[ad_1] The ongoing legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) could end this week with a settlement between the two parties, as the SEC has scheduled a meeting behind closed doors for Thursday, July 18, 2024. Ripple Vs. SEC Settlement This Week? Brett Hill, an ambassador from the crypto exchange Bitrue, stoked the fires of speculation with a post on X. Hill’s tweet, which was accompanied by a screenshot of an SEC announcement, read: “BOOOOOOOM! private executive meeting at their headquarters in Washington for this Thursday (18 Jul-24)! Reliable sources have informed us…
Author: dfrancis36
[ad_1] Ethereum price started a major increase above the $3,250 resistance zone. ETH even surpassed $3,300 and aims for more upsides in the near term. Ethereum is gaining pace above the $3,250 level. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,320 and $3,350 resistance levels. Ethereum Price Regains Strength Ethereum price started a steady increase above the $3,150 resistance zone. ETH even climbed above the…
[ad_1] After two months of pleading guilty, BitConnect’s national promoter in Australia, John Bigatton, has been convicted by the court for providing unlicensed financial advice and released on a recognisance of good behaviour for three years.The Australian court’s decision on Friday came after Bigatton pled guilty in May for his role in promoting the cryptocurrency scam to retail investors in the country. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the country, and had face-to-face meetings with victims, persuading them to invest in the scheme.Licensing Is a MustThe Australian Securities and Investments Commission (ASIC), which indicted…
[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] XRP price gained bullish momentum above the $0.50 resistance zone. The price is consolidating gains and might aim for another move above the $0.5450 resistance zone. XRP price gained over 20% in a few days and broke the $0.500 zone. The price is now trading above $0.5050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains if there is a close above the $0.540 resistance level. XRP Price Regains Strength XRP price remained in…
[ad_1] Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it breaks the $62,500 support. Bitcoin Price Regains Strength Bitcoin price started a decent increase above the $59,500 and $60,000 resistance…
[ad_1] Sergey Nazarov, co-creator of blockchain oracle service Chainlink (LINK), says that one burgeoning sector of the digital asset space is set to become a leading trend. Nazarov tells his 150,000 followers on the social media platform X that real world assets (RWAs) look poised to become the next big trend in blockchain. The RWA trend in crypto aims to tokenize assets in traditional markets like real estate, loans, bonds and more on-chain. Says Nazarov, “Real World Asset (RWA) tokenization is the next big trend in the blockchain industry, and I believe it is on track to hold more on-chain…
[ad_1] Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies. Related Reading Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone. A Test Of The Market There were tremors felt in the cryptocurrency market when the German government decided to sell about 5,000 BTC, or 90% of its Bitcoin holdings. As Bitcoin struggled to maintain values over…
[ad_1] According to a recent survey by CoinGecko, many crypto investors are feeling pessimistic about the crypto market’s recent price performance. The performance of Bitcoin and other cryptocurrencies undoubtedly left many investors wanting in June and the first week of July. This lackluster performance is a far cry from what many might have anticipated, especially considering that Bitcoin recently concluded its halving. CoinGecko’s report, which featured 2,558 people, shows that 49.3% of respondents still felt bullish about the market. CoinGecko Report Reveals Decline In Bullish Sentiment With the market recently going through a rough patch, it’s no wonder that investor…
[ad_1] According to the latest on-chain observation, the Bitcoin traders’ realized losses have reached a level that has proven critical to the coin’s movement multiple times in recent years. This begs the question — is the Bitcoin price bottoming out? Traders’ Realized Losses Below -12 Again — What Happened Last Time? In a recent post on the X platform, prominent crypto analyst Ali Martinez pointed out that the amount of losses being realized by Bitcoin traders has been increasing in recent weeks. This on-chain revelation is based on the CryptoQuant Profit/Loss Margin metric, which aggregates profits and losses from all…