The teeming Shiba Inu community continues to burn hefty volumes of SHIB tokens in their quest to reduce the hyperinflated supply of the second-largest decentralized meme token. Data from the SHIB burn tracking platform showed that billions of SHIB tokens were taken out of circulation in the past seven days. Between May 30 and June The post Shiba Inu Community Burns Over 4 Billion SHIB in Past Week; Single Wallet Burns 3.60 Billion SHIB appeared first on Times Tabloid .
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow the interoperation of these licensed stablecoins along several blockchains using its Progmat Coin protocol.
Litecoin's recent surge in active addresses sparks user excitement, but miners face declining fees ahead of the halving event.
The U.S. Securities and Exchange Commission has filed a lawsuit against Binance, the world’s largest crypto exchange, and CEO Changpeng
Bitcoin price is down 5% and trading below the $26,000 level. BTC is now at risk of a move toward the $25,000 support in the near term. Bitcoin started a sharp decline below the $27,000 level. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $26,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher but upsides might be limited above $26,200 and $26,400. Bitcoin Price Takes Hit Bitcoin price failed to start a fresh increase above the $27,000 resistance. BTC started a fresh decline below the $26,500 support and the 100 hourly Simple moving average. The price is down 5% and there was a move below the $26,000 support. It even retested the $25,400 support zone. It is now consolidating below $26,500 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $26,100 on the hourly chart of the BTC/USD pair. Bitcoin is now facing resistance near the $25,900 level. It is near the 23.6% Fib retracement level of the recent drop from the $27,489 swing high to the $25,400 low. The next major resistance is near the $26,100 level and the trend line. The main resistance sits near the $26,500 level or the 50% Fib retracement level of the recent drop from the $27,489 swing high to the $25,400 low, above which the price might start a decent increase. Source: BTCUSD on TradingView.com The next key resistance is near the $26,700 level. An upside break and close above $26,700 could start a decent increase toward $27,200. Any more gains above the $27,200 resistance zone might send the price toward the $27,500 resistance zone. More Losses in BTC? If Bitcoin’s price fails to clear the $26,100 resistance, it could continue to move down. Immediate support on the downside is near the $25,400 level. The next major support is near the $25,000 zone, below which the price might accelerate lower. In the stated case, the price could drop toward the $24,500 support in the coming sessions. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is below the 50 level. Major Support Levels – $25,400, followed by $25,000. Major Resistance Levels – $26,000, $26,100, and $26,500.
Charles Hoskinson, the founder of Cardano (ADA) blockchain and the Chief Executive Officer of the top engineering and blockchain company Input Output Global (IOG), has notified Cardano community members of a new defrauding tactic adopted by cybercriminals. The crypto entrepreneur equally dropped a tip on how to easily spot his impersonators. In an early Monday The post Charles Hoskinson Notifies Cardano (ADA) Community of New Scam Method: Details appeared first on Times Tabloid .
With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market.
Recognition marks formal steps Aquanow is taking as it prepares to offer its full-suite of digital asset services in Dubai
A Labour Party spokesperson voiced concerns about the unregulated state of artificial intelligence.
The US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s Chief Legal Officer Paul Grewal and a slew of former regulators are set to testify Tuesday morning in front of a US congressional committee. The House Agriculture Committee will meet to discuss legislation to regulate cryptocurrencies and hear from Behnam, Grewal and former CFTC Chair Christopher Giancarlo, among others.... Read More: US CFTC Chair Behnam, Coinbase Chief Legal Among Others To Testify at House Hearing