Popular cryptocurrency advocate and US Senator Cynthia Lummis has once again pushed for the adoption of Bitcoin as a reserve asset by the US government. Lummis’ latest show of support for Bitcoin adoption came as the senator also kicked against the creation of a central bank digital currency (CBDC) for the American people. Related Reading: […]
The post Distributed Ledger Technology and Consensus Mechanisms appeared first on Coinpedia Fintech News
Introduction Blockchain is emerging like never before and so is the developer ecosystem. Understanding the fundamental concepts of blockchain is a must for everyone related to this field. One such topic that needs the utmost attention to have your foundation strong is Distributed Ledger Technology and the consensus mechanism. In this article, we will explore …
The post Top 3 PolitiFi Altcoins For 10X Profits In Q3 2024 appeared first on Coinpedia Fintech News
With the bull market on the verge of skyrocketing the altcoins, the meme coins are ready for explosive moves. Amidst the meme coins, the PolitiFi altcoins offer massive upside potential as the U.S. Presidential elections inch closer. With the potential Ethereum ETF listing and Bitcoin crossing the $60K mark next week, the PolitiFi tokens could …
The post Crypto Hacks Weekly Report: DeFi and Celebrities Under Attack! appeared first on Coinpedia Fintech News
This week’s Crypto Hack Weekly Report brings to light the latest hacks and vulnerabilities shaking the crypto world. From breaches in prominent platforms to the exploitation of celebrity accounts, these incidents have created significant ripples in the community. Here’s a detailed look at the major hacks and the countermeasures taken. It’s going to be heavy …
The post Solana Price Prediction: Here’s What’s Next for the SOL Price Rally! appeared first on Coinpedia Fintech News
The short-term price action of Solana has become extremely uncertain as the buying and selling pressure has exhibited a similar intensity. This has caused the price to be stuck within a range, which is one of the pivotal levels. While bulls are failing to lift the levels above the range, they are also offering a …
The post Is Ripple on the Brink of Victory Against SEC: What’s Next for XRP? appeared first on Coinpedia Fintech News
As the Ripple lawsuit against the U.S. Security Exchange Commission approaches a crucial moment, the crypto community is on high alert. With Judge Analisa Torres set to deliver a final judgment, experts and XRP holders are weighing the odds of a settlement and what this could mean for the cryptocurrency’s future. No Settlement in Sight …
The price of Chainlink has mostly struggled in the past few weeks, mirroring the stagnant condition of the general market. Interestingly, investors seem motivated to keep faith in the altcoin rather than be discouraged by the sluggish price action observed in recent weeks. According to the latest on-chain revelation, investors appear to be shifting to a long-term holding strategy, with a focus on the future promise of the Chainlink token. This leaves the question — could the LINK price be primed for a rally? $110 Million Worth Of LINK Leave Centralized Exchanges According to the latest on-chain observation, the Chainlink token appears to be undergoing an accumulation trend, with investors moving their assets from centralized exchanges. Latest data from IntoTheBlock shows that approximately 8.7 Million LINK tokens (worth about $110 million) have been withdrawn from exchanges in the last two weeks. Related Reading: Analyst Predicts 2,750% Celestia (TIA) Price Explosion To $188, Here’s The Roadmap This observation is based on the Netflows metric, which tracks the difference between the amount of tokens that are transferred in and out of centralized exchanges. When the value of this metric is negative, it implies that more assets are leaving than entering crypto exchanges. Conversely, a positive value of the Netflows metric indicates that more assets are flowing in than out of exchanges. While it is difficult to unravel the rationale behind the increased outflow of Chainlink tokens from exchanges, the exodus of massive LINK amounts signals a shift in investor sentiment. Specifically, the direction of the funds’ movement suggests an increase in investor confidence, as they appear to be moving their tokens away from trading platforms. IntoTheBlock said in the post: Such activity is typically associated with an accumulation phase, indicating that investors are moving $LINK off exchanges and into long-term holdings. A corroborating data point came from another blockchain firm, signaling major accumulation by major Chainlink stakeholders. According to Santiment’s data, investors holding between 10,000 – 1,000,000 coins have added 9.2 Million LINK since June 24. This brings the holdings of this investor cohort to 207.29 million coins, an 8-month high. Chainlink Price At A Glance As of this writing, the price of LINK stands around $12.94, reflecting a 3.4% increase in the past 24 hours. According to CoinGecko data, the Chainlink token is up by 2.5% in the past week. However, this recent show of strength hasn’t been to reverse Chainlink’s almost 10% decline in the past two weeks. On a positive note, though, the declining supply of LINK tokens on centralized exchanges could set the stage for a bullish rally for the altcoin. Related Reading: Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target Featured image from Binance Academy, chart from TradingView
According to the latest on-chain observation, gas fees on the Ethereum network have fallen to their lowest level in nearly two months. How will this impact the price of ETH? Ethereum Network Activity Wanes Ahead Of Spot ETF In a new Quicktake post, a pseudonymous analyst revealed that the activity on the Ethereum network has […]
Binance’s lawyer urged the judge to dismiss all charges, arguing that the case lacks substance.
In what is being hailed as a significant victory for the Bitcoin market, the German government has officially depleted its Bitcoin reserves after holding 50,000 BTC in its wallet just months ago. Bitcoin Wallet Now Empty After Massive Selling Spree Data from market intelligence firm Arkham shows that the German government recently transferred the remainder of its 3,846.05 BTC stash worth approximately $223 million to Flow Traders and 139Po, likely for over-the-counter (OTC) services. As a result, Arkham’s platform reveals that the government’s wallet now stands empty, with zero BTC remaining, as seen in the image below. Related Reading: XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership Interestingly, data researcher Jay analyzed the German government’s selling activities and found that Germany sold a staggering 42,000 BTC in just one week, averaging 250 BTC per hour over 168 hours. Earlier this year, the German police made headlines when confiscated 50,000 Bitcoin worth $2.17 billion in the country’s most extensive cryptocurrency seizure. The seizure occurred in January, and the Bitcoin was taken after the suspects voluntarily transferred the funds to official wallets provided by the BKA (Bundeskriminalamt), the German Federal Criminal Police Office. This consistent selling pressure from the German government was notorious for contributing to the significant 25% price retracement experienced by the largest cryptocurrency, resulting in a low of $53,500 not seen since February. Sell Pressure, Support Levels, And Investor Sentiment Crypto analyst SkewA commented on this recent development, noting that in the future, market observers will closely monitor the passive flow of Bitcoin, particularly for signs of reduced supply. According to the analyst, this will serve as a gauge to determine if the market has effectively absorbed the recent sell pressure and highlighted the $60,000 level as the current market supply zone, with the potential for a retest of this crucial level. Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod On the other hand, market expert Dann Crypto Trades notes that Bitcoin is currently attempting to regain support from the May lows. Price action has been volatile in this range, and Dann believes that a true higher timeframe reversal will only occur once the “green zone” above $59,000 is successfully recaptured. The analyst sees the $56,500 level as crucial support for BTC’s upside momentum in the short to medium term. Meanwhile, crypto analyst Ali Martinez has identified a bullish sentiment surrounding Bitcoin’s outlook, noting that the accumulation trend score indicates a shift in investor sentiment after an extended distribution phase since April. At the time of writing, BTC trades at $57,600, remaining in its trading range between this level and the $59,000 zone for the past two days. Featured image from DALL-E, chart from TradingView.com
Over the last month, the crypto airwaves have been filled with reports of the German government selling large amounts of Bitcoin. These sell-offs have negatively impacted the Bitcoin price, as well as the broader crypto market, sending the whole market into the red. However, while the German government has been the most prominent seller during […]
The Celestia (TIA) token has suffered one of the worst price crashes following Bitcoin’s decline, falling from as high as $20 to as low as $5 before a brief recovery. However, this crash has not deterred bulls, who believe that this altcoin is set to achieve great things in the market. Celestia Could Explode 2,750% To $188 A recent analysis posted by crypto analyst ‘House Of Crypto Kings’ has caught the attention of the Celestia community. In the post, the crypto analyst maps out a rather impressive path for the coin to rally more than 2,700% and reach brand new all-time highs. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH To start out, the crypto analyst lauds the Celestia token for its utility that spans various use cases across the ecosystem. Some of these includes fee payments, staking for rewards, as well as promoting data availability and validation. However, moving to the meat of the analysis, the crypto analyst points out that the altcoin is still holding strong support at the $4.9 level. This was demonstrated in the latest crash this week, where TIA held strong at $4.9 and subsequently bounced above this level. This means that $4.9 is the level to hold if the rally is to continue. Furthermore, the crypto analyst points to the approval of Spot Ethereum ETFs starting an altcoin rally, something that would extend to prominent players like Celestia. “Historically, new projects introduced shortly before a bull market often experience significant rallies,” the analyst said. “We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.” In the event of a surge, the analyst sets two prominent targets for the price, which are $80.2 and $188. On the lower end of this, the price would have to rise 1,100% from its current $6.6 level. While for the latter, the price would have to rise 2,750% to achieve it. Exiting TIA At The Right Time The crypto analyst’s prediction coming to pass would mean that Celestia investors are in for a lot of gains in the bull market. However, knowing when to exit a coin is just as important as knowing when to enter in order to secure profits. Related Reading: Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Here’s When Given this, the analyst tells Celestia investors that they should be looking to exit their positions sometime between March and August 11 in 2025. This is because this is when they expect the top of the bull market cycle to take place and the altcoin season to come to an end. On the bearish side, however, the analyst explains that if TIA fails to maintain the $4.9 support mentioned above, then the price could break down to the next critical support around $3.6. Nevertheless, the analyst expects this to be “a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.” Featured image created with Dall.E, chart from Tradingview.com
The post Bitcoin ETF Records Inflow Of Over $1 Billion This Week, $310 Million Within Past Day! appeared first on Coinpedia Fintech News
Reportedly, BitcoinETF has recorded an inflow of +310 Million, the highest single-day inflow over the past 25 trading days. With this, the total inflow this week has crossed the $1 Billion mark. Notably, BlackRock’s “IBIT” led the leaderboard with a $120 Million inflow, followed by Fidelity’s “FBTC” with $115 Million. Positively, Grayscale’s “GBTC” has recorded …
The BlackRock and Fidelity Bitcoin ETFs led the $310 million in inflows, while Grayscale recorded a rare inflow day at $23 million.
Another DeFi protocol fell victim to an exploit on Friday morning. Dough Finance, an open-source protocol to create non-custodial liquidity markets, suffered a flash loan attack that took nearly $2 million in user funds. The project’s team announced they are working to resolve the situation promptly. Related Reading: SEC’s Crypto Stance Is ‘Anti-Investor’: CoinRoutes CEO […]
The post Coinbase Insights: Q3 Crypto Market Prediction Amid Bitcoin Sales and Fed Rate Cuts appeared first on Coinpedia Fintech News
Coinbase, in its weekly market commentary, noted that the Q3 started on a sour note with supply overhangs generated by indiscriminate Bitcoin selling from sources like the German government. While the size of the Bitcoin sales hasn’t been large relative to daily BTC spot volumes, it has put pressure on Bitcoin prices. However, today, the …
The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels. In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish daily trend. Despite this cautionary outlook, there are encouraging signs, including significant inflows to Bitcoin exchange-traded funds (ETFs) and long-term holders accumulating more BTC. BTC Struggles To Break Bearish Trend Despite the recent recovery, Bitcoin’s technical analysis suggests that the bearish trend remains. Jackis emphasizes that even if the Bitcoin price makes a new leg higher to $60,300, the D1 trend indicator remains bearish unless BTC manages to recapture the $64,000 zone, which has already proven to be a major resistance for the bulls, as the price of BTC failed to breach it on its previous attempt on July 1st. According to Jackis’ analysis, the target range for the next daily leg is projected to be between $51,000 and $49,000, with a pivotal level at $63,800 that bulls must target to reverse the daily trend. Related Reading: XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership However, there is potential to reverse this situation as “dip buyers” have returned, resulting in significant inflows into the US Bitcoin ETF market, supporting the Bitcoin price this week to prevent a deeper retracement with consecutive days of inflows to manage selling pressure from the German government’s holdings. ETF Inflow Data And Bitcoin Price Performance JPMorgan data shows that spot Bitcoin ETFs witnessed inflows of $882 million during the week ending July 11, with an average of $175 million per day, marking the highest inflows since May 23. BlackRock’s IBIT ETF and Fidelity’s FBTC led the surge, attracting $403 million and $361 million, respectively. However, Grayscale’s ETF continued its trend of outflows, losing nearly $87 million after three weeks of outflows in the ETF market totaling over $1.1 billion. Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod Supporting the bullish outlook, crypto analyst CryptoSoulz conducted an in-depth analysis of Bitcoin’s price performance in July, finding that long-term holders have accumulated BTC, having purchased over 85,000 BTC in the past 30 days. According to the analyst, this accumulation by long-term holders is a bullish catalyst for the price, indicating confidence in Bitcoin’s potential. CryptoSoulz, similar to Jackis, suggests that Bitcoin is currently finding support in the higher time frame (HTF), anticipating a bounce from this level, particularly considering the recent bearish news. However, the analyst further explained that if the Bitcoin price fails to hold above the $54,000 zone in the coming days, the next level of support is expected at $49,500. When writing, the Bitcoin price stands at $58,300, surging merely 0.7% in the 24-hour time frame as BTC looks to consolidate above the aforementioned crucial levels. Featured image from DALL-E, chart from TradingView.com
The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace Pump.fun, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan. Over One Million Memecoins Created In 7 Months According to a Bloomberg report, since its launch in […]
The post German Government Moves The Last 3846 BTC To Flow Traders appeared first on Coinpedia Fintech News
Germany has sold off more than 46,000 BTC before today. In the latest update, the last 3846 Bitcoins worth $223.81 million were moved to Flow traders and 139Po. The German government now has 0 Bitcoins remaining. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrends which largely kept the …
Strawberry extends on OpenAI’s Q* project announced in November 2023, which some described as a technical breakthrough allowing for the development of “far more powerful” AI models.
The post Ethereum ETFs Could Amass $1 Billion Monthly: Kraken Executive appeared first on Coinpedia Fintech News
In a recent Bloomberg interview, a Kraken executive noted that the market is trying to figure out ETF inflows suggesting around $750 million to $1 billion monthly. If inflows exceed expectations, the chances of Ethereum tapping all-time highs will increase, driving positive market sentiments. He added that Kraken’s mission is to accelerate crypto adoption through …
Crypto analyst Titan of Crypto has highlighted a bearish pattern on Bitcoin’s dominance chart, suggesting that altcoin season might be on the horizon. The analyst expects these altcoins to make massive moves soon enough, having experienced significant declines for some time now. Bitcoin Dominance Chart Forms Bearish Pattern Titan of Crypto mentioned in an X […]
Kraken Head of Strategy Thomas Perfumo said spot Ethereum (ETH) ETFs could help the crypto sector while commenting on political developments in the US. On July 12, Perfumo told Bloomberg that spot Ethereum ETFs would attract capital flows while attracting attention to crypto, noting: “It’s a rising tide, lifts all boat story. “ Perfumo further […]
The post Kraken exec expects Ethereum ETF launch to ‘lift all boats’ appeared first on CryptoSlate.
The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not believe that the decline is done and expects the fall to continue from here. Bitcoin Dump Far From Over A crypto analyst on the TradingView website, who goes by the pseudonym ‘Luca VIP,’ has expressed bearish tendencies for the Bitcoin price going forward. In the analysis, the crypto analyst points out that the reason for the current Bitcoin price fluctuation is the fact that it has hit resistance at $59,000 following the pump. Related Reading: Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow? As a result of this rejection, the cryptocurrency is currently in a consolidation phase, which threatens to continue from here. Furthermore, the BTC price is still showing sideways performance, even after the Thursday surge, which suggests that bears are still firmly in control of the price. Additionally, the crypto analyst maps out a possible decline trend from here, putting it as low as $56,000 until the decline is done. However, what’s important is what happens after the Bitcoin price hits this expected support level. Luca explains that despite the decline, the BTC price has formed a W pattern, which is historically a bullish pattern. In this case, a bullish reversal is expected that could trigger a retest of the $59,000 level. If the retest is successful, then the crypto analyst puts the Bitcoin price above $60,000 once again. “BTCUSDT may retest the resistance zone at $59,000. A successful breakout above this level could push the price to higher targets, potentially around $60,000 or higher,” the crypto analyst said. Is It Time To Buy BTC? While the market is still reeling from the Bitcoin price dip, some crypto analysts believe that this is a good time to time. Another pseudonymous analyst who goes by ‘RLinda’ on the TradingView website shared this sentiment recently. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH According to the analyst, the fall to $57,000 presents a good opportunity to get into position for Bitcoin, especially as the market has been plunged into fear by the continuous sell-offs. Apparently, the BTC price is headed toward a renewal of local highs. RLinda’s stance is buttressed by the fact that the Crypto Fear & Greed Index has fallen into Extreme Fear, which has historically been the best time to get positioned for cryptocurrencies. If historical trends are anything to go by, then the price could trade sideways for a while before finally finding strong support and seeing a bounce. Featured image created with Dall.E, chart from Tradingview.com
The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin Layer 2 (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. Related Reading: Shiba Inu Team Member Says Major Update Is Coming – Here’s What We Know SEC Ends Probe Into Stacks Muneeb Ali, co-creator of the Stacks protocol, […]
Amid the market slowdown, crypto analysts believe Ethereum (ETH) might be ready to retest key resistance levels again. Meanwhile, investors are expectant about the second-largest cryptocurrency performance as the final approval of spot ETH ETFs (exchange-traded funds) approaches. Related Reading: TrumpCoin (DJT) Surges 55% After News Of Trump’s Participation In Bitcoin 2024 Conference Is Ethereum ETFs Approval Already Priced In? The upcoming approval of spot Ethereum ETFs has crypto investors speculating about the launch’s impact on ETH’s performance. Renowned investor Daan Crypto Trades believes the news about the S-1 form approval won’t affect Ethereum’s price. Per the trader, the announcement will play out like the 19b-4 approval news in May. Nearly two months ago, the rumors about the ETH ETFs decision by the Securities and Exchange Commission (SEC) fueled Ethereum’s rally. The ‘king of altcoins’ surged over 30% in anticipation, going from $3,000 to $3,900. However, the token’s price did not see any further impact after the official announcement. To Daan, the SEC’s approval won’t be bullish or bearish as it is “99%+ priced in.” The analysts added that “the real test will be the actual flows once the ETFs are live.” Moreover, the trader considers the market will see a lot of Grayscale Ethereum Trust (ETHE) outflows, but not “as bad as we saw with GBTC.” Regarding the demand for the Ethereum ETFs, the crypto investor affirmed that 20% of spot BTC ETF inflows are expected. The expectations will be that it’s anywhere from 10-30% of what BTC got in terms of inflows. I think ~20% is a pretty safe estimate. Anything higher would obviously be a nice surprise. ETH doesn’t need as many flows as BTC does to make it move after all. The market cap is 1/3th and there’s a lot of supply locked up in staking/defi products etc. Pretty thin market compared to BTC. ETH 3x Rally In The Next Year Crypto analyst Jelle considers that ETH could soon be able to retest key resistance levels. The second-largest cryptocurrency is “reclaiming the 200-day EMA, with the ETFs approaching fast.” Per the post, If ETH successfully holds this level, the cryptocurrency could test the $4,000 mark. The analyst expects Ethereum to outperform Bitcoin in the following weeks. To him, the flagship cryptocurrency will have a “boring next few weeks” moving sideways. Jelle also affirmed that investors are not “ready for it to melt faces,” commenting on those who doubt ETH. “Every cycle, people give up on ETH, saying it’s ‘dead tech’ – only to be proven wrong again,” he said. Related Reading: Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40% ETH’s price has increased by 5.4% in the last week, currently trading at $3,121. Despite registering a 13% decrease in the past month, some market watchers believe ETH’s current price is a good inversion. “Anything close to $3k or below is free 3x in the next 12 months,” said pseudonym crypto analyst Poseidon. Featured Image from Unsplash.com, Chart from TradingView.com
Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to €249.5 million in the previous year. The company’s adjusted EBITDA stood at negative -€5.5 million, aligning with market expectations, following substantial […]
The post Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023 appeared first on CryptoSlate.
On-chain data shows that Litecoin whales have been active recently, as the network has handled many large moves. Litecoin Large Transaction Volume Has Been At $2.85 Billion Recently According to data from the market intelligence platform IntoTheBlock, the Litecoin network has been witnessing some high activity from the whale entities recently. The on-chain indicator of […]
The game uses the Polygon blockchain and currently runs in most browsers.
Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.