Regulators in the Bahamas are sick of their citizens' reluctance to adopt a CBDC, so they're forcing commercial banks to get on board.
On-chain Highlights DEFINITION: Skew is the relative richness of put vs call options, expressed in terms of Implied Volatility (IV). For options with a specific expiry, 25 Delta Skew refers to puts with a delta of -25% and calls with a delta of 25% to demonstrate this difference in the market’s perception of implied volatility. […]
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The FTX bankruptcy estate is contesting a $264 million claim made by Jump Trading’s subsidiary, Tai Mo Shan, regarding an undelivered loan of 800 million Serum (SRM) tokens from Alameda Research. Alameda Research failed to deliver the 800 million SRM tokens as stipulated in the loan agreement. This failure is central to the dispute, as […]
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The Shiba Inu price and where it could be headed has long been a bone of contention among analysts. While some see the meme coin struggling for the foreseeable future, others expect the coin to resume its rally and actually reach a new all-time high. A new Forbes report falls in the latter category, expecting a significant surge in price towards new highs. Shiba Inu Price To Reach New ATH In the Forbes report, the Shiba Inu token is lauded for its development and growing utility, pushing it to become the 13th-largest cryptocurrency in the space. However, over the last few years, the price has struggled and has failed to reclaim its $0.00008 all-time high despite the bitcoin price reaching new highs. Related Reading: Dogecoin Price In Trouble Amid 108 Million DOGE Dump On Robinhood The report points to a number of predictions, while tracing the performance of Shiba Inu through the years. One notable prediction is that of Utkarsh Tiwari, the chief strategy officer of KoinBX. Tiwari predicts that the price of SHIB could rally more than 100% from its current level to reach above $0.00003. The strategist believes that this could happen for the meme coin sometime around the end of 2024. However, for Forbes, a more realistic price point for the meme coin was set at $0.0001 to $0.0003. This deviates from Tiwari’s upper bound of $0.000396 for 2024, as it is a reasonable distance away from the current SHIB price of $0.000016. In the longer time frame, Tiwari predicts that the Shiba Inu price could go as high as $0.0000456 in favourable market conditions by 2025. However, pointing to “technological advancements and regulatory updates,” the report puts the price as high as $0.00007488 for 2025. SHIB Sees Dwindling Pressure Amid the high expectations for the Shiba Inu price, the meme coin has continued to struggle in the market. The market sell-offs affected the price over the last week, pushing it down to retest the support at $0.000016. Although the support held, it has shown how much pressure the bears are putting on the price. Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? On the volume front, the SHIB token is still struggling, as CoinMarketCap data shows a 22% decline in the last 24 hours alone. However, this could be good for the meme coin as it could mean that sellers are running out of steam, which could see the price push back up once again. For now, bulls continue to maintain the Shiba Inu price above $0.000016, getting a small boost from inflation data coming in lower than expected at 3%. Featured image created with Dall.E, chart from Tradingview.com
The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that his attempts to advertise on the social media platform X (formerly known as Twitter) have been blocked. This raises questions about potential censorship and the influence of powerful entities behind the scenes. Mr. Black has garnered global attention with his mysterious posters and stickers in cities like Jerusalem, Rome, Mexico City, Paris, and Tel Aviv. His bold claim that the Messianic Age will be revealed once his entire collection is fully minted has sparked both excitement and skepticism. In a series of posts, Mr. Black alleges that X has systematically blocked his attempts to promote his collection. This is concerning given the platform’s role in reaching a global audience. The Role of GARM Mr. Black speculates that the Global Alliance for Responsible Media (GARM) may be responsible. GARM, a controversial organization supposedly aims to ensure brand safety and reduce harmful content in advertising, but its guidelines can sometimes be overly restrictive. GARM has been in the news recently and has been subject to a congressional hearing. Mr. Black’s Allegations Mr. Black’s allegations raise several critical questions: Why has X blocked Mr. Black’s advertisements? Is GARM’s influence suppressing controversial art and messages? Are powerful figures depicted in Mr. Black’s art influencing this decision? Is Elon Musk aware of GARM’s potential influence within X? Recently, Mr. Black has posted provocative art pieces featuring figures like Elon Musk (@elonmusk), Dana White (@danawhite), Jeff Bezos (@JeffBezos), CZ from Binance (@cz_binance), and Ayatollah Khamenei (@khamenei_ir). These artworks critique the roles these individuals play in global affairs and technology. Implications of the Block Blocking Mr. Black’s advertisements suggests efforts to limit the reach of his message. This raises broader concerns about freedom of expression, particularly for artists who challenge powerful entities. Key Questions Is Mr. Black being unfairly targeted due to the controversial nature of his work? How transparent are X’s advertising policies, and what role does GARM play? The Stakes Advertising on X is crucial for Mr. Black to reach a wider audience and fulfill his goals. His declaration that minting out his collection will reveal the Messianic Age—a time of universal peace and enlightenment—requires significant visibility. Conclusion As Mr. Black’s countdown to the reveal continues, the art and crypto communities are watching closely. The alleged advertising block on X adds complexity to his mysterious persona. Whether or not Mr. Black’s vision of the Messianic Age will come to pass, the controversy highlights the ongoing struggle for artistic freedom in the digital age. The world waits to see if Mr. Black can overcome these obstacles and fulfill his ambitious prophecy. Cover image from Mr. Black
As the crypto exchange fights an SEC lawsuit, the federal regulator says Coinbase’s demands are an overreach.
Eshniyozov Shohjaxon Akmal Ogli, the inspiring Forex trader known as “Brother” within the sector, has one of the best background stories across the Forex markets. The Trader, nicknamed The Wolf of Uzbekistan, has quickly become a legend whose career began in 2012. Related Reading: Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 Shohjaxon is an example of a self-made man and one of the few with the self-tough skills to turn the financial markets’ opportunities to his advantage. This is his story. Forex Legend, The Wolf of Uzbekistan, Makes History Born in 1995 in Uzbekistan, Shohjaxon is an example of someone who could take his circumstances and achieve success with a powerful will, knowledge, and determination to become a living legend in the Forex sector. According to our investigation, Eshniyozov Shohjaxon Akmal Ogli first dived into the Forex market over 12 years ago. At that time, inexperienced and lacking insights into the dynamics of the sector, the Wolf of Uzbekistan began his career with a simple approach: trial and error. Like many in his situation, Shohjaxon faced initial disappointments as profits eluded him. However, instead of giving up, he embraced the lessons the market taught him. He forged his strategies, resilience, and determination from his mistakes, inspiring others with his unwavering commitment. Three years later, in 2015, Shohjaxon began reaping the fruits of his effort. The Forex trader found a unique edge and style during his first year. The Wolf of Uzbekistan used mathematical and technical theories combined with a deep understanding of fundamental analysis. This strategy led to massive profits, and by 2018, the Forex trader had turned thousands of euros into 25,000 euros in a little over a month. The Forex trading strategy allowed the trader to avoid losses, and just two years later, the Wolf of Uzbekistan recorded an impressive Profit and Loss ratio of 7 million euros, a testament to his unparalleled success in the Forex market. One of the most impressive aspects of his story is his capacity to absorb knowledge and turned into practical applications to trade currencies. Our investigation indicates that Shohjaxon had no mentors and, in less than a decade, read over 320 books on the Forex Market to develop his trading style and strategies. Traders Can Make As Much Profit As This Forex Legend, Here’s How Today, Shohjaxon is dedicated to teaching others what he learned in multiple years in a shorter period. His expertise can turn inexperienced traders into winners in no time by joining his private Telegram channel. In October 2021, the Forex Legend turned $49,600 into $1,180,000 in 24 days without recording a single loss. It could earn Shohjaxon, the Wolf of Uzbekistan, a world record as one of the most prominent traders in history. From 2020 to 5 April 2022, Shohjaxon’s trading volume or account balance reached approximately $19 million. He is renowned for his transparency and honesty, sharing his gains and losses with his followers. Right now, and via his private Telegram channel, readers can copy his trading success. For more information about the private channel, traders can use the following link to join and start winning today. Related Reading: Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA For further proof of Shohjaxon’s success, users can take a look at the video below, which shows Shohjaxon’s PnL and how much they can expect to earn by following his teaches and strategies: Cover image from Dall-E, chart from Tradingview
Eshniyozov Shohjaxon Akmal Ogli, the inspiring Forex trader known as “Brother” within the sector, has one of the best background stories across the Forex markets. The Trader, nicknamed The Wolf of Uzbekistan, has quickly become a legend whose career began in 2012. Related Reading: Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 Shohjaxon is an example of a self-made man and one of the few with the self-tough skills to turn the financial markets’ opportunities to his advantage. This is his story. Forex Legend, The Wolf of Uzbekistan, Makes History Born in 1995 in Uzbekistan, Shohjaxon is an example of someone who could take his circumstances and achieve success with a powerful will, knowledge, and determination to become a living legend in the Forex sector. According to our investigation, Eshniyozov Shohjaxon Akmal Ogli first dived into the Forex market over 12 years ago. At that time, inexperienced and lacking insights into the dynamics of the sector, the Wolf of Uzbekistan began his career with a simple approach: trial and error. Like many in his situation, Shohjaxon faced initial disappointments as profits eluded him. However, instead of giving up, he embraced the lessons the market taught him. He forged his strategies, resilience, and determination from his mistakes, inspiring others with his unwavering commitment. Three years later, in 2015, Shohjaxon began reaping the fruits of his effort. The Forex trader found a unique edge and style during his first year. The Wolf of Uzbekistan used mathematical and technical theories combined with a deep understanding of fundamental analysis. This strategy led to massive profits, and by 2018, the Forex trader had turned thousands of euros into 25,000 euros in a little over a month. The Forex trading strategy allowed the trader to avoid losses, and just two years later, the Wolf of Uzbekistan recorded an impressive Profit and Loss ratio of 7 million euros, a testament to his unparalleled success in the Forex market. One of the most impressive aspects of his story is his capacity to absorb knowledge and turned into practical applications to trade currencies. Our investigation indicates that Shohjaxon had no mentors and, in less than a decade, read over 320 books on the Forex Market to develop his trading style and strategies. Traders Can Make As Much Profit As This Forex Legend, Here’s How Today, Shohjaxon is dedicated to teaching others what he learned in multiple years in a shorter period. His expertise can turn inexperienced traders into winners in no time by joining his private Telegram channel. In October 2021, the Forex Legend turned $49,600 into $1,180,000 in 24 days without recording a single loss. It could earn Shohjaxon, the Wolf of Uzbekistan, a world record as one of the most prominent traders in history. From 2020 to 5 April 2022, Shohjaxon’s trading volume or account balance reached approximately $19 million. He is renowned for his transparency and honesty, sharing his gains and losses with his followers. Right now, and via his private Telegram channel, readers can copy his trading success. For more information about the private channel, traders can use the following link to join and start winning today. Related Reading: Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA For further proof of Shohjaxon’s success, users can take a look at the video below, which shows Shohjaxon’s PnL and how much they can expect to earn by following his teaches and strategies: Cover image from Dall-E, chart from Tradingview
As Bitcoin adoption grows, several nations are looking forward to establishing strategic initiatives that will provide knowledge and understanding regarding the digital asset’s nature. One of the latest nations to join the fray is America’s coastal city, the city of Santa Monica. Santa Monica Takes The Lead With Bitcoin Office On Wednesday, Santa Monica, a […]
A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday.
Lower-than-expected CPI may boost crypto liquidity and risk appetite, but Bitcoin's supply concerns and Fed decisions could still drive volatility.
The post Crypto liquidity set for a boost after CPI came lower than expected, says Bitfinex analyst appeared first on Crypto Briefing.
Cardholders will be able to order and pay for prescriptions using crypto, the company says.
The post Top 3 Meme Coins: From 586,888% Gains to Massive Community! appeared first on Coinpedia Fintech News
Dive into the world of meme coins: discover massive gains, vibrant communities, and the latest trends in crypto excitement!
The post Crypto Liquidations To Subside, BTC And Crypto Market To Rebound: JP Morgan appeared first on Coinpedia Fintech News
Bitcoin And Crypto Market To Rebound In a recent research report on Thursday, JP Morgan stated that the crypto liquidations should decrease this month and the market is expected to see a massive rebound from August onward. The bank has also reduced its year-to-date crypto net flow estimate from $12 billion previously to $8 billion …
Institutions are buying as Bitcoin dips under $60,000, strengthening the long-term bullish outlook for BTC’s price.
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto.
The suspected DNS attack on DeFi protocols registered with Squarespace opens the issue of vulnerabilities in domain management for decentralized protocols.
The post Over 120 DeFi protocols at risk in suspected Squarespace DNS attack appeared first on Crypto Briefing.
Several DeFi apps have been targeted by a domain hijacker who may have discovered an exploit in Squarespace’s registry system, Blockaid stated.
There's less than 5,000 bitcoin left in wallets linked to German authorities after Thursday's transfers, down from the 50,000 BTC that was confiscated, blockchain data shows.
Amid the recent downturn in the global crypto market, a recent Crypto Banter Dylan’s Trading Show session has caught the eye with some bold claims regarding what comes next for Solana and Ethereum and some negative sentiment on XRP and ADA. Over the past years, crypto analysts in the industry have been discovering and analyzing patterns in the market because this could help them predict future directions. So far, a decrease in Bitcoin‘s dominance is considered good for altcoins. According to the Crypto Banter Show analyst, this change could potentially signal more diversified investing in altcoins and a market bullishness towards lesser-known chains. Related Reading: Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? Focus on Growth: Altcoins to Watch Despite the caution against investing in what is labeled ‘dead coins’ like XRP and ADA, Dylan’s Trading Show analyst expressed a more optimistic outlook for coins such as Solana and Ethereum. The analyst noted that if Bitcoin loses dominance, a series of massive moves upward could be in store for these altcoins. In particular, he forecasts that Solana could find support levels around $137 to $139 should the market continue its current momentum without breaking key technical barriers. As for Ethereum, the analyst discloses that ETH is approaching a critical juncture at the 200-day Moving Average (MA). If Ethereum breaks through and holds this level, it will trigger a domino effect to the upside, positively impacting small-cap altcoins. Should You Stay Away From XRP and ADA? While the analyst has mentioned XRP and ADA as “dead coins”— which means they might not have much potential for growth in the near term, it is worth noting that these assets are still seeing their share of optimism and bullishness from their respective community. Earlier today, an analyst revealed the potential for XRP to experience a massive rally due to the emergence of “one of the tightest monthly Bollinger Band squeezes in its history.” According to the analyst, the last time this indicator was seen, “XRP shot up 60,000%.” On the other hand, ADA is on the cusp of a new development with the upcoming Chang Hard Fork. IntoTheBlock states, “before its previous hard fork in 2021, ADA surged 130%, from $1.35 to $3.10 in just a month.” This signals a possible price surge for ADA, reminiscent of past gains following significant updates or forks within the blockchain. Related Reading: XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst Overall, the updates above from the assets suggest potential upcoming volatility and price increases for both XRP and ADA, contradicting the analyst’s view that they are “dead coins.” Featured image created with DALL-E, Chart from TradingView
According to the researchers, automation will save the U.K. billions starting almost immediately but outside analysts aren't so sure.
Once an icon in the field of digital asset exchanges, BitMEX has unexpectedly turned guilty to a charge of violating the Bank Secrecy Act (BSA). This event is felt across the bitcoin community. The plea, a biting indictment of the platform’s operations, exposes a sinister world in which inadequate anti-money laundering (AML) rules clearly defied […]
Portal aims to become the “Stripe of crypto” by lowering common barriers to entry for players eyeing blockchain video games.
Coinbase said crypto voters will play a significant role in the upcoming US presidential election and have the potential to impact key battleground states. The exchange pointed to several surveys and studies conducted on its behalf to gauge the extent of crypto adoption among American voters. It added that surveys have revealed that crypto is […]
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Leveraged Bitcoin ETFs are popular, but they often massively underperform the alternatives for crypto futures trading.
Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000. Binance Bought The Bitcoin Dip Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last week, some unnamed exchanges were loading up the dip. It is now emerging that Binance, the world’s largest exchange by client count, was actively accumulating. CryptoQuant data shows that Binance increased its reserves by 41,000 BTC over the last bear run when prices corrected from $72,000. Buying on dips is strategic, considering the exchange’s obligation, especially for users seeking to convert other tokens for BTC on the fly instantaneously. Related Reading: XRP Set To Skyrocket 60,000% On Tightest Bollinger Bands Ever: Analyst During this time, Ki Young Ju also noted that “permanent holders,” entities who tend to HODL and not move coins, have been accumulating. These addresses, excluding spot Bitcoin exchange-traded fund (ETF) issuers, exchanges like Binance and Coinbase, or miners, added 85,000 BTC in the last month. During this time, spot Bitcoin ETF issuers decreased their holding by 16,000 BTC. While some entities were scrambling for the exits, others saw this as an opportunity to double down, loading on every retracement. Their involvement has helped stabilize prices, improving sentiment shredded after last week’s dump to as low as $53,500. German Government Offloading More BTC Even as the “diamond hands” buy the dip, the German government is not stopping; looking at Arkham Intelligence data. Today, on July 11, they moved another 3,250 BTC, on top of the 5,627 sent earlier, to multiple market makers and exchanges, including Bitstamp. Their decision to sell is heaping more pressure on the coin, slowing down the uptrend. Even amid sustained outflows from the German government, a Coingecko survey shows that most respondents, especially investors, are upbeat. Related Reading: Filecoin Boom Incoming? Market Optimism Fuels Crypto’s Next Breakout Star Meanwhile, traders and speculators have mixed sentiments. While 39% of traders are upbeat, expecting prices to recover, another 33.5% of those surveyed are bearish. Most speculators, or 42.4% of those surveyed, are bearish, expecting prices to continue tanking. Feature image from DALLE, chart from TradingView
Coinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.
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.
Artist Alexis André explains the attraction of Bitcoin for releasing his latest generative art collection.