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FACE Price   

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FACE

Faceter  

#FACE

FACE Price:
$0.0000842
Volume:
$3.7 K
All Time High:
$0.022
Market Cap:
$39.6 K


Circulating Supply:
470,623,559
Exchanges:
1
Total Supply:
938,641,610
Markets:
2
Max Supply:
Pairs:
2



  FACE PRICE


The last known price of #FACE is $0.0000842 USD.

Please note that the price of #FACE was last updated over 600 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #FACE statistics should be considered as 'last known value'.

The lowest FACE price for this period was $0, the highest was $0.0000842, and the exact last price of FACE was $0.00008423.

The all-time high FACE coin price was $0.022.

Use our custom price calculator to see the hypothetical price of FACE with market cap of BTC or other crypto coins.


  FACE OVERVIEW


The code for Faceter crypto currency is #FACE.

Faceter is 4.5 years old.


  FACE MARKET CAP


The current market capitalization for Faceter is $39,639.

Faceter is ranking upwards to #1798 out of all coins, by market cap (and other factors).


  FACE VOLUME


There is a small daily trading volume on #FACE.

Today's 24-hour trading volume across all exchanges for Faceter is $3,726.


  FACE SUPPLY


The circulating supply of FACE is 470,623,559 coins, which is 50% of the total coin supply.


  FACE BLOCKCHAIN


FACE is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the FACE Blockchain contracts with 2 different blockchains.


  FACE EXCHANGES


FACE has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.

View #FACE trading pairs and crypto exchanges that currently support #FACE purchase.


  FACE RELATED


Note that there are multiple coins that share the code #FACE, and you can view them on our FACE disambiguation page.


  FACE RESOURCES


Websitetokensale.faceter.io
TwitterFaceterOfficial
Telegramfaceter


  FACE DEVELOPER NEWS



Face is available at the BNB chain

Face tokens are getting easier and easier to buy and convert! Now it is listed in the Multichain cross-chain router protocol. Multichain (ex-AnySwap) processes cross-chain bridging and smart-contract methods on other chains. Multichain router will allow you to swap Face tokens between ERC20 and BSC networks using Metamask wallet, reducing fees and making it easier to move between chains. You can find and import Face tokens to your Metamask wallet with the new BSC Face contract at BSCScan. Cross-chain fees to convert Face between Ethereum to BSC network is 0.1%. More information on fees is available at Multichain. Stay tuned for more exciting updates coming soon! If you still have any questions, please send us an email to support@faceter.io or ask our 24/7 support team in Telegram. Know the people around you, Faceter Team Face is available at the BNB chain was originally published in Faceter on Medium, where people are continuing the conversation by highlighting and responding to this story.




VinDAX lists Face coin

The Faceter team with Robert Pothier are happy to announce a new Face coin listing on VinDAX exchange on the 22nd of February! We believe that listing on Vindax will bring Face token more liquidity and value to our Faceter community alongside new token users in asian market. medium.com VinDAX is an asian “C” (Fair) rate exchange with 75.72 mils 24 hours trading volume and 186 markets avaliable. It offers mobile apps and desktop exchanges versions for basic and advanced users’ convenience alongside multiple-coin support. VinDAX provides 2FA security, open communication with company representatives, available guides for VinDAX seamless user experience, and much more. ⚡ ️FACE/BTC trading pair ⚡ ️Face/ETH trading pair ⚡ ️Face/USDT trading pair Guides on how to buy and sell are available on the VinDAX website here. You can also contact VinDAX support 24/7 on their website or join VinDAX exchange community for more information on their services. Stay tuned for more exciting updates coming soon! If you still have any questions, please send us an email to support@faceter.io or ask our 24/7 support team in Telegram. Know the people around you, Faceter Team VinDAX lists Face coin was originally published in Faceter on Medium, where people are continuing the conversation by highlighting and responding to this story.




Faceter Fog: Self-hosted power, live recognition, and more

Dear community members, as we promised, the Faceter team is honored to present our product achievements and development results of 2021 alongside midterms plans for the next few months for further 2022 development.Watch Faceter Fog CEO Update on YouTube clicking this link 👈🏻 — 1) Live recognition of RTSP streams.. — Anyone who is registered in the Faceter Fog camera owner account can add a stream themselves using RTSP real-time streaming protocol applicable to any IP camera. In a real-time stream, you will be able to see detected faces and persons which were created during this recognition process. This technology allowed us to reduce delay just to 2–3 seconds. Before we streamed via archive: 📍 A camera was streaming to the archive. 📍 Miner’s node was processing the video files from the archive 📍 It took at least 20 seconds before we could understand what faces were recognized. Now you can use Faceter live recognition algorithms anywhere where real-time face detection is necessary, e.g., at the security gate. — 2) Improved recognition accuracy is now available for Faceter Fog users.. — We reworked our neural network algorithms to avoid face duplicates and false positive and negative recognition results. We were working to introduce an updated neural network algorithm and move from the Caffe framework we used to TensorFlow, an industry gold standard framework for computer vision...




STAGE 2 is in progress

Stage 2 with new opportunities provision of data obfuscation, automated order-books and reputation management is officially in progress! We have also updated our website with new information of the functions being developed:stage 2 description Check our website for all functions already available for both miners and camera account holders! 👇👇👇 fog.faceter.cam We are eagerly waiting for your feedback whether it is positive or not! It is all about our steady improvement and mutual collaboration on these ambitious project development goals! Stay tuned for more exciting updates coming soon! If you still have any questions, please send us an email to support@faceter.io or ask our 24/7 support team in Telegram. Know the people around you, Faceter Team STAGE 2 is in progress was originally published in Faceter on Medium, where people are continuing the conversation by highlighting and responding to this story.




Facial Recognition API: Docs & Tools

A couple of months ago Faceter announced our plan for simple, open and affordable facial recognition API development. — There are two important updates on this matter:. — We have released a draft documentation for API which is already available on GithubTesting Tools for integrations which are already available in the Profile — Integration tab of the camera owner account. What does that mean? Right now you can easily integrate Faceter Fog Facial Recognition API into your app or third-party platform. Test this and go live. Note that you can also run your own Faceter Fog node and process your data on your hardware free of charge. We are eagerly waiting for your feedback whether it is positive or not! It is all about our steady improvement and mutual collaboration on these ambitious project development goals! Stay tuned for more exciting updates coming soon! If you still have any questions, please send us an email to support@faceter.io or ask our 24/7 support team in Telegram. Know the people around you, Faceter Team Facial Recognition API: Docs & Tools was originally published in Faceter on Medium, where people are continuing the conversation by highlighting and responding to this story.




Faceter Fog Now Supports Any Ip Camera

Faceter Fog users can now add IP cameras via RTSP for facial recognition as well as other video sources using a public Cloud Faceter archive link.The RTSP protocol can be used to transmit images on CCTV systems and it is compatible with different devices in accordance with industrial hardware standards which makes it a great option for integration into our project.How to add an IP camera for recognition:Log into your camera owner account at fog.faceter.cam.Choose the Sources tab, then IP Camera.Follow the instructions provided. After adding an IP camera via RTSP and creating a contract, a 24-hour archive will be recorded. In a case, you do not have an IP camera you still can use Faceter mobile App as a source of your video stream. To add your public archive link follow the instructions provided in your account. If you have already tried to add your camera or source, share your impressions and feedback in our Telegram channel: t.me. ___________________________________________________________________ Know the people around you, Faceter Fog Team FACETER FOG NOW SUPPORTS ANY IP CAMERA was originally published in Faceter on Medium, where people are continuing the conversation by highlighting and responding to this story.




Introducing Faceter Fog API for Facial Recognition

We started working on a public API for face recognition and would like to explain, in more detail, why this is important and what updates will be released in the near future. Studying various scenarios for face recognition implementation, we came to the conclusion that there are too many scenarios to properly cover within our own product. There are thousands of small and medium companies and developers who make great software — security and access control, CRM, traffic counting and other systems. For example, any CRM system, combined with Faceter Fog, can receive information on recognition results of people registered in that particular system, with the ability to extract data about them (age, gender, preferences, and so on). In an effort to easily use our technology, we are preparing a big and important release, in which a simple, open and affordable face recognition API will be available. — Below is a list of changes that we made to deliver the API. — Callback configuration has been added, so you can integrate recognition events to third-party systems (documentation and testing tools are coming soon)., 2. We have added more streaming sources (previously it was only possible to use the Faceter Mobile App for video recognition), and in the near future you will be able to connect cameras via RTSP, as well as add your own video files for recognition on our platform. 3. Fog Agent from the current version 0....




Fees on Faceter Fog & first FACE burn

From the very beginning of our project, we envisioned Faceter Fog not only as an approachable, modern and affordable extension to video surveillance systems but also as a platform that allows equipment owners to earn money by providing facial recognition analytics of video streams for our customers. Faceter connects facial recognition consumers and specialized equipment owners who want to contribute their computing power to the global video analytics network. At the end of 2019, we released CTP (Community Technology Preview) version of the Faceter Fog, where miners are able to connect their GPU servers in order to test the overall flow and get rewarded with FACE tokens. Last three months we have been busy fixing a number of minor bugs in Fog Agent, improving the interface for camera owners, implementing browser push notifications, transaction details and more. There is another major feature that was recently implemented on the platform — fees. These fees are taken and burned from payments between consumers and miners. The feature was rolled out two weeks ago and is being tested. During this time we had few active consumers onboard with the 12,000.00 FACE paid in total as fees which were successfully burned. This is a big milestone for Faceter Fog and we are really happy to share this news with you. We make every effort to make sure that our project finds success. And right now it is very important for us to get feedba...




Step-by-step guide on buying FACE tokens from Exchanges

Currently, you can buy and convert Face tokens in fiat or other cryptocurrencies on HitBTC or IDEX exchanges. In the future of Faceter Fog, we are planning to add instant conversion tools to easily top up your balance in Faceter camera holder account. Meanwhile, we recommend you to use the methods described below. — HitBTC - HitBTC is a crypto exchange that has over 800 trading pairs. The platform was created in 2013, and provides exchange, custodial and other related services. How to buy Face tokens on HitBTC: Sign up on HitBTC if you don’t have an account yet, Enter your Residence country, Full name and Phone number, To complete registration, check your Email for confirmation message, To start using the exchange, deposit cryptocurrency (BTC or ETH) to your account at hitbtc.com, Or purchase BTC or ETH directly for your respective wallet using your bank card: 5. You can buy Face with BTC at hitbtc.com You can buy Face with ETH at hitbtc.com When inserting the number of tokens you want to buy, please, mind that it has to be more than 10000 due to 9909 Face commission the exchange takes at withdrawal on any amount of tokens. 6. At hitbtc.com insert the amount of Face tokens you want to withdraw to your wallet address, ! Please, mind that your crypto wallet has to be ERC20 compatible. How to configure it to receive Face tokens: medium.com ! Or you can withdraw directly to your camera holder account at fog.faceter...




Stage 1 Faceter Fog Release: Share Your GPU And Get Rewarded With Face

It is the end of December and everyone wants Christmas and New Year’s presents. Our team has prepared one for you, as we promised you before and we are excited to announce it today! With your help, we have successfully passed the Community Preview version tests, fixed all known bugs, gathered reports on user navigation and usability of our interface, software compatibility with your hardware and now are ready to launch the fully functional and ready to download, Faceter Fog client. medium.com — What is Stage 1 Version? - The main purpose of Stage 1 Version release is to give miners the ability to empower the mass market with a powerful fully functional and deployable Faceter Fog client which provides facial recognition and age detection, supports multiple cameras, integrates with Faceter CCTV Apps and utilizes tokens as a means of payment for miners’ computational capacities. This version is an intermediate between the clients who need video recognition services and miners who are ready to provide power capacities for this analysis. For the sake of transparent and instant communication between the home/business owners and miners, we have created the computing power exchange, where miners can register their nodes and set the price for 1 min of video analysis. — How to use the Fog? - Clients instruction: Connect your cameras to Faceter using a mobile App., To manage cameras, enter your account in your browse...




  FACE NEWS


Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creat...

    Australian computer scientist Craig Wright’s claims to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto, could lead British prosecutors to charge him with perjury and forgery of documents. A new ruling in the Crypto Open Patent Alliance (COPA) vs. Wright case revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration on charging him with perjury for providing false testimony during the trial. Wright Faces Perjury Charges Judge Mellor found that Wright had lied to bolster his false claim of being Satoshi Nakamoto during the trial. Although Wright has remained insistent for years that he wrote the Bitcoin white paper, the judge ruled that neither of his claims were true in March. COPA sued Wright to prove that he was not Satoshi Nakamoto and prevent him from suing Bitcoin developers and related entities that denied his claims. Since 2019, Wright has waged legal war against several developers to silence their criticism and gain ownership of the Bitcoin network. Interestingly, he failed to mention anyone to whom he sent bitcoin (BTC) in the network’s early days. Hence, the judge said the evidence in the case overwhelmingly convinced him that Wright was not the creator of the cryptocurrency. Following the judge’s ruling on the case, a written judgment that found Wright guilty of grand-scale forgery was filed two months later. Judge Mellor ruled that Wright lied repeatedly ... read More



XRP Bulls Face Continued Pressure: Key Challenges Ahead

    XRP price is struggling below the $0.4250 support zone. The price is consolidating losses and might struggle to recover above the $0.450 resistance. XRP price struggled to recover above $0.450 and started another decline. The price is now trading below $0.4250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might recover, but the upsides might be limited above $0.4350 and $0.450. XRP Price Moves In The Red Zone XRP price struggled to clear the $0.450 resistance and started a fresh decline, like Bitcoin and Ethereum. The bears took control and pushed the price below the $0.4320 support. The pair even declined heavily below the $0.4250 support level. There was a drop below the 50% Fib retracement level of the upward move from the $0.3826 swing low to the $0.4498 high. The bulls are now trying to protect the $0.4050 support zone. It is now trading below $0.4250 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.4160 level. The first major resistance is near the $0.420 level. There is also a connecting bearish trend line forming with resistance at $0.420 on the hourly chart of the XRP/USD pair. The next key resistance could be $0.4220. A clear move above the $0.4220 resistance might send the price toward the $0.4380 resistance. The next major resistance is near the $0.450 level. Any more... read More



Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder

    Andrew Kang, co-founder of Mechanism Capital, voiced concerns over the potential volatility and impending price correction of Solana (SOL) in a market analysis posted on X. His comments come amid a broader dialogue concerning the delayed second wave of US spot Bitcoin ETFs, which he now anticipates could be pushed back by one to two quarters. He states, “I believe the timeline for this is delayed by 1-2 quarters. Some market views. Experts now suggest that solicitation approval/ETFs added to wealth management platforms is slated for Q4 instead of late May as originally suggested.” He believes that this delay in ETF approvals could result in a lack of immediate capital influx into the market, thereby potentially reversing the current upward momentum. Impacting the broader crypto market, Kang’s prediction for Solana, Kang's prognosis is less optimistic. He highlights Solana's price volatility, which has been significantly influenced by meme-driven trading activities. “Solana has been a great horse this cycle but it’s seen the reflexivity from the meme trading demand works in both directions. If meme trading takes a pause for the next few months, then you’ll likely be able to buy SOL near $80 again,” he remarked, indicating a potential 41% decline in SOL's price from its current price level. Reasons For A Potential Solana Price Crash Crypto analyst TexasHedge further elaborated on Kang's insights, providing a nuanced view of the market d... read More



Meme Coins Face Dual Threat: Market Manipulation and Liquidity Issues

    Since Dogecoin's debut in 2013, the meme coin market has seen significant growth, reaching a total market cap of $60 billion by June 2024. In March alone, the asset class attracted a whopping $13 billion in spot trading volumes on exchanges, surpassing major blue-chip cryptocurrencies such as Ethereum and Solana. However, this sector is grappling with risks. Red Flags Identified in Meme Coin Investments According to CoinShares' latest report, the heavy concentration of assets among meme coin holders highlights a notable risk of market manipulation and liquidity challenges due to the significant asset concentration among a few holders. Larger holders or whales can significantly impact the token's price by making large trades, causing volatility. Furthermore, if a small number of addresses hold most of the tokens, liquidity issues can arise. This is particularly true if the same addresses also control the liquidity provision on decentralized exchanges. The high Gini coefficient of around 0.8 for these meme coins indicates a significant centralization of token holdings. For the uninitiated, this metric assesses the distribution of tokens among different addresses. Such centralization poses risks like potential market manipulation, liquidity challenges, and increased investor caution, all of which need careful consideration when evaluating these 'joke' tokens. 'The high Gini coefficient of ~0.8 indicates a substantial centralization of token holdings, posing risks such as market ... read More



Bitcoin Miners Face More Pain as Hashrate Surges, Difficulty Adjustment ...

    On May 29, Luxor Technology’s HashRateIndex reported that Bitcoin's seven-day hashrate had hit an all-time high of 659 exahashes per second (EH/s) This represents a 13.6% increase from its post-halving low of 580 EH/s, it added. Moreover, the average network hashrate hit an all-time high of 732 EH/s over the weekend, according to Bitinfocharts. This surge in network horsepower means more pain for Bitcoin miners as each block becomes harder and more competitive to mine. On the upside, high hashrates mean high network security for the Bitcoin blockchain. Bitcoin Mining Competition Intensifies HashRateIndex explained that the hashrate growth could indicate that public Bitcoin miners are energizing their ASIC orders on schedule. This means more powerful hardware is being switched on, adding to the competition as more hash power comes online. BREAKING: #Bitcoin's 7-day Hashrate hit an all-time high of 659 EH/s, a 13.6% increase from its post-halving low of 580 EH/s. Why's Hashrate on an absolute tear right now? pic.twitter.com/XcJpH3XFx2 — Hashrate Index (@hashrateindex) May 28, 2024 The current average block time is a blistering 9 minutes and 26 seconds, it added. The top public miners have had 76.6 EH/s worth of equipment on order for 2024. Additionally, 12.9 EH/s of that should have been delivered in Q1, and nearly 36 EH/s of it should have been delivered in Q2, stated HashRateIndex which added: “Regardless of where it's coming from, the current ... read More



XRP Price Still at Risk: Will It Face Another Downside Break?

    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 r... read More



Bitcoin Price Recovery Could Face Many Hurdles Near $60K, Here's Why

    Bitcoin price found support near the $56,350 zone. BTC is recovering higher, but the bears might be active near the $60,000 resistance zone. Bitcoin is attempting a recovery wave from the $56,350 support zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $57,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $60,000 and $60,500 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended losses below the $60,000 level to enter a short-term bearish zone. BTC even traded below the $58,000 level before the bulls appeared near the $56,350 level. A low was formed at $56,378 and the price started a decent recovery wave. The price climbed above the $58,000 resistance zone. There was a break above a key bearish trend line with resistance at $57,800 on the hourly chart of the BTC/USD pair. The price climbed above the 23.6% Fib retracement level of the downward wave from the $64,738 swing high to the $56,378 low. Bitcoin is still trading below $60,000 and the 100 hourly Simple moving average. Immediate resistance is near the $60,000 level. The first major resistance could be $60,500. It is close to the 50% Fib retracement level of the downward wave from the $64,738 swing high to the $56,378 low. The next key resistance could be $61,500. Source: BTCUSD on TradingView.com A clear move above the $61,500 resistance might se... read More



Co-Founders of Crypto Mixing Service Face Money Laundering Charge Follow...

    United States prosecutors have alleged that two co-founders developed a crypto mining service called Samourai Wallet that conducted unlawful transactions worth $2 billion. The co-founders each face charges of money laundering and unlicensed money transmitting business, with the former carrying a maximum prison sentence of 20 years. Samourai Wallet Allegedly a ‘Safe Haven’ for Criminals According to a press release by the U.S. Attorney's Office of the Southern District of New York, executives of Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Lonergan Hill, who both double as co-founders, were arrested on April 24, 2024. Rodriguez was apprehended in the United States, while Hill's detention happened in Portugal, with the press release stating that the US will seek his extradition. In addition, authorities seized Samourai's domain and servers, with the application no longer available for download in the United States, after a seizure warrant was issued on the Google Play Store. Before the seizure, the Samourai mobile app had over 100,000 downloads. Rodriguez and Hill developed and operated Samourai between 2015 and 2024, which had two features – a cryptocurrency mixer called Whirlpool and a hopping service called Ricochet. As alleged by prosecutors, both features helped to obfuscate the source of criminal proceeds, serving as a “safe haven” for criminals looking to launder illicit funds. Prosecutors further claimed that th... read More



Bitcoin to Face Enhanced Selling Pressure Ahead of Halving, Crypto Exec ...

    The upcoming Bitcoin halving event is expected to follow the pattern of 'buy-the-rumor, sell-the-news,' according to the Crypto.com CEO. The exec believes that in the long term, however, the halving, which is currently slated for April 20, will positively impact Bitcoin's price. Bitcoin Halving's Long-Term Impact Will Be Positive In a recent Bloomberg interview, Kris Marszalek, CEO of Crypto.com, shared his thoughts on the Bitcoin halving, saying that while there will be selling pressure initially, the long-term impact will be positive on the asset's price. The upcoming halving is expected to reduce the mining rewards by half, a challenge for miners. Many miners have been preparing for months, accumulating BTC and upgrading their equipment to meet the increased computational demands that come post-halving. The halving event has been followed historically with price increases, perhaps fueled by the reduced new Bitcoin supply. Nonetheless, some skeptics doubt the likelihood of a repeat performance, especially given BTC's recent record high in mid-March. Despite short-term uncertainties, Marszalek remains optimistic about the six months following the halving, predicting 'pretty decent action' in the Bitcoin market. Industry Experts on Bitcoin Halving's Impact Last week, Marathon CEO Fred Thiel reiterated that Bitcoin's much-anticipated halving might already be partly reflected in the market. Thiel noted that the approval of ETFs has attracted capital into the market and may have... read More



Bitcoin Price Reclaims 100 SMA But Bulls Still Face Uphill Task

    Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $67,000 support zone. Bitcoin Price Eyes Recovery Bitcoin price found support near the $64,500 zone and started a recovery wave. BTC was able to rise above the $66,500 and $67,000 resistance levels to move into a short-term positive zone. There was a break above a key bearish trend line with resistance at $66,350 on the hourly chart of the BTC/USD pair. The pair even spiked above the $69,000 zone. A high was formed at $69,354 and the price is now consolidating gains. It traded below the 23.6% Fib retracement level of the upward move from the $64,572 swing low to the $69,352 high. Bitcoin is now trading above $67,000 and the 100 hourly Simple moving average. Immediate resistance is near the $68,250 level. The first major resistance could be $69,350. The main resistance now sits at $70,000. If there is a clear move above the $70,000 resistance zone, the price could start a fresh increase. In the stated case, the price could rise toward $71,200. Source: BTCUSD on TradingView.com The next maj... read More



Asian Bitcoin Investors Face Volatility Due to Automated ETF Trading Bot...

    In Asia, investors face turbulent times as automated trading bots react to data streaming from spot Bitcoin exchange-traded funds (ETFs). A report from Bloomberg indicates that these automated trading bots are potentially causing significant market volatility. Bitcoin Volatility in Asian Trading Market Shiliang Tang, president of Arbelos Markets, acknowledged the role played by these automated bots, stating, 'From an algorithmic trading perspective, robots can automatically crawl and trade based on this data; it seems that this is what's happening now.' Following the conclusion of trading in the U.S. stock market during Asian hours, information regarding the daily demand levels for these spot Bitcoin ETFs spread across the cryptocurrency market. On April 2, Bitcoin witnessed a plunge during the Asian trading session, coinciding with reports of investors withdrawing funds from these ETFs. According to CoinGecko data, Bitcoin's price plummeted to $64,650 on April 2, marking a loss of approximately 6% within a day. This downturn triggered a spike in volatility across the broader crypto market. As of the time of writing, Bitcoin stands at around $66,000. The approval of multiple spot Bitcoin ETF applications by the U.S. Securities and Exchange Commission (SEC) in early January injected approximately $12 billion in net inflows into the market. The peak of ETF inflow coincided with Bitcoin's new all-time high of $73,737 in mid-March. However, subsequent periods of outflows have con... read More



Bitcoin Price Consolidates Losses But Recovery Could Face Hurdles

    Bitcoin price extended its decline below the $65,000 support zone. BTC is now consolidating losses and might attempt a recovery wave toward $67,000. Bitcoin price declined further below the $65,500 and $65,000 levels. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the bears might remain active near $67,000. Bitcoin Price Drops Further Bitcoin price turned red after it broke the $68,000 support zone. BTC extended its decline below the $65,500 and $65,000 levels. Finally, it tested the $64,500 region. A low was formed near $64,572 and the price is now consolidating losses. There was a move above the $65,000 level. The price even tested the 23.6% Fib retracement level of the downward move from the $71,306 swing high to the $64,572 low. Bitcoin is now trading below $67,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $67,200 on the hourly chart of the BTC/USD. Immediate resistance is near the $66,000 level. The first major resistance could be $67,200 and the trend line. If there is a clear move above the $67,200 resistance zone, the price could start a fresh increase. In the stated case, the price could rise toward the 50% Fib retracement level of the downward move from the $71,306 swing high to the $64,572 low at $67,950. S... read More



Ethereum (ETH) Prices Could Face Heavy Resistance if This Happens

    Ethereum staking could present challenges for crypto asset manager Grayscale if the SEC greenlights fund conversion for ETHE as it did for GBTC. These are the findings of BitMEX research, which added that if the SEC does not allow staking, then there will be large outflows from the firm’s ETHE fund, larger than those from its Bitcoin ETF. “All the more reason to redeem from ETHE as soon as you can,” it advised. Staking Allowed in ETFs? Moreover, if Grayscale lowers the fee from 2.5% to 1.5% and the staking yield is 4%, investors could lose 5.5% by not redeeming and holding stETH, it stated. If the SEC does allow ETH staking, ETF issuers such as BlackRock and Fidelity could adopt a policy where 70% of inflows are staked, and 30% is held in spot ETH for liquidity. “For ETHE it's not so easy, they are expecting large and unknown outflows. This will mean the ETHE yield could be lower, encouraging more outflows.” Grayscale has already seen a 40% decline in GBTC AUM since its conversion less than ten weeks ago. ETH ETF - ETH staking could present challenges for Grayscale's ETHE product at conversion If the SEC does not allow staking, then all the more reason to redeem from ETHE as soon as you can, if Grayscale lower the fee from 2.5% to 1.5% and the staking yield is 4%, investors… — BitMEX Research (@BitMEXResearch) March 19, 2024 Grayscale’s Ethereum Trust currently has assets under management of $10.2 billion, which equates to ro... read More



Bitcoin Set for 10 Months Of Face Melting FOMO, Says PlanB

    Bitcoin (BTC) is beginning a parabolic bull run of epic proportions that will last throughout the rest of the year, according to popular price analyst PlanB. In a post to X on Friday, the pseudonymous Bitcoin bull published a graph plotting Bitcoin’s “market cycle,” noting that the price has now emerged from this cycle’s “accumulation phase.” Bitcoin Bull Market Has Begun “No more easy buying opportunities in orderly and slowly increasing markets,” wrote PlanB. “If history is any guide, we will see ~10 months of face-melting fomo: extreme price pumps combined with multiple -30% drops,” he added. PlanB grew into one of the most popular online analysts during the 2021 Bitcoin bull market, after predicting several of Bitcoin’s monthly closes with remarkable accuracy. He also popularized the Bitcoin “stock to flow model”, which models the asset’s future price based on its increasing scarcity, projecting an approximate Bitcoin price of $532,000 as early as 2026. When Bitcoin’s price receded below $20,000 in 2022, PlanB’s model received major scrutiny for being too optimistic. However, now that BTC has returned to over $60,000 per coin, PlanB is insisting that his model is still intact. “Bitcoin Feb closing price: $61,181 ... back to S2F model value,” wrote PlanB to X on Thursday. Bitcoin’s Massive February Rally Bitcoin’s price is up 39% year to date, with major ... read More



L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Mone...

    Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited communication between the protocol and Manta Network apps. An Aggressive and Timed Attack On Jan. 18, the Manta Network, a modular layer two (L2) protocol, announced that it was a victim of a distributed denial-of-service (DDoS) attack. The attack resulted in a sharp increase in the number of pending transactions. According to Kenny Li, who shared the DDoS attack alert via X (formerly), the attack initially saw 135 million requests hitting remote procedure call (RPC) nodes, proving that 'a very aggressive and timed attack' was underway. DDoS Attack Update on @MantaNetworkHey everyone, we are experiencing a calculated DDoS attack on the network. This happened at 9:30AM UTC, exactly the same time as our TGE event. Since that time, we have seen over 135m requests hit the RPC nodes, which indicates that this is a… pic.twitter.com/EgjUiOvRl0 — Kenny.manta (,) (@superanonymousk) January 18, 2024 The attack, which occurred during a token issuance event, is believed to have severely limited communication between the protocol and Manta Network apps. Some of the apps affected include New Paradigm and Into the Blue. Manta Network initially said it would take steps to counter the impact of the DDoS atta... read More



Algorand Investors Face Setbacks, 88% of ALGO Holders in Loss: Analysis

    Proof-of-stake blockchain network Algorand appears to be in a rough season as on-chain metrics show that more than 80% of users holding its native token, ALGO, are in losses. According to a tweet by pseudonymous X user Slim Daddy, data from blockchain intelligence firm IntoTheBlock shows that Algorand is experiencing stress in its profitability, growth, and token metrics. Algorand $ALGO faces challenges as data from @IntoTheBlock shows 88% of holders at loss, 14% price fall in 7 days and50% drop in dev activity over 2 weeks. Network stress signals from profitability, growth and token metrics. But usage & transactions volume are still rising,… pic.twitter.com/bcpkliXlIf — Slim Daddy ? (@felixreads) January 12, 2024 Algorand Faces Difficulties Slim Daddy, a content creator at IntoTheBlock, disclosed that Algorand has witnessed a significant drop in developer activity in the past two weeks. Roughly 88% of ALGO holders also battle losses as the token records minimal gains. Out of 19.88 million addresses on the network, only 1.91 million, representing 9.62%, are in profit, while a whopping 17.58 million, accounting for 88.38%, are in loss. Algorand’s figures are a far cry from that of Bitcoin, which has over 90% of BTC holders in profit. The network’s rate also differs starkly from that of fellow top altcoins like ether (ETH), which has more than 70% of its holding addresses in the green. Despite the general market rally, which has seen BTC and ETH soar ... read More



Watchdog Group Warns SEC: Reject Spot Bitcoin ETFs or Face 'Financial Ca...

    Financial watchdog group Better Markets has called on the U.S. Securities and Exchange Commission (SEC) to reject spot bitcoin exchange-traded funds (ETFs), warning that they 'will inflict massive investor harm.' The organization features U.S. Senator Elizabeth Warren's testimonial on its website. Its president, who is reportedly close to SEC Chairman Gary Gensler, warned the securities regulator that it 'must not facilitate the financial carnage that will follow.'SEC Must 'Follow the Law and Reject' Spot Bitcoin ETFs On Friday, Better Markets filed a supplemental comment letter with the U.S. Securities and Exchange Commission (SEC) detailing why the securities regulator should reject applications to launch spot bitcoin exchange-traded products (ETPs), which include bitcoin exchange-traded funds (ETFs). Better Markets is a non-profit, non-partisan, independent organization based in Washington, D.C. It is dedicated to promoting the public interest in financial reform, financial markets, and the economy. Its letter to the SEC on Friday referenced multiple spot bitcoin ETFs, including those proposed by Blackrock, Vaneck, Ark Invest, Invesco, and Wisdomtree. “The SEC must follow the law and reject spot bitcoin ETPs which will inflict massive investor harm,” Better Markets wrote. Dennis Kelleher, Better Markets' cofounder, president, and CEO, issued a statement Friday: The approval of spot bitcoin ETPs would be a historic mistake almost certainly leading to massive inv... read More



Solana Users Face Mounting Threat As Drainer Attacks Surge, SOL Price Pl...

    As the price of Solana (SOL) has skyrocketed by an astounding 722% year-to-date, the network's rapid growth has attracted both attention and challenges.  Not only has the native token gained significant value, but the use of Solana-based meme coins such as Bonk Inu (BONK), which has grown over 854% year-to-date, and decentralized applications (dApps) have skyrocketed. Unfortunately, this increased popularity has led to increased attacks against the so-called 'Ethereum Killer.' Malicious Solana dApps Exploited Web3 security firm Blockaid has recently observed a concerning trend of users falling victim to attacks by Solana-based drainers.  One notable example is the website lessfeesndgas[.]org, which succeeded in stealing tokens from the Solana Program Library (SPL), which is designed to support the creation and management of tokens on Solana and SOL worth hundreds of thousands of dollars. Interestingly, according to the company's post on X (formerly Twitter), Blockaid's secure wallets remained immune to these attacks from the moment the site went live, preventing any connections from being made. The sophistication of these drainers is noteworthy, according to the firm, as they can fool the simulations used by Solana wallets, causing users to sign malicious transactions unknowingly. Web3 security firm Blockaid further stated: As Solana continues to gain popularity, drainer groups are increasingly moving towards it, as indicated by the growing number of malicious Sol... read More



XRP Prices Face Strong Resistance; ADA, BEAM & ROE Elicit Interest

    XRP prices are consolidating for quite a while, and some investors seem to be interested in looking into alternatives such as ADA, BEAM, and ROE. Facing fierce resistance, XRP has attracted attention because of its potential, while ADA, has seen its price soar in the past weeks. On the other hand, Borroe Finance, the AI-driven Web3 fundraising platform, has also drawn the attention of investors. >>VISIT $ROE PRESALE NOW>VISIT $ROE PRESALE NOW read More



Three Arrows Capital Founders Face $1 Billion Asset Freeze

    A British Virgin Islands (BVI) court has issued a freezing order on approximately $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a once-renowned cryptocurrency hedge fund. The court's decision aims to prevent co-founders Su Zhu and Kyle Davies, along with the latter's wife Kelly Chen, from transferring or disposing of assets up to $1.14 billion to safeguard the interests of its creditors owed $3.3 billion. Teneo Asserts Founders' Decisions Led to $3.3 Billion Debt This legal action, as disclosed by the liquidator Teneo in an email statement, comes in the wake of allegations that the founders' decisions played a critical role in the firm's downfall. Teneo, appointed by the British Virgin Islands court, has been actively pursuing claims against the founders, asserting that their actions directly contributed to 3AC's substantial financial losses. According to Teneo, creditors of Three Arrows Capital are estimated to be owed $3.3 billion. He added that the worldwide freezing order is connected to claims that the founders should be held accountable for their role in increasing 3AC's financial troubles, which is equivalent to the frozen assets' value. 3AC Capital Founder’s Mounting Legal Challenges This latest court order follows a series of legal setbacks for the 3AC founders. The asset freeze follows closely on the heels of a domestic freezing order issued by the Singapore Court. Su Zhu was also arrested in Singapore this past September under ... read More



Velodrome and Aerodrome DEXs Face Frontend Attacks

    Velodrome, the second-largest DEX on the Optimism network, and its fork, Aerodrome, the leading DEX on Base, have reported a compromise in their respective frontend systems. Following the incident, both platforms urged users through their social media channels to refrain from interacting with their platforms for the time being. Velodrome and Aerodrome Urge Caution Amid Security Breaches 'Our frontend is currently compromised. Please do not interact with Velodrome for the time being. The team are investigating and will communicate more here when we have it,” the post stated. A similar notice was shared through Aerodrome's official account on X. Some users have also reported encountering suspicious transaction suggestions upon connecting their wallets to the exchanges. Stay safe guys, I had weird transaction suggestions while connecting. I had to switch to optimism and increase unspecified allowance. Luckily I didn't fell for it. — Sneaky.Pete. (@SneakyPeterr) November 29, 2023 The DNS attack, a method by which bad actors gain control of a website to redirect users to phishing sites, is suspected to be behind this breach. This type of cyber-attack targets a website’s DNS protocol, which is used to connect user requests to the corresponding website's IP address. Through the manipulation of this system, attackers can trick users into engaging with malicious contracts designed to drain funds, as demonstrated in this incident. Looks like stolen funds are going ... read More



Cardano Phoenix Moment: Price Breakout In The Face Of Recent Setbacks

    In the midst of recent market fluctuations, Cardano (ADA) has attracted significant attention from both investors and analysts alike. The cryptocurrency had a drop in value over the weekend, but it still managed to record strong gains—it has increased by about 50% in the last month. This noteworthy performance has fueled heightened interest and speculation surrounding ADA's potential for a substantial bullish rally in the foreseeable future. Of particular focus for analysts are the critical resistance levels that ADA has consistently struggled to breach throughout the year. Cardano Current Trading Price And Momentum At the time of writing, ADA was trading at $0.38, up 3.7% in the last seven days, data from crypto market price aggregator Coingecko shows. Even in the face of these challenges, ADA's resilience and positive momentum have sparked discussions about the coin's capacity to defy market uncertainties and pave the way for notable upward movements. The native cryptocurrency of the Cardano has garnered significant attention in recent times as a result of its notable surge in price. On November 16, the asset's value exceeded $0.40, marking the first occurrence since April 2023. Meanwhile, in the wake of recent developments in Cardano's staking landscape, there has been a noticeable uptick in rewards distributed to participants in the network's staking programs. This surge in rewards coincides with a proactive stance taken by bullish Cardano network participants, spu... read More



Bithumb's Former Chairman Could Face 8 Years in Prison: Report

    In a high-profile case in South Korea's cryptocurrency market, prosecutors have requested an eight-year prison term for Lee Jung-hoon, former chairman of Bithumb, the country's second-largest crypto exchange. The appeal hearing, presided over by Judge Seo Seung-ryeol of the Seoul High Court, revisits allegations of a massive $85 million fraud involving the failed listing of BXA (Bithumb Coin). Lee Jung-hoon Faces Eight-Year Prison Sentence According to Korean media Decenter, The Seoul High Court has resumed the appeal hearing for Lee Jung-hoon, the former chairman of Bithumb. Following this, the prosecution has reiterated its request for an eight-year prison sentence for Lee, intensifying the legal battle over alleged fraud involving 110 billion won approximately $85 million. Lee Jung-hoon is accused of misleading BK Group Chairman Kim Byeong-gun into a fraudulent deal under the pretense of acquiring and jointly managing Bithumb, with promises of listing BXA (Bithumb Coin) on the exchange. The prosecution, challenging the acquittal from the first trial, argues that Lee intended to evade financial regulations and profit through the exchange's coins, exploiting significant information asymmetry and misleading investors about the feasibility of listing BXA. Despite being acquitted in the first trial, where the court cited a non-binding clause in the investment agreement and found no explicit promise for coin listing, the prosecution appealed, citing Lee's alleged intention to de... read More



SafeMoon Executives Face DOJ Arrests And SEC Charges – SFM Plummet...

    The US Securities and Exchange Commission (SEC) recently announced charges against SafeMoon, its creator Kyle Nagy, the company’s CEO, John Karony, and CTO, Thomas Smith.  The SEC alleges that these individuals orchestrated a 'massive fraudulent scheme' involving the unregistered sale of SafeMoon (SFM), a 'crypto asset security' as defined by the SEC.  Per the complaint, instead of delivering the promised profits and taking the token 'Safely to the Moon,' the defendants allegedly wiped out billions in market capitalization, misappropriated investor funds, and withdrew over $200 million in crypto assets for personal use. On this matter, David Hirsch, Chief of the SEC Enforcement Division's Crypto Assets and Cyber Unit, emphasized the need for caution in the decentralized finance (DeFi). SEC Charges SafeMoon And Executives  According to the complaint, Kyle Nagy assured investors that funds in SafeMoon’s liquidity pool were safely locked and inaccessible to anyone, including the defendants.  However, according to the SEC’s investigations, large portions of the liquidity pool were never locked, and the defendants allegedly misappropriated millions of dollars, indulging in extravagant purchases such as McLaren cars, luxury homes, and lavish travel. The SEC's complaint reveals that SFM’s price skyrocketed by over 55,000 percent before plummeting nearly 50 percent when the public discovered that the liquidity pool was not locked as c... read More



Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving

    About 60,000 bitcoins valued at just over $2 billion were removed from trading platforms in the past 90 days. The number of bitcoins on centralized exchanges is slightly more than 2 million. A recent report from Falconx says swings in the market have been exacerbated by a persistent lack of liquidity.Crypto Exodus: Over $2 Billion in Bitcoins Pulled from Exchanges in 90 Days The count of bitcoins on centralized exchanges has plummeted to a multi-year low, with a mere 36,000 BTC exceeding the 2 million mark. This starkly contrasts the 2.513 million BTC stashed on trading platforms as of November 5, 2022. Within a span of under a year, exchanges saw a reduction of 477,000 BTC. Fast forward to July 31, 2023, and about 2.096 million bitcoins were held on these trading platforms. This implies that, at current BTC exchange rates, a hefty sum of $2 billion in bitcoins, or 60,000 BTC, has been withdrawn from these platforms. The same can be said about the number of ethereum (ETH) kept on centralized exchanges. Data from cryptoquant.com indicates that on November 5, 2022, there were 23.14 million ETH held on trading platforms. On October 30, 2023, the count of ether is down to 14.57 million, which means 8.57 million ethereum worth $15.64 billion have been removed from exchanges in less than a year. Stablecoins too have been taken off exchanges or redeemed by the central issuers. Exchanges that held $35 billion in stablecoin assets last November now have only $17.34 billion. This ind... read More



Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemi...

    New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about the risks of their lending program and tried to conceal over $1.1 billion in losses from investors.Letitia James’ Crypto Fraud Lawsuit Seeks Over $1 Billion in Losses The latest lawsuit from Letitia James centers around the investment program called “Gemini Earn” which was launched in February 2021 as a partnership between Gemini and Genesis. Gemini operates a crypto exchange and ostensibly touted Genesis as a trusted lending partner for the Gemini Earn program. The program allowed investors to earn interest by lending their crypto assets to Genesis. However, the attorney general's investigation found that Gemini misrepresented the risks of lending through Genesis and continued promoting the Earn program as 'safe and secure' even after revising Genesis' credit rating to junk status internally. The lawsuit states that Genesis tried to hide massive losses exceeding $1.1 billion from soured loans after the collapse of Three Arrows Capital (3AC) in June 2022. “These cryptocurrency companies lied to investors and tried to hide more than a billion dollars in losses, and it was middle-class investors who suffered as a result,” James declared. “Hardworki... read More



Everlodge Continues Rising While Cardano (ADA) and Toncoin (TON) Face Pr...

    Cryptocurrency investors have experienced a period of financial instability in recent times. However, the massive presale success of Everlodge has provided them with a renewed sense of optimism. Experts have also opined that this new project can trigger the next market bull run. On the other hand, cryptocurrencies like Cardano (ADA) and Toncoin (TON) have declined sharply to surrender to the market bears. Therefore, their investors are willing to invest in ELDG. Visit the Everlodge presale and win a luxury holiday to the Maldives Crypto Analyst Shares Worrying Opinion About Cardano (ADA) Cardano’s (ADA) market health does not look well, and crypto analyst, Benjamin Cowen, has shared his opinion on it too. According to Cowen, Cardano’s price is likely to drop to as low as 400 Satoshi in the upcoming months. The anticipated drop seems significant, considering that Cardano has been trading in the range of 800-1200 Satoshi. The analyst believes that Cardano can fall into this “depression phase” once its price goes below $0.24. Meanwhile, Cardano has witnessed a drop of more than 7% in the past month. Thus, a Cardano token is available at $0.25. The overall bearish industry has kept Cardano under constant pressure. Toncoin (TON) Sees Rise in Its Price for a Brief Period Recently, Toncoin (TON) witnessed a sudden surge in its market standing. The development took place after Telegram endorsed Toncoin as its preferred blockchain network. Soon after the annou... read More



Everlodge (ELDG) Surges as Dogecoin (DOGE) and Axie Infinity (AXS) Face ...

    Dogecoin (DOGE) and Axie Infinity (AXS) are struggling, but Everlodge is a new crypto that could be better. The platform makes it possible for people to buy and sell pieces of luxury vacation homes and villas. Visit the Everlodge Presale and Win a Luxury Holiday in the Maldives Dogecoin (DOGE) Price Declines Despite Strong Long-Term Technical Score Dogecoin (DOGE) has seen its score and price decline in recent weeks, raising concerns among investors. InvestorsObserver gives Dogecoin (DOGE) a strong long-term technical score of 80. However, the price of Dogecoin (DOGE) has fallen by 3.13% in the past 7 days, 0.25% in the last 24 hours, and 0.07% in the past hour. The current price of Dogecoin (DOGE) is $0.0606. Dogecoin (DOGE) is 91.81% below the all-time high of $0.74. Additionally, Dogecoin (DOGE) has also been inactive on Twitter, and there have been no major updates on the website in recent weeks. This lack of activity of Dogecoin (DOGE) has led some investors to question the future of the project. Axie Infinity (AXS) Listed on Coincheck Axie Infinity announced that AXS has been listed on Coincheck, a top Japanese cryptocurrency exchange. This listing marks a significant milestone for Axie Infinity (AXS), as it further expands the project's reach in Asia. Furthermore, it makes it easier for Japanese users to buy and sell the Axie Infinity (AXS) token. However, despite this recent positive news, the price of  Axie Infinity (AXS) has been declining. Axie Infinity&rsquo... read More



Ethereum Bulls Face Crucial Test: Will $1,550 Withstand the Pressure?

    Ethereum price is consolidating above the $1,550 support against the US dollar. ETH could decline heavily if the bulls fail to protect $1,550 and $1,540. Ethereum is struggling to start a recovery wave from $1,550. The price is trading below $1,585 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,565 and $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if the bulls defend the $1,550 support zone. Ethereum Price Faces Resistance Ethereum remained in a bearish zone below the $1,600 resistance zone. ETH is still consolidating above the $1,550 support and showing bearish signs, like Bitcoin. The recent low was formed near $1,542 before the price started a consolidation phase. The price spiked once above the 23.6% Fib retracement level of the key decline from the $1,665 swing high to the $1,542 low, but upsides were limited. Ethereum is now trading below $1,585 and the 100-hourly Simple Moving Average. There are also two bearish trend lines forming with resistance near $1,565 and $1,590 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,565 level and the first trend line. The first major resistance is near the second trend line, $1,590, and the 100-hourly Simple Moving Average. The next resistance is near $1,600 or the 50% Fib retracement level of the key decline from the $1,665 swing high to the $1,542 low. Source: ETHUSD on Tradin... read More



Ethereum ETFs Face Lackluster Debut From Small Investors: Is The Hype Fi...

    Yesterday's launch of futures-based Ethereum (ETH) exchange-traded funds (ETFs) delivered underwhelming results, with shallow trading volumes indicating a deficient demand for ETH exposure. Furthermore, a recent report by The Wall Street Journal report by The Wall Street Journal, it was revealed that the launch of the first Ethereum exchange-traded funds on Monday generated little interest from small investors.  These ETFs provided individual investors access to the second-largest cryptocurrency through brokerage accounts. However, per the report, most of the futures-based Ether ETFs ended the day in the red, with a combined trading volume of less than $2 million. Red Flags For Ethereum ETFs? The Ether ETFs, offered by prominent asset management firms such as ProShares, VanEck, and Bitwise Asset Management, are entering a highly competitive market. Experts believe these funds will have to compete fiercely in cost and marketing strategies to attract investors amidst the crowded landscape. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, expressed his concerns regarding the funds, stating:  A lot of these funds are going to struggle to get assets. There's probably only room for one stud in this race. During a Bloomberg TV appearance, Balchunas emphasized the relatively low trading volume of the Ethereum ETFs compared to BITO, a Bitcoin (BTC) ETF that tracks the price of BTC using Bitcoin Futures launched in 2021.  Notably, the trading environment fo... read More



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