentum and continue higher. Dogecoin Price Holds Support…

Mantle Network Now Accessible on Dune for Enhanced Blockchain Analytics

Mantle Network has been integrated into Dune’s platform, according to Dune. This integration promises to deliver extensive data insights and enhanced analytical capabilities for users exploring the Mantle ecosystem. Why Mantle? Mantle Network is celebrated for its robust and scalable blockchain architecture, designed to support a thriving DeFi (Decentralized Finance) ecosystem. This integration was driven by a high demand for better data accessibility and deeper analytical insights within the community. Mark, Head of Business Development at Mantle, stated, “Our collaboration with Dune is a testament…

XRP Price Faces Hurdles: Will It Overcome the Obstacles?

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XRP price is slowly moving higher above the $0.5200 zone. It is now facing hurdles near $0.5320 and might correct lower in the near term. XRP is attempting a fresh increase above the $0.5250 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.5260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower toward the $0.5220 support before the bulls appear again. XRP Price…

Nigeria’s Anti-Graft Agency Announces Reward for Whistleblowers Exposing Local Currency Abusers

The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law and protecting the economy from negative impacts. The commission has already secured nearly […] Source CryptoX Portal

Ethereum Price Indicators Flash Green: More Upsides Ahead?

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Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level. The price is trading above $3,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,800 support. Ethereum Price Eyes More Upsides Ethereum price…

Steady Ascent Points to Bullish Momentum

Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $72,000 level. Bitcoin…