Shiba Inu’s price has taken a hit, falling below its support level. Here’s why: Bitcoin’s Influence The decline is partly due to Bitcoin’s price crash, triggered by outflows from Bitcoin ETFs. This has had a ripple effect on the altcoin market, including Shiba Inu. Over 14% Drop in a Week In the past week, Shiba…
Three-Phase Roadmap K9 Finance has outlined a comprehensive roadmap to enhance the DeFi landscape on Shibarium. Inspired by the evolution of canines, the roadmap progresses from resilience to strength and innovation. Phase 1: Hesper (Q2) Foundation testing and learning Focus on adaptability and foundational development Phase 2: Boro (Q3) Mainnet launch Showcases project robustness and…
Bitcoin’s Halving History Bitcoin halvings occur every four years, reducing the reward miners receive for creating new blocks. These events have historically been pivotal moments for the cryptocurrency. Previous Halvings 2012: Bitcoin’s price surged from $11 to $1,110. 2016: Price rose from $650 to $19,500. 2020: Price climbed from $8,900 to $64,000. What to Expect…
A prominent crypto trader, known as Altcoin Sherpa, is optimistic about the blockchain gaming platform Gala (GALA). According to the analyst, GALA has potential support levels at $0.053 and $0.046, which could lead to a bounce. Bittensor: AI Leader with Long-Term Potential Altcoin Sherpa also believes in the long-term prospects of Bittensor (TAO), a decentralized…
The cross-chain messaging protocol Wormhole has launched its new token, W, with a market capitalization of nearly $3 billion. Major Exchanges List W Major crypto exchanges such as Binance, OKX, and Bitget have announced support for W. Airdrop Distributes Millions of Tokens An airdrop distributed 617.3 million W tokens to over 400,000 eligible wallets. Users…
Skepticism from the Top Goldman Sachs’ Chief Investment Officer, Sharmin Mossavar-Rahmani, remains skeptical of cryptocurrencies like Bitcoin. She believes they lack traditional valuation metrics and are difficult to analyze for investment purposes. Unregulated Markets and Speculation Mossavar-Rahmani views cryptocurrencies as speculative investments and emphasizes the need for regulation and checks and balances in the financial…
Ethereum Analyst Ali Martinez warns of a “brutal scenario” for Ethereum (ETH). ETH has broken below support at $3,400, indicating a bearish trend. A bear pennant pattern suggests a potential decline of over 14% to $2,800. The $2,850 level may provide some support, but a further correction to lower levels is possible. Bitcoin Martinez also…
Binance Denies Executive’s Decision-Making Authority Binance has released a statement regarding the detention of Tigran Gambaryan, an executive accused of money laundering in Nigeria. The company claims that Gambaryan is a former law enforcement professional who has no decision-making power within Binance. Binance asserts that Gambaryan was hired in 2021 to improve compliance and has…
Glassnode, a data analysis company, has revealed that a whopping 9.5% of Bitcoin’s total supply was purchased when the price was above $60,000. That’s a staggering 1.87 million Bitcoin! Short-Term and Long-Term Holders The data shows that the majority of these high-priced purchases were made by short-term holders (STHs), who bought their coins within the…
Charges Against KuCoin On March 26th, the US Department of Justice (DOJ) and Commodity and Futures Trading Commission (CFTC) sued KuCoin, accusing it of: Breaking anti-money laundering laws Operating an unlicensed money transfer business Failing to register as a futures commission merchant Impact on KuCoin Token Price Drop: KuCoin’s token (KCS) has fallen 18.9% in…
