Category: Other Crypto News

XRP Price Gains Ground, Traders Question Strength of Rally

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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…

Jack Dorsey’s Decentralized Bitchat App Removed from China App Store

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Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, has been removed from Apple’s App Store in China for allegedly violating its internet service regulations.  In an X post on Sunday, Dorsey shared a screenshot from Apple’s app review team informing him that Bitchat had been removed from the App Store in February and that the TestFlight beta version would no longer be available in China at the request of the Cyberspace Administration of China (CAC). “Bitchat pulled from the China App Store,” he said. Bitchat has…

Michael Saylor Hints at Return to Weekly Bitcoin Purchases

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Michael Saylor has hinted his Bitcoin treasury firm is back on track with its weekly Bitcoin purchases after taking a rare week off at the end of March. In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption  “Back to Work.” He often posts the chart ahead of purchase announcements. The firm took a week off from buying BTC at the end of March, breaking its weekly buying streak for the first time this year. The firm’s last purchase was reported on March 23, buying…

Ethereum Price Charges Higher, $2,150 Resistance Under Threat

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Ethereum price managed to stay above $2,020 and recovered losses. ETH is now rising and might attempt a move above the $2,150 resistance. Ethereum started a decent upward move above the $2,065 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 resistance. Ethereum Price Aims Higher Ethereum price remained…

Crypto Jumps 2.5% Amid Trump-Iran Deadline Threats

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Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war.  In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened. However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24…

Rwanda Warns Against Bybit FRW to Crypto Offering

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The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer platform on Friday.  “Crypto-assets are NOT authorized for payments, FRW conversion, or P2P trading involving FRW under the current framework,” the central bank posted to X on Sunday, urging citizens to avoid crypto due to “serious financial risks and no recourse in case of loss.” The central bank’s comments were in response to an X…

Attorney Says Drift Protocol May Be Liable for Damages After Attack

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The hack of the Solana-based decentralized finance (DeFi) platform Drift Protocol could have been prevented if standard operational security procedures were followed by the Drift team, and may constitute “civil negligence,” according to attorney Ariel Givner. “In plain terms, civil negligence means they failed their basic duty to protect the money they were managing,” Givner said in response to the post-mortem update provided by the Drift team and how it handled Wednesday’s $280 million exploit. The Drift team failed to follow “basic” security procedures, including keeping signing keys on separate,…

Odds of a US Invasion of Iran Spike After Trump’s Threat of Escalation

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The odds of the United States invading Iran this year surged to 63% on the Polymarket prediction platform on Sunday, following comments made by US President Donald Trump on social media. Despite the surge, the odds of an invasion before 2027 are still down from the high of 68% on March 29, due to a US troop buildup in the region and comments from the Trump administration that the United States was considering capturing Kharg Island, a major Iranian oil shipping station. Volume on that prediction was about $3.74 million…

Analyst Identifies $63,000 As Key Support For Next Bitcoin Move

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A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price.  Bitcoin Market Structure Suggests More Volatility Ahead  In a 4th of April post on the X platform, KillaXBT revealed the possible trajectories the Bitcoin price could follow over the coming weeks. The crypto trader’s analysis is based on the current technical structure…

Bitcoin and USD Benefit Each Other — Bitcoin Policy Institute Exec

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US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization. “Bitcoin is beneficial to the US system because the largest Bitcoin trading pair is BTC/USD,” or Tether’s USDt (USDT) stablecoin, which is backed by cash deposits and short-term US government debt, Lyman told Cointelegraph. He added: “There is a symbiotic relationship between BTC and the dollar system because BTC is most frequently traded in dollars. So,…