Lawyers for Terraform Labs and its co-founder Do Kwon say a fine closer to $1 million is more appropriate after being found guilty of fraud.
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Will Hong Kong Crypto ETFs Outpace US on First Trading Day?
On the eve of the historic launch of Hong Kong’s first virtual asset ETFs, China Asset Management (Hong Kong) held a detailed briefing discussing the expected market impact and distinctive features of these new investment products. The press conference delivered by Zhu Haokang, head of digital asset management, and Wayne Huang, head of OSL ETF The post Will Hong Kong Crypto ETFs Outpace US on First Trading Day? appeared first on CoinGape .
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BDAG X10 Mobile Miner vs. Internet Computer and ETH Price Prediction
30,000x ROI Potential: BlockDAG X10 Mobile Miner Simplifies Crypto Mining Amid ETH Predictions and ICP Developments Cryptocurrency mining can be daunting for those new to the scene, with its typically complex equipment and significant initial investments. This landscape, however, is being transformed by innovative technologies such as BlockDAG‘s X10 Mobile
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Expert Flags Dangers Of Spot Bitcoin ETFs: Labels Them ‘Orange FOMO Poker Chips’
Market expert and researcher Jim Bianco recently voiced cautionary remarks regarding the alleged risks of spot Bitcoin ETFs. Bianco’s insights shed light on these ETFs’ implications for the market and address specific concerns related to investor behavior. Minimal Involvement In New Bitcoin ETFs? In a thought-provoking social media post on X (formerly Twitter), Bianco emphasized his
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BlockDAG’s $21.6M Presale and Moon-Shot Keynote Shine in Top 6 Upcoming Crypto ICOs for 2024
The cryptocurrency scene is shaking with anticipation for the top six upcoming ICOs, especially with BlockDAG leading the pack. With a striking $21.6 million already secured in its presale and groundbreaking financial approaches, BlockDAG is setting a high benchmark in the crypto world. This review will highlight why investing in these ICOs, particularly BlockDAG, could The post BlockDAG’s $21.6M Presale and Moon-Shot Keynote Shine in Top 6 Upcoming Crypto ICOs for 2024 appeared first on Live Bitcoin News .
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$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level
Bitcoin bulls may soon be back in business. According to Willy Woo, an on-chain analyst, market data shows that urgent “market sells” responsible for forcing the coin from all-time highs are now falling. This development may prop up prices, preventing further sell-offs. Bitcoin Selling Pressure Easing This preview is due to falling Cumulative Volume Delta (CVD) data, an on-chain indicator that can also track market sentiment. Specifically, it tracks buying and selling aggression from market participants. Now that CVD is dropping, Woo says more BTC holders are likely willing to weather the storm. Their decision may directly support prices. Woo adds that BTC must reject selling pressure and end the current short-term weakness as things stand. As on-chain data shows, BTC should stay above $59,600. The CVD lie has historically separated bullish and bearish zones. Related Reading: Polygon In Peril: Will MATIC Bounce Back Or Stay Stuck In The Sub-$1 Doldrums? Based on this, BTC should remain above the $60,000 round number for the uptrend to be sustained. If not, and bears take over, pressing prices lower below the CVD level could signal the beginning of a new bear regime. Thus far, BTC is under immense selling pressure, shaving approximately 15% from all-time highs. The coin has support at around the $60,000 and $61,000 zone, moving inside a range. Resistance is at an all-time high of around $74,000 on the upper end. Based on this preview, any losses below $60,000, as Woo notes, would likely see BTC dump. The coin might drop to $53,000 in the short term, torching stop losses and fueling the sell-off. Will Hong Kong Spot ETF Launch Lift Prices? Whether BTC bulls will flow back depends mostly on institutional involvement in the days to come. Following the approval of spot Bitcoin exchange-traded funds (ETFs) in January, prices spiked higher, breaking previous all-time highs. Institutional involvement has been vital. However, inflows have slowed down, especially in the last two weeks of April. Analysts are now looking at the launch of spot Bitcoin ETFs in Hong Kong on April 30. Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? In a recent interview, Zhu Haokang, the Head of Digital Asset Management in Hong Kong, is bullish. Haokang expects trading volume to eclipse those seen in the United States. The executive says the product is unique, allowing for a physical subscription that’s more attractive for BTC miners. Moreover, it is global, drawing interest from Singapore and the Middle East investors. Feature image from DALLE, chart from TradingView
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Breaking: EigenLayer Floats EIGEN Token Whitepaper On GitHub
Ethereum-based Liquid restaking protocol EigenLayer has released the Whitepaper for its EIGEN native token on GitHub. This move has further stirred widespread anticipation in the crypto ecosystem as EigenLayer is establishing its foothold as one of the biggest projects in the industry thus far this year. EigenLayer Tokenomics and Incentives Spotlighted As unveiled by the The post Breaking: EigenLayer Floats EIGEN Token Whitepaper On GitHub appeared first on CoinGape .
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Will solana take over ethereum by end of 2024 ?
Amid crypto market crash following Bitcoin halving, Solana and Ethereum show different levels of performance. Solana’s annual increase of 480.53% contrasts with Ethereum’s decrease of 66.68%. During the previous week, Solana had a drop of 12.05%, whereas Ethereum had a smaller decrease of 1.06%. This article will analyze their most recent market performance, evaluating their The post Will solana take over ethereum by end of 2024 ? appeared first on CoinGape .
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US SEC Slammed By Lawmaker Over Misleading Ethereum Security Tag
SEC Chairman Gary Gensler’s insistent categorization of Ethereum (ETH) as security has attracted a comment from American attorney and lawmaker Thomas Emmer. The United States Representative perceives a hint of dishonesty in the lack of a clear stance on the matter. SEC Accused of Regulatory Dishonesty According to FOX Business reporter Eleanor Terrett, her conversation The post US SEC Slammed By Lawmaker Over Misleading Ethereum Security Tag appeared first on CoinGape .
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