Bitcoin price struggled to recover above the $68,800 resistance level. BTC is now trending lower and is at risk of further declines below the $65,000 support. Bitcoin price is struggling to start a new rally above $68,000. The price is trading below $68,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance at $67,800. In the near term, a break above the $68,000 resistance area could provide bullish momentum. Bitcoin price faces resistance Bitcoin price attempted a new rally above the $65,500 area. BTC…
Author: Crypto Flexs
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On March 19, the price of Ethereum fell below $3,250, down 20% from last week’s high. A rare trend in derivatives markets suggests that an ETH rebound could be imminent. After losing more than $78 billion in market capitalization last week, we are now seeing some significant signs of a market rebound in the ETH spot and derivatives markets. Ethereum derivatives traders are hedging rather than exiting. Ethereum, down 20%, was the second-biggest decliner in the top 10 cryptocurrency market rankings after Dogecoin (DOGE) since the sell-off began following the Dencun upgrade on March 14. However, interestingly, ETH speculative traders…
Libre, an institutional web3 infrastructure protocol for the issuance and distribution of tokenized alternative assets, launched today for eligible investors.Libre, developed by WebN Group and Laser Digital, based on Polygon technology, was first released last January, with institutional heavyweights Brevan Howard and Hamilton Lane lining up to be among the first to use the platform.Laser Digital is the cryptocurrency arm of financial services company Nomura. WebN Group is an incubation hub for fintech and web3 innovators, backed by Alan Howard, co-founder of Laser Digital and Brevan Howard. The two companies also worked closely with Polygon Labs on protocol development.Libre is…
Empower Oversight, a government watchdog, filed a lawsuit alleging that the Securities and Exchange Commission (SEC) failed to comply with Freedom of Information Act (FOIA) requests. The request aimed to uncover potential conflicts of interest and bias within the SEC regarding regulation of cryptocurrencies, particularly Ethereum. SEC’s Investigation into Ethereum Trading Continues Commonly referred to as ‘ETH Gate’, the deal highlights growing concerns about the consistency and transparency of the SEC’s approach to digital asset regulation. Tristan Leavitt, president of Empower Oversight, criticized the SEC’s handling of FOIA requests in a public statement. : By being slow to respond to…
Zhao, former CEO of Binance, unveils a new education-focused blockchain project, excluding token offerings, details of which are as follows: The former CEO of Binance, one of the world’s leading cryptocurrency exchanges, has teased the launch of a new project deeply rooted in educational efforts surrounding cryptocurrency and blockchain technology. This news comes as the industry increasingly recognizes the importance of informed participation and knowledge sharing in fostering a sustainable and inclusive digital economy. Changpeng Zhao, popularly known as CZ, said the plan would stand in stark contrast to many other cryptocurrency projects, especially by ruling out the creation or…
Changpeng “CZ” Zhao, founder of cryptocurrency exchange Binance, who stepped down as CEO in November to settle federal money laundering charges, launched a new non-profit online education platform called Giggle Academy on Monday. announced plans to do so.“Let’s make basic education accessible and fun for children around the world,” he wrote on Twitter, noting that Project Giggle is hiring and one of the benefits will be the opportunity to work with him directly.“Free basic (grades 1-12) education for all, no revenue, gamified, adaptive,” he explained, providing a link to the Project Giggle concept document and website. My next project. @GiggleAcademy…
Fidelity Investments aims to add staking to its Ether ETF, potentially giving investors a new revenue stream, pending SEC approval. Investment management giant Fidelity Investments is making strategic moves to capitalize on the burgeoning cryptocurrency staking sector. The company has proposed amendments to the U.S. Securities and Exchange Commission (SEC) that would allow it to stake a portion of its assets in future Ethereum exchange-traded funds (ETFs). If approved, this plan could provide investors with an additional income stream derived from rewards for participating in the Ethereum network’s proof-of-stake consensus mechanism. The dynamics of investing in digital assets are rapidly…
Ethereum price continued its downward trend below $3,500. ETH is showing some signs of weakness and could fall towards the $3,200 support area. Ethereum began a downward correction below the $3,550 area. The price is trading below $3,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $3,520. A stay below the $3,520 and $3,550 resistance levels could resume the decline. Ethereum price discount support Ethereum price, like Bitcoin, began a downward correction below the $3,720 and $3,650 levels. ETH fell below the $3,550 support level…
join us telegram A channel to stay up to date on breaking news coverage Forbes web3, a subsidiary of Forbes, a digital asset company and business-focused media company, has launched a collection of non-fungible tokens. In this episode, we take a look at everything you know about Forbes NFT’s new Legacy Pass collection. Forbes launches NFT collection In a March 18 post on the site, Forbes web3 confirmed the launch of the Legacy Pass non-fungible token collection. The NFT collection appears just months after Forbes announced its foray into digital identity through Web3, ENS, and non-fungible tokens. It’s time. Introducing…
Posted 1 minute ago In ~ Grab, Southeast Asia’s leading ride-hailing super app, has started allowing users to top up their wallets with cryptocurrency in Singapore through a partnership with payments company Triple-A.According to local newspaper The Straits Times, GrabPay Wallet now allows users to make payments using cryptocurrencies such as Bitcoin, Ethereum, and stablecoins including XSGD, USDC, and USDT.“This new feature allows users to convert digital assets, such as stablecoins, into usable funds in their GrabPay wallet, providing greater flexibility and convenience,” a Grab spokesperson said in a statement shared with The Block. “By expanding its recharge options to…