Bitcoin has broken through the $60,000 barrier, setting its sights on a new all-time high. Final Resistance According to DonAlt, an experienced crypto trader, Bitcoin is facing its last line of resistance before reaching new heights. This resistance level is set at $60,360. DonAlt believes that the current price action suggests caution, but remains bullish…
Crypto analyst Inmortal believes that Floki (FLOKI), a memecoin inspired by Elon Musk’s dog, is poised for a significant rally. Contagion Effect Inmortal compares FLOKI’s recent price action to that of Pepe (PEPE), another Dogecoin rival that experienced a surge in value. He believes FLOKI will follow a similar trajectory. Technical Analysis Inmortal’s chart analysis…
A long-lost Ethereum (ETH) wallet has come back to life, sending over $773,000 worth of ETH to Coinbase, the largest US crypto exchange. Pre-Mine Surprise The wallet, created before Ethereum’s public launch, had been dormant for over 8.5 years. When it awoke, it sent a single ETH to Coinbase, followed by a whopping 237.748 ETH….
Proposed Sentence Limit Sam Bankman-Fried’s (SBF) lawyers have requested a sentence of 63 to 78 months (5 to 6.5 years) in prison. This is significantly lower than the statutory maximum of over 100 years. Arguments for Leniency SBF’s lawyers argue that he deserves a lenient sentence due to: His charitable work and commitment to others…
Whale Withdrawals from Bitfinex Fuel Rally Bitcoin has surged above $59,000 as large investors, known as “whales,” have been withdrawing significant amounts of BTC from the cryptocurrency exchange Bitfinex. Whales Pull $240 Million from Bitfinex Analyst James Van Straten has noted that the recent surge in Bitcoin’s price towards $60,000 is partly due to the…
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A trader who correctly predicted the 2018 Bitcoin bear market bottom is optimistic about two memecoins. Dogwifhat (WIF) Analyst Bluntz believes that WIF has been forming bullish patterns, with each corrective move leading to a higher low. He suggests that the memecoin is on the verge of breaking out from an ascending triangle pattern, targeting…
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Binance Labs, the venture capital arm of Binance, has invested in Babylon, a Bitcoin (BTC) staking protocol. What is Babylon? Babylon is a protocol that allows users to stake their Bitcoins for proof-of-stake (PoS) blockchains. This means that Bitcoin holders can earn rewards without having to give up custody of their coins. Babylon is built…
Alleged Misappropriation A 31-year-old woman is facing charges for allegedly stealing $4.2 million in cryptocurrency. Authorities believe she diverted the funds from a company’s account into her own digital wallets. The funds were reportedly used to purchase items like a car, accessories, and white slippers. Investigation and Charges The investigation began after the company filed…
