Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX. Genesis Global Is Stopping All Redemptions A spokesperson for Genesis Global is assuring followers that the move is only temporary. The stoppage is designed to help the company better understand what happened and protect itself from potential ripple effects following the...
Read More »SBF Deported and Released on Bail, FTX Fiasco Rageson, Bitcoin Stuck Below $17K: This Week’s Recap
Quite a lot has been going on in the cryptocurrency industry over the past seven days, but most of it failed to impact the price action,Week’s remains rather dull. Can’toin is trading below $17K, down about 2.9% in the past seven dParents’ble to recover the coveted level. The volatility has seemingly disappeared from the market, but that’s not necessarily truparents’e altcoins. All of them are trading in the red, with the most considerable loss being that of Cardano which...
Read More »Crypto Price Analysis Dec-23: ETH, XRP, ADA, BNB and DOT
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot Ethereum (ETH) ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards. In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December,...
Read More »XRP Plunges 11% Weekly, is $0.30 The Next Target for the Bears? (Ripple Price Analysis)
Ripple has spent the week in a tight trading range, but there is no question that the bear market rages on. The price action seems relatively quiet following the large drop XRP experienced last week. Technical Analysis By Grizzly The Daily Chart On the daily chart, the price is close to the November low. The range of $0.3 to $0.32 (in white) is currently regarded as the level of block orders, providing solid support. The 50% and 61.8% Fib levels in the $0.42 to $0.45...
Read More »Ripple CEO Brad Garlinghouse Criticizes ‘Double Standard’ in Wells Fargo Fine Case Compared to FTX Crash
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Read More »Litecoin (LTC) Price Analysis: Upsides Could Be Capped Near $70
Litecoin started a fresh decline from the $80 resistance zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $71 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to clear the $68 and $70 resistance levels in the near term. Litecoin price is struggling below $70 against the US Dollar, similar to bitcoin. LTC...
Read More »XRP Falls 3% Daily but Is a Retest of $0.3 Imminent? (Ripple Price Analysis)
Ripple’s recent price action has been particularly rough following a convincing rejection from a key resistance level. The cryptocurrency is currently dropping toward the bulls’ last resort as risk assets stumble. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to move back above the significant $0.43 resistance level and is currently falling rapidly. The 50-day and 200-day moving average lines, which also provided additional resistance...
Read More »Ripple Price Analysis: Bears In Action Below $0.365
Ripple price started a fresh decline from the $0.3950 zone against the US dollar. The price is now trading below $0.3800 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.3400 support zone. Ripple price is struggling below $0.380 against the US Dollar, similar to bitcoin. XRP price...
Read More »Bitcoin-Frage: Welche Blockchain wird am meisten genutzt?
Unter allen Blockchains ist die BNB Chain aufgrund ihrer niedrigen Transaktionskosten derzeit immer noch die meistgenutzte Blockchain in Bezug auf Transaktionen und einzigartige Wallet-Adressen. Unter allen Blockchains ist die BNB Chain aufgrund ihrer niedrigen Transaktionskosten derzeit immer noch die meistgenutzte Blockchain in Bezug auf Transaktionen und einzigartige Wallet-Adressen. Die dortigen täglichen Transaktionen übertreffen auch die auf...
Read More »XRP-Kursrallye: Ripple vor historischem Erfolg?
Wenn Ripple Labs den Prozess gewinnt und die Ripple-Währung XRP wieder ins Sortiment der grossen Bitcoin-Börsen aufgenommen wird, kann sich der Ripple-Kurs von 35 Rappen auf 3 Franken locker verzehnfachen. Dies ist aber reine Spekulation. Seit rund zwei Jahren streitet sich Ripple mit der US-amerikanischen Regulierungsbehörde SEC um den Status von XRP. Handelt es sich dabei um ein unlizensiertes Wertpapier? Jeremy Hogan, Anwalt von Ripple glaubt,...
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