Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental
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Recently, Coinbase CEO Brian Armstrong announced that one million people have joined the ‘Stand With Crypto’ movement as advocates for the industry. This surge in support is seen as a significant milestone, with Armstrong noting that “That’s a lot of voters!” The movement gained momentum particularly after a Whitehouse veto threat, which resulted in 600,000
The recent indictment by the US Department of Justice (DoJ) of Bill Guan, the chief financial officer of Epoch Times, has sent shockwaves through the media industry. The accusations are serious – alleging his involvement in an international money laundering scheme worth around $67 million using cryptocurrency. According to the DOJ, from 2020 to May
Bitcoin, the leading cryptocurrency, has shown significant price volatility in recent days. Despite the continuous inflows into US-based ETFs, the price of Bitcoin plummeted by more than three thousand dollars in just a few hours. This sudden drop has raised questions about the factors influencing Bitcoin’s price movements, particularly in the context of the approval
The Bitcoin price has been hovering around the $71,000 level, showing signs of indecisiveness and uncertainty. This stagnant period often precedes a significant move in the market, but predicting the direction in which the price will head is a challenging task. Crypto analyst Alan Santana has conducted a thorough analysis of the Bitcoin chart to
The objections raised by creditors of the bankrupt cryptocurrency exchange FTX highlight significant concerns regarding the proposed reorganization plan. One of the key issues revolves around the failure to address property rights issues and meet the best interest test as required by the Bankruptcy Code. This omission raises questions about the fairness and legality of
Semler Scientific, a med-tech company based in California, has recently made headlines with its strategic move of purchasing additional bitcoins. The company acquired an additional 247 BTC for $17 million, bringing its total bitcoin holdings to 828, which were acquired for $57 million. This bold investment move aligns with Semler’s corporate strategy and signifies a
The founder of LookIntoBitcoin, Philip Swift, recently pointed out the importance of global liquidity reaching an all-time high. He emphasized that this could be a crucial factor in driving Bitcoin’s price surge in the current bull run. Swift’s analysis revealed that global liquidity had surpassed $94 trillion, approaching the $100 trillion mark. This significant increase
McDonald’s Singapore has taken a bold step into the metaverse with the launch of its digital environment called “My Happy Place.” Developed in partnership with Bandwagon Labs, this virtual space is accessible through the official McDonald’s app and offers a combination of virtual and real-world experiences. The platform is designed to provide users, especially 2023
The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked optimism among long-term holders who have now seen their holdings enter the profit zone. This surge has been particularly evident among US-based investors, as indicated by the positive Coinbase premium. The Coinbase Premium Index (CPI), previously in the negative since May 18, has