The recent analysis by crypto analyst RLinda has shed light on the impressive strength shown by XRP, despite the decline in the prices of major cryptocurrencies like Bitcoin and Ethereum. This revelation comes as a surprise to many, considering XRP’s underperformance since the beginning of the year. RLinda points towards the improving fundamental backdrop of
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Robert Kennedy Jr., an independent candidate for the US presidency, recently unveiled an ambitious financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. His plan aims to transform the United States into the world’s largest holder of Bitcoin, strategically acquiring BTC valued at $619 billion to match the current
Upon conducting a preliminary investigation, WazirX reported that there was no evidence to suggest that the machines of WazirX signers were compromised in a recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, raised concerns within the crypto community. Initially, the exchange attributed the hack to an issue
According to a crypto analyst known as ‘Trader Tardigrade’, Bitcoin is currently forming a technical pattern called the “Cup with Handle” chart pattern. This pattern typically indicates a bullish trend, with the price movement resembling a cup followed by a handle. The analyst suggests that if Bitcoin breaks above the $68,000 level, it could potentially
Two prominent crypto companies, Coinbase and Revolut, experienced starkly different outcomes at the hands of UK authorities in recent developments. The Financial Conduct Authority (FCA) in the UK levied a hefty fine of £3.5 million on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for breaching Anti-Money Laundering regulations. The FCA highlighted that CBPL
Growing up in Edo State, Nigeria, Godspower Owie was fortunate to be surrounded by a supportive family that served as the foundation of his success. With three siblings who served as his idols and mentors, Godspower learned valuable life lessons that shaped his worldview and ambitions. His parents, in particular, played a crucial role in
The latest trend in the Bitcoin market has seen a sharp decline in price, with BTC dropping below the $66,500 support level. The cryptocurrency is currently struggling to hold above $65,500 and the 100 hourly Simple Moving Average, indicating a bearish momentum. A key indicator of the bearish trend is the break below a key
Ethereum price has recently experienced a significant decline, starting from the $3,500 resistance zone. The bearish trend has resulted in an 8% drop, with potential for further decline towards the $3,120 support level. The hourly MACD for ETH/USD is currently gaining momentum in the bearish zone, indicating a strong downward trend. Additionally, the hourly RSI
The crypto industry has been facing significant challenges under the current administration, as discussed by Ben Horowitz and Marc Andreessen of Andreessen Horowitz (a16z). They openly criticized the Biden-Harris Administration for its handling of the crypto industry, pointing out regulatory ambiguities that are stifling innovation and growth in the sector. One of the key issues
The recent bill passed by the Russian State Duma legalizing Bitcoin mining and allowing the use of crypto for international trade marks a significant shift in the country’s approach to digital assets. This move is aimed at addressing the challenges faced by Russian banks due to regulatory constraints and international sanctions. The legislation not only
