XRP’s bearish outlook is driven by a mix of technical and fundamental factors that could see its price drop to $0.18 next. Ripple (XRP)Ā price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside.Major XRP breakdown underwayTo recap, XRP started forming… More
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the… More
ETHās price risks declining further despite rebounding over 20% in the last three days. Ethereumās native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing ābear pennantā structure.ETH price to $1,500?ETHās price has been consolidating since May 11 inside a range defined by two converging trendlines. Its… More
The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchainās environmental effects prevails. Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agenciesā preeminent approach to crypto regulation. It could be summed up as letting… More
Large spikes in whale transactions typically precede a period of declines in the Litecoin market. The daily transactions involving the richest Litecoin (LTC) addresses ā “whales” that hold 10,000 to 1 million LTC ā have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform SantimentĀ detected a total of 3,458 LTC transactions, worth… More
LUNA price chart technicals are hinting at a possible 50% price drop in the coming weeks, however. Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard’s (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the… More
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules. Italyās second-largest bank UniCredit and the Bitcoin (BTC) mining farm Bitminer Factory have faced each other in the Bosnian city Banja Luka court, which decided that the bank improperly closed the companyās account and must compensate… More
The data from CoinShares shows a weekly inflow of $193 million, with more than half of that figure going to Bitcoin alone. Solana is also getting attention and broke a record in the process. CoinShares data revealed on Tuesday that institutional investments into cryptocurrencies are at the highest levels in three months, a sharp rise… More
South Korean tech giant LG Electronics has officially updated its business development goals to include cryptocurrency and blockchain-based software. South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter.Ā According to a local South Korean news report, LG added two distinct crypto-related objectives during its annual… More
Mark Manansala entered the world of crypto through an unfortunate experience but didnāt let that stop him from learning more about Bitcoin. Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion.It all started… More
Both firms say they allow traders to make real-time moves in responding to their risky crypto positions. Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to… More
New FTX fund targets projects that are āmassively scalableā and could spend millions of dollars productively. Global crypto exchange platform FTX launched a fund called the FTX Future Fund with an aim to support long-term improvements for humankind. The project will deploy up to a billion dollars to support projects focusing on safe artificial intelligence… More
The token burn appears as the supply of UST, Terra’s stablecoin, rises by nearly 14.75% in the month. Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market.LUNA decouples from the crypto marketLUNA’s price surged by a little… More
It’s had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers. Once hailed as the “Ethereum of China,” Neo’s token price hasĀ fallen on hard times ever since the world’s most populous nation introduced a series of acute bans on cryptocurrency operations… More
Finance minister Nirmala Sitharaman believes the introduction of a CBDC will provide a ābig boostā to India’s digital economy. In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the countryās economic growth.Ā Sitharaman highlighted the need… More
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