Ethereum has been on a rollercoaster ride lately, experiencing a rapid downturn that has left many investors worried. However, all hope is not lost as the cryptocurrency has found support in a substantial zone that includes the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. This support zone
Crypto
Michael Saylor, the founder of MicroStrategy, has been actively selling off shares of his brainchild over the past several months. As part of a stock-sale agreement entered into last year, Saylor has the authorization to unload up to 400,000 shares until April of this year. So far, he has successfully cashed in 370,000 shares, totaling
Bitcoin’s fourth halving recently occurred, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC. This event is anticipated every four years and has significant implications for the cryptocurrency industry. The daily issuance of Bitcoin has now been cut in half, standing at around 450 Bitcoin compared to the previous approximately 900. This reduction
Binance, the world’s largest cryptocurrency exchange, was once banned by the Indian government. However, after agreeing to pay a penalty of approximately $2 million, Binance is now set to make a comeback in the Indian market. The agreement includes oversight by the finance ministry’s Financial Intelligence Unit (FIU), where Binance will have to comply with
As the fourth Bitcoin halving approaches, mining companies are bracing themselves for a significant drop in stock prices. Scheduled for later this week, the halving will cut mining rewards in half to 3.125 BTC, currently valued at approximately $200,000. Key players in the Bitcoin mining industry, such as Marathon Digital (MARA) and Riot Blockchain (RIOT),
Recently, the social media account of the famous actor Tom Holland, known for his role as Spider-Man, was hacked. This incident has caused quite a stir among his fans and followers, as the attackers used his platform to promote a fake cryptocurrency and NFT scheme. The compromised account made false announcements regarding a partnership with
Ethena is a synthetic dollar protocol built on the Ethereum blockchain that introduces the stablecoin USDe to the decentralized finance (DeFi) market. The primary objective of USDe is to provide users with a censorship-resistant and scalable digital currency that is pegged to the US dollar. Since its launch in February, USDe has experienced rapid growth,
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong has raised hopes for the growth of the local ETF market. However, Bloomberg ETF analyst Eric Balchunas has expressed concerns about the market’s performance compared to the United States. Balchunas predicts that the Hong Kong ETF market may not attract as
Binance executive Nadeem Anjarwalla is currently facing extradition from Kenya after escaping custody in Nigeria. The Nigerian government is working in collaboration with Interpol and Kenyan authorities to bring Anjarwalla back to face charges related to the alleged manipulation of the Naira and the facilitation of illicit funds transactions through Binance. Anjarwalla managed to escape
Bitcoin analyst Willy Woo has expressed optimistic price projections for Bitcoin (BTC) in the future. According to his calculations, BTC could reach $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle with the full deployment of cryptocurrency exchange-traded funds (ETFs). Woo highlighted that asset management firms like
