Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. Technical Analysis By Shayan The Daily Chart A closer examination of Ethereum’s daily chart…
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap…
TLDR Shiba Inu (SHIB) price has been facing selling pressure and trading in a downtrend A major whale wallet recently accumulated 397.845 billion SHIB tokens Shiba Inu is developing new features including Shibarium, ShibaSwap, and a burn portal SHIB partnered with the International Indian Film Academy Awards (IIFA) Analysts predict a potential price breakout for…
The British Columbia Securities Commission (BCSC) has determined that the cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded investors of approximately $9.5 million, equivalent to 13 million Canadian dollars, in crypto assets. The BCSC’s investigation uncovered that ezBtc and Smillie engaged in misleading and deceptive practices, misappropriating funds intended for customer accounts. Crypto…
In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop,…
Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give…
Bitcoin’s price is consolidating in a tight range as market participants are uncertain about the future direction of the price. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $50K area, following the significant drop below the 200-day moving average. Currently, the market is consolidating below…
The U.S. Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its principals, Cynthia and Eddy Petion, for allegedly organizing a crypto fraud that defrauded over 200,000 investors worldwide, including many within the Haitian-American community. The SEC’s complaint details that NovaTech, under the leadership of the Petions, was promoted as a multi-level…
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating…
The cryptocurrency market is going through a rough patch at the moment, with many coins withdrawing from their respective yearly highs. According to the popular cryptocurrency Fear and Greed Index, the market is currently in a state of “Extreme Fear,” indicating the ongoing uncertainty among participants. Source: Alternative.me That said, we decided to have some…