Author: News Room
Fantom (FTM) price is in the midst of forming a bullish pattern but despite the rally, it is observing bearish signals. Can the altcoin fight this sentiment and carry on with its potential 102% increase, or will it face a 31% correction soon? Crypto Market Bearish Cues Weigh Heavy on Fantom Price Fantom price has maintained its presence above the $1 mark since the beginning of this week. Considering the historical movement, it seems like the altcoin will likely continue this rally, but broader market cues suggest the opposite. The surge in deposits on the network is a concerning development…
U.S. Securities and Exchange Commission Chairman Gary Gensler used a speech on the “public good” of securities disclosures on Friday to point specifically at the crypto industry as a problem area. Gensler, whose tenure atop the agency has been marked by a legal crusade against what he argues is a largely noncompliant industry, suggested that digital assets businesses are among those seeking to “whittle away at the SEC’s disclosure regime,” which requires companies to register securities and provide information to investors about them. “There are participants in crypto securities markets that seek to avoid these registration requirements,” he said in…
In his prepared remarks for the Columbia Law School conference, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler emphasized the importance of mandatory disclosure in protecting investors and promoting market efficiency, especially in the context of cryptocurrency markets. Gensler began his speech by expressing his personal views, which do not necessarily represent those of his fellow SEC Commissioners or staff, setting a tone of individual conviction on the issues discussed. Gensler’s remarks were part of a tribute to Jack Coffee, a prominent figure in securities law, highlighting the foundational principles of the federal securities laws established by President Franklin…
Analysts have notably increased their price target for Bitcoin (BTC), citing a surge in technological innovations as a pivotal catalyst. As Bitcoin establishes new benchmarks, the financial ecosystem attentively observes the transformative impact of Layer 2 (L2) solutions on the cryptocurrency’s scalability, security, and decentralization. Tech Advancements Will Push Bitcoin Price Muneeb Ali, the CEO of Trust Machines, has played a crucial role in advocating for Bitcoin’s L2 technologies. He is confident that Bitcoin’s scalability challenges are on the cusp of a revolutionary breakthrough thanks to these L2 solutions. This development aims to enhance Bitcoin’s transactional efficiency. It also represents…
Argentines are increasingly turning to online side jobs to have an additional crypto-based income. According to the local press, students who have lower incomes and are affected by the adverse conditions of the national economy, are the ones who are commonly getting into these jobs with foreign companies or platforms that pay in crypto. Argentines […] Read the full article here
The decentralized finance ecosystem in XRP, managed by its decentralized network XRP Ledger (XRPL), has progressed after adopting the automated market maker(AMM) functionality. Per a post on X (formerly Twitter) by XRPScan, the first AMM liquidity pools were created just a few minutes after the AMM features went live. Some pools now hold hundreds of millions of tokens, supporting pairs such as XRP/USD and XRP/BTC. AMM is now live on XRPL mainnet! First few pools are rolling in 😀 – https://t.co/RR0LsMcvEG pic.twitter.com/epnT2QESzS — XRPScan (@xrpscan) March 22, 2024 Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices…
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs). According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation. This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume. The ETF Influence And Market Movements This analysis emerges amid a period of significant financial activity for Grayscale, which has seen substantial outflows, described by Balchunas as experiencing a “second…
Vanar, a prominent technology company, has announced a groundbreaking partnership with the National Incubation Center (NIC) Karachi. It aims to catalyze the emergence of Web3 talent in Pakistan. This strategic partnership aims to build an ecosystem for future developers through educational programs, workshops, and networking. Last week, Vanar partnered NVIDIA which boosted its token price. NEW STRATEGIC PARTNERSHIP! 🚀We’re joining forces with National Incubation Center Karachi to empower a new wave of Web3 talent in Pakistan. Our mission? To craft an ecosystem nurturing the next-gen of developers through seminars, workshops, and more! pic.twitter.com/98ZcxV2jM0 — Vanar (@Vanarchain) March 22, 2024 Vanar…
DWF Labs, a well-known market maker in the cryptocurrency market, has reportedly deposited all BEAM altcoins to Binance. DWF Labs moved all of its assets worth 130.8 million BEAM ($4.31 million) to the stock market at $0.03296. Interestingly, just a week ago, on March 15, 2024, DWF Labs had withdrawn these BEAM tokens from Binance at an average price of $0.03631 ($4.75 million). If the firm’s transfer transactions were indeed trades, the company would suffer an estimated loss of $439,000, a decline of 9.23%. This marks the first loss for DWF Labs following the market rally in February. In other…
As the majority of the cryptocurrency market resumes its upward move, Ethereum (ETH) is among the assets leading the charge, and artificial intelligence (AI) platforms see more bullishness and advances for the largest altcoin by market capitalization in 2024. Indeed, Ethereum has skyrocketed almost 10% in the last 24 hours, as it moved to recover from the recent hiccup that saw it accumulate a decline of over 11% on its weekly chart, and advanced AI forecasting algorithms predict further improvement by the year’s end. Ethereum price prediction 2024 Specifically, one of these AI algorithms, which relies on historical ETH trends,…