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LUNA Price Challenges 0.50% Fibonacci Retracement Near $0.80; Hold or Exit?

LUNA price remains muted on Friday as the sellers seem exhausted with the day before of sell-off. The current price action suggests a lack of volatility. However, the possibility of further downside momentum is having a better chance as the price continues to trade near the lower levels. LUNA price trades in a lukewarm state following the massive previous-day decline. Expect more downside if breaks below the 0.50% Fibonacci retracement level near $0.80. However, a daily candlestick above $0.85 would invalidate the...

Blockchain Interoperability Solution Allbridge ‘Brings DeFi to the XRP Ledger’

On Thursday (April 14), the team behind cross-chain bridge Allbridge announced that it had “successfully integrated support for XRP Ledger (XRPL), a decentralized, public blockchain built for payments,” delivering on a promise it made back in January.

What Is Allbridge?

According to Allbridge’s documentation, a blockchain bridge is “a connection that...

Chainlink (LINK) Flips Shiba Inu As Most Widely Held Token By Whales

Chainlink (LINK) has become the most traded and widely held token by the top 100 Ethereum (ETH) whales in the last 24 hours. Moreover, LINK has even overtaken Shiba Inu (SHIB) in terms of most purchased and sold token by top whales. As a result of gaining interest from the largest Ethereum whales, the Chainlink price has increased significantly in the last 24 hours.

Chainlink (LINK) Attracts Interest from Top ETH Whales

According to data from WhaleStats, Chainlink (LINK) has been in...

To Test The Lightning Network, CNBC Sent BTC To A Ukranian In Poland. The Result? –

Mainstream media, CNBC to be exact, experienced the power of Lightning. The article’s snatchy title says it all, “We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes.” The recipient was Alena Vorobiova and her face at the end of the video also says it all. Bitcoin developer Gleb Naumenko assisted in the operation, and MacKenzie Sigalos represented CNBC. She hosted one of Bitcoin 2022’s most interesting panels...

Solana ($SOL) Price Breaks Key Technical Level for First Time This Year: Report

The price of Solana ($SOL) has broken through a key technical level for the first time this year in March, a month in which it recorded double-digit returns and was the best-performing cryptoasset among the top coins. According to CryptoCompare’s latest Asset Report, the price of Solana rose...

Cardano ($ADA) Price Breaks Six-month Losing Streak in March as Long-Term Holders Pile up

Last month, the price of Cardano’s native currency $ADA broke a six-month losing streak by ending the month with a positive return of 18.4%, at $1.19. The cryptocurrency’s price had been steadily dropping since hitting a new all-time high above $3.1 last year. According to CryptoCompare’s latest Asset...

U.S. State Regulators Aim to Shutter NFT Casino

Key Takeaways

State securities regulators in Alabama and Texas have filed cease-and-desist orders against Sand Vegas Casino Club. Those regulators say that the online casino sold NFTs to fund its operations, constituting an illegal securities offering. While the regulators aim to shut down the business, Sand Vegas Casino Club appears to be operational as of Apr. 14.

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Security regulators in two U.S. states have issued cease-and-desist orders against an online casino offering non-fungible tokens.

Sand Vegas Casino Faces C&D

Alabama’s State Securities Commission...

Is Amazon Planning To Integrate NFTs? CEO Bullish On NFTs

Cloud computing and e-commerce giant Amazon have not ruled out the possibility of entering the cryptocurrency industry. Andy Jassy, CEO of Amazon, said that the company considers the digital assets industry to be an “emerging area.”

Amazon CEO: Over time you’ll see crypto become bigger

Speaking in an interview with CNBC, Jassy stated that there was a lot of discussion going on about the very interesting crypto market. In particular, he expects the NFT market to do very well in future,...

Bitcoin Whales Are Increasingly Preferring OTC Deals Over Exchanges –

Data shows the Bitcoin fund flow ratio has been going down in the last couple of years, suggesting that whales have started to prefer selling through OTC deals over centralized exchanges.

Bitcoin Fund Flow Ratio Reaches Lowest Level Since 2015

As explained by an analyst in a CryptoQuant post, BTC whales seem to have increasingly been trading outside exchanges in recent times. The “fund flow ratio” is an indicator that’s defined as the the total Bitcoin amount entering or exiting centralized exchanges...

Ripple CEO Discusses Ongoing SEC Lawsuit

Key Takeaways

Today, Brad Garlinghouse said the SEC would have trouble showing Ripple's sale of XRP constituted violations in securities laws. The Ripple CEO expressed dissatisfaction with what clarity the SEC has provided on crypto regulation. In contrast, Garlinghouse praised the Biden Administration's executive order on cryptocurrency regulation, which he called significant and positive progress.

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Brad Garlinghouse, the chief executive officer of Ripple, discussed his company’s ongoing case with the Securities and Exchange Commission in an interview today. He said...