[ad_1] In a remarkable milestone for the cryptocurrency sector, Bybit, a leading Singapore-based crypto exchange has surpassed San Fransisco-based crypto exchange Coinbase in terms of trading volume, securing its position as the second-largest crypto exchange in the world. This milestone demonstrates Bybit’s quick expansion and growing power in the global digital asset market as it draws in an ever-widening range of users. The accomplishment occurs in the midst of a competitive and dynamic environment for cryptocurrency exchanges, where platforms are always coming up with new ideas to gain market dominance. Bybit’s Overall Market Shares Doubles As of the latest market…
Author: dfrancis36
[ad_1] Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,420 and $3,450 resistance levels to continue higher. Ethereum Price Eyes Recovery Ethereum price extended losses and traded below the $3,350 zone. ETH even tested the $3,240 support…
[ad_1] The memecoin market has surged, with its market cap reaching $58 billion and posting a 10% gain in the last 24 hours, outpacing the broader cryptocurrency market, which saw a 5.5% increase over the same period. The top five memecoins, comprising around 77% of the total market cap, have seen significant gains. Notably, Shiba Inu recorded a rally of over 7% in the past 24 hours and 12% over the past week. Other major memecoins, such as dogecoin, pepe, and floki, have also experienced notable increases. Wintermute analysts attribute the surge to “fast money,” with a focus on memecoins…
[ad_1] The approval process for the Spot Ethereum ETF is progressing smoothly, according to the US Securities and Exchange Commission Chair, Gary Gensler. Speaking at the Bloomberg Invest Summit, Gensler expressed optimism for the new investment product, which is anticipated to launch as early as July. This development marks a significant milestone for the cryptocurrency market, as Ethereum prepares to follow in the footsteps of its Bitcoin counterpart. Ethereum ETF: Smooth Sailing Towards Approval? Gensler emphasized the positive trajectory of the Spot Ethereum ETF approval process in his remarks. “The registration process is working smoothly,” he said, echoing statements made…
[ad_1] Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The Bitcoin Bottom In? In his in-depth analysis, Duncan pointed out that the crypto market has been underperforming relative to equities over the past few weeks. This trend was a concern until a pivotal development emerged concerning Mt. Gox. Duncan noted, “Yesterday’s Mt. Gox headline…
[ad_1] In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can be prosecuted on behalf of the cryptocurrency exchange in an ongoing tax evasion case. The case involves Binance and its executives, including Gambaryan, a U.S. citizen serving as head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, who holds the position of regional manager for Africa. They collectively face four counts of tax evasion and have also been accused of laundering over $35 million and engaging in specialized financial activities without proper licensing. All parties have pleaded not guilty to the money…
[ad_1] Michael Kane and Shane Hampton have received jail terms for manipulating the price of a cryptocurrency of their company, Hydrogen Technologies, with wash and spoof trading, thus defrauding investors.Jail For Market Manipulation According to the announcement by the Department of Justice yesterday (Tuesday), Kane, co-founder and CEO of the company, received three years and nine months in prison, while Hampton, the Head of Financial Engineering, received two years and 11 months. The sentencing came after Kane pled guilty to one count of conspiracy to commit securities price manipulation, one count of conspiracy to commit wire fraud, and two counts…
[ad_1] An anonymous donor has significantly contributed to the cause of Julian Assange, the founder of WikiLeaks, by covering almost the entire cost of his travel expenses as he transitioned from detainment to freedom. This donation of 8 Bitcoin (BTC), valued at nearly $497,000 at current market rates, nearly fulfills the total appeal of $520,000 outlined by Assange’s family. Bitcoin Donor Covers Assange’s Private Jet On Tuesday, Assange’s wife Stella posted via X: “URGENT: Emergency appeal for donations to cover massive $520,000 debt for jet. Julian’s travel to freedom comes at a massive cost: Julian will owe $520,000 which he…
[ad_1] Injective (INJ), a project known for its cross-chain derivatives protocol, is grabbing headlines after crypto analyst Javon Marks released a bullish prediction. Marks, a popular figure in the crypto space, believes INJ is poised for a “monstrous rally” towards a staggering $380 target. Related Reading This optimistic outlook comes amidst a generally volatile cryptocurrency market, leaving investors to wonder: is Injective really hurtling towards the moon, or is this a case of overzealous enthusiasm? Technical Twinkle: Hidden Bullish Divergence Fuels Optimism Marks’ prediction hinges on a technical indicator known as “hidden bullish divergence.” In layman’s terms, this suggests a…
[ad_1] After a decade-long tenure at Grayscale Investments, Michael Sonnenshein is stepping down as chief executive officer of the cryptocurrency asset manager. He will be succeeded by Peter Mintzberg, currently serving as the global head of strategy for asset and wealth management at Goldman Sachs Asset Management. Mintzberg is set to assume the role of CEO on August 15, according to a press release from Grayscale. During this time, Edward McGee, the Chief Financial Officer, will assume leadership of the company. Sonnenshein, who joined Grayscale in 2014 and served as CEO for the past three years, decided to depart to…