Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched an in-house Web3 wallet. El Salvador Reportedly Mined Nearly 474 BTC
Litecoin’s price moved up by over 2% in the last seven days, suggesting that it might touch $90 soon.
A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.” The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on Cryptonews .
XRP price started another decline after it failed to surpass the $0.530 resistance. The price is back below $0.5150 and showing a few bearish signs. XRP struggled near $0.5300 and started a fresh decline. The price is now trading below $0.5150 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below $0.500. XRP Price Turns Red After a steady increase, XRP price faced resistance near the $0.530 zone. A high was formed at $0.5293 and the price started a downside correction like Bitcoin and Ethereum. The price declined below the $0.5220 level. There was a move below the 50% Fib retracement level of the upward wave from the $0.4967 swing low to the $0.5293 high. Besides, there was a break below a key contracting triangle with support at $0.520 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5150 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5150 level. The first key resistance is near $0.520. A close above the $0.520 resistance zone could send the price higher. The next key resistance is near $0.5220. If the bulls push the price above the $0.5280 resistance level, there could be a fresh move toward the $0.5350 resistance. Any more gains might send the price toward the $0.550 resistance. More Losses? If XRP fails to clear the $0.5150 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5045 level or the 76.4% Fib retracement level of the upward wave from the $0.4967 swing low to the $0.5293 high. The next major support is at $0.500. The main support is now near $0.4965. If there is a downside break and a close below the $0.4965 level, the price might accelerate lower. In the stated case, the price could drop and test the $0.4840 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5040 and $0.5000. Major Resistance Levels – $0.5150 and $0.5200.
The ex-employee alleged of exploiting pump.fun for $1.9 million claims he was arrested and charged in Britain and is now on bail.
Bitcoin faced resistance at $67,500, affecting the altcoin market. Solana dropped 2%, currently trading at $169. Continue Reading: Investors See Opportunity in Solana’s Recent Dip
Built on innovation and efficiency, BlockDAG’s latest Development Release 31 is making waves in the cryptocurrency community by introducing quantum-resistant mining technology, a pivotal upgrade that has driven a significant 700% increase in the coin’s presale value. This release is part of BlockDAG’s ongoing efforts to demonstrate the superior capabilities and robust security features of The post BlockDAG Development Release 31: Quantum-Resistant Mining Spurs 700% Presale Surge appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
BlockDAG is rapidly gaining traction in the cryptocurrency market, having raised $27.6 million in its presale, thanks to endorsements from technology leaders and prominent YouTubers like CryptoDexWorld. With a detailed strategic plan, BlockDAG is poised to hit a market cap of $600 million and reach a price of $20 by 2027, presenting a lucrative opportunity The post BlockDAG Backed By Youtubers To Hit $20 By 2027, Overshadowing Dogecoin and Gaining Avalanche Investors’ Interest appeared first on Live Bitcoin News .
Shibarium's transaction plunge triggers debate on SHIB’s market movements despite bullish sentiments.
YouTube Influencers Rally Behind BlockDAG’s Mining Innovation as Presale Approaches $28.3M, Eclipsing Litecoin and Aptos Developments YouTube’s crypto influencers spotlight BlockDAG (BDAG), setting it apart in the crypto sphere. Despite notable events like the Aptos-Microsoft partnership and promising trends in Litecoin’s price, BlockDAG captures the limelight with its state-of-the-art technology