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Crypto Price Analysis March-21: ETH, XRP, ADA, BNB, and TON
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Toncoin in greater detail. Ethereum (ETH) This week, Ethereum managed to secure a positive week for the first time in over three weeks, closing with an approximate 4% increase. The cryptocurrency saw a rebound off its critical support level at $1,800, briefly making its way…
Continue ReadingBitcoin, Ripple Sink on Profit-Taking After FOMC Rally
Bitcoin (BTC) and major cryptocurrencies experienced notable declines amid profit-taking activities following a brief rally on Thursday. As of Friday morning in Asian time, the overall cryptocurrency market capitalization shrunk by 3.2%, resulting in BTC’s price plummeting from $86,000 to below $84,000. Ethereum (ETH) also slipped under the critical support level of $2,000, while Solana’s…
Continue ReadingSouth Korea eyes KuCoin, BitMEX in crypto exchange crackdown
South Korea’s financial landscape is undergoing significant scrutiny as authorities target various cryptocurrency exchange platforms for alleged non-compliance with local regulations. Reports from local media, including Hankyung, indicate that the Financial Intelligence Unit (FIU) of the Financial Services Commission is actively investigating several exchanges for failing to register as virtual asset service providers (VASPs) in…
Continue ReadingIs an ETH Surge Imminent?
Ethereum’s Market Dynamics: Supply Shrinks as Price Struggles The Ethereum market has been characterized by a notable divergence in supply and price performance recently. Despite the overall bullish sentiment that has gripped the crypto landscape, ETH has lagged behind, remaining approximately 50% away from its all-time high. This persistent distance from previous peaks raises questions…
Continue Reading44% are bullish over crypto AI token prices: CoinGecko survey
A recent survey conducted by CoinGecko has revealed that nearly half of cryptocurrency analysts are optimistic about the future of crypto AI tokens, indicating a promising outlook for this $23.6 billion sector. Among the 2,632 respondents surveyed between February and March, 25% expressed they were “fully bullish,” while 19.3% stated they were “somewhat bullish” regarding…
Continue ReadingPlume Partners with Pond to Bring AI-Powered Risk Intelligence to RWAfi
Plume Partners with Pond for Revolutionary AI-Driven Risk Assessment in RWA Finance Plume, recognized as the first full-stack L1 RWA Chain, has announced an exciting partnership with Pond, an AI-driven platform specializing in collaborative model creation, ownership, and monetization. This strategic alliance is set to enhance Plume’s RWA ecosystem by integrating AI-powered risk assessment, credit…
Continue ReadingSMS scammers posing as Binance have an even trickier way to fool victims
The Australian Federal Police (AFP) have issued warnings to over 130 individuals regarding a sophisticated text message scam targeting cryptocurrency users. The scheme mirrors legitimate communications from recognized exchanges such as Binance, leveraging a “sender ID” that can easily mislead recipients. In a statement released on March 21, the AFP detailed the mechanics of this…
Continue ReadingBiopharma exec says Bitcoin could help industry through ‘biotech winter’
Atai Life Sciences, a biopharmaceutical firm listed on NASDAQ, is embracing cryptocurrencies like Bitcoin as a potential lifeline for biotechnology startups grappling with the arduous and financially draining process of regulatory approvals. As the company ventures further into the realm of psychedelic treatments for mental health issues—utilizing compounds such as DMT and MDMA—it has declared…
Continue ReadingAAVE Whale Nets $1.8M Profit but Loses $10.9M to Market Timing Blunder
A notable incident in the crypto trading world recently highlighted the critical importance of timing when making trades, particularly in volatile markets like that of Aave (AAVE). A crypto whale identified by the wallet address “0xfc0” successfully earned $1.8 million in profits from their investments in AAVE. However, their premature exit cost them an astonishing…
Continue ReadingProof-of-Work Crypto Mining Doesn’t Trigger Securities Laws, SEC Says
The U.S. Securities and Exchange Commission (SEC) has recently clarified its stance on proof-of-work cryptocurrency mining, stating that such activities do not fall under federal securities laws. In an announcement made on Thursday, the SEC’s Division of Corporation Finance indicated that both solo and pooled proof-of-work mining operations are not to be classified as securities…
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