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Bitcoin price took a hit and even spiked below $60,000. BTC could gain bearish momentum if there is a daily close below the $60,000 support zone. Bitcoin started another decline and traded below the $61,200 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if it fails to recover above $60,400 and then $62,000 this week. Bitcoin Price Reaches Support Bitcoin price started another decline below the $62,500 support level. BTC dropped below the $61,200 level as the bears took control. They even managed to push the price below $60,000. A low was formed at $59,110 and the price is now consolidating losses. There was a minor increase above the $60,000 level and the 23.6% Fib retracement level of the recent decline from the $64,738 swing high to the $59,...

For the fifth time in its brief existence, Justin Sun ’s decentralized stablecoin USDD has depegged. The coin, which is supposed to stay priced at a dollar via a series of algorithmic mechanisms, has deviated 3% from its $1 peg, currently trading for $0.97. The depegging comes on the back of news that another Justin Sun -based entity, Poloniex , is struggling to maintain a peg for its wrapped bitcoin (WBTC) product. Sun’s other stablecoin, TUSD, has also seen its peg break, though only slightly compared to the issues that the WBTC on Poloniex or USDD are having. It’s worth noting that all of Justin Sun’s projects have been struggling as of late. HTX, the Sun-advised crypto exchange, hasn’t only seen customers complain of being ripped off but has been involved in lies from Justin Sun about his personal bitcoin stash. The HTX token, which was rebalanced and altered without customer approval, has seen its value fall almost 25% in only a few months . Poloniex WBTC depegs threatenin...

Top gainers like Avalanche, SafePal, Waves, and Amp capture investors’ attention with their remarkable performances in today’s crypto market. But amidst these success stories lies a darker tale of cybercrime. Investigator ZachXBT has unveiled how the infamous Lazarus Group allegedly laundered over $200 million in hacked cryptocurrency funds.  With the assistance of industry leaders, ZachXBT has identified multiple accounts tied to Lazarus Group. This sheds light on their nefarious activities. These include high-profile hacks totaling over $2 billion in stolen assets. This exposé underscores the urgent need for vigilance. It also emphasizes collaboration in the ongoing battle against cybercrime. Biggest Crypto Gainers Today – Top List In a bustling crypto market, where the total trading volume in the last 24 hours soared to $455.73 billion, sentiments sway in uncertainty. With the crypto Fear & Greed Index oscillating at 67, tipping towards Greed, th...

Ripple XRP whales are getting active on the markets, pumping the trading volume of the asset ahead of Monday’s SEC filing. The trading volume of the asset is up 121.26% in the last 24 hours, despite price slumping by 6% in the past seven days. With whale activity up, a positive result from Monday’s expected filing could indicate a bullish rally for XRP in the coming week. At press time, XRP is down to $0.5154. April was a rough month for the asset, in part due to the ongoing SEC case. Holders were also optimistic of a surge for the token as well as the entire cryptocurrency market due to the Bitcoin Halving event, but that didn’t come to fruition. Also Read: Cryptocurrency: 3 Coin Dips to Leverage for 50x Returns  However, high whale activity typically generates hype around an asset, and this rings true in XRP’s past. According to the on-chain data tracking platform, Whale Alert, whales have purchased nearly 75 million XRP from Binance over the weeken...

In the dynamic world of Ethereum layer-2 scaling networks, vigilance is key—not just against external threats but also through mutual assistance among competitors. Recently, an instance of this collaborative spirit was demonstrated when Offchain Labs, the team behind the Arbitrum network, identified and helped rectify critical security vulnerabilities in Optimism, another layer-2 network developed by OP Labs. During a routine examination of Optimism’s testnet, Offchain Labs discovered several security flaws that could have led to significant risks if exploited by malicious entities. These vulnerabilities were specifically found in the mechanisms Optimism uses to handle disputes over potentially fraudulent transactions. The discovery was detailed in a blog post by Ed Felton, co-founder of Offchain Labs, who noted that the existing protocol on the testnet posed a high risk to user funds if it were to be deployed without modifications. Strengthening Security Through Collabora...

Shiba Inu gets a major  boost amid a $12 million token sale Milei Moneda attracts investors as presale accelerates, promises a significant return for early bird backers $MEDA is in stage 2 of presale, with price at $0.0125 Shiba Inu’s (SHIB) Crypto stride receives a $12 million boost as investors flock to its privacy-focused blockchain, augmenting Shibarium with Fully Homomorphic Encryption. Meanwhile, Milei Moneda ($MEDA) emerges as one of 2024’s top altcoins, blending humor, politics, and blockchain, poised for a meteoric rise with its unique NFTs and governance model. Economize Like Milei: Invest in $MEDA Shiba Inu’s crypto innovation attracts $12 million investment Shiba Inu has received a significant boost with a $12 million investment in its token sale aimed at developing a privacy-focused blockchain. This investment reflects the investors’ faith in Shiba Inu’s future and affirms the company’s commitment to ...

BRICS is advancing to eliminate the US dollar in all of its global trade and transactions in 2024. The bloc aims to put local currencies ahead of the US dollar to strengthen their native economies and businesses. The alliance is also convincing other developing countries to follow suit and settle payments in local currencies for cross-border transactions. Read here to know how many sectors in the US will be impacted if BRICS ditches the dollar for trade. The de-dollarization initiative is spreading its wings across the world making developing countries end dependency on the dollar. Also Read: BRICS Expansion Will Change the Global Economy: Expert BRICS: China & Russia Initiate $260 Billion Worth of Trade Without the US Dollar Source: a2zanimals.com BRICS members China and Russia recently signed a trade agreement where they will use local currencies up to $260 billion. The trade deal will be initiated to settle payments in exchange for com...

Payment processing firm Stripe plans to roll out global USDC payments this summer, more than six years after the company ended Bitcoin (BTC) support. John Collison, Stripe’s president and co-founder, announced the upcoming payments feature on Thursday. At a presentation, Collison demonstrated how customers could link crypto wallets to Stripe and make instant payments with USDC on Solana (SOL) and Ethereum (ETH). Businesses using the payments firm will also be able to add a stablecoin option for paying customers. The company previously supported Bitcoin payment options but discontinued that feature in April 2018, citing the top crypto asset’s lack of utility in payments. In 2022, Stripe launched a wide suite of tools and services for cryptocurrency-focused businesses. Explained Collison at the time, “Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT [non-fungible token] marketplaces. Not just pay-ins but payouts, KYC [know...

Pantera Capital has purchased more Solana (SOL) from the FTX bankruptcy estate. FTX is auctioning off SOL, with more tokens to be sold to winning bidders. Pantera Capital has acquired another stockpile of Solana (SOL) tokens at discounted prices from the FTX bankruptcy estate, Bloomberg reported. The $5.2 billion crypto venture capital firm, secured the new stash of locked SOL after emerging one of the winners in the ongoing auction of Solana tokens. Pantera, alongside crypto firm Galaxy Digital, scooped more of the altcoin in last month’s $1.9 billion SOL auction. Today’s report says the company has purchased additional tokens from the 2,000 SOL FTX sold this week. FTX ’s estate held over 41 million locked SOL worth more than $6 billion, and the bankruptcy estate’s greenlight to sell has attracted a lot of attention from institutional buyers. Pantera has looked to buy more SOL and has reportedly earmarked up to $250 million for thi...

Crypto firm Consensys is suing the SEC over Ethereum and is asking the court to declare that ETH is not a sec urity. This case mirrors the Ripple Labs case against XRP, where the SEC was forced to admit that XRP is not a sec urity. Consensys is one of the major backers of the Ethereum blockchain. The lawsuit was filed in Texas federal court on Thursday. JUST IN: Crypto firm Consensys sues SEC and asks court to declare that Ethereum $ETH is not a sec urity. — Watcher.Guru (@WatcherGuru) April 25, 2024 Consensys seeks to divert from an impending lawsuit by the SEC against them over the MetaMask Wallet. The 34-page legal filing Features dramatic language arguing that the SEC’s efforts against ETH are illegal and threaten overall blockchain technology. The debate on Ethereum’s digital token, Ether, being a sec urity has been a key argument for the SEC, especially with Spot Ethereum ETF applications pending. The SEC’s unlawful seizure of authority over ETH w...

Although many assets in the cryptocurrency market are slowing down or even starting to reverse their previous gains, XRP is no exception, but some crypto trading experts believe it might soon make an impressive recovery and even hit a new all-time high (ATH). As it happens, crypto analyst Egrag Crypto has observed that XRP was imitating its trajectory from 2021, which had pushed it toward the price target of $1.80, which meant that the token could do the same this time around, according to the expert’s X post on April 25. XRP price prediction Indeed, the crypto specialist pointed out in his Analysis that XRP’s “current trajectory suggests a possible reach of $1.4 by June-July, a key target,” further specifying the price range between $1.2 and $1.8 as a “plausible target,” which would suggest an increase of 133% or 250% from its current price. Picks for you Why is gold valuable? Insights into its unshakeable market status 28 mins ago Build your millionaire portfol...

The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set to surge 70%. XRP Price Completes A False Breakdown In the Analysis that was posted on the TradingView website, crypto analyst RLinda outlined a number of reasons why the XRP price may be getting ready for a surge. One of these reasons is the fact that the altcoin has completed a false breakdown. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree This is referring to the price crash that sent the price falling from $0.7 to $0.42, recording an almost 50% crash. However, the crypto analyst believes that this crash was bullish for the coin as it was basically a false breakdown, followed by a break...

Chainlink Cross-Chain Interoperability Protocol (CCIP) is now in general availability (GA). Developer can leverage CCIP permissionlessly for cross-chain token transfers and to send messages to smart contracts. Chainlink, the decentralised computing platform for Web3, has announced that its Cross-Chain Interoperability Protocol (CCIP) has officially launched for general availability. The Chainlink team said in a blog post that the official unveiling of CCIP in general availability means any developer can now integrate CCIP across all the supported blockchains. Permissionless access also means developers can use CCIP to transfer tokens, send arbitrary messages and data to smart contracts on supported networks. Chainlink CCIP has officially entered general availability. Now, all developers can integrate #CCIP across all supported blockchain mainnets in a faster, easier, and more self-serve manner than ever before.https://t.co/VBQEBQViye pic.twitter.com/pgg...

The Mumu the Bull price jumped 24% in the last 24 hours to trade at $0.00001256 as of 4 a.m. EST on trading volume that skyrocketed 69% to $6.23 million. The popular bull-based meme coin has been struggling against a resistance at $0.000012 for the past month, occasionally getting rejected, and even dropping below the support at $0.000010. The MUMU token’s positive performance may be a result of the correlation with the wider crypto market, which is recovering after the Bitcoin halving at the weekend. Apart from that, Mumu the Bull also recently announced that it intends to host a gaming tournament for the Meme League in partnership with ESM X, the ultimate tournament platform of both Web2 and Web3. The announcement said that the tournament will have a prize pool of $5,000 in MUMU, which will be awarded to top participants. We’d like to unveil an exciting new addition to the MUUVEMENT! We will be hosting a gaming tournament for our Meme League with @esmx_official and ...

In response to the dynamic developments within the digital asset industry, the Securities and Futures Commission (SFC) of Hong Kong has outlined its intentions to revise existing cryptocurrency sales frameworks and requirements. This move comes as a proactive response to the continuously evolving nature of the digital asset market. The SFC recently published an amendment notice on October 20, addressing five significant aspects of the cryptocurrency industry. These areas encompass the distribution of virtual asset (VA)-related products, the provision of cryptocurrency dealing services, the operation of asset management platforms, advisory services, and the implementation of necessary steps. One crucial factor highlighted by the SFC is the worldwide variance in regulatory environments, despite the widespread adoption and growing popularity of virtual assets. The risks associated with investments in digital assets, particularly issues related to anti-money laundering (AML) and counter-...

While Do Kwon languishes in a Montenegro detention facility, waiting to discover his fate, the US government has had its say on the long and drawn-out saga of his on-again, off-again extradition. Firstly, the Securities and Exchange Commission ( SEC ) pushed forward a motion for final judgement against Do and Terraform Labs. Secondly, the State Department published a report that suggests the government in Montenegro doesn’t effectively apply the law when it comes to “the criminal punishment of cases of corruption among officials.” This has been more than obvious in the trials and travails of Do. Corruption everywhere It’s likely that Do specifically chose to flee to Montenegro due to the corruption. Unfortunately for him, it hasn’t necessarily helped. Using fake and Interpol Red Notice-flagged passports, Do was quickly apprehended as he attempted to flee Podgorica in March of 2023, and has since been subject to over a dozen changes of heart with regards ...