Ethereum’s price has been attempting a recovery wave above the $2,320 mark, but faces challenges in gaining momentum towards the $2,500 resistance zone. Despite trading above $2,320 and the 100-hourly Simple Moving Average, Ethereum is still struggling to make significant progress. Although ETH was able to clear the $2,280 resistance zone and move into a
CryptoCon recently highlighted that the current price action of Bitcoin bears a resemblance to the market trends observed in December 2016. By pointing out that Bitcoin has dipped into the support zone after the mid-top, he drew parallels to September 2016. This analysis suggests that history may be repeating itself in terms of Bitcoin’s price
Coinbase CFO Alesia Haas recently disclosed that Vice President Kamala Harris’s campaign has embraced the use of Coinbase Commerce to accept cryptocurrency donations. This revelation was made during a discussion with Citigroup’s director of payments, Peter Christiansen, at the lender’s 2024 Global TMT Conference in New York. The move signifies a shift towards modernizing the
The recent decision by a Nigerian court to postpone the ruling on the bail application for Binance executive Tigran Gambaryan until Oct. 9 has raised significant concerns within the crypto community. Despite Gambaryan’s lawyer, Mark Mordi, submitting a new bail application citing medical reasons and the deteriorating health conditions of his client, the prosecuting counsel,
Recently, the Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, directing it to stop offering crypto services. This action came after an examination conducted by the Federal Reserve Bank of Dallas and the Texas Department of Banking in May 2023. The examination identified alleged deficiencies in UTB’s
Dogecoin (DOGE) is currently facing a challenging situation in the market as bearish forces continue to exert pressure on its price. Trading below a key descending trendline, DOGE is struggling to maintain its position and is at risk of dropping to the critical $0.09149 support level. The market sentiment surrounding DOGE is predominantly negative, with
India’s Financial Intelligence Unit (FIU-India) is taking a strict stance on the compliance of offshore crypto exchanges operating in the country. The FIU is reportedly set to approve two more exchanges to resume operations by the end of the fiscal year. This decision comes after four exchanges were previously banned for non-compliance with anti-money laundering
XRP, the cryptocurrency associated with Ripple, has been struggling to reach the $100 milestone, much to the frustration of investors. While many might attribute this to Ripple’s ongoing legal battle with the SEC, crypto analyst Levi Rietveld offers a different perspective. According to him, the primary reason behind XRP’s struggles is the negative perception that
The cryptocurrency market experienced a major setback on September 6 as Bitcoin’s price dropped below $54,000. This sudden decline was a result of a massive wave of sell-offs from traders, triggered by developments on the macroeconomic side. The bearish outlook for Bitcoin was further fueled by weak August job reports and uncertainty surrounding the US
Delving into the world of cryptocurrency opens up a realm of excitement and uniqueness that captivates individuals from diverse backgrounds. One such individual is Opeyemi, a proficient writer who found his passion in the digital asset industry over two years ago. Despite it not being his initial choice, Opeyemi has become deeply immersed in the