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, […]
Though the resolution overturning an SEC rule on banks handling crypto passed in the House in May, the legislation required at least 288 members to override President Biden’s veto.
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
According to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in the second quarter.
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 […]
Hamster Kombat, a crypto game launched on the Telegram platform, has garnered an astounding 239 million users within a mere 81 days. Pavel Durov, the visionary CEO of Telegram, has heralded the game as a transformative force in digital services, signaling a major shift in how blockchain technologies are integrated with mass-market applications. Telegram’s Hamster […]
It’s unclear what a Labour Party government could mean for digital assets in the U.K., but according to one poll, many voters want politicians to consider the industry.
Some crypto analysts expect Bitcoin’s price consolidation to end based on technical chart patterns and falling exchange reserves.
In Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethereum ETF.
Sony Group, a global conglomerate known for its substantial presence in electronics, gaming, and entertainment, has taken a bold step into the crypto exchange market through the acquisition of Amber Japan, a subsidiary of the international crypto finance company, Amber Group. This move, initially reported by Wu Blockchain, signifies Sony’s strategic expansion into the rapidly […]
Quinn Thompson, Chief Investment Officer (CIO) at Lekker Capital, articulated a strong buy signal for cryptocurrencies amidst a landscape fraught with bearish sentiment. In a statement released through the social media platform X, Thompson described the present market conditions as “one of the most obvious and attractive crypto buying opportunities of recent memory.” Lekker Capital, which has carved a niche in trading cryptocurrencies based on macroeconomic cues, provides an analysis that contrasts sharply with the prevailing market mood. Thompson’s commentary comes at a time when the broader crypto community appears enmeshed in pessimism. He expressed concern over the current trend where it’s become fashionable among crypto investors to adopt a bearish stance. “In all of my 5 years in crypto, I have never seen it be so ‘cool’ amongst crypto native investors as it is right now to be bearish,” Thompson noted, reflecting on the cyclical nature of market sentiments. Related Reading: ‘Crypto Queen’ Wanted: FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest Thompson pointed to the reactive nature of the market, particularly surrounding major events like ETF launches. He revisited the aftermath of the US spot Bitcoin ETF launch, which contrary to the bullish anticipation, saw Bitcoin’s price plunge from $49,000 to $38,000, marking a steep 22% decline in just 12 days. This event, he argued, should serve as a cautionary tale about the market’s tendency to move against consensus expectations. Addressing the most recent market dynamics, Thompson highlighted the significant impact of the sell-off that dampened the spirits of market participants, discouraging the usual strategies of buying the dip with leveraged positions. “It’s clear this most recent selloff has finally stung market participants given the lack of leveraged long dip buying,” he observed. This scenario, according to him, sets the stage for a market correction that typically follows a pattern of initial slow recovery, stabilization, and then a rapid upward movement once a catalytic event occurs. He recalled the BTC ETF leak in October as a “buy the news” event that realigned market sentiment. Furthermore, Thompson discussed the forward-looking nature of financial markets, emphasizing that the crypto market is no exception. He believes that the market has already adjusted to past events such as the Mt. Gox saga and Bitcoin sell-offs from the US and German governments. “The key thing to remember here is markets are forward looking. Citing the Mt. Gox or US and German government supply overhangs is old news – the market has priced this in. Fear and capitulation invokes an irrational near-sightedness,” the Lekker Capital CIO remarked. Related Reading: Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert Looking ahead, he underscored several macro and microeconomic developments poised to influence the market. “On the macro front, these include a November election and additional Fed liquidity. On the micro front, they are the ETH ETF, Circle IPO, and improved BTC miner profitability thanks to AI,” he explained. These factors are expected to reduce selling pressure (e.g. Bitcoin miners) and invigorate market sentiment. Delving deeper into market technicals, Thompson pointed out that several key indicators are at cycle lows, which historically precede upward movements. He noted, “BTC and ETH CME basis, alt open interest as a percentage of total, and macro relative value all sit at cycle lows while stablecoin supply is finally growing again.” This combination of factors, according to Thompson, signals a potential market bottom forming. In a bold closing prediction, Thompson projected significant rallies for major cryptocurrencies in the near future. “Personally, I think ETH will reach $7,000 and BTC will make its first attempt at $100,000 by the election in November,” he stated confidently. At press time, BTC traded at $60,766. Featured image from Shutterstock, chart from TradingView.com
Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi.
In a landmark case brought by the US Department of Justice (DOJ), two individuals have been convicted of manipulating the price of a crypto asset deemed a “security” and allegedly conspiring to defraud investors by purchasing Hydrogen Technology’s HYDRO cryptocurrency. The federal jury’s verdict resulted in significant prison terms for the defendants and established a crucial […]
Donald Trump seems to have doubled down on digital assets after he was convicted of 34 felony counts in New York.
In a new video titled “If I Had To 10X My Money, I’d Only Hold These 4 Altcoins!” aimed at shedding light on potential bull market leaders, renowned crypto analyst Miles Deutscher dissected the crypto landscape to pinpoint four altcoins that he believes could significantly outperform the market. His insights came in response to a query from his Discord channel about potential 5x to 10x gains during the current bull market. Deutscher believes that success in the crypto markets doesn’t necessarily come from holding a vast array of coins but rather from carefully selecting a few that have strong potential narratives. He articulated this during his presentation, stating, “You don’t need to own 30, 40, 50, 60 altcoins in order to get your desired returns. In fact, if you select the right coins and pick the right narratives, you could potentially succeed in this market with three, four, or five altcoins.” He also provided strategic insights into the typical market behaviors during the summer, a period he describes as a regular seasonal downturn across the crypto industry. He used historical data to support his claim, emphasizing that even during bullish years, cryptocurrencies have suffered during the summer months. Deutscher reassured his viewers by saying, “Even in the most bullish years for crypto, like 2021, majors were looking really bad during summer months […] so why would you now start to panic?” Deutscher’s Top 4 Altcoin Picks Deutscher chose coins based on their potential for significant returns and their strategic position within the market: #1 Ethereum: ETH holds the premier position in Miles Deutscher’s selection due to its established role as the leading smart contract platform in the crypto sphere. Ethereum’s upcoming catalysts, particularly the anticipated approval of US spot Ethereum ETFs, are seen as significant potential value drivers. Deutscher underscores its importance by stating, “Ethereum sits at a $428 billion fully diluted valuation versus Bitcoin which sits at $1.2 trillion. I think Ethereum is at a reasonable market cap now.” Related Reading: ‘Crypto Winter’ Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount He doesn’t predict a 10x return from Ethereum in this cycle, but he values its potential for steady growth, making it a cornerstone in a well-diversified crypto portfolio. Deutscher further supports his choice by noting the technical aspects: “Ethereum has been in a strong uptrend all the way since $1,500,” indicating its resilience and bullish trends. #2 Pepe: PEPE, a meme coin with a strong cultural footprint, is Deutscher’s second pick. He believes Pepe could perform exceptionally well in a favorable market environment, driven by its strong mindshare and position as a leading meme coin alongside giants like Dogecoin and Shiba Inu. Deutscher explains, “Pepe is not only the strongest proxy to trade Ethereum’s risk-on proxy that is, but it’s also one of the meme coins in the market with the strongest mind share behind DOGE and SHIB.” #3 Solana: SOL is chosen for its technological prowess and its significant adoption among developers and users in the crypto community. Deutscher views Solana as a potent mix of innovation and market potential, saying, “Solana has been the home of meme coins, it’s been the home of degeneracy. It’s made strides in terms of its technology adoption, lots of devs building on Solana.” He acknowledges the high valuation of Solana but suggests it offers a favorable risk-reward balance, predicting that “SOL could potentially go to $1,000 in a really crazy market.” Solana’s potential to scale and its strong community engagement positions it as a robust candidate for substantial mid-term gains. Related Reading: Bitcoin Crash To $61,000 Drives 24-Hour Crypto Liquidations Toward $300 Million #4 WIF: Dogwifhat complements Solana in Deutscher’s portfolio, serving as the meme coin counterpart to Solana’s technological base. WIF, according to Deutscher, balances the conservatism of more established coins like Ethereum and Solana with a higher risk and potentially higher return profile. He believes WIF is a key player in the meme coin sector and a strategic pick for those looking to capitalize on volatile market segments. He remarks on its performance and strategic positioning, “WIF has been a major sell-off; it’s actually trading below a major range low […] But if you believe in WIF like I do as a cycle long meme coin bet and a Solana play, you could just average in the lower it goes.” Crypto Investment Strategy And Practical Advice Deutscher’s overarching strategy blends conservative, foundational investments with higher-risk, potentially high-reward opportunities. He advocates for a portfolio construction that involves a strategic division between core holdings (80%-90%) and speculative bets (10%-20%). This approach, he argues, allows investors to capitalize on the upside while managing risk effectively. Reflecting on the importance of market timing and portfolio positioning, Deutscher advised his audience, “It’s about accumulating on major dips […] and it doesn’t really matter what happens in the interim.” He emphasizes long-term gains over short-term fluctuations, advising investors to stay the course through market ups and downs. At press time, ETH traded at $3,372. Featured image from iStock, chart from TradingView.com
Brazilian football icon Ronaldinho Gaúcho has made headlines by actively promoting the mainstream adoption of cryptocurrency, sparking widespread discussion and excitement among his vast global following. Utilizing his influential status, Ronaldinho posed a compelling question on social media, “Time for crypto to go mainstream, who’s with me?” This direct appeal led to his message being […]
Saylor’s comments came during a wide-reaching discussion with Bitcoin podcast host Robin Seyr.
Recent on-chain data suggests Bitcoin’s current woes might not yet be over as short-term holders continue to feel the heat. Bitcoin has failed to rebound significantly after a price decline in the past week, leaving many investors wondering whether to expect further declines in the coming weeks. Notably, data reveals short-term holders have been left […]
Level up your crypto trading game with margin trading steps to turn market ups and downs into your winning moves while navigating involved risks.
Contributions to Michelle Bond’s 2022 congressional campaign were part of a criminal investigation into her partner, Ryan Salame.
Both AI-tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.
Despite a potential breakout, XRP’s price remains tied to developments regarding the lawsuit between the SEC and Ripple.
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller.
The firm chose to expand into Abu Dhabi due to the innovation-friendly crypto regulations.
Prime Minister Spajic was among the early investors who invested in Terraform Labs just days before it was registered in Singapore on April 23, 2018.
The memecoin whale made an over 1,428% return on his initial investment in the Trump token.
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency
The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic.
The world of memecoins has entered a bizarre new chapter, fueled by the outlandish antics of celebrities and questionable financial ventures. The latest episode features rapper Lil Pump, whose recent social media activity has left the crypto community scratching their heads and wondering – is this a stroke of marketing genius or a recipe for […]
MicroStrategy upsizes its convertible senior notes offering to $700 million, earmarking proceeds for Bitcoin purchases and corporate purposes.