Author name: Crypto Guru

Traders Discuss Why Memecoins Are 2024’s Biggest Narrative

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Is There Value In A Memecoin? To begin with, Shin asked …

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Bitcoin Sharks

Bitcoin Sharks Show Most Aggressive Buying Spree Ever: Data

On-chain data shows that Bitcoin investors holding between 100 and 1,000 BTC have been on an unprecedented buying spree in the past two months. Bitcoin Supply Held By Sharks Has Sharply Gone Up Recently As analyst Willy Woo explains in a new post on X, a group of high-net-worth Bitcoin investors has been buying heavily …

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President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House

The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies.  JUST IN: 🇺🇸 US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated financial firms to custody #Bitcoin …

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Cardano

Cardano Offering Better Buying Window Than Other Top Coins, Santiment Reveals

The analytics firm Santiment has revealed that Cardano (ADA) currently shows a slightly better buying opportunity than the other top coins. Cardano May Be Showing A Good Buying Opportunity According To RSI In a new post on X, Santiment discussed how the top assets in the cryptocurrency sector have been performing regarding the Relative Strength …

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Exploring BounceBit and Maximizing Rewards through Binance Megadrop

In the world of cryptocurrencies, innovative platforms continually redefine user engagement and investment opportunities. Among these, BounceBit stands out with its pioneering CeDefi framework, which revolutionizes the way Bitcoin holders can interact with and benefit from their digital assets. Simultaneously, we explore the Binance Megadrop, a novel token launch platform introduced by the cryptocurrency giant …

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Argentina to Mine Bitcoin with Stranded Gas

Argentina’s energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine $BTC with Stranded Gas: Forbes Eventually, every country will be mining #Bitcoin pic.twitter.com/bu6sCXEUJ1 — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024 …

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Ethereum

Ethereum Network Activity Hints At Imminent Takeoff

Ethereum, the world’s second-largest cryptocurrency by market cap, finds itself in a curious position. While the price struggles for direction, its underlying network is experiencing a surge in activity. Ethereum Network Sees Increase In New Users According to crypto data firm Santiment, May 4th saw a whopping 200,000 new Ethereum addresses created, marking the highest …

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P2P

Nigeria Threatens Crypto Knockout: P2P Ban Looms In Fintech Feud

Nigeria’s once-tepid stance on cryptocurrency has taken a sharp turn towards prohibition. The Nigerian government, citing concerns over Naira manipulation, is proposing a ban on P2P (Peer-to-Peer) trading platforms that utilize the local currency. This move, coupled with ongoing legal battles with major exchanges, throws the future of Nigerian crypto into uncertainty. Naira Under Siege? …

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Cardano ADA price

Cardano Faces Make-Or-Break Price Level For Bullish Revival

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the …

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XRP

Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows

The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon. However, a recent analysis by market analyst Jonathan Carter suggests …

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Ripple vs SEC final brief

SEC Takes Another Stab At Ripple In Its Final Brief: Details

The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling. SEC Files Final Brief As Decision Day Looms For …

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