Category: Cryptocurrency News

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I have 0 clue as to what ethereum is and i am very eager to learning about it. For context, i’m pretty big on bitcoin but reading about ethereum and it seems very interesting. I see a lot of talk about how i can be used as a sort of utility. Can someone explain some…
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Render (RNDR), the cloud-based rendering network, is stirring excitement in the crypto market with technical indicators and analyst predictions hinting at a substantial price surge in the coming weeks or months. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Render Breaks Free From Technical Chains Technical analysis paints a bullish picture for RNDR. The token has recently broken out of a bullish technical pattern known as the Dragon Pattern, also referred to as the supply line. This breakout historically signifies a potential shift in momentum, with prices likely to trend upwards. RNDR 24-hour price action. Source: Coingecko Adding fuel to the fire, analysts are observing the formation of Three Rising Valleys on RNDR’s chart. This pattern suggests a potential market bottom has been established, indicating a reversal from previous downward trends. Furthermore, a bullish divergence on the four-hour chart hints at weakening selling pressure. In simpler terms, sellers are struggling to push prices down, failing to break below previous lows. $RENDER – It’s looking bullish in my opinion. Here is why 👇 • Dragon pattern aka the supply line which broke out already. • Potential 3 rising valleys in the making while we established a potential bottom. • 4 hour bullish divergence which means that sellers had a hard… pic.twitter.com/jMBzXWyG81 — Doji 🥷 (@SatsDoji) April 25, 2024 DoJi, a prominent crypto analyst, sees these technical indicators as a recipe for a price surge. Based on his analysis of the Three Rising Valleys, DoJi has set a price target of around $13 for RNDR. He even goes as far as suggesting a price explosion beyond $20 if historical price movements repeat themselves. According to DoJi, surpassing a key resistance level of $9.20 could be the catalyst that ignites this bullish momentum. RNDR Up 250% In 6 Months – But Can It Break Resistance? In the previous half-year, RNDR’s value rose by an astounding 250%. The pattern of impulsive and corrective moves in the price fluctuation points to a turbulent market. Forecasting the price trajectory of RNDR in the future offers both cautious and optimistic options. There is expected to be resistance at $10.90 and a larger barrier at $13.30. If the price drops, $6.18 or even lower, $3.79, may provide support. RNDR network adoption rate and general market trends could drive price fluctuations, but long-term indications like the 100-day average point to a possible stabilization around $8.92. RNDR market cap currently at $3.1 billion. Chart: TradingView.com Analyst Chimes In With Optimistic Predictions Meanwhile, DoJi isn’t the only crypto expert bullish on RNDR. Inspector Crypto, another well-respected analyst, has identified a bullish Inverse Head and Shoulders Pattern on RNDR’s chart. This pattern typically precedes a price increase, and Inspector Crypto has projected a target range of $14-$16 for RNDR based on this pattern. $RNDR | Inverse Head and Shoulders pattern target: $14-$16#RENDER #Solana #Bitcoin #AltCoinSeason2024 #Bullrun2024 #ADA #Xrp #AKT pic.twitter.com/VRO8gcTAiH — Inspector Crypto🕵🏻‍♂️📈 (@1nspector_G) April 26, 2024 The combined optimism from DoJi and Inspector Crypto reflects a broader sentiment of anticipation surrounding RNDR. While the token has experienced a slight dip in price recently, many analysts are closely monitoring its performance, waiting for the upswing signal. Featured image from Pexels, chart from TradingView

In an era increasingly defined by surveillance and oversight, Amir Taaki stands out as a key figure in the Bitcoin movement, sounding a clarion call for crypto awareness following the indictment of Samourai Wallet. Taaki’s latest initiative, “Darkfi,” seeks to pioneer a completely anonymous platform for collaborative fundraising and distribution, posing a challenge to existing […]

Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.

Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others.  ACE Exchange Defendants Face Potential Lengthy Jail Term On Friday, April 26, the Taipei District Prosecutors’ Office indicted 32 individuals involved in an alleged money laundering and fraud scheme. Among those indicted are Pan, his business partner Lin Keng-hong, and attorney Wang Chen-huan, who served as the exchange’s chairman.  Related Reading: Is A $72K Bitcoin Surge On The Horizon? Glassnode’s Latest Analysis Points To An Answer The prosecutors alleged that the defendants promoted investments in various tokens, including NFTC tokens, Bitnature coins, and MoChange – a token developed by Ace Exchange. Investigations revealed that the suspects crafted white papers and other documents to enhance the perceived legitimacy of these investments.  According to the prosecutors, the suspects advertised these tokens through various media outlets while artificially inflating their prices on their exchanges to lure investors. Investors, however, reported that they could not convert their tokens back into New Taiwan dollars as promised, prompting them to file complaints about the alleged fraud. A local news report disclosed that the losses amounted to approximately 800 million New Taiwan dollars ($24.56 million), a significant increase from earlier estimates of 340 million NT$. These fraudulent activities led to substantial financial losses for over 1200 investors, prompting the Taiwanese prosecutors to recommend prison sentences of at least 20 years for Pan and Lin. The prosecutors stated that approximately NT$43 million was transferred to Wang, who then invested NT$26 million back into the exchange to artificially boost the token prices. Wang, a high-ranking employee in a law firm, could face a minimum of 12 years behind bars if found guilty of assisting the scheme. Ace Exchange’s Stance And Response What’s more, investigations show that Pan and his partners generated at least NT$2.2 billion in revenue from the sale of tokens and other blockchain products. Prosecutors also found that they planned to hide the cash in various locations, using some funds to purchase real estate in Yilan County. Related Reading: Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading In response to these allegations, Ace Exchange stated that Pan had not been involved in the platform’s day-to-day operations since 2022, distancing itself from his alleged misconduct. The exchange also clarified that its operating conditions remained normal while being in full cooperation with the authorities. The total cryptocurrency market capitalization at $2.306 trillion on the daily timeframe | Source: TOTAL chart on TradingView Featured image from Mappr, chart from TradingView

I don't think this break any rules but feel free to remove if it does, I see endless of posts about people losing their crypto and I wanted to share my recovery story for a change of pace. About 3 months ago I put a sizable amount (about $5k) of money into ETH and being…
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In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct […]

Bought a new coin created yesterday and now I can't swap the tokens over to one of my other coins. Good chance I was in a scam token? It keeps saying failed transfer. Thing is it will only bring up the option to swap if I keep it under a couple of dollars but still…
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