Bitcoin surpasses $57,000, leading a bullish trend with a market cap of $2.12 trillion. Ethereum and Dogecoin post strong gains, with ETH up 2% and DOGE surging by 6.30%. Billy Token headlines today’s gainers with a remarkable 48.2% increase in value. Bitcoin has continued to lead the cryptocurrency sector in recovering beyond the $57,000 mark….
North Carolina Senate decisively overrides Governor’s veto to ban CBDC tests. Legislation enacted to prohibit CBDC payments and state involvement in testing. Bill echoes U.S. House’s CBDC Anti-Surveillance State Act, reinforcing federal stance. In a key shift, North Carolina’s Senate passed a law stopping any state role in testing digital money by the central bank….
The U.S. reported 69,000 crypto fraud cases in 2023, with losses exceeding $5.6 billion. Investment scams led to 2023 crypto fraud, stealing $3.9 billion from victims across the U.S. Elderly victims lost over $1.6 billion to crypto scams, mainly targeting those over 60. In 2023, the crypto market experienced several security issues, and the US…
IMX offers gas-free NFT trading on Ethereum, boosting scalability and decentralization. Optimism (OP) reduces Ethereum gas fees and speeds up transactions with optimistic rollups. Starks (STRK) uses ZK rollups to enhance privacy and lower transaction costs on Ethereum. The Layer 2 solutions are crucial to the growth of blockchain networks, and several tokens have taken…
FET is approaching the upper boundary of a descending channel, signaling a breakout. RUNE’s falling wedge pattern suggests a weakening bearish momentum with a bullish outlook. ONDO shows a higher low formation, indicating increased buying pressure at key support. Recent analysis suggests promising developments for several key assets, including FET, RUNE, and ONDO. These assets…
Traders on Binance and Bitmex increased short positions, reflecting market skepticism. Liquidations of over-leveraged short positions fueled Bitcoin’s upward price momentum. Market uncertainty maintains as aggressive short-selling continues amid Bitcoin’s recovery. The crypto market has kept growing, and Bitcoin achieved its weekly high of $57.6K on Monday, up by 4.8% within 24 hours. Even with…
FTX’s $14M deal with Emergent aids in avoiding costly litigation over $600M shares. Emergent to withdraw claims, fast-tracking its bankruptcy exit and aiding FTX creditors. Robinhood repurchased shares for $606M, marking progress in FTX’s reorganization plan. FTX stands for the bankrupt cryptocurrency trade that entered the deal with Emergent Fidelity Technologies regarding the $600 million…
XRP has traded sideways for 540 days, with $0.6360 as a crucial resistance level. Analysts suggest crossing $0.70 could trigger a significant rally, potentially to $40. A short liquidity level of around $0.665 may soon drive significant XRP price action. XRP is confined within an important zone at the moment, which has attracted the attention…
Pollux Coin leads crypto discussions despite a 1.41% dip, signaling investor interest. Solana’s 4.47% price surge highlights growing developer and investor confidence. Dogecoin rises 7.23%, reflecting renewed momentum and strong retail investor support. Pollux Coin ($POX) has emerged as the top trending token in the cryptocurrency market this Monday, capturing attention across social platforms like…
Bitcoin approaches a major bar in the $57,000 mark which may propel it to further breakout. September’s volatility continues, and according to the historical data, a breakout is expected soon. Surpassing $59,380 could fuel a larger rally, though market volatility remains a key concern. Bitcoin is still close to essential levels of resistance providing more…
Bitwise CIO said that BTC ETFs quickly attract more capital from investment advisory firms. Analysts point out that investment firms hold only 9% of the BTC ETFs’ outstanding shares. Hougan asserts that the significant inflows from advisory firms have overshadowed others. Matt Hougan, Bitwise’s chief investment officer (CIO), highlighted in his X post the traction…
Altcoin market cap nears critical support at $800 billion, hinting at a potential rebound. Volume analysis and OBV indicator shift towards buying, signaling a market recovery. Key resistance at $850 billion poses challenges; strategic buying is suggested for traders. The altcoins market has experienced a slight downturn recently, according to IncomeSharks, a crypto analyst. The…
Agile Energy X turns surplus renewable power into Bitcoin mining, reducing waste. Japan’s goal of carbon neutrality benefits from Agile Energy X’s green mining strategy. Using Bitcoin mining for excess energy could generate ¥360 billion annually in Japan. Agile Energy X, a subsidiary of Tokyo Electric Power Company (TEPCO), is pioneering an innovative approach to…
BBVA now offers USDC in Switzerland, enhancing efficiency for institutional clients. USDC streamlines transactions and enhances asset management for BBVA investors. Following Metaco’s integration, BBVA expands digital asset services to meet client needs. BBVA, the renowned Spanish multinational bank, is enhancing its offerings for institutional clients by introducing Circle’s USDC stablecoin through its Swiss branch….
Sustaining above $0.10 could push Dogecoin toward $0.15, testing key resistances. Dogecoin price nears critical support at $0.0952, aiming for a significant bounce. Technical indicators for DOGE show a slight bearish trend as the market struggles to recover. Dogecoin is currently forming an intriguing setup on the daily chart, which could potentially signal a major…
The Ethereum Foundation sold 550 ETH, worth $1.28M, in four days, raising concerns. Michael van de Poppe sees recovery potential with resistance between 0.0515 and 0.0530 BTC. Despite the sell-off, bullish signs suggest Ethereum’s downtrend may reverse soon. Ethereum Foundation has sold 550 ETH, valued at $1.28 million, over the last four days. This move…
Bitcoin shows a three-day bullish divergence as it hits a range low, hinting at a rally. Crypto analyst identifies key thresholds at $55,189 and $53,626 for market stability. A breakthrough above $56,000 resistance could mark a significant upward market shift. Bitcoin price has recently rebounded, showing signs of recovery after a period of stagnation. Despite…
Solana (SOL) maintains key $120 support despite bearish pressure since late August. Accumulation signals suggest easing sell pressure and potential price rebound for SOL. Growing net long positions and Bitcoin’s declining dominance boost Solana’s bullish outlook. Solana (SOL) has emerged as one of the best-performing cryptos over the past 12 months. Despite some bearish dominance…
Binance’s Indonesian arm, Tokocrypto, receives a PFAK license from its regulator, “Bappebti.” The license marks Tokocrypto as the country’s authorized physical crypto asset trader. Richard Teng, Binance’s CEO, acknowledges Tokocrypto’s commitment and regulatory compliance. Binance’s Indonesian subsidiary Tokocrypto has received a full license from “Bappebti,” the country’s Commodity Futures Trading Regulatory Agency. With the Physical…
Steven Nerayoff sues Covington & Burling for $100M, alleging mishandled extortion case. Nerayoff claims that the withheld evidence could have prevented charges. Covington & Burling refutes allegations, and describes Nerayoff’s lawsuit as meritless. Steven Nerayoff, an influential early adviser to the Ethereum network, has filed a lawsuit against the law firm Covington & Burling, seeking…
North Korean hackers transferred $11M in stolen Ether to Tornado Cash early Monday. The July hack drained WazirX of over $150M, including SHIB worth of $100M alone. Restructuring efforts continue as WazirX grapples with a significant financial blow. The blockchain data tracker Arkham Intelligence revealed that the WazirX hacker has moved 5,000 ETH, worth over…
Bitcoin holds above $55K as traders await CPI and PPI reports and the Fed’s rate decision. Crypto funds lost $600M last week, sparking concerns about Bitcoin’s investor confidence. Analysts predict a 20% Bitcoin rebound if key support holds amid U.S. economic data. Bitcoin (BTC) begins the week in a critical position, hovering above $55,000 as…
Nigeria’s SEC plans to enforce regulations on all unregulated crypto exchanges. SEC approved two crypto exchanges, Quidax and Busha, under its regulatory framework. SEC aims to protect investors and ensure compliance with strict anti-fraud measures. The Securities and Exchange Commission (SEC) has announced plans to initiate enforcement actions against individuals and businesses operating in cryptocurrency…
XRP is quietly accumulating, hinting at a potential price surge ahead of the next bull run. Historical patterns suggest XRP may break resistance and push past $1 in the coming months. XRP is consolidating around $0.5264, showing similarities to previous accumulation phases. XRP, the digital asset associated with Ripple, is accumulating ahead of a potential…
Whale accumulation of $SUNDOG hints at a possible breakout above $0.27 resistance. With bullish momentum, $SUNDOG trades between $0.185 support and $0.27 resistance. $SUNDOG’s breakout above $0.27 could push prices towards $0.34 and $0.40 in the near term. Recently, whale activity around the cryptocurrency $SUNDOG has surged, sparking interest in its potential upward trajectory. According…
PEPE experienced a notable 10% bounce after hitting recent support during a bearish trend. The token’s short-term moving average signals ongoing bearish sentiment despite the rebound. Traders monitor resistance as PEPE’s downtrend persists, following a larger fractal pattern. The price of PEPE has shown a slight recovery, bouncing 10% from its recent low of approximately…
Liquidity is a fundamental concept in financial markets, playing a crucial role in determining how easily assets can be bought or sold without significantly affecting their price. Whether you’re trading stocks, real estate, or cryptocurrencies, understanding liquidity is essential for making informed investment decisions. In this guide, we’ll explore the different types of liquidity, why…
Security is of utmost importance in a world like cryptocurrency, where there are constant hacking threats. With the increase in adoption and the value of digital assets, the need for a robust protective measure has become increasingly severe. A multisig wallet is a powerful solution designed to enhance security and requires multiple approvals before a…
Try imagining constantly earning without moving a finger. It sounds like a dream, but it is a reality that is possible through yield farming. Yield farming is a strategy in the DeFi world where your crypto assets become active players instead of being idle to maximize returns. It involves strategically placing tokens in the right…
Crypto enthusiasts are excited, sparked by a recent X post from Lark Davis, a profound Bitcoin investor and founder of Wealth Mastery. In his post, Davis predicted that ‘the next three months are going to be absolutely insane for crypto,’ pointing to key events like potential Fed rate cuts, the possibility of a pro-crypto president,…
Chainlink may be ending a correction or facing one final dip before a turnaround. LINK’s price is nearing the key support level around $6.4, crucial for a bullish shift. The altcoin market shows bearish trends with ETH, BNB, SOL, XRP, and DOGE declining. The altcoin market is undergoing significant shifts, with Chainlink (LINK/USD) prominently featured…
Binance Coin faces bearish pressure as rejection from key resistance level continues. Imbalance in short and long liquidations hints at potential short squeeze for Binance Coin. Binance Coin struggles to regain upward momentum as weakening bullish signals emerge. Binance Coin (BNB) experienced a bearish divergence in the market over the past few days, contributing to…
Neiro surged over 600% after Binance introduced its USD-margined perpetual contract. Neiro became the most tweeted altcoin on September 6, surpassing key competitors. A whale purchased 17.5 million NEIRO, making them the most significant individual holder of the token. NEIRO, a rising memecoin and competitor to Shiba Inu, has experienced a remarkable surge of over…
Bitcoin dominance shows potential signs of peaking, hinting at a possible market shift. Analyst suggests a bullish divergence in Bitcoin, indicating a potential breakout. Altcoin’s market cap in BTC has reached its highest point since July, signaling positive. Bitcoin has experienced a recent decline, leaving the cryptocurrency struggling to regain its footing. The digital asset…
OpenAI reaches 1 million paid users, marking a 67% growth since April’s 600,000 users. New premium plans, including AI models like Strawberry, may cost up to $2,000 monthly. Elon Musk’s xAI, launched in 2023, is expected to become a competitor by late 2024. OpenAI, the company behind ChatGPT, has officially surpassed 1 million paid users…
On Friday, the US court denied the motion filed by CFTC in favor of predictions market Kalshi. The regulatory body responded with an emergency motion pleading for a stay of 14 days. CFTC is yet to decide whether to file an appeal in the year-long legal proceeding. The US court’s decision has let the citizens…
Cardano set a new record of 35,000 ADA on daily trading volume for the first time. The Snek.Fun platform quickly gained popularity among creators and traders alike. The platform increased API flow and slowed transactions within the first hour of its debut. In what could be a remarkable feat, Cardano achieved a significant milestone in…
Analyst Peter Brandt identifies a bullish inverse head and shoulders pattern in Bitcoin. Trader Peter Schiff emphasizes gold’s superior performance and stability over BTC ETFs. Bitcoin could soon outperform gold, suggesting a potential bullish breakout ahead. Crypto analyst Peter Brandt recently highlighted a bullish development in Bitcoin’s pricing pattern. Brandt identified an inverse head and…
VanEck will liquidate its Ethereum Futures ETF, with shares delisted by September 16. VanEck wants to focus on products such as the spot Bitcoin ETF, which is performing better. The final liquidation of the Ethereum Futures ETF will occur around September 23, 2024. VanEck, a prominent asset manager, has announced plans to close and liquidate…
XRP shows bullish potential with cup-and-handle patterns on the four-hour chart. Whale Alert detects large XRP transfers, raising concerns within the crypto community. Ethereum futures-based ETF shuts down amid market volatility, shifting investor interest. Cryptoinsightuk, a crypto analyst, reports that the XRP/ETH pair’s chart signals potential bullish trends. Several cup-and-handle patterns have formed on the…
Bitcoin price growth slows in the 2022 cycle, reaching under 4x gains as the market matures. The cycles show smaller price swings, indicating decreasing volatility and ascending stability. Bitcoin hashrate hits an all-time high of 700M TH/s in 2024, showing stronger network security. Bitcoin’s price behavior across multiple market cycles has shown a significant shift…
NY Judge allows partial document disclosure to Coinbase but rejects Gensler’s subpoena. Coinbase reduces demand for Gensler’s private communications based on SEC assurances. Judge Failla orders extensive SEC document production regarding the Howey Test analysis. The New York Court has partially granted a motion by cryptocurrency exchange Coinbase against the U.S. Securities and Exchange Commission…
FLOKI struggles significantly as the broader cryptocurrency market continues to weaken. Bearish indicators, including low CMF and RSI, signal potential further declines for FLOKI. A spike in dormant token activity highlights recent heavy selling and possible market reset. FLOKI is facing a challenging market environment as the broader cryptocurrency landscape struggles. In an X post…
Bitcoin’s MACD indicator flip turns bearish, signaling a potential market correction. Experts predict Bitcoin could fall to the $46K range as cautious sentiment dominates. With mixed signals and indicators, traders prepare for possible increased volatility. Crypto Rover, a crypto analyst, has raised alarms as Bitcoin’s Moving Average Convergence Divergence (MACD) indicator turns bearish. At press…
Ripple co-founder Chris Larsen joined 88 business leaders for Kamala Harris’ 2024 elections. Former Ripple board member Gene Sperling also left Biden’s administration to support Harris. The CEO also predicted that the SEC Chair may step down, regardless of the election outcome. Chris Larsen, co-founder and executive chairman of Ripple, has officially endorsed Vice President…
AFSA grants pre-approval to Binance Kazakhstan, bringing it closer to full regulatory status. Kazakhstan’s first regulated Digital Asset Trading Facility moves forward with Binance. Pre-approval strengthens Binance’s position in Kazakhstan’s expanding blockchain ecosystem. Binance Kazakhstan, a subsidiary of the global blockchain leader Binance, has secured formal pre-approval from the Astana Financial Services Authority (AFSA), bringing…
U.S. election may trigger Ethereum volatility with potential 10-15% price swings. Federal Reserve rate cuts could impact Ethereum, but may not guarantee bullish trends. Spot ETFs and technical indicators like RSI could impact Ethereum’s future movements. As Ethereum approaches the close of 2024, discussions about its potential to reach an all-time high are intensifying. While…
The former SEC Chairman Jay Clayton discusses the development of crypto in an interview. Clayton emphasized that with the inception of stablecoins, financial markets have evolved. The ex-SEC chairman highlights crypto’s growth as a challenge to traditional regulation. Jay Clayton, the former SEC Chairman, shares his experience with the vast development of crypto in a…
K9 Finance introduces liquid staking on Shibarium, enhancing DeFi flexibility. Shibarium’s utility expands with K9’s liquid staking, launching September 18. K9 Finance aims to boost Shibarium’s TVL 50x with its upcoming staking platform. K9 Finance, the official liquid staking partner of Shibarium, has confirmed that its Liquid Staking Derivative (LSD) platform will go live on…
XRP shows a potential reversal after years of underperformance against Bitcoin. Analyst Amonyx forecasts bullish momentum for XRP by the end of 2024 into 2025. Large XRP transfers to exchanges indicate heightened activity from major holders. A recent prediction shared by analyst Amonyx highlights an optimistic outlook for XRP in relation to Bitcoin. The analysis…