Day: August 26, 2024

Another Increase on the Horizon?

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Ethereum price is consolidating above the $2,700 resistance. ETH could gain bullish momentum if it clears the $2,785 resistance zone. Ethereum is struggling to gain pace for a move above the $2,800 level. The price is trading above $2,700 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,780. Ethereum Price Starts Consolidation Ethereum price remained stable above the…

Bitcoin Price Faces Challenge at $65K: Can It Break Through?

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Bitcoin price gained pace and tested the $65,000 resistance. BTC must clear $65,000 to continue higher in the near term. Bitcoin started a steady increase above the $63,000 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it clears the $65,000 resistance zone. Bitcoin Price Eyes More Gains Bitcoin price remained stable above…

Understanding the Difference Between Spot and Futures Crypto ETFs

This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF […] Source CryptoX Portal

Russian Cybercriminal Extradited to US in Crypto Crime Case

A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commit money laundering, wire fraud, and Hobbs Act extortion. Arrested in Georgia in […] Source CryptoX Portal

Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps seizing illegal bitcoin mining operations. El Salvador to Educate 80,000 Public Servants on […] Original

TON Community Backs Telegram Founder Durov — Reaffirms Commitment to Decentralization

The TON community has reaffirmed its commitment to freedom of speech and decentralization, showing strong support for Telegram founder Pavel Durov following his arrest in France. The community emphasized Durov’s dedication to an open internet and called for collective resilience among its members. TON Community Issues Statement After Pavel Durov’s Arrest The TON community issued […] Source CryptoX Portal