The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar. A $150 SOL ahead? Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near
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During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company’s latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) “in a couple of weeks.” AMC began accepting online payments for movie tickets via major
The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claim that the SEC is investigating whether: “certain nonfungible tokens… are being utilized to raise money like traditional securities.” Throughout the
Seasoned crypto enthusiasts will remember Didi Taihuttu as the man who went all-in on Bitcoin (BTC) in 2016. He sold his and his family’s possessions. camping out in the Netherlands while he waited for Bitcoin to the moon. In an interview with Cointelegraph, Taihuttu recalls how it felt to own almost nothing but Bitcoin, 6 years
The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction
A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a Double Top chart pattern. The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction towards a common support level, called
Scams have started exploiting the desire of many in the crypto community to support Ukraine’s efforts to withstand Russia’s military assault and help its citizens endure the conflict. As the country is raising millions in bitcoin, a report has indicated that fraudulent schemes luring donors to “help Ukraine” with cryptocurrency are on the rise. Crypto
Bitcoin (BTC) hit daily lows then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: March rate hike expected “appropriate” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $43,350 on Bitstamp before the Wall Street open
On Tuesday, decentralized exchange Uniswap launched an interface that directly converts ERC-20 tokens — such as Aave, Chainlink’s LINK and Decentraland’s MANA — to Ether (ETH). The coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed that the address shared by
Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global. Binance and Cuscapi Berhad acquired a key stake in MX Global, one of the four Recognized Market Operators – Digital Asset Exchange licensed by the Securities Commission (SC)
Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels. In an update to Telegram subscribers on Mar. 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD. Trader focuses on levels above $40,000 After surprising the market
A hacking group that infiltrated Nvidia servers last month is attempting to sell software that could unlock crypto mining hash rate limiters on the firm’s flagship graphics cards. A South American hacking group going by the name LAPSUS$ claims to have stolen a terabyte of data from Nvidia servers in late February. The group is
Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the
In an email quoted by Reddit users, Kraken, the world’s eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after
Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA decouples from the crypto market LUNA’s price surged by a little over 75% to reach $91.50 at the month’s UTC close. In comparison, the percentage performance of
Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.” They say the crypto market is not nearly large enough nor deep enough to support the volume that Russia needs and that the country’s digital asset infrastructure is minimal. Former U.S. Secretary of