Ethereum’s V-shaped recovery sparks optimism, aims to challenge the 50-day EMA, possibly surging to $2,000 if Bitcoin spot ETF gets approved. Key Takeaways Ethereum is making headlines as its price action hints at a bullish turnaround, sketching out a classic V-shaped recovery pattern. Following a sharp pullback from the 200-day EMA, ETH experienced an 11% dip, reigniting skepticism over the …
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Blockchain could revolutionize the travel industry, especially aviation, by standardizing data, enhancing security, and addressing seasonal transaction fee fluctuations. Key Takeaways Pablo Castillo, the Chief Technology Officer of Chain4travel and a seasoned expert in digital innovation within travel, recently shed light on the transformative role of blockchain in the travel industry, particularly in aviation. According to Castillo, aviation stands out …
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This week’s economic calendar includes a Federal Reserve chair speech and US retail sales data, with limited impact expected on crypto markets. Key Takeaways This week marks a beehive of activities on the global economic front, with notable events including a pivotal speech from the Federal Reserve Chair and the unveiling of U.S. retail sales data. Amid these developments, crypto …
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LOOM experiences a 550% surge in three weeks, driven by Upbit trading dominance and gaming industry potential, raising questions about sustainability. Key Takeaways The Loom Network, known for its strategic positioning in the gaming operation platform domain, has captivated crypto enthusiasts with an electrifying 550% price augmentation in a mere span of three weeks. This precipitous climb propels LOOM, the …
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Terraform Labs accuses Citadel Securities of intentionally devaluing its stablecoin, USTC. Legal actions seek trading-related documents during the devaluation. Key Takeaways Terraform Labs, founded by Do Kwon, is directing accusatory arrows at Citadel Securities, alleging a “deliberate, orchestrated effort” to depreciate its stablecoin, TerraUSD Classic (USTC), in 2022. The firm has advanced its claim to the legal battleground, filing a …
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The Bitcoin (BTC) price faces a potential drop to around $25,500 due to decreasing investor confidence, lack of retail participation, and bearish signals. Key Takeaways Bitcoin, the flagship cryptocurrency, is navigating precarious waters, following a minor price upswing that was swiftly dominated by bearish momentum, threatening to pull the price towards initial levels or perhaps even lower. The broader crypto …
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Judge Amy Berman Jackson issues multiple orders clearing pending motions in the Binance vs. SEC lawsuit, including acceptance of Circle as amicus curiae. Key Takeaways Binance Vs SEC As the legal battle between global exchange behemoth Binance and the U.S. Securities and Exchange Commission (SEC) continues to unfold, crucial developments have surfaced ahead of a pivotal hearing scheduled for today, …
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Ghana’s Central Bank sponsors a 12-week hackathon to explore e-cedi’s Central Bank Digital Currency (CBDC) applications, emphasizing financial inclusion. Key Takeaways In a bid to pave the way for innovative solutions surrounding the use of Central Bank Digital Currencies (CBDC), the Bank of Ghana (BOG) has recently unfurled plans to host a hackathon spanning 12 weeks. This initiative, echoing the …
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The Dogecoin team issued a warning to the Dogecoin community, emphasizing the importance of self-custody, advising users to store their cryptocurrency in wallets not linked to exchanges or third-party platforms. Key Takeaways In a crucial alert to the Dogecoin community, or “DOGE Army,” the Dogecoin team has issued a potent warning regarding the storage of cryptocurrency on X social network, …
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Caroline Ellison, former Alameda Research CEO, testified that FTX Founder Sam Bankman-Fried directed her to commit crimes, including fraud and money laundering. Key Takeaways In an enthralling courtroom session on October 10, 2023, Caroline Ellison, former CEO of Alameda Research, founded by FTX magnate Sam Bankman-Fried, unveiled a series of stark allegations, accusing him of orchestrating a cascade of financial …
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