DeFI News by Thebittimes.Com

The Pangolin price skyrocketed more than 112% over the past 24 hours to trade at $0.1874 as of 2:40 a.m. EST as investors bet big on the DEX token. The Pangolin Price Looking To Break Resistance 4-hour chart for PNG/USDT (Source: TradingView ) The Pangolin price was able to break above the long-term consolidation channel between $0.07985 and $0.09325 over the past 24 hours. The price explosion continued as the crypto surged above both the $0.13500 and $0.19895 barriers as well. However, sellers were quick to take profit, causing PNG to fall back below the $0.19895 resistance level. Should the Pangolin price close a 4-hour candle above this threshold within the next 12 hours, it may have the foundation needed to keep rising in the following 48 hours. This bullish thesis could be invalidated, however, if PNG is rejected by the $0.19895 resistance in the coming 24 hours. In this alternative scenario, the altcoin may drop to the immediate support level, which is situated at $0.13500...

Over 500 million Dogecoin has been transferred to two anonymous wallets The sending and receiving wallets are new, with no prior transaction history Community members speculatively suggest Elon Musk was behind the transfers Speculation about tech billionaire Elon Musk buying Dogecoin (DOGE) has resurfaced in the crypto sphere amid the movement of over half a billion units of DOGE between unknown wallet addresses. In a recent post on X, the large wallet tracker Whale Alert called attention to the massive transfer of 400,000,000 Dogecoin tokens. The meme tokens were valued at $34,115,063 at the time of the transaction. Notably, the identities of the sender and the recipients of the Dogecoin are unknown per the disclosure from Whale Alerts. 400,000,000 #DOGE (34,115,063 USD) transferred from unknown wallet to unknown new wallethttps://t.co/MKEPCBinOi — Whale Alert (@whale_alert) February 22, 2024 Further scrutiny of blockchain records suggests that t...

Bluzelle (BLZ) announced the launch of Curium on February 22, a new miner pool app offering a user-friendly node technology compatible with all major computing platforms, including computers and mobile devices. Signaling the platform’s commitment to accessibility and democratization of crypto, the new intuitive storage node technology is set to enable individuals worldwide to contribute storage space and bolster the security of Bluzelle’s layer 1 chain, all while earning BLZ tokens as compensation, as per info shared with Finbold. What does Curium bring to the table? Compatible with Windows, Mac, Linux, Android, and iOS, the Curium app promises to streamline participation in the decentralized infrastructure network.  Picked for you Zengo wallet integrates Transak 19 mins ago Top SEC anti-crypto lawyer jumps ship, defects to a crypto law firm 29 mins ago ECB slams Bitcoin ETFs as ‘the naked emperor’s new clothes’ 1 hour ago 3 cryptocurrencies to tu...

Ladan Stewart’s move to White & Case signals the firm’s focus on crypto defense amid regulatory challenges. White & Case’s recruitment of Stewart and John Cahill amplifies its prowess in white-collar defense and corporate law. Stewart’s departure from the SEC underscores the evolving dynamics between regulators and the crypto industry. White & Case just made a significant addition to its team, with the crypto unit leader of SEC, Ladan Stewart, joining as head of its crypto group. According to Eric Balchunas, Senior ETF Analyst for Bloomberg, Stewart brings her extensive regulatory experience to the firm’s white collar division. The former head was known for her involvement in high-profile cases against industry giants such as Coinbase and Ripple. Ladan Stewart, who led the SEC’s crypto unit and actions against coinbase and ripple, is leaving regulator to join White & Case in the white collar division to lead crypt...

According to the data from SpotOnChain, an Ethereum (ETH) whale has purchased 58,134 ETH from Binance and 1Inch over the last three days. The whale spent almost $166 million, at approximately $2,850 per coin. SpotOnChain notes that the whale still holds 19.89M USDT, and may swap them for more ETH. This giant whale spent another 10.01M $USDT to buy 3,413 $ETH at $2,933 ~9hrs ago. Overall, the whale has allegedly bought 58,134 $ETH via #Binance and #1icnh at ~$2,850 ($166M) in the past 3 days. The whale still has 19.89M $USDT and may swap them for more $ETH! What will the… https://t.co/t2BYgtewmw pic.twitter.com/BzUAI5ja4e — Spot On Chain (@spotonchain) February 21, 2024 The whale’s massive purchase coincides with Ethereum’s (ETH) recent price spike. ETH briefly crossed the $3k mark for the first time since April 2022, almost two years ago. However, ETH has faced a slight correction and prices have fallen below $3k once again. Nonetheless, the second-largest...

Brad Garlinghouse, CEO of Ripple, says that they are open to an XRP ETF. His comments come after the SEC approved spot Bitcoin exchange-traded funds (ETFs) in January and amid speculation over an XRP ETF. Ripple CEO Brad Garlinghouse has said the company would welcome an exchange-traded fund (ETF) for its token XRP .  The Ripple executive commented on this during an interview with Bloomberg, noting that the crypto industry will see more spot ETFs in future. According to Garlighouse, the SEC’s approval of spot Bitcoin ETFs in January this year was largely down to the regulator’s hand being forced. He highlighted the court’s decision in the Grayscale vs. SEC case as what pushed SEC Chair Gary Gensler to give the spot ETFs a nod. “ You know, the sad reality of what we saw with the Bitcoin ETF is it was only because the courts forced the SEC’s hand, and really chair Gensler’s hand, that we saw that [approval] finally come...

After surging to new local highs earlier, most major cryptocurrencies have entered short-term consolidation with a mild bearish bias currently. Still, certain altcoins like Chainlink (LINK) and Avalanche (AVAX) are flashing early signals of basing to resume their upside moves soon. The question is whether buyers can overwhelm selling pressure and spark the next leg in their recoveries. Chainlink (LINK) LINK is observing significant consolidation above newly established support confluent with the previous resistance zone – indicating growing strength amongst buyers as they defend recent gains. The Directional Movement Index (DMI) suggests this trading range between $19 and $23 persists over the coming weeks. As the +DI and -DI lines undergo a bearish crossover, volatility could dry up in the interim. Also read: Ethereum Surges Towards $3,000: Can ETH Hit $5,000 Next? The bulls seem poised to eventually break above $25 resistance after basing further. While concerningl...