Litecoin’s price reached an eight-month high of $106.2 on March 29, and recent trends observed among miners and speculative traders suggest further gains to come. On March 29, Litecoin emerged as the best-performing asset in the top 20 cryptocurrency market rankings after posting a 12% gain in a frenzied 12 hours. On-chain data trends pinpoint the key drivers of the ongoing Litecoin price surge and how speculative traders are betting on LTC over the next few days. Litecoin miners leading the rally The price of Litecoin has been declining since the third halving ended on August 2 last year. Halving…
Author: Crypto Flexs
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In separate filings, Tigran Gambaryan, head of financial crime compliance at the world’s largest cryptocurrency exchange, and Nadeem Anjarwalla, regional manager for Africa, filed a petition to the Federal High Court in Abuja to release them from the authorities. They called for an order to return their passports and issue public identification cards. The leadership apologized, it said, citing Nigeria’s state-run news agency.
Bitcoin price failed to recover above the $68,000 resistance zone. BTC is slipping and may fall back towards the $62,000 support area. Bitcoin price started a significant rise but struggled near $68,000. The price is trading below $66,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term bearish channel or bullish flag forming, with resistance at $66,200. The pair needs to pass the $66,200 resistance area to start a new advance. Bitcoin Price Faces Hurdles Bitcoin price attempted a significant recovery above the $65,000 resistance zone. BTC has surpassed…
Posted 1 minute ago In ~ 1kx raised $75 million and recently investors are embracing the cryptocurrency industry once again. The investment firm completed the first closing of its new oversubscribed closed-end fund on Thursday, a company statement said. Marc Andreessen and Chris Dixon of Marc, as well as Accolade Partners and Galaxy Digital, also participated in the round. The company said the closing brings 1kx to $275 million across its two funds since the cryptocurrency bear market began about two years ago. The latest funding will be allocated to providing technical support, financial resources and infrastructure support to early-stage…
British judge James Mellor has ordered $7.6 million in assets frozen by Craig Wright, a controversial figure who claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The decision follows a heated legal battle with the Crypto Open Patent Alliance (COPA), which has challenged Wright’s claim to be the creator of the cryptocurrency. Craig Wright Hit With Asset Freeze The court’s decision was based on the overwhelming evidence presented in the joint trial, with Judge Mellor concluding that Wright was not in fact the creator of Bitcoin. The ruling came as part of a broader copyright and database rights…
Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud. Memecoin, like Sam Baseman Fraud, reflects trends in thematic tokens. In a significant development, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for fraud, marking a historic moment for the markets. Amid this chaos, just hours before the sentencing, a memecoin called Sam Baseman Fraud, using the ticker FTX, was launched on the Coinbase layer 2 network Base. Additionally, in just seven hours, FTX memecoin surged more than 23,300%, reaching a peak market capitalization of $1.5 million on March 28, according…
On Friday, March 29, 2024, total open interest in Bitcoin futures hit a new all-time high of $37.55 billion. The rise comes as the Bitcoin market is gaining steam and institutional investor interest is growing. Bitcoin futures open interest reaches an unprecedented $37.55 billion Interest in Bitcoin (BTC) derivatives has increased since the end of 2023 (…)
Websea Labs Launches $100 Million Builder Program – Season 3 – Unveiling New Opportunities in GameFi and DeFi – Chainwire housenewsroomWebsea Labs Launches $100 Million Builder Program – Season 3 – Unveiling New Opportunities in GameFi and 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…
Analysts are optimistic about the possibilities. Ethereum spot exchange-traded fund (ETF) approved May approvals continue to decline, with once-optimistic Bloomberg Intelligence senior analyst Eric Balchunas lowering his forecast for product approvals to just 25%. Ethereum spot ETF odds continue to fall. Eric Balchunas, who said in May that there was still only a 25% chance that the U.S. Securities and Exchange Commission (SEC) would approve an Ethereum ETF, expressed his pessimism with an post. According to Balchunas, if he could do that, he would probably go lower, which hints at how uncertain analysts are about the product. The Bloomberg expert’s…
BNB price is attempting a new rise in the $500 range. The price could gain bullish momentum if it breaks the resistance levels of $588 and $610. BNB price began a new rise above the $520 and $540 levels. The price is currently trading above $575 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming with support near $580 (data source from Binance). A break above the $610 resistance area could trigger a new rally. BNB price surges eye-fresh BNB price was revised downward from $645…