Solana rally follows Bitcoin price as SOL data points to traders’ $200 target

Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200-$6,500 price range.ETH price eyes $4K resistance breakoutThe first decisive break above the psychological $4,000-mark, which serves as a resistance…

Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year. 158 Total views 1 Total shares Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In…

Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more. One issue, however, that has refused to subside is front-running. Unscrupulous players are still finding ways…

Bitcoin is coming full circle to remove any trace of last weekend’s BTC price run-up, and liquidity is waiting below $60,000.

Bitcoin is not protected by Chinese law, a Fujian court reportedly rules — but other Chinese courts seem to have a different view. 789 Total views 19 Total shares As a virtual commodity, Bitcoin (BTC) cannot be protected by the Chinese law, a court in Fujian province reportedly ruled on May 13.Fujian court dismisses a…

The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean.Related: Not like before: Digital currencies debut amid COVID-19For example, on Sep. 10, Switzerland — a global center for the wealth management industry, housing around $2…

A trio of analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. 01.Falling wedges break upside 68% of the timeLast week, analyst Manu Naik pointed out…

Tesla founder, Elon Musk, recently discussed current difficulties amid massive U.S. money printing efforts, but failed to mention Bitcoin's inflation-proof model. In a recent interview with podcaster Joe Rogan, Elon Musk bashed inflation — a problem that Bitcoin fixes.Some of the current U.S. population sees the economy as an ever-flowing gift basket that will continuing…

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. 3521 Total views 15 Total shares China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project.According to a Feb. 22 Bloomberg report, MYbank and…