Ethereum has rallied above $1,400 today as on-chain data shows ETH sharks have been busy accumulating recently. Ethereum Shark Addresses Have Grown By 3,000 In the Last Two Months As per data from the on-chain analytics firm Santiment, the current number of shark addresses in the market is the highest since February 2021. The relevant …
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Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse. More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to …
Continue reading ““Parabolic” Signal That Triggered Past Bitcoin Bull Runs Reappears”
Polkadot has finally managed to break past the rigid price resistance mark of $5. Over the last 24 hours, DOT increased by more than 6%. In the past week, the coin has secured double-digit gains. Bitcoin moved into its daily chart’s $18,000 price zone, pushing altcoins on their respective charts. Although DOT rallied in the …
Continue reading “Polkadot Breaches $5 But These Levels Remain Crucial For DOT”
Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance. DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100 simple moving average …
Continue reading “Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical”
Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger. In a statement on Jan. 12, WonderFi responded to a Bloomberg report suggesting the two exchanges were in “advanced merger talks” to “create a Canadian …
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Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried’s $250 million bond. In a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan, attorneys from Davis Wright Tremaine LLP — acting on behalf of the …
Continue reading “Major media outlets demand identities of SBF’s $250M bond guarantors”
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times reports that Digital Currency Group (DCG) is mulling selling parts of their venture capital holdings, worth up to $500 million, to help make up …
A trader who sold Bitcoin (BTC) near its all-time high and re-entered the market at a massive discount in November is updating his outlook on the crypto markets. The pseudonymous trader, who goes by the name DonAlt, tells his 449,000 Twitter followers that bears are in a precarious position after Bitcoin’s run from $15,731 on …
Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has hit out at the regulator charging the exchange over issuing unregistered securities, calling the allegations “super lame” and a “manufactured parking ticket.” In a series of tweets on Jan. 12, Winklevoss shared his disappointment over the charges from the Securities and Exchange Commission (SEC) regarding Gemini’s …
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Crypto investors have been urged to keep their eyes peeled for “deepfake” crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction. David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever …
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The past year was a challenge across the globe. Financial markets plunged deep into the red, affecting millions, if not billions, of people worldwide. Inflation rose. For crypto, it has arguably been the worst year since Bitcoin’s (BTC) inception. It has been more of an ice age than a crypto winter, and bad actors and …
Continue reading “Cryptocurrency is headed toward surviving its first age”
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huobi’s disgruntled employees According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to …
Continue reading “Huobi employees revolt, GameFi lives, Antminer on steroids: Asia Express”
Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has hit out at the regulator charging the exchange over issuing unregistered securities, calling the allegations “super lame” and a “manufactured parking ticket.” In a series of tweets on Jan. 12, Winklevoss shared his disappointment about the charges by the Securities and Exchange Commission (SEC) over Gemini’s “Earn” …
The U.S. Securities and Exchange Commission has charged Genesis and Gemini over their now-defunct Gemini Earn program, according to a Jan. 12 announcement. SEC chair Gary Gensler said: We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors. Today’s charges build on previous actions to make …
Continue reading “SEC charges Gemini, Genesis over Earn program; Winklevoss responds”
The biggest news in the cryptoverse for Jan. 12 saw former FTX CEO Sam Bankman-Fried comment on a possible FTX recovery and tell his side of the story. Elsewhere, Nexo has been accused of financial crimes and has had its offices raided. Lido is accumulating staked ETH, while Binance is doubling down on Fetch.ai. Plus, …
