[ad_1] A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is gearing up for a big market reversal. Analyst Michaël van de Poppe tells his 733,600 followers on the social media platform X that he’s bullish on Chainlink (LINK). Van de Poppe predicts that LINK’s immediate resistance will crumble if the altcoin witnesses another upside move. “I believe that LINK will be breaking out in the next one to two weeks. Another test of $13 is going to be the trigger –> $18 next.” Source: Michaël van de Poppe/X At time of writing, LINK is…
Author: dfrancis36
[ad_1] The victims of the WazirX hack last July 2024 are now planning a class-action lawsuit. According to multiple sources, a group of victims is finalizing the plans to sue India’s largest crypto exchange to recover more than $600,000 in crypto assets. It’s the latest development related to India’s biggest crypto hack, in which more than $230 million worth of cryptocurrencies were stolen. According to recent reports, the hacker or group of hackers has already completed laundering stolen funds using Tornado Cash. WazirX Undergoing Recovery, Faces Suits Ahead The planned class-action lawsuit was announced a few days after WazirX published…
[ad_1] Este artículo también está disponible en español. Michael Saylor’s MicroStrategy is back in the news, with its stock trading at a 25-year high. TradingView’s recent data shows that MicroStrategy (MSTR) hit $235.89 in Thursday’s session. The stock’s price increased by more than 7% on October 25th. MicroStrategy’s price action last Thursday continued its 6-week rally and came ahead of its scheduled Q3 earnings report. Related Reading This week’s stock performance reflected the company’s consistent growth over the past few years. MicroStrategy has outperformed most of its peers in the S&P 500 index and even outpaced Microsoft’s growth since 1999.…
[ad_1] Este artículo también está disponible en español. Analysts predicted that Ethereum price could exponentially increase as whales become more interested in the crypto asset, with whale activity hitting a six-week high. Despite the projected growth, an Ethereum insider suggested that the cryptocurrency should address several key issues to ensure that it can continue to flourish. Related Reading Ethereum: Projected Price Upsurge Analyst Bаsictrаdingtv stated that prices of Ethereum could skyrocket as there is a growing interest among investors to buy the digital asset, saying that a 60% price hike is highly likely to happen. Blockchain data analysis firm Santiment…
[ad_1] Technical analysis shows Ethereum has been trading in an ascending channel pattern since July 2023, largely with a series of higher highs and higher lows. As it stands, recent market movements have seen Ethereum retesting the lower trendline of this ascending channel, which could make or break its performance in the coming months. The current ascending channel offers a promising outlook and a projection of a rally toward the channel’s upper boundary, with a price target near $6,000. However, for Ethereum to capitalize on this upward momentum, the bulls will need to defend the bottom trendline vigorously against bearish…
[ad_1] As a recently established investment vehicle, understanding the tax implications associated with digital assets is essential for both casual investors and active traders in Canada. The Canada Revenue Agency (CRA) treats cryptocurrency similarly to other investment assets, making it crucial for Canadian taxpayers to grasp how their crypto activities will impact their tax obligations.The application of cryptocurrency tax in Canada encompasses the various tax treatments applied to activities like trading, mining, and using crypto to purchase goods or services. While the CRA does not view cryptocurrency as legal tender, it does treat it as a commodity, meaning that any…
[ad_1] Este artículo también está disponible en español. Bitcoin ETFs ended last week on another positive note with $997.70 million in net inflows and demand reaching its highest level in six months. Undoubtedly, these ETFs have marked the turning point for Bitcoin and other cryptocurrencies since the beginning of the year, as it opened up the cryptocurrency to inflows from every side. Related Reading Interestingly, data has shown that retail investors are responsible for most of the demand for Spot Bitcoin ETFs, accounting for 80% of the total assets under management. Bitcoin ETFs Changing The Narrative According to Bloomberg data,…
[ad_1] The Bitcoin (BTC) market has been significantly disturbed over the last 24 hours following a series of troubling news reports. During this period, the crypto market leader has recorded notable downfalls with its price slipping below the $66,000 price mark. However, a crypto analyst with X username Luca has postulated this recent price decline can be attributed to another factor beyond the news events. Bitcoin Crash Due To Overleveraged Market, Not News Event: Analyst On Friday, the Wall Street Journal reported that Tether was under investigation by US authorities over potential illicit use of the USDT stablecoin in money…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] The Bitcoin price has slowed down over the last few days, crashing to around $65,500 on the morning of Saturday, October 26. The premier cryptocurrency has not particularly impressed in the historically bullish month of October, but the next few days could be pivotal to the coin’s future trajectory. Having seemingly established support in the $65,000 region, the BTC price appears to be gearing for a run to the upside and potentially resuming the bull cycle. A popular crypto pundit on the social media platform X has sketched the possible route of the market leader to a new all-time…