Month: September 2024

Ethereum Price Comeback in Jeopardy: Is a Pullback Coming?

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Este artículo también está disponible en español. Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance. Ethereum started another decline from the $2,385 resistance. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,350 resistance to continue higher in the near term. Ethereum Price…

Bitcoin Price Bounces Back, But Can It Sustain Above $60K?

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Este artículo también está disponible en español. Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin Price Reclaims $60K…

SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […] Source CryptoX Portal

Massive Bitcoin Rally Predicted For Next 6 Months After Fed Rate Cut

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As the crypto community awaits the Federal Reserve’s (Fed) rate cut announcement on September 18, the stakes are high for Bitcoin (BTC) and the broader financial landscape. This upcoming decision marks the first central bank rate cut since the Fed slashed its key rate to near zero in March 2020 amid the COVID-19 pandemic.  Will A 50bps Cut Spark A Bitcoin Bull Run? According to CME Group’s FedWatch tool, markets are currently pricing in a 59% chance of a half-percentage-point rate cut and a 41% chance of a quarter-point cut. There’s…

Sui and MoviePass team up for USDC integration

The Sui Foundation has announced a new partnership with MoviePass, the U.S.-based movie subscription service.  According to a press release shared with crypto.news, this collaboration will allow MoviePass users to pay for subscriptions with USDC (USDC), a widely used stablecoin. Sui (SUI), a blockchain platform, will soon integrate USDC into its ecosystem, enabling payments for MoviePass subscriptions and other Sui applications. As part of the deal, Sui will also take an equity stake in MoviePass, signaling its confidence in the platform’s potential. MoviePass, originally known for its all-you-can-watch $9.99 monthly…

Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15

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Este artículo también está disponible en español. Cardano (ADA) is finally at stage three of this current market cycle, with analysts foreseeing a massive 4,500% price rally to $15. This projected price increase is set to offer dedicated investors and holders a small window of opportunity to make gains from the popular altcoin.  Cardano (ADA) Set Sights On $15 Price Surge Crypto analyst, Remi Benays has announced on X (formerly Twitter) that Cardano is at a crucial stage of this market cycle, characterized by potential price rallies to new all-time…

Trial of Celsius founder Alex Mashinsky begins

Lawyers representing Alex Mashinsky have argued that he “did not intend to defraud or harm anyone” — and the claims he made in weekly videos to Celsius customers were done in good faith. What Celsius case is about? Celsius Network was one of the biggest casualties of a brutal crypto winter in 2022, with the embattled lender suddenly freezing the withdrawals of 1.7 million customers. The company had suffered from a huge black hole in its balance sheet — and abruptly tipped into bankruptcy, blaming “extreme market conditions.”  While founder…

Bitcoin ETF By BlackRock Registers First Daily Net Inflow In 3 Weeks: What To Know

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Este artículo también está disponible en español. BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into the Bitcoin ETF space when the US Securities and Exchange Commission (SEC) approved IBIT in January 2024. Dubbed the world’s largest asset manager with a total asset-under-management (AUM) of $9 trillion, BlackRock’s entry into the…