Markets

Litecoin started a strong increase above $85 against the US Dollar. LTC price is now trading above $82 and the 55 simple moving average (4-hours). There is a connecting bullish trend line forming with support near $88.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $85. Litecoin price is rising steadily above $85 against the US Dollar, similar to bitcoin. LTC price could...

Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be the last 25% of all the Bitcoin purchased by the company during the Crypto Bullrun of 2021. Despite the crypto market crash of the following year and the negative...

Multiple executives at the South Korean cryptocurrency exchange Bithumb are now beleaguered by charges of embezzlement and market manipulation, according to the South Korean financial outlet InfoMax.  Under these charges, an arrest warrant has been issued for Kang Jong-hyeon, who is thought to be the “actual owner of Bithumb.  Bithumb Executives Under Fire On Wednesday, members of the legal community confirmed that Kang and two of Bithumb’s executives have been sentenced by...

Anthony Scaramucci – the Founder of SkyBridge Capital and former White House official – believes cryptocurrencies will revive once the Federal Reserve stops raising interest rates. He thinks this will happen once inflation in the United States dropped back down to 4-5%. The Surge Could be on the Horizon The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such...

The London-based cryptocurrency platform – Luno – will reportedly trim the size of its team by over 330 people. It adds its name to the growing list of industry players dismissing staff due to the bear market, including Coinbase, Crypto.com, Bybit, Huobi, Gemini, and more. According to CNBC coverage, Luno will reduce its headcount from 960 to around 630. “2022 has been an incredibly tough year for the broader tech industry and, in particular, the crypto market. Luno,...

Bitcoin’s recent uptrend has paused temporarily upon arriving at the major swing level of roughly $22.8K. Although there are some bullish signs based on the on-chain analysis, there is a significant resistance region ahead in Bitcoin’s path. Technical Analysis By Shayan The Daily Chart The market appears to be looking for direction as the price has now reached a critical resistance zone. The descending trendline had been supporting the price until Bitcoin experienced a sudden...

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The digital asset markets have been shaky in the past year, but the blockchain sector continues to scale as demand intensifies from both crypto-native as well as traditional institutions eyeing to leverage the space. Decentralized smart contracts platform Injective is the latest to announce a new $150 million ecosystem initiative to spur the adoption of interoperable infrastructure and DeFi. Leading the charge is a consortium of prominent Web3 players such as Pantera Capital,...

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