The US House of Representatives has not been able to overturn President Joe Biden’s veto of a crypto measure meant to nullify a divisive SEC rule. The vote emphasizes the continuous discussion on how to control the fast changing digital asset scene. Related Reading: Crypto Craze: Republicans See Digital Currency Shaping 2024 Elections — Survey […]
A recent report by Bloomberg has revealed that suspected digital wallets have been responsible for distributing nearly $100 billion in illicit funds across the crypto market since 2019, with a significant portion flowing through two key sectors of the industry. Crypto Criminals Exploit Stablecoins And CEXs The report highlighted that criminals are increasingly using stablecoins, […]
The post Bitcoin Faces Unseen Forces: Why BTC Stuck Below $58K? appeared first on Coinpedia Fintech News
Bitcoin struggles below $58K amid German BTC sales and market pressures. Learn why it isn't rising & how long it can take.
Hidden artist Mr. Black has been part of a controversy as his social media profile on X faces a ban. The enigmatic figure has gained recognition in the crypto community as a street artist and the main figure behind the highly expected 21,000-piece ordinal collection created on top of the Bitcoin network, the Messianic Age. […]
While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state. The court ruled that certain real estate shares and officetel subscription rights, previously seized under the name of Ms. Lee should not have been […]
The post Bitcoin and Altcoins Poised for Major Gains: Q4 Expected to Deliver Best Returns appeared first on Coinpedia Fintech News
Many are questioning whether the recent crypto cycle has peaked, and if they should sell off their assets in anticipation of buying back at lower prices, or if the recent downturns present buying opportunities. According to the analyst Satoshi Stacker, one of the most important macroeconomic factors influencing both the crypto and traditional markets is …
All eyes are on the upcoming announcement of the US Consumer Price Index (CPI) data for June as the crypto market negotiates choppy waters. This much awaited economic indicator has the power to change investor mood, therefore impacting Federal Reserve policy and maybe affecting world financial markets. Related Reading: Philippines Cracks Down On Crypto Crime: […]
The post Will XRP Price Surge by 3,860% to Hit $17? Exploring Key Catalysts appeared first on Coinpedia Fintech News
The current regulatory environment has created uncertainty for Ripple and the broader crypto market. According to the expert Cheeky Crypto, significant capital inflows into XRP are creating a golden opportunity for investors. But what is driving this sudden surge, and is it a fleeting moment or a sign of a major comeback for XRP? He …
The post Altcoins Like XRP And ADA Are Dead; Analyst Says Focus On These Coins appeared first on Coinpedia Fintech News
On Crypto Banter’s Dylan’s Trading Show, the analyst said that when trading altcoins, it is crucial to watch market dominance. Currently, dominance is trending down, which is positive for altcoins. This downward trend is characterized by lower highs, and a further decline to around 54% would be ideal. The perfect scenario involves a further drop …
The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe the price is destined for a downturn is Finn Oakes, who predicts a return to the $53,000 territory. Bitcoin Forms Double Top Pattern In the analysis that was shared on the TradingView website, crypto analyst Finn Oakes explains that the Bitcoin price has now formed a double top. This occurred after the Bitcoin price crossed the $59,000 level two times and both times, the price had failed to successfully clear this level. Related Reading: XRP Price: Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017 This double top pattern is shown on the 4-hour hour chart, where there is a reversal pattern forming as a result of this. This double top is bearish for the price and could signal a continuation of the downtrend that began last week. In such a case, the bulls have a hard fight ahead of them. Breaking down the double top, the crypto analyst explains that it has now shown $59,000 to be a strong resistance zone. This means for any rally to occur, the price would successfully have to beat this resistance before it is confirmed. In contrast to the resistance level, $56,000 has now emerged as support for the Bitcoin price. This gives both bulls and bears a tight $3,000 room to fight for dominance and push the price either way. Otherwise, sideways movement could continue. Target For The Decline Given the formation of the double top on the 4-hour chart, the crypto analyst expects the price to drop once again. For the first scenario, where the Bitcoin price breaks below the $56,000 support, the crypto analyst expects a downtrend to the $53,000 level. However, it doesn’t exactly end there if the downtrend is not stopped. In this case, the chart shows the price falling below the $53,000 level and moving toward $52,000. Although, this seems to be a worst case scenario as opposed to an expected target. Related Reading: Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance Furthermore, with the rising volume during the downtrend, the analyst believes this indicates that there is more selling going on in the background, something that could contribute to the price decline. “The trading volume has increased during recent down days, indicating strong selling pressure. This reinforces the current downtrend,” Oakes said. At the time of writing, the Bitcoin price is struggling to hold the $58,000 level. However, it is still seeing 1.08% gains in the last day, according to data from Coinmarketcap. Featured image created with Dall.E, chart from Tradingview.com
To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year. Goldman Sachs Aims To Capitalize On Tokenization Trend According to a Fortune report, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, revealed the bank’s intentions to expand its crypto offerings, focusing on the tokenization sector. Tokenization involves issuing “real-world assets,” such as money market funds and real estate holdings on public blockchains such as Ethereum or Solana, leading the bank to plan to launch three tokenization projects by the end of the year in partnership with major clients, including its first project in the United States. Related Reading: Floki Inu To Build Schools In India, FLOKI Price Seen Hitting $17 While other financial institutions, such as BlackRock, launched its first tokenized fund on the Ethereum blockchain in March, McDermott emphasized that success depends on creating products that investors want. To that end, Goldman Sachs recently hosted a digital asset summit in London attended by more than 500 clients. During the Summit, McDermott emphasized the importance of providing investors with these solutions that can “fundamentally” change asset management strategies, stating, “There’s no point in doing it just for the sake of it. According to the report, Goldman Sachs’ views on crypto differ within the institution. McDermott acknowledged that varying perspectives are expected within an institution of their size. While Sharmin Mossavar-Rahmani, CIO for Goldman Sachs, voiced skepticism about crypto as an investment asset class, McDermott emphasized the bank’s active involvement in crypto from an institutional perspective, including trading cash-settled crypto derivatives on behalf of clients and their participation in the recently approved ETF markets. Crypto Opportunities Ahead Of US Presidential Election As BlackRock successfully launched its treasury fund, BUIDL, on the Ethereum blockchain, it has garnered significant attention; McDermott noted that Goldman Sachs primarily targets institutional clients and intends to work exclusively with private blockchains due to “regulatory constraints.” Although McDermott refrained from disclosing specific details about the upcoming tokenization projects set to debut this year, he revealed that one project would focus on the US fund complex. At the same time, another would center around debt issuance in Europe. Related Reading: Ethereum Rising, 2 Million Addresses Will Be In Money If $3,200 Is Broken Looking ahead, with the US presidential election and the potential for a shift in the government’s regulatory stance on crypto on the horizon, McDermott believes that Goldman Sachs’ opportunities in the space could expand further. This could include activities like holding spot crypto assets and exploring execution and sub-custody services, subject to approval. As of this writing, the largest cryptocurrency on the market, Bitcoin (BTC), was trading at $57,580, presenting a slight decrease of 0.5% in the 24-hour time frame, aiming to consolidate above this level. Featured image from DALL-E, chart from TradingView.com
The Department of Justice (DOJ) charged two former consultants for Coins.ph, a well-known crypto currency exchange, in an action shocking the Philippine bitcoin community. Russian nationals Vladimir Evgenevich Avdeev and Sergey Yaschuck are accused of launching a carefully thought out hack that led in the loss of an astounding 12.2 million XRP, valued at around […]
The stunning fall of Sam Bankman-Fried’s (SBF) once-mighty FTX exchange, in November 2022, is still causing havoc in the crypto space. Nearly two years later, the legal reckoning is still ongoing as former FTX executives Nishad Singh and Gary Wang are ready to face punishment for their part in the multi-billion dollar scam. Related Reading: […]
In an interview with Tony Edwards of Thinking Crypto, Matthew Sigel, Head of Digital Assets Research at VanEck, explained the firm’s decision to file for a spot Solana-based Exchange Traded Fund (ETF) rather than one based on XRP. VanEck, a pioneering investment management firm in the US, has chosen to back Solana due to its […]
The post Will The Epic 2017 Altcoin Boom Repeat Soon? Indicators Have Aligned For Something Huge appeared first on Coinpedia Fintech News
Is the market already recovering from its lows? Various indicators across different time frames, from weekly to medium-term, suggested that the market had likely exhausted its downward trend, as pointed out in the latest analysis by Blockchain Backer. The latest discussion stresses the importance of confluence—where multiple indicators align—to gauge market trends. Historical examples, like …
As inflation rips through Argentina’s economy, the nation appears to be turning its gaze toward cryptocurrencies as a financial haven. Particularly, with inflation soaring to as high as 276% per year, according to a report, Argentina is now witnessing a massive turn in the monetary strategy as citizens chase after stability, even if it comes […]
Crypto analyst Timeless Crypto has made a bullish case for FLOKI, stating why he prefers the meme coin above other blue chip meme coins like Dogecoin (DOGE). The analyst also predicted that FLOKI could end up making a hug run by year-end. Why This Analyst Is Bullish On Floki Timeless Crypto mentioned in an X […]
The Chicago Board Options Exchange (Cboe), known for trading Bitcoin exchange-traded funds (ETFs) approved earlier this year, has thrown its support behind the spot Solana ETF applications filed by asset managers VanEck and 21Shares. On Monday, the Cboe submitted a request to the US Securities and Exchange Commission (SEC) seeking to list ETFs tied to […]
The post Bitcoin Price To Possibly Fall Into A Trap; Analyst says ‘Be Prepared’ appeared first on Coinpedia Fintech News
On Crypto Banter’s The Sniper Trading Show, the analyst warned about the upcoming market moves like relief bounces and traps in liquidation pools, pointing out critical Bitcoin levels such as $65,000 and $70,000. Stressing the need to consider longer timeframes, he reaffirmed their bullish stance, noting their commitment since Bitcoin was at $10,000 in 2020 …
Veteran trader Peter Brandt has given traders what to expect from the Bitcoin price action in the coming months. His analysis is based on Bitcoin’s price highs and lows in bull market corrections since 2025. The analysis also makes use of Bitcoin’s price movements in previous halving cycles. Brandt’s analysis has come at a pivotal […]
The crypto community has raised the alarm about an ongoing phishing scam targeting investors after scammers posing as crypto exchange Coinbase successfully drained nearly $2 million over the weekend. The scam is reportedly related to the CoinTracker security breach from 2022. Related Reading: Bitcoin Takes A Beating: Mt. Gox Distribution Spooks Investors $1.7 Million Drained […]
While the crypto investment sector has experienced significant outflows in recent weeks, the reverse has now been the case, with combined inflows reaching $441 million in the past week alone. This follows three consecutive weeks of net outflows ramping up concerns over investor confidence. As reported by CoinShares head of research James Butterfill, the inflow […]
Justin Bons, founder and chief investment officer of Cyber Capital, has sparked a polarizing debate in the crypto community with a scathing critique of the current Layer-2 (L2) solutions on Ethereum. The founder of the oldest crypto fund in Europe described networks like Arbitrum, Base and Optimism, designed to improve Ethereum’s scalability by offloading transactions […]
The post Whale Deposits 200,000 BNB to Binance: $103 Million Transaction appeared first on Coinpedia Fintech News
A major whale, known as capybara_bnb, deposited 200,000 BNB to Binance at 18:16 UTC+8 today, according to BscScan. The deposit, valued at approximately $103 million, is a significant movement of funds in the Binance ecosystem. Despite this large transaction, capybara_bnb still holds a substantial balance of 204,609,000 BNB, worth around $105 million. This activity has …
The post Bitcoin Price Prediction: Pattern Reveals Continuation Of Bloodbath As BTC Loses Major Support appeared first on Coinpedia Fintech News
Analyst Josh of Crypto World took to his latest analysis and said that Bitcoin is currently facing rejection from a critical resistance area, prompting another test of a key support level. This pattern is also observed in Ethereum, which is rejecting an important Fibonacci level. Recent Price Movements: On the 4-day Bitcoin chart, the Super …
The post The German Criminal Police Office (BKA) Has Distributed Around 8,000 BTCs Since 19th June! appeared first on Coinpedia Fintech News
In January of this year, the German Criminal Police Office (BKA) reportedly seized 50,000 Bitcoins from the illegal streaming platform, Movie2K. The government held the seized holding for around 6 months. However, since 19th June, the government has distributed around 8,000 BTCs, resulting in their holding dropping to 42K from 50K. Presently, the value of …
The post Bitcoin Bloodbath: Gold To Rally 100%, But What About Digital Gold? appeared first on Coinpedia Fintech News
Ronald-Peter Stoeferle, Managing Partner of Incrementum AG, recently joined David Lin for a discussion. During the conversation, Stoeferle addressed shifting sentiments towards gold as a safe haven asset in light of recent market dynamics. He was asked about the perception of gold transitioning from a safe haven hedge to a more risk-on asset and its …
The post Major Events Upcoming For The Crypto Community This Week : appeared first on Coinpedia Fintech News
This week is set for some major events for the crypto community, as investors eagerly await spot ETH ETF approvals. Further in this week, the US House is likely to vote to overturn the SAB 121 veto. In May, the Biden administration decided to veto the decision by lawmakers to repeal the SAB 121 laws. …
The post Netmarble Migrates MARBLEX and Three IP Games to Immutable zkEVM appeared first on Coinpedia Fintech News
Netmarble, a South Korean listed game publisher, migrated its game platform MARBLEX and three IP games to Immutable zkEVM. The total number of well-funded games built on Immutable has reached more than 380, with nearly 2 million active users. The number of Immutable Passport wallet registrations reached 1 million in June. MARBLEX migration to Immutable …
In an exciting development, Justin Sun, founder of Tron Network, has announced plans are underway to introduce gas-free stablecoin transfers. This has drawn much reaction with many applauding Tron’s latest proposed feature, while other users criticize the late implementation of this upgrade. Related Reading: Crypto Mogul Justin Sun Offers To Buy Germany’s $2 Billion Bitcoin […]