Author: Crypto News

Last updated: May 8, 2024 19:30 EDT | 2 min read Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia.Per the Spanish-language media outlet Criptonoticias, the deal involves the Argentinian government-owned firm Fiscal Petroleum Yacimientos (YPF) and its YPF Luz affiliate.The agreement also involves the Norwegian oil and gas supplier Equinor and the Bitcoin mining firm Genesis Digital Assets Limited (GDA). Argentina Energy Provider The Latest to Ink BTC Mining Deal YPF is South America’s third-largest oil producer. It has several…

Bitcoin Price Prediction Bitcoin’s pivot point is set at $62,500, which Bitcoin has recently undercut, suggesting a bearish bitcoin price prediction. Immediate support at $59,164 provides the next threshold that could see significant buying interest if tested. Further supports are placed at $56,677 and $54,336, levels that might come into play if the downtrend continues. On the resistance side, Bitcoin faces several barriers. The immediate resistance is at $64,564, beyond which the next levels are $67,084 and $69,356. These figures represent critical points that Bitcoin would need to surpass to confirm any potential bullish reversal. Bitcoin Price Prediction – Source:…

Last updated: May 8, 2024 17:30 EDT | 4 min read With various cryptocurrencies exhibiting significant movements, Ethereum Classic, Tron and Kaspa have recently sparked investor interest due to their price action and recent developments, leading some analysts to tout them as the best crypto to buy now. As blue-chip cryptocurrencies trade with a bearish bias on Wednesday, Bitcoin (BTC) is sliding back to $ 62,000 after it found resistance at its 50DMA earlier this week. With a stagnant market outlook for larger cap coins, traders are parsing through the altcoins markets to look for the best crypto to buy…

Last updated: May 8, 2024 17:12 EDT | 2 min read Shiba Inu Investors Move to New ICO, Targeting 1000% Returns / Source: Cryptonews As Shiba Inu (SHIB) threatens a bearish breakout of a key technical pattern, investors are moving their attention to a new ICO as they target 1000% returns that they are unlikely to get with SHIB.SHIB has formed a pennant structure in the past two months as it continued to consolidate below its 2024 highs.Though pennant structures can break in either a bullish or bearish direction, SHIB risks seem tilted towards fresh downside.That’s because SHIB has found…

Last updated: May 8, 2024 16:44 EDT | 1 min read Image Source: Pixabay Football superstar Christiano Ronaldo’s motion to dismiss a $1 billion class action lawsuit was denied on May 4. The lawsuit concerns his promotion of non-fungible tokens (NFTs) on Binance.According to Newsweek, Judge Roy Altman issued the ruling, stating, “We deny without prejudice the Defendant’s 29 motion to dismiss.” Ronaldo Stuck With $1 Billion Lawsuit “Accordingly, we direct the Clerk of Court to close and stay this case until we have adjudicated the pending motions to compel arbitration in the related action,” the judge added.Arbitration is a…

Last updated: May 8, 2024 16:27 EDT | 2 min read Coincheck is set to become a publicly traded company by listing on Nasdaq, as revealed by the exchange on May 8. The company is seeking to achieve this through a merger with Thunder Bridge Capital Partners IV (THCP) by the third quarter (Q3) of 2024.According to a Coincheck press release, the approval of Thunder Bridge IV’s stockholders is one key condition for the merger to proceed. Coincheck Nasdaq Listing Draws Investment Concerns Certain conditions outlined in the definitive agreement between Coincheck and Thunder Bridge IV must also be met.These…

Last updated: May 8, 2024 16:05 EDT | 2 min read The U.S. House of Representatives is set to vote this afternoon on a resolution proposed by Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE) that would see a formal disapproval of the United States Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.Reps. Wiley Nickel And Mike Flood’s Resolution To Be Voted On Today If the resolution passes, it would formally press the SEC to backtrack on its controversial accounting bulletin.SAB 121 has garnered heat since it launched in April 2022 because it requires banks to list liabilities…

Last updated: May 8, 2024 15:04 EDT | 2 min read Three American sports personalities, Rob Gronkowski, Victor Oladipo, and Landon Cassill, agreed on May 3 to collectively pay $2.42 million to settle allegations in the Voyager promotion case.The settlement involving the trio’s promotion of the defunct crypto exchange Voyager Digital provides a detailed look at the financial implications and legal aspects of their involvement. Plaintiffs in Voyager Promotion Case Targets $792K Attorney Fees Payment Retired NFL icon Gronkowski agreed to pay the highest amount, $1.9 million. OKC Thunder Guard Oladipo settled for $500,000, while NASCAR driver Cassill agreed to…

Last updated: May 8, 2024 13:50 EDT | 2 min read In the latest Base meme coin pump, new Trump MAGA Base token has skyrocketed ahead of the US Presidential Election.This article will provide an analysis of TRUMP’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time. $Trump on base 0x2024 LFG pic.twitter.com/mKP4gj8TUb — 🍊🐉CRYPTO TITAN 💎👑🐉T$UKA (@CRYPTO_TITAN21) May 7, 2024The PoliFi meme coin appears to have gained major traction on BASE after striking a chord with MAGA-minded retail investors enjoying the dip on Base meme…

Last updated: May 8, 2024 13:42 EDT | 3 min read For the Terra Luna Classic price to continue higher, it will need to break sustainably above $0.00012 resistance. Source: TradingView The Terra Luna Classic price (LUNC) bounced 4% on Wednesday despite a governance proposal to prevent double network validating falling flat and a stagnant trading activity across the broader crypto market. I have voted NO on proposal 12101 Although I recognise the problem: 1: if you follow the proposal to the letter, it would prevent allnodes, hexxagon, etc, from offering their managed validator service. 2: There is no defined…