Tag: Key

Writer’s Guild strike ends with tentative deal approved, AI key negotiation

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The Writer’s Guild of America (WGA) strike is set to officially end as leaders approved a tentative deal with entertainment studios in Hollywood, part of which includes artificial intelligence (AI) usage in the industry. After nearly five months, the strike, which began on May 2, 2023, was pronounced over at 12:01 am PT on Wednesday, Sept. 27, 2023, as reported by Deadline. One of the major argument points of the WGA, aside from higher wages and fairer contracts, was in regard to AI practices and implementation. In August, Hollywood studios sent…

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum price is eyeing a recovery wave from $1,565 against the US Dollar. ETH could rise steadily if it settles above $1,600 and $1,620. Ethereum is attempting a recovery wave above the $1,580 level. The price is trading above $1,590 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if there is a close above $1,600 and $1,620. Ethereum Price Signals Recovery…

Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin price is consolidating above the $26,000 support. BTC could start a recovery wave if it clears the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $26,000 support zone. The price is trading below $26,400 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $26,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent recovery wave unless there is a clear move below $26,000. Bitcoin Price Eyes…

Crypto Exchange Kraken Pushes Ahead With Expansion, Obtaining Key Authorization in Ireland and Spain

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One of the top US-based crypto exchanges is expanding globally into major European financial hubs. According to a new press release, Kraken Exchange has secured an E-Money Institution (EMI) registration with the Central Bank of Ireland, as well as a Virtual Asset Service Provider (VASP) registration with the Bank of Spain.  Ireland’s EMI license will allow Kraken to deal with European banks. Spain’s VASP registration will allow Kraken to operate as a crypto exchange and wallet provider. Says Curtis Ting, Kraken’s vice president of global operations, Our market-leading position in liquidity…

Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength

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As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community. What Are These Key Bitcoin Metrics? In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding…

Sam Bankman-Fried key witnesses blocked from testifying in upcoming trial

Several key witnesses, including a British barrister and a University of Michigan professor, have been barred from testifying in the upcoming trial of former FTX CEO Sam Bankman-Fried, as ordered by District Judge Lewis Kaplan. The trial, which is scheduled to commence on Oct. 3, has garnered significant attention. One of the primary individuals expected to testify was Lawrence Akka, a prominent British barrister. Akka’s testimony was to elucidate the intricacies of FTX’s terms of services and the ensuing obligations. However, Judge Kaplan, in a surprise move, deemed this testimony…

Why Touching This Bitcoin Level Could Hold The Key For A Rally

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The price of Bitcoin was rejected as it approached critical resistance north of $27,000, and selling pressure continues over today’s trading session. If buyers can’t defend current levels, BTC’s price will likely re-test critical support, but this action could trigger a bounce for the cryptocurrency, according to fresh data. As of this writing, Bitcoin trades at $26,650, with a 2% loss in the last 24 hours. Over the previous seven days, the cryptocurrency has recorded sideways price action and underperformed XRP and Toncoin’s TON, which recorded a 5% and 25%…

XRP Price Set For 250% Surge; Analyst Highlights Key Catalyst

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Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP Color Code To $1.4: If XRP triumphantly closes above the Fib 0.5 level at $0.57 with undeniable confirmation, we’re setting our sights on the $1.4!” The detailed analysis of the chart shared by EGRAG CRYPTO reveals key price points that are significant for the future movement of XRP. The “wicking” range is…

Shiba Inu Gearing Up For A 60% Surge? Key Indicators To Watch

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Shiba Inu (SHIB) continues to be in a pivotal make-or-break moment. As described in our last in-depth price analysis of SHIB, two chart patterns on the 1-week chart could continue to determine the future of SHIB price, and their outlooks could not be more different. We are talking about a bullish triple bottom that points to a possible end of SHIB’s two-year downtrend and a descending triangle that has been formed for over 13 months, indicating a bearish trend. Shiba Inu Price Analysis: Update At the moment, the bulls seem…

Bitcoin Bollinger Bands hit key zone as BTC price fights for $27K

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Bitcoin (BTC) could see fresh upside volatility as BTC price strength revisits key levels, a classic metric suggests. In an X post on Sep. 18, John Bollinger, creator of the Bollinger Bands volatility indicator, said that Bitcoin was positioned for a breakout decision. Bitcoin Bollinger Bands eye start of “walk up” After hitting new September highs the day prior, Bitcoin is challenging resistance levels out of reach since mid-August, data from Cointelegraph Markets Pro and TradingView shows. For Bollinger, the signs from the largest cryptocurrency are encouraging. Bollinger Bands use standard…