Author: News Room

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH…

HKbitEX, known formally as Hong Kong Digital Asset Trading Group Co., Ltd., was granted preliminary approval for a Virtual Asset Trading Platform (VATP) license by the Hong Kong Securities and Futures Commission (SFC). This approval encompasses Type 1 (securities trading) and Type 7 (automated trading services) regulated activities under the Securities and Futures Ordinance (SFO). With this in-principle nod, HKbitEX is set to enhance the virtual asset trading landscape, offering both automated and over-the-counter trading solutions for digital currencies such as Bitcoin and Ethereum according to a press release by the firm. This move also paves the way for the…

Shiba Inu (SHIB) bounced back from $0.00002367 to $0.00003262, showing a 37.8% increase in a week, driven by Bitcoin’s rebound. SHIB formed an ascending channel pattern, indicating potential for sustained uptrend towards $0.000032 and possibly $0.000035 and higher. SHIB’s Commodity Channel Index (CCI) at 53.10 on the daily timeframe suggests room for growth. Resistance lies at $0.00003487, with further targets beyond. Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has shown remarkable resilience and potential for a more substantial rally after recovering from its recent bottom at $0.000023. SHIB dropped to $0.00002367 on March 20 amid the broader market’s collapse, coinciding…

Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars. The U.S. Department of Justice successfully presented a case holding him responsible for FTX losing billions of customer and investor funds during its operation, saying he personally made decisions that led to the exchange’s 2022 bankruptcy. His attorneys requested no more than 6 1/2 years in prison, while prosecutors recommended 40 to 50 years in sentencing memos leading up to Thursday’s…

Web3 gaming app, Munchables, announced on March 27 that an individual who exploited the system agreed to return the stolen funds without a ransom demand. This announcement came just hours after a former developer siphoned off more than 17,400 ethereum coins by gaining access to the Munchables lock contract. Distribution of Blast Rewards Set to […] Read the full article here

Quick Take The Ethereum (ETH) to Bitcoin (BTC) exchange rate, currently trading slightly above 0.05, has utilized this support level for the past six months. This enduring stability at the support level may indicate an impending alteration in market dynamics. Historically, Ethereum has closely tracked Bitcoin’s market movements. However, this correlation has weakened in recent weeks, now standing at 0.85. Since April 2023, the ETH/BTC ratio has declined by 25%, highlighting Ethereum’s relative underperformance. This shift is mainly due to the success of Bitcoin ETFs. A chart from Glassnode illustrates the BTC-ETH Dominance metric, which monitors overarching trends in market…

SubQuery Network is a pioneer in decentralized web3 infrastructure. It recently passed a major milestone which is crucial to its network evolution. As a result of this, it has become an open, permissionless platform for all. Moreover, it allows easy access to decentralized indexed data and RPC endpoints. Earlier, SubQuery announced partnership with Stargaze to improve its NFT marketplace experience. SubQuery Network to Remove Publishing Restrictions to Foster Diversity This update makes SubQuery smooth and uninterrupted. Additionally, users can quickly create a Flex plan for their favorite RPC network with a production-ready API key. Customers can pay with SQT tokens…

Charles Gasparino, a Fox Business reporter, has issued a warning to XRP holders. He suggests that Ripple’s ongoing legal challenges could affect their wealth. As per Gasparino’s post on the X social network, XRP investors stand to suffer financial losses. He derives this from the uncertain victory of Ripple in the legal war against the SEC. Read the full article here

OKX’s global chief compliance officer, Patrick Donegan, left in January after just six months in post. Donegan, whose responsibilities included anti-money laundering, managed a team of 300. The global chief compliance officer and head of anti-money laundering efforts for OKX, Patrick Donegan, left his role at the second-largest cryptocurrency exchange after just six months in the job, according to his LinkedIn profile. Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with “skills in creating policies and…

Amidst the domination of altcoins such as Ethereum, Solana, Cardano, and many more, investors tend to miss out on some of the lesser-known cryptos. Thus, BeInCrypto has analyzed such cryptocurrencies, which might not be at the top of the list but are still expected to run up in the coming weeks. Aptos (APT) Is Set to Go Big Aptos price has surprised the entire market with its recent rally, which brought it closer to breaching the previous all-time high (ATH) of $20.4. APT now stands less than 12.5% away from pushing through and charting new ATH. The bullish trend is…