Crypto analyst Alessio Rastani has recently sounded the alarm on XRP, painting a bleak picture of its future based on his analysis of the chart. His stark warnings indicate that the crypto token may be on the brink of further price declines. In a video posted on his YouTube channel, Rastani pointed out that XRP
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ESMA’s proposed regulations under the Markets in Crypto Assets Regulation (MiCA) have stirred up controversy within the crypto community. Paradigm, a prominent firm in the industry, has raised concerns over ESMA’s misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. The Role of MEV in DeFi Ecosystems MEV refers to the
One of the major reasons behind the recent decline in Bitcoin’s price is the sell-offs orchestrated by large governments. The German government, for example, sold around 2,786 BTC, worth approximately $140 million. Similarly, the US government moved almost 4,000 BTC from its wallets to the Coinbase exchange, totaling $241.22 million. These large sell-offs by governments
Cardano (ADA) is currently facing a decline in its price, as it nears the crucial support level of $0.3389. The overall cryptocurrency market has been experiencing bearish pressure, impacting ADA as well. This downward trend is influenced by various factors including macroeconomic conditions, market sentiment, and technical indicators signaling weakness in the market. It is
The XRP price is currently forming a triangle structure on its chart, indicating a possible impending rally. This formation has been historically significant, as it led to a major rally seven years ago. The triangle formation is marked by bullish indicators such as the price closing below its 1W MA50 and 1W MA200. While this
Abra, a cryptocurrency firm, and its CEO Bill Barhydt have reached a settlement with 25 US state regulators for operating crypto trading services without the necessary licenses. The settlement involves the regulators agreeing to forgo monetary penalties of $250,000 per jurisdiction in exchange for $82 million in customer repayments. As part of the agreement, Abra
Nigeria’s Securities and Exchange Commission (SEC) has recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum is part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) initiated by the SEC. Despite facing challenges such as a two-year ban on banks facilitating
Bitcoin has recently encountered a significant rejection at the $62,498 resistance level, which has emphasized the prevailing bearish sentiment in the market. This failure to surpass this critical threshold highlights the robust selling pressure that Bitcoin is currently facing, leading to concerns about potential downward trends. Traders and investors are now urged to approach the
As Bitcoin, the primary cryptocurrency in the market, navigates through a critical juncture, investors and analysts are divided on its future trajectory. Despite a strong performance in the first half of 2024, with a notable surge past the $71,000 mark, Bitcoin has hit a roadblock and is currently in the $61,000 support zone. This dip
Aayush Jindal, a prominent figure in the world of financial markets, has accumulated over 15 years of experience in Forex and cryptocurrency trading. His proficiency in technical analysis and chart interpretation has earned him a reputation as a trusted advisor and senior market expert. Since his youth, Aayush has demonstrated a natural talent for deciphering