[ad_1] Worldcoin (WLD) is currently enjoying an upward trend, with the crypto token surging by over 15% in a single day to reach $3. This development is thanks to the recent strides that the Worldcoin team has made to achieve the goals of the crypto project. Expansion Of Worldcoin’s World ID Provides Bullish Momentum The Worldcoin team recently announced that World ID, the project’s global identity network, would be making an entry into Ecuador. Locals in the country can get verified using the Orb to join Worldcoin’s identity network. The team mentioned that verifications will be available at six locations…
Author: dfrancis36
[ad_1] On June 20, Ripple Labs Inc. scored a pivotal victory in its ongoing legal challenges, specifically in the federal class action suit filed in the Northern District of California. The case (4:18-cv-06753-PJH), presided over by Judge Phyllis J. Hamilton has been closely monitored by the XRP community due to its potential implications for the classification of the digital asset under US securities law. Here’s What The Ruling Means For XRP Judge Hamilton’s ruling granted Ripple’s summary judgment motion, dismissing both federal and state class claims that XRP was sold as an unregistered security. Fred Rispoli, a vocal pro-XRP lawyer,…
[ad_1] Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,485 and $3,450 support levels. Ethereum Price Trims Gains Ethereum price started a decent increase above the $3,500 zone.…
[ad_1] In an exciting development for the Shiba Inu community, the project’s team member and the head of developers, Shytoshi Kusama, has teased an upcoming game update designed specifically for the SHIBArmy, while sharing key information regarding the game. This news suggests a big improvement coming soon to the Shiba Inu ecosystem, aiming to increase participation and extend the use of the SHIB coin. Shiba Inu Game To Provide Unique Opportunities Shiba Inu team member and marketing lead Lucie shared the update on the X (formerly Twitter) platform on Thursday in Shytoshi Kusama’s words. It is important to note that…
[ad_1] A closely followed crypto strategist believes that one red-hot altcoin project is on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that dogwifhat (WIF) may have yet to find a market bottom. “WIF: decent area overall, I expect a bounce. But I don’t really think this is the overall bottom. Strong retrace overall and expecting lower.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that WIF could bounce to around $2.50 before dropping down to the Fibonacci retracement level at $1.26. WIF was trading for $0.148 on…
[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…
[ad_1] Global banking giant Standard Chartered is launching a spot trading desk for Bitcoin and ether, positioning itself as one of the first major banks to offer direct spot Bitcoin trading services.BREAKING: $800 billion Standard Chartered Bank is building a spot #Bitcoin trading desk – BloombergGradually, then suddenly 👏 pic.twitter.com/iwmjFcHgBd— Bitcoin Magazine (@BitcoinMagazine) June 21, 2024 According to recent reports from Bloomberg, the new London-based Bitcoin trading desk will start operations soon and be part of the bank’s FX trading unit. Standard Chartered has been positive on Bitcoin for years and is now moving to meet surging institutional demand.Standard Chartered said,…
[ad_1] Pendle (PENDLE), a cryptocurrency powering a decentralized finance (DeFi) protocol, has experienced a price surge in recent days. This rally comes amidst positive developments within the Pendle ecosystem and a high-profile investment from industry veteran Arthur Hayes. However, concerns regarding token distribution threaten to cast a shadow over Pendle’s long-term prospects. Related Reading Hayes Fuels The Fire: Crypto Whale Ignites Investor Confidence The recent price surge can be partly attributed to a strategic move by Hayes, co-founder of BitMEX and a prominent figure in the crypto space. Pendle tallied a 25% increase from its lowest point this week to…
[ad_1] In a significant development within the crypto sector, BitFlyer Holdings has successfully negotiated the acquisition of FTX Japan, the local subsidiary of the bankrupt crypto exchange FTX. This move is poised to reshape the landscape of digital asset trading in Japan, leveraging BitFlyer’s established reputation and FTX Japan’s existing infrastructure. BitFlyer Seals Deal To Acquire FTX Japan, Cementing Market Position On June 20, BitFlyer announced via its social media platform X (formerly Twitter) that it had entered into a definitive agreement to acquire 100% of FTX Japan’s shares. This acquisition, subject to approval from the US Bankruptcy Court, underscores…
[ad_1] The CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, is updating his outlook on altcoins ahead of a potential approval of spot Ethereum (ETH) exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC). Young Ju tells his 348,500 followers on the social media platform X that Ethereum’s Market Value to Realized Value (MVRV) metric is flashing a bullish signal. The MVRV indicator, which is used to assess whether a particular crypto asset is undervalued or overvalued, is the ratio of market capitalization of Ethereum, or any other crypto asset, relative to its realized capitalization (the value…