Quick Take MicroStrategy has announced a 10-for-1 stock split for its class A and class B common stock. This move aims to make the company’s stock more accessible to a broader range of investors and employees. The split will be implemented via a stock dividend, with record holders, as of August 1, 2024, receiving nine […]
The post MicroStrategy up 5% pre-market after 10-for-1 stock split announcement appeared first on CryptoSlate.
The post Coinbase Ventures Continues to Invest in AERO Tokens Bought 4.7 Mln Tokens appeared first on Coinpedia Fintech News
According to insights from Nansen, Coinbase Ventures has made strategic investments into Aerodcome’s (AERO) token, signaling a significant endorsement of the project’s potential. Coinbase Ventures has not only initiated significant market acquisitions of AERO tokens but has also continued to increase its holdings. Coinbase Ventures Bought 4.7M Token Coinbase Ventures recently bought a large number …
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 …
The Law Commission said decentralized autonomous organizations appear to fall under existing laws for the time being.
Quick Take Trading Economics data shows that June’s Core Inflation Rate MoM (Month-over-Month) increased by 0.1%, slightly below the consensus of 0.2% and the previous month’s 0.2%. This suggests a modest deceleration in core inflation, which excludes volatile items like food and energy. Year-over-year (YoY) figures show that Core Inflation stands at 3.3%, down from […]
The post Bitcoin peaks above $59,000 as US CPI data shows easing inflation appeared first on CryptoSlate.
The platform aims to make it easy to identify opportunities, bridge fiat, assess risk, and invest in crypto all-in-one.
The new layer 2 platform creates new revenue streams for lending protocols through establishing an efficient market for oracle updates.
The exchange reported that its BTC, USDT and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter.
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.
In an analysis shared via X and YouTube, crypto analyst Matt “The Great Mattsby” Hughes highlighted what could be a historic move for the XRP price, based on the Bollinger Bands indicator. Hughes points to an impending squeeze in XRP’s monthly Bollinger Bands, suggesting a potential spike similar to previous rallies where the cryptocurrency saw massive gains. Hughes explained via X: “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that, it shot up 60,000%.” In a YouTube video, the crypto analyst went into more detail, explaining how the XRP price has behaved in the past when the Bollinger Bands have been this tight. XRP Could Skyrocket To $250 The first instance, according to Hughes, occurred between September 2016 and March 2017. During this period, the XRP price consolidated for several months, causing the Bollinger Bands to tighten dramatically. After this period of consolidation, the XRP price skyrocketed, achieving gains that Hughes estimates to be around 60,000%. The second time was from December 2020 to April 2021. In this case, XRP rose by around 1,000%. “So it was much less than this period here and simply because it looks like it wasn’t as tight as it was right here [the first time], we can see it was much tighter during the first time,” Hughes explained. Related Reading: Crypto Whales Buy The Dip As $22 Million In XRP Flows Out Of Binance This is the third time. Notably, “is the tightest it has ever been, even tighter than the first time, which suggests that it should explode much higher than previous cycles,” he said. The Bollinger Bands are a technical analysis tool defined by a set of trendlines two standard deviations (positive and negative) away from a simple moving average (SMA) of a security’s price, but can be adjusted to suit the user’s preferences. A narrowing of these bands typically indicates low volatility with the potential for a major bullish or bearish price movement once the bands begin to widen again. Hughes also examines the duration from the all-time high to the current price, noting that 2,373 days have elapsed. This long period of relative inactivity in price growth, combined with the extreme tightness of the Bollinger Bands, forms the basis of his prediction of an imminent significant move higher. “It’s the tightest in its history as well so that just kind of proves to me that there is going to be a move sometime in the near future. I’m not sure when but sometime, we can see that this is looking more and more like it wants to break out,” Hughes remarked. Related Reading: Crypto Analyst Predicts XRP Price Crash To $0.07 Amid Triangle Breakdown In addition to the technical perspective, he also discussed XRP’s price performance relative to its 20-month moving average. He notes that, similar to previous patterns, XRP has spent a considerable amount of time below this moving average prior to significant rallies. In both previous instances, XRP’s breakout was preceded by a period below this moving average, followed by a breakout that began after testing the bottom of the Bollinger Band. Notably, the price of XRP hasn’t yet tested the bottom of the Bollinger band. Therefore, Hughes speculates about a potential price drop as a “final flush out”, possibly down to the $0.30 area before a potential breakout. Such a move would be in line with previous cycles where a test of the lower Bollinger Band has led to strong rallies. “So there is a possibility that the price could come down to test it. Maybe one last flush out maybe down into the $0.30s, we don’t know but if that’s the case then that’s just more confluence of the previous cycles that price can still just break out,” he concluded. By the way, if history were to repeat itself and XRP were to increase by 62,000%, it would reach a price of $250. At press time, XRP traded at $0.44574. Featured image created with DALL·E, chart from TradingView.com
Pyth Network has launched Express Relay on mainnet, introducing a decentralized solution to the issue of Miner Extractable Value (MEV) in DeFi transactions. The Pyth Network provides real-time market data for blockchain applications, focusing on securely and inexpensively bringing latency-sensitive financial data on-chain. This new product connects DeFi protocols directly with a network of established […]
The post Pyth Network introduces Express Relay, aiming to reduce MEV in DeFi appeared first on CryptoSlate.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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: […]
On Thursday, the Shiba Inu team unveiled plans for their upcoming ‘SHIB Marketplace,’ as detailed in the latest edition of SHIB Magazine. This marketplace is a stride towards redefining the interaction between digital assets and the decentralized Shiba Inu ecosystem. Sneak Peak Of The Shiba Inu Marketplace The SHIB Marketplace, according to the insights shared, […]
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected.
Binance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.
Pyth Network's Express Replay could significantly enhance DeFi efficiency and fairness, reducing costs and improving liquidity for protocols.
The post Pyth Network debuts new DeFi tool to slash MEV and return millions to dApps appeared first on Crypto Briefing.
Quick Take Bitcoin recently experienced the fifth-largest realized loss since the FTX collapse, sending Bitcoin below 54k. While some commentators attribute this decline to the German government’s sale of their Bitcoin reserves or the Mt. Gox redemption narrative, it seems more plausible that a significant correction was overdue following an 18-month period of consistent price […]
The post Exchange withdrawals at 5-year low of 28.5k BTC appeared first on CryptoSlate.
The post Here’s How White Hat Hacker Saved $450 Million in DeFi Hack appeared first on Coinpedia Fintech News
This is notoriously so in DeFi where a hack is disastrous to projects or investors involved in the token so the traditional policing does not adequately suffice, and the developers equally do not have the expertise on the high-risk negotiations. Enter Ogle, a pseudonymous white hat hacker, who has become a beacon of hope by …
The post These Ethereum-based Altcoins To Dominate The Bull Market? appeared first on Coinpedia Fintech News
With the altcoin leader, Ethereum price holding its value above its important support level of $3,000, altcoins have started regaining momentum and have displayed a strong bullish price action this week. Moreover, ETH-based tokens have recorded the highest gains, highlighting an increase in the investor’s interest in these altcoins to maximize their profits during the …
Key gauge shows that the speculative forth prevalent during the first quarter has dissipated.
The post Here is the Next Billion-Dollar Memecoin After PEPE, FLOKI, WIF & BONK! appeared first on Coinpedia Fintech News
Out of a $2.15 trillion market capitalization, the memecoins hold a significant share of over $42 billion, with a decent trading volume of around $3 billion to $5 billion. The start of the year witnessed a notable rise, which was led by a popular memecoin, Pepe. Following this, FLOKI, and the newly launched memecoins like …
The post Coinbase Ventures Buys 4.7 Million AERO Tokens! appeared first on Coinpedia Fintech News
Nansen revealed that Coinbase Ventures has not stopped buying Aerodrome Finance (AERO) tokens and has accumulated more than 4.7 million AERO tokens worth $2.7 million. Coinbase Ventures used the TradingVault to further add 1.5 million AERO tokens to its holding. All the tokens Coinbase Ventures has acquired are locked up within the wider Aerodrome Finance …
Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain if it could reach the $60,152 mark and what it could mean for the future of the world’s leading cryptocurrency. With a market capitalization of more than $1.1 trillion and a trading volume of more than $24 billion as of the time of writing, the price of Bitcoin is currently down by 1.37%, trading at around $58,119 in the last 24 hours. BTC’s market cap and trading volume are currently down by 1.37% and 11.67%, respectively. Bitcoin Bullish Momentum Holds Strong Currently, on the 4-hour chart, the price of BTC is on the rise and attempting a move towards the 100-day Simple Moving Average (SMA) and the $60,152 mark with strong bullish momentum. Also, it can be noticed that the crypto asset has broken above the 4-hour bearish trend line, made a retest, and began to move upward again. The formation of the 4-hour Composite Trend Oscillator also suggests more bullishness for BTC’s price as both the signal line and the SMA of the indicator are attempting to cross above the zero line and are heading towards the overbought zone. On the 1-day chart, the price of Bitcoin is experiencing a strong momentum, rising above the bearish trendline and toward the $60,152 mark. It is important to note that BTC’s price started rising after a bearish drop on the previous day. Finally, a careful observation of the 1-day composite trend oscillator reveals that the signal line of the indicator is attempting to cross above the SMA, and both are attempting to move out of the overbought zone. This formation thereby indicates that the crypto asset may be poised for more bullish move. What Could Happen If BTC Reaches The $60,152 Mark? Exploring potential outcomes if Bitcoin reaches the $60,152 mark shows that if the digital asset’s price reaches the $60,152 mark and breaks above it, it may continue to rise to test the $64,515 resistance level. When this level is breached, BTC may experience more price growth toward the $66,736 resistance level and possibly other points above. Conversely, should BTC experience a rejection at the $60,152 mark, it will begin to drop again toward the $53,541 support level. Furthermore, BTC may experience a further price drop to test the $50,604 support level and probably other lower levels, if the $53,541 target is breached. Featured image from iStock, chart from Tradingview.com
The hack on Compound Finance's website underscores the critical need for heightened cybersecurity measures and user vigilance in the crypto space.
The post Compound Finance confirms hack, warns users of phishing from website appeared first on Crypto Briefing.
Amidst ongoing broader efforts to align the cryptocurrency space with the White House policies, Ripple Chief Executive Officer (CEO) Brad Garlinghouse has publicly criticized the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, underscoring the tensions between the digital asset industry and government regulators. Garlinghouse’s critique centers on what he sees as SEC […]
The post Major Crypto Events Lined Up In Japan appeared first on Coinpedia Fintech News
Japan is about to have its busiest cryptocurrency month with various events lined up from July 24 to August 29, where global Web3 practitioners will gather in the country. On July 24th is the Tokyo Blockchain Leaders Summit 2024 hosted by Hashed. Other events include the EDCON Ethereum Development Conference and ETH Tokyo Conference with …