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European central banks are uniting to challenge Bitcoin, using regulatory and environmental narratives to sway public opinion. Despite regulatory pressures, Bitcoin’s resilience is evident, with support from major firms and research highlighting its potential. Elon Musk’s halt on Bitcoin transactions for Tesla in 2021 marked a turning point, amid intensifying debate on crypto’s environmental impact. In 2021, a significant turning point for Bitcoin and the broader cryptocurrency market unfolded when Elon Musk announced that Tesla would halt Bitcoin transactions amid increasing media scrutiny of Bitcoin’s carbon footprint. As per Daniel Batten, Co-founder of CH4 Capital, this decision was underscored by environmental concerns. It was pinpointed by crypto analyst @woonomic as a pivotal event in stalling Bitcoin’s bull run, compared to the regulatory crackdown in China at the time. In 2021, Elon Musk, believing print media reports on Bitc...

Jan 31, 2024 at 07:33 // Price Author Coin Idol The price of Ethereum (ETH) rebounds and rises to a high of $2,322 below the moving average lines. Long-term analysis of the Ethereum price: bearish The uptrend hits a first barrier at the 50-day SMA and resistance at the high of $2,300. On the upside, Ethereum will resume an uptrend if buyers push the price above the moving average lines or the $2,400 resistance level. If buyers succeed in doing so, the cryptocurrency will rise to highs between $2,500 and $2,600. In the last price action, Ether rose to ...

Two noteworthy crypto analysts have spotted similarities that point to XRP repeating the price explosion that captivated markets five years ago. The potential return awaits a symmetrical triangle breakout that could launch imminently. A recent report directs attention to historical price patterns and momentum indicators growing increasingly bullish for the embattled token following a lengthy consolidation period plagued by sharp underperformance. One market observer highlighted that XRP carved an almost identical multi-year triangle after its 2013 peak and ensuing bear trend. That structure held XRP rangebound before a violent 2017 upside resolution added four zeros to its price. Also read: Ripple: When Can XRP Hit $394 To $594 Range? #XRP – monthly close is Wednesday! Currently looking at the Symmetrical Triangle & MACD Last time we were w/in a Symmetric Triangle, MACD crosses above 0 which cause the breakout w/PARABOLIC MOVE! All I know is 2024 will be the year!...

The Bull Token price has pumped by 118% over the last 24 hours and 912% in a week to hold a spot price of $0.000000006736 as of 10:00 a.m. EST. Bull Token Price Prediction Looking at 15-minute BULL/USD charts,  we can spot a significant uptrend where the price peaked, followed by a downtrend. The red candles indicate a period where sellers are dominating, and the price is declining. There was a noticeable spike in volume coinciding with the price peak as seen from a 180% increase in trading volume within the last 24 hours, which is often indicative of a climax or blow-off top. This can sometimes signal a reversal when it occurs at the end of a prolonged price increase. The price has moved from the upper band, suggesting it was overbought, to breaking through the middle band (the moving average), which could be a bearish signal. If the price continues to move down towards the lower band, it could indicate a continued downtrend. The MACD line (blue) is below the signal line (or...

As Bitcoin (BTC) enters a brief bullish phase, attention is now focused on its ability to sustain these gains in the upcoming months. Supported by significant factors such as the recent approval of a spot Bitcoin exchange-traded fund (ETF) and the forthcoming halving event, analysts are making confident predictions regarding the asset’s future. Current Status of Bitcoin Following a promising start to 2024, Bitcoin encountered selling pressure but successfully maintained levels above $43,500. Despite these challenges, the crypto currency continues to generate interest and optimism among analysts. The recent approval of the spot Bitcoin ETF is perceived as a long-term driver. The impending halving event further reinforces the prevailing bullish sentiment. However, at press time, BTC was trading at $42,038.97 with a 2.64% daily surge. PlanB’s Striking Forecast PlanB, renowned for the Stock-to-Flow (S2F) model, recently unveiled a prominent prediction for Bitcoin’s p...

BlackRock and VanEck have started advertising campaigns for its spot Bitcoin ETFs on Google, as its previously announced ad policy update took place today.  For the first time in five years, Google has opened its extensive advertising network to specific crypto -related offerings, notably the newly introduced spot Bitcoin ETFs. This marks a notable change from the company’s stance in March 2018, when it, alongside Facebook, banned crypto currency-related advertisements. The ban was widely interpreted as a precaution against the increasing number of scams associated with the crypto sector. Bitcoin ETF ads on Google You might also like: Bitcoin back at $43k, BlackRock’s BTC ETF volume closes in on GBTC Back in December, Google announced that it would allow advertisers in the U.S. to promote crypto currency coin trusts on its platform starting Jan. 29. The tech giant emphasizes compliance with local legislation, underscoring that all advertisements must adhere to th...

According to John Deaton, Coinbase could claim a massive regulatory advantage over the SEC in ongoing litigation. Deaton explained that the SEC backtracked on its original decision granting Coinbase an accelerated IPO. The lawyer believes a victory for Coinbase will be significantly detrimental to the SEC. According to renowned crypto lawyer John Deaton, Coinbase could claim a massive regulatory advantage, depending on the outcome of its ongoing case versus the U.S. Securities and Exchange Commission (SEC). Deaton observed that during an interview with the Discover Crypto YouTube channel hosts. The renowned lawyer explained the details of the case, noting how the SEC backtracked on its original decision granting Coinbase an accelerated IPO. He believes a victory for Coinbase will be significantly detrimental to the SEC. However, he thinks a victory for the SEC would negatively impact the entire crypto industry. Deaton noted that the ongoing litigati...

Shiba Inu (SHIB) has had a difficult start to the new year. The popular memecoin is down by 2.1% in the last 24 hours, 6.7% in the 14-day charts, and 13.6% over the previous month. Since January 2023, SHIB’s price has fallen by more than 24%. The asset took a hit after the recent crypto market sell-off, likely due to investors selling their Grayscale GBTC shares. Source: CoinGecko Also Read: Shiba Inu: When Can SHIB Reclaim its All-time High of $0.000086? However, despite the recent correction, SHIB’s price may rally over the next few days. AI predicts Shiba Inu’s (SHIB) price for February 1, 2024 According to PricePredictions’ machine learning algorithm, SHIB’s price may surge to $0.000011 on February 1. The price rise would translate to a growth of about 21.4% from current levels. Furthermore, PricePredictions anticipates SHIB to continue rallying till at least February 17. Source: PricePredictions Changelly, on the other hand, predicts Sh...

A recent report states that FTX has initiated offloading its crypto assets in a bid to repay its customer funds. FTX has amassed $4.4 billion in cash by the end of December 2023. The platform is also conducting Bitcoin derivative trades to hedge exposure to the coin. A recent Bloomberg report unveiled that the ruined crypto exchange, FTX, has been struggling to reimburse its customer funds following the debacle. As a resolution to amass money, FTX has begun offloading its crypto-related assets to pay back its customers. Previously, in 2022, the crypto industry saw the massive fall of the crypto giant FTX, triggering a long crypto winter. While the platform owes billions of dollars to its customers, over the past months, FTX has been looking for ways to repay them. In August 2023, FTX introduced a draft creditor-repayment plan, envisioning to settle its customer claims in cash. In addition, the firm has also shared its plans for restarting the FTX as FTX.com, ma...

Shiba Inu (SHIB) is down by almost 90% from its all -time high of $0.00008616, which it attained on Oct. 28, 2021, over two years ago. Since its October 2021 peak, SHIB’s price has been on a downward trend. Moreover, while other significant projects had a lucrative year in 2023, SHIB’s price took a backseat despite a layer-2 network launch. Also Read: Shiba Inu vs. Dogecoin: ChatGPT Predicts 2024 Winner However, SHIB fans, collectively called the SHIB Army, are still in pursuit of reclaiming the all -time high. When will Shiba Inu (SHIB) reclaim its all-time high of $0.00008616? According to Changelly, SHIB could reclaim its all -time high of $0.00008616 sometime in August 2029, over five years from now. The analysts at Changelly look at an asset’s past performance and predict its future price. Telegaon, on the other hand, is more optimistic about Shiba Inu’s (SHIB) performance. The platform anticipates SHIB to reach its all -time high in 2026. H...

Meme cryptocurrency Dogecoin (DOGE) is currently experiencing short-term buying pressure, partly capitalizing on the overall market’s attempt to exit the recent bearish scenario.  Recent gains by DOGE position the token to potentially surpass Avalanche (AVAX) in market capitalization. At present, Dogecoin boasts a market cap of $11.32 billion, securing the 10th spot, while Avalanche holds the 9th position with a market cap of $11.74 billion, a difference of $420 million.  Dogecoin is striving to reclaim its position after losing ground to AVAX in December. Considering the market cap difference between the two, attention is focused on DOGE’s ability to sustain buying pressure and potentially flip AVAX. Dogecoin price prediction Examining the price of DOGE reveals that the token has traded in a narrow range between $0.70 and $0.08 in recent weeks, indicating a consolidation phase where both bulls and bears await a catalyst to break the stalemate. Cr...

Mark Scott, a lawyer for the OneCoin cryptocurrency pyramid, was found guilty of two criminal charges. Both are related to bank fraud and money laundering. The U.S. District Court sentence d Mark Scott to 10 years in prison . He is accused of laundering $400 million received from OneCoin. Scott: I have sympathy for OneCoin's victims . Judge Ramos: I sentence you to ten years — Inner City Press (@innercitypress) January 25, 2024 From 2014 to 2016, the OneCoin project earned almost $4 billion. Its native token creators called it a cryptocurrency similar to Bitcoin (BTC) in its structure. Co-founders Ruja Ignatova, the “crypto queen,” and Carl Sebastian Greenwood promoted OneCoin through an MLM network. Later, it turned out that the project was a financial pyramid. However, Scott’s lawyers repeated throughout the trial that their client did not know about OneCoin’s fraud. The prosecution alleged that Scott created an investment fund to process Ig...

The Avalanche Foundation says it is funding select memecoins, non-fungible tokens (NFTs) and other similar crypto assets through its Culture Catalyst program. In 2022, the non-profit organization behind the layer-1 blockchain Avalanche (AVAX) launched the Culture Catalyst initiative to support community coins created for culture and engagement. In a new statement, the foundation says it has finally established the eligibility requirements for community coins seeking to receive funding from the $100 million program. “The eligibility criteria are designed to identify community coin projects that show stability, growth potential, and a commitment to fair practices in the crypto world.” Avalanche says eligible coins must have at least 2,000 unique holders, a total liquidity of at least $200,000 or equivalent, a minimum of 50 liquidity providers, a fully diluted market capitalization of $1 million or greater and an average daily trading volume of at least $100,000 on...

TIA’s dip to $15.63 signals a 5.03% drop in 24 hours, positioning Celestia at 34 with a $2.5B market cap. MACD’s bullish crossover suggests potential upward momentum for TIA, while Aroon indicators favor an uptrend. Celestia’s MFI signifies a balanced market, indicating sustainable growth and investor confidence in TIA amidst market volatility. Celestia has emerged as a significant player, particularly noted for its innovative approach to blockchain architecture. Its native token, TIA, currently valued at $15.63, reflects a recent downturn after peaking at around $20 in early 2024. This decline, a 5.03% in the past 24 hours, positions Celestia at the 34th rank with a market cap of $2.5 billion. If the bearish pressure persists and breaks the intra-day low of $15.60, TIA’s next support level could be around $15.40. However, if Celestia can regain momentum and break above the resistance level of $16.00, it may see a bullish come back tow...

Hardware wallet provider Trezor has explained the malicious email s sent to its users. In a post to X, Trezor explained that it had discovered an unauthorized email impersonating the Trezor team from a third-party email provider it uses. The malicious email , sent from the address “[ email  protected],” asks users to upgrade their “network” or face the loss of their funds, providing them with a malicious link leading to a web page where they must enter their seed phrase. Security Alert We've detected an unauthorized email impersonating Trezor sent from a third-party email provider we use. If you received a suspicious email with the subject line 'Assets undergoing upgrade' from the ID: [ email  protected], please do not click any links or… pic.twitter.com/RqQnQkB4hX — Trezor (@Trezor) January 24, 2024 Trezor found that an unauthorized person had accessed the newsletter subscriber email address database and used a third-part...

As of writing, XRP sits in the 6th position among all cryptocurrencies ranked by market cap. In a highly dynamic ecosystem, capital comes and goes, flowing between the projects, in and out of the crypto market. Currently, XRP is valued at $28.028 billion in a $1.516 trillion market, holding 1.85% of this total. The token’s unitary price is $0.517, with a 54.339 billion XRP circulating supply. In the meantime, supply and demand constantly move the asset’s price up and down, flowing from one cryptocurrency to another. Bitcoin (BTC), for example, dominates the total crypto market cap by around 51%, with nearly $785 billion in capitalization. If only 1% of the total valuation moved to Ripple’s token, its market cap would increase by $15.16 billion to $43.188 billion. Therefore, XRP could go as high as $0.794 while its circulating supply remains unchanged. Cryptocurrency Uphold's top researcher declares start of major crypto bull market Technology ...

Crypto asset manager Grayscale has come under fire after bitcoin saw a significant decline in the wake of the Securities and Exchange Commission’s (SEC) decision to green-light 11 spot bitcoin ETFs earlier this month. It was hoped that the SEC’s decision would see a bitcoin price pump. However, Wall Street’s “buy the rumor, sell the news” adage was once again proved right and instead of pumping, bitcoin has sold off 15% since pre-approval highs. The Grayscale Bitcoin Trust (GBTC) was the first scapegoat in sight. Once the world’s largest hoard, it consistently amassed bitcoin for a decade before it turned into a top bitcoin seller overnight. According to venture capitalist Adam Cochran, GBTC could theoretically sell bitcoin for weeks to come. Indeed, using a simple extrapolation of GBTC’s trailing rate of sales, Cochran noted that it could sell every day through mid-March . At the current pace of selling, $GBTC still has enough assets to do this for another 60 days str...