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Price Updates: BTC, ETH, BNB & ADA

Bitcoin remains strong above its latest breakout level, but several major altcoins will be under pressure until BTC reveals its next move. Bitcoin has been holding above $54,000 for the past few days but that has not resulted in excitement among investors.

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Bitcoin remains strong above its latest breakout level, but several major altcoins will be under pressure until BTC reveals its next move. Bitcoin has been holding above $54,000 for the past few days but that has not resulted in excitement among investors.

BTC

Bitcoin rotated down from $57,680 but the long tail on the day’s candlestick suggests buying on dips. The bears tried to pull the price below the breakout level at $52,920 but indicates that bulls are not yielding. The rising 20-day exponential moving average  of $51,338 and the relative strength index  in the positive zone shows an advantage to the buyers. If bulls push the price above $57,839.04, BTC could rally to $60,000.

ETH

Ether has rebounded off the 20-day EMA of $3,390 for the past three days, signifying that the bulls are accruing on dips. The bulls will now try to drive the price to the neckline of the inverse head and shoulders pattern. A breakout and close above the neckline will complete the bullish setup, which has a target objective of $4,657.

BNB

The Binance Coin broke and closed below the 20-day EMA at $417but the bears could not build on this advantage. The bulls defended the psychological support at $400 and drove the price back above the 20-day EMA on the 11th. Although bears pulled the price below $400 , the move appears to have been a bear trap because BNB  recovered quickly and rebounded to the neckline.

ADA

ADA broke and closed below the support line of the symmetrical triangle on the  12th.  This indicates that the uncertainty of the past few days has resolved in favour of the bears. The bulls will try to push the price back above the 20-day EMA of $2.21 but if they fail, ADA could drop to $1.87. This is a critical level to monitor because if it breaks down, the decline may extend to $1.63.

The opinions expressed here are solely those of the writer and do not reflect the views of Crypto News. Every investment and trading move involves risk. The reader should conduct their own research when making a decision.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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