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” Ethereum risks crashing under $2K as ETH paints bearish ‘symmetrical triangle’ — analyst “ Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3%…
” Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30% “ Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120…
“# Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply ” Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA decouples from the crypto market LUNA’s price surged by a little…
“# DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme ” The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani…
“# Bitcoin investors ‘buy the dip’ as BTC nears $40K, gaining 16% in less than 24 hours ” Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin…
“#Elon Musk and brother Kimbal face insider trading probe from SEC: report” Elon Musk and his younger brother are being investigated by the Securities and Exchange Commission over whether the siblings violated insider trading laws, the Wall Street Journal reported on Thursday. The probe reportedly centers on Kimbal Musk’s sale in November of 88,500 Tesla…
“# Avalanche price rallies 20% after report reveals $25M inflows into AVAX investment vehicles ” Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products. Penned by CoinShares, an institutional crypto fund manager, the report highlighted that Avalanche-based investment vehicles attracted…
“# Uphold becomes registered crypto-asset firm in UK post-FCA approval ” A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms…
“# How are Afghans using crypto under the Taliban government? ” After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift. Many Afghans subsequently began to learn about cryptocurrencies and the underlying…
“# Solana’s weekend bounce risks turning into a bull trap — Can SOL price fall to $60 next? ” A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are…