Bitcoin Price Prediction for Today April 16: BTC Faces Fresh Support At $40,000

The Bitcoin price prediction shows BTC sliding towards the downside as the cryptocurrency touches the $40,005 low. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $45,000, $47,000, $49,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD drops with another loss of 0.45% today as the cryptocurrency falls beneath …

Binance say NFTs are a technology looking for new applications

The Head of NFT & Fan Tokens for Binance, Helen Hai, told us during the Paris Blockchain Week Summit (PBWS) that NFTs are a “technology still in the application stage of development.” We currently have art and music as the two main drivers of the NFT space, but the world’s largest exchange by market cap …

Alleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia

A district court in Moscow has arrested a man whom local media reports identify as Dmitry Pavlov, alleged administrator of the recently shut down darknet market Hydra. Russian authorities believe he has been involved in drug-related crime punishable by up to 20 years in prison. Moscow Court Arrests Russian Believed to Be Hydra Administrator Meshchansky …

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …

ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract

According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons list (SDN). The decision follows the recent OFAC update, that lists the Ronin exploiter’s ethereum address, …

$1,200,000,000 in Bitcoin Moved Out of Coinbase in Massive Daily Outflow, According to CryptoQuant CEO – Here’s Who Is Accumulating BTC

The CEO of leading on-chain analytics firm CryptoQuant is revealing a massive outflow of Bitcoin (BTC) from US-based crypto exchange Coinbase. Ki Young Ju tells his 289,600 Twitter followers that 30,000 Bitcoin worth over $1.21 billion were transferred from the coffers of Coinbase on Friday. “30,000 BTC flowed out from Coinbase today.” Source: Ki Young …

Top Crypto Exchange Coinbase Hit With Class-Action Lawsuit

Top US-based crypto exchange platform Coinbase is being targeted in a class-action lawsuit that alleges its arbitration policies are unenforceable. In a recent court filing, a plaintiff alleges that Coinbase’s arbitration agreement within its terms of service is legally unconscionable because it heavily favors one side. “Under California law, a contract provision is unenforceable if …

The SEC Set Itself Up for Catastrophe in Lawsuit Against Ripple, Says Crypto Legal Expert – Here’s Why

The U.S. Securities and Exchange Commission (SEC) may have set itself up for failure in its lawsuit against Ripple Labs, according to crypto legal expert Jeremy Hogan. Earlier this week, Judge Sarah Netburn ordered the SEC to present documents related to a 2018 speech made by former SEC Director William Hinman that challenge the notion …

Crypto Twitter reacts as Russian gov’t reviews finalized crypto bill

The Ministry of Finance (MinFin) of Russia finalized a draft bill named “On Digital Currency” and has sent it to the Russian government for approval to be passed as law. The draft of the federal law clarifies regulations related to the trading and mining of cryptocurrencies.  On Apr. 8, Russia’s finance ministry announced the amendment …

Bitcoin Price Prediction for Today, April 16th: BTC Market Hovers Around $40,000

Bitcoin Price Prediction – April 16Trading activities in the BTC/USD operation have been featured in a range-bound outlook as the crypto-economic market hovers around the $40,000 psychological level. Price is trading around $40,512, keeping a minimal negative percentage of 0.36. BTC/USD Market Key Levels: Resistance levels: $42,500, $45,000, $47,500Support levels: $37,500, $35,000, $32,500BTC/USD – Daily …

NFTs are still looking for application says Binance head of NFTs

The Head of NFT & Fan Tokens for Binance, Helen Hai, told us during the Paris Blockchain Week Summit (PBWS) that NFTs are a “technology still in the application stage of development.” We currently have art and music as the two main drivers of the NFT space, but the world’s largest exchange by market cap …

Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs

About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens collectively are valued at $1.14 billion. The largest rebase crypto by market capitalization, olympus (OHM), had a $4.3 billion market valuation last November, but after …

Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend

Following recent declines in price, WAVES climbed higher to start the weekend, as crypto markets moved marginally higher. Some of the biggest contributors to the gains were EOS and GMT, which both rose by over 6%. EOS rose for a second consecutive session to start the weekend, as prices raced to their highest level in …

Argentinians Are Now Using P2P Markets to Multiply Their Savings

Argentinians are now discovering that P2P (peer-to-peer) markets can be used to maintain or multiply their savings in crypto and foreign currency. According to local media sources, more and more Argentinians are using P2P exchanges and markets to apply arbitrage and earn money being P2P cashiers. Maximiliano Hinz, Latam operations director of Binance, states that …

Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Mainly Unchanged to Start the Weekend

Prices of ETH and BTC were mainly unchanged to start the weekend, as market activity slowed, mainly due to the Easter holiday. Price consolidation comes after a week of bearish pressure that sent the world’s two largest cryptocurrencies towards key support levels. Bitcoin Bitcoin was once again trading marginally above the $40,000 level on Saturday, …

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