Recently, Ethereum price faced a downside correction from the $3,520 zone. However, it remains stable above $3,420 and shows signs of attempting another increase in the near term. The price failed to surpass the $3,520 zone, leading to a corrective movement. Despite this, Ethereum is currently trading above $3,420 and the 100-hourly Simple Moving Average.
Recent fluctuations in the price of Bitcoin have led to a mix of sentiments among crypto analysts. While some, like Alan Santana, are predicting a further crash in the price of Bitcoin, others remain bullish on the pioneer cryptocurrency’s future. The contrasting predictions provide an interesting look at the current state of the market and
Aayush Jindal is not just another name in the financial markets; he is a luminary 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
The recent report released by the Polkadot Treasury for the first half of 2024 has sparked worries within the cryptocurrency community. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively. This raises questions about the sustainability of Polkadot’s financial resources in the long term.
Silvergate Capital recently settled with the SEC for a substantial $50 million. This settlement comes after Federal Reserve governors and California financial regulators demanded an additional $63 million in fines on July 1. The SEC alleged that Silvergate Capital, along with its subsidiary Silvergate Bank, and two executives, misled investors about the strength of its
The Bahamas is taking steps to enhance the adoption of its central bank digital currency (CBDC), known as the “Sand Dollar.” According to a report by Reuters on July 1, the country’s central bank governor, John Rolle, highlighted the importance of making the Sand Dollar accessible through commercial banks to increase its adoption rates. The
Recent reports have confirmed that VanEck’s Solana spot ETF proposal is heavily influenced by speculation on the outcome of the US presidential election. The company’s Head of Digital Assets Research, Matthew Sigel, has indicated that the proposal is betting on a victory for Donald Trump in the upcoming election. This strategic decision has raised concerns
Circle, a global stablecoin issuer, made a significant announcement on July 1 regarding its acquisition of an e-money license in France. This move positions Circle as the first stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations, marking a crucial milestone in the company’s journey towards mainstream financial integration. Circle’s achievement of
Bitcoin (BTC) is currently on the cusp of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency has been steadily climbing, gaining momentum and investor confidence. Breaking through this key resistance could potentially trigger a major rally, propelling BTC to new all-time highs. Traders and analysts are closely watching
Sony Group, a prominent conglomerate in Japan, has recently acquired Amber Japan, leading to the launch of a new crypto exchange. The WhaleFin exchange, now renamed S.BLOX Co, will undergo a redesign of its UI screen and the release of a new app to enhance user experience. Sony plans to expand the supported currencies and