Bitcoin Price Faces Crucial Test, Indicators Suggest Many Roadblocks To Recovery

Bitcoin price dived toward the $38,500 support zone. BTC is attempting a recovery wave and might struggle to climb above the $40,500 resistance. Bitcoin price extended its decline and tested the $38,500 support zone. The price is trading below $40,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming …

Exploit On Polygon Contracts Extract $15M, Here Are The Details

The play-and-own mobile gaming platform GAMEE suffered an exploit of its GMEE token contracts on Polygon that led to the theft of 600 million GMEE tokens and left the crypto community pondering questions. GAMEE Confirms $15M Exploit On Polygon On January 22, GAMEE Token’s official X (formerly Twitter) account advised its users to refrain from …

Ethereum Whale Transfers Across Exchanges And DeFi, What Is Going On?

An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. Deciphering The Whale’s $46M ETH Transfer Across Major Platforms The whale, operating through a …

Bitcoin Evangelist Says Investors Will Be Crushed Expecting BTC At $30,000

In the midst of the tumultuous landscape of the price volatility of Bitcoin, a prominent figure stands out, exuding unwavering optimism amidst the chaos: Samson Mow, the self-proclaimed evangelist of the cryptocurrency. Recently transitioning from his Chief Strategy Officer role at Blockstream to assume the position of CEO at Jan3, an entity focused on facilitating …

Ethereum Evening Star Could Mean Lights Out On Bull Run

Ethereum over the last several weeks finally began to gain some strength against Bitcoin and other top performing cryptocurrencies. But in the past few weeks, the upside has since been almost entirely erased. The up – then right back down – price action has formed a potential bearish Japanese candlestick reversal signal. Will ETHUSD continue …

Regulators Investigating Collapsed Crypto Firm That Owes Creditors $58,000,000 After Going Bust in 2021: Report

Australian securities regulators are investigating Blockchain Global after a report connected two of its directors to previous crypto schemes. The Australian Securities and Investment Commission (ASIC) is investigating Blockchain Global directors Sam Lee and Ryan Xu after a newspaper investigation linked the two to another crypto scheme called Hyperverse, according to a report. Asic began investigating …

IRS adds cryptocurrency income tax question to four more tax forms

The IRS on Jan. 22 reminded all taxpayers to answer a question about digital assets and report all digital asset-related income. The question asks taxpayers: “At any time during 2023, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset …

BIS to focus on tokenization, CBDC as part of 2024 strategy

The Bank for International Settlements (BIS) has revealed its strategic priorities for 2024, with a particular emphasis on Central Bank Digital Currencies (CBDCs) and tokenization. The 2024 roadmap points to a continuation of the watchdog’s engagement with digital financial technologies. The BIS has taken a heavily pro-CBDC stance and has published a comprehensive framework for …

Ethereum validators’ reliance on Geth sparks client diversity push by Coinbase

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

US lawmaker probing Meta’s involvement with digital assets, blockchain tech

Congresswoman Maxine Waters, ranking member of the Financial Services Committee, has initiated an investigation into Meta’s involvement with digital assets over financial stability concerns. Waters wrote a letter to top Meta executives Mark Zuckerberg and Javier Olivan on Jan. 22, highlighting a series of trademark applications that suggest a potential expansion into digital currency and …

Bitcoin ETFs in the US Now Hold About $27,000,000,000 in BTC, According to Crypto Strategist

Crypto analyst and trader Ali Martinez says that the recently launched spot Bitcoin (BTC) exchange-traded funds (ETFs) suddenly hold a massive amount of the crypto king. Martinez tells his 41,600 followers on the social media platform X that the ETF products now hold tens of billions of dollars worth of BTC. “Bitcoin ETFs in the …

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