Crypto News and Updates Archives - Page 48 of 60

FTX Estate Stakes $122 Million in Solana, Alleviating Sell-Off Concerns

Crypto News and Updates / Logan / October 14, 2023

The FTX crypto exchange, despite being defunct, made a significant move by staking 5.5 million Solana (SOL), valued at $122 million. This action, reported by blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. tracking platform Whale Alert and confirmed by crypto analyst ashpool, was seen as a reassuring sign amidst worries of a potential liquidation of FTX’s substantial SOL holdings.

Previously, the bankrupt exchange had approval to liquidate its $3.4 billion crypto assets as part of a plan to pay off creditors, with Solana c

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Dogecoin’s Potential Surge: Analyst Forecasts 1,580% Price Rally

Crypto News and Updates / Logan / October 14, 2023

Renowned crypto analyst, Ali Martinez, recently offered a fresh perspective on Dogecoin’s future price action, based on the multi-year descending triangle formation on DOGE’s weekly price chart. This technical analysis pattern, often indicative of a bearish market trend, is potentially signalling a significant reversal pattern for Dogecoin. Martinez suggests that a weekly close above $0.0835 could trigger a new bull run for the meme coin, potentially pushing its value up to $1. This implies a

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Coinbase Sees Lowest Spot Trading Volume Since Pre-IPO: A Comprehensive Analysis

Lowest Coinbase Spot Trading Volume Since Pre-IPO: A Comprehensive Analysis

Crypto News and Updates / Logan / October 14, 2023

The US’s largest cryptocurrency platform, Coinbase, experienced a significant decrease in spot trading volume, registering nearly $76 billion, a 52% decline compared to the same period the previous year. This is the lowest figure since before the platform’s notable direct listing on the Nasdaq Stock Market in April 2021, which took place just months before the cryptocurrency price peak.

The majority of Coinbase’s revenue, about 54% in the second quarter of this year, comes from transact

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ethereum Struggles as Bearish Trends Intensify: A Dive Below $1,500?

Ethereum Price Analysis Shows Intensifying Bearish Trends: A Dive Below $1,500?

Crypto News and Updates / Logan / October 13, 2023

Ethereum’s price appears to be on a downward slope, edging closer to the $1,500 support level against the US dollar. Despite the potential for a corrective upward shift, significant resistance above $1,565 may cap any positive momentum. In recent trade, EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. has found it challenging to launch a recovery above $1,550, with its price trending below both $1,565 and the 100-hourly Simple Moving Average. Notably, two bearish trend lines have formed, with resistance near $1,555 and $1,570 based

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin's Balancing Act: Short-Term Holders and Market Pressure

Bitcoin’s Balancing Act: Short-Term Holders and Bitcoin Market Pressure

Crypto News and Updates / Logan / October 13, 2023

The Bitcoin market is currently in a precarious state as the supply from short-term holders has significantly decreased this year. While Bitcoin’s price is gradually recovering, the STH NUPL metric nears a balance point, indicating the potential for increased sell pressure from short-term investors.

A key indicator of this trend is the Net Unrealized Profit Loss (NUPL) metric for short-term holders (STH). When the STH NUPL values are above 0, these holders can profit by selling their co

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Binance and Israeli Authorities Collaborate to Thwart Crypto Financing for Hamas

Binance and Israeli Authorities Collaborate to Thwart Crypto Financing for Hamas

Crypto News and Updates / Logan / October 11, 2023

In a joint effort, Binance and Israeli authorities have successfully frozen several cryptocurrency accounts allegedly linked to Hamas, the Palestinian militant group. The move is part of a wider global trend of monitoring and regulating digital currencies to prevent their misuse for illicit activities, particularly by terrorist organizations.

Due to strict international regulations and sanctions, Hamas has increasingly turned to Bitcoin solicitation for fundraising. In response to this

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Crypto Experts Optimistic Despite Market Dips: An Analysis of Bitcoin's Halving and Future Outlook

Crypto Experts Optimistic: An Analysis of Bitcoin Halving and Future Outlook

Crypto News and Updates / Logan / October 9, 2023

Despite the current market depression and escalating tensions in the Middle East, the general sentiment in the cryptocurrency world remains positive. Crypto experts are particularly focused on the Bitcoin halving narrative, which is expected to occur in late April or early May 2024. According to Charles Edwards, the founder of Capriole Fund, 44% of Bitcoin’s returns have happened in the 12 months following each halving. He suggests that the market should anticipate significant cycle returns i

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Max Keiser Predicts Bitcoin's Explosive Rise to $220,000 Amid Inflation Concerns

Max Keiser – Bitcoin Price Prediction Expects in Rise to $220,000 Amid Inflation Concerns

Crypto News and Updates / Logan / October 8, 2023

Bitcoin enthusiast and advisor to El Salvador’s President, Max Keiser, has forecasted an explosive rise in Bitcoin’s price to $220,000. Keiser, who shared his prediction on his X (formerly Twitter) platform, did not specify when this surge would occur, but the prediction came in response to a CNBC article discussing the current financial market downturn due to economic and inflation worries.

Keiser strongly believes that Bitcoin will gain traction as people look to it as a hedge agains

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Set for a Massive Leap Based on BTC/SPX Ratio, Suggests Macro-Economist

A Massive Bitcoin Uptrend Coming Based on BTC/SPX Ratio, Suggests Macro-Economist

Crypto News and Updates / Logan / October 4, 2023

According to macro-economist Henrik Zeberg, Bitcoin and other risk assets are primed for a significant move, based on the BTC/SPX Ratio. This indicator compares Bitcoin’s performance to the S&P 500 index (SPX), and Zeberg believes that the Bitcoin uptrend is just getting started. Recent dips in September could offer opportunities for traders to accumulate.

The BTC/SPX Ratio, an indicator that evaluates the relative performance of Bitcoin and the stock market, is currently rising

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Crypto Analyst Predicts Massive Surge in XRP Price

Crypto News and Updates / Logan / October 3, 2023

Crypto analyst Dark Defender has revised his previous prediction and now anticipates a significant increase in XRP price. The analyst’s latest forecast suggests an 1,100% surge, potentially reaching an all-time high of $5.85. This is a notable increase from his previous forecast, which suggested a XRP price break towards $3 based on the wave trend.

The prediction comes after the XRP price closed the month of September with a Doji chart pattern, a term used to describe when the opening and closing price for

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: The Trial of Former FTX CEO Sam Bankman-Fried: A Comprehensive Overview

FTX Collapse: The Trial of Former FTX CEO Sam Bankman-Fried

Crypto News and Updates / Logan / October 3, 2023

Former FTX CEO, Sam Bankman-Fried, is set to face a 21-day trial starting October 4, following charges related to the collapse of the cryptocurrency exchange FTX. The exchange, once a household name in the U.S. for its high-profile sponsorships and campaigns, faced a liquidity crisis due to the plummeting value of its native FTX Token (FTT). Bankman-Fried has been accused of seven counts of conspiracy and fraud, with potential penalties amounting to over a century of jail time if found guilty

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