Himalay Patel

Ahmedabad, Los Angeles

Marketing Writer at ABCD Aditya Birla Capital

Chai, Computers, Pluralist, Amdavadi, Indian❤️

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Articles

Solana gains spotlight as Ethereum ETF countdown begins

Jul 18, 2024 | cryptonews.bizlim.com | Kelvin Munene Murithi |Yash Majithia |Benjamin Njiri |Himalay Patel

Ethereum ETF set to launch on 23rd July, paving way for Solana. VanEck’s filing signals growing institutional interest. The crypto world is on edge as Ethereum ETF launch approaches. The Ethereum [ETH] launch is set for 23rd July, according to a renowned crypto analyst. This milestone comes after Bitcoin’s ETF success. Amidst these developments, VanEck’s recent filing for a Solana ETF has intensified market anticipation.
Can XRP maintain its 45% gain? Insights from price charts show...

Jul 18, 2024 | ambcrypto.com | Yash Majithia |Kelvin Munene Murithi |Benjamin Njiri |Himalay Patel

XRP recovered by over 45% in the past ten days after jumping from its $0.41 support. The altcoin’s derivates data showed a slight bullish edge for the long term. The buying efforts to reclaim crucial support levels on the charts finally provoked a steep bull run as XRP breached above the 200-day EMA after an extended downtrend amid market uncertainty. Over the past week, XRP bulls managed to break above the long-term trendline resistance and flip it into support.
Solana gains spotlight as Ethereum ETF countdown begins

Jul 18, 2024 | ambcrypto.com | Kelvin Munene Murithi |Benjamin Njiri |Himalay Patel |Victor Olanrewaju

Ethereum ETF set to launch on 23rd July, paving way for Solana. VanEck’s filing signals growing institutional interest. The crypto world is on edge as Ethereum ETF launch approaches. The Ethereum [ETH] launch is set for 23rd July, according to a renowned crypto analyst. This milestone comes after Bitcoin’s ETF success. Amidst these developments, VanEck’s recent filing for a Solana ETF has intensified market anticipation.
Bitcoin miner Northern Data moves to dismiss ex-employees’ lawsuit

Jul 18, 2024 | ambcrypto.com | Benjamin Njiri |Himalay Patel |Victor Olanrewaju |Gladys Makena

Northern Data refutes fraud allegations by former employees. The firm has moved to dismiss the allegations to pave for its US IPO. Europe’s largest Bitcoin [BTC] miner Northern Data refuted alleged fraud claims by former employees and moved to dismiss a lawsuit filed by the ex-employees. In a recent Bloomberg interview, Northern Data’s Chef Operating Officer (COO) Rosanne Smith confirmed the move to dismiss alleged claims. ‘Those complaints are completely without merit.
Ethereum Pectra Devnet nears launch: Will ETH climb higher?

Jul 18, 2024 | ambcrypto.com | Himalay Patel |Victor Olanrewaju |Benjamin Njiri |Gladys Makena

Developers continued to work on Plectra upgrade for the Ethereum network. Changes in staking rewards were discussed to mitigate centralization and other risks to the network. Apart from the market recovery, the increasing attention around Ethereum [ETH] has helped it soar over the past few days. The upcoming Plectra update could further help Ethereum see green.
Despite Price Rally, Cardano (ADA) Faces Unprecedented Bearish Sentiment

Jul 17, 2024 | ambcrypto.com | Samuel Edyme |Dipayan Mitra |Gladys Makena |Himalay Patel

ADA’s price has risen to $0.4487, marking a 41% increase year-to-date. Despite upgrades, ADA faced the highest level of market bearishness in over a year. Cardano [ADA] recently showcased a notable increase in its market price, climbing by 3.9% over the last 24 hours to a press time valuation of $0.4487. This surge has propelled the year-to-date gain to roughly 41%.
Solana's surge to $176 could trigger $3B in liquidations: Here's why

Jul 17, 2024 | ambcrypto.com | Dipayan Mitra |Gladys Makena |Himalay Patel |Olivia Stephanie

Solana’s price increased by over 5% in the last 24 hours. Several metrics and indicators hinted at a price correction. Like most other cryptos, Solana [SOL] bulls have also managed to maintain their control over the market for quite a few days now. Though this hinted at a continued price uptick, SOL might soon face a roadblock ahead, even if the bulls dominate. Let’s find out what’s happening. Solana remains bullish, but…CoinMarketCap’s data revealed that SOL’s price increased by over 12% last week.
FTX and CFTC reach a $12.7b settlement

Jul 17, 2024 | ambcrypto.com | Gladys Makena |Himalay Patel |Olivia Stephanie |Dipayan Mitra

FTX and CFTC have reached a $12.7 billion settlement. FTX filled for bankruptcy in 2022, and regulators filled civil lawsuits against the firm. After two years of legal battle and investor frustration, FTX has settled with CFTC. The recent deal aims to resolve one of the most significant bankruptcy claims. Accordingly, the CFTC aimed to recover monetary value to repay creditors amounting to $12.7B, and the agency has not been seeking financial penalties.
Paraguay cracks down on illegal Bitcoin mining - Impact on revenue

Jul 17, 2024 | ambcrypto.com | Himalay Patel |Olivia Stephanie |Dipayan Mitra |Michael Nderitu

Paraguay’s legal authorities seized large amounts of illegal Bitcoin mining machines. Miner revenue collected continued to decline. Bitcoin’s [BTC] recent surge in price has inspired optimism in the crypto market, especially among BTC bulls. However, the recent regulatory scrutiny of miners in Latin America and other parts of the world could affect BTC’s price and provide hindrances to its current rally.
Dogecoin's Bullish Momentum Signals Potential Gains Despite User Drop

Jul 17, 2024 | ambcrypto.com | Olivia Stephanie |Dipayan Mitra |Michael Nderitu |Himalay Patel

Dogecoin’s bullish momentum continues with prices above the 9-day SMA, signaling potential further gains. Despite bullish trends, decreasing whale transactions and active addresses showed a need for higher user engagement. Dogecoin [DOGE] was trading at $0.125656 at the time of writing, reflecting a 2.73% increase in the last 24 hours. DOGE’s 24-hour trading volume was $812,310,432, indicating strong market activity.