Ripple’s Entry into the Stablecoin Market Ripple, the payment company, is jumping into the stablecoin market with its own digital currency pegged to the US dollar. This move puts Ripple in direct competition with stablecoin giants like Tether and Circle. Why Ripple is Launching a Stablecoin Ripple’s CEO says the company decided to launch a…
Case Adjourned Binance’s financial crime compliance head, Tigran Gambaryan, has had his tax evasion case postponed until April 19. This came after his first court appearance, where he was charged with non-payment of taxes and aiding customers in tax evasion. Delay Due to Lack of Notice The prosecution explained that they couldn’t serve Gambaryan the…
Morgan Stanley and UBS Join the Competition After the approval of spot Bitcoin ETFs in the US, institutional interest in crypto has skyrocketed. Morgan Stanley and UBS are now vying to be the first to offer these products to their clients. Morgan Stanley’s Salty Response According to crypto commentator Andrew from Arch Public, Morgan Stanley…
Crypto analyst TechDev believes Bitcoin (BTC) is on the cusp of a significant surge based on several technical indicators. Wyckoff Accumulation Schematic According to TechDev, the Wyckoff accumulation schematic, which predicts price movements, is currently in Phase E, indicating a period of price increases. Gaussian Channel The Gaussian channel, a momentum indicator, suggests that Bitcoin…
Analyst Rekt Capital has issued a warning about Bitcoin (BTC), citing the recent price pullback and the upcoming halving event. Danger Zone According to Rekt Capital, Bitcoin is currently in a “danger zone” ahead of the halving, which is scheduled to occur in two weeks. This zone ranges from $73,800 to the mid-$60,000s. Potential Pullback…
BitMEX founder Arthur Hayes has made a bold prediction for Ethena (ENA), a new Ethereum-based altcoin. Hayes believes that ENA could skyrocket by over 817% once the crypto market recovers. Investment Backing Hayes is not the only one bullish on ENA. Investment giants Franklin Templeton, Galaxy Digital, and Binance Labs have also invested in the…
Real-World Asset Altcoins Altcoin Sherpa, a renowned crypto analyst, predicts that altcoins tied to real-world assets (RWAs) remain promising. Mantra (OM), an Ethereum-based token focused on RWA tokenization, is expected to dip before resuming growth. Fibonacci retracement levels suggest support at $0.60 or $0.50. Bitcoin’s Technical Analysis Sherpa observes that Bitcoin’s 200-day exponential moving average…
ETF Outflows: A Concern? The crypto market was surprised by significant outflows from Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) on Tuesday. This marked the first time a “Newborn Nine” ETF had surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). Analysts are debating whether these outflows are a bearish signal for Bitcoin’s price or…
Google is taking legal action against a group of people accused of running a massive crypto scam. The Scam Since at least 2019, the scammers have allegedly created over 87 fake apps on Google Play. These apps pretended to be real investment and crypto trading platforms. The scammers used tactics like fake text messages, YouTube…
Irina Dilkinska, the former head of Legal and Compliance for OneCoin, has been sentenced to four years in prison for her role in the multi-billion dollar pyramid scheme. OneCoin: A Fraudulent Scheme Launched in 2014, OneCoin promised investors a revolutionary cryptocurrency. However, authorities allege that the project was a fraudulent scheme from the start, designed…
