Author: News Room
Savvy commodity trader Peter Brandt has posted another Ethereum-themed tweet. This time, however, it was not so harsh as the one the trader posted earlier today when he labelled ETH a “junk coin.” The legendary trading expert tweeted that since he is a chart-based swing trader, believing ETH to be junk would not stop him from “taking a leveraged long position in ETH if the charts so indicated.” A chart is a chart, he added. As a post note, I am a chart-based swing trader. I would not hesitate taking a leveraged long position in $ETH if the charts so…
Hong Kong’s financial regulator has issued a warning to the public regarding an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization. The Securities and Futures Commission cautioned investors against trading on Sure X, highlighting the risks of potential losses due to platform failure, hacking, or misappropriation of assets. Sure X is a virtual asset trading platform operating under various names, including Sure Bit International Pte Ltd / Sure Bit International Ltd. The SFC warned that investors might still find ways to access Sure X’s websites and trading platform despite appearing to be…
XRP has shown a remarkable increase in its market value, breaking through its previous resistance points with significant force in the last few hours. The cryptocurrency, which has been experiencing fluctuations and leading to a sideways market trend over recent days, has now seen a notable rise. The XRP price has risen by 4%, reaching a price point of $0.6023. Read the full article here
In a recent development in the ongoing battle between the banking sector and crypto entities, Gabor Gurbacs, an advisor at Bitcoin ETF issuer VanEck, joined the fray. He called for action from policymakers against what they perceive as discriminatory practices by US banks. The catalyst for this call to arms was a statement by Caitlin Long, CEO and founder of Custodia Bank, which is engulfed in a legal fight against the Federal Reserve. Read the full article here
JPMorgan has projected a confident stance regarding the US Securities and Exchange Commission’s (SEC) eventual green light for spot Ethereum exchange-traded funds (ETFs). Despite earlier this year giving a no more than 50% chance for approval by May, optimism persists within the firm. Ethereum ETF Approval Odds Improve Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, expressed that a delay beyond May could trigger a litigation process akin to previous legal battles involving Grayscale. He anticipates the SEC could face a defeat in such litigation. This could pave the way for the eventual approval of Ethereum ETFs, albeit…
PRESS RELEASE. Singapore, April 5, 2024 – During this crucial period for the crypto industry, ICB Crypto Services is ready to announce the early launch of the Ideal Cooperation Blockchain (ICB) Network. Designed by the sophisticated ICB Labs, the ICB Network introduces a promising Layer 1 blockchain project that was created to update the standards […] Read the full article here
PayPal just rolled out a new service that allows users to fund their cross-border money transfers using PayPalUSD (PYUSD), the US dollar-pegged stablecoin that the online payments giant unveiled in August last year. In a new statement, PayPal says that US users of remittance provider Xoom can now convert the PYUSD in their PayPal account to US dollars and use this as a funding source to send money to friends and families in approximately 160 countries. When a user selects the new funding option, Xoom will convert the PYUSD in the linked PayPal cryptocurrency hub to USD without a crypto…
A top-100 altcoin has more than doubled up during the last week as it announces a host of new partnerships and features. New data reveals that Core (CORE), a layer-1 blockchain that leverages the advantages of Bitcoin’s (BTC) proof-of-work network, has skyrocketed over the last seven days. On March 29th, CORE was trading for $1.07. However, on April 1st, it shot up to $4.10, a staggering 283% gain. However, CORE has since retraced and is trading for $2.75 at time of writing. Earlier this week, CORE’s decentralized autonomous organization (DAO) announced the addition of two features to the blockchain –…
The founders of analytics platform Glassnode believe Bitcoin (BTC) is gearing up for a much bigger move to the upside. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that Bitcoin appears to be forming a bullish pattern amid a market correction. However, the analysts say the correction could continue over the short term. “Triangle thesis gaining strength! While there is little doubt that the ongoing pattern developing in BTC is correctional, there has been some doubt on which pattern is developing. With the price developments over [Thursday and Friday],…
The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75% According to the latest data from Dune Analytics on April 4, over 75% of “non-vote” Solana transactions failed, marking the highest negative rate recorded. This increase in transaction failures has been accompanied by a growing outcry from Solana users on social media platforms, who are…