Your crypto world
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El Salvador’s recent decision to adopt Bitcoin as a legal tender has raised concerns among US lawmakers, leading them to call for a comprehensive risk assessment of the potential impact on bilateral economic relations and law enforcement cooperation. Senators Jim Risch and Bob Menendez have reintroduced a bipartisan bill aimed at requesting a detailed report … Read more
Basketball legend Shaquille O’Neal found himself at the center of two lawsuits related to the cryptocurrency and non-fungible token (NFT) space. The surprising twist occurred while O’Neal was broadcasting an NBA game at Miami’s FTX Arena, which added an ironic layer to the legal proceedings. The lawsuits involve different aspects of the crypto world, with … Read more
XRP has faced significant challenges in the wake of the SEC’s lawsuit against Ripple Labs. Since the lawsuit was filed in 2020, the number of XRP exchanges has decreased, with several high-profile exchanges like Coinbase, Crypto com, and OKCoin suspending trading of the token on their platforms. This delisting has had a negative impact on … Read more
A recent study has found that over 30% of TikTok videos relating to cryptocurrency investments are misleading. The study, conducted by daapGamble, analyzed 1,161 videos tagged with popular crypto-related hashtags such as “crypto,” “cryptok,” and “cryptoadvice,” and found that more than one-third of the crypto influencers on TikTok had posted misleading content about Bitcoin and … Read more
A double bottom chart pattern is a technical analysis tool that is used by traders to identify potential trend reversals in an asset’s price. It occurs when the price of an asset reaches a low point, bounces off a support level, and then falls again to form a second low point at or near the … Read more
A double top is a technical chart pattern that can signal a potential trend reversal in an asset’s price. The pattern forms when the price reaches a peak, retraces back to a support level, and then rallies again to the same peak level, only to fail to break through it and reverse direction. The double top … Read more
Based on recent market analysis, it appears that the cryptocurrency ATOM has broken through a key trend line and subsequently retested it. This has created an attractive opportunity for potential buyers, as the asset now appears to be on a strong upward trajectory. It is recommended that interested investors consider buying in the current price … Read more
The dark cloud cover is a technical pattern that can be used to identify a potential reversal in a bullish trend. This pattern is formed by two candlesticks: the first one is a green candlestick, which opens above the previous day’s closing price, indicating a continuation of the bullish trend. However, the second candlestick is … Read more
Wirex, a UK based digital payments company, has recently become a global partner of Visa, enabling the company to expand its card services to new markets around the world. This strategic move allows Wirex to offer its innovative crypto card services to customers in the Asia-Pacific (APAC) and U.K. markets. This long-term service agreement with … Read more
The inverted hammer is a bullish reversal pattern that occurs at the end of a downtrend. The pattern is characterized by a small body with a long upper shadow and a short lower shadow, creating a shape that resembles an upside-down hammer. The long upper shadow suggests that buyers were able to push the price … Read more