Bitget secures full licensing in El Salvador for crypto services
Bitget has secured a key license in El Salvador, joining other crypto firms exploring the country’s growing appeal as a regulated hub for digital assets.
Cryptocurrency exchange Bitget has received a digital asset service provider license from El Salvador ‘s National Commission of Digital Assets, following its earlier approval for a Bitcoin services provider license earlier in 2024, the company said in a Friday press release .
According to the exchange, the new license allows it to offer more services in the country, including spot and derivatives trading as well as staking and other yield-focused products.
Hon Ng, chief legal officer at Bitget, says the company’s move to grow in El Salvador is linked to the country’s continued push to stay “ahead of many with its progressive and transparent approach to Bitcoin ( BTC ) and digital asset regulation, making it an attractive jurisdiction for good quality web3 companies aiming to operate responsibly at scale.”
“Our focus at Bitget is to enter countries with a regulated framework for crypto and provide our best services as we expand on our global regulatory strategy.”
Hon Ng
Bitget said it plans to keep supporting jurisdictions that offer “clear frameworks and support the development of a secure, efficient crypto economy,” though it didn’t name specific countries.
Bitget is not alone in looking to El Salvador. Other web3 companies have also moved to set up operations there after the country committed to becoming a crypto-friendly hub. For instance, in early January, stablecoin issuer Tether said it would move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider license in the Central American nation.
XRP Price Prediction: Can Bulls Push Past $2.10 for Rally to $2.68?
XRP, showed renewed strength following a brief pullback. After dipping slightly below the $2.03 mark, XRP rebounded, breaking into an upward trajectory that touched just above $2.10 before a slight pullback, stabilizing near $2.05 at press time . This recent price behavior suggests potential profit-taking, while the broader technical outlook presents key levels.
The price has held firm above psychological support at $2.00, potentially signaling growing investor confidence. Historical support near $1.95 offers a stronger floor for long-term holders should pressure increase.
XRP has recovered from brief dips, holding above immediate support zones. The area between $1.98 and $2.00 has repeatedly absorbed selling pressure, reinforcing it as a key demand zone. The $1.95 level remains a crucial historical support below that.
On the upside, resistance near $2.10 remains the immediate hurdle that halted the latest rally. Additional minor resistance clusters sit around $2.07 and $2.09. If bulls push through the $2.10 mark, the next target appears to be $2.15, a zone with psychological significance and alignment with previous resistance points. The 20-day EMA at $2.22 presents further significant resistance.
Related: SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity
Trading volume dropped noticeably (down 29% over 24 hours to $4.97 billion), reflecting a possible cooldown phase as investors reassess direction. The volume-to-market-cap ratio sits at 4.17%, indicating moderate but slowing interest.
The Relative Strength Index (RSI) near 37.80 remains in bearish territory, although nearing the 30-mark associated with oversold conditions, which could potentially prompt a price bounce if selling pressure eases. The MACD indicator also stays negative, confirming lingering bearish momentum despite the recent rebound.
Analyst Egrag Crypto offered a projection suggesting significant volatility for XRP through April, potentially revisiting lows of $1.90–$1.79 before testing highs between $2.80–$3.00. Egrag anticipates a strong upside move (62–70%) following any potential final dip, suggesting the current “boredom phase” could precede a “final blastoff.
Related: XRP vs BTC: Glassnode Data Contrasts Retail vs Institutional Rally Paths
Despite mixed short-term indicators, Coincodex projections suggest a possible rise to $2.68 by year’s end, reflecting a potential gain of over 31% from current levels. Achieving this target would depend on overcoming near-term resistance and broader market conditions.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Top Trader Maps XRP Dip to $1.80, Then $5 Rally
XRP is showing signs of a potential bullish breakout despite current volatility. In a post on X, trader/analyst Egrag identified key resistance levels that could accelerate XRP toward $5 if the cryptocurrency holds above critical support levels.
According to the analyst, XRP is in a consolidation phase, with several key resistance levels to monitor. A close above $2.24 (near the 21-day EMA) would be the first sign of renewed strength.
Beyond that, the $2.30 level (Fibonacci 0.382 retracement) presents the next hurdle. Clearing this could open the path towards $2.47 (Fibonacci 0.5 level).
Related: What’s Going On With XRP? Court Oddity, Coinbase Futures Filing, Supply Dump Mix
The most crucial resistance, according to Egrag, is $2.70, where a key trend line intersects the Fibonacci 0.618 retracement. A decisive move above this threshold could trigger a significant bullish run towards new all-time highs.
According to him, this level may possibly push XRP to target new all-time highs (ATH). Specifically, he cited that the Fibonacci 1.618 level could see XRP rally into the $5 range.
However, for this bullish scenario to play out, XRP must hold key support levels at $2.00 and $1.63. Failure to maintain these supports could lead to further downside movement. XRP is currently trading at $2.09, a 2.3% rise in the past day, reducing its weekly loss to 6.2%.
Earlier analysis by Egrag suggests that April could prove to be a pivotal month for XRP. The analyst anticipates significant price swings before a final breakout to new highs. He predicts that XRP will likely test lower and higher ranges before experiencing a decisive upward move.
Related: Coinbase Moves to Offer XRP Futures Trading Through Self-Certification
The chart accompanying the analysis shows red arrows and boxes indicating potential downside testing zones, suggesting that XRP could dip to a new low between $1.90 and $1.79. However, the green zones represent potential support for the altcoin, with the decline expected to be temporary.
Once the downward wick completes, XRP is expected to retest higher resistance levels between $2.80 and $3.00. This zone will serve as a critical test for the asset, with buying pressure determining whether the cryptocurrency moves higher or continues consolidating.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Sentient Co-Founder: Decentralized AI Crucial for Achieving Artificial General Intelligence
The artificial intelligence (AI) industry, riding a wave of unprecedented growth and innovation, is now setting its sights on the next frontier: artificial general intelligence (AGI). While recent capital raises by prominent AI startups, such as Anthropic’s multi-billion dollar funding rounds and Mistral AI’s rapid ascent to unicorn status, highlight immense investor confidence in the current trajectory of AI, experts believe the field’s true potential has yet to be fully realized.
Himanshu Tyagi, co-founder of Sentient and a professor at the Indian Institute of Science, argues that the path to AGI lies in embracing decentralized AI. Addressing the challenges of developing AI capable of human-level reasoning and task completion, Tyagi emphasized the need for “completely new data on human strategies and specialized models trained on this data.”
He contends that the data required for building AGI goes beyond readily available information found on the internet. Instead, it encompasses “deeper heuristics and strategies that humans use for different tasks,” such as complex sales techniques or innovative brand design. This data, often rooted in strategic competitions like technical interviews, presents a significant collection challenge. “If we choose centralized silos to collect this data, it will be of limited utility,” Tyagi stated, advocating for “decentralized, open, and incentivized mechanisms” to gather truly valuable data.
The challenges extend to model development, where Tyagi emphasizes the need for “people to freely contribute their trained models with specific skills and alignment.” He also points out the necessity of providing “compute resources at Google scale for training their models.” According to Tyagi, “decentralized model ownership with incentives and decentralized training solves these problems.”
The push for decentralized AI is gaining momentum as the industry grapples with the limitations of centralized data and model development. With AGI representing the next major leap in AI evolution, the ability to harness diverse human intelligence and collaborative model training could prove pivotal.
Tyagi’s insights, shared with Bitcoin.com News, suggest that the future of AGI may not be built in the closed labs of tech giants but rather through a collaborative, decentralized ecosystem. This vision aligns with the broader trend of decentralization across various industries, where community-driven innovation is increasingly seen as a powerful catalyst for progress. As AI continues to evolve, the role of decentralized platforms in shaping its future remains a critical area of exploration.
Meanwhile, the Sentient co-founder argues that building the next generation of AI, particularly solutions aimed at achieving AGI, is a complex undertaking rife with challenges and requiring a nuanced approach. He warns young developers about the “great initial optimism” that often accompanies building AI applications, emphasizing that the journey from proof of concept to a stable, scalable product is fraught with complexities.
Large language models (LLMs), while powerful, introduce errors and vulnerabilities, including hallucinations, factuality issues, and potential security risks. Addressing these challenges, he says, demands a new software layer and specialized model training—capabilities that early-stage teams may lack.
His advice is to “sharply focus on their specific use case and rely on external offerings for resolving these issues.” Sentient Chat, he highlights, is designed to provide such services, offering AI search APIs, hosted models, agentic frameworks, and Trusted Execution Environment (TEE) libraries as accessible tools for agent builders. Notably, Sentient’s models are tailored for specific use cases and communities and are open-source, allowing developers to understand their functionality and avoid vendor lock-in.
Sentient’s vision extends beyond just providing tools. It aims to foster a “collective agentic intelligence offering” for AI users, contributing to the broader goal of building an ecosystem for truly open AGI. This commitment to open-source models and frameworks aligns with the growing emphasis on decentralized AI, where collaborative development and community-driven innovation are seen as crucial for unlocking the full potential of AGI.
In addition to providing tools for agent builders, Sentient Chat is positioning itself as a challenger to traditional search engines by building a community-owned AI chatbot, Tyagi disclosed. This approach, he argues, offers a significant advantage over existing models that primarily focus on information retrieval.
Tyagi explained that while Google has dominated search for decades, its model is fundamentally limited to finding information on the internet. “Given how Google makes most of its revenue from advertisements through recommending sources for this information, it will be very hard for Google to move away from this,” he stated. However, he believes AI presents an opportunity to transcend this limitation.
“We can simply get things done directly instead of gathering information first, analyzing it, and then taking action,” Tyagi said. To achieve this, Sentient Chat is building an ecosystem of AI agents powered by diverse data sources and contributions from a community of developers.
“To realize this crazy future, we need many varied sources of indexed data and many builders to offer agents that take the final action,” Tyagi emphasized. This requires a transparent, open ecosystem where data providers and agent builders are incentivized to participate, all under community governance.
The co-founder outlined the importance of data providers understanding the value their data brings to the platform and agent builders being able to seamlessly integrate and offer various services. This community-governed approach is crucial for fostering innovation and creating a more dynamic and action-oriented search experience, he argues.
Tyagi also hinted at the rapid expansion of Sentient Chat’s capabilities, stating, “By the way, there are much more than 15 agents coming on Sentient Chat!” This suggests a growing platform with increasing functionality and a commitment to empowering its community of users and developers.
In essence, Sentient Chat aims to move beyond traditional search by building a collaborative, community-driven platform that enables users to directly accomplish tasks through AI agents, potentially disrupting the current search paradigm.
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Buy SHIB Now or Regret Later? This Chart May Have the Answer!
Shiba Inu (SHIB) , the meme-inspired token turned DeFi and metaverse contender, continues to attract speculative eyes despite its recent decline. After an explosive run in 2021, SHIB's price action has since cooled , hovering near support zones as investors await a catalyst. The latest daily and hourly charts reveal a tight tug-of-war between bears and bulls — but could a breakout be closer than it appears? Let’s dive deep into the current technical structure and what it could mean for SHIB holders in the days ahead.
The daily chart paints a picture of prolonged bearish pressure. SHIB price is currently trading at $0.00001212 , marking a 2.36% decline for the day. More importantly, the price has continued to reject the 50-day Simple Moving Average (SMA) and remains under all key SMAs — the 20, 50, 100, and 200-day — a clear sign of bearish dominance.
The Moving Average Ribbon (SMA Ribbon) reveals a descending alignment, with no sign of crossover, which generally indicates a sustained downtrend. The 200-day SMA at $0.00001912 is especially significant; reclaiming it would mark a major trend reversal. Until then, SHIB remains in a long-term downtrend .
Volume indicators, while not explicitly shown here, correlate with the Accumulation/Distribution Line (ADL), which is flattening and showing a slight decline — implying that whales and smart money are not actively accumulating at current levels. This weak accumulation could mean investors are waiting for a stronger dip or a news-driven catalyst.
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Switching to the hourly chart, the picture becomes a bit more nuanced. Shiba Inu Price showed a slight intraday rebound , gaining 0.96% from its previous hourly close. However, this bounce ran into immediate resistance at the 50-hour SMA, currently around $0.00001247, and got rejected. This intraday weakness indicates that short-term bulls lack conviction.
Interestingly, the ADL on the hourly chart is attempting to curl upward after forming a base, suggesting small pockets of accumulation during dips. However, this remains weak and inconsistent. The 200-hour SMA looms above at $0.00001309, which now acts as the critical resistance barrier for any short-term recovery.
Despite the minor price uptick, the SMA Ribbon continues to slope downward — reinforcing the idea that any rallies may be short-lived unless a breakout over the 100-hour and 200-hour SMAs occurs with strong volume.
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On the daily timeframe, the Heikin Ashi candles are red and flat-bottomed, confirming a strong bearish trend with no significant wicks to the downside — this implies clean selling pressure without much buying support. Unless SHIB price prints a green Heikin Ashi candle with a higher high and longer upper wick, the trend remains unchanged.
The SMA indicators are stacked bearishly (20 < 50 < 100 < 200), forming a classic downward ribbon. This is a textbook sign of a persistent downtrend with little chance of reversal unless a bullish crossover emerges — particularly the 20-day SMA flipping above the 50-day.
The ADL also reflects more distribution than accumulation, weakening the case for a near-term breakout.
On the hourly chart, while a small bounce occurred, the resistance at the 100-hour and 200-hour SMAs proved too strong. The ADL uptick may indicate a short squeeze or opportunistic buys, but it doesn't suggest a trend reversal just yet.
--> Click here to Buy SHIB on Bitget <--
In the near term, if Shiba Inu price fails to hold support at $0.00001200, it could revisit recent lows near $0.00001150. On the flip side, a clean breakout above $0.00001250 with a strong green Heikin Ashi candle and bullish ADL divergence might push SHIB toward the psychological resistance at $0.00001300.
However, a sustainable uptrend would require SHIB price to break above $0.00001370 (the 100-day SMA) and reclaim $0.00001690 to invalidate the bearish structure and regain bullish momentum.
Right now, Shiba Inu is in no man's land — caught between weak support and strong resistance. The daily trend is decisively bearish, while the hourly chart hints at speculative bounces rather than solid accumulation.
Unless a news catalyst, such as a SHIB ecosystem update or broader crypto rally, injects new volume, it’s likely that Shiba Inu price will continue to drift or drop further. For traders, this is a wait-and-watch zone. For long-term holders, any deeper dip may provide a better accumulation opportunity — but only with risk management in place.
Shiba Inu (SHIB) , the meme-inspired token turned DeFi and metaverse contender, continues to attract speculative eyes despite its recent decline. After an explosive run in 2021, SHIB's price action has since cooled , hovering near support zones as investors await a catalyst. The latest daily and hourly charts reveal a tight tug-of-war between bears and bulls — but could a breakout be closer than it appears? Let’s dive deep into the current technical structure and what it could mean for SHIB holders in the days ahead.
The daily chart paints a picture of prolonged bearish pressure. SHIB price is currently trading at $0.00001212 , marking a 2.36% decline for the day. More importantly, the price has continued to reject the 50-day Simple Moving Average (SMA) and remains under all key SMAs — the 20, 50, 100, and 200-day — a clear sign of bearish dominance.
The Moving Average Ribbon (SMA Ribbon) reveals a descending alignment, with no sign of crossover, which generally indicates a sustained downtrend. The 200-day SMA at $0.00001912 is especially significant; reclaiming it would mark a major trend reversal. Until then, SHIB remains in a long-term downtrend .
Volume indicators, while not explicitly shown here, correlate with the Accumulation/Distribution Line (ADL), which is flattening and showing a slight decline — implying that whales and smart money are not actively accumulating at current levels. This weak accumulation could mean investors are waiting for a stronger dip or a news-driven catalyst.
--> Click here to Buy SHIB on Bitget <--
Switching to the hourly chart, the picture becomes a bit more nuanced. Shiba Inu Price showed a slight intraday rebound , gaining 0.96% from its previous hourly close. However, this bounce ran into immediate resistance at the 50-hour SMA, currently around $0.00001247, and got rejected. This intraday weakness indicates that short-term bulls lack conviction.
Interestingly, the ADL on the hourly chart is attempting to curl upward after forming a base, suggesting small pockets of accumulation during dips. However, this remains weak and inconsistent. The 200-hour SMA looms above at $0.00001309, which now acts as the critical resistance barrier for any short-term recovery.
Despite the minor price uptick, the SMA Ribbon continues to slope downward — reinforcing the idea that any rallies may be short-lived unless a breakout over the 100-hour and 200-hour SMAs occurs with strong volume.
--> Click here to Buy SHIB on Bitget <--
On the daily timeframe, the Heikin Ashi candles are red and flat-bottomed, confirming a strong bearish trend with no significant wicks to the downside — this implies clean selling pressure without much buying support. Unless SHIB price prints a green Heikin Ashi candle with a higher high and longer upper wick, the trend remains unchanged.
The SMA indicators are stacked bearishly (20 < 50 < 100 < 200), forming a classic downward ribbon. This is a textbook sign of a persistent downtrend with little chance of reversal unless a bullish crossover emerges — particularly the 20-day SMA flipping above the 50-day.
The ADL also reflects more distribution than accumulation, weakening the case for a near-term breakout.
On the hourly chart, while a small bounce occurred, the resistance at the 100-hour and 200-hour SMAs proved too strong. The ADL uptick may indicate a short squeeze or opportunistic buys, but it doesn't suggest a trend reversal just yet.
--> Click here to Buy SHIB on Bitget <--
In the near term, if Shiba Inu price fails to hold support at $0.00001200, it could revisit recent lows near $0.00001150. On the flip side, a clean breakout above $0.00001250 with a strong green Heikin Ashi candle and bullish ADL divergence might push SHIB toward the psychological resistance at $0.00001300.
However, a sustainable uptrend would require SHIB price to break above $0.00001370 (the 100-day SMA) and reclaim $0.00001690 to invalidate the bearish structure and regain bullish momentum.
Right now, Shiba Inu is in no man's land — caught between weak support and strong resistance. The daily trend is decisively bearish, while the hourly chart hints at speculative bounces rather than solid accumulation.
Unless a news catalyst, such as a SHIB ecosystem update or broader crypto rally, injects new volume, it’s likely that Shiba Inu price will continue to drift or drop further. For traders, this is a wait-and-watch zone. For long-term holders, any deeper dip may provide a better accumulation opportunity — but only with risk management in place.