Day: September 10, 2024

Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation

The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […] Source CryptoX Portal

Crypto Investor Loses $16 Million Amid Friend.tech’s Controversy

boss

Este artículo también está disponible en español. Crypto social media platform Friend.tech faced backlash after a controversial decision by its team. The platform’s native token, FRIEND, plummeted over 42%, reaching its all-time low (ATL) price amid the controversy. As a result, an Ethereum (ETH) whale saw its investment in the token drop by over 95%. Related Reading Friend.tech Loses Investors’ Trust Over the weekend, crypto platform Friend.tech announced its decision to resign control over its smart contracts to avoid future changes. Friends.tech is a Social Finance (SocialFi) platform launched in…

Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price…

Bitcoin Price Could Extend Gains: Will Bulls Stay in Control?

boss

Bitcoin price started a decent increase above the $55,500 resistance. BTC is consolidating and might aim for more gains if it clears the $58,000 resistance. Bitcoin is rising from the $52,500 support zone. The price is trading above $55,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $55,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing resistance near the $58,000 and $58,200 resistance levels in the near term. Bitcoin Price…

Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date

boss

Este artículo también está disponible en español. Michael Saylor, co-founder and Executive Chairman of the business intelligence firm MicroStrategy and a well-known Bitcoin advocate, recently reiterated his bullish stance on the leading cryptocurrency during an exclusive interview with CNBC on Monday. Saylor’s Bitcoin Price Forecast Saylor, recognized for steering his company towards significant BTC investments to capitalize on its continuous growth, projected a mind-blowing future valuation for Bitcoin. Saylor boldly forecasted that the Bitcoin price could soar to an unprecedented $13 million per coin. During the interview, Saylor emphasized that…

Blockchain Tech Breakthroughs and Their Impact on Various Industries

Iris Coleman Sep 10, 2024 01:49 Explore how blockchain innovations like AMMs, DAOs, and zero-knowledge proofs are transforming industries beyond crypto, as discussed in a16z crypto’s latest podcast. Recent advancements in blockchain technology are making significant strides, not just within the realm of cryptocurrency but also across various other industries. These developments were highlighted in the 50th episode of the ‘web3 with a16z’ podcast by a16z crypto, a venture capital fund known for its investments in crypto and web3 startups since 2013.…

SEC Warns of Bitcoin and Ether ETF Risks — Labels BTC, ETH Highly Speculative Investments

boss

The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. […] Original

Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum

boss

Este artículo también está disponible en español. Ethereum co-founder Vitalik Buterin has been in the news of late with his 760 ETH withdrawal–a move that raised eyebrows as speculations about what such external wallet transactions by him could do to the Ethereum market. Related Reading Transactions are part of a broader trend that has seen wallets associated with Buterin and the Ethereum Foundation actively sell large portions of Ether. It is this aggressive selling that has added to the bearish pressure on Ethereum’s price, which lately slipped to the low…

Trump Victory Could Boost Bitcoin to $90K — Harris Win Might Sink BTC to $30K Level, Says Bernstein

boss

Bitcoin may rise to $90,000 by the end of the year if former U.S. President Donald Trump wins the presidential election, according to brokerage and research firm Bernstein. The firm’s analysts believe that Trump’s pro-crypto stance and regulatory reforms could boost the cryptocurrency market while a Kamala Harris victory may cause bitcoin to fall below […] Original