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Showing posts from March, 2023

What will be the consequences of the lawsuit against Binance?

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Join Our Telegram channel to stay up to date on breaking news coverage As we have reported recently, the Commodity Futures Trading Commission, or CFTC, of the US has filed a lawsuit against Binance, the largest cryptocurrency exchange in the world, leaving it in a very unclear situation. It’s the most recent illustration of the greater federal scrutiny the sector has been subject to as a result of a spate of scandals in recent years. These recent actions of the US government against the crypto sector have been nicknamed “Operation Choke Point 2.0“, to decry what appears to be a systematic effort at attacking the industry. In the case, which was brought on Monday, Binance is accused of deliberately evading US rules, including neglecting to register there and allowing Americans to trade cryptocurrency derivatives, which are not permitted for regular investors. The CFTC complaint also alleges that through 300 “house accounts” directly or indirectly held by CZ and connected compan

Flare Price Prediction 2023-2030: Will FLR Price Hit $0.044 Soon?

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Table of contents What is Flare (FLR)? Flare (FLR) Market Overview Flare (FLR) Current Market Status Flare (FLR) Price Analysis 2023 Flare (FLR) Price Analysis- Keltner Channel Flare (FLR) Price Analysis – Relative Strength Index (RSI)  Flare (FLR) Price Analysis – Moving Average Flare (FLR) Price Prediction 2023 Flare (FLR) Price Prediction – Resistance and Support Levels Flare (FLR) Price Prediction 2024  Flare (FLR) Price Prediction 2025 Flare (FLR) Price Prediction 2026 Flare (FLR) Price Prediction 2027 Flare (FLR) Price Prediction 2028 Flare (FLR) Price Prediction 2029 Flare (FLR) Price Prediction 2030 Flare (FLR) Price Prediction 2040 Flare (FLR) Price Prediction 2050 Conclusion FAQ What is Flare (FLR)? Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetization models. Flar

'Definitely not bullish' — 7% Bitcoin price gains fail to convince traders

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Bitcoin simply hasn't dealt with the worst of resistance in a key trading range for everyone to flip bullish. Bitcoin (BTC) may have erased its Binance “FUD” losses, but popular traders are anything but bullish . Despite gaining up to 7.5% versus its March 28 lows, BTC/USD is causing more suspicion than excitement with its return to local highs. $30,000 stays breaker for bullish sentiment flip In a move which echoes its reactions to previous news events such as the Silicon Valley Bank demise, Bitcoin has recovered snap losses in record time. On March 29, BTC price action hit $28,650 on Bitstamp — just $200 off new nine-month highs. Unlike before, however, the mood among market participants is distinctly risk-off under current conditions. Among them is popular trader Muro, who argued that the bounce came courtesy of large-volume traders and was nothing more than a product of their strategies. “The big guys basically brought price back to their recent short entry (red) by taking p

Bounce Finance Supports Polygon zkEVM

Bounce Finance is thrilled to be the first auction protocol to support Polygon zkEVM, a game-changing technology that combines the security and trustlessness of zk rollups with the convenience of an Ethereum Virtual Machine (EVM). This collaboration is another example of Bounce Finance’s commitment to implementing cutting-edge technologies in order to keep prices low and efficiency high for their users. Polygon, an Ethereum scaling platform, introduced its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta on March 27. The Polygon zkEVM leverages the advanced capabilities of zero-knowledge proofs to significantly reduce transaction costs and substantially enhance throughput, all while maintaining the robust security inherited from Ethereum. Some of the benefits Bounce Finance’s support of Polygon zkEVM includes, but not limited to: Privacy Preservation; Faster Transaction Speeds; Lower Costs. The integration of Polygon zkEVM showcases Bounce Finance’s dedication to adopting

China to upgrade national blockchain standards by 2025

The Chinese government has been proactively pursuing advancements in its blockchain sector and now aims to upgrade its industry development standards by the year 2025. Chinese officials have been actively developing its fintech industry, with a strong focus on blockchain technology, despite their stringent stance on cryptocurrencies. On March 28, the Ministry of Industry and Information Technology (MIIT), a watchdog for the Chinese fintech industry, said it intends to improve standards for its Blockchain technology development by the year 2025. The information comes from a draft of its guidelines published on the ministry’s website, which also calls for public opinion on the matter of Blockchain development from “all walks of life." China plans to have clarification on the level of design for its Blockchain and distributed ledger technology standards system by sometime this year, giving the public until April 28 to make any further input on the draft. This development falls in

Cardano (ADA) Price Prediction: What to Expect in the Next 48 Hours

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The Cardano (ADA) Network experienced a large surge in network activity recently as an incredible 204 billion ADA coins were transacted. This significant spike in transaction volume highlights the growing interest in the smart contract platform. Some investors may be taking profit following the recent uptrend in ADA’s price, which has been a refreshing change from the lackluster performance of the altcoin’s price. One reason for the spike in ADA transactional activity could be the increased adoption of the platform’s smart contract capabilities. More and more projects have opted to develop their decentralized applications on Cardano, which has seen the demand for ADA tokens steadily rising. Cardano (ADA) Current Market Standing Cardano (ADA) is ranked as the seventh biggest project in terms of market cap, according to CoinMarketCap. It experienced a 24-hour price drop of 2.48%, taking its price down to $0.4509 at press time. The Ethereum-killer’s market cap curren

Shiba Inu Consolidates Despite Rising Burn Rate

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The crypto currency market finally calmed down after a few days of increased volatility. This uncertainty in price proved to be beneficial for the industry as most assets pocketed gains. Meme coins made way for Bitcoin [BTC] and other large-cap coins. Currently, Shiba Inu [SHIB] was seen moving sideways contrary to what was expected post the launch of Shibarium. At press time, Shiba Inu was trading for $0.00001055 with a 0.28% daily drop. The asset, throughout the last couple of days, had dipped by 2.37%. The short-term price chart of Shiba Inu suggested that this trend could persist for a while. Source – SHIB/USDT Chart on TradingView As seen in the four-hour chart of Shiba Inu, the bears were slowly settling into their market. The Parabolic SAR indicator formed dotted lines over the candlesticks which further acted as a line of resistance. This blocked the asset from any potential uptrend. The Relative Strength Index [RSI] indicator highlighted that the sellers were cu

Billionaire Bill Ackman on US Banking Crisis: 'I Fear We Are Heading for a Train Wreck'

Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully, our regulators will get this right.” Bill Ackman’s Warning Billionaire Bill Ackman, CEO and portfolio manager of Pershing Square Capital Management, has warned of an incoming train wreck. Pershing Square is a hedge fund management company with approximately $18.5 billion in assets under management. Ackman’s net worth is about $3.4 billion. Commenting on the current banking crisis following the failures of major banks, including Silicon Valley Bank and Signature Bank, Ackman tweeted Wednesday: Consider recent events impact on the long-term cost of equity capital for non-systemically important banks where you can wake up one day as a shareholder or bondholder and your investment instantly goes to zero. Systemically important

Fight Out Play-to-Earn Crypto Selling Fast – Best Crypto to Buy Now?

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Join Our Telegram channel to stay up to date on breaking news coverage Fight Out the innovative gaming platform has acquired $5.8 million ahead of its initial exchange listings on April 5th. There isn’t much time left to invest and benefit massively once it launches on centralized exchanges since its presale is soon coming to an end. Watch the video above to get the entire update on the Fight Out crypto presale, and subscribe to his YouTube channel for more crypto presale updates. FGHT Token Presale – Time is Running Out Fight Out has already raised $5.8 million in the final phase of its token presale. Currently, 1 $FGHT is trading at $0.03330 in the final lap of the presale. There are only six days remaining of the Fight Out presale, so now is the time to take advantage of the early bird pricing and increase your earnings. The development team has stated a great bonus that could be worth up to 67% of the amount of FGHT tokens that investors have already bought. To get this

Ukrainian Startup Promin Aerospace to Send Historical NFTs Into Space

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Promin Aero space is a Ukrainian rocketry startup with backing from Google among others. The company is working with the Meta History Museum to launch into space a collection of artworks about the war with Russia in the form of NFTs (non-fungible tokens). The team recently joined the Bitcoin.com News Podcast to talk about the historical initiative, the ground breaking technology behind it and even what would it take to store the entire bitcoin blockchain in space . Promin Aero space is the world’s primary developer and manufacturer of advanced autophagic rocket propulsion. They’re bringing an entirely new type of rocket propulsion system to the market that will make it possible to create rockets that are at least 2 times more efficient than the current state-of-the-art. The company has received $6.5M of pre-orders for future products and services and has a team of 11 continuously working in their R&D facilities in Dnipro, Ukraine to upgrade the core technology. Misha Rudomin

ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

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A week ago, the Ethereum layer two scaling solution Arbitrum announced the launch of its native token called ARB, and since then IOU markets have launched giving some indication of how much the token may be worth. ARB claiming begins March 23 and when people get their coins on exchanges, the token’s value may turn out to be a whole lot different. At present, ARB has been exchanging hands for $5.41 to $7.92 per unit over the past 24 hours. ARB Token Sees IOU Trade Volume but Market Value May Shift Significantly After Real Tokens Start Trading A new digital asset is entering the cryptocurrency economy after the layer two scaling solution Arbitrum announced the launch of its governance token last week. After the announcement, several centralized cryptocurrency exchanges launched IOU markets that people can trade, but only represent the market value of ARB before its launch. ARB claiming begins March 23 and the Arbitrum airdrop is highly anticipated. The cryptocurrency market price agg

Bitcoin Price Prediction for Today, March 22: BTC/USD Retreats After Touching $28,484

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The Bitcoin price prediction shows that BTC rises in the early hours of today but got rejected as the market ranges. Bitcoin Prediction Statistics Data: Bitcoin price now – $28,239 Bitcoin market cap – $543.8 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $34,000, $36,000, $38,000 Support Levels: $24,000, $22,000, $20,000 BTC/USD may begin to follow the bearish movement if the bears force the king coin to bow down to fresh losses. At the time of writing, the Bitcoin (BTC) is changing hands at $28,239 after adjusting from the resistance level of $28,484 which is an intraday high. Moreover, the Bitcoin price may be vulnerable to losses if the price crosses below the 9-day moving average. Bitcoin Price Prediction: Bitcoin (BTC) Bears May Show Again The Bitcoin price from a technical angle reveals that the market price may fo