Bitcoin, Ethereum Technical Analysis: ETH Bulls Targeting $1,800 This Weekend
Ethereum rallied to a fresh three-week high to start Saturday’s session, however gains eased as the day progressed. The token continues to trade above $1,700, as market sentiment remains bullish. Bitcoin experienced a similar day, with the token slowly losing steam, after a failed breakout of a key resistance level.
BitcoinBitcoin (BTC) continued to trade above $21,000 on Saturday, however yesterday’s bullish momentum had marginally faded.
BTC/USD rose to a high of $21,613.86 earlier in today’s session, however prices then fell to an intraday low of $20,651.06.
Ethereum rallied to a fresh three-week high to start Saturday’s session, however gains eased as the day progressed. The token continues to trade above $1,700, as market sentiment remains bullish. Bitcoin experienced a similar day, with the token slowly losing steam, after a failed breakout of a key resistance level.
BitcoinBitcoin (BTC) continued to trade above $21,000 on Saturday, however yesterday’s bullish momentum had marginally faded.
BTC/USD rose to a high of $21,613.86 earlier in today’s session, however prices then fell to an intraday low of $20,651.06.
Shimmer Network Launch Marks Major Step for IOTA 2.0
September closed in style as the highly anticipated Shimmer network went live. This is after weeks of fire testing the Shimmer Beta version, a process which was initiated back in Mid-July as part of IOTA’s road map.
Earlier this week, Dominik Schiener, Co-founder and Chairman of the IOTA Foundation reaffirmed the launch of the Shimmer network and its native token (SMR).
“This is the week where, for the first time since the start of #IOTA in 2015, we launch a new token to the world. Couldn’t be more excited for what will follow.“
September closed in style as the highly anticipated Shimmer network went live. This is after weeks of fire testing the Shimmer Beta version, a process which was initiated back in Mid-July as part of IOTA’s road map.
Earlier this week, Dominik Schiener, Co-founder and Chairman of the IOTA Foundation reaffirmed the launch of the Shimmer network and its native token (SMR).
“This is the week where, for the first time since the start of #IOTA in 2015, we launch a new token to the world. Couldn’t be more excited for what will follow.“
Canadian pension fund says they will write off $95 million stuck on FTX
Summary:
Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX.The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York.Another firm wrote off $150 million stranded on Celsius after the crypto lender collapsed in June.Ontario Teachers’ does not plan to pursue recovery of its $95 million investment in crypto exchange FTX. According to the announcement, the giant Canadian pension fund will write off its entire assets left in limbo on the platform.
we are disappointed with the outcome of this investment, take all losses seriously and will use this experience to further strengthen our approach.
Summary:
Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX.The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York.Another firm wrote off $150 million stranded on Celsius after the crypto lender collapsed in June.Ontario Teachers’ does not plan to pursue recovery of its $95 million investment in crypto exchange FTX. According to the announcement, the giant Canadian pension fund will write off its entire assets left in limbo on the platform.
we are disappointed with the outcome of this investment, take all losses seriously and will use this experience to further strengthen our approach.
Billionaire Tim Draper Says One Catalyst Will Trigger 1,400% Bitcoin (BTC) Price Explosion
Venture capitalist Tim Draper is doubling down on his prediction that Bitcoin (BTC) will reach a price of more than $250,000, a meteoric ascent of over 1,400% from the king crypto’s current value.
In a new Bloomberg interview, Draper unveils what he believes would be the catalyst that fuels a Bitcoin rally to $250,000.
Venture capitalist Tim Draper is doubling down on his prediction that Bitcoin (BTC) will reach a price of more than $250,000, a meteoric ascent of over 1,400% from the king crypto’s current value.
In a new Bloomberg interview, Draper unveils what he believes would be the catalyst that fuels a Bitcoin rally to $250,000.
Tom Brady Named in New FTX-Based Lawsuit
A new lawsuit centering around failed exchange FTX has named legendary sports stars like Tom Brady and David Ortiz as potential defendants. Many of these individuals have long been associated with FTX and promoted what is now considered a fraudulent and twisted exchange.
Tom Brady and Others Are Being SuedThe lawsuit was filed in the U.S. District Court of Miami, Florida. Not long ago, FTX had purchased the naming rights of the home arena for the Miami Heat.
A new lawsuit centering around failed exchange FTX has named legendary sports stars like Tom Brady and David Ortiz as potential defendants. Many of these individuals have long been associated with FTX and promoted what is now considered a fraudulent and twisted exchange.
Tom Brady and Others Are Being SuedThe lawsuit was filed in the U.S. District Court of Miami, Florida. Not long ago, FTX had purchased the naming rights of the home arena for the Miami Heat.
Coinbase to Pay Hefty Penalty Fees to New York Lawmakers
Coinbase – one of the largest and most popular digital currency exchanges in the world – has announced it will pay roughly $50 million in settlement fees to New York regulators for allegedly failing to comply with the Empire State’s anti-money laundering laws.
Coinbase Allegedly Did Not Comply with Anti-Money Laundering LawsRegulators say that Coinbase has several older accounts that it hasn’t bothered to apply anti-money laundering laws to. There have been several thousand transactions with these accounts over the past four years that raised several red flags that Coinbase has allegedly done nothing about. The company must provide $50 million in penalties to New York as well as an additional $50 million to boost its compliance efforts.
Coinbase – one of the largest and most popular digital currency exchanges in the world – has announced it will pay roughly $50 million in settlement fees to New York regulators for allegedly failing to comply with the Empire State’s anti-money laundering laws.
Coinbase Allegedly Did Not Comply with Anti-Money Laundering LawsRegulators say that Coinbase has several older accounts that it hasn’t bothered to apply anti-money laundering laws to. There have been several thousand transactions with these accounts over the past four years that raised several red flags that Coinbase has allegedly done nothing about. The company must provide $50 million in penalties to New York as well as an additional $50 million to boost its compliance efforts.
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.
Individuals Complain About Yuga Labs’ Auction Model Despite Record Sales of Ordinal InscriptionsYuga Labs has concluded its Twelvefold auction after it went live at 3 p.m. PST on March 5 and ended at 3 p.m. PST on March 6. Schmigge Figge, the chief content officer at Yuga Labs, recently explained that Twelvefold is a base 12 art system localized around a 12×12 grid, and the collection is composed of 300 inscriptions. “Each series maintains a theme spread across 12 unique pieces,” the Yuga executive detailed. “Every Twelvefold piece will be inscribed onto a satoshi with a satpoint ending in the number 12, and the ‘postage’ associated with each inscription will be 12121.”
According to a representative speaking on behalf of Yuga, the collection may hold the spot as the top Ordinal Inscription collection sale to date, as detailed in a note sent to Bitcoin.com News. The Twelvefold auction saw 3,246 total bidders, with the top bid at 7.1159 BTC, or $160,000, according to Yuga. The minimum bid to rank in the top 288 was 2.2501 BTC, and the auction generated 735.7 BTC from the top 288 spots, which equated to roughly $16.5 million. Yuga tweeted on March 7 that all bids that did not rank in the top 288 saw funds returned to their receiving address.
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.
Individuals Complain About Yuga Labs’ Auction Model Despite Record Sales of Ordinal InscriptionsYuga Labs has concluded its Twelvefold auction after it went live at 3 p.m. PST on March 5 and ended at 3 p.m. PST on March 6. Schmigge Figge, the chief content officer at Yuga Labs, recently explained that Twelvefold is a base 12 art system localized around a 12×12 grid, and the collection is composed of 300 inscriptions. “Each series maintains a theme spread across 12 unique pieces,” the Yuga executive detailed. “Every Twelvefold piece will be inscribed onto a satoshi with a satpoint ending in the number 12, and the ‘postage’ associated with each inscription will be 12121.”
According to a representative speaking on behalf of Yuga, the collection may hold the spot as the top Ordinal Inscription collection sale to date, as detailed in a note sent to Bitcoin.com News. The Twelvefold auction saw 3,246 total bidders, with the top bid at 7.1159 BTC, or $160,000, according to Yuga. The minimum bid to rank in the top 288 was 2.2501 BTC, and the auction generated 735.7 BTC from the top 288 spots, which equated to roughly $16.5 million. Yuga tweeted on March 7 that all bids that did not rank in the top 288 saw funds returned to their receiving address.
Rendering Videos – a Fast, Reliable and Low Cost Service From GAIMIN
GAIMIN has launched video rendering into the services provided by gaimin.cloud, GAIMIN’s decentralised, distributed data processing network.
GAIMIN’s video rendering service is a lower cost service providing a faster turnaround time whilst spreading the data processing energy consumption footprint globally using PCs already running other applications and services and solving one of the world’s biggest digital problems today..
“The World is Running out of Data Processing Power”Satya Nadella, CEO Microsoft
In 2020, it was estimated that 1.145 trillion Mb of data was created every day; every human created approximately 1.7Mb of data per second. In 2022, 91% of Instagram users engage with brand videos, users send 650 million Tweets per day, 333 billion emails per day are sent, 42 million WhatsApp messages are sent per day, Google handles 6 billion searches per day, and there are 4.95 billion active social media users (62% of the global population). A lower definition 480p video streamed on YouTube uses 8.3Mb of data per minute, 500Mb per hour. A higher-quality 1080p video uses more data! One SnapChat uses 1Mb of data. The world is running out of data processing power!
GAIMIN has launched video rendering into the services provided by gaimin.cloud, GAIMIN’s decentralised, distributed data processing network.
GAIMIN’s video rendering service is a lower cost service providing a faster turnaround time whilst spreading the data processing energy consumption footprint globally using PCs already running other applications and services and solving one of the world’s biggest digital problems today..
“The World is Running out of Data Processing Power”Satya Nadella, CEO Microsoft
In 2020, it was estimated that 1.145 trillion Mb of data was created every day; every human created approximately 1.7Mb of data per second. In 2022, 91% of Instagram users engage with brand videos, users send 650 million Tweets per day, 333 billion emails per day are sent, 42 million WhatsApp messages are sent per day, Google handles 6 billion searches per day, and there are 4.95 billion active social media users (62% of the global population). A lower definition 480p video streamed on YouTube uses 8.3Mb of data per minute, 500Mb per hour. A higher-quality 1080p video uses more data! One SnapChat uses 1Mb of data. The world is running out of data processing power!
Block3000: Blockchain Battle Early Bird Tickets on Sale Now!
Secure more than 40% off on tickets for one of the biggest blockchain events in Europe.
More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7, 2023, as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry.
Block 3000: Blockchain Battle will welcome a diverse range of speakers that includes C-Suite Executives from some of Fintech’s biggest movers and shakers, influential media figures, inspirational founders and Blockchain thought leaders.
Secure more than 40% off on tickets for one of the biggest blockchain events in Europe.
More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7, 2023, as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry.
Block 3000: Blockchain Battle will welcome a diverse range of speakers that includes C-Suite Executives from some of Fintech’s biggest movers and shakers, influential media figures, inspirational founders and Blockchain thought leaders.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
U.S. Justice Department Charges Two Russian Nationals for Involvement in Infamous Mt. Gox Crypto Exchange Hack
The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox.
In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) hacked from Mt. Gox.
The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox.
In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) hacked from Mt. Gox.
Could Bankrupt Celsius Liquidation Plans Shake Up Altcoin Market? Here’s What the Data Shows
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
Top Stablecoin Tether (USDT) Ends Support for Kusama (KSM), Bitcoin Cash (BCH) SLP and Omni Layer (OMNI) Chains
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains.
On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains.
On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).
Stellar Lumen (XLM) Price Turns Red As Bears Aim $0.10
Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1110 support.
Stellar Lumen Price Analysis (XLM to USD)In the past few days, Stellar Lumen price struggled to recover above the $0.120 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
There was a move below the $0.1185 and $0.1170 levels. The price tested the $0.1115 zone. A low is formed near $0.1115 and the price is now consolidating losses. XLM is now trading below $0.1175 and the 55 simple moving average (4 hours).
Stellar lumen price is trading below $0.1180 against the US Dollar, like Bitcoin. XLM price could extend losses if it trades below the $0.1110 support.
Stellar Lumen Price Analysis (XLM to USD)In the past few days, Stellar Lumen price struggled to recover above the $0.120 resistance against the US Dollar. The XLM/USD pair failed to continue higher and started a fresh decline.
There was a move below the $0.1185 and $0.1170 levels. The price tested the $0.1115 zone. A low is formed near $0.1115 and the price is now consolidating losses. XLM is now trading below $0.1175 and the 55 simple moving average (4 hours).
Blockchain Expo Global 2023: Uniting the World’s Leading Innovators in London
Blockchain Expo Global is making its way to London, United Kingdom on November 30th and December 1st, 2023. Save the dates!
This Blockchain event serves as a dynamic congregation of cutting-edge technology companies, offering attendees a unique opportunity to explore the latest applications of Web, NFT’s, The Metaverse, Crypto & Digital Assets, Governance and DLT’s.
Anticipating an attendance of more than 6,000 passionate participants, this event is poised to establish itself as one of the premier Blockchain Expos. In this edition, we extend a warm welcome to Dyson, Bosch, Coinbase, Toolbit, and a host of other distinguished participants.
Blockchain Expo Global is making its way to London, United Kingdom on November 30th and December 1st, 2023. Save the dates!
This Blockchain event serves as a dynamic congregation of cutting-edge technology companies, offering attendees a unique opportunity to explore the latest applications of Web, NFT’s, The Metaverse, Crypto & Digital Assets, Governance and DLT’s.
Anticipating an attendance of more than 6,000 passionate participants, this event is poised to establish itself as one of the premier Blockchain Expos. In this edition, we extend a warm welcome to Dyson, Bosch, Coinbase, Toolbit, and a host of other distinguished participants.
Plenty of Juice Left in the Tank for Solana, Says Top Crypto Trader – Here’s His Big Upside Target
A trader who nailed the bottom of Bitcoin’s (BTC) 2018 bear market is remaining bullish on Solana (SOL) despite its deep corrective move in the past day.
Pseudonymous analyst Bluntz tells his 231,500 followers on the social media platform X that Solana is the fastest large-cap coin to recover after plunging to a 24-hour low of $68.06.
A trader who nailed the bottom of Bitcoin’s (BTC) 2018 bear market is remaining bullish on Solana (SOL) despite its deep corrective move in the past day.
Pseudonymous analyst Bluntz tells his 231,500 followers on the social media platform X that Solana is the fastest large-cap coin to recover after plunging to a 24-hour low of $68.06.
Only 2-3 Spot Bitcoin ETFs Will Survive Long-Term, Grayscale CEO Warns
Grayscale CEO Michael Sonnenshein has predicted that the overwhelming majority of the spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission will not stand the test of time. He also touched on Grayscale’s far-costlier fee for its ETF product.
Grayscale CEO Predicts Fewer Bitcoin ETF SurvivorsThe approval of spot Bitcoin ETFs earlier this month marked a historic event for the cryptocurrency industry. The newly launched investment vehicles already have nearly $30 billion in assets under management. This means Bitcoin has effectively eclipsed silver to become the second-largest ETF commodity asset class in the U.S., trailing only gold.
Total net inflows into the spot BTC ETFs over the past five days currently stand at around $1.2 billion, with Fidelity recently joining BlackRock in the $1 billion-plus inflows club. Meanwhile, Grayscale’s ETF instrument has seen a massive outflow of $2.2 billion as investors swap between ETF products due to the product’s pricey fees.
Grayscale CEO Michael Sonnenshein has predicted that the overwhelming majority of the spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission will not stand the test of time. He also touched on Grayscale’s far-costlier fee for its ETF product.
Grayscale CEO Predicts Fewer Bitcoin ETF SurvivorsThe approval of spot Bitcoin ETFs earlier this month marked a historic event for the cryptocurrency industry. The newly launched investment vehicles already have nearly $30 billion in assets under management. This means Bitcoin has effectively eclipsed silver to become the second-largest ETF commodity asset class in the U.S., trailing only gold.
Total net inflows into the spot BTC ETFs over the past five days currently stand at around $1.2 billion, with Fidelity recently joining BlackRock in the $1 billion-plus inflows club. Meanwhile, Grayscale’s ETF instrument has seen a massive outflow of $2.2 billion as investors swap between ETF products due to the product’s pricey fees.
Investor That Bought Ethereum (ETH) Under a Dollar Sees Bitcoin (BTC) ‘A Lot Higher’ by End of the Year
Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) will end 2024 much higher than its current value.
In a new interview with CNBC, the early crypto investor who bought Ethereum (ETH) around $1 says that increased adoption through the newly launched spot BTC exchange-traded funds (ETFs) may continue to fuel Bitcoin’s bullish momentum this year.
Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) will end 2024 much higher than its current value.
In a new interview with CNBC, the early crypto investor who bought Ethereum (ETH) around $1 says that increased adoption through the newly launched spot BTC exchange-traded funds (ETFs) may continue to fuel Bitcoin’s bullish momentum this year.
Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol.
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform.
Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol.
Top Trader Predicts Fresh Leg Up for SOL and One Solana-Based Altcoin, Updates Outlook on Dogecoin
An analyst who’s been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside.
Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).
According to the top crypto strategist, Solana appears to have completed an ABC corrective wave against Bitcoin (SOL/BTC) on the eight-hour chart.
An analyst who’s been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside.
Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).
According to the top crypto strategist, Solana appears to have completed an ABC corrective wave against Bitcoin (SOL/BTC) on the eight-hour chart.