Bitcoin price began a strong recovery in the $60,800 region. BTC is up nearly 10% and currently faces a hurdle near $68,800 resistance. Bitcoin price began a significant rise above the $60,800 support zone. The price is trading above $64,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $65,000. To start a new uptrend, the pair needs to clear the $68,800 resistance area. Bitcoin price recovers 10% Bitcoin price extended its decline below the $62,500 level. BTC surged below…
Author: Crypto Flexs
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Conflux Network, a layer 1 blockchain project based in China, is collaborating with fintech firm AnchorX to launch a Hong Kong dollar-backed stablecoin as early as the second quarter of this year.Conflux founder and CEO Fan Long told The Block in an interview that the AnchorX team is hoping to launch the “AxHKD” stablecoin as soon as possible.“We want to be able to move forward as quickly as possible,” Long said. “If it goes quickly, people will probably be able to get it on the exchanges in the second quarter. This is the fastest possibility. But a lot will depend…
join us telegram A channel to stay up to date on breaking news coverage Dogecoin20 (DOGE20), a new meme coin focused on community and high-yield staking, has raised an impressive $3.9 million in funding in just five days. Beyond its dog-themed origins, this coin promises to provide diversification within the meme coin market and provide a cheaper version of Dogecoin. How Dogecoin20’s staking system rewards users and increases stability Dogecoin20, the latest meme coin sensation, is reshaping the landscape with its community-driven approach and innovative staking system. This mechanism not only rewards users with a stake in the project’s success,…
A new dollar-backed stablecoin has been launched on the Cardano (ADA) mainnet. Financial company Mehen Released USDM stablecoin was acquired over the weekend, noting that institutional users will spend a day or two onboarding the asset. publisher Called Stablecoins will “slowly arrive on-chain” this week. Mehen says each USDM is backed 1:1 with the US dollar from US-based banks. “USDM represents a paradigm shift in the stablecoin world, bridging the gap between traditional fiat currencies and the decentralized blockchain realm. Supporting verifiable reserves and leveraging the powerful infrastructure of the Cardano network, USDM sets a new standard for stability, transparency,…
Binance must provide Nigerian user data to EFCC as Nigeria’s High Court cites money laundering risks and highlights cryptocurrency’s impact on naira stability. Nigeria’s High Court has ordered Binance Holdings, one of the world’s largest cryptocurrency exchanges by trading volume, to provide detailed trading records of Nigerian users to the Economic and Financial Crimes Commission (EFCC). The guidelines are in response to allegations of criminal activity and money laundering facilitated through Binance’s platform, which the exchange has been contesting in multiple jurisdictions. The EFCC pointed to existing legislation that mandates financial institutions, including cryptocurrency exchanges, to assist in the prevention…
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Bitget Announces Listing of Syncus (SYNC) – Pioneering Treasury-Token Dynamics in DeFi – Chainwire housenewsroomBitget Announces Listing of Syncus (SYNC), a Pioneering Treasury-Token Dynamics in DeFi We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical…
After leaving financial and cryptocurrency market watchers to read the tea leaves to predict the next big move, investment giant BlackRock spilled the tea on its tokenized asset fund late Wednesday. The fund, called ‘BUIDL’, will be built on the Ethereum network and is the company’s first tokenized fund issued on a public blockchain.The BlackRock USD Institutional Digital Liquidity Fund was first registered in the British Virgin Islands last year.“BUIDL brings significant benefits to investors by enabling ownership issuance and trading on blockchains, expanding investors’ access to on-chain products, providing instant and transparent payments, and allowing cross-platform transfers,” BlackRock said…
Ethereum price began a recovery in the $3,050 region. ETH is up over 10% and is currently struggling to break the $3,550 resistance area. Ethereum began a significant recovery in the $3,050 region. The price is trading above $3,350 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance at $3,400. If it settles above the $3,550 resistance zone, it could continue to rise. Ethereum price begins to recover Ethereum price, like Bitcoin, expanded its decline below the $3,350 and $3,200 levels. ETH also…
Posted 1 minute ago In ~ Federal Reserve Chairman Jerome Powell told reporters shortly after his committee planned to keep interest rates on hold for the time being that a central bank digital currency (CBDC) is not currently being secretly worked on by banks. “It is wrong to say that we are working on a CBDC, that we have a secret laboratory here, and that we will present it to Congress at the appropriate moment. We are not,” Powell said in a televised news conference Wednesday. “I haven’t made any decision at all that I think this is what America…