In the volatile landscape of cryptocurrency trading, the ability to critically analyze price movements is paramount for investors seeking to navigate potential market shifts. Recently, a notable discussion emerged around Bitcoin’s price rejection just below the psychological barrier of $100,000. An analysis by crypto expert TradingShot illuminates the complexities underlying this phenomenon and offers valuable
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Cardano’s ADA has recently captured the attention of investors, with a remarkable 180% price surge over the past month. This meteoric rise saw the token briefly surpass the $1 mark, a psychological barrier for many traders. Currently, the price fluctuates around this level, suggesting a significant transformation in market sentiment. A defining characteristic of this
In an innovative move designed to promote sustained user engagement, W-Coin, a popular tap-to-earn game on Telegram, has implemented an inactivity penalty that notably impacts airdrop rewards. This new rule signifies the game’s commitment to fostering an active community while potentially reshaping user behavior and incentives within the gaming ecosystem. Under the announced mechanism, users
In an alarming development for Binance, a prominent cryptocurrency exchange, former executive Amrita Srivastava has leveled serious accusations of retaliatory dismissal. These claims arise from her allegations of a bribery scheme involving a former colleague. Srivastava, who was part of Binance’s London team, has recounted her experience of being let go after she raised these
In a strategic bid to cement its position as a premier financial and cryptocurrency hub, Hong Kong has initiated a proposal to implement tax exemptions specifically targeting hedge funds, private equity funds, and high-net-worth family offices. This initiative, reported by the Financial Times on November 28, is articulated in a comprehensive 20-page government document. The
Bitcoin, the leading cryptocurrency, continues to grapple with the monumental barrier of the $100,000 threshold. This pivotal marker is not just a figure in a chart; it holds psychological significance for investors, shaping their trading strategies. Recently, Bitcoin experienced a near-miss, falling short of this target by a mere $500 on November 20. Following this
The cryptocurrency market, particularly Bitcoin, has always been a subject of intrigue and speculation among investors. Recent trends have raised serious concerns about its stability, particularly as the global M2 money supply shows signs of decline. Understanding these dynamics is crucial for any investor aiming to navigate the often-turbulent waters of crypto investment, especially in
Celo, a significant Layer-1 blockchain known for its mobile-first approach to achieving financial inclusion, is at a pivotal point in its development. The excitement surrounding Celo’s impending migration into the Ethereum Layer-2 network, which operates within Optimism’s Superchain framework, has recently shifted to unease. Following Coinbase’s announcement on November 27 that it would not support
In a significant stride towards validating cryptocurrency as a mainstream financial asset, Bitwise Asset Management has recently proposed a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This proposal is anchored in Bitwise’s existing 10 Crypto Index Fund, which reflects an increasingly strategic approach to digital assets in the investment arena.
In a decisive move that underscores the rapidly changing dynamics of the cryptocurrency industry, Kraken has announced the imminent closure of its NFT marketplace. This strategic shift is not merely a reaction to immediate market pressures but is indicative of a broader re-evaluation of priorities in the crypto space. Kraken, one of the foremost players