[ad_1] Este artículo también está disponible en español. An analyst has explained how XRP could end up traveling to the $4 level if its 4-hour price can break out of a recent bull flag pattern. XRP Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali Martinez has talked about how the 4-hour price of XRP has been forming a Bull Flag recently. The “Bull Flag” here refers to a pattern in technical analysis (TA) that, as its name suggests, looks like a flag on a pole. The pattern forms whenever the asset’s price…
Author: dfrancis36
[ad_1] On-chain data shows the Bitcoin Hashrate has been on the rise recently, an indication that the miners are expanding their mining farms. Bitcoin Mining Hashrate Has Returned Close To Its All-Time High The “Hashrate” refers to an indicator that keeps track of the total amount of computing power that the miners as a whole have connected to the Bitcoin blockchain. This metric is useful for determining the sentiment among the chain validators. When the value of the indicator goes up, it means new miners are joining the network and/or old ones are expanding their farms. Such a trend implies…
[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] As the market continues its massive rally, Ukrainian lawmakers are preparing to legalize crypto soon officially. Local reports revealed that the parliament is working on a draft law but is not considering tax exemptions for digital assets. Ukraine Prepares To Legalize Crypto During a “Domestic Investment Opportunities” forum, Danylo Hetmantsev, Head of the Ukrainian Parliament Committee for Finances, Tax and Customs Policy, revealed that Ukraine aims to legalize digital assets in the coming months. Hetmantsev stated that the parliament’s working group is working alongside the National Bank and the International Monetary Fund (IMF) on a draft law to pass…
[ad_1] Ethereum price started a decent increase above the $3,750 zone. ETH is consolidating gains and might aim for a move above the $3,980 resistance zone. Ethereum started a decent increase above $3,750 and $3,800. The price is trading below $3,800 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,950 and $3,980 resistance levels. Ethereum Price Outpaces Bitcoin Ethereum price remained stable and extended gains above $3,750 beating Bitcoin.…
[ad_1] The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years in federal prison for operating a fraudulent crypto investment scheme. The fraud, which spanned over a year, defrauded multiple investors of more than $350,000. The sentencing, handed down by United States District Judge Thomas O. Rice, includes 41 months in federal prison, three years of supervised release, and restitution totaling $326,119. McElhiney was immediately remanded to federal custody following the hearing. The Scamming Tactics The fraudulent scheme revolved around a fake crypto investment fund, MAC Blockchain Solutions. McElhiney lured…
[ad_1] Este artículo también está disponible en español. According to a report by crypto asset management firm Sygnum, institutional investor-led ‘demand shocks’ could propel Bitcoin (BTC) prices to new highs in 2025. However, altcoins may underperform due to factors such as reduced capital rotation from BTC to other cryptocurrencies. Bitcoin Likely To Continue Its Momentum Into 2025 In a report titled Crypto Market Outlook 2025, asset manager Sygnum outlined multiple factors that are likely to further push BTC price upwards next year. The report highlights new capital inflows into the market – particularly institutional inflows – as the primary driver…
[ad_1] Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for the Magic Eden non-fungible token (NFT) marketplace. Users can…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations. The measure, introduced by Mayor Ken Sim and passed at the December 11, 2024 Standing Committee meeting, directs staff to investigate accepting BTC for city taxes and fees and the feasibility of incorporating it into the city’s financial reserves. The motion secured support from six councilors, while two opposed and three were absent. The decision represents only the initial step toward assessing Bitcoin’s potential role in safeguarding the City of Vancouver’s purchasing power. Next Bitcoin City? Mayor Ken Sim emphasized that the initiative is…