Crypto | Bitcoin | Blockchain

2024-03-10 14:29:43 #Market Update:

BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it

The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow

As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.

@ChartsSignalsTrading Open / Comment

2024-03-10 12:15:16 Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn

Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against the U.S. dollar. Several other leading mining corporations also observed their stocks bounce back, mirroring the positive momentum seen in spot crypto markets.

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2024-03-09 19:40:23 Bitcoin to Face 30% Price Correction: Dutch Analyst

Popular Dutch analyst Michael Van de Poppe has predicted that bitcoin is likely to experience a 30% price correction in the near future. He tweeted this out yesterday but today, just a few hours before press time, the premier digital asset posted a new All-Time High (ATH) of $70k on coinmarketcap.com. Basically Van De Poppe is trying to establish that if the ETF-inspired pump is taken out of the equation, a price correction is quite likely and historically proven.

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2024-03-09 08:55:12 Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects

Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs.

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2024-03-08 20:45:28 Bitcoin’s hash rate hits record high after difficulty drop

Bitcoin’s hash rate, an indicator of the computational power used for mining and processing transactions, has recently achieved a historic high. The 14-day moving average hash rate now stands at an unparalleled 586 eh/s, further enhancing the digital assets security. While the one-day hash rate peak of 711 eh/s on March 7 stands out, the 14-day moving average is considered a more reliable indicator as it smooths over short-term volatility.

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2024-03-08 10:10:01 Uzbekistan taps Tether to boost crypto, blockchain development and regulation

Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, according to a March 7 press release. The agreement signifies a strategic effort to make Uzbekistan a central hub for blockchain and peer-to-peer telecommunication technologies, aiming to spark innovation and economic growth within the region.

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2024-03-07 21:10:00 Nigeria to tighten crypto regulation in wake of Binance disputes

The Nigerian Securities and Exchange Commission (SEC) has disclosed plans to introduce new regulations for crypto operators following recent challenges with Binance. The planned regulation would include licensing, registration, and screening guidelines for digital and virtual asset services providers (VASPs). In addition, the new guideline would ensure that malicious actors are not registered as operators within the Nigerian market.

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2024-03-07 11:00:54 Binance.US Hit by Layoffs and 75% Revenue Drop Amid SEC Lawsuit Aftermath: Report

According to Fortune, Binance.US is facing significant challenges, including forced layoffs and a decline in revenue, following legal actions initiated by the U.S. Securities and Exchange Commission (SEC). In newly released court documents, Binance.US Chief Operating Officer Christopher Blodgett disclosed that the company has been compelled to terminate over 200 employees, amounting to two-thirds of its workforce, since June.

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2024-03-06 20:01:59 Bitcoin Record highs, sharp drops, and rapid recovery trigger $1 billion market liquidation

In an extraordinary 24-hour period, Bitcoin soared to a new all-time peak of around $69,200, then experienced a rapid sell-off, dropping the price to near $59,500. Following this tumultuous drop, Bitcoin has since rebounded and is now stabilizing at approximately $67,000. This precarious and sudden market volatility triggered a widespread liquidation event within the digital asset ecosystem, amounting to nearly $1.15 billion, according to CoinGlass.

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