Ethereum, after going through a rapid downturn, has managed to find solid support within a critical zone. This zone includes the 100-day moving average and a significant price range between the 0.5 and 0.618 Fibonacci levels. The presence of this support zone indicates a potential bullish rebound in the medium term. A closer look at
Crypto
Bitcoin’s fourth halving event has finally taken place, reducing the block reward from 6.25 BTC to 3.125 BTC. This significant reduction marks a pivotal moment in the cryptocurrency industry, as it has now cut the daily issuance of Bitcoin in half, down to approximately 450 Bitcoin from the previous 900. This decrease in supply will
Binance, the world’s largest cryptocurrency exchange, faced a ban by the Indian government but is now making a comeback after agreeing to pay a penalty of $2 million. This move comes as Binance prepares to re-enter the Indian market under the oversight of the Financial Intelligence Unit (FIU) within the finance ministry. The exchange will
Bitcoin miners are currently facing a significant decrease in stock prices as the impending halving approaches. Marathon Digital (MARA) and Riot Blockchain (RIOT), two major players in the Bitcoin mining industry, have seen their stock prices plummet by approximately 53% and 54%, respectively, from their peak values earlier this year in February. CleanSpark (CLSK) experienced
Ethena has introduced a synthetic dollar protocol on Ethereum that issues the stablecoin USDe with the vision of creating a censorship-resistant and scalable form of digital money pegged to the US dollar. However, a recent deep dive conducted by on-chain analytics firm CryptoQuant has shed light on the potential risks associated with the rapidly growing
Recently, the social media account of the renowned actor Tom Holland was hacked, causing chaos among his followers. This hack involved the promotion of a fake cryptocurrency and NFT scheme, leading to significant confusion and speculation among fans. The Hack The attacker used Holland’s platform to announce a partnership with the global crypto exchange Binance,
Hong Kong recently made headlines as regulators approved spot Bitcoin and Ethereum exchange-traded fund applications from China Asset Management, Harvest Global Investments, and Bosera Asset Management in partnership with HashKey Capital. This move was seen as a major milestone for Hong Kong, as the city aims to establish itself as a central hub for digital
The ongoing saga involving Binance executive Nadeem Anjarwalla has taken a new twist with his extradition from Kenya. After escaping custody in Nigeria, Anjarwalla was tracked down to Kenya, where the authorities are now working to send him back to face charges related to the manipulation of the Naira and other illicit transactions through Binance.
Bitcoin (BTC) has the potential to reach impressive price targets in the future, according to Bitcoin analyst Willy Woo. He suggests that the cryptocurrency could reach $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle with the full deployment of exchange-traded funds (ETFs) in the coming years.
Bitrace, a prominent data analysis company, has recently taken steps to address the rising issue of cryptocurrency-related crimes in Hong Kong. As part of their Corporate Social Responsibility efforts, the company organized training sessions for members of the Hong Kong Police Force. The focus of these sessions was on on-chain fund tracking, aiming to enhance
