Bitcoin’s price has recently seen a significant increase, surpassing the $55,500 resistance level. Currently, Bitcoin is consolidating and showing signs of potentially aiming for more gains if it manages to clear the $58,000 resistance mark. The cryptocurrency is experiencing a rise from the $52,500 support area, currently trading above $55,500 and the 100 hourly Simple
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In a controversial move, North Carolina’s lawmakers have successfully overturned Governor Roy Cooper’s veto on a bill that aimed to prevent the state from implementing a central bank digital currency (CBDC). The Republican-controlled Senate voted 27-17 in favor of House Bill 690, surpassing the required 60% threshold to override the governor’s rejection. This decision effectively
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
Ethereum price is currently trying to recover from the $2,350 zone. The price is struggling to break above $2,440 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD. In order to move higher in the near term, ETH must successfully clear
The US Securities and Exchange Commission (SEC) has recently raised concerns regarding the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has led the SEC to reserve the right to challenge these transactions under federal securities laws. This move has sparked criticism
Delving into the fascinating realm of cryptocurrency was not the initial career path for Opeyemi. However, after immersing himself in the digital asset industry for over two years, he has found himself captivated by the complexities of blockchain technology. Opeyemi prides himself on crafting unique pieces that decipher the intricacies of the crypto market and
In recent years, crypto firms have been increasingly disillusioned with the regulatory processes in the UK. The Financial Times reported a significant decrease of over 50% in registrations for crypto asset exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) in the past three years. This decline reflects the growing frustration within the
Ethereum price has been facing challenges as it attempts to recover from the $2,400 zone, with the cryptocurrency struggling to gain pace for a move above the $2,600 resistance level. Despite starting a recovery wave above $2,500 and $2,550, ETH is currently trading below $2,550 and the 100-hourly Simple Moving Average. There was a break
WazirX, a troubled crypto platform, has recently announced that it is entering a 30-day moratorium following a massive $234 million hack that occurred in July. The decision is pending approval by Singapore’s High Court on whether to grant an extension to this moratorium. This news comes as rival platform CoinSwitch has also expressed its intention
The recent legal saga involving former FTX executive Ryan Salame and the US government has taken a contentious turn. Salame has attempted to void his guilty plea, alleging that prosecutors misled him with false promises regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently denied these claims, stating that