Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin loses the critical $60k support amidst market turbulence, the Play-to-Earn sector thrives with Galaxy Fox (GFOX) soaring in value, highlighting a sectorial contrast. Every crypto bull market has brutal drawdowns that test any investor’s faith. It’s part of what keeps markets healthy and provides entry positions for the strong, while weak hands look for the exits. Based on current macro conditions, including a strong dollar, delays in…
Ethereum price started another decline and traded below $2,920. ETH could gain bearish momentum if there is a close below the $2,800 support zone. Ethereum remained in a bearish zone and traded below the $2,900 zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $3,050 resistance. Ethereum Price Extends Losses Ethereum price…
Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if it fails to recover above $60,400 and then $62,000 this week.…
Financial services firm Depository Trust and Clearing Corporation (DTCC) has announced it will not allocate any collateral or offer loans for ETFs with exposure to Bitcoin or other cryptocurrencies. As of April 30, during its annual line-of-credit facility renewal, the DTCC will adjust the collateral values for specific securities, potentially impacting their position values in the collateral monitor. The statement released on April 26 specified that ETFs and similar investment vehicles with Bitcoin or other cryptocurrencies as underlying assets would see their collateral value reduced to zero. However, crypto enthusiast…
Letters of support also came from Max S. Baucus, former U.S. Ambassador to China, Professor Jeremy R. Cooperstock, McGill University, Associate Professor Ronghui Gu, Columbia University, Morgan Stanley Managing Director Sean Yang, and members of the ruling family in the United Arab Emirates. Source
Ethereum price is holding gains above the $3,120 resistance zone. ETH could soon rally if it clears the $3,280 resistance zone. Ethereum extended its increase above the $3,220 resistance zone. The price is trading above $3,165 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,280 resistance zone. Ethereum Price Aims Higher Ethereum price remained in a positive zone above…
A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset. Akash Network (AKT) shot up Tuesday from a low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced support. Source: CoinGecko/X At time of writing, AKT has retraced slightly to $5.30 and is sitting at a market cap of $1.2 billion. Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI.…
Pro-XRP lawyer and Senate hopeful John Deaton is reportedly filing an amicus brief in support of top US-based crypto exchange Coinbase. According to court documents revealed by Fox Business journalist Eleanor Terrett, Deaton has filed for permission to appear in court in support of 4,701 Coinbase customers in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchange. Terrett says that before launching his Senate campaign in Massachusetts, Deaton said he would file an amicus brief on behalf of the customers if the case ever went to the…
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is making headlines again. After a rollercoaster year in 2023, the canine-themed meme coin is exhibiting signs of life in the first half of 2024. With a growing holder base, a strategic support network, and a recent price jump, SHIB seems poised for a potential climb. However, lingering sell pressure and the ever-present shadow of its all-time high keep investors cautious. Shiba Inu Finds Strength In Numbers SHIB’s popularity continues to rise. The number of Shiba Inu holders on the Ethereum blockchain has…