News - Page 18

Bitcoin (BTC) price is overheating amid calls for a pullback to allow fresh liquidity to enter the market ahead of the next rebound targeting highs above $40,000. The bellwether cryptocurrency has experienced significant gains over the past year, with a 66.6% increase. However, recent data shows a slight decrease in value over the last 24 hours, trading at $34,370.

The Relative Strength Index (RSI) is a popular technical analysis tool used by traders to identify overbought and oversold conditions in the market. It measures the strength and speed of a price movement and provides insights into the potential direction of an asset.

In an interview with CoinDesk, Simon Barnby, Archax's chief marketing officer, stated that everyone is in the same state as them when it comes to applying for service provision. He emphasized that all participants are allowed to provide the service while the application process is ongoing. Barnby mentioned that if a participant successfully passes the application process, it is considered positive. However, if a participant does not pass, they would have to cease providing the service.

The United Kingdom is set to host the inaugural AI Safety Summit, bringing together government entities, academia, and leading AI companies to discuss the containment of risks associated with Artificial Intelligence. The summit is the brainchild of UK's Prime Minister Rishi Sunak, who aims to position Britain as a mediator between the economic powerhouses of the United States, China, and the European Union.

Tuesday was a much quieter day for Bankman-Fried compared to Monday. He seemed to have improved his responses, providing slightly tighter answers than before. However, his overall tone remained consistent with earlier in the week, giving the impression that he did not want to be there.

Crypto whales have recently made significant transfers of Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars. These transactions were detected by the blockchain tracker Whale Alert.

The global discussions surrounding artificial intelligence (AI) and real-world assets have experienced a sudden increase, according to data from Santiment. Traders and investors are now shifting their focus away from bullish or bearish markets. Instead, they are exploring the potential of AI and real-world assets as emerging hot spots in the financial landscape.

Vitalik Buterin, the co-founder of Ethereum, recently transferred 100 Ethereum (ETH) coins to Coinbase, sparking curiosity within the crypto community. This move, valued at approximately $181,000 on November 1, has left many wondering about its implications.

Amir Bruno Elmaani, the founder of the cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. This landmark case highlights the legal consequences faced by individuals in the crypto industry who fail to fulfill their tax obligations.

A trader who accurately predicted the bottom of Bitcoin's 2018 bear market believes that the cryptocurrency is on the verge of another significant upward movement. The trader, known as Bluntz, has a large following on the social media platform X and has identified a bullish pennant pattern in Bitcoin's current consolidation phase.

Name.com has confirmed that the domains are now routed back to their proper DNS under our control. They have assured us that they will provide us with information about the cause of the incident once they complete their full investigation tomorrow.

The crypto prices today have started the month on a positive note, continuing the rally from October. This upward momentum is in line with the "Uptober" sentiment that is typically observed in the digital asset space. The crypto market fear and greed index currently stands at 72, indicating a "greed" scenario in the market.

Ripple's native cryptocurrency XRP has maintained stability around the current level of $0.59, following the recent upsurge in the crypto market. Analysts expect a positive outcome for XRP going into November 2023.

Top Republican lawmakers are demanding that the U.S. Securities and Exchange Commission's (SEC) April 2022 rule on crypto accounting be blocked. They argue that the rule, known as Staff Accounting Bulletin (SAB) 121, is harmful and prevents companies from revealing their crypto asset balances.

A crypto strategist warns that Dogecoin (DOGE) may experience a deep pullback after failing to break through a key resistance level. The pseudonymous analyst, Rekt Capital, notes that Dogecoin respected its multi-month diagonal resistance last week, indicating a potential fall to its support at around $0.053. The recent weekly close below the channel top resistance suggests that the DOGE breakout is postponed, with previous similar closes resulting in downside movement. However, if DOGE can hold its highs and reclaim the channel top as support, there may still be a chance for an upward move. On the weekly chart, DOGE needs to convert the $0.07 resistance into support to confirm the channel breakout. At the time of writing, DOGE is trading at $0.0697.

The Financial Conduct Authority (FCA), the regulatory body responsible for overseeing financial markets and financial services firms in the United Kingdom, has issued a warning to UK customers regarding the crypto exchange Bitfinex. In a press release, the FCA states that Bitfinex may be promoting financial services or products without the necessary authorization or approval from the FCA. As a result, the FCA advises customers to avoid doing business with Bitfinex.