Bitfinex Launches Securities Trading Platform in El Salvador Bitfinex, one of the oldest cryptocurrency exchanges, has announced the launch of a securities trading platform in El Salvador, the first country to recognize bitcoin (BTC) as legal tender. According to a press release seen by CryptoPotato, Bitfinex Securities El Salvador will be the Central American country’s first registered and licensed digital assets service provider. Bitfinex Securities Platform Launches in El Salvador Bitfinex Securities El Salvador is currently accepting customer applications and has a pipeline of issuances aw ..read more

Bitcoin Price Correction: RSI Signals Potential Upside Bitcoin’s price strength has waned following the launch of the first spot ETFs, resulting in a 20% correction in BTCUSD. However, the Relative Strength Index (RSI), a popular momentum-measuring tool, suggests a potential continuation to the upside if a certain level is breached. Bitcoin Approaches “Overbought” And Why This Isn’t A Bad Thing The Relative Strength Index (RSI) is a momentum-measuring tool that signals when a market is “overbought” or “oversold”, often indicating an impending trend change. In the case of Bitcoin, the weekly RS ..read more

RIPPLE’S CO-FOUNDER LOSES OVER $100 MILLION WORTH OF XRP TO HACKERS On Wednesday, it was reported that Chris Larson, the co-founder and executive chairman of Ripple, had fallen victim to a security breach. According to ZachXBT, a prominent crypto analyst, hackers stole around 213 million XRP worth approximately $112 million from one of Ripple’s wallets. ZachXBT also revealed that the criminals had started laundering the stolen funds through major centralized crypto exchanges, including Binance and Kraken. “It appears @Ripple was hacked for ~213M XRP ($112.5M) Source address rJNLz3A1qPKfWCtJLPh ..read more

[PRESS RELEASE – Panama, Panama City, January 30th, 2024] BlockGuard, a DeFi innovator focused on wealth management, has partnered with Masterblox, a Web3 hyperscaling partner based in Dubai. This partnership is in line with BlockGuard’s 2024 roadmap, which aims to enhance access to DeFi services by integrating MasterBlox’s cutting-edge blockchain solutions into the BlockGuard Wealth Management (BGWM) platform and its innovative Prospector NFTs. Designed to bridge the gap between traditional finance and DeFi investing, the BGWM platform enables users to seamlessly diversify their portfolios ac ..read more

Ethereum Price Continues to Rise Ethereum price has continued to climb, surpassing the $2,320 resistance zone. The cryptocurrency is currently correcting these gains, but it is expected that the 100 hourly SMA will provide support and initiate another increase. Support and Resistance Despite the correction, Ethereum remains in a positive zone above the $2,250 resistance level. The price is currently trading above $2,300 and the 100-hourly Simple Moving Average. If the price manages to stay above the $2,300 level, it may initiate a fresh increase. According to data from Kraken, there was a brea ..read more

The United States Securities and Exchange Commission (SEC) suffered another stinging defeat in its campaign against the crypto industry yesterday, a development described by the pro-XRP legal community as a profound setback. On Tuesday, January 30, the SEC announced its intention to dismiss its high-profile case against the crypto firm DEBT Box. The case, which originally accused DEBT Box of defrauding investors out of nearly $50 million by selling unregistered securities, took an unexpected turn when the SEC sought to withdraw their lawsuit. This decision follows a series of events where the ..read more

Interesting Movement in the Crypto Market The recent weeks have seen some interesting movements in the crypto market. As a start, Rebel Satoshi sold more than 100 million tokens in its presale. Additionally, analysts are anticipating a significant surge in the cryptocurrency market due to the approval of the spot Bitcoin ETF. Dogecoin: Value and Future Outlook On January 18, it was revealed that peer-to-peer payments will be available on X (formerly Twitter) later this year. Dogecoin has come back into the spotlight with Elon Musk, the owner of X, stating that the canine-themed cryptocurrency ..read more

BREAKING: CoinDesk Acquired by Bullish Group In a groundbreaking development for the cryptocurrency industry, the leading source of news and information on digital assets, CoinDesk, has been acquired by Bullish Group. This move comes as part of a larger trend of consolidation within the digital asset space, as institutional players seek to assert their dominance in the market. According to an article by Bullish, owner of the institutional digital assets exchange, the acquisition of CoinDesk demonstrates a commitment to providing high-quality, trusted information to the public. CoinDesk has lon ..read more

**Investigating Central Banks’ Systematic Effort To Dilute Bitcoin Influence** Daniel Batten, managing partner at CH4 Capital and a noted climate activist for The Bitcoin ESG Forecast, has brought to light new research indicating a concerted effort by Central Banks, particularly within the European Union, to systematically “weaken” BTC’s influence and standing. **European Union’s Plan to Label Bitcoin as “Environmentally Harmful” and a Threat to Energy Security** In a detailed exposition shared via X (formerly Twitter), Batten stated: “While we were sleeping, the European Commission (via ESMA ..read more

XRP Price Continues to Decline According to data from Kraken, XRP is currently displaying bearish signs as it moves below the $0.525 and $0.512 resistance levels. The price has also fallen below $0.520 and the 100 simple moving average (4 hours), indicating a potential downward trend. There was a significant break below a key contracting triangle with support at $0.5220 on the 4-hour chart of the XRP/USD pair. As a result, the pair is now at risk of further declines below the $0.5000 support zone. XRP Price Takes a Hit In the past few days, XRP price has experienced heavy bearish movements bel ..read more