[ad_1] Macro guru and Real Vision CEO Raoul Pal is highlighting a layer-1 blockchain that he sees becoming a major force to reckon with. Pal tells his one million followers on the social media platform X that Solana (SOL) competitor Sui (SUI) is “acting like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One.” According to the Real Vision CEO, people should “pay attention to Sui” amid bullish signals, technological upgrades and growing adoption. Pal says one of the bullish signals Sui is flashing includes breaking out of…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term. Bitcoin Spot Exchange Supply Has Been On The Decline Recently In a new post on X, analyst Willy Woo has discussed the short-term and medium-term trajectories that BTC could follow. For the former, the analyst says the bullish trend would continue, with “likely 1 week left in play.” Related Reading In the medium term, things appear to be more complicated, as Woo has pointed out the trend forming in the Bitcoin inventory sitting on…
[ad_1] Two ex-senior executives from Coinbase, Vishal Gupta and Patrick McCreary, have announced the launch of TrueX. This new crypto exchange will focus on stablecoins, using PayPal Holdings Inc.’s PYUSD as its “preferred token for transactions.” According to a Bloomberg report, TrueX aims to cater primarily to institutional investors in the US and select international markets. This move comes as stablecoins, like PYUSD, have become integral to the crypto ecosystem, offering a stable value pegged to the US dollar and serving as a bridge for trading other digital assets. TrueX and Its Place In The Crypto Market Vishal Gupta, who co-founded…
[ad_1] XRP price is again moving higher above $0.580. The price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP price remained supported near the $0.5700 zone. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $0.5720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels. XRP Price Eyes Upside Break XRP price formed a base above $0.5620 and started…
[ad_1] After weeks of continued bullishness, Helium has now succumbed to the bearish pressure going against the grain as the broader market skyrockets in the short term. The latest market data shows that HNT fell by nearly 16% since last week, leading to a flip in investor sentiment. HNT’s market performance in the short term is largely due to a recent development in the Helium community concerning the upcoming Helium v3 network upgrade. With the recent community uproar, we might see HNT struggle to perform in the short term. A Short Primer On Helium v3 Last week, the official X…
[ad_1] Este artículo también está disponible en español. According to the Financial Times, the Swiss stock exchange SIX, the third largest in Europe, is exploring the possibility of launching a new Bitcoin and crypto exchange in the country, aiming to position itself to compete with exchanges like Binance, OKX and Coinbase. SIX Group Plans New Bitcoin Trading Venue Bjørn Sibbern, Global Head of Exchanges at SIX Group, highlighted the potential for creating a platform to facilitate trading in spot cryptocurrencies and derivatives, noting that crypto has become a globally recognized asset class. According to the report, the exchange aims to…
[ad_1] The Securities and Exchange Commission (SEC) has taken action against another decentralised finance lending platform, as the regulator charged Rari Capital and its co-founders, alleging that they operated an unregistered broker, offered unregistered securities, and misled investors.Announced yesterday (Wednesday), the complaint also named the platform’s three co-founders: Jai Bhavnani, Jack Lipstone, and David Lucid. The company and the individuals have already settled the charges with the regulator.Another Crypto Lending Platform BustedRari offered investment products, Earn pools and Fuse pools, which, according to the SEC, functioned as crypto investment funds as they allowed investors to deposit cryptocurrencies in lending pools…
[ad_1] According to one analyst, Tron, a popular smart contracts platform and a stiff competitor of Ethereum, could be one of the most important layer-1s. Based on his assessment, the platform now serves more as a transactional layer, similar to Bitcoin. Tron Leads In P2P Stablecoin Transfers While the network was first known for hosting gaming dapps due partly to its high scalability and low fees, it has evolved over the years. Taking to X, the analyst argues that Tron plays a critical role in banking the unbanked and the underserved in developing economies. In a post, the analyst notes…
[ad_1] Dogecoin started a fresh increase from the $0.0985 support against the US Dollar. DOGE could gain pace if it clears the $0.1085 resistance. DOGE price is eyeing an upside break above $0.1085. The price is trading above the $0.100 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.1030 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could rally if it clears the $0.1060 and $0.1085 resistance levels. Dogecoin Price Rises Again After a steady decline, Dogecoin price found support near the…
[ad_1] Larry Fink, the founder and Chief Executive Officer (CEO) of BlackRock, the world’s largest asset manager, has admitted to being wrong about his previous views on Bitcoin. While reversing his former stance on the pioneer cryptocurrency, the renowned CEO lauded praises for the cryptocurrency, underscoring its incredible growth over the years. BlackRock CEO Confesses Misjudgment On Bitcoin In a recent interview with CNBC TV, Fink publicly disclosed that he was once a “proud skeptic” of Bitcoin, doubting the cryptocurrency’s value and long-term role in the financial sector. Like many in the financial sector who underestimate BTC’s potential, Fink had…