Author: dfrancis36

[ad_1] Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a close above the $62,000 resistance zone. Bitcoin Price Remains At Risk Bitcoin price started a recovery wave above the…

[ad_1] As the crypto industry gains weight in politics, candidates’ stances on cryptocurrencies make the difference when voting. Recently, the industry critic congressman Jamaal Bowman lost New York’s 16th District Democratic primary to George Latimer. Representative Bowman’s campaign was opposed by the crypto Super Political Action Committee (PAC) Fairshake. Anti-Crypto Candidate Loses Democratic Primary On June 25, Fox Business journalist Eleanor Terret reported that US congress member Jamaal Bowman had lost the NY Democratic primary. Seemingly, Bowman’s stance on cryptocurrencies played a crucial factor in his run for reelection. According to the non-profit organization Stand with Crypto (SWC), the Democratic…

[ad_1] Quinn Thompson, Chief Investment Officer (CIO) at Lekker Capital, articulated a strong buy signal for cryptocurrencies amidst a landscape fraught with bearish sentiment. In a statement released through the social media platform X, Thompson described the present market conditions as “one of the most obvious and attractive crypto buying opportunities of recent memory.” Lekker Capital, which has carved a niche in trading cryptocurrencies based on macroeconomic cues, provides an analysis that contrasts sharply with the prevailing market mood. Thompson’s commentary comes at a time when the broader crypto community appears enmeshed in pessimism. He expressed concern over the current…

[ad_1] Cryptocurrency company Abra and its CEO, William “Bill” Barhydt, settled with 25 state financial regulators in the United States for operating a crypto business without obtaining appropriate licenses. Apparently, it offered crypto trading and investing services without any license.Announced yesterday (Wednesday) by the Conference of State Bank Supervisors (CSBS), the participating states in the settlement are Alaska, Alabama, Arizona, Arkansas, Connecticut, District of Columbia, Georgia, Idaho, Iowa, Maine, Minnesota, Mississippi, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Vermont, Washington, and West Virginia.Returning Customer Funds Under the terms of the settlement,…

[ad_1] The Bitcoin price experienced significant turbulence as the US and German governments executed transactions involving seized Bitcoin (BTC) holdings, leading to another BTC retracement. According to market intelligence platform Arkham, the US government has transferred nearly 4,000 BTC, originally seized from drug trafficker Banmeet Singh, to Coinbase. Meanwhile, the German government engaged in substantial Bitcoin transactions, liquidating approximately 2,786 BTC in the early hours of Wednesday. Bitcoin Price Braces For Potential Impact As previously reported by Bitcoinist, Banmeet Singh, an Indian national, pleaded guilty to charges related to narcotics trafficking and money laundering in January.  Singh’s “criminal enterprise” reportedly…

[ad_1] The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation Signals Bullish Continuation In an analysis on TradingView, crypto analyst TradingShot pointed out that the XRP price is seeing another triangle formation. This formation comes from the culmination of a number of indicators, all of which have become bullish during this time. Related Reading…

[ad_1] The final approval for the trading of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) could come as soon as July 4, Reuters reported, citing “industry executives and other participants.” Although the SEC has yet to confirm anything officially, its talks with asset managers on the spot Ether ETF have been said to have entered the final stage. Eight asset managers, including BlackRock, VanEck, Franklin Templeton, and Grayscale Investments, seek approval to launch spot Ether ETFs.enter the ether 🫴 pic.twitter.com/YXgKQFP5Nr— VanEck (@vaneck_us) May 23, 2024Spot Ether ETF Is Coming to the US Last month,…

[ad_1] On-chain data shows a Litecoin whale has withdrawn around $20 million in LTC from Binance, which could be bullish for the asset’s price. Litecoin Whale Has Just Made A Large Outflow From Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a massive transfer has been spotted on the Litecoin blockchain during the past day. The transaction saw the movement of 286,482 LTC across the network, worth almost $20.6 million when the move went through. Given this large scale, it’s likely that a whale entity was behind it. Whales are considered influential beings on the blockchain…

[ad_1] Cardano price failed to surpass $0.40 and started another decline. ADA is now trading below $0.3850 and might extend losses in the near term. ADA price started a fresh decline and traded below $0.3880. The price is trading below $0.3850 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3845 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend losses and test the $0.370 support zone. Cardano Price Dips Again In the past few days, Cardano attempted a recovery wave above the…

[ad_1] In a notable legal development involving crypto, Remy St. Felix, a 24-year-old from West Palm Beach, Florida, was recently convicted by a federal jury in Greensboro, North Carolina, for orchestrating a series of violent home invasions targeting crypto owners in states, including North Carolina, Florida, Texas, and New York. This case sheds light on a growing criminal trend where digital asset holders are directly attacked in their homes, reflecting the increasing intersection of traditional crime with the crypto market. Detailed Investigation Leads to Conviction St. Felix, who faced multiple charges, including conspiracy, kidnapping, and Hobbs Act robbery, was found…