Auto Added by WPeMatico

Ethereum Technical Analysis: ETH’s Consolidation Phase Highlights Potential Downward Trajectory

As ethereum continues its price fluctuations, technical indicators on the 1-hour, 4-hour, and daily charts suggest a bearish outlook with mixed trading signals. Despite some bullish undercurrents, the predominant sentiment…

Continue ReadingEthereum Technical Analysis: ETH’s Consolidation Phase Highlights Potential Downward Trajectory

Bitcoin Technical Analysis: Persistent Bearish Trends Hinder BTC’s Recovery

As of April 29, 2024, bitcoin remains under considerable bearish pressure according to multiple indicators across different time frames. Currently trading at $62,279, bitcoin has shown a 24-hour range between…

Continue ReadingBitcoin Technical Analysis: Persistent Bearish Trends Hinder BTC’s Recovery

Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme

At least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan,…

Continue ReadingTaiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the…

Continue ReadingDoes Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil

Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian…

Continue ReadingSouth African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil

Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership

Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in…

Continue ReadingJapan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership

Analyst Eyes $300K Bitcoin Price as BTC Approaches ‘Most Aggressive Part of the Bull Cycle’

A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the…

Continue ReadingAnalyst Eyes $300K Bitcoin Price as BTC Approaches ‘Most Aggressive Part of the Bull Cycle’

Liquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH…

Continue ReadingLiquid Staking Platforms See 60,000 ETH Outflow in 2 Weeks; Lido Dominates Reductions

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about…

Continue ReadingFinancial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall