Author: News Room

Whales capitalized on the recent dip to accumulate Cardano (ADA), leading to a noticeable stabilization in ADA’s price over the last week. This accumulation period coincided with a reduction in short-term traders holding ADA, suggesting a potential decrease in price volatility. Concurrently, the EMA lines for ADA price demonstrate a consolidation pattern, hinting at market equilibrium. Despite this, there’s an anticipation of a golden cross in the near future, a technical signal often associated with bullish momentum. This could indicate a positive turn for ADA’s price, suggesting that the current stabilization might be the precursor to an upward movement. Whales…

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […] Read the full article here

[PRESS RELEASE – London, United Kingdom, March 26th, 2024] In an exciting development for the cryptocurrency community, Scorpion Casino has announced its official listing date on LBank Exchange, slated for April 15, 2024. This partnership marks a significant milestone for Scorpion Casino ($SCORP) as it joins forces with LBank, a globally recognized exchange platform with millions of active users. Exciting Partnership with LBank Scorpion Casino’s upcoming listing on LBank, an exchange celebrated for its robust platform and extensive reach, highlights a strategic move towards expanding its presence across various geographies and connecting with millions of crypto enthusiasts. LBank, with its…

Bitcoin faces a severe liquidity crisis as demand for the digital currency soars to unprecedented levels. According to analysts at CryptoQuant, monthly demand has rocketed from 40,000 BTC at the outset of the year to a staggering 213,000 BTC presently. This surge is attributed to the growing total balance of accumulation addresses, indicating heightened investor interest in securing Bitcoin. Bitcoin Liquidity Crisis Strikes Crypto Market Bitcoin exchange-traded funds (ETFs) in the US significantly contribute to the surge in demand for BTC. These ETFs, excluding GBTC, have seen their BTC balances swell dramatically. Indeed, from February 25 to March 17, their…

Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More information about the partnership is expected to be rolled out in the coming days. Polyhedra Network has confirmed the announcement by expressing their excitement about the partnership. The team has stated that it is looking forward to working with the first Bitcoin security-equivalent L1 based on BitEVM. The Network has also said that they…

The leading cryptocurrency Bitcoin failed to hold on to its ATH of over $73,000 and fell below $61,000 last week, with the impact of outflows in ETFs. While BTC continues its volatile movements after this decline, horizontal movements continue in altcoins. At this point, some investors see these declines as a buying opportunity and make purchases. According to Lookonchain’s post, whales, taking advantage of the decline, accelerated their purchases of ONDO, the RWA token. Accordingly, 3 wallets purchased ONDO worth approximately $8 million from Bybit and Gateio exchanges. “Whales are accumulating RWA token ONDO! Whale “0x56F9” pulled in 6.53 million…

Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Eyes Steady Increase Ethereum price started a decent increase above the $3,550 resistance zone. ETH bulls were…

Shiba Inu (SHIB), the second most popular meme cryptocurrency, has been listed by Bitcoin.com.au, according to a Monday announcement. The exchange, which serves roughly 300,000 customers across Australia, was established back in 2014. This makes it one of the oldest digital asset trading platforms in the country. The exchange offers Bitcoin as well as a slew of different cryptocurrencies, including Aave (AAVE), Basic Attention Token (BAT), Bitcoin Cash (BCH), Compound (COMP), Dai (DAI), Dogecoin (DOGE). Bitcoin.com.au is far from being the first Australian cryptocurrency exchange to list SHIB. As reported by U.Today, CoinJar, the country’s longest-running digital asset exchange, added…

Is XRP on an uptrend finally? Recent chart patterns suggest it might be starting a reversal from its recent lows. As we have previously mentioned on U.Today, a technical move known as the “golden cross” has occurred, where the short-term moving average crosses above the long-term moving average, hinting at potential growth for XRP. Looking at the chart, XRP is trading around $0.63. It has crossed over the 21-day exponential moving average (EMA), an early sign that could indicate an uptrend is forming. If this upward trend continues, we could see resistance tested near the $0.64 mark. Breaking past this…

A flurry of claims about an EU-wide ban on anonymous crypto wallets and transactions has been debunked by industry expert Patrick Hansen. In a lengthy thread on the X social media network, Hansen has explained what the EU’s Anti Money Laundering Regulation (AMLR) actually entails for the industry. Understanding the AMLR’s reach The AMLR, contrary to widespread belief, does not single out cryptocurrency regulations. Instead, it serves as a broad anti-money laundering and counter-terrorism financing (AML/CFT) framework applicable to a range of institutions deemed “obliged entities” (OEs). These entities span financial sectors, including crypto-asset service providers (CASPs). They also extend…