Altcoins

The DoJ prosecutors have eliminated five charges relating to fraud, conspiracy, and bribery initially levied against the disgraced FTX founder. In a court filing on Wednesday, June 14, prosecutors with the US Department of Justice (DoJ) told the district judge that they would be proceeding with eight charges in the trial levied against FTX founder Sam Bankman-Fried back in December 2022. The DoJ lawyers also cited a motion filed by SBF in the Bahamas wherein he argued that the 13 charges...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price started a fresh decline below the $0.80 level against the US Dollar. The price is now trading below $0.750 and the 55 simple moving average (4 hours). There is a short-term bearish trend line forming with resistance near $0.675 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin is showing bearish signs and trading below $80 against the US Dollar. LTC price is now trading below $78 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $80.60 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could...

The indicator that displays the general sentiment toward bitcoin – the BTC Fear and Greed Index – dropped to “Fear” territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March. One possible reason behind the trend’s change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some...

Michael Saylor – Executive Chairman of MicroStrategy – believes the regulatory pressure coming from the US SEC could be a bullish factor for bitcoin’s price and increase its dominance above the other digital assets.  The American predicted that many altcoins will be deemed securities and exchanges will delist them. BTC will be among the few to be spared, whereas its market share dominance could spike to 80%, Saylor added.  Bitcoin is ‘Destined’ to Succeed One of the keenest...

Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen’s goals. On June 13th, Horizen, a leading layer 0 public blockchain, announced its strategic partnership with Auros, a global algorithmic trading and market-making firm, to boost the adoption of $ZEN while preparing for the launch of the EON ecosystem. According to Horizon’s...

An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0645 level against the US Dollar. TRX price is now trading below $0.0750 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0728 on the 4-hours chart (data feed via Kraken). The pair could continue to...

Tether announced it will coordinate with a third-party exchange to conduct a chain swap as it wants to convert 750 million USDT from Tron to Ethereum ERC20. The total supply of USDT will not change during this process, as per the firm. A chain swap process entails moving cryptocurrencies from one blockchain to another, which enables traders to obtain access to the various blockchains that support the cryptocurrency they are holding. In general, it allows the use of their...

On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...