Haru Invest CEO was stabbed in court by an investor during a $826M crypto fraud trial. The attack occurred as Lee faced charges of defrauding 16,000 investors out of $826 million. This incident highlights growing tensions amid rising crypto fraud cases in South Korea. In a shocking incident at the Seoul Southern District Court, Haru…
XRP faces a crucial breakout or rejection as it nears the apex of a descending triangle. Current trading is near $0.58, and key resistance is at $1.00, suggesting cautious optimism. The surge in XRP volume and whale activity highlights increased market volatility risks. XRP is at a pivotal juncture, with crucial developments expected by the…
Bitcoin has been keeping everyone on edge lately with its dramatic price swings, resembling a rollercoaster ride. The cryptocurrency’s value has seen sharp rises, offering moments of excitement, only to dip back down to its starting point. Recently, Bitcoin briefly touched the $64,000 mark, sparking renewed interest among investors. However, it has since fallen below…
OpenAI endorses California’s bill that requires AI companies to add watermarks for AI content. The bill is expected to be helpful amid growing misinformation about political candidates. The AI platform opposes the SB 1047 bill, claiming that it restricts innovative growth. In a bold move, the artificial intelligence (AI) giant OpenAI has reportedly endorsed California’s…
Popular analyst Rekt Capital took to his latest analysis and opened up about Bitcoin’s recent price crash. Bitcoin has once again dipped below $60k and is now retesting the $58k levels. The analyst explained this crash in context with the P Cycle top indicator. Historically, during bullish periods like 2016-2017, Bitcoin’s price respected the 111-day…
XRP consolidates for 20 days in a $0.56-$0.62 range, signaling a potential breakout soon. XRP volatility drops below 2017 levels, pointing to a possible significant price movement. XRP’s 20-day consolidation could lead to a major breakout as volatility continues to fall. XRP holders are closely monitoring the cryptocurrency as it continues to trade within a…
August 28, 2024 at 07:17 PM GST updated: August 28, 2024 at 03:00 PM 2 mins read News CME’s new Bitcoin Friday futures (BFF) offer weekly expiry and smaller contract sizes for precise Bitcoin exposure management. BFF contracts, settling against the BRRNY, aim to improve liquidity and efficiency, attracting institutional and retail traders. With record…
Bitcoin, Ethereum, and Solana face declines as market cap drops to $2.17 trillion. Market cap drops 6.62% as Bitcoin dominance falls slightly, with altcoins facing severe dips. Fear & Greed Index at 30 indicates market fear with Bitcoin dominance slightly down. The cryptocurrency market is currently experiencing a challenging period, with Bitcoin trading below the…
A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s price…
Trump’s fourth NFT collection includes 50 unique digital assets, each priced at $99. The collection features Trump in symbolic images, including as a superhero and holding Bitcoin. Buyers of 75 NFTs are invited to a private dinner with Trump at his Florida estate. As cryptocurrency intersects with politics, former U.S. President Donald Trump has launched…
On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. $127M Withdrawn From…
RBI plans a plug-and-play system to enhance cross-border payment efficiency globally. Interoperability between legacy and CBDC systems is key to RBI’s payment strategy. India’s consultation paper on crypto regulation is expected between September and October. The Reserve Bank of India (RBI) is spearheading efforts to develop a plug-and-play system for cross-border payments, aimed at enhancing…
SHIB faces resistance at $0.0000145, crucial for any potential bullish reversal. Support levels at $0.0000135 and $0.0000138 may stabilize SHIB’s current decline. Volume dropped by 11.91%, with $663.73K in long positions liquidated, signaling market caution. The recent dip in Shiba Inu (SHIB) price has captured the attention of investors and analysts alike. Over the past…
Crypto Live News Author: Nidhi Kolhapur Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 28, 2024 17:59 According to data from CryptoQuant, in the past 30 days, long-term Bitcoin holders have increased their supply…
Analyst suggests XRP may pull back to $0.50-$0.54, influenced by Bitcoin’s liquidity dip. Elliott Wave analysis indicates a natural correction phase before XRP’s next rally. Strength against ETH suggests XRP may outperform other cryptocurrencies post-correction. XRP may face a potential pullback in the coming days, according to insights from crypto analyst Cryptoinsightuk. In a recent…
Nasdaq, a prominent American stock exchange operator, is seeking US regulators’ approval to introduce options based on a Bitcoin index. The suggested Bitcoin Index Options will utilize the CME CF Bitcoin Real-Time Index (BRTI), created by CF Benchmarks. This index follows BTC futures and options contracts on the CME Group’s platform. If authorized, the available…
Bitcoin is weaving through a consolidation phase since marking a new all-time high of $73,777 in mid-March. Since then, Bitcoin’s daily closing prices have exhibited significant restraint, never sealing above $71,500 and maintaining a floor above $54,000, though it has seen a major intraday low touching $49,000. This consolidation phase has nudged the Fear and…
Crypto Live News Author: Nidhi Kolhapur Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 28, 2024 17:30 Bitcoin mining company Vortex Brands (VTXB) has recently revealed purchasing MSTR stocks. Vortex Brands started acquiring MSTR…
Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and other investors this year. Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund Hilbert Group AB,…
Nasdaq has filed an application with the US Securities and Exchange Commission (SEC) to launch a Bitcoin Index Options (XBTX). According to Bloomberg analyst James Seyffart, the first approval could be witnessed in the 4th quarter of the year. The crypto market has received a major boost as Nasdaq announced its application with the Securities…
Bitcoin’s plunge to $58K erased gains after Powell’s optimistic remarks last week. Over 85,000 investor positions worth $300 million were closed at a loss in the downturn. The total crypto market cap fell by $170 billion, with WIF, ENS, and JUP seeing major losses. Bitcoin experienced a sharp decline to $58,000 last night, sparking turmoil…
Bitcoin saw a sharp drop on Tuesday, plunging to $61,455 from its recent high of $65,103 just days earlier. Now at $59,000, BTC has recovered. This swift downturn rattled the crypto market, leading to a wave of liquidations totaling $20.28 million in Bitcoin long positions and $40.29 million in Ether longs. The sudden decline underscores…
BitMEX co-founder Arthur Hayes recently published an article titled “Sugar High,” highlighting the short-term effects of the Federal Reserve’s potential interest rate cut. Hayes also emphasized that assets like Bitcoin will likely benefit from a liquid global financial market that may come from inflation. Japanese Yen Could Disrupt U.S. Financial Market In a keynote address…
Bitwise Asset Management has purchased the Osprey Bitcoin Trust (OBTC), in a major development in the Bitcoin ETF market. The acquisition will transfer Osprey’s $120 million assets to the Bitwise Bitcoin ETF (BITB). Therefore, OBTC unitholders will get BITB shares, a strategic move for the two companies. Bitwise Acquires OBTC, Expands ETF Offerings The shareholders…
BTC price drops 5.47%, finding key support near $54K with resistance at $62K and $70K. RSI at 45.30 indicates Bitcoin is neutral, neither oversold nor overbought at $59K. MACD above the signal line hints at a potential bullish trend despite recent BTC decline. Bitcoin’s price has recently experienced a notable decline, sparking concern and analysis…
Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data. Related Reading Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token…
Sony launches Minato testnet for Soneium blockchain, providing a mainnet-like environment. Astar Network backs Minato testnet with liquidity and assets, aiding decentralized growth. Soneium Spark offers developers up to $100,000 in funding, infrastructure, and partnerships. Sony Group’s blockchain subsidiary has initiated the test phase of its Ethereum Layer-2 blockchain, Soneium, with the unveiling of the…
Nasdaq seeks SEC approval for Bitcoin index options launch. Options based on CME CF Bitcoin Real-Time Index. Nasdaq, a major American stock exchange operator, is seeking approval from U.S. regulators to launch options on a Bitcoin index. On August 27, Nasdaq announced its intention to offer index options on the Bitcoin index, providing institutions and…
The U.S. Bitcoin ETFs are experiencing significant outflows, with ARK 21Shares Bitcoin ETF seeing a notable outflow of $101.97M. Bitwise Asset Management announced the acquisition of Osprey Bitcoin Trust, signalling a consolidation in the Bitcoin ETF market. The broader cryptocurrency market has also suffered, losing over $144 billion intraday. The Bitcoin exchange-traded funds (ETFs) in…
Bitcoin’s liquidation map shows significant long position risks around $59,287. Strong long liquidation pressure around $59,287 highlights potential market volatility. Binance, OKX, and Bybit contribute significantly to Bitcoin’s long liquidation pressure. Bitcoin’s current trading landscape shows significant liquidation activity across major exchanges. The Bitcoin Exchange Liquidation Map highlights these key price points where long and…
Binance is urging the US government and international bodies to pressure Nigeria to release its top executive, Tigran Gambaryan, who has been in custody for six months. Gambaryan’s detention is deemed unjust, and his physical and mental health is rapidly declining due to a lack of proper medical care and legal access. Binance CEO Richard…
August 28, 2024 at 12:10 PM GST updated: August 28, 2024 at 11:46 AM 2 mins read News Popular crypto analyst draws parallels between ongoing bull cycle and previous two cycles. Historic data suggests the bull run to commence in Q4 of 2024. The analyst believes this bull cycle to be the last glorious one…
TON faced a 3-hour outage after DOGS memecoin surge, halting transactions & block production. Validators on TON lost consensus due to DOGS activity surge after the network went down. Following a network outage from DOGS memecoin launch, TON has resumed normal production. The Telegram Open Network (TON) has faced significant disruption, remaining down for more…
Market expert and Bitcoin (BTC) investor Lark Davis has predicted an “insane” trajectory for the crypto market over the next 90 days, with a confluence of factors poised to drive significant growth and change within the digital asset landscape. In a recent social media post, Davis outlined compelling reasons underpinning his bullish outlook for the…
XRP price shows bullish potential against Bitcoin with signs of an upcoming rally. Breaking above the 0.00000980 Bitcoin level could push XRP price targets to $0.5650. XRP’s recent breakout hints at a rapid increase toward $0.73; more gain could lead to $0.85. XRP witnessed a downtrend in today’s market, reflecting the broader bearish sentiment seen…
The Render Network saw a remarkable performance last month after the finalization of its token rebrand. Its bullish rally was halted in August due to the market retraces, which made the cryptocurrency’s price tumble below the $4 mark. However, its most recent performance skyrocketed the price by over 33% in the past week. Some analysts…
August 28, 2024 at 10:20 AM GST 2 mins read News Bitcoin dropped 6.5% and Ethereum 9.4% in the past 24 hours. The market saw $313 million in liquidations, mostly long orders. Investors are now cautiously monitoring for signs of recovery amid ongoing volatility. Bitcoin and Ethereum have experienced a sharp decline in the past…
Market analysts are closely monitoring Bitcoin’s trajectory as it potentially enters its fifth and final Elliott Wave, suggesting a surge in value beyond historical peaks. This wave, often considered the ultimate phase of an uptrend in Elliott Wave theory, indicates a pivotal moment for crypto. Elliott Wave Theory and Bitcoin’s Path In recent analyses, Mikybull,…
Polkadot Decoded Asia, set to be held from September 16th to 17th in Singapore, is making steady progress in the preparatory work for the conference. This event is an integral part of the TOKEN2049 Week, with topics deeply focusing on the Polkadot ecosystem and gradually expanding to various aspects of the Web 3.0 domain. Part…
August 28, 2024 at 08:50 AM GST updated: August 28, 2024 at 08:40 AM 2 mins read News Bitcoin exchange reserves have dropped from 2.975 million BTC to 2.845 million BTC between July 2023 and June 2024. Frequent large outflows in late March, May, and August suggest investors are reducing market exposure or opting for…
It’s not been an easy couple of days for crypto bulls. With four days left in August, Bitcoin has dropped 2.74% this month. Historically, September hasn’t been kind to Bitcoin, with a 72.73% chance of ending the month down over the past 11 years. Bitcoin has experienced a significant drop, falling below the $59,000 mark,…
Crypto Live News Author: Nidhi Kolhapur Nidhi Kolhapur Author Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 28, 2024 8:14 Cryptocurrencies faced substantial losses in the last 24 hours. Bitcoin briefly fell to a…
The total crypto market cap dumped 7 percent in the past 24 hours to hover around $2.17 trillion on Wednesday, August 28, during the early Asian session. Bitcoin (BTC) price has experienced significant bearish sentiment after closing the market on Tuesday below crucial support levels. The altcoin industry was heavily impacted – led by Ethereum…
August 28, 2024 at 08:19 AM GST 2 mins read News The crypto market experiences another brutal dip taking BTC price to below $60,000. Many analysts expect a bullish reversal once this correction is complete. Analyst who predicted the last dip expects an even lower low of $44,000-$38,000 this time. Bitcoin (BTC) and popular altcoins…
Bitcoin market performance and historical patterns continue to interest analysts and investors, with many of them using this to gauge what and how the asset is likely to move in the future. According to Mags, a well-known crypto analyst, Bitcoin may follow a familiar pattern observed in previous cycles, where the cryptocurrency reaches its peak…
Bitcoin price started a fresh decline and traded below $60,000. BTC is struggling and might continue to move down toward the $56,500 support. Bitcoin gained bearish momentum below the $62,000 support level. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance…
Crypto Live News Author: Nidhi Kolhapur Nidhi Kolhapur Author Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Aug 28, 2024 8:02 Ionic Digital Inc., a bitcoin mining firm, faces potential liquidation as creditors have raised…
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq…
Nasdaq has submitted with the SEC for listing and trading the Nasdaq Bitcoin Index Options (XBTX). The move is done in partnership with CF Benchmarks. Now, the firm seeks to offer investors better ways of managing their BTC exposure. If approved, the new options will increase the liquidity and maturity of the Bitcoin market. Nasdaq Advances…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…