Author: Yeek.io

A Delaware court has granted a temporary reprieve to a Pennsylvanian Bitcoin mining firm currently in a payment dispute with its hosting company — barring the hosting provider from blocking access and otherwise commandeering the miner’s 21,000 rigs at the property. Vice Chancellor Morgan Zurn granted a temporary restraining order on March 12, requested by Bitcoin miner Consensus Colocation and systems owner Stone Ridge Ventures against Mawson Hosting, which provides hosting and colocation services for Bitcoin miners. The firms have been in disagreement over alleged unpaid fees, the terms of their agreement and Consensus’ plan to relocate, allegedly leading to Mawson blocking the…

Homepage > News > Finance > Iraq eyes CBDC launch; Israel crafts digital shekel design Iraq has signaled an intention to join the race for a central bank digital currency (CBDC), beginning with a series of experiments aimed at enhancing its payments ecosystem. The digital dinar will complement existing payment options while operating similarly to cash. Iraqi Prime Minister Muzhir Mohammad Saleh’s financial advisor confirmed the government’s plan to roll out a retail CBDC for the country. Saleh said the Central Bank of Iraq (CBI) will spearhead the design of the digital dinar with the intention of harnessing a range…

SHIB’s price is down 25.3% in a month, with Open Interest and whale transactions seeing significant declines. Technical indicators suggest a possible short-term bounce, but lack of whale accumulation raises concerns. Alongside the bearishness in the broader crypto market, Shiba Inu’s [SHIB] price has been on a consistent decline in recent weeks. However, the asset saw an uptick of 0.3% in the past day, rising to $0.00001226 as of press time.  On a larger scale, though, SHIB was still in a downtrend. For instance, over the past week, the memecoin has plunged by 9.4% and even a 25.3% decrease in…

FTX unstaked and offloaded another $22.9 million SOL to different addresses.  So far in March, SOL has seen about $400M in outflows per Coinglass data.   FTX/Alameda offloaded another 185,345 Solana [SOL] ($22.9M) tranche, raising sell-off fears. According to blockchain analytics platform Spot On Chain, the defunct exchange moved the SOL to 38 wallets for distribution, which is part of its monthly unloading.  Source: Spot On Chain The bankrupt exchange still had 5.5 million SOL (worth $696M) staked. Since November 2023, the firm has unloaded about $1B of SOL, added Spot On Chain.  On the 4th of March, FTX unstaked and…

Bitcoin’s price outlook is improving as stablecoin liquidity surges, with USDT market cap expanding by $5.75 billion in the past 60 days. According to CryptoQuant’s Mar. 13 post on X, this increase surpasses its 60-day simple moving average of $3.46 billion. The stablecoin market has also exploded, rising 11% from $203.9 billion to $226.1 billion in the same time frame. Such stablecoin inflows have historically signaled the entry of new liquidity in the cryptocurrency market, frequently paving the way for Bitcoin (BTC) price rebounds. USDT market cap is expanding fast.More liquidity is entering crypto—a trend historically linked to higher Bitcoin…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst CW23 has revealed that the XRP price is hinting at a symmetrical triangle, which provides a bullish outlook for the crypto. However, he warned that a price crash could occur before XRP breaks out of this triangle…

Hyperliquid, a blockchain-based perpetual trading platform, has announced changes to its margin policy after its HLP liquidity fund suffered a $4 million loss from a major liquidation on March 12. Starting March 15, the platform will require a minimum margin of 20% for certain open positions to reduce systemic risks and protect liquidity stability during extreme market fluctuations.Major Liquidation Forces Hyperliquid to Strengthen Risk ManagementA major liquidation resulted in a $4 million loss for Hyperliquid’s HLP liquidity fund, prompting the platform to quickly adjust its risk management policies. While this was not a hack or technical failure, the incident raised…

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.“When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said.Onchain activity for Tethers USDT has spiked, reaching a sixth-month high. Source: SantimentIt comes as…

In the ever-evolving landscape of cryptocurrencies, Dogecoin has once again captured the attention of investors and enthusiasts. A meme coin that has traditionally been subject to significant price volatility, Dogecoin is now showing signs of a promising rebound, as indicated by recent technical analysis. The focus is on the Stock Relative Strength Index (RSI), a momentum oscillator that suggests a bullish crossover could be imminent. The spotlight shines on a recent analysis by a prominent figure in the crypto community, Ali, known on X as @ali_charts. Ali’s observations, shared via a detailed chart on TradingView, highlight a potential shift in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) has been trapped below crucial price levels for the past few days, following its loss of the $85,000 mark last Sunday. Now trading at its lowest levels since November 10, 2024, BTC remains under heavy bearish pressure, with bulls facing an uphill battle to regain control. The market has been in a consistent downtrend since late January, and fear continues to push lower price targets as investors speculate whether the Bitcoin bull cycle is over. With global uncertainty and macroeconomic instability weighing on risk assets,…