Angel investors are seed-stage financiers who offer mentorship to nascent businesses for equity, while venture capitalists inject substantial capital into later-stage firms.
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Korean e-commerce exec accused of accepting LUNA for shilling Terra Labs
The former CEO of Tmon, an e-commerce platform, has allegedly earned billions of South Korean won after selling the LUNA tokens he had received from Terra co-founder Shin Hyun-Seong for promotions.
Education is key to financial freedom, says Bitcoin advocate Najah Roberts
The Agenda podcast discusses the importance of financial literacy and education in Part 2 of a conversation with BTC advocate and entrepreneur Najah Roberts.
El Salvador to open a ‘Bitcoin Embassy’ in the United States
After debuting a Bitcoin Embassy in Switzerland’s city of Lugano, El Salvador continues expanding its BTC strategy with a new partnership with Texas.
3 reasons why Binance's BNB token risks sliding further by March
On Feb. 13, Binance's native token, BNB, recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB price has since recovered to over $298, but its possibility of facing another selloff remains high. Let's take a look at a few reasons why.
BNB price rising wedge breakdown
The ongoing decline in BNB's price came as a part of a broader rising wedge breakdown.
Notably, on Feb. 9, BNB broke out of its rising wedge pattern, a bearish reversal setup that forms as the price trends upward inside a range defined by two ascending, converging trendlines.
BNB/USD daily price chart featuring rising wedge breakdown setup. Source: TradingViewAs a rule of technical analysts, a rising wedge's profit target is measured after subtracting the maximum distance between the pattern's upper and lower trendline from the breakdown point.
Therefore, BNB's rising wedge target comes to be near $250, down about 15% from current prices. Interestingly, the $250 level has also served as support in May, September and November 2022.
3 reasons why Binance’s BNB token risks sliding further by March
On Feb. 13, BNB (BNB) recorded its worst daily performance since November 2022, falling 8.5% to below $285. BNB’s price has since recovered to over $298, but its possibility of facing another sell-off remains high. Let’s take a look at a few reasons why.
BNB price rising wedge breakdown
The ongoing decline in BNB’s price came as a part of a broader rising wedge breakdown.
Notably, on Feb. 9, BNB broke out of its rising wedge pattern, a bearish reversal setup that forms as the price trends upward inside a range defined by two ascending, converging trendlines.
BNB/USD daily price chart featuring rising wedge breakdown setup. Source: TradingViewAs a rule of technical analysis, a rising wedge’s profit target is measured after subtracting the maximum distance between the pattern’s upper and lower trendline from the breakdown point.
Therefore, BNB’s rising wedge target comes to be near $250, down about 15% from current prices. Interestingly, the $250 level also served as support in May, September and November 2022.
83% confess attraction to crypto fanatics on Valentine's Day survey
A Valentine’s Day survey by Binance suggests that interest in cryptocurrencies could be a key factor in attracting a partner.
83% confess attraction to crypto fanatics on Valentine's Day survey
A Valentine’s Day survey by Binance suggests that interest in cryptocurrencies could be a key factor in attracting a partner.
IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction
One community member interpreted the IMF’s move as a way to “scare other countries away” from adopting Bitcoin as a legal tender.
South Korea to examine crypto staking services following the Kraken case
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.
Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign.
Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in the exchange supply over the past six months post-Merge. Ethereum network went under a major network upgrade in September last year, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network and the event was called the Merge.
According to on-chain data shared by the crypto analytic group Santiment, the amount of available ETH sitting on exchanges continues to fall. Since the Merge, there is 37% fewer ETH on exchanges. A constant decline in supply on exchanges is considered a bullish sign as there is less ETH available to trade or sell.
There were a total of 19.12 million ETH worth $31.3 billion on exchanges in September before the Merge. The number has now declined to 13.36 million ETH worth $19.7 billion in the second week of February.
Ethereum supply on exchanges. Source: SantimentA major chunk of the ETH supply is being moved into self custody while many traders also prefer staking with the Shanghai upgrade just around the corner. Shanghai, Ethereum's upcoming significant update, is scheduled to launch in March. The Shanghai hard fork will integrate more improvement proposals for network enhancements and allow stakers and validators to withdraw their holdings from the Beacon Chain.
Currently, 16 million ETH, or 14% of the total supply, are staked in the Beacon chain. At the current price of ETH, it amounts to approximately $25 billion, a sizable amount that will gradually become liquid after the Shanghai hard fork.
Bitcoin eyeing 'next big move' which could see $19K retest — analyst
It's decision time for BTC price action in a range which could also see a trip to $28,000, popular trader Skew believes.
Bitcoin eyeing ‘next big move’ which could see $19K retest — analyst
Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says.
In Twitter comments on Feb. 15, popular trader, Skew, told followers that BTC/USD is now in a “pivotal area.”
“Next big move” due for Bitcoin
Despite returning above $22,000 on the back of the Feb. 14 United States Consumer Price Index (CPI) print, Bitcoin has yet to resume the blistering rally, which saw it gain 40% in January.
After two weeks of consolidation, however, the time to make a decision is here, Skew believes.
“I think we’re setting up for the next big move,” he summarized alongside a chart showing relevant BTC price targets.
Sen. Warren vows reintroduction of AML bill that extends to DAOs and DeFi
While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws.
SBF and FTX fraud 'aided and abetted' by Silvergate Bank, alleges lawsuit
The filing is the latest proposed class action in a string of lawsuits aimed at Silvergate over the last two months about its links with Sam Bankman-Fried and defunct crypto exchange FTX.
Sequoia Capital, Paradigm among VCs facing "tricky" FTX investor lawsuit
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.
Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
Polygon tables late-March launch date for its zkEVM Mainnet Beta
The Ethereum scaling solutions provider is preparing to launch its long-awaited Ethereum Virtual Machine roll-up technology.
Celsius creditors committee proposes suing Mashinsky, other Celsius execs
The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.”