According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could lead to a 6,100-point move higher in the price of Bitcoin, which establishes a target of $35,000-$36,000. Such an uptrend would represent nearly 20% gains from the current...
Read More »US SEC Reverses Decision to Officially Define Digital Assets
While enforcement actions have been a focus for the US SEC in the crypto industry lately, some crypto exchanges are now making efforts to expand into other territories. The United States Securities and Exchange Commission (SEC) has taken a step backward by withdrawing from its decision to classify digital assets. The regulator achieved this by removing the first official definition of “digital asset” from its most recent household hedge withdrawal regulations. Notably, the SEC first...
Read More »FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...
Read More »Kristi Noem Crypto Regulation Veto Remains in Place
Not long ago, South Dakota Governor Kristi Noem vetoed a bill that would have paved the way for crypto regulation in her state. It was recently announced that the House of South Dakota has failed to override the veto, and thus digital currency legislation will not be making its way into the state anytime soon. Kristi Noem Is Getting Her Way The bill had initially passed through the legislative branch, though it failed to hold any ground after Noem initiated the veto. The...
Read More »Space Kek #27
Au programme du Space Kek du 4 mai : sujets libres et questions réponses. Venez poser toutes vos questions techniques sur Bitcoin et les dernières actualités. Quand ? – Jeudi 4 mai 2023 à 21h30 Où ? – Sur Twitter Avec @louneskmt, @Loic_Pandul et @TheoPantamis
Read More »Bitcoin et associations villageoises d’épargne-crédit au Congo
Rencontre avec Kevin et Mitch de l’auditoire qui nous présentent des associations de femmes d’épargne-crédit en République Démocratique du Congo. Ils vont nous parler du projet de leur maman qui aide au lancement de ces associations et de la place que Bitcoin peut y jouer. A retrouver sur : parlonsbitcoin.co Egalement sur Youtube, Spotify, Apple Podcasts, Twitter, Telegram et Instagram
Read More »Bitcoin Blvd : Questions libres à Yorick de Mombynes
Réalisation : Bitcoin Blvd
Read More »Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike
Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000. On Wednesday, May 3, the US Federal Reserve announced another 25 basis points rate hike taking the US funds rate to more than 5% for the first time since 2007. In hours after the Fed announced the rate hike, Bitcoin (BTC) made a quick surge of more than 2% taking the price above $29,000. This Bitcoin price surge amid the recovery in the broader...
Read More »Coinbase to Stop Issuing New Bitcoin-Backed Loans via Its Borrow Service
The reason behind the exchange’s decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws. Crypto exchange Coinbase Inc (NASDAQ: COIN) has announced its decision to stop issuing loans through its Coinbase Borrow service where Bitcoin (BTC) has been serving as collateral. Starting from May 10,...
Read More »EOS Price Analysis: Signs of Recovery Above $1.05
EOS price is trading in a bearish zone above the $0.98 support against the US Dollar. The price is now trading below $1.05 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $1.015 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could start a recovery wave if it clears the $1.05 and $1.08 resistance levels. EOS price is struggling below $1.08 against the US Dollar, unlike...
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