Posts

Showing posts from March, 2023

3 reasons why Bitcoin bulls are well positioned to profit from this week’s $4.2B options expiry

Image
$4.2 billion in BTC options expire on March 31, and despite weeks of harsh regulatory action against the crypto sector, bulls are well positioned to profit. Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries, commissions, loans and fees it received from US citizens, as well as paying civil penalties for the violations. The increase in Bitcoin’s price was also fueled by a shift in sentiment toward risk assets after the U.S. Federal Reserve Chair Jerome Powell said interest rate hikes are no longer the default move to curb inflation. The central bank understood that the current situation will likely “result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes.” Fixed-income investors earn more when interest rates rise, so buy

From Twitter to the blockchain: The evolution of social media profiles

Image
An in-depth look at tokenizing social media profiles and creating a more transparent ecosystem for social media users. Social media platforms have revolutionized communication and information sharing, connecting people across the globe and providing a platform for personal and professional growth. However, with this increased connectivity comes a new set of challenges, particularly around the issue of fake engagement and bot activity. In recent years, the rise of automated bots and fake accounts has plagued social media platforms, leading to a distorted picture of user engagement and a lack of trust in the authenticity of the content. This problem is not only a concern for individual users but also for brands and businesses that rely on social media as a marketing and advertising tool. However, a potential solution to this problem is emerging through the rise of Web3 and the use of blockchain technology. By tokenizing social media profiles, users can prove their authenticity and estab

Love Hate Inu: The New Meme Sensation Hits a New Milestone of $2M in Red Hot Presale – 6 Days Until Price Increase

Image
Join Our Telegram channel to stay up to date on breaking news coverage The new vote-to-earn project, Love Hate Inu, has generated a whopping $2 million in presale investment with just six days until the price increase. The Love Hate Inu community is rapidly growing, implying that the platform’s LHINU token has the potential to rival the popularity of top meme cryptos such as Dogecoin and Shiba Inu. With its presale selling fast, investors must leverage the discount price of the hottest meme coin of the year and earn huge gains as it soars. Love Hate Inu: The Next Viral Meme Coin with Global Utility Media hype and vibrant communities have often been attributed to the way of the meme coin crypto genre. Dogecoin and Shiba Inu also benefited from the buzz, recording one of the most extreme crypto-market parabolic price increases ever. However, both meme coins featured little to zero utility and have gone downtrend to this day. The Love Hate Inu tends to create a new era of uti

Bitcoin Price Prediction for Today, March 29: BTC Is Barely Trading as It Revisits the $28,000 High

Image
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Is in a Range-Bound Movement as It Revisits the $28,000 High – March 29, 2023 The BTC/USD pair is fluctuating in a range between $26,500 and $28,500 as it revisits the $28,000 high. The crypto’s price dropped on March 27 to a low of $26,536 as bulls bought the dips. In order to test or surpass the previous highs of $28,000 and $28,500, the value of the BTC price is rising. When the resistance levels are broken, the largest cryptocurrency will start moving again in a bullish direction. Bitcoin Price Statistics Data: •Bitcoin price now – $27,537.07 •Bitcoin market cap – $532,559,424,214 •Bitcoin circulating supply – 19,331,075 BTC •Bitcoin total supply – $578,406,926,538 •Bitcoin Coinmarketcap ranking – # 1 R esistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin (BTC) price has remained in a constrained range since March 19 after failing to overcome the res

Yuga Labs’ Otherside Releases Its Highly-Anticipated Legend of Mara NFT Game

Image
Join Our Telegram channel to stay up to date on breaking news coverage Yuga Labs, the digital asset incubation studio and the Bored Ape Yacht Club (BAYC) creator, through its renowned metaverse gaming venture, Otherside, has launched its much anticipated NFT collection-based 2D strategy metaverse game, Legend of Mara. In a March 28 blog post, the Bored Ape Yacht Club, through its metaverse gaming venture, Otherside, confirmed the official launching of its non-fungible token game Legend of Mara. The digital asset firm Yuga Labs hinted at the launching of the new metaverse game earlier this year. Introducing Legends of the Mara, a 2D experience with its own companion collection. Claim your Vessel, discover its potential, and forge your path. Otherdeeds with a Koda will be able to decouple in advance of the game launch. Step into https://t.co/PL6spHFERp and the 🧵 below pic.twitter.com/inu3s4sVdq — Othersidemeta (@OthersideMeta) March 27, 2023 What Is Legend Of Mara, And Ho

Data Shows that Altcoin Whale Activity Has Risen Recently

The blockchain analytics firm, Santiment (@santimentfeed), tweeted this morning that many altcoins have experienced several transactions recently which are among some of the biggest of the year for the respective networks. #Altcoins have lit up with several transactions among the biggest of the year for their respective networks. $MATIC and $FET have both seen a transaction valued at over $40M on their networks. Watch $MANA, $DIA, $IMX, and $SAND after their big whale moves as well. pic.twitter.com/8zzF8TxqhG — Santiment (@santimentfeed) March 23, 2023 According to the tweet, Polygon (MATIC) and Fetch.ai (FET) have both seen a transaction valued over $40 million on their networks. The tweet also added that investors and traders should keep an eye on Decentraland (MANA), DIA, Immutable (IMX), and The Sandbox (SAND) after they hosted some big whale moves as well. In related news, the global crypto market cap has risen 2.95% over the last 24 hours according to CoinMark

Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC

MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin. MicroStrategy, a Business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market recovery. MicroStrategy co-founder and former CEO Michael Saylor took to Twitter on March 27 to announce that the firm has repaid its $205 million loan to Silvergate. Citing a form 8-K filing with the United States Securities and Exchange Commission, Saylor stressed that MicroStrategy repaid the Silvergate loan at a 22% discount. The company has also acquired a significant stash of Bitcoin, purchasing 6,455 BTC for $150 million, or at an average price of $23,238 per coin as of March 23, the former CEO said. With the purchase, MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, bought for $4.1 billion at an average of $29,817 per coin, Saylor said. MicroStrategy repaid its $205M Silvergate loan a

Cronos Price Prediction for Today, March 25: CRO/USD Settles Above $0.070 as Price Consolidates

Image
Join Our Telegram channel to stay up to date on breaking news coverage For the past few days, the Cronos price prediction has been unable to develop bullish momentum above the $0.080 resistance level. Cronos Prediction Statistics Data: Cronos price now – $0.069 Cronos market cap – $1.72 billion Cronos circulating supply – 25.2 billion Cronos total supply – 30.2 million Cronos Coinmarketcap ranking – #34 CRO/USD Market Key Levels: Resistance levels: $0.090, $0.100, $0.110 Support levels: $0.050, $0.040, $0.030 CROUSD – Daily Chart CRO/USD is bullish as the market retraced to the $0.069 level and currently prepares to move higher again. Therefore, traders expect the Cronos price to move higher later and push toward the $0.100 level. Therefore, CRO/USD must rise to the next target above the 9-day and 21-day moving averages in the next 24 hours. Cronos Price Prediction: What Could be the Next Direction for Cronos? If the bulls manage to keep the Cronos price above th

Skale Network Price Prediction for Today, March 24: SKL/USD Faces Rejection at $0.044

Image
The Skale Network price prediction is moving down within the market, and its selloffs may be extended below the moving averages. Skale Network Prediction Statistics Data: Skale Network price now – $0.041 Skale Network market cap – $177.1 million Skale Network circulating supply – 4.2 billion Skale Network total supply – 5.4 billion Skale Network Coinmarketcap ranking – #172 SKL/USD Market Key Levels: Resistance levels: $0.060, $0.065, $0.070 Support levels: $0.025, $0.020, $0.015 SKLUSD – Daily Chart At the time of writing, SKL/USD is changing hands to $0.041, down from the daily high of $0.044. The coin is likely to cross below the 9-day and 21-day moving averages. The Skale Network price is mainly influenced by speculative sentiment and technical factors. However, the coin is known for its herd behavior, as everything rises and falls at the same time. Skale Network Price Prediction: Skale Network (SKL) May Drop to the Downside The Skale Network price is hovering at th

The Graph Price Prediction for Today, March 23: GRT/USD Climbs by 8.51%

Image
Join Our Telegram channel to stay up to date on breaking news coverage If the Graph price prediction prepares for the uptrend, the coin will be technically and fundamentally ready to break above $0.200. The Graph Prediction Statistics Data: GRT price now – $0.155 GRT market cap – $1.3 billion GRT circulating supply – 8.8 billion GRT total supply – 10.6 billion GRT Coinmarketcap ranking – #44 GRT/USD Market Key Levels: Resistance levels: $0.220, $0.240, $0.260 Support levels: $0.095, $0.075, $0.055 GRTUSD – Daily Chart GRT/USD is seen trading above the 9-day and 21-day moving averages as the coin may kick-start a bullish run above $0.150. However, the break above the moving averages is the first signal needed for a bullish to press higher. Nevertheless, the Graph price has to break above $0.180 before hitting $0.200. The Graph Price Prediction: What to Expect from the Graph Looking ahead, if the Graph price continues to grind higher, the first resistance level may

SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.'” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an enforcement action.” Coinbase Receives a ‘Wells Notice’ From SEC Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC) “regarding an unspecified portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation.” Coinbase detailed in a blog post: Today’s Wells notice does not provide a lot of information for us to respond to. The SEC staff told us they have identified potential violations of securities law, but little mo

Shiba Inu: Who Has 'Burned' the Highest Number of SHIB Tokens?

Image
Shiba Inu tokens have been consistently removed from the circulating supply via burns. Over the past 24 hours, around 754,187,142 SHIB has been burned. As a result, the burn rate was up by more than 4636.07% at press time. The asset’s price has been reacting positively to the same. On Wednesday, March 22, Shiba Inu was trading at $0.00001087, up by roughly 5% over the past day. Several renowned institutions, groups, and people from the community have burned Shiba Inu tokens. So, who is currently the top SHIB burner? Also Read: Shiba Inu [SHIB] Mid-March 2023 Price Prediction Ethereum founder Buterin tops the SHIB burn list In May 2021, Ethereum Co-founder Vitalik Buterin burned more than $6.7 billion worth of SHIB tokens. Thanks to the said transaction, the Ethereum founder continues to be the top burner. Let’s rewind a bit to understand the context better. The anonymous developers of Shiba Inu had chalked out in their “woofpaper” that they would send 50% of the total