Avalanche price has crawled back in the past three days and was attempting to cross the 50-day moving average. AVAX, the thirteenth biggest cryptocurrency, was trading at $27.10, up from this week’s low of $22.75. Traders are now hoping that more gains will push it up by 56% to the key resistance at $42. Avalanche Price Looking to Retest $42 Technicals point to a potential Avalanche price rally, which could
November 7, 2024 – Wilmington, Delaware Rekt Brands Inc. (Rekt) – the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt brand intellectual property – is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community – without institutional venture capital – this achievement highlights the support Rekt received from its loyal and growing network. This funding
The recent victory of Donald Trump in the 2024 U.S. election has sparked heightened interest in the crypto market. Investors are closely eyeing select tokens, anticipating significant gains driven by increased trading volume and speculative buying. These crypto-to-buy tokens may experience rapid value increases in the coming week after their recent surge, offering enticing opportunities for quick returns. 4 Crypto to Buy Now That Could Skyrocket by Next Week The
Block Inc., formerly known as Square, led by Jack Dorsey is redirecting its strategy to Bitcoin mining and self-custody wallets as it reduces its funding on the decentralized web projects and the music streaming app, Tidal. This strategic shift was made shortly after Trump’s win in the recent U.S. presidential election, which has positive sentiment in the cryptocurrency industry. Trump supported the digital asset industry during his presidential campaign, and
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses. Source link
A popular crypto strategist is suddenly flipping bullish on an altcoin connected to a viral game on the encrypted messaging platform Telegram. Analyst Ali Martinez tells his 77,300 followers on the social media platform X that Notcoin (NOT) could soar 100% from its current value. “Notcoin is showing a promising risk-to-reward setup. With a falling wedge pattern forming, it could be primed for a bullish breakout toward $0.012!” Source: Ali
The US Federal Reserve Chairman Jerome Powell has reiterated the next plan for the bank following its latest 25 basis points interest rate cut. In a widely televised speech, the Fed Chair said the United States economy is not on a preset course, implying more monitoring is necessary. Despite the continuously dovish stance from the Fed, cautious statement has fueled the take on what next for the market. Jerome Powell
Caroline Ellison, former CEO of Alameda Research and key witness in the case against FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday. In September, the court sentenced Ellison to two years in prison and ordered her to forfeit $11 billion for her role in the fraud and conspiracy that collapsed the cryptocurrency exchange once valued at $32 billion. Caroline Ellison Begins Prison Sentence Caroline Ellison, the star witness in
Square is also focusing more on its self-custody wallet, Bitkey, which the company started shipping in March. At the time, the company said that Bitkey will not only provide standard wallet functionality, but also connect to Block’s payments platform Cash App and crypto exchange Coinbase (COIN) to allow buying and selling BTC. Source link
Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after serving as the prosecution’s star witness. Ellison was sentenced to prison and ordered to forfeit $11 billion for her role in
