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Mar 31, 2023 at 07:17 // Price Author Coin Idol All cryptocurrency assets are currently trading in the uptrend zone. The uptrend of cryptocurrencies has slowed down at the higher resistance levels. Currently, the altcoins are oscillating around below the resistance levels. We will discuss some of these cryptocurrencies next. XRP The price of Ripple (XRP) has risen above the moving average lines, indicating an uptrend. The historical price of Ripple has been rising since October 10, 2022. After the recent uptrend, XRP is trading at $0.53 today. The altco...

In a recent YouTube video, one of the CryptoBusy channel’s hosts, Tom, elaborated on the five altcoins he expects to dominate the cryptocurrency market in April 2023. Tom believes April would be an exciting month for cryptocurrencies, considering that it will mark the beginning of another quarter, among other factors. Ahead of his prediction, Tom noted some of the developments that have shaped the outcome of the crypto market in March 2023. The dispute between Binance and the CFTC over regulatory issues and the court’s decision over the proposed acquisition of Voyager by Binance topped the factors leading to how the crypto market turned out in March, as identified by Tom. Tom also identified actions by the Federal Reserve targeted at managed liquidity and the collapse of a couple of big mainstream banks as factors that triggered a bullish sentiment in the crypto market. He believes the contagion generated by these factors would have a long-term impact on the crypto ma...

Sam Bankman-Fried, the disgraced CEO who headed the collapsed crypto exchange FTX, has reportedly been using funds borrowed from his bankrupt crypto empire’s sister company to pay his mounting legal fees. Bankman-Fried, who claimed last year that he was down to his last $100,000, has tapped into the millions of dollars that he gifted his father using company funds. According to a report by Forbes, Sam Bankman-Fried’s defense team has come with a hefty price tag, and the former FTX CEO has dipped into a $10 million gift to his father to pay the legal bills. People familiar with the matter revealed that Bankman-Fried sent the massive gift to his father in 2021 using a lifetime estate and gift tax exemption, making it virtually taxless. Interestingly, sources close to the company stated that the funds were derived from a loan that Bankman-Fried received from FTX’s sister firm Alameda Research back in 2021. He is already facing charges related to misappropriating FTX customer f...

Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues. The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes. Crypto exchanges significantly rely on traditional banking systems for customer deposits, which makes them vulnerable to various banking issues, according to Bitstamp USA CEO and global commercial officer Bobby Zagotta. The executive believes that stablecoins — cryptocurrencies whose value is tied to fiat currencies or other assets — could be a solution to crypto’s banking problem. “We are currently discussing how stablecoins can offer us an alternative to traditional banking,” Zagotta said in an interview with Cointelegraph on March 27. He added that stablecoins could potentially unlock new capabilities for the industry, allowing it to look at banking from a new p...

The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle. We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon, stay tuned for details. #IBC https://t.co/eqU8wno43F — Circle (@circle) March 28, 2023 Neither Circle nor Noble gave out a specific date for USDC’s launch on the network, but both said that readers should “stay tuned” for that information. In its announcement, the Noble team said that USDC will be the first “native, fiat-backed stablecoin that is highly liquid and fully collateralized” on a Cosmos IBC connected network. In its view, the introduction of the fiat-backed stablecoin will solve many of the challenges that Cosmos users currently have when trying to bridge assets from on...

President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including the adoption of bitcoin as legal tender. EL Salvador’s ‘New Land of the Free’ Campaign Invites People to Move in With Bitcoin as Legal Tender President Nayib Bukele is inviting people to move to El Salvador. Bukele posted a poster in vintage American style where he depicts a classic American family in a living room, calling his country “the new land of the free,” a motto usually applicable to the U.S. The poster serves to exhibit the achievements that, according to him, his government has reached, principally in the security and monetary policy areas. The poster calls for people to move to El Salvador, explaining that there are “no fentanyl crisis,” “...

The EUL token price of Euler Finance experienced a sharp decline of 26.2% due to the assault on its lending protocol. The crypto community was alerted to the attack by BlockSec, a firm that audits smart contracts. The project suffered a loss of $177 million through four transactions, which occurred one year after a funding round that featured big names such as Coinbase, Jump, and the now-defunct crypto exchange FTX. The crypto market participants were alerted to the attack by BlockSec, a firm that audits smart contracts. The firm initially suspected theft of $8 million, but further Analysis revealed a loss of $177 million through four transactions. Our system monitored that @eulerfinance is being attacked. Please take action!https://t.co/lINtjcN1Un — BlockSec (@BlockSecTeam) March 13, 2023 Moreover, Euler Finance gained attention in 2022 when it secured funding from notable industry players such as Coinbase, the now-defunct exchange FTX, Jump, Jane Street, and U...

Bitcoin price action continues to keep market players guessing as the new week begins. BTC still holds above the $27,000 support and could start a fresh surge if it successfully moves above the $28,150 resistance level. According to a recent Analysis , the king crypto has days to go before commencing a new macro uptrend. Popular trader and analyst Rekt Capital has identified a key monthly close in the making for Bitcoin price in his latest Twitter activity. Notice how #BTC Macro Downtrend Breakout Candles have historically had upside wicks form (yellow circles) This current Monthly breakout candle looks no different$BTC #Crypto #Bitcoin pic.twitter.com/HSzaaXHGfe — Rekt Capital (@rektcapital) March 25, 2023 The post presented an optimistic picture of how the Bitcoin-US Dollar (BTC/USD) trading pair would likely close the month, hence the rhetoric, “Is $31,200 the next target?” Bitcoin price action narrowly mimics previous cycles Although Bitcoin price is havin...

Mar 25, 2023 at 10:18 // Price Author Coin Idol This week, altcoins are moving towards the uptrend. Nevertheless, cryptocurrencies have reached the overbought areas of the market. For the cryptocurrency market to recover, it needs to stay above the moving average lines to continue the rise. Next, we will go over some of these cryptocurrencies. Mask Network The uptrend of Mask Network (MASK) crosses the moving average lines. The $6.50 barrier has effectively stopped the positive trend. As a result, the altcoin has resumed its sideways trend. At the time ...

Olympic champion boxer Oleksandr Usyk partners with a new blockchain-powered tokenized ecosystem platform aimed at supporting aspiring boxers. IBF, WBO and WBA heavyweight boxing champion Oleksandr Usyk has put his weight behind a blockchain platform that aims to tokenize and support the boxing industry. The Olympic gold medalist has teamed up with Ukrainian-based cryptocurrency exchange Qmall to develop the Ready to Fight platform. The browser-based platform makes use of blockchain technology to help boxers tokenize their brands to receive donations and investments as well as a means to deliver exclusive content. Ready to Fight introduces a novel means of supporting and connecting the wider boxing industry. The platform features a tokenomics ecosystem making use of its proprietary RTF tokens. Qmall is using a fork of the Ethereum blockchain to develop the in-house platform. #CRYPTO meets #BOXING! The teams of @usykaa, Lapin, & @QmallExchange unite to revolutionize the boxing in...

Cryptocurrency exchange Binance.US (a subsidiary of Binance) announced on March 23, that they will delist a handful of trading pairs for Binance USD ( BUSD ) citing low trading activity and usage. The low-advanced trading pairs for BUSD include Shiba Inu (SHIB) among various other cryptocurrencies. The delisting of BUSD advanced trading pairs will go into effect from March 29, 2023, at 11 PM Eastern Time (ET). The leading cryptocurrency platform confirmed that deposits and withdrawals will remain available for users. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 “Based on recent trading activity, Binance.US will remove and cease trading for 16 Adv. Trading BUSD pairs on 3/29/23 at 8 p.m. PT / 11 p.m. ET. Please review any trades or open orders that may be impacted. Deposits & withdrawals will remain available,” the tweet read. Based on recent trading activity, #BinanceUS will remove & cease trading for 16 Adv. Trading $BUSD pairs ...

Shiba Inu boasts about hundreds of stories on how early investors turned into millionaires with an average investment of $100. SHIB, which was launched in August 2020 made early holders make millions in less than a year of its inception. The tales of rags to riches from Shiba Inu are aplenty in the markets, giving hope to new holders that they too can replicate the same success. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 Shiba Inu: How Many Millions Could You Make If You Invested $100 In Jan 2021? Shiba Inu was trading at a modest price of $0.000000000077295 (10 zeroes) on Jan. 1, 2021. Therefore, investors could have accumulated 1,293,744,744,161 (1.2 trillion SHIB tokens) for $100 during that time which is a risk-free, reasonable investment. Also Read: Shiba Inu Investor Regrets Selling Early: ‘I Would Have Made $1 Billion’ Source: Coingecko SHIB deleted six ‘zeroes’ in 2021 making investors earn millions in that year. However, i...

Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins. Bitcoin (BTC) has been sustaining above the $25,000 level for the past few days, increasing the likelihood that the bear market may have ended. Generally, in the initial stages of a new bull phase, several analysts remain in a state of disbelief and expect the resumption of the downtrend. Another group of traders continue to wait for the dip to buy at lower levels but the price does not oblige. Finally, the traders sitting on the fence throw in the towel and buy and that is when the correction is likely to happen. Such a pullback shakes out the weak hands and transfers the asset into the hands of investors with conviction. Daily cryptocurrency market performance. Source: Coin360 When a new trend is getting established, certain events tend to cause a knee-jerk reaction but it is unlikely that the trend is reversed. In Bitco...