[ad_1] Terraform Labs (TFL), the blockchain company at the center of a protracted legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. The settlement, amounting to a staggering $4.47 billion, ended over a year of intense legal proceedings. CEO Chris Armani Confirms Terraform Labs’ Closure On Wednesday, the US SEC disclosed the settlement details, prompting CEO Chris Armani to announce the complete dissolution of the company’s operations via a social media post on X (formerly Twitter). Armani acknowledged that TFL had “always intended to dissolve at some point”…
Author: dfrancis36
[ad_1] Despite the price crash after rising to $69,000, the Bitcoin price remains in the game, with bulls continuing to hold up the support above $67,000. Bullish sentiment also continues to prevail, with the market still being fairly greedy amid expectations that the pioneer cryptocurrency is gearing up for a significant price jump from here. Bitcoin Can Still Make A 35% Jump Crypto analyst CryptoCon has revealed that Bitcoin still has a ways to go before the cycle top is in. In the analysis posted on X (formerly Twitter), the crypto analyst revealed that the digital asset is yet to…
[ad_1] Cryptocurrency markets remained under pressure during U.S. trading hours on Thursday, extending a decline that began the previous day when the Federal Reserve indicated it expected to cut rates only once this year. Ether (ETH) saw a mid-morning bounce after U.S. Securities and Exchange Commission Chairman Gary Gensler, during a Senate hearing, stated he anticipated that spot ether ETFs would receive full approval from his agency by the end of the summer. This news briefly lifted ether by 1%, but the gain was short-lived. The price reversed more than 3% within an hour and was trading at $3,440 at…
[ad_1] Jurrien Timmer, Fidelity’s Director of Global Macro, recently made a notable statement about Bitcoin, describing it as “exponential gold” and an emerging player on the “store of value” team. Timmer’s comments were shared through a series of posts, where he elaborated on Bitcoin’s evolving role in the financial ecosystem.In my view, bitcoin is exponential gold and an aspiring player on the store of value team. My work suggests that the price of bitcoin is driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal…—…
[ad_1] A widely followed crypto analyst says that one artificial intelligence (AI)-focused altcoin looks strong while updating his outlook on decentralized finance (DeFi) platform Injective (INJ) and memecoin Pepe (PEPE). In a new video update, crypto trader Jason Pizzino tells his 328,000 YouTube subscribers that even though graphics processing unit (GPU) rendering blockchain Render (RNDR) looks strong against the US dollar, it could still see a dip in price. “Render versus USD had a bit of a turnaround – higher low still forming and even if this is to break down, it’s still in a relatively strong position compared to…
[ad_1] At spot rates, Bitcoin is firm, but traders doubt the uptrend following the unexpected dump on June 11. Currently, Bitcoin is stable, trending above $67,000 and down despite gains on June 12. Still, even at this level, there are concerns because the coin, despite all the confidence across the board, remains below $72,000. This reaction line is emerging as a key liquidation area. If broken, BTC could unleash a wave of short liquidation, accelerating the lift-off to $74,000 and beyond. Will Bitcoin Demand Soar In Spot Markets? Taking to X, one on-chain analyst said that Bitcoin is stagnating at…
[ad_1] Crypto analyst, Will Clemente has shed light on why crypto investors are eagerly diving into the meme coins market. He highlighted the rising popularity of these digital assets among the younger crypto generation, noting that many see meme coins as speculative opportunities with the potential for significant returns. In contrast, these investors tend to shy away from utility tokens due to their perceived complexities. Investors Rising Interest In Meme Coins In a recent YouTube interview with Bitcoin bull, Anthony Pompliano, Clemente highlighted the growing interest in meme coins amongst younger generations within the crypto space. Firstly, Pompliano noted the…
[ad_1] It is no longer surprising that the XRP price movement has stagnated around $0.5 in the past few months despite various positive developments for Ripple. This lackluster price action has left many XRP investors feeling wanting, especially considering the positive price action of other cryptocurrencies. Sean McBride, a former director at Ripple, believes XRP is unlikely to register a significant breakout until Ripple’s ongoing lawsuit with the SEC concludes. Ongoing SEC Lawsuit Weighs Heavily On XRP Ripple’s legal battle with the SEC has been dragging on for over three years, and it continues to cast a dark cloud over…
[ad_1] President Biden’s re-election campaign is allegedly in talks to accept Bitcoin and crypto donations, according to reports. This move comes after rival Donald Trump opened up Bitcoin contributions for his campaign.JUST IN: 🇺🇸 Joe Biden's campaign is in talks to accept crypto donations through Coinbase Commerce, The Block reports. pic.twitter.com/lvS3dyasgq— Bitcoin Magazine (@BitcoinMagazine) June 12, 2024 Sources claim Biden’s team is discussing accepting crypto donations via Coinbase Commerce. The payment service enables contributions to Trump’s campaign.The Biden campaign’s outreach is reportedly an effort to appeal to Bitcoin and crypto-focused voters ahead of the hotly contested 2024 election. However, the news…
[ad_1] An analyst has explained how Solana could be setting up for a major 53% move based on a Symmetrical Triangle pattern forming in its price chart. Solana Has Been Travelling Inside A Symmetrical Triangle Recently In a new post on X, analyst Ali Martinez discussed a pattern that has recently taken shape in Solana’s daily price chart. The technical analysis (TA) pattern in question is a “Symmetrical Triangle,” which, as its name implies, looks like a triangle. The triangular shape comprises two converging trendlines, with the upper line joining successive lower highs and the lower one connecting higher lows.…