Day: July 11, 2024

Building a Flexible Blockchain Payments Solution: Key Considerations

As organizations increasingly identify business and revenue opportunities in blockchain technology, the need to implement efficient and flexible blockchain payments solutions becomes paramount. According to Fireblocks, integrating blockchain into existing offerings or creating new digital asset products requires careful planning and strategic execution. Key Considerations for Building a Blockchain Payments Solution Building a blockchain payments solution involves several critical elements. The three main categories to focus on are Wallet Infrastructure and Security, Ecosystem Partners, and Operational Workflows. Wallet Infrastructure and Security The foundation of any…

German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind

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In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month.  Bitcoin Reserves On The Brink Of Exhaustion The selling spree began last month when the German government initiated the sale of seized Bitcoin from a wallet operated by the country’s Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA).  Related Reading The BKA sold 900 BTC in June valued at around $52 million at…

BNB Price Steadies Above Support: Is a Bullish Comeback on the Horizon?

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BNB price started a recovery wave above the $500 resistance. The price is now consolidating and might aim for more gains above $530. BNB price started a decent upward move from the $472 support zone. The price is now trading above $500 and the 100-hourly simple moving average. There is a key rising channel forming with support at $518 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its recovery wave if it clears the $530 resistance in the near term. BNB Price…

Trump’s pro-crypto stance is gaining him votes 

Former President Donald Trump’s support for crypto is swaying some Republican voters as he campaigns for a return to the White House. According to a poll conducted by Echelon Insights and sponsored by crypto investment firm Paradigm, 13% of likely GOP voters reported a more favourable view of Trump due to his positive crypto sentiment in the U.S. “In short, Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules,” the survey read. Trump hasn’t always been vocal in his support of crypto, calling…

XRP Price Poised for a Bullish Path Unless This Support Paves Way

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets

The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe the price is destined for a downturn is Finn Oakes, who predicts a return to the $53,000 territory. Bitcoin Forms Double Top Pattern In the analysis that was shared on the TradingView website, crypto analyst…

Ethereum Price Sets Sights on Upside Break: Indicators Turn Green

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Ethereum price is moving higher above the $3,080 resistance zone. ETH could gain bullish momentum if there is a close above the $3,150 resistance. Ethereum is slowly moving higher above the $3,050 level. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag with resistance near $3,090 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $3,150 resistance zone. Ethereum Price Could Extend Gains Above…

Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline

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To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year.  Goldman Sachs Aims To Capitalize On Tokenization Trend According to a Fortune report, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, revealed the bank’s intentions to expand its crypto offerings, focusing on the tokenization sector.  Tokenization involves issuing “real-world assets,” such as money market funds and real estate holdings on public blockchains such as Ethereum or Solana, leading…

Kraken announces partnership with Atlético de Madrid

Kraken has announced a partnership with Spanish football club Atlético de Madrid. The deal sees the crypto exchange become the official crypto and Web3 partner of the Madrid-based club, with collaboration set to start in the 2024/2025 season. Kraken will also be Atletico’s official sleeve partner for both the men’s and women’s teams. Crypto and sports merge Over the past few years, crypto firms and global brands, including in sports, have forged key relationships. Mainly, it’s been around investments aimed at marketing crypto services and products, although a few have…

Will Bulls Stumble Once More?

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Bitcoin price struggled to clear the $59,500 level. BTC is moving lower and now at risk of more downsides toward the $56,000 level. Bitcoin started another decline from the $59,475 resistance zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $57,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another major decline if it fails to stay above the $57,200 support. Bitcoin Price Faces…