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A bearish chart pattern suggests that PEPE could shave off another 70% in value, especially if the wider market continues to trend down. Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators. PEPE charts flash a classic bearish reversal pattern From a technical standpoint, the price of PEPE could drop sharply from its current levels. At the core of this bearish outlook lies the classic head-and-shoulders (H&S) pattern. Analysts who use technical analysi view the H&S pattern as a bearish reversal indicator for the unversed. It forms when the price forms three peaks atop a common neckline support; the middle peak, called "head," is higher than the other two, called the "left shoulder" and "right shoulder." Head-and-shoulder breakdown illustrated. Source: Forex Academy The H...

Gafin Partnership with Hussarsbgg, enables both parties to build stronger and more connected web3 gaming communities. This is a significant step forward for both organizations. Gafin believe their partnership will make a greater impact on their organization by expanding their reach and bringing more opportunities for like-minded Web3 gaming enthusiasts to come together and build meaningful connections. They are excited to be at the forefront of this movement, and look forward to seeing the value it brings to the communities they serve. As Gafin announced their Partnership with Hussarsbgg ­ About Hussars The crypto guild called HussarsBGG was founded with the aim of providing a platform for like-minded individuals to come together and share their passion for gaming. In addition to promoting games, the HussarsBGG also provides its members with a supportive and welcoming community. The guild is open to all individuals who share the same passion for gaming, regardless of skill level or exp...

Binance Looks To Offset Collateral Risk According to a report published by Bloomberg, Binance has engaged in conversations with its institutional customers regarding a new arrangement that would enable them to employ bank deposits as collateral for both spot and derivatives margin trading. Two potential intermediaries for this service, namely Swiss-based FlowBank and Liechtenstein-based Bank Frick, have been mentioned, although the deliberations remain private and subject to change. advertisement Read More: Hong Kong & UAE Join Forces To Regulate Cryptocurrencies The proposal comes in response to the growing concerns of institutional crypto traders following the sudden collapse of FTX late last year, which resulted in substantial losses for many. Cryptocurrency exchanges undertake multiple roles, including facilitating trades, custodying assets, settling transactions, and offering credit. This multifaceted involvement amplifies the risk of widespread conseq...

Australia-based customers of Binance, the world’s largest cryptocurrency exchange, have been liquidating their Bitcoin holdings at a substantial discount, with prices on the platform falling to almost A$9,000 below those on rival exchanges. This occurred in the wake of the exchange losing its banking partners and facing regulatory scrutiny, prompting a rush to exit among Australian customers. Earlier this month, Binance revealed it would no longer facilitate Australian Dollar bank transfers using PayID, a development that led to many customers seeking to cash out their positions quickly. Consequently, Bitcoin’s price on Binance Australia dropped to around A$34,000 ($23,062.20), compared with A$43,000 on BTC Markets, a local competitor. Outside Australia, Bitcoin was quoted at $27,790. The Australian Securities and Investments Commission (ASIC) added to Binance’s challenges by reviewing its derivatives business. This action was prompted by an error on Binanc...

Join Our Telegram channel to stay up to date on breaking news coverage Back when Bitcoin was launched — nearly 14 and a half years ago now — it was because Satoshi Nakamoto decided that centralized financial institutions cannot be trusted with the people’s money. The concept of Bitcoin offered decentralization as an alternative, and to this day, the US has been extremely reluctant to accept it. This is why the country still lacks the proper regulations for the cryptocurrency industry, and according to ARK Invest’s Cathie Wood, the US is losing the Bitcoin movement. Wood, who funded the investment manager ARK Invest, further pointed out the risks of centralization. She spoke at Fortune’s Most Powerful Next Gen conference last week, stating that the center of gravity of cryptocurrency is moving further and further away from the US. Meanwhile, the country is not doing anything to establish itself in the crypto sector. The US is losing the bitcoin...

Join Our Telegram channel to stay up to date on breaking news coverage It’s the weekend, and the crypto market continues on its winning streak. It has been on this path for most of the week. The period saw all categories of assets in the crypto and virtual reality space doing outstandingly well. Even very unpopular coins and assets caught the wind and enjoyed some attention.  The decentralized finance market is currently worth $1.82 billion over the last 24 hours. It also currently takes up 6.51% of the entire crypto market. Bitcoin dominance increased by 0.01% in the same period to hold 46.22% of the market. Investors also latched on to opportunities as the market fought out of the bear trend. Numerous assets got green due to an almost lavish outpour of resources. The idea is that investors are pushing the market ahead of an imminent bullish run. However, new and existing low-finance investors deviated their attention to newer coins. We mentioned some of these asset...

Discussing AI as a feature, not a product, while the real use cases for AI have yet to emerge. Cointelegraph’s recent Ask Me Anything session on AI and blockchain brought together Foresight Ventures partner Tony Cheng, Hack VC managing director Ed Roman and Dragonfly Capital managing partner Haseeb Qureshi. The speakers discussed possible AI use cases in the crypto space, prominent startups that are already using AI, and investor interest in similar businesses. All guests noted that it’s too early to predict the evolution of Web3 and AI collaboration or the appearance of any unicorns at their intersection, as large language models are just emerging. They also emphasized the very different nature of these technologies, with AI being authoritarian while blockchain and Web3 remain democratic, non-hierarchical and decentralized. “We get pitches that are mostly solutions looking for problems. For example, some propose to build infrastructure to serve use cases, but the problem is that tho...

Bitcoin has formed a bearish crossover on the weekly chart’s moving average convergence divergence (MACD) indicator. According to the crypto YouTuber, CryptoKid, that could lead to a price drop of up to 19% by the pioneer cryptocurrency. CryptoKid made the statement during a video interview with the host of The Moon, a crypto YouTube channel that discusses crypto market trends and price developments. CryptoKid confirmed that using the MACD bearish signal, he has opened a short swing position for Bitcoin. Aside from the MACD signal, CryptoKid observed that the Bitcoin chart could develop into a head and shoulders pattern. He shared a chart in the video indicating the head and shoulders pattern is still developing, with significant bearish tendencies. CryptoKid believes that fulfilling that pattern would imply that Bitcoin’s price will drop from the current level. Although the signals are there, CryptoKid noted it is still too early to confirm the fulfill...

Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency industry has had a long history with betting and gambling, with some chains, like Tron, being the major gambling hubs. Betting on political events using digital assets has been particularly popular as of late, especially now that the new US presidential race has kicked off. The United States will elect a new president in 2024, and the crypto industry is investing in cryptocurrencies that emerged recently, named after the new candidates. These so-called shit coins have attracted a lot of traffic on DEXes, where listing them is a shorter and less complex process. Uniswap, for example, recently saw several new cryptos tied to the candidates, including the DONALD (TRUMP) token and President Ron DeSantis (RON) token. Both new cryptocurrencies are based on Ethereum, launched as ERC-20 tokens. DEXTools, a decentralized exchange data and Analysis tools platform for traders, has revealed se...

Join Our Telegram channel to stay up to date on breaking news coverage According to rules established by the US Securities and Exchange Commission (SEC), the first special purpose broker-dealer license has been granted, allowing a cryptocurrency firm to handle securities backed by digital assets. There is, however, a catch: Bitcoin cannot be supported. The clearance, according to Prometheum Ember Capital, a New York-based company created in 2021, enables it to act as a certified custodian and safekeep digital asset assets on behalf of individual and institutional clients. The company sees it as a significant step in establishing the legal framework and permits necessary to eventually allow its parent company, Prometheum Inc., to offer cryptocurrency trading to customers. Conflicts with the government We have previously reported that, during the last part of 2022 and first part of this year, the U.S. government has been engaged in a series of actions against cryptocurrency fir...

Over the past few years, numerous cryptocurrencies have emerged, each asserting its distinct characteristics and aiming to address the limitations of existing assets. Shiba Inu [SHIB], following in the footsteps of the original meme cryptocurrency Dogecoin [DOGE], entered the scene. Despite being relatively new, Shiba Inu, a dog-themed crypto, has managed to achieve a comparable level of popularity to DOGE. Although both crypto currencies were initially created with a humorous intent, they possess notable distinctions from each other. Here are the key differences between Shiba Inu & Dogecoin Date of creation – Dogecoin was the first meme coin to enter the world and was created back in 2013. Shiba Inu is quite novel in comparison. The asset was rolled out in 2020. Blockchain – Shiba Inu operates on the Ethereum blockchain, utilizing its infrastructure and smart contract capabilities. Therefore, it follows the proof-of-stake [PoS] algorithm. On the contrary, Dogecoin...