[ad_1] Tigran Gambaryan, a Binance executive who had been detained since February, has been officially cleared of all charges by the Nigerian government. The Economic and Financial Crimes Commission (EFCC) requested the withdrawal of the case at the Federal High Court in Abuja during a court session on October 23, 2024. This announcement was made during the session. Gambaryan, the chief of financial crime compliance at Binance and a US citizen, was previously accused of money laundering and currency manipulation. However, these accusations have been dismissed. BREAKING: Nigerian Government Drops All Money Laundering Charges Against Binance Executive Gambaryan | Sahara…
Author: dfrancis36
[ad_1] XRP price extended losses and tested the $0.5120 zone. The price is now rising and might attempt to clear the $0.5320 resistance zone. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5350 resistance zone. XRP Price Starts Fresh Increase XRP price failed to start a fresh increase and extended…
[ad_1] Este artículo también está disponible en español. Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and faces many hurdles near the $2,550 level. Ethereum started a downside correction below the $2,550 support. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,550 and $2,600 resistance levels. Ethereum Price Starts Recovery Ethereum price extended its decline below the…
[ad_1] After years of refinement, Ethereum, the world’s largest smart contracts platform, is scaling. However, it does not scale in the way most decentralization purists desire. The network, trying to accommodate all its users, now relies mainly on off-chain solutions using roll-up techniques to process more transactions and relieve the mainnet. The Ethereum Layer-2 Boom The result has seen a boom with layer-2 platforms. According to L2Beat, all these off-chain solutions scaling Ethereum manage over $37 billion worth of assets. The largest of them all is Arbitrum, which controls more than $13 billion. Despite the boom, the question of decentralization…
[ad_1] Chainlink is the leading middleware, linking on-chain dapps with external data securely. While the platform is critical in many crypto sectors, especially DeFi, LINK has recently struggled for momentum. LINK Holders Moving Tokens From Exchanges: Are They Accumulating? However, on-chain streams from IntoTheBlock reveal that more holders are moving tokens from top exchanges like Binance and Coinbase. In a post on X, the analytics platform observes that exchange flow over the past month has been negative, signaling sustained withdrawals. Usually, whenever tokens are moved from exchanges, it could indicate that owners are confident of what lies ahead. Since LINK,…
[ad_1] Following the Federal Reserve’s decision to cut interest rates in September, Bitcoin has been volatile yet predominantly bullish. Analysts and investors are now waiting patiently for the next leg up, as BTC recently stopped at the $69,400 mark and is finding strong support around $66,000. This level is key, as it could determine Bitcoin’s next price movement. Key data from CryptoQuant reveals that the Bitcoin Average Profitability Index is currently at 202%, indicating that the price is roughly twice the realized price. This metric provides confidence to investors and traders who expect Bitcoin to continue rising. With profitability still…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] Several positive developments have been cited lately around the Ethereum blockchain network, one of which is the recent significant drop in the network’s transaction fees after a period of extremely high costs, which has historically been a major challenge for users. Ethereum Transaction Cost At A New Low The average transaction fees on the Ethereum network have fallen sharply to new lows, offering users relief as they enjoy cheaper transactions. Santiment, a leading market intelligence and on-chain data platform, reported the advancement in a recent post on the X (formerly Twitter) platform, reflecting a notable drop in on-chain activity…
[ad_1] Strong altcoins look poised for a move up, according to a top crypto analyst. The pseudonymous crypto trader known as Pentoshi tells his 809,600 followers on the social media platform X that the digital asset market is currently in an important spot for altcoins. “I personally like the structure or basing taking place. It looks constructive for another move higher. There’s certainly a lot of upside *IF* this can be flipped from resistance to support. I’ve been very bullish on BTC, and this is a type of spot where MANY not ALL alts can get stuck on BTC/USD pivots…
[ad_1] Este artículo también está disponible en español. The Bitcoin price action is raising concerns after a failed attempt to push past critical resistance levels, with bearish signals now emerging. According to an analysis shared on TradingView by the analyst RLinda, Bitcoin could be on the way to reversing last week’s gains and correcting heavily due to the formation of a bearish engulfing pattern. Failed Push Above $69,000 Marks Bearish Reversal For Bitcoin RLinda’s analysis of the Bitcoin price trajectory is based on a new bearish engulfment candlestick pattern that is developing on the daily candlestick timeframe. Last week, Bitcoin…