In a major turn of events, Do Kwon, the founder of Terraform Labs, has avoided extradition to the United States after the Montenegro government overturned its previous decision. Appellate Court Overturns Extradition Ruling The Montenegrin Court of Appeal accepted Kwon’s defense attorneys’ appeal, annulling the previous extradition decision made by the High Court in Podgorica….
Amidst the recent banking turmoil in the US, prominent financial figures have shared their insights on how investors can protect themselves. Robert Kiyosaki’s Warning and Bitcoin’s Role: Robert Kiyosaki, author of “Rich Dad, Poor Dad,” cautioned investors about a looming banking crisis. He likened the current financial system to US Navy Flight School, where student…
Kraken, a leading global crypto exchange, is accelerating its European expansion plans with a key regulatory approval in the Netherlands. Dutch VASP Registration: A Milestone for Kraken Kraken secured a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank, marking a significant milestone in its European expansion strategy. This registration demonstrates Kraken’s commitment…
Han Chang-joon Detained: Former Chief Financial Officer of Do Kwon’s Terraform Labs Korea, Han Chang-joon, has been detained following an arrest warrant issued by the Seoul Southern District Court. The court cited concerns over Han’s potential flight risk amidst the ongoing investigation into the Terra-Luna cryptocurrency scandal. Charges Against Han Chang-joon: Han faces charges that…
Prometheum’s Strategy Prometheum, an alternative trading platform for crypto securities, recently launched custodial services for Ethereum (ETH). This move has significant implications for the legal status of ETH, the second-largest cryptocurrency by market capitalization. Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. The company…
Ethereum staking has reached a significant milestone, with over 25% of the total ETH supply now staked. This is despite the poor performance of the ETH price over the past year. Staking on the Rise Liquid staking protocols like Lido Finance have seen a steady increase in the amount of ETH being staked. As a…
Ethereum’s Exchange Netflow Indicator Signals Bullish Momentum Exchange Netflow: Tracks the net amount of Ethereum entering or exiting centralized exchanges. Positive Value: Indicates more inflows than outflows, potentially leading to selling pressure. Negative Value: Indicates more outflows than inflows, suggesting accumulation for long-term holding. Recent Trend in Ethereum Exchange Netflow: 14-day EMA: Mostly negative, indicating…
Bittensor (TAO) Altcoin Sherpa, a crypto analyst, believes Bittensor (TAO), an AI-focused blockchain platform, could rise 33% from its current value. TAO has already surged 880% since October 16th, trading at $450.89 at the time of writing. Solana (SOL) Altcoin Sherpa remains bullish on Solana (SOL), an Ethereum competitor, but warns of a potential retest…
Cryptocurrency analyst Ali Martinez predicts a bullish upswing for a top-10 altcoin, XRP, after a prolonged downtrend. Martinez believes XRP could experience a surge lasting one to four weeks based on the Tom Demark (TD) Sequential indicator, a tool used to identify trend direction and potential price reversals. XRP’s Potential Upswing XRP, currently ranked as…
Bullish Outlook for Ethereum Crypto analyst Michaël van de Poppe is optimistic about the future of Ethereum (ETH), the second-largest cryptocurrency by market capitalization. He believes that ETH is poised for a significant rally, potentially reaching $3,500, a level not seen since April 2022. Technical Analysis Van de Poppe’s analysis suggests that Ethereum has successfully…
