Author: News Room
The bears’ pressure remains relevant on the cryptocurrency market, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has declined by 2.53% over the last day. On the hourly chart, the price of ETH might have found a local support level of $3,237. If the daily bar closes far from this mark, the rise may lead to the test of the $3,320 zone tomorrow. On the bigger time frame, the rate of the main altcoin has once again bounced off the $3,214 level. If buyers can hold the gained initiative, there is a chance to see a local rise to…
Coinbase, the largest cryptocurrency exchange in the USA, announced in a statement that the altcoin named Tensor (TNSR) was added to the road map. Assets added to the roadmap today: Tensor (TNSR)https://t.co/rRB9d3hSr2 — Coinbase Assets 🛡️📞 (@CoinbaseAssets) April 5, 2024 Read the full article here
Bitcoin and ether pared losses Thursday, rebounding alongside stocks as the Federal Reserve tried to calm traders with assurances that rate cuts are still coming sometime this year. Bitcoin (BTC) retook $68,000 Thursday, rallying close to 4% in 24-hours after a disappointing start to the second quarter of 2024. Ether (ETH) similarly was on the comeback Thursday, gaining more than 2% to trade just under $3,400 at time of publication, according to Coinbase. The S&P 500 and Nasdaq Composite indexes also turned things around Thursday, gaining 0.7% and 1.1%, respectively, as traders digested Federal Reserve Chairman Jerome Powell’s comments on…
Another twist in the extradition saga of Terraform Labs founder Do Kwon revealed that the forgery convict will not return to his native South Korea just yet. The Supreme Court of Montenegro has revoked the ruling to extradite Terra’s Do Kwon back to his homeland of South Korea following an Appellate Court decision last month. According to today’s filings from Pobjeda, the case will return to the Podgorica High Court in the country’s capital for a new decision. Do Kwon’s extradition to South Korea was overturned by a five-judge panel of the Supreme Court. Montenegro’s Court of Appeal previously found…
Viction is excited to announce a strategic partnership with Cyborg, a pioneering gaming platform in the Ninety-Eight ecosystem. The deal will be transforming the GameFi landscape on Viction and creating new opportunities for game publishers and guilds. Unlike any other game launcher, Cyborg is the first gaming platform on Viction that brings game publishers and guilds together. 🎮 Welcome @GameOnCyborg to our ecosystem!Among GameFi projects on Viction, Cyborg emerges as the first gaming platform that unites game publishers & guilds, offering high-quality games games spanning Web2 to Web3 genres.Read more: https://t.co/h6D4qvEjSo#Cyborg #Viction pic.twitter.com/OI5C7wib7T — Viction (@BuildOnViction) April 5, 2024 Cyborg…
Pepe’s price mirrors the broader market’s corrective phase, finding itself at a critical support threshold. Yet, the narrative from this juncture could take a positive turn, buoyed by investor confidence that remains steadfast. Pepe Investors Hold Steady Despite a 26% drop recently, Pepe’s outlook appears geared towards recovery, driven by investor optimism. This sentiment is captured by the transition of tokens from short-term to mid-term holders, indicating a deeper commitment to holding onto their investments for potential future gains. Currently, an impressive 36 trillion PEPE, valued at over $232 million, has transitioned from the hands of short-term investors—who typically hold…
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining […] Read the full article here
There has been an increase in bank accounts belonging to crypto professionals being frozen or restricted across the UK, US, and EU over the past few months. They say you often don’t care about something until it happens to you; well, this week, it did. To my genuine surprise, it came from the one place I least expected it.Revolut has long been regarded as the most crypto-friendly bank in the United Kingdom, offering in-app crypto purchases and, in 2023, finally adding the ability to send and receive crypto, albeit with certain limitations. However, recent events have called into question the…
SushiSwap’s head chef, Jared Grey, said the ongoing controversy surrounding the protocol’s proposed transition to a Labs model is primarily driven by “former contributors who like to propagate endless FUD and misinformation.”The controversial proposalOn March 26, a proposal titled Evolving Sushi—Burū no Shinka was submitted to allow Sushi to adopt a Labs model to restructure its current organization, enhance operational efficiency, and accelerate protocol development.The proposal pointed out that the protocol’s current governance procedures needed more flexibility to increase its development pace. Consequently, it proposed Sushi Labs as an autonomous administrative, technical, and operational company, or group of companies, tasked with…
Ethereum’s price has been correcting over the past few weeks after setting a local high around the $4,000 mark. While the price is yet to recover, the bull market may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating between $3,000 and $3,600. Following the recent rejection from $3,600, the market is once again targeting the support at $3,000. The Relative Strength Index has also dropped below 50%, as the momentum has seemingly shifted bearish. A break below $3,000 would lead to a potential crash toward the 200-day moving…