VALR, the largest cryptocurrency exchange in South Africa has bagged a license in Poland as the company set sights on a wider global expansion. The recent company’s effort after it received a license from financial regulators in South Africa and now plots to take on top crypto exchanges according to Reuters. The expansion plan of The post VALR Bags Regulatory Nod In Poland In Major Global Expansion Push appeared first on CoinGape .
Speculation intensifies over the future of Binance founder Changpeng Zhao, known as CZ, amid reports of his sole ownership of Binance France. The revelation has triggered discussions regarding the potential ramifications, especially as European regulators scrutinize Binance’s legal standing. Notably, with ongoing legal battles and impending regulatory decisions, the fate of Binance and CZ remains The post Changpeng Zhao’s Binance France Ownership Raises Regulatory Concerns appeared first on CoinGape .
April witnessed a significant shift in Bitcoin’s market dynamics as it faced substantial outflows totaling $182 million from 11 US spot ETFs. This marked a stark departure from the previous month, where the cryptocurrency enjoyed a robust inflow of $4.6 billion in March. The excitement surrounding US exchange-traded funds for Bitcoin has noticeably waned, contributing The post Bitcoin Faces $182M Outflows Amid Cooling ETF Demand: Bloomberg appeared first on CoinGape .
The sentencing hearing of Binance co-founder and former CEO Changpeng ‘CZ’ Zhao is underway with reports suggesting a potentially lower jail term than the 36 months proposed by the United States Department of Justice (DOJ) Changpeng ‘CZ’ Zhao May Get Lenient Sentence According to the live account from the Court, Judge Richard Jones said he The post Breaking: Changpeng ‘CZ’ Zhao Might Get 10 -16 Months Jail Time appeared first on CoinGape .
Dogecoin price forecast: DOGE, a popular meme-inspired cryptocurrency, recently saw its value decrease significantly. Over the past 24 hours, Dogecoin price has dropped by over 5%, reaching a new low of $0.1346. This downturn is part of a broader negative trend affecting the entire cryptocurrency market. Despite a slight decrease in overall value, Dogecoin has The post DOGE Price Forecast: Can Dogecoin Finally Reach $0.2 On Rising Whale Interest? appeared first on CoinGape .
The spot CVD has also been in a steady downtrend since 22nd April, underlining a lack of demand for Dogecoin.
Coinbase, the largest U.S. crypto exchange by trading volume, has formally added support for the Lightning Network, a layer 2 solution that is aimed at enabling quicker and cheaper Bitcoin transactions. The roll-out that begins today follows an announcement by the exchange seven months ago, saying it will adopt the protocol. The Lightning Network is The post Breaking: Coinbase Rolls out Bitcoin Lightning Network appeared first on CoinGape .
The crypto exchange HKVAEX linked to the world’s largest crypto exchange Binance to now fully ceased operations in Hong Kong, as reported earlier by CoinGape. HKVAEX recently revealed a statement to cease withdrawals from the crypto exchange on April 30, shutting down all operations starting May 1. The cease in operations coincides with the launch The post Binance Crypto Exchange HKVAEX Ceases Withdrawals in Hong Kong Amid ETFs Debut appeared first on CoinGape .
Michael Saylor, co-founder and executive chairman of business intelligence company MicroStrategy, went on a Bitcoin (BTC) buying spree in 2020 that has since paid off in a major way. Saylor Turns $1 Salary Into $400 Million According to a Fortune Magazine report, Saylor has reportedly pocketed an estimated $400 million from pre-planned daily sales of
Crypto analyst Ali Martinez has provided insights into why $59,800 is a crucial price level for the Bitcoin future trajectory. The analyst revealed two things that could happen if the flagship crypto drops that low. Why $59,800 Is An Important Level For Bitcoin Martinez mentioned in an X (formerly Twitter) post that the Bitcoin short-term holder’s (STH) realized price is at $59,800. He added that BTC historically often bounces off this level during an uptrend, which would mean that the flagship crypto could experience a massive pump if it were to drop to that price level. Source: Glassnode However, Martinez also warned of what could happen if Bitcoin fails to experience this bounce, noting that a fall below this level could “trigger notable Bitcoin price corrections.” Although the crypto analyst didn’t mention how low Bitcoin could drop, his choice of words suggests that a price breakdown for the crypto token could be severe. STH is an important metric that measures the average price at which Bitcoin short-term investors bought the crypto token. A drop to that level suggests that these short-term investors have realized their profits, which leaves room for Bitcoin to make another run following this wave of sell-offs. On the other hand, as Martinez warned, Bitcoin could drop further if it fails to establish support at that level. This brings crypto analyst DonAlt’s recent prediction into context. He hinted that BTC could fall between $52,000 and $47,000 if it eventually breaks the $60,000 support level. Meanwhile, Martinez also drew the crypto community’s attention to the $61,900 mark, which he remarked has “consistently been a crucial support level for Bitcoin.” He further claimed that BTC could rise to as high as $71,000 if it continues to hold above that level. Is The BTC Top In? In a more recent X post, Martinez gave his opinion on whether or not Bitcoin has reached its market top. He tried to analyze it from both sides of the divide. First, he noted that a spike in BTC’s realized profits has “historically coincided with market tops.” He then revealed that Bitcoin’s realized profits skyrocketed to $3.52 billion when it hit $73,880 last month. This would suggest that the market top was indeed in. However, Martinez added that he was waiting for another confirmation before confidently claiming that the market top is in. He claims that this confirmation will come if BTC achieves a sustained close below the short-term realized price, currently around $59,800. Meanwhile, he further stated that this market top theory could be invalidated if Bitcoin surges above $66,250 and claims this area as support. Bitcoin rising above that price level will help it gain the strength it needs to move towards $69,150. If BTC eventually breaches that resistance level, Martinez claimed it could advance to a new all-time high (ATH) of $92,190. At the time of writing, Bitcoin is trading at around $62,300, down in the last 24 hours, according to data from CoinMarketCap. BTC price falls to $60,800 | source: BTCUSD on Tradingview.com Featured image from Coinpedia, chart from Tradingview.com