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Showing posts from March, 2023

EOS Price Prediction for Today, March 30: EOS/USD Targets $1.30 Resistance

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Join Our Telegram channel to stay up to date on breaking news coverage The EOS price prediction shows that EOS needs to pull above the $1.25 resistance level to deny the bears the opportunity to enter the market. EOS Prediction Statistics Data: EOS price now – $1.22 EOS market cap – $1.2 billion EOS circulating supply – 1 billion EOS total supply – 1 billion EOS Coinmarketcap ranking – #42 EOS/USD Market Key Levels: Resistance levels: $1.40, $1.50, $1.60 Support levels: $0.95, $0.85, $0.75 EOSUSD – Daily Chart At the time of writing, EOS/USD heads to the north as all digital assets in the crypto market are posting incredible gains after what looks like a successful daily trading session. In addition, the EOS bullish action could be seen above the $1.20 resistance level to touch the daily high of $1.22 level. Meanwhile, an intraday high may form near the upper boundary of the channel. EOS Price Prediction: EOS May Spike to the Ups...

UK Government Drops Plan to Launch NFT With Royal Mint

The U.K. government has confirmed that it is not proceeding with a plan to launch a non-fungible token (NFT). British Prime Minister Rishi Sunak asked the Royal Mint to create an “NFT for Britain” while he was serving as the Chancellor of the Exchequer last year as part of his efforts to make the U.K. a global hub for crypto-asset technology and investment. Britain Drops NFT Plan Parliament Member Harriett Baldwin, chair of the House of Commons Treasury Select Committee and a member of the NATO Parliamentary Assembly, asked the Chancellor of the Exchequer “whether it remains the policy of his department that the Royal Mint issue a non-fungible token.” Wholly owned by His Majesty’s Treasury, the Royal Mint is the official mint of the U.K. and the maker of British coins. Responding to Baldwin’s question on Monday, Economic Secretary to the Treasury Andrew Griffith stated: In consultation with HM Treasury, the Royal Mint is not proceeding with the launch o...

Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, Following US Consumer Confidence Report

Bitcoin surged higher on Wednesday, as markets reacted strongly to better-than-expected consumer confidence figures in the United States. Data from the Conference Board showed that its monthly survey rose to a reading 104.2, better than the 101 sum expected. Ethereum also climbed, moving above $1,800. Bitcoin Bitcoin (BTC) once again moved above the $28,000 level on Wednesday, as markets reacted to the latest consumer confidence report in the United States. The increase in confidence is seen by some as validating the Federal Reserve’s recent decision to marginally hike rates. Following a low of $26,677.82 on Tuesday, BTC/USD raced to an intraday peak of $28,619.54 earlier in today’s session. Bitcoin chart by TradingView This latest surge in price occurred as the relative strength index (RSI) continued to move away from a recent floor at the 60.00 mark. As of writing, the index is tracking at the 64.27 level, which is marginally below its upcoming ceiling at 65....

Binance Caught in the Crossfire: CFTC Lawsuit Aimed at SEC?

Ben “BitBoy Crypto” Armstrong tweeted his opinion on the Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance. Armstrong believes that the CFTC’s lawsuit is more of a slight against the U.S. Securities Exchange Commission (SEC) rather than against Binance. Told you earlier this is my opinion. This is more of a shot at the SEC than a shot at Binance https://t.co/hlDJ1bZ4TM — Ben Armstrong (@Bitboy_Crypto) March 28, 2023 In a previous tweet, Armstrong shared a screenshot of details regarding the CFTC lawsuit. The screenshot showed that the CFTC considers bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT), and Binance USD (BUSD) as commodities. CFTC considers $BTC, $ETH, $LTC, $ $BUSD to ge commodities pic.twitter.com/kHat0TvJMK — Ben Armstrong (@Bitboy_Crypto) March 27, 2023 Notably, this is a contrast to the SEC’s stance on the matter. The SEC publicly considers cryptocurrencies and digital assets a...

STG Network Growth Hits ATH Despite Its Price Dwindling

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Santiment (@santimentfeed), tweeted this morning that Stargate’s network growth on Arbitrum managed to hit an all-time high (ATH) yesterday despite its price retracing 51% since its peak, which was reached on 18 February. Stargate’s network growth on Arbitrum (Source: Santiment) According to the tweet, Stargate (STG) saw 4,683 new addresses created yesterday. Santiment also stated that the increase in new active addresses on the Stargate Network could be linked to active voting. #Stargate's network growth on #Arbitrum managed to hit an #AllTimeHigh yesterday despite its -51% price retrace since its Feb 18th top. Our latest insight discusses the Stargate DAO active voting as a likely contributor, and its high risk/reward nature. https://t.co/tcCFElDy2m pic.twitter.com/kpV6JKhRPv — Santiment (@santimentfeed) March 28, 2023 At press time, the price of STG has fallen 1.87% in the last 24 hours according to CoinMarketCap. As a result, STG’s price currently sta...

MicroStrategy Repays $250M Silvergate Loan and Buys 6,500 More BTC

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Join Our Telegram channel to stay up to date on breaking news coverage Business intelligence firm MicroStrategy and the largest corporate Bitcoin holder has paid off its $205 million loan from failed, crypto-focused Silvergate Bank. The firm also added more BTC worth $150 to its Bitcoin reserve.  The software company cited U.S. Securities and Exchange Commission (SEC) form 8-K filing on Monday that the loan from the defunct crypto-friendly bank was retired nearly two years early, releasing about 34,619 coins that were kept as collateral. MicroStrategy stated that it sold shares this year to raise $339.4 million and used the profits from the sale of its shares to pay off the remaining balance of the loan from Silvergate Bank.  MicroStrategy co-founders and an ardent Bitcoin advocate Michael Saylor revealed these developments in a Monday, March 27 tweet saying the company “repaid its $205M Silvergate loan at a 22% discount.”  The former Chief Executive...

LUNC Price Prediction: LUNC Slumps as Crypto Market Rally – Is a Rebound Imminent?

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Join Our Telegram channel to stay up to date on breaking news coverage The crypto market is seeing a slight retracement as Bitcoin and Ethereum shed some of their gains. So far, the nascent industry has remained in the $1 trillion market cap bracket, positing that the bull run is not yet over. Despite the market’s positive movement, the defunct LUNC asset is still struggling to catch up to these top digital assets, falling by 2.60% in the last day. Part of the slump can also be attributed to Terra co-founder Do Kwon’s recent arrest in Montenegro on forgery charges. Will we see LUNC rebound and enjoy the influence of the market to reach new price levels? Possible Rebound for LUNC At the time of writing, the Terra classic coin price is trading at $0.000124 with a 24-hour trading volume of $46 million. The crypto asset has experienced a downtrend of 2.60% in the last 24 hours. This steady slump in value has been consistent, with an 8.4% drop in the past week and 25....

LitLab Games Integrates Chainlink VRF

LitLab Games — the web3 publisher and studio company — has integrated Chainlink Verifiable Random Function (VRF) on BNB Chain mainnet through JoePegs collaboration. By integrating the industry-leading decentralized oracle network, they now have access to a tamper-proof and auditable source of randomness needed to randomize the minting mechanism for the first INO of CyberTitans : “Origins”. Eventually, this produces a more interesting and transparent user experience because users can be confident that the OGs and HYBRID NFTs in this first collection will be completely randomized and that luck will direct your path. With the first INO “Origins,” players will have access to a variety of activities within the CyberTitans ecosystem, ranging from genuine digital assets in-game to priority for future tournaments and events. In order to comply 100% with the distribution of the different NFTs based on lucky draws, they need access to a secure random number generator (RNG) that any u...

US Treasury Secretary Calls Unscheduled Meeting with Top Financial Regulators

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US Treasury Secretary, Janet Yellen, has called an unscheduled meeting with top financial regulators. Moreover, Bloomberg reported the meeting will be closed to the public, and feature the Financial Stability Oversight Council (FSOC). The meeting takes place amidst the growing turmoil within the nation’s banking sector. Specifically, Yellen is reportedly calling on regulators to address market and depositors’ concerns, with leaders of the Federal Reserve, and the FDIC. JUST IN: Treasury Secretary Janet Yellen calls top US financial regulators for an unscheduled meeting today that is closed to the public. — Watcher.Guru (@WatcherGuru) March 24, 2023 US Treasury Calls Closed FSOC Meeting Following what was the most important FOMC meeting in some time, the Federal Reserve opted to once again raise interest rates. Subsequently, the decision drew some criticism over the decision amidst continued worry within the country’s banking sector. A factor that is set to be address...

Deloitte dives into immersive experiences as more industries turn to Web3

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The Big 4 accounting firm is betting on immersive experiences and other Web3 solutions to address various corporate needs. Immersive experiences are already popular in the entertainment, gaming, and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations.  Deloitte made this bet in late February when it announced a partnership with virtual spaces company Vatom to offer immersive experiences for various industries , from companies seeking to boost culture with virtual reality to brands focused on building community engagement. Together, the companies claim to deliver the ability to host thousands of people simultaneously in the same virtual space at the same time, along with a cross-chain wallet and access to a collection of digital assets and tokens of their Metaverse experiences . Training Underground - Virtual Reality. Source: Deloitte The hidden goal, h...

Dogecoin Could Rally Hard if This Happens

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Dogecoin is moving at a conservative pace in 2023, and its growth has been tepid compared to its 2021 parabolic bull run. The latest cryptocurrency rally where Bitcoin climbed above $28,000 and Ethereum at $1,800, failed to trigger a price rally for the memecoin. The recent rally did not move Dogecoin ’s needle toward greener pastures as it only topped 2.8% in the last 14 days. On the other hand, Bitcoin is up 27.7% in 2 weeks while Ethereum stands at 15.8% during the same period. Also Read: Ripple: XRP Headed Towards $0.50 After a Stellar 25% Rise Dogecoin: Here’s What Could Make It Rally Despite the negative outlook, Dogecoin could find a breakthrough in the indices if a shift occurs in the whale community, forecasted by on-chain and metrics firm IntoTheBlock. According to recent data, whale concentration in Dogecoin is growing when compared to the growth of retail investors. The whales currently hold 45.53% of the overall DOGE supply worth 63 billion units. On the...

GMX Exchange Possibly Moving to Coinbase's 'Base' Blockchain

The GMX community has spoken in favor of implementing the protocol on Coinbase’s (COIN) recently announced layer 2 blockchain, BASE. GMX provides spot and futures trading and has a total value locked (TVL) of $582 million. According to Defillama, it is the largest DeFi protocol on Arbitrum. Although most were in favor of moving to Coinbase, others were concerned. Some are worried whether the project’s unknown creators would need to provide Coinbase with identification documents. Unlike the recently airdropped Arbitrum token, Base is a layer-2 blockchain that was created using Optimism’s OP stack. It will feed into the Ethereum mainnet and lacks a native token. Advantages of GMX moving to Coinbase Coinbase hopes to hasten the development of its on-chain products with the introduction of the BASE token. The Coinbase wallet is one of the top products. It is a self-custody wallet that is tightly integrated into the ecosystem of the platform. The company seeks to boost its own investm...

Biggest Crypto Gainers Today, March 20 – QTUM, NEO, LHINU, FGHT, CCHG, METRO, TARO

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Join Our Telegram channel to stay up to date on breaking news coverage The digital asset market has grown at a phenomenal pace in just over a decade. Today, the total market capitalization of the entire cryptocurrency stands at over $1.2 trillion. Every day a new currency launches offering unique Features and scalability. In such a condition, it is impossible to keep up with each new coin and keep track of where to invest. We aim to make this process easier by doing the heavy work for you. So that you can have all the information at your fingertips. Have a look at our today ’ s biggest crypto gainers. QTUM Some of the words that come to our mind when we think of Qtum are fast, green, stable, and decentralized. It is a cryptocurrency software that is designed to combine the best of the Bitcoin and Ethereum models. It is different from other blockchains because of the following parameters. Qtum offers more decentralized governance as compared to other blockchains. The pl...