Blog – Page 409

XRP Lawyer Sees More Delays In The Case

The long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is set to reach a major breakthrough this week. The two sides are scheduled to propose a schedule for a summary judgement on Friday. But Ripple attorney James Filan highlighted that while Ripple will likely push for a faster schedule, the SEC is bound to buy for more time. Filan noted that the regulator has repeatedly attempted to delay proceedings, and recently succeeded in gaining an extension.

Proceedings...

CAKE Price Nearing $10 Breakout; Time to Buy?

The recent correction phase in the crypto market tumbled the CAKE price by 31.4%, bringing it to the 0.618 Fibonacci retracement level($7.5). The buyers reverted the coin price from this support suggesting the traders’ sentiment has flipped from selling the rallies to buying on dips. The altcoin is gradually nearing the $10 resistance for another breakout.

Key points:

The CAKE chart shows the morning star candle in the weekly time frame chart The 200-day EMA aligned with $11 mounts a strong resistance The...

Crypto Analyst Predicts 800% Solana ($SOL) Price Rally, Builds up Long-Term Position

A popular pseudonymous cryptocurrency analyst has predicted the price of Solana ($SOL) could rally over 830% over the long-term as it moves to the $1,000 mark. The trader revealed he is building up a long-term position on the cryptocurrency. On the microblogging platform Twitter, pseudonymous crypto trader Inmortal...

$SHIB: Bidding War Stops User From Drawing Swastika on Shiba Inu Metaverse

Shiba Inu’s metaverse saw a bidding war occur earlier this month to stop an unknown actor from drawing a swastika on it by acquiring land to create the symbol. The $SHIB community prevented it from happening by quickly buying land near it. The symbol was first spotted by...

XRP Price Faces Hurdle Near $0.80; Is $0.65 On The Way?

XRP price exhibits a negative trend as it fell on Wednesday following the previous few sessions of consolidation. The downside pressure could prompt XRP to lows that extend from February. In the short term, the price continues to hover in a trading range of $0.65 and $0.90. XRP price faces the challenge to overcome a crucial upside hurdle at $0.80. More downside on the offer if gives a daily close below $0.75. Further, the descending trend line acts as a resistance barrier...

U.S. Treasury Sanctions Russian Crypto Miners

Key Takeaways

The U.S. Treasury and OFAC have introduced sanctions against BitRiver, a Russia- and Switzerland-based crypto mining company. BitRiver is named along with ten of its subsidiaries in a list of approximately 80 sanctioned individuals today. This marks the Treasury's first sanction against a crypto mining firm.

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The U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on a Russian crypto mining firm and its subsidiaries for the first time.

Treasury Targets Russia Crypto Mining

In a statement, the Treasury...

Why Are Bitcoin Mining Rigs In A Downward Spiral –

Data shows the prices of Bitcoin mining rigs have been going down for a while now as profitability for miners has been observing a shrink.

Cost Of Bitcoin Mining Rigs Has Been On A Downward Spiral Recently

As per the latest weekly report from Arcane Research, BTC mining rigs are now at their lowest cost since August of last year. To understand why this trend may be occurring, it’s best to take a look at the “Bitcoin mining hashrate” indicator first. This metric...

BTC Price Remains Pressured Below 50-day EMA; Are You Buying?

BTC’s price shows signs of consolidating after two days of consecutive gains. The BTC is showing consolidating in the range of $39,000- $42,000 with a positive biasness. On the broader time frame, the technical set-up indicates infringement of the upper side to reach the higher levels in the short term. BTC price trades in a very limited price action still hold near $42,000. On the daily chart, the price forms higher highs and lows formation since January 23. However, the downside risk...

Terra ($LUNA) Sees Market Cap Surpass That of Avalanche ($AVAX) and Cardano ($ADA)

Terra ($LUNA) has been seeing its market capitalization grow steadily over the last few months, to now be among the largest by market capitalization. Within the top 10, it recently surpassed Cardano ($ADA and Avalanche ($AVAX). According to available data, LUNA’s market capitalization is now standing at $33.5...

Six Months Later, Coinbase NFT Is Live

Key Takeaways

Coinbase has launched the beta version of its "Web3 social marketplace for NFTs" today. The platform will look and feel more akin to social media platforms like Instagram and TikTok than traditional crypto or NFT exchanges like OpenSea and LooksRare. While in beta, the platform won't charge any marketplace fees and will support only a limited list of features.

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The largest U.S.-based crypto exchange Coinbase has released a limited-access beta version of its Web3 social marketplace for NFTs.

Coinbase Drops...