Bài đăng

Buy signal for Bitcoin as indicator hints $80,000-plus soon

Hình ảnh
Bitcoin (BTC) is currently maintaining its position above $70,000 as the market anticipates how the maiden cryptocurrency’s price will evolve ahead of the upcoming halving event.  With the event often associated with bullish sentiment, Bitcoin will need to surpass its previous record high of over $73,000 to reach new heights. In this case, a crypto analyst by the pseudonym El_crypto_prof has underscored Bitcoin’s potential to achieve a new record high, suggesting that it could surge to $80,000 in the near future. Picks for you Warren Buffett's favorite books: a guide to the billionaire's bookshelf 12 mins ago Are we in the crypto renaissance? Binance transacting users up 26% in six months  23 mins ago 3 cryptocurrencies to avoid trading next week 2 hours ago XRP in a delicate balance phase as major price swing looms 3 hours ago Through an X (formerly Twitter) post on April 12, the analyst highlighted a key metric known as the Mayer Mu

‘Fighting for DeFi’: Top Decentralized Exchange Uniswap After Receiving Wells Notice From SEC

One of the biggest decentralized exchange (DEX) platforms says it is “fighting for DeFi” after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC). In a new blog post, Uniswap (UNI) says it has recently received a Wells Notice from the SEC, meaning that the regulator is planning on taking enforcement actions against the DEX soon. However, UNI says the SEC’s actions appear political in nature, that it won’t be pulling any of its products off the market due to the notice, and that the decentralized finance (DeFi) sector is worth fighting for. “Taking into account the SEC’s ongoing lawsuits against Coinbase and others as well as their complete unwillingness to provide clarity or a path to registration to those operating lawfully within the US, we can only conclude that this is the latest political effort to target even the best actors building technology on blockchains… We do this work because we believe blockchains can offer consumers

China’s Harvest May Be First Fund Manager To Launch A Spot Bitcoin ETF In Hong Kong Later This Month

Hình ảnh
China’s Harvest Fund Management Co.’s international arm may gain approval later this month to launch a spot Bitcoin ETF (exchange-traded fund) in Hong Kong. That’s according to a Bloomberg report that cited p eople familiar with the matter, after Reuters said earlier that the first approvals are likely to be announced in the next week.  Asset Managers Allowed To Manage Virtual Asset Portfolios The city’s Securities & Futures Commission (SFC) gave Harvest the go-ahead on Apr. 9 to provide virtual-asset related fund management services, Bloomberg said. With this approval, the company is allowed to manage portfolios that invest over 10% in digital assets.  China Asset Management also received such approval on the same day, according to the SFC’s website. Both of these firms’ parent companies are among the biggest fund managers in China, and each manage more than 1 trillion yuan ($138 billion) in assets. Hong Kong set to approve its first spot bitcoin ETFs in April, sources say

Bitcoin support and resistance levels to watch this week

Hình ảnh
Bitcoin (BTC) is back trading in the $69,000 price range, slightly below the psychological level of $70,000. On a volatile day, cryptocurrency traders look for insights on relevant support and resistance level s for the week. One way of spotting these key levels is by using on-chain data to identify price ranges with potential buying or selling pressure. In particular, IntoTheBlock provides data on the Bitcoin volume that is “in or out of the money,” on April 10. For example, the 614,250 BTC kept by 1.14 million addresses can form support between $66,555 and $68,585, averaging $67,578 per Bitcoin. This is because investors who previously purchased at these prices are currently profitable and likely to repeat the strategy. Picks for you Machine learning algorithm sets Dogecoin price for April 30, 2024 2 hours ago Bitcoin's last call: BTC presents buy signal before parabolic rally 2 hours ago Massive sell-off alert amid $300 million token unlock on Frida

Top Crypto Gainers Today Apr 10 – Braintrust, SafePal, KuCoin Token, Theta Fuel

Hình ảnh
There’s been some exciting news on the global market. Hong Kong is poised to introduce spot bitcoin exchange-traded funds (ETFs) this month, marking a significant milestone for Asia. The swift regulatory process underscores the city’s determination to enhance its financial landscape amidst economic uncertainties and geopolitical dynamics. Anticipation mounts as Hong Kong prepares to pioneer these innovative investment vehicles. This move could ignite a surge in global investment and bolster cryptocurrency adoption. Following the success of U.S.-listed spot bitcoin ETFs earlier this year, mainland Chinese and Hong Kong asset managers are eager to join the fray. This includes industry giants like China Asset Management. Biggest Crypto Gainers Today – Top List The Bitcoin halving commences in a few days, and the cryptocurrency market is abuzz with anticipation and speculation. Amidst this, the total crypto market capitalization is an impressive $2.60 trillion. However, the recent -2.4

BRICS Alternative To SWIFT Can Dethrone US Dollar

Hình ảnh
The BRICS alliance is working towards the creation of an alternative payment system for the US and the Western-dominated SWIFT. The system is currently under work and more details about its development could be revealed in the next summit in October. The US dollar will not be integrated into the SWIFT alternative payment system of BRICS. Also Read: BRICS : 2 New Countries Express Interest To Join the Alliance The main motto of BRICS is to dethrone the US dollar and make local currencies the de facto global currency. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. BRICS: SWIFT Alternative Could Uproot US Dollar’s Hegemony Source: Cryptopolitian.com Russia’s Central Bank Governor Elvira Nabiullina confirmed that the BRICS alter native to SWIFT is currently under work. Additionally, she revealed that the sanctions pressed by the US and Western allies are the reason why they plan to launch an alter native payment system

XRP's Long Due ATH Can Finally Cash In: Here's When!

Hình ảnh
The ongoing crypto bull run phase is yet to influence Ripple with its full might. The cryptocurrency has adopted a lethargic pace, trading at a modest $0.59 price level. However, with the US SEC announcing a closed-door meeting on April 11, speculators are hoping for a possible ripple-related development to finally chart its course in a positive light. If this happens, XRPs could take off to a new price level, cashing in a much anticipated ATH.  The cryptocurrency community on X is already brimming with new hope, anticipating XRP’s new price threshold soon. With rumors of a possible settlement spreading like wildfire, XRP may finally break into a bullish streak, giving the community a much-needed profit spree.  Also Read: XRP Price: Analyst Bullish For $1 Breakout Despite Ripple ’s Sluggish Ascent  SEC vs. Ripple: What’s Happening?  Source – Crypto News Flash In a new announcement made by the SEC, the agency has decided to conduct a closed-door meeting scheduled for April