Bitcoin price again failed to break the $38,500 resistance zone. BTC is consolidating above its 100 hourly SMA and may attempt another increase. Bitcoin still faces significant resistance near $38,500. The price is trading above $37,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline forming with support near $37,350. The pair may make another attempt to clear the $38,500 resistance level unless it falls below $37,350. Bitcoin price maintains support Bitcoin price remained above the $37,500 support area. BTC rose above the $38,000 level and made…
Author: Crypto Flexs
Read More
Bitcoin’s rally is facing a major headwind near $38,000. Repeated failures to remove overhead obstacles trigger the corrective phase. During this, buyers regroup at lower levels and try to attack resistance levels again. On the other hand, bears are trying to pull the price below important support levels and begin a deeper downtrend. A fight between the two in the coming days is likely to increase volatility. Investors are ignoring near-term uncertainty and focusing on two big events in 2024: the Bitcoin halving in April and the Securities and Exchange Commission’s Bitcoin exchange-traded fund spot decision in January. Cryptocurrency exchange-traded…
People • November 30, 2023 2:46 PM EST Posted 1 minute ago In ~ In a letter to U.S. Senators Sherrod Brown and Elizabeth Warren, Circle refuted false claims that it promoted illegal fundraising activities. It also said it does not provide banking services to Justin Sun, the TRON Foundation, or Huobi Global, now known as HTX.“Circle does not directly or indirectly promote or finance Hamas (or any other illicit actor), and neither does Circle Bank Justin Sun,” the company said in the letter. “Neither Mr. Sun nor any entity owned or controlled by Mr. Sun, including the TRON Foundation…
Dogecoin founder Billy Marcus has criticized DAOs, criticizing flaws in their basic design as shared governance and expressing doubts about their viability over time within the cryptocurrency space. DOGE founder blames DAO in Recent posts by X (Previously on Twitter) Dogecoin creator Billy Marcus (aka Shibetoshi Nakamoto) publicly criticized it. Decentralized Autonomous Organization (DAO)Expresses a general distaste for the organization and the ideas behind it. “DAOs are almost universally stupid and doomed,” says Marcus, “because the ‘crypto community’ is often only interested in short-term profits, hype is worth more than actual delivery, and no one has any incentive to build…
The U.S. Securities and Exchange Commission (SEC) suffered another blow when the Chamber of Commerce filed a comment on the SEC-Coinbase lawsuit. The U.S. Chamber of Commerce, which represents about 3,000 businesses, recently submitted a memorandum supporting Coinbase. at shortThe chamber says the SEC is acting illegally in the cryptocurrency industry. 1/ BREAKING NEWS: The U.S. Chamber of Commerce just submitted its report. @Coinbase v. The SEC case accuses the SEC of “illegal” conduct in the digital asset space. This is the American Chamber of Commerce, not the Digital Chamber of Commerce. This is a big deal. Here’s why… —…
The cryptocurrency community has been discussing potential altcoins that could make you “incredibly rich.” So what are the tips for altcoin investors? While the bear market has already lasted over 500 days, the community is predicting the start of a new bull market, especially with Bitcoin halving. Investors Discuss Their Favorite Altcoins Members of the cryptocurrency community have given names to altcoins that they believe can make them money. Popular investor Larq Davis opinion poll He introduces members of his community through X (Twitter) posts. Click here to read our step-by-step guide to building a DeFi community. Davis asked his…
The hackers responsible for the $48 million KyberSwap heist have now expanded their demands, demanding complete executive control over the decentralized exchange (DEX).Hackers released updated requirements. On-chain message Sent on November 30th.They had previously expressed a willingness to negotiate a bounty, but on November 28 they complained that they had received threats from KyberSwap management and were generally unfriendly.complete acquisitionThe hackers’ latest demands include full control of KyberSwap and temporary and full ownership of the platform’s governance mechanism, KyberDAO. It also asks for all documents related to the company’s structure, profits, revenue, assets, liabilities and employee salaries. The attacker also…
XRP price has been treading water in recent days. After XRP rose more than 52% in just 18 days from mid-October to early November, the price is currently in a clear consolidation phase over a shorter period of time. However, a look at the 1-month chart of the XRP/USD trading pair shows a strong month for the XRP price. In this sense, cryptocurrency analyst Egrag said: drawn Notice an extremely rare phenomenon on the XRP monthly price chart. The pattern in question is a series of three consecutive green candles, something that has only been recorded twice in the history…
Recent discussions in Congress regarding the Infrastructure bill have shone a light on just how much cryptocurrency affects ordinary people. This article describes how current and future members of Congress, elected leaders, and engaged citizens can learn more about crypto, and in particular how to fundraise with crypto donations. Intro An interesting and recent change in voter constituencies is that some groups today are cash poor but crypto rich. Having a visible way to accept campaign donations in crypto can involve these constituencies in new and continued political engagement. Empowering supporters to make contributions in cryptocurrency signals to those who…
You can now pay for drinks, food, and more with cryptocurrency. This is thanks to a new partnership between Bitcoin Latinum and global hospitality company The h.wood Group. According to a statement announcing the deal, the partnership includes “cross-promotional marketing initiatives, event sponsorships, endorsements, and bits on services, products and amenities across h.wood Group’s diverse portfolio of upscale nightlife and restaurant venues.” Coin Latinum acceptance is included.” The h.wood group is known for its world-class hotel portfolio, luxury nightlife and restaurants. Founded by entrepreneurs John Terzian and Brian Toll, the partnership is considered a progressive step for the brand. Mr.…