News - Page 16

A crypto analyst who accurately predicted the top of Bitcoin’s 2021 bull market believes that Ethereum is well-positioned for further gains. The analyst, known as Pentoshi, suggests that Ethereum could rise by more than 21% from its current value. According to Pentoshi, Ethereum has entered a new trading range and crossing the lower bound of this range indicates a potential upward move. Additionally, Pentoshi notes that Ethereum against Bitcoin has corrected to a key psychological level, suggesting a likely bounce. The analyst also provides insights on Bitcoin, stating that as long as it remains above the $31,500-$32,500 range, it will continue its uptrend. Pentoshi predicts that Bitcoin could rally above the $40,000 level in the coming weeks. Lastly, the analyst updates the outlook on the altcoin Fetch.AI, expecting a period of consolidation before a move towards the $0.496 range high. Investors are advised to conduct their own research and exercise caution when investing in cryptocurrencies or digital assets.

Circle, a financial technology company, has announced that it will be phasing out support for legacy consumer accounts. This decision was communicated to individual consumers via email. It is important to note that this change does not affect business or institutional Circle Mint accounts.

Sushi, the token native to the decentralized exchange SushiSwap, has experienced a significant surge in price, increasing by almost 20% in just 24 hours. This bullish trend has been sustained over the past month, with a 25% gain in 30 days, 39% gain in two weeks, and a 26.5% gain in the last week.

The CEO of asset management giant Van Eck believes that the conditions for cryptocurrencies are becoming extremely favorable as we approach 2024. In a recent interview, Jan van Eck stated that Bitcoin has solidified its position as the primary alternative to gold, presenting a near-perfect trading opportunity for bulls in the coming year.

The company's assets include $5.2 billion of secured loans, which have been reduced by $330 million from the previous quarter. However, there is still a significant amount of work to be done in order to fulfill the company's promise of reducing loans to zero by December 2022.

The Ethereum price is currently wavering at a critical juncture, indicating that a direction trend is imminent for this asset. Over the past two weeks, the Ethereum price has experienced a remarkable recovery, surging 17.8% from its local support at $15.25 to its current trading price of $1798. However, this rally seems to be facing resistance around the $1,850 level, similar to the supply pressure faced by Bitcoin. The presence of rejection candles with long wicks suggests heightened supply pressure, raising doubts about the sustainability of the ongoing recovery.

Dogecoin (DOGE) price is currently hovering below support/resistance at $0.07 as the crypto market calms down after a period of bullish action. This consolidation comes after the hype surrounding the potential greenlighting of Bitcoin spot exchange-traded funds (ETFs) in the US.

An on-chain researcher known as ZachXBT has revealed that users of the LastPass password manager application have lost millions of dollars in cryptocurrency to threat actors. This comes after a recent hack of LastPass, which compromised dozens of crypto users in a single day.

XRP Ledger’s Xahau Sidechain has recently undergone a thorough audit of its codebase. The audit, conducted by FYEO, one of Xahau’s initial Governance Game Validator Seats and Security partners, aimed to assess the security exposure and internal risks of the Xahau Sidechain.

Sam Bankman-Fried, the founder of FTX, is currently facing charges of fraud and conspiracy. He is accused of stealing funds from FTX customers and investors and using them for personal expenses such as private jet rides and luxury apartments. In this article, we will discuss the recent testimony from Monday's court session and its impact on the defendant.

Web 2 deserves credit for providing interactive platforms and empowering non-celebrities to build large audiences. It also allowed us to bypass the gatekeepers of culture. However, the centralization problems that existed before Facebook have resurfaced as a few dominant platforms now control a significant portion of global attention.

Our goal is to truly unite and coalesce the crypto grassroots community. We aim to be a one-stop shop for crypto advocacy, providing a platform for more than 16,000 calls and emails to members of Congress. Through our efforts, we strive to bring together individuals who share a passion for cryptocurrencies and blockchain technology. By fostering collaboration and communication, we can amplify our collective voice and drive positive change in the crypto space. Join us in advocating for the future of decentralized finance and digital currencies.

Solana (SOL) has emerged as one of the strongest bullish contenders in the last quarter of 2023. While Bitcoin (BTC) took a breather after reaching a new yearly high, Solana has managed to maintain its upward momentum.

In a recent strategy session, crypto trader Benjamin Cowen highlights a key indicator that suggests a potential correction in the price of Bitcoin (BTC). This indicator, known as the golden cross, has historically signaled a price decline in the past. In this article, we will explore what the golden cross is, its significance, and what it could mean for the future of Bitcoin.

The crypto market has experienced a surge in October, with a positive sentiment known as "Uptober." However, despite the gains, security breaches and crypto scams continue to impact investor sentiment.

In a recent transaction, a whale transferred a staggering 30 million XRP tokens to an anonymous wallet. This significant transfer, reported by Whale Alert, a popular cryptocurrency tracking platform, took place on October 31. It is worth noting that this is the second substantial transfer within a short period of time.