Author: News Room

Cryptocurrency analyst Kevin Svenson is forecasting the path forward for Bitcoin (BTC) over the coming weeks and months. In a new video, Svenson tells his 73,700 YouTube subscribers that higher levels of volatility will ensue if and when Bitcoin surges by nearly 40% from the current level. According to Svenson, once Bitcoin confirms the fourth stage of the parabolic curve pattern on the weekly chart, the levels of volatility will rise. In technical analysis, a parabolic curve pattern has four stages with the fourth phase becoming the launching pad for a breakout towards a higher level that is typically known…

Bitcoin’s price has already gone through a massive rally in the past six months or so, perhaps fueled first by the hype of the spot ETFs in the US and then the actual demand for those products once they went live. As such, the asset broke its 2021 all-time high but faced a massive correction after that. With less than a month until the next halving, an event that typically serves as a catalyst for future price movements, we decided to ask Perplexity – a popular AI chatbot that has access to the Internet in real-time, unlike ChatGPT – whether…

Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $66,200 resistance zone to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price attempted a decent recovery wave above the…

In a significant move towards enhancing Web3 infrastructure, Entangle has announced a notable strategic investment from blockchain incubator Consensys. This investment propels Entangle’s total funding to an impressive $4 million, signaling strong support for the future of decentralized technologies. Earlier this year, Entangle caught the eye of several leading venture capital firms, concluding a private funding round with contributions from Big Brain Holdings, Launch Code Capital, Seier Capital, and Skynet Capital. Consensys’ follow-on investment underscores its commitment to fostering innovative solutions within the blockchain ecosystem. The funding is part of Consensys’ Linea Ecosystem Alliance initiative, which aims to bolster the…

The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives. Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release. Floki Inu Aims To ‘Bank The Unbanked’ Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia, and…

Ethereum (ETH) is undergoing a visibly bullish push, a trend that comes as a shock amid an ongoing probe from a state authority that might double as the United States Securities and Exchange Commission (SEC). At the time of writing, CoinMarketCap data shows that Ethereum has jumped by 13.2% in 24 hours to $3,543.54. This move comes barely 24 hours after news broke that the Ethereum Foundation was under inquiry by the unnamed state authority. While this probe has only led to some minor adjustments on the Foundation’s website, another report from Fortune Crypto outlined that the U.S. SEC has…

Cryptocurrency exchange OKX announced that OKX plans to launch spot trading on its platform for Venom Network’s VENOM Token. OKX to Launch Spot Trading for Venom Network’s VENOM Token Venom Network has had a tumultuous journey. Venom, which initially presented itself as a Layer 1 blockchain platform regulated by the Abu Dhabi Global Market (ADGM), later abandoned its operations in Abu Dhabi and declared its foundation dissolved. In particular, the Venom Foundation had previously announced that it had made a significant investment of $1 billion in Web3 companies with Iceberg Capital. The announcement of OKX’s integration into VENOM spot trading…

Meme coins surged for impressive gains year-to-date, dominating most of the cryptocurrency market’s top performances in 2024. However, the results cooled down in the past week while cryptocurrencies faced a major correction, threatening further losses. Over $230 billion was wiped in a day from March 18 to March 19. The overall sentiment drastically changed from ultra-bullish to slightly bearish, which can put an end to the meme coin’s hype. In this context, Finbold selected two cryptocurrencies to avoid trading next week, among the previously most traded speculative tokens. Pepe (PEPE) Pepe (PEPE) has seen over 500% gains in the last…

The European Securities and Markets Authority (ESMA) finds itself grappling with significant challenges in its efforts to regulate cryptocurrencies promptly. The primary hurdle is Limited resources. Verena Ross, the Chair of ESMA, has openly acknowledged the difficulties her organization faces in meeting regulatory deadlines. This struggle is exacerbated by the mounting responsibilities placed on ESMA, coupled with the constraints of its resource pool. Read the full article here

Amid a wider cryptocurrency market downturn that has seen cryptocurrency prices plunge after Bitcoin ($BTC) hit a new all-time high, the smart contract platform Cardano ($ADA) has been seeing its smart contract development skyrocket. Data from Cardano Blockchain Insights shows a remarkable increase of over 170% in Plutus scripts, the network’s language for building smart contracts, since the beginning of the year.  This translates to nearly 500 new smart contracts being added to the Cardano network per day, as CryptoPotato first reported. The total number now sits at an impressive 39,000, with a particular emphasis on the newer Plutus V2…