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Showing posts from September, 2023

CRV’s Price Plummets as Its Daily Volume Experiences a Sharp Drop

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Kaiko revealed in a Twitter post yesterday that the daily volume for CRV has plummeted over the past 2 weeks. According to the post, the altcoin’s volume has dropped from $300 million to just $7 million. Meanwhile, a significant bearish technical flag was on the verge of being triggered on CRV’s daily chart. The on-chain intelligence platform Kaiko revealed in a post on X (Twitter) yesterday that the collective volume for Curve DAO (CRV) plummeted over the past 2 weeks. According to the post, CRV’s volume dropped from its latest daily high of $300 million to just $7 million on 7 September 2023. Furthermore, the majority of this volume took place on centralized exchanges, noted Kaiko. #CRV volume has fallen from a recent daily high of $300mn to just $7mn on September 7, nearly all of which took place on centralized exchanges. pic.twitter.com/ZIcMpwcZ9O — Kaiko (@KaikoData) September 12, 2023 Meanwhile, from a technical perspective, CRV’s price broke belo

Eminem and Snoop Dogg release Bored Ape-themed video

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The Bored Ape Yacht Club (BAYC) NFT collection is still attracting attention despite the ongoing recession in the market. While the floor price of this collection is at yearly lows, those who have bought the collections are deriving utility from them. Eminem and Snoop Dogg seem to be settling the bad history between them through a new BAYC-themed song. The two artists own a BAYC NFT, and through this music video, they will be deriving utility from their collections. Eminem and Snoop Dogg release BAYC-themed video Eminem posted a tweet on June 24 promoting a new song dubbed “From The D 2 The LBC.” This tweet depicted the graphics of this new song. The song&rsquo ;s video has been depicted in a comic book style, and it has two cartoon monkeys that depict the artists and their affiliation to BAYC. Buy Bitcoin Now Your capital is at risk. Eminem shortly after posted another tweet promoting the video. In this video, Eminem and Snoop Dogg appear as animated ape characters. T

FTX Co-Founder Sam Bankman-Fried Denied Release By Judge

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FTX Co-founder Sam Bankman-Fried has been denied release from the Manhattan Detention Center by Judge Kaplan Tuesday afternoon. Judge Kaplan ruled that Bankman-Fried was in a “situation of his own making,” in refuting the release. SBF is insisting on being released to prep for his upcoming trial in October. “Whatever time pressure defendant now claims to face given the imminence of the trial date and the claimed limitations of his access to [electronically stored discovery and other material” while incarcerated would be of his own making,” the judge said. Source: The Hindu SBF’s attorneys have been arguing that the former FTX CEO hasn’t been given the proper means to assemble his defense. Lack of proper technology, and medicine, among other factors, have been brought to the Judge’s attention. However, Tuesday’s ruling ensures that Bankman-Fried will continue to remain in the detention center until his October 3 hearing. On the other hand, Bankman-Fried is allowed to keep t

Celsius Network CEO Mashinsky Attempts To Dismiss FTC Lawsuit

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Mashinsky’s Recent Memorandum In the Monday filing, the former Celsius Network’s lawyers said that FTC’s claims against him should be dismissed. The FTC’s claims under the Federal Trade Commission Act (FTCA) and the Gramm-Leach-Biley Act (GLBA) should be dismissed as they do not allege specific violations of the rules and laws associated with these acts, the filing showed. advertisement Additionally, the lawyers argued that the FTC cannot seek monetary damages from the defendant under the FTCA, citing a recent court decision of AMG Capital Mgmt., LLC V. FTC. Meanwhile, Mashinsky’s lawyers also stated in the filing that, as mandated by the 1999 GLBA Act, the accusations fail to establish that the defendant knowingly made false statements with the intent to fraudulently acquire customer information from a financial institution. In Mashinsky’s case, the complaint fails to provide credible evidence supporting the claim that Mashinsky is presently violating or on the verge o

DeFi Coin Price Prediction: DEFC May Head Towards $0.500

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DeFi Coin Price Prediction – August 23 The Defi Coin price is struggling heavily not to fall and it could remain and continue to face the positive side of the bulls should intensify their effort and break up the $0.07045 resistance level. The coin may likely be heading toward the $0.500 supply level. Key Levels: Resistance levels: $0.06900, $0.07000, $0.07100 Support levels: $0.06800, $0.06700, $0.06600 DEFCUSD Long-term Trend: Bearish (4H Chart) From the chart above we can see the DeFi Coin price below the moving averages; this means that the coin is in a bearish market zone. The coin may head towards $0.500. Today, the price pulls back to a level of $0.06738 which later increases to a $0.06896 high level indicating the bulls’ gradual return to the market. However, the currency pair could grow further if the bull traders managed to break up above the $0.1328 level, maintaining further growth potential for the buy traders. Next, the price will rise further as shown by the stochas

Sports Might Replace Oil For Saudi Arabia

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Saudi Arabia is the second-largest oil-producing country in the world. However, of late, the nation has rebranded itself as a global force in international sports. In a move to reduce its overdependence on oil, the country has spent billions of dollars on high-profile sports deals. One such major deal was that of international football superstar Christiano Ronaldo joining Saudi Arabia ’s Al Nassr Football Club. Apart from its massive oil reserves, Saudi Arabia is also a major pilgrimage destination for people of the Islamic faith. Mecca and Medina attract thousands of pilgrims every year who visit for the Hajj and Umrah. Now, the country wants to step into the realm of international sports to further diversify its economy. Furthermore, it aims to increase tourism in the country. Also Read: BRICS: What Happens if Saudi Arabia Stops Accepting US Dollar for Oil? Apart from Ronaldo, Brazilian footballer Neymar Junior has also joined the Al Hilal Saudi Football Club. French pla

Bitcoin Whales Are Back: Are They Preparing for Another Bull Run?

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Glassnode shared this morning that the number of BTC addresses with 0.1+ coins has reached a new all-time high. In the past 24 hours, BTC’s price was able to climb by 0.10%, which left it trading at $25,874.88. BTC’s price movement in the next couple of days may lead to it finally escaping its current sideways channel. Yesterday, Bitcoin (BTC) reached a milestone as the number of addresses holding 0.1 or more BTC coins surged to an all-time high (ATH) of 4,482,496, according to the on-chain analytics platform Glassnode. This achievement indicated a growing interest and participation in the cryptocurrency, reflecting the expanding community of BTC holders. #Bitcoin $BTC Number of Addresses Holding 0.1+ Coins just reached an ATH of 4,482,538 Previous ATH of 4,482,496 was observed on 10 September 2023 View metric:https://t.co/hZY8dBLpzX pic.twitter.com/LO31pFkiVo — glassnode alerts (@glassnodealerts) September 11, 2023 However, earlier today, the number o

Solana Experiences More Selling Pressure, Tamadoge Heads to the North

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Trading ctivities in the Solana market have been mostly selling with little buying. Consequently, this has caused a significant downside pull on the crypto’s price. Also, it appears as if trading indicators are still foretelling that lower support may be reached. SOL’s Forecast Statistics Data: SOL’s current price: is $31.89 SOl’s market capitalization: $11.13 billion SOL’s Circulating supply: 349.5 billion SOL’s Total supply: 511.62 million SOL’s Coinmarketcap ranking: #9 In this Analysis , we will examine signs given by applied trading indicators in this market. And, we’ll strive to interpret and utilize them in making trading decisions. We’ll also look at the SOL/BTC market, doing the same as we’ll do for the SOL/USD market. Key Price Levels: Resistance levels: $31.89, $35.00, $42.30 Support levels: $29.00, $25.11, $20.25 Solana’s Downtrends Continues, Buy Tamadoge Today Looking at the SOL/USD chart a tiny green candle took a deflection off the floor of the Bol

Hands Down: Lucky Block Sweeps the Floor off NFT Competition with Unbeatable Offerings

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Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency is going through a rough patch. Call it whatever you like— bear market or crypto winter —there is one thing that is certain and that is that the cryptocurrency market is still in the red, and surges aren’t coming as quickly as analysts anticipated they would. It is only reasonable for investors to search for anything more than merely keeping Bitcoin and Ethereum in their portfolios during this crypto winter . The option that makes the most sense is to invest in rapidly rising crypto assets that have the potential to provide enormous profits in a shorter amount of time. One of these cryptocurrencies that you should consider about investing in is called Lucy Block. Lucy Block is a platform for NFT tournaments that uses one-of-a-kind blockchain-based prizes to encourage new investors and players. You should think about investing in Lucy Block. More on Lucky Block (LBLOCK) By participatin

Palazzo Versace Dubai and Varus to implement Binance as a payment option

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Join Our Telegram channel to stay up to date on breaking news coverage Palazzo Versace Dubai, a five-star resort, has begun accepting virtual currencies as a fee for the visit, meals, and spa facilities. Visitors can make payments with BNB, ETH, and BTC, which will be digested through Binance’s payment service. According to a press release, the 146-room ultra-luxury estate ln Jaddaf Waterfront would also accept cryptocurrency payments for goods, primarily gifts, and coupons, on the e-commerce systems. The capacity of Palazzo Versace to admit payouts in data assets demonstrates how the service sector in Dubai is located at the frontline of advancement as we progress toward a more virtual environment . Transactions are only the starting point, according to Nadeem Ladki, Binance’s director of business advancement in MENA’s region, and they expect to build on this collaboration together. Similarly, Ukrainian seller Varus, which operates over 100 chain stores across the nation, w