[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to…
Author: dfrancis36
[ad_1] A federal judge threw out a $258 billion lawsuit that had accused Elon Musk of orchestrating a racketeering scheme to manipulate the price of Dogecoin, a win for the billionaire in a high-stakes legal fight. The class action suit, according to a Reuters report, first filed in June 2022, has had a long and circuitous history, until its final arguments before Manhattan District Judge Alvin Hellerstein on August 30, 2024. One Keith Johnson filed a class-action complaint against Musk alleging that his constant support of Dogecoin set off a rocketing price frenzy followed by a dizzying drop that cost…
[ad_1] Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase in the near term. Ethereum Price Attempts Recovery Ethereum price remained stable above $2,400 and attempted a recovery wave…
[ad_1] BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, experienced an outflow of $13.5 million on Thursday. This was IBIT’s first outflow since May 1st. Thursday’s outflow was the second ever for the iShares Bitcoin Trust since its launch in January. The ETF has seen consistent inflows almost daily, cementing itself as a dominant Bitcoin investment product.Prior to Thursday’s $13.5 million outflow, the last time the fund saw withdrawals was May 1st when $37 million was pulled out. That coincided with Bitcoin hitting a local low of $56,000.The outflow comes as spot Bitcoin ETFs recorded a third straight…
[ad_1] Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly distorts the true scale of market liquidations. Why Crypto Liquidation Data Is Bogus The core of Lunde’s argument revolves around changes implemented by these exchanges around mid-2021. For example, both Binance and Bybit adjusted their liquidation WebSocket API to report only one liquidation per…
[ad_1] Largely followed crypto analyst Altcoin Sherpa is warning that more weakness is ahead for one large-cap memecoin. The pseudonymous trader tells his 221,500 followers on the social media platform X that Dogecoin (DOGE) could depreciate by over 10% from its current level, even after bleeding more than 20% this month. Sherpa says, “Pains me to say it but DOGE probably keeps bleeding until the $0.08s. I still think this is probably a decent one for this cycle for passive investors but eh.” Based on the trader’s chart, he appears to suggest that the key levels to watch on Dogecoin’s…
[ad_1] On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day. Related Reading All of these moves are of a scale that may be associated with the whales, who are humongous entities on the blockchain that control a non-negligible part of the circulating supply. Because of their large holdings, these investors can…
[ad_1] In a series of pointed criticisms leveled against the US Securities and Exchange Commission (SEC), pro-XRP lawyer Bill Morgan has highlighted what he views as repeated judicial victory against the SEC’s approach to crypto regulation by enforcement. His remarks draw on several recent cases where federal judges have questioned the SEC’s stance that digital tokens such as XRP constitute securities. Why The SEC Lost: Pro-XRP Lawyer Bill Morgan’s analysis cites three distinct federal court rulings which collectively undermine the SEC’s long-standing assertion that cryptocurrencies should be treated similarly to traditional securities under the law. Morgan shared his comments via…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] In response to the Biden administration’s intensified scrutiny on the crypto industry, Custodia Bank, a notable Wyoming-based financial institution catering to crypto businesses, has recently undergone a significant restructuring. As reported by FOX Business on Thursday, Custodia Bank has made the decision to lay off nine of its 36 employees, a move aimed at conserving capital amidst mounting legal battles with the Federal Reserve (Fed). Operation Chokepoint 2.0 Impact Per the report, the core of Custodia Bank’s current challenges lies in its pursuit to obtain a master account, a gateway for state-chartered banks to access the Federal Reserve’s liquidity…