Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author. SHIB was rejected in a daily bearish order block just above $0.00001. On-chain metrics show that despite the surge in social media engagement, investors have cause for concern. Shiba Inu (SHIB) bulls have delivered profitable returns in December so far, with prices rising by more than 20%. However, technical analysis shows that the recent rally entered bearish territory at $0.00001 and the price soon fell. The bears retested the area that served as resistance just three…
Author: Crypto Flexs
Read More
join us telegram A channel to stay up to date on breaking news coverage Presidential candidate Vivek Ramaswamy criticized the Securities and Exchange Commission (SEC), Chairman Gary Gensler, and the country’s regulatory framework. Couldn’t keep a bad actor down. “Scammers, criminals and terrorists have been deceiving people for a long time,” Ramaswami said during last week’s presidential debate. “Our regulations must keep up with the current moment. The fact that SBF (Sam Bankman-Fried) was able to do what he did at FTX shows that whatever they have as their current framework is not working.” Gensler cannot say whether ETH is…
According to a new report, capital continued to flow into cryptocurrency investment funds last week as investors focused on altcoins, led by Solana and Avalanche.Investors have mostly focused on Bitcoin, but last week funds with exposure to Solana and Avalanche received $3 million and $2 million, respectively, digital asset fund manager CoinShares said on Monday.Renewed interest in Solana, the blockchain that underlies SOL, the sixth-largest cryptocurrency by market capitalization, and Avalanche, the network on which AVAX assets run, sparked renewed interest last month.This depended on high-profile companies being interested in both networks. Investment bank giant JP Morgan said in November…
FIFA, the international body that governs the world’s most popular sport, said in a statement that it will launch a limited number of digital collectibles later this week, giving holders the opportunity to watch the 2026 World Cup final. “The first drop will feature 100 digital collectibles and will include some of the rarest collectibles that could secure a ticket to the 2026 FIFA World Cup Final,” the statement said. “A total of 900 different digital collectibles will be published on the Polygon network and made available on the OpenSea platform.”FIFA’s NFT was originally issued on Algorand, but is now…
Information provided by cryptocurrency analysts a little bit of optimism Regarding the XRP price, many people are wondering whether to continue the XRP price or not. XRP Token. This happens because the underperformance of cryptocurrency tokens has become a cause for concern for holders. potential manipulation It’s reverberating through the community. XRP price will reach $18 in the near term Crypto analyst Dark Defender shared an interesting analysis mentioning XRP in a post on his X (formerly Twitter) platform. It may reach $18 soon. To support his prediction, he noted that XRP is retesting $0.6649. According to him, this level…
The cryptocurrency analyst, who goes by the name “Ripple Van Winkle” on his YouTube channel “ The analyst released a video on December 11th making some bold predictions regarding the future price of XRP. The analyst believes that new cryptocurrency regulatory developments scheduled for 2024, including stablecoin notes and potentially spot Bitcoin (BTC) exchange-traded funds (ETFs), will pave the way for significant institutional investment. He cites comments from Representative Patrick McHenry predicting cryptocurrency regulation early next year. In the analyst’s view, the influx of institutional funds and XRP’s unique role as a bridge currency and deflationary properties could push the…
X-Spot Global Limited, a company owned by Huobi Global Exchange (now HTX) co-founder Leon Li, has filed a preliminary injunction against Huobi Global to stop using the Chinese language “Huobi” trademark in Hong Kong. You won.A recent ruling by the Hong Kong High Court banned the HTX exchange from using the brand name Huobi (火幣) and the Chinese business name “Hua必”, which are “confusingly similar” to Hong Kong’s English trademark. Mr. Kong is awaiting a final trial on this matter. Presiding judge Mimmie Chan J wrote: “At this stage I do not see any arguable defense to the plaintiff’s trademark…
The U.S. government recently took important steps to remove two key provisions from the National Defense Authorization Act (NDAA) to address anti-money laundering (AML) issues in the cryptocurrency space. The move marks a notable shift in the government’s approach to digital asset regulation. Legislative background and provisions The NDAA, a bill primarily intended to authorize the nation’s Department of Defense spending, often includes various amendments. In this context, the two amendments specifically targeted supervision of cryptocurrency transactions to mitigate money laundering risks. Risk-Based Vetting System: The first provision included the U.S. Secretary of the Treasury working with banks and government…
Bitcoin (BTC) price recorded a sharp correction on December 11, falling 7%, wiping out all of the gains of the past seven days. The strong price correction sent BTC down to a four-month low of $41,329.The Bitcoin price correction was followed by a decline in altcoin prices, many of which recorded double-digit declines. However, market experts and analysts believe that the recent price crash is part of an ongoing price cycle, and it would not be surprising to see a correction after two months of bullish surge.Will Clemente, cryptocurrency analyst and co-founder of Reflexivity Research, said corrections and market volatility…
Elon Musk came under fire for misquoting Dorsey during his introduction to BitKey. You can now send money via social media through Coinbase, and there are bug fixes that could solve some of Bitcoin’s most pressing problems. But how much does it cost?! This week we bring you these stories and more in cryptocurrency. Bitcoin soars on interest rate rumors As rumors spread that the Federal Reserve may lower borrowing rates, Bitcoin soared to its highest level in 20 months, gaining 17% in a week. Gold prices also hit record highs, while lower U.S. Treasury yields boosted investor enthusiasm for…