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Over the past month, Chainlink (LINK) has suffered from a bearish. After a steep drop into the red in the middle of May though, Chainlink’s price appears to be rebounding. Notably, between April 11 and May 11, the asset dropped from $8.57 to a low of $6.37. Bulls are beginning to reclaim market control, however, so many coins that have also suffered over the past month are beginning to recover. Chainlink’s native token is one of them, seeing a slow rise in the last 24 hours back to $6.51. Source: Pixabay Chainlink currently has an estimated market cap of $3.35 Billion. LINK’s 24-hour trading volume is up within the last 24 hours by 80.93%. This indicates the return of high trading activity in the market, especially amongst bulls. Additionally, the markets show that Chainlink whales are perhaps looking to accumulate a lot of LINK. The Moving Average Convergence/Divergence (MACD) is trading above the signal line of 6.536. With LINK whales returning, this is an enco...

The crypto community follows Peter Brandt ’s updates closely because of his accurate predictions on Bitcoin price. While he remains bullish on Bitcoin hitting $40000, bearish sentiment is rising due to the recent turn of events. advertisement Peter Brandt Predicts Bitcoin Price Fall Amid Debt Ceiling Crisis Veteran trader Peter Brandt in a tweet on May 22 predicts that Bitcoin price can break below the $26,800 level. After the correction, Bitcoin price will continue to move higher. Earlier, he recommended going long on Bitcoin and predicted a BTC price target of $40,000 . According to his Analysis , BTC price risks falling to $24,800. GoinGape Media also reported the same level after on-chain data and technical indicators pointed to an upcoming fall in Bitcoin price. A drawdown in BTC price offers investors to buy the dip. Recommended Articles Crypto Telegram Channels List 2023 [Up...

Join Our Telegram channel to stay up to date on breaking news coverage The Hong Kong Monetary Authority (HKMA) has launched the e-HKD Pilot Programme, involving 16 selected firms from the financial, payment, and technology sectors.  This pilot program aims to explore potential use cases across six categories and pave the way for the future implementation of a retail central bank digital currency (CBDC). HKMA Collaborates with Industry Leaders for e-HKD Pilot Programme The HKMA described conducting a series of pilots and collaborating with various stakeholders to examine the use cases, implementation, and design issues of e-HKD. Key learnings from these pilots will be shared with the public during Hong Kong Fintech Week 2023 in November. Several notable companies participating in the pilot program include Alipay Financial Services, Bank of China, China Construction Bank, Fubon Bank, Ripple Labs, Standard Chartered Bank, Hang Seng Bank, HSBC, Visa, Industrial and Commerci...

The craze right now is Pepe Coin, a newcomer to the world of meme coin s. CoinMarketCap data shows that in the short time since its inception, PEPE has given its early investors mind-blowing gains. From a record low of $0.00000002764 on April 17, 2023, to an all-time high of $0.000004354 before falling to its current position, the price of PEPE has surged. In the last 30 days, Pepe Coin has increased by 5412%, delighting early investors with millions of dollars. Source: CoinMarketCap With its soaring popularity, PEPE has bagged listings on numerous top exchanges, including Binance, KuCoin, Kraken, and others. In one of the latest findings, the new meme coin made its way to Bittrex Global. Also read: Shiba Inu vs. PEPE: Here’s Where PEPE Falls Short Pepe Coin bags listing from Bittrex Global In addition to the new Pepe Coin listing, Bittrex is also providing zero fees for trading on the PEPE/USDC pair until August 28. However, the surging price of PEPE seems to ...

Environmental lawyer and US presidential candidate Robert F. Kennedy Jr. recently spoke about Bitcoin at a conference. Kennedy Jr., a firm believer in alternative digital assets, shared his thoughts on BTC. Speaking of the same, Kennedy Jr. stated that everybody is passionate about Bitcoin, not just because it’s a currency but because it’s an exercise in democracy. JUST IN: US Presidential candidate Robert F. Kennedy Jr. says #Bitcoin is an exercise in democracy. — Watcher.Guru (@WatcherGuru) May 19, 2023 Kennedy Jr. wants to nurture Bitcoin in the US Kennedy Jr. said that  “when I become president, I am going to ensure that you guys have your own wallet and keep your own password so that the government can’t interfere.” He also added that in such a situation, the government wouldn’t tax 30% of electricity so that everyone could nurture BTC at home and create wealth for Americans. He had earlier voiced his opposition to the FedNow CBDC, stating that it is no...

Alchemy Pay will integrate CELO and cUSD into its on ramp solution , allowing users to interact with these digital assets in a compliant and simple manner. With the integration of these assets, Celo’s blockchain ecosystem will be accessible, as will the use of DeFi applications on the Celo blockchain. “Easy-to-access on ramp solutions help enable mainstream adoption of blockchain technology,” said Natalie Alfers, Strategic Partnerships at the Celo Foundation. “This integration with Alchemy Pay will help provide greater access to digital assets for everyday people around the world.” “Alchemy Pay is committed to providing our users with the most comprehensive payment solutions that are both secure and convenient,” said Robert McCracken, Ecosystem lead of Alchemy Pay. “This integration with Celo demonstrates our commitment to bringing decentralized finance to a wider audience through seamless fiat-to-crypto conversions.” As a leading payment solution provider, Alchemy Pay has been ...

Grayscale has removed ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any near launch of Ether ETF products. Two prominent crypto asset managers, namely Grayscale and Bitwise, have put a halt on their ETH futures exchange-traded fund (ETF) plans amid growing scrutiny from United States regulators. Grayscale filed an amendment to its Securities and Exchange Commission filing on May 17 to remove mentions of Ethereum futures ETF. The amendment comes just within a week of sharing plans to launch a trio of ETF products. The other two flagship products include a semi-spot bitcoin ETF that would invest in the spot BTC market and a privacy ETF focused on investing in privacy-focused blockchain companies and digital assets. Grayscale just filed for a semi-spot bitcoin ETF, as well as Ethereum Futures ETF and a Privacy ETF. Interesting.. pic.twitter.com/MPruDolp7G — Eric Balchunas (@EricBalchunas) May 9, 2023 Grayscale’s amendment to it...

Meme coins have taken the world by storm, with their humorous branding captivating the attention of investors and social media users alike. However, amidst the sea of meme coins, a battle of characters is emerging and newcomers like ApeMax (APEMAX) are real game changers. At the forefront of this battle is the infamous Doge, the lovable Shiba Inu dog that serves as the face of Dogecoin. Doge has become a cultural icon, spawning countless memes and garnering a massive following. It’s also gained the attention of celebrities like Elon Musk, who frequently tweets about the coin, sending its value soaring. Doge coin has been so successful in fact that it has been the inspiration for several other doge related coin projects such as Shiba Inu. Another notable player in the game is Pepe, the green frog that serves as the face of Pepemon, a blockchain game based on the Pokemon franchise. Pepe has been a controversial figure in internet culture. However, Pepemon has attempted t...

Coinbase CEO Brian Armstrong is open to moving offshore due to a lack of clarity on crypto regulations in the U.S. and considering the Bahamas, the United Arab Emirates, and Europe as preferred locations for its headquarters. advertisement Coinbase Expands Services to Singapore Crypto exchange Coinbase strengthening its global expansion strategy in response to the crypto crackdown by US regulators. Recently, the company launched Coinbase International Exchange in the Bahamas to offer derivatives trading and consider the UAE as a potential strategic hub. Coinbase received in-principle approval from the Monetary Authority of Singapore (MAS) last October. Since then, the exchange has introduced various products and services for its Singapore customers. Coinbase today introduced no-fee USDC purchases with Singapore dollar (SGD), rewards for holding USDC, making USDC order books available on advanced trading, and staking for ETH, SOL, ADA, ATOM, and XTZ. ...

BRICS countries are looking to sideline the U.S. dollar by launching a new currency to settle international trade. The development challenges the dollar ’s supremacy and could dethrone it from the global reserve status. The move is inspiring other developing Eastern countries to ditch the dollar and promote their native currencies for global trade. If the momentum continues, many more Eastern nations could join hands and end reliance on the U.S. dollar completely. Also Read: 30 Countries Now Ready To Accept BRICS Currency BRICS: 10 Developing Eastern Countries Ready to Ditch U.S. Dollar Source: eastasiaforum.com The leaders of 10 Southeast nations and the members of the Association of Southeast Asian Nations (ASEAN) have agreed to promote their native currencies for cross-border transactions. The 10 countries will reduce settling payments with the U.S. dollar and use their local currencies for transactions. The group of nations wants to “encourage the use of local ...

U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability of the country. ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’ Reintroduced in U.S. Senate U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” also known as the “ACES Act,” to be discussed in the U.S. Senate. The piece of legislation, that was previously presented to Congress on March 23, 2022, seeks to examine the process applied to make bitcoin legal tender in El Salvador, as well as its effect on the economy of the country. When reintroducing the ACES Act, U.S. Senator Jim Risch reinforced the perceived need to asse...

A recent tweet by Elon Musk has boosted sales of the Milady Maker NFT collection, turning a welcome profit for NFT sellers for the first time in months as the NFT dry season drags on. In the last 24 hours, the Milady collection briefly kept pace with the Bored Ape Yacht Club. It saw 674 ETH traded in total, putting it second only to Mutant Ape Yacht Club which traded 2,523 ETH, mostly on Blur. Ethereum NFT sales this year have crashed, thanks largely to Blur. The focus now looks to have shifted squarely to Bitcoin NFT s. Unfortunately for Milady , Musk ’s pump was short-lived and the collection’s price soon slipped back to where it had been previously . The floor price rose from 3.4 ETH to 5.4 ETH as soon as Musk tweeted but at the time of writing it had dropped back to 3.8 ETH. Ethereum NFTs are crashing while Bitcoin Ordinals are soaring Read more: Binance halted bitcoin withdrawals amid ordinals madness On-chain lookers have also confirmed that someone bought ...

The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively. Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Interestingly, the decline has strengthened Bitcoin's correlation with several traditional financial metrics. But does this raise the risk of Bitcoin continuing its downtrend in Q2? Let's have a closer look. U.S. dollar index's double bottom The U.S. dollar index (DXY), which measures the greenback's strength against a basket of top foreign currencies, rose 1.4% to 102.70 in the week ending May 14. The rise marked the dollar's best week since September 2022. Interestingly, the dollar's rise l...

Join Our Telegram channel to stay up to date on breaking news coverage The Financial Conduct Authority (FCA), the regulatory body in the UK, has announced stricter regulations for cryptocurrency firms targeting retail investors.  UK Financial Regulator to Crack Down on Misleading Crypto Marketing, Mandates “High Risk” Disclosure Sarah Pritchard, the Executive Director of Supervision, Policy, and Competition Markets at the FCA, emphasized the agency’s commitment to crack down on companies attempting to attract UK consumers through misleading marketing practices. Pritchard stated the FCA will  vigilantly monitor compliance with the new rules and will not hesitate to take enforcement action against firms in violation. The upcoming legislation in the UK will introduce a requirement for cryptocurrency firms to communicate the “high-risk” nature of their investment products in their marketing materials. Sarah Pritchard emphasizes the importan...

Crypto data aggregator CoinGecko shared some of the top trending cryptocurrencies earlier today. The cryptocurrencies were ranked based on which coins were searched for the most over 3 hours. The five cryptos that were searched for the most during this time period included Polygon (MATIC), PancakeSwap (CAKE), Ethereum (ETH), Bitcoin (BTC) and Sui (SUI). MATIC was the crypto that was the most popular, and experienced a 24-hour price drop of about 4.1%. As a consequence, MATIC was trading hands at $0.829698 at press time. MATIC price (Source: CoinGecko) The altcoin was able to set a daily high of $0.865369, but was trading much closer to its daily low of $0.822147. Despite its price drop, MATIC was able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 0.4% and 0.1% respectively. The second and third highest trending coins were CAKE and ETH. Both of these altcoins experienced price losses over the previous 24 hours of trading as well. At press time, CAKE...