Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result,...
Read More »EOS Price Analysis: Bears In Control Below $0.90
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 $0.880 level against the US Dollar. The price is now trading below $0.850 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.851 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair...
Read More »Litecoin (LTC) Price Analysis: Bulls Might Protect $80
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a downside correction from the $95 zone against the US Dollar. LTC price is now trading below $90 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $85 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair...
Read More »Former CFTC Commissioner: Ethereum Has Dual Regulatory Potential as Commodity and Security
Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security. As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them differently based on the regulatory provisions within their jurisdiction. In what seems like an addition to the ongoing talks about the regulatory status of Ethereum, Dan Berkovitz, a former...
Read More »Coinbase Unveils New Wallet as a Service on Ethereum
WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC), according to a Twitter announcement from a software developer at the company. The...
Read More »Tron (TRX) Price Analysis: Rally Could Extend above $0.08
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 $0.0710 level against the US Dollar. TRX price is now trading above $0.0765 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0742 on the 4-hours chart (data feed via Kraken). The pair could continue to move...
Read More »Cardano (ADA) Price Analysis: Bulls Aim Fresh Increase Above $0.38
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price seems to be forming a support base above the $0.355 level against the US Dollar. The price is now trading above $0.365 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.362 on the 4-hour chart (data feed via Coinbase). The price could...
Read More »Ethereum Price Analysis: ETH Aims Fresh Increase Above $1,850
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is eyeing an upside break above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $1,820 on the 4-hour chart (data feed from Coinbase). The pair...
Read More »Stellar Lumen (XLM) Price Could Nosedive Below $0.087
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.0920 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0900 on the 4-hour chart (data feed via Kraken). The pair could start...
Read More »Ripple Price Analysis: More Gains Possible Above $0.47
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a downside correction from the $0.4700 zone against the US dollar. The price is now trading above $0.44 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $0.430 on the 4-hour chart of the XRP/USD pair (data source from...
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