Not long ago, regulators in the United Kingdom said crypto trading was akin to gambling. In other words, betting on bitcoin was like sitting at a blackjack table. Not exactly the best metaphor, but we get what the country means. Is the United Kingdom Wrong About Crypto? However, there are many that don’t agree with this sentiment. In fact, they think it’s downright wrong, and they say it shows a dangerous lack of understanding. Amongst the people that feel this...
Read More »CRV Trades at Premium on Bithumb and CoinOne Following Curve Finance Hack
CRV – the native token of the DeFi exchange Curve Finance – has plunged over 12% following the recent exploit on several stable pools of the project. However, the token’s price took a somewhat interesting trajectory on the leading South Korean cryptocurrency exchanges Bithumb and CoinOne, currently trading at a 510% and a 220% premium, respectively. Separately, Upbit (another major Korean digital asset platform) paused CRV deposits and withdrawals shortly after the latest...
Read More »What Would it Take for XRP to Reach $0.9? (Ripple Price Analysis)
Ripple’s price is currently in a correction phase after a significant spike a few weeks ago. Nonetheless, there are several support levels against both USDT and BTC. Technical Analysis By: Edris XRP/USDT Daily Chart: On the daily timeframe of the USDT paired chart, the price has recently been rejected from the $0.9 level and is currently declining. The $0.6 support level and the 50-day moving average located around the same area are probable targets for a deep pullback....
Read More »Calm Before the Storm? ETH Flat Above $1.8K (Ethereum Price Analysis)
The price of Ethereum has been held by the 100-day moving average, which has prevented further decline for several months. However, despite multiple attempts, the cryptocurrency has been unable to surpass the crucial resistance level at $2K, indicating a lack of demand. By Shayan The Daily Chart On the daily chart, the price faced rejection after the third attempt to break through the $2K resistance region within the last month. This rejection coincided with a decline in...
Read More »Two Possible Targets for BTC in the Short Term (Bitcoin Price Analysis)
Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever. Technical Analysis By: Edris The Daily Chart: On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it has failed to push the market back above the $30K mark over the last few days. There is a probability for the price to break to the...
Read More »Lamborghini Aims for Record-breaking Sales of 10,000 Cars in 2023
[unable to retrieve full-text content]CoinspeakerLamborghini Aims for Record-breaking Sales of 10,000 Cars in 2023 Lamborghini’s success in recent years can be largely attributed to the strong performance of its Urus SUV, which has played a pivotal role in the Italian automaker's expansion. Lamborghini Aims for Record-breaking Sales of 10,000 Cars in 2023
Read More »eToro Investors Cash Out $120M in Secondary Share Sale
[unable to retrieve full-text content]CoinspeakereToro Investors Cash Out $120M in Secondary Share Sale eToro planned to go public in 2022. However, a market downturn in equity and crypto prices forced the company to abandon its IPO plans. eToro Investors Cash Out $120M in Secondary Share Sale
Read More »SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations
[unable to retrieve full-text content]CoinspeakerSoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations
Read More »Opinion: Bitcoin Will Reach $60K Next Year, a New High in 2025, and Drop in 2026
Bitcoin could be back at its $60K high next year (if it doesn’t shoot slightly beyond that). In 2025, the currency will likely reach a new price peak, and in 2026, the currency may drop again. The Repeating Price Patterns of Bitcoin This isn’t just random speculation. Rather, it’s a complete consideration of all the price routines bitcoin has endured over the past 11 years or so. When one looks at how bitcoin has behaved, it seems to fall onto the same path every...
Read More »Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls
[unable to retrieve full-text content]CoinspeakerMemecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls
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