A Telegram admin for BingX claims that the exchange “has no problem with Iranian users, and it is even possible to authenticate with a national card.” The BingX crypto exchange is allowing sanctioned Iranian users to evade restrictions. The exchange openly displays an Iranian version of its website, and its officials have made statements in Persian in the exchange’s…
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Bitcoin dominance charts moving sideways may be a reversal signal that could kick off altseason, say analysts. Crypto’s famed “altseason,” a time during bull markets when smaller-capitalization cryptocurrencies skyrocket in value, could be coming very soon, according to market analysts. On April 11, trader and analyst Rekt Capital observed that the altcoin market cap “has been the…
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Some crypto traders suggest waiting on the sidelines to avoid getting “rinsed by leverage,” as they can always “play catch up later.” Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was…
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Crypto traders expect the upcoming halving to send BTC price much higher, but what does the options market say about pro traders’ expectations? As the Bitcoin halving event draws nearer, market participants, especially professional traders, are keenly observing the shifts within the ecosystem. Historically, the anticipation surrounding halving events has fostered a bullish sentiment, especially in the…
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Key Points: Bitcoin halving event may already be priced in, driven by optimism from US ETF approval. Marathon Digital Holdings CEO Fred Thiel suggests ETF approval accelerated demand, impacting post-halving price trends. Bitcoin’s recent price corrections have been less severe, possibly influenced by the introduction of a Bitcoin ETF. Bitcoin’s upcoming halving event, a software…
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Bitcoin price could rise another 160% after the halving, hitting the $150,000 mark, according to analysts. With only 10 days left until the much-awaited halving, Bitcoin is still trading above the $70,000 psychological level, bolstering bullish long-term price predictions from market analysts. Following the halving, Bitcoin BTC $70,589 price could appreciate over 160% to reach a…
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The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing. Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents…
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Key Points: Binance tightens KYC standards for users under its Binance Link Program, effective March 20, 2024. Sub-account holders failing to meet Binance KYC requirements risk full account restrictions by May 20, 2024. Exchange Link account holders must ensure compliance and provide necessary user information, with Binance communicating solely through them. Binance, one of the…
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While the halving is associated with Bitcoin bull cycles, the current rally is mainly driven by ETF inflows, argues Bybit’s Hao Yang. The Bitcoin price rallied approximately 650% since the last Bitcoin halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving. Is BTC price headed to $435,000 by…
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Key Points: Binance executive sues Nigeria’s NSA and EFCC over human rights violations. The Nigerian government charges Binance with tax evasion amidst currency impact concerns. Legal proceedings are adjourned as executives seek release; the digital asset community demands freedom. Detained Binance executive Tigran Gambaryan has taken legal action against Nigeria’s National Security Adviser (NSA) and…
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