SEC’s Decision The Philippine Securities and Exchange Commission (SEC) has blocked access to Binance, the world’s largest cryptocurrency exchange. The decision was made because Binance does not have the necessary license to operate in the Philippines. Website and Services Blocked The SEC has asked the National Telecommunications Commission (NTC) to block Binance’s website and related…
Escape from Custody Nadeem Anjarwalla, a senior Binance executive, escaped from Nigerian custody on March 22nd, after being detained on tax evasion charges. He fled the country using his Kenyan passport, despite having his British passport confiscated. Tax Evasion Charges Nigeria has filed tax evasion charges against Binance, Anjarwalla, and another executive, Tigran Gambaryan. The…
Threat to Long Traders Dogecoin is hanging on above $0.17, but a 10% drop could trigger massive losses for long traders. Over $66 million worth of leveraged longs would be liquidated if the price falls below $0.153. Short Traders on Edge On the flip side, a 10% price increase to $0.1908 would liquidate over $55…
Ethereum is on the cusp of reaching $4,000, but faces a potential roadblock: the US Securities and Exchange Commission (SEC). Technical Analysis Points to $4,000 Milestone Analyst Captain Faibik believes Ethereum’s price chart shows a bullish pattern, suggesting a breakout above $4,000. This optimism is based on a descending wedge pattern, indicating an end to…
Emin Gün Sirer, CEO of Ava Labs, warns of a wave of dangerous crypto projects during the next bull market. The Void Left by Sam Bankman-Fried With the fall of FTX CEO Sam Bankman-Fried, Gün Sirer believes that worse forms of fraud will emerge, particularly in the form of “trash L2s” (layer-2 solutions). Red Flags…
Analyst’s Insights: Glassnode analyst Checkmate predicts that Bitcoin investors will likely sell some of their holdings before the halving in April. The lack of significant corrections during the recent bull run suggests that holders may be eager to lock in profits. The halving event, where the reward for mining Bitcoin is halved, is typically seen…
Economist Alex Krüger is excited about a lesser-known crypto project called Core (CORE). He believes it combines the best of Bitcoin’s proof-of-work system with the benefits of proof-of-stake. Krüger’s Bullish Outlook Krüger told his followers on social media that CORE is poised to gain popularity, saying, “There are two kinds of people in crypto. Those…
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) is poised for a bullish reversal. Technical Indicators Suggest Momentum Shift Svenson points to a bullish technical pattern known as an inverse head and shoulders on Bitcoin’s four-hour chart. This pattern often indicates a trend reversal and increased demand. MACD Confirms Bullish Signal The moving average convergence divergence…
Bitcoin’s future price trajectory is a hot topic among analysts. Some believe it will soar to new heights, while others predict a reality check. Bullish Outlook Cryptoyoddha, a prominent analyst, sees a bright future for Bitcoin. He believes it will follow a historical pattern of accumulation and parabolic surges. This could lead to Bitcoin surpassing…
Whale Activity on the Rise Bitcoin whales have been making waves lately, with a staggering $2.3 billion worth of BTC leaving crypto exchanges in just 24 hours. This accumulation trend suggests that these big players are bullish on the future of Bitcoin. Analysts See Bullish Signs Crypto analyst Ali Martinez has observed a massive inflow…
