Disguised as a Zoom update, North Korean hackers use the new NimDoor malware to steal crypto and infiltrate crypto companies, researchers say.
The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.
Bitcoin and other equities slid Friday as Trump renewed trade tensions with the EU and threatened Apple for offshore product assembly.
Injective (INJ) could be preparing for another retest of the $10 resistance as its price attempts to confirm a key support level. Some analysts suggest that the cryptocurrency could be preparing for a breakout and a massive bullish reversal. Related Reading: SUI Breakout To $4 Imminent? Analyst Says A Correction To This Level Could Come First Injective Eyes $10 Retest Over the past month, Injective has surged around 43% from its 18-month low registered on April 7. During last month’s recovery, the cryptocurrency pumped from the $6.34 low to the $10 barrier, hitting a six-week high of $10.63 before retracing. INJ has been in a downtrend since hitting its Q4 high of $35.26, retracing nearly 75% in the last six months. Analyst Crypto Rand noted that the token has attempted to break out of the downtrend but has faced strong resistance around the $9.5-$10 range. Following its recent jump, Injective got rejected from this range, with some market watchers suggesting that it could retest the $9-$9.20 levels as support before the next breakout attempt. Amid the weekend retrace, INJ’s price has touched these levels, trading between the $9.00-$9.40 and briefly falling to $8.90 before bouncing. After the 4.8% drop, the cryptocurrency is attempting to confirm this level as support, which could help Injective gain strength for another push above the key zone and toward the $11-$12 resistance. Crypto Rand noted that a breakout of the “$10 range would trigger the bullish reversal,” which could also propel the token toward the $14 barrier, lost in early March. Notably, this level has been a key horizontal level since the November post-election pump, serving as a crucial support and resistance. INJ Ready For A Breakout? Meanwhile, analyst Sjuul from AltCryptoGems highlighted a massive, inverse Head and Shoulders pattern on INJ’s chart, noting that investors should pay attention as “this is one of the strongest reversal patterns.” This formation is a bullish reversal chart that suggests a potential shift from a downtrend to an uptrend. According to the chart, the cryptocurrency has formed this setup over the past two months, with the neckline sitting around the $10.30 resistance level. A breakout from the neckline could trigger a significant surge toward the $14 mark. Analyst Lennaert affirmed that INJ “feels like an absolute steal” at its current range, as he considers that the cryptocurrency is likely not going lower than the 2023 key support at around $5.5. The analyst suggested that if momentum flips to altcoins, INJ’s price “will be back at the highs in no time,” adding that it has “one of the strongest fundamentals of all projects out there.” Related Reading: $25 Million Pledge From Ripple Set To Benefit Teachers And Students Across The US Notably, the project announced that “For the first time ever, all of the Magnificent 7 stocks are live on-chain via Injective” to “redefine Wall Street and finance forever.” According to the May 6 statement, Apple’s APPL, Microsoft’s MSFT, Amazon’s AMZN, Nvidia’s NVDA, Meta’s META, Google’s GOOGL, and Tesla’s TSLA are now “fully tradable 24/7 through Injective’s iAsset framework and the decentralized exchange Helix. As of this writing, INJ trades at $9.25, a 27.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Apple plans to appeal the ruling, but its updated App Store guidelines open the door for a new wave of crypto and NFT-related apps.
South Korea’s Financial Intelligence Unit (FIU) has taken fresh action against offshore crypto exchanges operating without regulatory approval. In a new directive issued on April 14, the agency asked Apple to restrict access to 14 mobile applications linked to unregistered digital asset platforms on its App Store. The FIU’s list includes major exchanges such as […]
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In the latest round of the Trump tariff saga that has economists around the world on the edge of their seats, the U.S. released updated guidelines on Friday exempting specific technology devices, such as laptops, smartphones, and machines needed to make semiconductors, from reciprocal tariffs imposed by the U.S. The new tariff guidelines exclude a […]
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The crypto market spent most of March on a steady downtrend. Cryptocurrency prices across the board struggled on a downfall as investor caution and a lack of momentum suppressed the bullish narrative that dominated January and early February. With April just beginning, attention has turned to what lies ahead. Technical indicators are pointing to both uptrends and downtrends, but a major conversation is taking shape off the charts that could reset the trajectory of the entire crypto space. According to Cardano founder Charles Hoskinson, there are two key regulatory developments that could mark a turning point for crypto adoption and open the door for billions of new users almost overnight. Hoskinson Predicts Tech Giants Will Adopt Cryptocurrency In a recent episode of the “The Wolf Of All Streets” podcast hosted by Scott Melker, Charles Hoskinson outlined a scenario where two bills currently being debated in the U.S. Senate, one on stablecoins and the other on market structure, could change the crypto industries. He argued that once these frameworks are passed, major tech companies like Apple, Facebook, Google, and Microsoft will have the legal clarity and infrastructure to integrate crypto wallets directly into their platforms. “Once those two bills pass, Apple, Microsoft, Google, Facebook, are going to say hey, we’re crypto people now,” Hoskinson said. These companies already possess the infrastructure to onboard new crypto users: massive user bases, global infrastructure, payment processing tools, and familiarity with digital wallets. Once regulations provide a clear path forward, these tech companies will easily allow their users to buy and sell cryptocurrencies without leaving their ecosystems. This move wouldn’t be a gradual progress but a sudden leap into mass adoption that would unlock access to a userbase of over 3 billion users around the world. The 3 Billion User Effect: What Will This Mean For The Crypto Industry? The stablecoin legislation, formally titled the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, is a proposal aimed at establishing clear rules for how stablecoins are issued and backed. It also seeks to amend existing federal securities laws to clarify that payment stablecoins should not be treated as securities. Although the exact timeline for when the bill will be passed is uncertain, Charles Hoskinson believes it will be passed within the next 60 to 90 days. Once passed, the STABLE Act, alongside the market structure bill, will form the regulatory groundwork for widespread crypto adoption. On a basic level, it would allow major tech companies to integrate stablecoin payments into their platforms, letting users easily pay for services or products using stablecoins. On the higher end, these tech companies could eventually serve as intermediaries between users and crypto exchanges or even take on roles similar to exchanges themselves. A user base of 3 billion users will bring with it not only increased trading volume but also growth in use cases, liquidity, and investment interest. It would shift crypto from a smaller sector into mainstream financial infrastructure. Featured image from LinkedIn, chart from Tradingview.com
Ripple’s XRP has been the subject of recent media attention, and for good reason. The cryptocurrency has experienced a significant increase in 2024, with a gain of over 258% since the start of the year. XRP’s price had risen significantly from its low of $0.22 in early 2021 to approximately $2.30 as of mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third-largest cryptocurrency by market capitalization, a testament to its extraordinary growth. Related Reading: XRP Historic Moment Coming In 2025? This Crypto Exchange Believes So Linda Jones, a well-known wealth mentor, has just lately delivered her most current newsletter, which has generated a great deal of excitement among members of the international crypto community. The Beginning Of A New Technology Cycle Jones underscores that we are at the inception of a new technological cycle. She contends that digital assets are poised to revolutionize asset tokenization and money, much like the internet transformed communication. An excerpt from my weekly newsletter today: Digital assets should outperform tech stocks like the Magnificent 7 (Apple, Alphabet, Google, Tesla, Meta, Amazon and Nvidia) by possibly as much as 10x, in my opinion. Why? There are seven reasons I can think of: 1. We are early… — Linda P. Jones (@LindaPJones) December 19, 2024 Investors who are prepared to adopt this emergent asset class may capitalize on substantial growth prospects as a result of this transformation. Jones emphasizes that digital assets have historically been the most successful asset class, with Bitcoin experiencing nearly 30,000% increase over the past decade and XRP following closely behind with a 35,000% increase during the same period. Unexploited Market Potential The current low adoption rate of digital assets is one of Jones’s most compelling arguments. She observes that only 5% of individuals worldwide have invested in cryptocurrencies, indicating a vast untapped market that is awaiting development. Retail investors are currently better positioned than institutional players since they cannot fully enter the market because of regulatory barriers. However, Jones expects that institutional capital will soon flood the market in response to the expected regulations on crypto and stablecoins by early 2025. The recent proposal by US President-elect Donald Trump to exempt capital gains on digital assets situated in the United States from taxation serves to bolster this optimism. This policy has the potential to substantially increase the potential of American projects such as XRP and Cardano (ADA) by redirecting investments toward them if it is implemented. Related Reading: Can Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In A Favorable Political Environment Political change is also favoring digital assets. Jones notes David Sacks’ appointment as Crypto and AI czar, citing his pro-crypto stance as PayPal COO. This leadership change shows a commitment to promoting cryptocurrencies. $XRP gonna make history next year — Bitstamp (@Bitstamp) December 20, 2024 Moreover, Congress has lately grown much more pro-crypto, creating an environment fit for regulatory clarity and expansion. As XRP and other digital assets gather pace in front of changing rules and more investor trust, Jones expects 2025 to be a decisive year for them. Other business leaders share her feelings; they believe that XRP may become historical in this year. Featured image from DALL-E, chart from TradingView
The integration requires no action from app developers and is currently live for all users.
Google has sought to overturn Epic Games’ earlier court win that would see the tech giant forced to open its app store to third-party marketplaces and payments.
Tim Cook isn’t just a fan of iOS. In a post shared by DealBook on November 9th, Apple’s Tim Cook also believes in supporting and investing in crypto. Cook’s admission came in the middle of a DealBook interview that was also shared on Twitter/X. Related Reading: CryptoQuant CEO Predicts Bitcoin’s Next Big Move – And […]
Nvidia, a leading American software company, reclaims the title of the world’s most valuable company by market capitalization, topping tech giant Apple. The company’s shares jumped by 2.5% during Tuesday’s trading hours, pushing its market valuation to roughly $3.44 trillion, topping Apple’s $3.37 trillion. Related Reading: No Comeback: Binance Founder CZ Says He’s Not Returning […]
Apple’s latest AI-infused iPhones have beaten analyst sales expectations for the quarter, pushing the tech player’s earnings past Wall Street estimates.
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation.
A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam.
When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five.
Recent reports emerge showing infections in Mac computers—particularly from active crypto users. Two striking presence of malware in this case are the Banshee Stealer and the Cthulhu Stealer, developed to deceive users into transferring sensitive information, more like passwords and credentials to cryptocurrency wallets. Related Reading: Bitcoin Maxi, CEO Expects ‘$0.01 Million’ As Threshold For […]
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
The metaverse is dead, long live the metaverse.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem.
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%.
The door is now wide open for Google and Microsoft to gain first movers' advantage over the entire continent.
After investing $13 billion in OpenAI in 2023, Microsoft is distancing itself from the AI startup amid growing scrutiny from regulators.
In a shocking turn of events that has stirred the tech and crypto communities, business mogul and the Chief Executive Officer (CEO) of SpaceX and Tesla, Elon Musk has issued a stark warning to tech company Apple, threatening to forbid Tesla from using Apple devices if the tech giant integrates OpenAI into its operating system. […]
Tokens of Render, Fetch.ai, SingularityNET and Bittensor slumped 3%-5% despite mostly flat bitcoin and broader crypto prices.
There’s a three-way race for the top slot, with Microsoft maintaining a slight edge.
It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.