A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a …
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Ripple’s legal battle with the US Securities and Exchange Commission (SEC) is approaching the discovery phase deadline on August 31, as the blockchain-based payments company filed its opposition to the regulator’s request for additional Slack communications. Meanwhile, Ripple also filed a motion to seal exhibits attached to the SEC’s request for Slack communications and to …
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A member of Chile’s Democratic Revolution opposition party, named Giorgio Jackson, revealed he owns an undisclosed sum of Ethereum. At the same time, he said he remains skeptical of crypto as a whole. The comments came during a conference organized by local exchange Buda, called “Bitcoin and cryptocurrencies: opportunities and challenges.” Jackson went to say …
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The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the …
On August 17, 24 Hours of Le Mans, the endurance sports car race held annually in Le Mans, France, and the European art collective the Automobilist revealed the launch of the first-ever 24H Le Mans’ non-fungible token (NFT) collection. 24 Hours of Le Mans and the Automobilist to Launch ‘Legends of Le Mans’ NFT collection …
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba’s …
Credit rating agency Fitch Ratings thinks that El Salvador’s insurance firms will be on thin ice when the country adopts Bitcoin. Fitch, one of the “Big 3” credit rating agencies, argues that exposure to the crypto asset’s volatile price action and operating risks could be a credit negative for El Salvador’s insurance companies. ADVERTISEMENT …
A team from the biggest soccer league in the world has put the Dogecoin (DOGE) logo on their jerseys for the 2021/2022 season. Watford Football Club (FC) of the English Premier League will feature DOGE on their sleeves as part of a sponsorship deal with gambling website Stake.com, according to a report from The Athletic. …
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The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day. Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time …
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Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the prospect of another prolon bear market. Currently, the BTC rally has stalled out near …
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After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of the blockchain. …
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Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for Fidelity Digital Assets, said institutional interest in crypto is growing. …
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The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations. Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms …
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Bitcoin Price Prediction – August 17The BTC/USD trade activity keeps in $45,000 and $50,000 price levels over trading sessions. The crypto’s rate of percentage is around 1.45 to trade at a level of $47,429. BTC/USD Market Key Levels: Resistance levels: $50,000, $52,500, $55,000Support levels: $45,000, $42,500, $40,000 BTC/USD – Daily ChartThe BTC/USD daily chart showcases …
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The crypto market has been on an upward trend since the beginning of August. Some cryptocurrencies have made massive gains, while others have consolidated at specific levels. Polkadot is among the market gainers, and its rising values could see the coin make a new all-time high. Polkadot (DOT) currently ranks ninth in terms of market …
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