Crypto news

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Bitcoin has recently experienced a strong bullish reversal from a critical support zone, defined by the 0.5 and 0.618 Fibonacci levels. BTC is now approaching the 100-day moving average at $61.6K, where it may encounter significant selling pressure, suggesting a potential short-term consolidation. Technical Analysis By Shayan The Daily Chart A closer examination of Bitcoin’s daily chart reveals that after a decline toward the key support zone between the 0.5 ($56.3K) and...

Ripple has found strong support within a critical price range, defined by the 100-day and 200-day moving averages, experiencing a significant bullish rebound. However, the asset is anticipated to continue rising toward the key resistance level at $0.64, where selling pressure may temporarily slow the upward momentum. XRP Analysis By Shayan The Daily Chart An in-depth analysis of Ripple’s daily chart reveals that it encountered substantial buying pressure at a key support zone...

The U.S. Department of the Treasury has imposed sanctions on Cambodian businessman Ly Yong Phat and his businesses, including his conglomerate L.Y.P. Group and the O-Smach Resort. This move, disclosed on Thursday, stands in response to their roles in human trafficking and forced labour as connected with cryptocurrency fraud. The penalties have been imposed to prevent and curtail human rights abuses and other related offenses. OFAC of the Treasury said that Ly Yong Phat businesses engaged in...

A consumer watchdog has warned about the lack of transparency Tether exhibits in confirming the reserves backing its stablecoin and it ignoring the amount of crime USDT facilitates. Non-profit organization Consumers’ Research has released a warning to alert the crypto community and everyone else of Tether’s lack of transparency in revealing the reserves backing its USDT stablecoin. This report comes after S&P Global rated it 4 out of 5 after a risk assessment, with 5 being the worst...

If the new regime takes effect, the SFC will collaborate with the C&ED to oversee OTC services in Hong Kong. Financial hub Hong Kong looks to introduce a new regime for over-the-counter (OTC) virtual asset trading services as the Securities and Futures Commission (SFC) conversed with multiple ‘industry participants.’ Should the jurisdiction proceed in that direction, the SFC will work with the Customs and Excise Department (C&ED) to better regulate the crypto industry. A proposal...

Bitdeer (NASDAQ: BTDR) has announced a forthcoming auction for used mining equipment on its official website. The auction will feature a total of 2,880 used Antminer S19 units from Bitdeer’s Norway mining datacenter. The starting price for the auction is set at $270,000. The auction will include two types of Antminer S19 models: the Antminer S19-95T and the Antminer S19-90T. Among the total units, 2,132 are Antminer S19–95T, while 748 are Antminer S19–90T. The auction starts on September 24,...

Crypto whales are making waves again, and this time, they’ve set their sights on a promising altcoin that could follow in the footsteps of Bitcoin (BTC). As investors search for the next big opportunity, one rising Ethereum token has captured their attention – ETFSwap (ETFS). With its innovative utilities and a low presale price of $0.03846, smart investors are moving quickly to secure their shares before the ICO window closes. Could ETFSwap (ETFS) be the next million-making opportunity,...

DeFi Saver, a leading platform in decentralized finance (DeFi) management, has announced its integration with Sky Protocol, marking a significant milestone in the DeFi sector. This upgrade is scheduled for September 18th and is to enable the stablecoins $SKY and $USDS, as well as several new features for the financial products in Sky Protocol ecosystem. In the latest update on X, Sky Protocol stated that the integration with DeFi Saver will include some distinctive features intended for...

Pepe is in the red by 15% in the past month. This has increased fear in PEPE investors. There is speculation that these meme coin investors are looking for better, stable alternatives to invest in. Crypto news reports they are flocking towards Avalanche (AVAX) and a new Ethereum token.  Unlike meme coins without utility, this new platform offers enterprise-grade tools and AI-powered trading solutions. PEPE investors could see quick profits as the new altcoin has the potential to rally by...