Day: April 16, 2025

Brazil’s Meliuz floats to boost Bitcoin buying strategy

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Brazilian fintech firm Meliuz has floated a plan to expand its Bitcoin holdings and make the cryptocurrency a strategic asset on the company’s books. Meliuz, which provides cashback and financial technology services, is taking the plan to make Bitcoin (BTC) the primary strategic asset in the firm’s treasury to shareholders in a meeting slated for May 6, according to a translated April 14 statement. The company said its core business will remain unchanged, but “the generation of cash from operations is fundamental to the strategy of acquiring more Bitcoin over…

Cardano (ADA) Pressure Mounts—More Downside on the Horizon?

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Cardano price started a fresh decline from the $0.680 zone. ADA is consolidating near $0.620 and remains at risk of more losses. ADA price started a recovery wave from the $0.5850 zone. The price is trading below $0.640 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.640 resistance zone. Cardano Price Faces Resistance In the past few sessions,…

China selling seized crypto to top up coffers as economy slows: Report

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Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report. Chinese local governments are using private companies to sell seized cryptocurrencies in offshore markets in exchange for cash to replenish public coffers, Reuters reported, citing transaction and court documents.  The local governments reportedly held…

Aztec launches StealthNote app giving privacy to corporate whistleblowers

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Developers behind the Ethereum layer 2 Aztec Network have launched a whistleblowing platform called StealthNote that allows workers to vent about their employer without revealing themselves. StealthNote uses zero-knowledge proofs to prove that posts on its platform are written by someone with access to an email address of the company that they’re reviewing. Aztec Labs developer Saleel Pichen wrote in an April 14 X post that StealthNote creates a zero-knowledge proof of a Google JSON Web Token, which is used to authenticate users and allows the platform to prove a…

XRP Price Pulls Back: Healthy Correction or Start of a Fresh Downtrend?

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XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if there is a close below the $2.050 support zone. XRP…

Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale

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Healthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction.  The firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a filing with the Securities and Exchange Commission on April 15. Semler declared holdings of 3,182 Bitcoin (BTC) valued at around $263.5 million as of March 31. During the three-month period, BTC prices fell 12% from $93,500 at…

Bitcoin bulls ‘coming back’ as key metric on Binance flips to neutral

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Bullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the platform’s volumes. The Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to sellers of Bitcoin (BTC) in Binance, “has returned to neutral territory,” CryptoQuant contributor DarkFost said in an April 15 note. Bitcoin bullish momentum is “picking up again” The ratio currently stands at 1.008. When the ratio is higher than 1, buyers — usually a bullish sentiment indicator…

Ethereum Price Dips Again—Time to Panic or Opportunity to Buy?

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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. Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone. Ethereum started a fresh decline after…

Bitcoin Price on The Brink? Signs Point to Renewed Decline

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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. Bitcoin price started a fresh decline from the $86,500 zone. BTC is now consolidating and might continue to decline below the $83,200 support. Bitcoin started a fresh decline from…