Dogecoin price risks 40% correction despite Elon Musk-Twitter euphoria

Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer Elon Musk purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. Twitter’s native currency: Dogecoin? DOGE’s price rose by nearly 25% to $0.15 […]

Crypto Lender Celsius Says Its CEL Token Faces ‘Regulatory Risks’

“As with other digital assets, CEL is susceptible to a wide variety of risks” including coin thieves, lost keys, irreversible transactions and failing chains, the clause has read (with minor verbiage shifts) since October 2021. The April 2022 update places “regulatory risks” up there, too. Source link

Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto

The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for “emerging risks in the financial system”. According to the latest business plan released on Wednesday April 20 by the Prudential Regulation Authority […]

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It […]

Cardano price risks 30% drop in Q2 despite a ‘major’ hard fork ahead

Cardano (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June. Descending channel hints at ADA selloff ahead ADA, which makes up about 1.75% of the total crypto market capitalization, has been trending lower since September 2021, inside […]

XRP price bounces to $0.72 but still risks new lows in April — Here’s why

Ripple’s XRP took a break from its prevailing downtrend as its price rebounded from $0.68 to $0.72 in the last three days. Ripple scores vs. SEC Traders returned to buying XRP after a U.S. court denied the U.S. Securities and Exchange Commission’s (SEC) request to shield internal documents related to June 2018 speech made by […]

Mark Karpeles’ UnGox Wants to Help Investors Assess the Risks of Crypto Products; Bitcoin Drops Below $40K

Bitcoin recently fell below $40,000, a more than 5.4% drop over the past 24 hours and down from highs at the end of March above $47,000. Ether, the second-largest crypto by market cap, was trading slightly over $3,000 – a more than 6% decline over the same period – after dropping below this threshold earlier […]

Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11

Last week, there was a lot of regulatory talk about crypto-related risks. While this is very common in itself, some angles and proposed solutions to such risks came across as novel. In the United States, the Federal Deposit Insurance Corporation (FDIC) issued a letter to commercial and savings banks under its purview, or all federally […]

Solana risks 35% price crash with SOL price chart ‘megaphone’ pattern

Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called “megaphone” pattern. SOL price “megaphone” pattern In detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive […]