Popular analyst Lark Davis took to his latest video and said that Bitcoin holders might not be ready for what’s coming. Looking at the charts, Bitcoin is showing strong signs of reaccumulation. According to him, Bitcoin, which is currently around $68,000, recently had a breakout and is targeting $72,000 as the next critical resistance level....Read More
Bitcoin has gained around 17% since last weekend, which equates to around $9,000 over the past seven days or so. The asset was trading below $60,000 last weekend but surged to a six-week high above $68,000 on July 22. What has been driving market momentum for the past week, and will it continue? Bitcoin Is...Read More
Crypto markets have made gains over the weekend, with total capitalization hitting a six-week high. All eyes are on PCE inflation data this week as it is the Federal Reserve’s preferred inflation measure and could influence a rate cut decision set for September. Additionally, a big shake-up in the U.S. presidential election race as Joe...Read More
Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken...Read More
Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC. At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced...Read More
This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull...Read More
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these...Read More
Bitcoin could potentially reach a “mid-term” price level above $1 million thanks to a series of hyper-bullish developments around the asset, according to crypto investment firm Mechanism Capital. The company’s co-founder, Andrew Kang, wrote to Twitter on Friday explaining why he thinks Bitcoin is performing “stronger than expected” despite several “poor market structure dynamics” that...Read More
Shiba Inu (SHIB) is one of the so-called OG dog-themed meme coins, and it boasts one of the largest online communities amongst all cryptocurrencies in general. While this can be a sign of a thriving ecosystem, it’s also a target for many hackers who are constantly attempting to scam users out of their hard-earned money....Read More
Three individuals have been arrested by the Hong Kong police suspected of defrauding a businessman out of HK$3.11 million, worth around $399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. The officers reportedly confiscated 10,978 fake HK$1,000 banknotes during a raid on the Mong Kok office, where the fraudulent transaction took...Read More
Donald Trump themed memecoin, MAGA, just shot up by 20% after a shoutout from Elon Musk on X. That’s right ! MAGA is trading at $7.08, up by a crazy 20.22% in just 24 hours. Elon Threw MAGA to the Spotlight Elon Musk, the man behind Tesla, posted a meme image on X with “Make...Read More
State Street Corp., a Boston-based major player in traditional finance, is exploring the launch of its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to a Bloomberg report on Wednesday, the bank has been actively making efforts to integrate into the crypto space. State Street Is Pushing for Digital Expansion...Read More
Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK...Read More
Since last weekend, the price of bitcoin (BTC) has rallied significantly, signaling that the crypto asset may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders realized their largest losses so far in 2024. CryptoQuant analysts said on-chain...Read More
On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions....Read More
Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital...Read More
On July 19, a United States court granted Binance the approval to invest customer funds in US Treasury Bills. According to the order from the United States District Court for the District of Columbia, Binance can invest “certain” customer funds through a third-party investment manager. Binance must ensure that it does not invest these funds...Read More
Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held...Read More
Bitcoin’s price surged back above $66,000 on Friday, reclaiming its highest market value since early June. The digital asset ripped from $64,102 at 13:27 UTC on Thursday up to $66,472 at 17:00 UTC. It trades for $66,332 at writing time. This is the highest price Bitcoin has achieved since early June, shortly after the Securities...Read More
In response to the devastating $230 million security breach, WazirX revealed that it has filed a formal police complaint and is exploring additional legal avenues to hold those responsible accountable. Immediate actions include reporting the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In). WazirX’s Comprehensive Action Plan In...Read More
WazirX, the largest Indian cryptocurrency exchange, was hit by a security breach in one of its multisig wallets on Thursday. The incident resulted in the loss of over $230 million from the multisig wallet. Over $230 Million Stolen in WazirX Breach The company announced the attack in a post on X: At WazirX, our commitment...Read More
RippleX, the portal designed to empower developers in the XRP Ledger ecosystem, shared an important update today that requires action from certain users. In a post to Twitter, RippleX took the opportunity to remind people that anyone operating a node on XRPL has to upgrade to the latest version of Rippled in order to ensure...Read More
The SHIB price plunged earlier today, losing about 7% of its value at one point. It has since managed to erase some of the losses, but the tension remains as the entire market is currently in a state of decline. The Main Reason Behind Shiba Inu’s Decline Today Earlier today, the leading cryptocurrency exchange in...Read More
Tornado Cash, the “crypto-mixing” protocol, has experienced a resurgence in 2024 after a significant decline in activity following the U.S. government’s sanctions two years ago. The sanctions, imposed by the Office of Foreign Assets Control (OFAC) in August 2022, initially led to a drop in monthly deposits to Tornado Cash, with activity plunging by more...Read More
Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL...Read More
Ethereum co-founder Vitalik Buterin has advised against basing political support solely on a candidate’s pro-crypto views. He emphasized the importance of broader values such as individual freedoms and technological advancement, warning that a narrow focus on cryptocurrency could undermine the principles that inspired the industry’s movement. Broader Perspective Buterin highlighted that the current trend of...Read More
Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and will be processed in batches...Read More
DeFi Technologies (DEFTF) – a rising Canadian fintech company – has acquired another large batch of Bitcoin (BTC) after making the asset a core part of its treasury strategy last month. The company announced Thursday that it had purchased another 94.34 BTC for its balance sheet, adding to the 110 BTC it first acquired in...Read More
Charles Hoskinson, the co-founder of Input Output Global (IOG) and the Cardano blockchain platform, believes that re-electing President Joe Biden is a vote for the death of the American crypto industry. While strongly refuting Ethereum co-founder Vitalik Buterin’s stance on political engagement, Hoskinson advocated for a more aggressive approach to safeguarding the industry while simultaneously...Read More
ETF issuers are making their final preparations to launch spot Ethereum-based products in the United States next week. On July 18, ETF Store president Nate Geraci noted that the final S-1s were in from prospective spot ETH ETF issuers. The Form S-1 is the initial registration form for new securities required by the SEC for public...Read More
