Author: cointechies

As Cardano’s downward spiral continues, data shows that the asset must hold key demand zones to avoid sharper price declines. Cardano (ADA) continues its trend below the psychological $1 price mark. The ninth-largest cryptocurrency by market capitalization fell below valuation in mid-December and capitulated further to a monthly low of $0.7620. Meanwhile, the Bears carry on dominate Happenings in the crypto market, with Cardano recording its third consecutive weekly downtrend last week. Amid the correction, data has shown Cardano’s crucial support levels. Critical levels for Cardano The analysis of IntoTheBlock insight has pointed to a strong demand wall that could…

As we approach the end of 2024, one thing remains constant: the incessant accumulation of Bitcoin by public and private entities. The latest HODL Top 70 data offers a fascinating insight into the companies that hold the world’s largest Bitcoin reserves. Together, these 70 organizations hold an impressive 591,726 Bitcoin, underscoring Bitcoin’s continued appeal as a strategic asset. Source: X The Titans of Bitcoin: MicroStrategy is the leader It’s not surprising Microstrategy continues to dominate the leaderboard, with an astronomical 444,262 Bitcoins in his coffers. Under the leadership of Bitcoin maximalist Michael Saylor, the company has made Bitcoin the cornerstone…

The Securities Commission of Malaysia has ordered Bybit and its chief officer to cease operations of all digital platforms in Malaysia and also to stop all advertising targeting Malaysian audiences. The SC published in its media release that it has initiated enforcement proceedings against Bybit, a cryptocurrency exchange, and its chief executive Ben Zhou for providing a crypto sales platform without sufficient registration on December 27. The platform was discontinued on all digital platforms operating in Malaysia from December 11 within 14 business days. This also includes Bybit’s website and mobile applications. The company must also stop advertising to Malaysian…

Will SUI price stay above $4 to avoid a crash towards the $3.50 demand zone? With increasing volatility in the crypto market, SUI is finding it difficult to maintain its price above the psychological $4 mark. This critical level serves as a crucial battleground for bulls and bears. After a bearish Sunday, the price of SUI is hovering around the $4 mark. With a market cap of $12 billion, SUI remains the 15th largest cryptocurrency. However, increasing bearish pressure suggests the possibility of a quick decline below the $4 mark. Traders are cautious as this psychological threshold is constantly being…

According to analysts, Ethereum, which has seen a significant increase in long-term holders in 2024, could potentially rise to as high as $6,000 in the first quarter of 2025. In a December 29 post, CryptoBullet, which has over 152,000 followers, noted that Ethereum is in the process of forming a bullish pennant pattern on the 1-day ETH/USDT chart. He expects this pattern to complete in the coming months, potentially leading to a massive increase to as high as $6,000 in the first quarter of 2025. In technical analysis, a bull pennant pattern forms after an asset experiences an uptrend and…

The recent Bitcoin price drop has caused the Crypto Fear & Greed Index to fall back to levels not seen since October. On December 30, the index was at 65, the first time it fell below 70 since October 24. Although it is still classified as “greed,” this is the lowest the index has reached since mid-October. Bitcoin saw a 13.7% decline in the last 12 days and its price hovered around $93,000. The decline has sent market participants into disarray, with traders warning of a “huge dump” and a shift towards stablecoins. The Fear & Greed Index measures market…

Solana-based SEND Arcade has released the second season of its Squid Game-inspired on-chain squad game. Players can mint tickets for Magic Eden starting December 30th. According to the official X post, SEND (SEND) Arcade has provided a total of 456 Squad Game Season 2 tickets for users to mint on Magic Eden starting December 30th. Each ticket is worth 0.69 SOL, which is equal to $133,177 based on current prices. The first phase is open only to whitelisted wallets, i.e. wallets that contain more than 50,000 SENDs at the time of the teaser announcement. The whitelist phase begins from 13:11…

Sundar Pichai, CEO of tech giant Google, recently organized a key year-end strategy meeting with employees where he discussed concerns that rival ChatGPT (owned by OpenAI) could become synonymous with artificial intelligence (AI), as did Google for internet searches. Pichai also reportedly urged Google employees to remain focused and agile for a “transformative 2025.” According to a report from CNBC, Google employees were told by Pichai to prepare for 2025 because “the stakes will be too high,” perhaps emphasizing Gemini (Google’s AI product) over its main rival ChatGPT apply. During the strategy meeting, Pichai also read questions from Google employees,…

Venture capitalist Chris Burniske says crypto investors with long-term conviction should look for entry into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says Bitcoin (BTC) has likely already hit its bull run lows, and given that “quality alternatives” have fallen significantly, there are opportunities for that Crypto bulls abound. “I love where the market is right now. BTC triggers fear of the abyss in people with PTSD (post-traumatic stress disorder) when it has already filled the liquidation wick and fallen by up to ~15% from its recent highs.…

Uniswap’s Chief Legal Officer (CLO), Katherine Minarik, has publicly called for a challenge to the Internal Revenue Service’s (IRS) recent decision classifying decentralized exchanges (DEXs) as brokers under US tax law. In a strongly worded statement, Minarik argued that the interpretation is fundamentally flawed and could stifle innovation in the cryptocurrency industry by placing impractical compliance burdens on decentralized platforms. IRS ruling sparks controversy Earlier this year, the IRS issued guidelines requiring DEXs to report user transactions, citing broader efforts to curb tax evasion. The ruling brings DEXs in line with traditional financial brokers and requires them to comply with…