Author: Scott Matherson

Bitcoin price rebounded after touching the 4-month low of $53,600, but analysts still suggest waiting a bit longer to confirm the changing trend in its price. Mt. Gox’s transfer of BTC, totaling the amount of $8 billion, makes Bitcoin suffer, but it gradually strikes back after gaining 3.8%, as per CoinMarketCap data. Crypto trader Dean noted that Bitcoin is still representing a strong downward trend. ”Good one. Interaction with channels usually means corrective pattern” Il Capo of Crypto stated on X The marking still echoes the bullish trend sound, making it difficult to make a decision. Bitcoin’s long-term bullish trend…

A Texas-based retailer filed a lawsuit against the Security, and To token airdrops, the Exchange Commission needs to get legal protection. Still, the authorities said, the lawsuit was based on a nonexistent policy. The SEC requested the judge dismiss the case filed by the American company, trying to shield itself from the regulatory inquiries over the past airdrop. On Wednesday, the SEC filed to toss a March 25 lawsuit from Beba and the DeFi Education Fund. The suit requested that a Waco District Court judge rule that Beba’s self-titled token airdrop was not a security. The SEC argued the case…

 The approval of Ethereum ETF can come anytime within July, as predicted by Steve Kurz, Digital’s head of asset management at Galaxy. He said the approval is expected in weeks but not in days. “Look, we’ve done this before. This is methodical, this is window dressing, the SEC is engaged,” Kurz stated in an interview with Bloomberg TV on July 2. Galaxy Digital is one of the asset managers firms with a proposed Ethereum ETF being reviewed by the United States SEC. It is working with Invesco on this ETF. “We’ve been doing this for months now, we did it…

Germany moved 52 million worth of Bitcoin and tactfully dumped 17. Around 65 million on major exchanges. Lookonchain also highlighted on July 2 that the German government made a massive Bitcoin transaction by transferring 832.7 BTC worth 52 million USD, including 282.7 BTC ($17. 65 million) to large trading platforms like Bitstamp, Kraken, and Coinbase. According to the Glassnode statistics, the German government held 49,858 BTC on January 16. Which currently stands at 43,859 BTC, down from 49,858 BTC after the transfer they made a few days ago where they sold 5,999 BTC. All these actions suggest that Germany remains…

Alibaba Cloud collaborates with CertiK to bolster blockchain security in a strategic partnership. In the partnership agreement, CertiK will use Alibaba Cloud to transfer its Asian cloud services and deploy a dozen blockchain solutions. Ronghui Gu, the CertiK co-founder, said, “For over five years, we have believed in the transformative power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud’s platform.” Deepening Collaborations: Alibaba Cloud Continues Partnership Expansion with CertiK The collaboration between CertiK and Alibaba Cloud started in May 2023, with CertiK Shield and CertiK Guard being integrated into Alibaba…

The rebound in Bitcoin Price suggests strong performance in July, but Mt. Gox expects a price recovery in Bitcoin. According to Analysts, there are strong chances of Bitcoin price recovery as it performed below the expectations of traders and fell about 7% in the previous month. During the last month, the price of Bitcoin dropped by 6.96% and has historically averaged a decline of 0.35% in June, according to data collected from Coinglass, which tracks Bitcoin’s monthly returns. Ali Martinez, a crypto analyst, posted on X that during the previous years, whenever June closed in a downtrend, it faced a…

Shiba Inu has recently become active again, but it is still not as active as it was in the past.Shiba Inu whales are slowly rebounding after a decline and the subsequent underperformance of the SHIB token, prompting more focus on on-chain metrics. SHIB had 47 major transactions on the last day, suggesting high activity from the large holders, after decreasing from its peak at 47 in the last week on June 29, proving that the whales are active again. Shiba Inu recorded a remarkable movement of 947.8 billion. It rose as high as 6 billion tokens per day. Approximately $6.24…

XRP is currently trading at approximately $0.47, while is diametrically opposed to bearish sentiment in derivatives markets, ChatGPT anticipated that the AI language model would rise to $4 if it ever breaks the long-sustained symmetrical triangle pattern. At the opening of the week, global crypto markets were in the red, with XRP, one of the most vulnerable coins of the top ten, slumping to near a week’s low of $0.46 before stabilizing at $0.476. Although XRP has been trading slightly downwards recently, ChatGPT predicts that it might go above $4 once it escapes from the symmetrical triangle, which has been…

This, together with the possible merging of Fetch AI, Ocean Protocol, and SingularityNET, has given much hope to the Crypto.com exchange’s current support statement. Indeed, Fetch AI continues to play a crucial role in driving the adoption of advanced Artificial Intelligence in Cryptocurrency, and this is even underscored by the performance of the FET coin over the last year. This is a clear indication that crypto AI is firmly entrenched in the market, given that its use recently expanded by 32%. While still in its early stages, Fetch AI sets itself apart by being an open-source architecture designed as an…

Following an intraday decline to $59,000, a well-known analyst has shared his/her opinion on BTC, claiming that the cryptocurrency will hold at the current prices. The crypto trader with almost half a million subscribers on X, known under the pseudonym Rekt Capital, posted a video urging people to buy BTC for a possible rise to $60k on the weekly chart. The analyst also points out that while the Bitcoin price cycle has been quicker in starting off in the present cycle, it has since slowed down, which means more of a conventional bull run is yet to be expected. Finally,…