Some lawyers are doubtful on whether the latest court decision in the Ripple case should be referred to as a pure victory over the SEC. Source: https://cointelegraph.com/news/ripple-victory-sec-battle-chapter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a […] Source: https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-persistent-downtrend-despite-strong-market-activity/
Whale continues $154M dumping spree with 5K ETH deposit to OKX
Lookonchain wrote that the whale bought 1 million tokens during the Ethereum initial coin offering. Source: https://cointelegraph.com/news/ethereum-whale-deposits-13-2m-eth-okx-speculation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Will Start Converting Monero to USDC on September 2 as Part of Delisting
Following Binance’s February announcement that it would delist Monero (XMR) and its finalization later that month, the exchange has now announced its last steps to get the privacy coin off its platform. In an August 12 blog post, Binance said it will convert the balances of 15 different tokens, including XMR, to USD Coin (USDC) on Sept. 2, 2024. The…
Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels
Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-btc-struggles-amidst-bearish-pressure-eyes-key-support-levels/
Tech giants losing momentum as AI progress disappoints investors
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Source: https://cointelegraph.com/news/magnificent-7-crash-ai-bitcoin-downside-volatility?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
World's largest Bitcoin miner announces $250M raise to buy more Bitcoin
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company. Source: https://cointelegraph.com/news/world-s-largest-bitcoin-miner-250-m-raise-buy-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ether whale buys nearly $13M ETH, but ETH still needs to reclaim $2.7K for the next leg up
The last time this whale address bought the dip, was just before Ether rose from $2,100 to $3,100. Source: https://cointelegraph.com/news/ether-whale-buys-13m-eth-needs-reclaim-2-7k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for its decision on the Venezuelan presidential election bet. El Salvador […] Source: https://news.bitcoin.com/latam-insights-el-salvador-advances-talks-with-imf-despite-bitcoin-allegiance-brazil-passes-first-solana-spot-etf/
Why Bitcoin is still poised to break $74K before end of year
Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns. Source: https://cointelegraph.com/news/why-bitcoin-poised-break-74k-before-end-of-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound