roadrunner

This week, during a recent interview, the renowned geo-macro economist and acclaimed author Dr. Nomi Prins shared insights on the Federal Reserve’s future actions, particularly regarding whether the central bank will reduce the federal funds rate come March. Prins mentioned that we might see a form of quantitative easing (QE), though it might not manifest […]View the full article

As we usher in the Year of the Dragon this coming weekend on Feb. 10, 2024, per the Chinese zodiac, a significant swath of cryptocurrency enthusiasts are optimistic that bitcoin is on the cusp of a substantial bull market. This optimism is rooted in the Dragon year’s traditional association with prosperity, formidable strength, and dominion. […]View the full article

At 10:00 a.m. EDT on Feb. 9, 2024, the nine recently launched spot bitcoin exchange-traded funds (ETFs) collectively possess 202,868.61 bitcoin, valued at $9.56 billion according to current exchange rates. New ETFs Command Over 200,000 Bitcoin In the last 28 days, spot bitcoin ETFs introduced by Blackrock, Fidelity, Ark Invest, Bitwise, Invesco, Vaneck, Valkyrie, Franklin […]View the full article

A class action lawsuit has been filed against the National Basketball Association (NBA), accusing the league of gross negligence through its marketing agreements with the now-bankrupt crypto exchange Voyager Digital Holdings, leading to investor losses of over $4.2 billion. NBA Hit With Class Action Lawsuit Over Alleged Negligent Crypto Promotions The NBA is embroiled in […]View the full article

In a remarkable display of strength, bitcoin surged to a high of $47,526 on Feb. 9, 2024, marking a significant uptrend in its price. With a market capitalization of $921 billion and a 24-hour trade volume of $32.56 billion, the market sentiment is overwhelmingly positive. Bitcoin Oscillators and moving averages signal a bullish consensus, while […]View the full article

Approval of spot bitcoin exchange-traded funds may necessitate the release of a third iteration of the Token Safe Harbor Proposal, Hester Pierce, a commissioner with the U.S. Securities and Exchange Commission, has said. The commissioner argued that it’s illogical to subject a nascent token project to the same disclosure rules applicable to a company with […]View the full article

The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to integrate feedback from stakeholders into a revised draft. This updated version of the draft bill is due […]View the full article

In a move to possibly align more with the SEC regulatory framework, Ark Invest and 21shares have amended their filing for a spot ether ETF, introducing a cash creation and redemption mechanism that mirrors the SEC’s recent approval criteria for spot bitcoin ETFs. Cathie Wood’s Ark Invest Updates Ether ETF Filing, Introduces Cash Mechanism Ark […]View the full article

The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s Digital Asset Industry To establish Thailand as a hub for digital assets, the Bangkok […]View the full article

Tradestation has reached a settlement with the Securities and Exchange Commission (SEC) and state regulatory bodies, agreeing to pay $3 million in fines for offering an unregistered crypto asset lending product to U.S. investors, a move that promised interest earnings on deposits without proper registration. Tradestation Settles SEC and State Charges for $3 Million Tradestation […]View the full article

In its 2024 National Risk Assessments, the U.S. Department of the Treasury has unveiled the concerning trend of criminals increasingly turning to cryptocurrencies to finance illegal activities. US Treasury Reports Identify Crypto’s Role in Illicit Finance The U.S. Department of the Treasury announced in a press release that it has issued its 2024 National Risk […]View the full article

The Hashgraph Association, a nonprofit organization based in Switzerland, announced on Feb. 7 that it had partnered with Saudi Arabia’s Ministry of Investment to launch a deep tech venture studio. The venture studio’s objective is to assist both Saudi and foreign companies develop innovative solutions using deep tech, such as artificial intelligence (AI), blockchain, and […]View the full article

Arthur Hayes, former CEO of crypto exchange Bitmex, has predicted a remarkable surge in the price of bitcoin, envisioning it reaching $1 million amidst anticipated banking bailout measures and significant money printing by the Federal Reserve. Hayes expects the troubled New York Community Bancorp (NYCB) to become bankrupt after Moody’s cut its credit rating to […]View the full article

Rich Dad Poor Dad author Robert Kiyosaki has reiterated his concerns about the U.S. economy, predicting investor losses amidst bank failures and a global economic crash. “For many years I have warned, ‘Buy gold, silver, bitcoin.’ We are not going in for a soft landing,” he stressed. Robert Kiyosaki Sees No Soft Landing Rich Dad […]View the full article

Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s troubles have ignited concerns over a potential banking contagion that continues to unsettle regional banks. On Wednesday, the recently […]View the full article

The leadership of Haru Invest finds itself behind bars, facing allegations of defrauding 16,000 customers by embezzling hundreds of millions of dollars under the guise of offering safe, high-yield crypto investments. Haru Invest Executives Arrested for $826 Million Embezzlement South Korean authorities have arrested three executives of the crypto yield platform Haru Invest, including the […]View the full article

PRESS RELEASE. LBank Labs, a prominent player in the blockchain and cryptocurrency space, is excited to announce its investment in Navi Protocol, an inaugural Native One-Stop Liquidity Protocol on Sui, offering users opportunities as liquidity providers or borrowers within the Sui Ecosystem. LBank Labs joins other notable investors such as OKX Ventures, DAO5, and Hashed […]View the full article

The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation of “bold reforms” and residents’ help in easing pressure on the naira. However, critics have faulted the central bank’s policies including the devaluation of the local currency in 2023 for worsening the plight of millions. Ordinary Nigerians […]View the full article

Paradigm has stepped up to back Kalshi in its legal battle against the Commodity Futures Trading Commission (CFTC), defending the right to offer prediction markets in the U.S. Congressional elections, and arguing for the critical role such markets play in risk management and information dissemination within the crypto industry. Legal Battle Brews as Paradigm Supports […]View the full article

Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed, questioning Yellen how the council believes existing laws should apply bitcoin, ether, and non-security crypto assets. […]View the full article

Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). “We are a publicly-traded operating company committed to […]View the full article

PRESS RELEASE. LBank, a leading global digital asset trading platform, proudly announces the integration of Oasys into its diverse trading portfolio. This strategic move not only enhances LBank’s offering in the blockchain gaming sector but also marks a significant milestone for Oasys, heralding a new era in the blockchain gaming revolution. Oasys: A New Paradigm […]View the full article

The United States Securities and Exchange Commission (SEC) has delayed its ruling on the Invesco Galaxy ether exchange-traded fund (ETF), and has now been pushed to potentially July 2024 after opening the proposal to public comments. Invesco and Galaxy Spot Ethereum ETF Decision Delayed by SEC The SEC has once again postponed its verdict on […]View the full article

After the leading privacy crypto token monero experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s daily trading volume, amounting to $256.91 million over the past 24 hours. Monero’s […]View the full article

Bitcoin’s price is holding above the $43,000 range after bulls defended key support levels over the weekend. The leading crypto asset is up 2% week-to-date and 5.6% over the past two weeks. Bitcoin On the 1-hour chart, bitcoin’s price action shows a short-term uptrend, with higher lows indicating continued buying interest. The bulls have managed to defend support around $42,243, which could now act as a potential entry point on pullbacks. Resistance builds around the $43,210 range as bulls have yet to cross it. Zooming out to the 4-hour chart, the picture is somewhat choppier but an uptrend is emerging, with a series of higher highs and higher lows. The critical support to watch is around $41,859, where the bulls could look to enter long positions. On this chart, resistance stands at $43,738, where selling pressure may emerge. Bitcoin chart by TradingView On the daily timeframe, bitcoin is consolidating after a previous downtrend. While still rangebound, the market bias appears tilted to the upside here. The key support at $38,505 was held firmly during the recent pullback, keeping the bulls in control. The resistance line is at $49,048, the year’s all-time price high. Overall, the oscillators and moving averages (MAs) corroborate the uptrend across the short, medium, and long-term timeframes. The relative strength index (RSI), Stochastic, commodity channel index (CCI), and moving average convergence/divergence (MACD) all signal bullish momentum at press time. The multiple timeframe analysis suggests bitcoin’s uptrend remains intact. Traders can look to buy dips with tight stop losses placed below critical support levels. Initial upside targets exist around resistance zones, but traders should also consider trailing stop losses to capitalize on extended moves to the upside. The bulls remain in control so long as support continues holding. Bull Verdict: The confluence of bullish signals across the short, medium, and long-term timeframes paints a decisively bullish picture. Bitcoin appears poised to continue its uptrend as long as critical support levels hold. Traders can look to buy the dips, targeting the overhead resistance zones. The path of least resistance remains to the upside. Bear Verdict: While bitcoin has shown some bullish signals, the risk of a trend reversal remains if critical support levels fail to hold. Traders should exercise caution when looking for long entries, maintaining tight stop losses below support. The choppy price action suggests potential exhaustion among bulls. Until bitcoin can gain upside momentum above resistance, the bears may look to trap bullish traders. Register your email here to get weekly price analysis updates sent to your inbox: What do you think about bitcoin’s market action on Monday? Share your thoughts and opinions about this subject in the comments section below. View the full article