Month: September 2024

XRP Price Upside Fades: Is a Reversal on the Horizon?

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XRP price failed to climb above the $0.6050 resistance and declined. The price is now testing the $0.5765 support and might consolidate for some time. XRP price is still struggling to clear the $0.600 resistance zone. The price is now trading below $0.590 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.5850 and $0.5880 resistance levels. XRP…

Shiba Inu On The Edge Of Historic Run As Investors Accumulate 770 Billion SHIB

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Este artículo también está disponible en español. Shiba Inu (SHIB) is on the verge of a historic run, as investors have accumulated a significant amount of Shiba Inu tokens in recent days. However, the meme coin’s fundamentals remain concerning as they paint a bearish picture for SHIB.  Shiba Inu Set For A Historic Run In October Shiba Inu is set to enjoy a parabolic rally in October if history were to repeat itself. Data from CryptoRank shows that the meme coin has always enjoyed monthly positive returns in October. During…

Ethereum Price Set to Rise Again, But Will This Level Hold?

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Este artículo también está disponible en español. Ethereum price started a downside correction from the $2,700 resistance. ETH is now above the $2,550 support and might aim for more gains. Ethereum is aiming for a fresh increase from the $2,550 support. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to start a fresh increase in the…

Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial

Green United’s founder, Will Thurston (who, along with promoter Kristoffer Krohn, is also named as a defendant in the lawsuit), allegedly used the money investors gave him for the phony Green Boxes and used it to buy S9 Antminers – commercially-available bitcoin mining machines – which he then used to mine bitcoin for himself. According to the SEC, investors didn’t see any of the actual bitcoin (BTC) their purchases mined, but instead received periodic distributions of worthless GREEN tokens created by Thurston on the Ethereum blockchain. Source

Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’

Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […] Source CryptoX Portal

Is the Uptrend Still Safe?

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Este artículo también está disponible en español. Bitcoin price started a downside correction from the $64,750 resistance. BTC is still above the $62,500 support and might aim for a fresh increase. Bitcoin is consolidating gains below the $63,800 resistance zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the…

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […] Source CryptoX Portal

Ethereum Futures Market Points To Potential Breakout—Here’s What You Need To Know

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…