Bitcoin Jumped a Bit Following Easing of Recession Fears
Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner.
Bitcoin Has Jumped a Few Thousand BucksThere appear to be several reasons as to why bitcoin suddenly surged, a big one being that recession fears are starting to dwindle. There have been several worries permeating the financial space as of late that 2008 is likely to occur all over again given the present state of the economy. Inflation is at a 40-year high, and things like food and gas prices are jumping like they never have before. For these reasons, many were concerned the economies of super nations like the U.S. were on the verge of collapsing.
In addition, the U.S. has now had two individual and consecutive periods of GDP contraction, which is usually a big indicator that a recession is coming. However, many analysts believe that the Fed is likely to continue hiking interest rates in the coming months as a means of combating inflation and other economic issues. For this reason, they believe that a recession could be avoided, though it may mean that Americans will wind up paying high prices for some time.
Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner.
Bitcoin Has Jumped a Few Thousand BucksThere appear to be several reasons as to why bitcoin suddenly surged, a big one being that recession fears are starting to dwindle. There have been several worries permeating the financial space as of late that 2008 is likely to occur all over again given the present state of the economy. Inflation is at a 40-year high, and things like food and gas prices are jumping like they never have before. For these reasons, many were concerned the economies of super nations like the U.S. were on the verge of collapsing.
In addition, the U.S. has now had two individual and consecutive periods of GDP contraction, which is usually a big indicator that a recession is coming. However, many analysts believe that the Fed is likely to continue hiking interest rates in the coming months as a means of combating inflation and other economic issues. For this reason, they believe that a recession could be avoided, though it may mean that Americans will wind up paying high prices for some time.
What is Sudoswap? The First Automated NFT Market Maker for Web3 Degens
If you’ve ever tried trading NFTs, you will surely know how illiquid these assets can be. When you want to buy an NFT, the one you want may not be up for sale. When you want to sell an NFT, there may be no buyers in sight. Luckily, there’s a solution to that.
With Sudoswap, NFT degens can enjoy Uniswap-like experiences when trading NFTs. As a decentralized NFT exchange, the platform runs on an automated market maker (AMM) model to tackle the lack of liquidity in the NFT market.
If you’ve ever tried trading NFTs, you will surely know how illiquid these assets can be. When you want to buy an NFT, the one you want may not be up for sale. When you want to sell an NFT, there may be no buyers in sight. Luckily, there’s a solution to that.
With Sudoswap, NFT degens can enjoy Uniswap-like experiences when trading NFTs. As a decentralized NFT exchange, the platform runs on an automated market maker (AMM) model to tackle the lack of liquidity in the NFT market.
PIAS Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Nov. 2, 2022 – LBank Exchange, a global digital asset trading platform, has listed PIAS on November 2, 2022. For all users of LBank Exchange, the PIAS/USDT trading pair is now officially available for trading.
As a crossover blockchain game between the digital and physical worlds, PIAS allows users to obtain real crops when playing the game while enabling primary industry producers to receive a portion of the revenue generated by it. Its native token PIAS has been listed on LBank Exchange at 8:00 UTC on November 2, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Nov. 2, 2022 – LBank Exchange, a global digital asset trading platform, has listed PIAS on November 2, 2022. For all users of LBank Exchange, the PIAS/USDT trading pair is now officially available for trading.
As a crossover blockchain game between the digital and physical worlds, PIAS allows users to obtain real crops when playing the game while enabling primary industry producers to receive a portion of the revenue generated by it. Its native token PIAS has been listed on LBank Exchange at 8:00 UTC on November 2, 2022, to further expand its global reach and help it achieve its vision.
Klay Music Token (KMT) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Dec 5, 2022 – LBank Exchange, a global digital asset trading platform, has listed Klay Music Token (KMT) on December 5, 2022. For all users of LBank Exchange, the KMT/USDT trading pair is now officially available for trading.
As a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies, Klaymusic allows artists to distribute to and get paid directly from their fans. Its native token Klay Music Token (KMT) has been listed on LBank Exchange at 5:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Dec 5, 2022 – LBank Exchange, a global digital asset trading platform, has listed Klay Music Token (KMT) on December 5, 2022. For all users of LBank Exchange, the KMT/USDT trading pair is now officially available for trading.
As a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies, Klaymusic allows artists to distribute to and get paid directly from their fans. Its native token Klay Music Token (KMT) has been listed on LBank Exchange at 5:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision.
Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating.
Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating.
Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets
US State Regulator Launches Crypto Scam Tracker
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.”
California Regulator’s Crypto Scam TrackerThe Department of Financial Protection and Innovation (DFPI) of the U.S. state of California announced last week the launch of its Crypto Scam Tracker to help people in the state “spot and avoid crypto scams.” The financial regulator described:
The tracker details apparent crypto scams identified through a review of complaints submitted by the public and allows California consumers and investors to do their own research and prevent harm to themselves and others.
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of new crypto scams emerge, the DFPI will continually update this tracker to promptly alert and protect the public.”
California Regulator’s Crypto Scam TrackerThe Department of Financial Protection and Innovation (DFPI) of the U.S. state of California announced last week the launch of its Crypto Scam Tracker to help people in the state “spot and avoid crypto scams.” The financial regulator described:
The tracker details apparent crypto scams identified through a review of complaints submitted by the public and allows California consumers and investors to do their own research and prevent harm to themselves and others.
TCNH, a Stablecoin Pegged to Offshore Chinese Yuan, Listed on Huobi
February 21, 2023 – Singapore, Singapore
TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi where users can trade it through the TCNH/USDT pair.Huobi is the first exchange to support TCNH after its launch. Apart from minting directly through TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens through the crypto trading pairs available on exchanges.
Huobi is a leading crypto exchange that has witnessed its cumulative trading volume exceeding $1.2 trillion since its launch in 2013.
February 21, 2023 – Singapore, Singapore
TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi where users can trade it through the TCNH/USDT pair.Huobi is the first exchange to support TCNH after its launch. Apart from minting directly through TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens through the crypto trading pairs available on exchanges.
Huobi is a leading crypto exchange that has witnessed its cumulative trading volume exceeding $1.2 trillion since its launch in 2013.
Trader Who Nailed 2022 Bitcoin Bottom Says BTC Disbelief Rally Is Underway – Here Are His Targets
A crypto strategist who accurately predicted Bitcoin’s (BTC) floor price last year believes that the king crypto is now in the early stages of a new bull market.
Pseudonymous analyst DonAlt tells his 471,000 Twitter followers that many traders still believe that Bitcoin is still in a downtrend even after breaking out from a multi-month reversal pattern.
A crypto strategist who accurately predicted Bitcoin’s (BTC) floor price last year believes that the king crypto is now in the early stages of a new bull market.
Pseudonymous analyst DonAlt tells his 471,000 Twitter followers that many traders still believe that Bitcoin is still in a downtrend even after breaking out from a multi-month reversal pattern.
EOS Price Analysis: Bears In Control Below $1.10
EOS price is struggling below $1.12 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $1.080.
EOS Price AnalysisIn the past few days, EOS price saw a steady decline from the $1.25 resistance against the US Dollar. The price traded below the $1.20 and $1.15 levels to move into a bearish zone.
The decline gained pace below the $1.10 level. It even spiked below $1.00. A low is formed near $0.9747 and the price is now consolidating losses. EOS is trading well below $1.10 and the 55 simple moving average (4 hours).
EOS price is struggling below $1.12 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $1.080.
EOS Price AnalysisIn the past few days, EOS price saw a steady decline from the $1.25 resistance against the US Dollar. The price traded below the $1.20 and $1.15 levels to move into a bearish zone.
The decline gained pace below the $1.10 level. It even spiked below $1.00. A low is formed near $0.9747 and the price is now consolidating losses. EOS is trading well below $1.10 and the 55 simple moving average (4 hours).
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities.
Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to DismissIn January 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Gemini and Genesis for allegedly offering unregistered securities to American customers. The SEC complaint alleges that “through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors.”
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities.
Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to DismissIn January 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Gemini and Genesis for allegedly offering unregistered securities to American customers. The SEC complaint alleges that “through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors.”
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Ohio Man Ordered To Pay $54,000,000 in Penalties After CFTC Lays Charges for Alleged Crypto Scam
A federal court is ordering an Ohio man to pay $54 million in restitution and penalties after allegedly running a fraudulent crypto trading scheme.
According to a new press release by the Commodity Futures Trading Commission (CFTC), Ohio resident Michale Ackerman has been ordered by a judge to pay $27 million in penalties and $27 million in damages for operating a crypto scam.
A federal court is ordering an Ohio man to pay $54 million in restitution and penalties after allegedly running a fraudulent crypto trading scheme.
According to a new press release by the Commodity Futures Trading Commission (CFTC), Ohio resident Michale Ackerman has been ordered by a judge to pay $27 million in penalties and $27 million in damages for operating a crypto scam.
Curve Finance Founder Sells 72 Million CRV, Brings Down CRV-Backed Debt By 21%
Michael Egorov, the man behind the automated market maker Curve Finance, has offloaded roughly 72 million Curve DAO tokens (CRV) in over-the-counter (OTC) trades since last week’s exploits on the DeFi protocol. Egorov’s recent sales came as he attempted to minimize his CRV-backed debts of over $100 million, which risk getting liquidated with CRV’s tanking price.
Curve Finance Founder Still Owes Over $80 MillionIn a summary of Michael Egorov’s recent OTC sales, on-chain analytics firm Lookonchain reported that the Curve Finance founder had sold CRV to 15 different institutions and investors at an average price of $0.4, raising over $28 million in the process.
Last week’s exploit on Curve, which drained over $47 million from the DeFi protocol, put a spotlight on Egorov’s hefty loans totaling $100 million that was backed by more than 427 million CRV, which accounted for 47% of the token’s total circulating supply.
Michael Egorov, the man behind the automated market maker Curve Finance, has offloaded roughly 72 million Curve DAO tokens (CRV) in over-the-counter (OTC) trades since last week’s exploits on the DeFi protocol. Egorov’s recent sales came as he attempted to minimize his CRV-backed debts of over $100 million, which risk getting liquidated with CRV’s tanking price.
Curve Finance Founder Still Owes Over $80 MillionIn a summary of Michael Egorov’s recent OTC sales, on-chain analytics firm Lookonchain reported that the Curve Finance founder had sold CRV to 15 different institutions and investors at an average price of $0.4, raising over $28 million in the process.
Last week’s exploit on Curve, which drained over $47 million from the DeFi protocol, put a spotlight on Egorov’s hefty loans totaling $100 million that was backed by more than 427 million CRV, which accounted for 47% of the token’s total circulating supply.
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few months.”
Kevin O’Leary Warns About Emerging Financial CrisisShark Tank star and O’Leary Ventures chairman Kevin O’Leary, aka Mr. Wonderful, warned about an impending financial crisis in an interview with Fox News, published Saturday. He said:
We have a crisis emerging … I’m talking about companies with five to 500 employees, which represent over 60% of our economy.
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few months.”
Kevin O’Leary Warns About Emerging Financial CrisisShark Tank star and O’Leary Ventures chairman Kevin O’Leary, aka Mr. Wonderful, warned about an impending financial crisis in an interview with Fox News, published Saturday. He said:
We have a crisis emerging … I’m talking about companies with five to 500 employees, which represent over 60% of our economy.
Stellar Lumen (XLM) Price Aims Fresh Rally If It Clears This Hurdle
Stellar lumen price is trading above $0.1050 against the US Dollar, like Bitcoin. XLM price must clear $0.1106 to gain bullish momentum.
Stellar Lumen Price Analysis (XLM to USD)After a steady increase, Stellar lumen price saw a rejection pattern near the $0.1165 zone against the US Dollar. The XLM/USD pair traded below the $0.1100 support and tested the $0.1020 zone.
A low is formed near $0.1011 and the price is now attempting a recovery wave. There was a break above the $0.1050 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1165 swing high to the $0.1011 low.
Stellar lumen price is trading above $0.1050 against the US Dollar, like Bitcoin. XLM price must clear $0.1106 to gain bullish momentum.
Stellar Lumen Price Analysis (XLM to USD)After a steady increase, Stellar lumen price saw a rejection pattern near the $0.1165 zone against the US Dollar. The XLM/USD pair traded below the $0.1100 support and tested the $0.1020 zone.
A low is formed near $0.1011 and the price is now attempting a recovery wave. There was a break above the $0.1050 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1165 swing high to the $0.1011 low.
Crypto Whale Profits Over $24,000,000 in Masterful Wrapped Bitcoin (WBTC) Trading: On-Chain Data
An unknown crypto trader has been spotted on-chain clocking massive profits trading Wrapped Bitcoin (WBTC).
According to blockchain tracking service Lookonchain, three wallets belonging to one “smart whale” deposited 1,957 WBTC worth $74.6 million into Binance on Friday.
An unknown crypto trader has been spotted on-chain clocking massive profits trading Wrapped Bitcoin (WBTC).
According to blockchain tracking service Lookonchain, three wallets belonging to one “smart whale” deposited 1,957 WBTC worth $74.6 million into Binance on Friday.
$670,000,000 in Liquidations Rocks Crypto Markets As Bitcoin ETF Rejection Predictions Swirl
After a strong start to the year, Bitcoin (BTC) and altcoins are weathering a sharp correction which has caused over $670 million in liquidations in mere hours.
According to crypto exchange data platform Coinglass, traders have suffered $670 million worth of liquidations in the last 24 hours, with the overwhelming majority being traders who were positioned long while markets corrected.
After a strong start to the year, Bitcoin (BTC) and altcoins are weathering a sharp correction which has caused over $670 million in liquidations in mere hours.
According to crypto exchange data platform Coinglass, traders have suffered $670 million worth of liquidations in the last 24 hours, with the overwhelming majority being traders who were positioned long while markets corrected.
BNB Holders Bullish on TGC after 120% Surge this Week as Binance Reclaims 50% Global Market Share
Binance regains 50% global market share, fuelling bullishness on TGC’s GambleFi potential.
Binance, the global cryptocurrency exchange, has surged back to dominance, securing nearly 50% of the worldwide market share, according to data reported by Kaiko.
This significant increase in market share has occurred over the last two months, coinciding with Binance’s settlement with the US Department of Justice (DoJ) and the approval of spot Bitcoin ETFs by the US SEC.
Binance regains 50% global market share, fuelling bullishness on TGC’s GambleFi potential.
Binance, the global cryptocurrency exchange, has surged back to dominance, securing nearly 50% of the worldwide market share, according to data reported by Kaiko.
This significant increase in market share has occurred over the last two months, coinciding with Binance’s settlement with the US Department of Justice (DoJ) and the approval of spot Bitcoin ETFs by the US SEC.
From Pocket Change to Millions: The Unbelievable Success of Those Who Invested $500 in Bitgert Coin – What’s Their Secret?
Bitgert-related rumors are driving the cryptocurrency world completely insane, but you can’t afford to fall behind! Due to its enormous potential for profit in the current bull market, investors are keeping a close eye on this blockchain initiative.
Crypto enthusiasts are curious that this blockchain coin rocket may easily bring in a million dollars or more for you by 2024 or beyond, with expert forecasts of it potentially 100x higher than its current levels.
Bitgert-related rumors are driving the cryptocurrency world completely insane, but you can’t afford to fall behind! Due to its enormous potential for profit in the current bull market, investors are keeping a close eye on this blockchain initiative.
Crypto enthusiasts are curious that this blockchain coin rocket may easily bring in a million dollars or more for you by 2024 or beyond, with expert forecasts of it potentially 100x higher than its current levels.
Presidential Hopeful Robert F. Kennedy Says He’ll Put Entire US Budget ‘On Blockchain’ for Transparency: Report
US presidential candidate Robert F. Kennedy says that he will employ blockchain technology in public finances if he wins the nation’s highest political office, according to a report by The Hill.
The report cites Kennedy saying at a rally in Michigan that he will use blockchain technology to enhance transparency and accountability in US public spending.
US presidential candidate Robert F. Kennedy says that he will employ blockchain technology in public finances if he wins the nation’s highest political office, according to a report by The Hill.
The report cites Kennedy saying at a rally in Michigan that he will use blockchain technology to enhance transparency and accountability in US public spending.