Bitcoin price is still struggling below the $29,650 zone. BTC could gain bearish momentum if there is a close below the $29,100 support. Bitcoin is showing a few bearish signs below the $29,650 zone. The price is trading below $29,400 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support near $29,320 on […]

There are encouraging on-chain activities in Cardano. According to Santiment, an on-chain analytics platform, on August 14, there were 25,294 wallet addresses with at least 100,000 ADA, the highest in over 16 months. The uptick could signal interest, especially considering that prices are under pressure looking at the performance in the daily chart.  ADA Whales Accumulating Looking at Santiment trends, it […]

Crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware after facing a shortfall in customer funds. The company said in an Aug.15 filing that it has between 25,000 to 50,000 creditors and estimated liabilities between $100 million to $500 million compared to $50 million to $100 million worth of estimated assets. “The Company intends to file […]

Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 tweet, Scott Johnsson, a general partner of Van Buren Capital, explained that law clerks in the United States District Courts generally […]

In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying particular attention to two key factors: the trend line and the 21-day, 21-week, and 21-month moving averages (MA) – all of which are currently influential […]

The Reserve Bank of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the token’s success with investors, which the bank described as “commendable” in a recent report. The RBZ announced the introduction of the GBDT in April and had conducted 11 issuances representing 325 kilograms (716.5 pounds) of […]

In a shocking turn of events, the developer behind the controversial meme coin BALD initiated a series of significant transactions, raising eyebrows within the cryptocurrency community. The events surrounding the deployer’s recent actions have left both the coin’s value and its reputation teetering on the edge. BALD Deployers Send Funds To Kraken Exchange Blockchain analysis platform Lookonchain has revealed that […]

The FTX affair continues to unravel. Sam Bankman-Fried, the former CEO of the failed crypto exchange, will be held in jail through the end of his two upcoming trials. Judge Lewis Kaplan ordered the revocation of the entrepreneur’s $250 million bail following The New York Times report about his alleged attempt to intimidate witnesses. Bankman-Fried faces 12 criminal charges spread […]

Recent comments from former SEC Attorney John Reed Stark have further dampened optimism about the regulator approving any of the pending Spot Bitcoin ETF applications. Spot Bitcoin ETF Approval Looking More Unlikely The United States Securities and Exchange Commission (SEC) has continuously denied applications for a Spot Bitcoin ETF, and Stark has suggested that this trend isn’t going to change […]