Former Binance CEO Changpeng Zhao plans to remain a passive crypto holder despite receiving a prison sentence for violating US laws. Statement on Social Media Zhao expressed gratitude for support and stated his intention to “do [his] time” and focus on education after completing his sentence. Positive Stance on Crypto Despite the setback, Zhao remains…
Integration for US Users MoonPay, a crypto payment platform, now allows US users to buy and sell over 110 cryptocurrencies using PayPal. This integration makes it easier for new MoonPay users who already have a PayPal account. Benefits of the Partnership Increased Security: PayPal provides an extra layer of security by not disclosing full financial…
New Restrictions in Place Arkansas lawmakers have approved two bills aimed at addressing concerns over crypto mining operations in the state. Noise and Water Usage The bills require mining facilities to implement noise-reduction techniques and obtain a state permit. They also address water usage restrictions for cooling systems. Foreign Ownership The bills prohibit ownership of…
Market Shift: From Enthusiasm to Caution JPMorgan analysts have expressed concern about the future of cryptocurrencies. Despite the industry’s growth and mainstream adoption, they advise caution due to: Declining retail interest Lack of positive market catalysts Key Observations Elevated market positioning and high Bitcoin valuation Waning retail investor enthusiasm Profit-taking by institutional players Analyst Predictions…
Wire Fraud Indictment Federal authorities have arrested Idin Dalpour for orchestrating a multi-year crypto Ponzi scheme that defrauded investors of over $43 million. The Scheme From 2020 to 2024, Dalpour lured investors through a company called Entity-1. He claimed to be involved in a Las Vegas hospitality venture and a crypto trading operation. Dalpour promised…
Dave the Wave, a well-known crypto analyst, believes Bitcoin (BTC) could be in for more downside after dropping below $58,000. Key Fibonacci Level Dave the Wave is monitoring Bitcoin’s support at a key Fibonacci retracement level of 0.382, which corresponds to around $58,000. He notes that this level has historically provided support for Bitcoin during…
Leveraged traders have been hit hard after Bitcoin (BTC) suddenly plummeted below $58,000, dragging other cryptocurrencies down with it. Liquidation Frenzy According to Coinglass, over $448 million in cryptocurrencies have been liquidated in the past 24 hours. Over 84% of these liquidations were from traders who had borrowed money to bet on rising prices (leveraged…
Popular crypto analyst Benjamin Cowen warns that Bitcoin (BTC) could fall further after recently hitting a low not seen since February. 100-Day Moving Average as Support Cowen notes that Bitcoin’s price is currently at the 100-day simple moving average (SMA), which has previously acted as support. If the price falls below this level, it could…
According to Brian Quinlivan, marketing director at blockchain analytics firm Santiment, two factors could spark a recovery in Bitcoin’s price: Whale and Shark Accumulation Whales (holding 10-10,000 BTC) and sharks have recently taken profits, contributing to the price decline. However, if they resume accumulation, it could indicate a potential upward trend. Fear, Uncertainty, and Doubt…
Massive Outflows The US Spot Bitcoin ETF market has witnessed record-breaking outflows, with over $500 million leaving in a single day. This comes as Bitcoin’s price continues to decline. Impact of FED Announcement The outflows occurred after the Federal Reserve’s decision to maintain interest rates, despite expectations for a cut. This triggered further declines in…
