Shibarmy Scam Alerts has issued a critical warning to the Shiba Inu community, declaring the increasing threat of Telegram scam attacks aimed at deceiving and defrauding unsuspecting SHIB investors SHIB Scam Tracker Warns Of Telegram Scams On June 8, the Shiba Inu scam tracker, Shibarmy Scam Alerts unveiled a new scam attack targeting the Shiba […]
There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch.
Bitcoin DeFi's growth hinges on improving user experience, liquidity, and market activity, potentially reshaping the decentralized finance landscape.
The post Bitcoin DeFi is far from failing, popularity is “not that far away”: Bitlayer co-founder appeared first on Crypto Briefing.
Quick Take According to an infographic from Jeff Park, head of alpha strategies at Bitwise, Bitcoin ETFs have accumulated a staggering 247,018 Bitcoin since their launch. This is roughly double the 124,212 Bitcoin produced by miners since Jan. 11, the ETF launch date. This significant purchasing activity highlights the growing demand for Bitcoin amid a […]
The post US national debt equates to 614 million Bitcoin at current prices appeared first on CryptoSlate.
The on-chain analytics platform Santiment has provided useful insights for investors considering buying the Bitcoin dip. The platform suggested that the worst might not be over as the flagship crypto could still experience further dips from its current price range. To Buy Or Not To Buy The Bitcoin Dip? In an X (formerly Twitter) post, Santiment mentioned to those considering buying the dip that market participants also anticipate a rebound. They added that these dramatic dips, like the one Bitcoin recently experienced, are usually met with FUD (Fear, Uncertainty, and Doubt). Related Reading: XRP Price: Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017 This suggests that those looking to buy the Bitcoin dip may have to be careful as Bitcoin could dip further due to those waiting to offload their holdings out of panic once the flagship crypto recovers. Regarding FUD, there have also been calls that Bitcoin could still drop to the $40,000 range. As such, such statements could prove bearish for Bitcoin’s price, causing it to further decline. Meanwhile, Santiment noted that Bitcoin usually recovers from such dramatic dips after the average trader has given up hope on crypto. Crypto analyst CrediBULL Crypto also had some words for those looking to buy the dip at Bitcoin’s current price range. He mentioned in an X post that anyone looking to buy at these current price levels must be okay with being “underwater” for a while. He added that anyone uncomfortable with being underwater for a while should wait until some positive price action develops. He noted that this positive price action could ideally come in the “form of a major liquidation flush (open interest reset) or some LTF impulsive price action.” The crypto analyst also addressed spot Bitcoin buyers. He assured them that they need not worry about this current price range, claiming that Bitcoin could drop lower on the higher time frame (HTF) without invalidating the HTF bullish structure. Based on Bitcoin’s bullish structure, he mentioned that the price correction following this downtrend will send the flagship crypto to $100,000. Institutional Investors Are Buying The Dip Recent data from Farside investors shows that institutional investors are buying the Bitcoin dip. On July 8, the Spot Bitcoin ETFs recorded total net inflows of $294.8 million. BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC all recorded impressive net inflows of $187.2 million, $61.5 million, and $25.1 million, respectively. Related Reading: Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap – Here’s When These Spot Bitcoin ETFs also recorded net inflows of $143 million on July 5, which marked a turnaround considering that they had experienced two consecutive days of outflows before then. These inflows into Bitcoin have contributed to the recent price rebound that the flagship crypto has witnessed. At the time of writing, Bitcoin is trading at around $57,100, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
TON and Polygon Labs say the L2 integration will bring a range of new applications, including DeFi and GameFi, to users of the TON ecosystem.
Ethereum layer-2 fragmentation may require a ZKP fix in the future, but interoperable L2s are the surest fix in the meantime.
The post Ethereum Regains $3000 Ahead of ETH ETF Launch, Here is When it May Reclaim $4000 appeared first on Coinpedia Fintech News
After hitting the lows below $2900, a couple of times, the Ethereum price has managed to reclaim the pivotal range of $3000. Moreover, the second-largest crypto sustains above the gains, indicating a strong presence of bulls at these levels. Therefore, the ETH price is believed to maintain a healthy upswing hereafter and revive a fine …
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The Open Network blockchain, linked with Telegram, plans to revolutionize. It introduces its own layer-2 network leveraging Polygon’s technology. This move was announced at the Ethereum Community Conference (EthCC) in Brussels. It aims to expand TON’s capabilities through TON Applications Chain (TAC) Integrating TON with Polygon According to Pavel Altukhov, founder of TAC, the decision …
Polychain says Niraj Pant broke the fund's policies by secretly accepting "adviser" tokens from Eclipse.
Rome Protocol has secured $9 million in a funding round to integrate modular services from the Solana network into Ethereum’s ecosystem. The protocol stated that its funding round included several notable investors like Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC and Perridon Ventures. The round also included notable […]
The post Rome Protocol secures $9 million to bring Solana capabilities to Ethereum Layer-2 appeared first on CryptoSlate.
Bitcoin shrugs off the latest round of German government onchain transactions, but BTC price resistance trendlines stay out of reach.
Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.
For innovation, adoption and impact, gaming stands out as a leading use case for blockchain technology, say Leah Callon-Butler and Nathan Smale, directors of Web3 advisory firm, Emfarsis.
North American Bitcoin miner Hut 8 has expanded its energy infrastructure platform to approximately 1.3 gigawatts after it secured a power purchase agreement (PPA) for a 205-megawatt site in West Texas, according to a July 9 statement shared with CryptoSlate. According to the miner, this site offers immediate access to power and marks the first […]
The post Hut 8 ramps up with 205 MW deal in Texas, boosting capacity to 1.3 GW appeared first on CryptoSlate.
On Monday, Matthew Sigel, head of digital assets research at VanEck, an influential American investment management firm based in New York with $89.5 billion in assets under management, discussed the current Bitcoin market situation. As the sixth-largest issuer of US spot Bitcoin ETFs, with $497 million in recent inflows, VanEck’s analysis on Bitcoin is particularly […]
Baanx has been working with Mastercard to deliver a range of non-custodial crypto card offerings.
An analyst has explained how Solana (SOL) is currently mirroring the same pattern that led to a bullish breakout for its price back in 2021. Solana Appears To Be Showing Similar Trend To 2021 Right Now In a new post on X, analyst Ali Martinez has discussed about how the pattern recently forming in SOL has been reminiscent of what the cryptocurrency showed back in the July of three years ago. Related Reading: Bitcoin MVRV Ratio At Make-Or-Break Test: Will Support Hold? Below is the chart shared by the analyst, that highlights the similarity between the two periods: As is visible in the graph, the Solana 3-day price has so far shown a trajectory that has been similar to the one in 2021. Not only that, the current Relative Strength Index (RSI) is also at around the same level as the one back then. The RSI refers to an indicator in technical analysis (TA) that basically measures the speed as well as the magnitude of the recent changes occurring in SOL’s price. This momentum indicator is generally used for determining whether the asset’s price is fair or not. When the indicator has a value greater than 70, it’s a potential sign that the cryptocurrency is becoming overvalued as its price is growing too quickly. As such, corrections can become more likely in this region. On the other hand, the metric being under 30 implies a possible oversold condition is forming in the asset, meaning that a bottom could be probable to form in its price. From the chart, it’s visible that the RSI is at around 40 for Solana currently, suggesting that the asset is slightly leaning towards being undervalued. Interestingly, back in 2021, this same RSI level led to a big bullish breakout for the cryptocurrency. Given that the coin’s price has shown a similar trajectory as back then, and its RSI has also been pretty much the same, it’s possible that another surge might start for Solana from here. It now remains to be seen if past pattern will repeat for the asset or if it will follow a new path entirely. Related Reading: Bitcoin ‘Extreme Greed’ Is Almost Here: Price Bottom Now Close? In some other news, a SOL whale made a massive move on the blockchain just a couple of days ago, according to data from the cryptocurrency transaction tracker service Whale Alert. The move, which involved the transfer of 287,019 SOL (equivalent to over $40.3 million at the time the transaction was executed), travelled from an unknown wallet, likely to be the whale’s personal address, to an exchange: Binance. Thus, given the direction, it’s possible that this humongous holder had made the deposit for selling purposes. Soon after the move had come, the asset’s price had seen a dip towards the $128 mark, suggesting that the whale had played a role or had at least anticipated the drop. Whatever the case be, though, Solana has already made recovery from the drawdown. SOL Price At the time of writing, Solana is trading around $141, down more than 8% over the past week. Featured image from Shutterstock.com, whale-alert.io, charts from TradingView.com
Immutable co-founder Robbie Ferguson says the Web3 ecosystem is at a “critical inflection point,” and Notcoin’s price jumps 17% as other gaming tokens tumble.
The post 97% of Arbitrum Holders in Loss: Is Arbitrum’s Future Dark? appeared first on Coinpedia Fintech News
The L2 ecosystem of the Ethereum blockchain is growing every day. However, Arbitrum, which had garnered hype, has not been able to sustain it. Among Ethereum’s layer 2 solutions, Arbitrum has emerged as the least performing L2. ARB Token going down According to Messari’s data, Arbitrum has proven to be a loss-making deal for investors. …
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
Selling airdrops on launch day often maximizes profits, highlighting the need for projects to reassess airdrop strategies to ensure sustainable value.
The post Selling airdrops on launch day is “almost always” the best move, data suggests appeared first on Crypto Briefing.
Quick Take The 200-day Simple Moving Average (SMA) is a pivotal indicator in technical analysis, marking the transition between bull and bear markets. On July 4, Bitcoin dipped below this critical threshold for the first time since August 2023. The current 200-day SMA is at $58,720, and Bitcoin’s price is hovering around $57,000. Historically, Bitcoin […]
The post Bitcoin price around 200-day SMA could signal upcoming bullish phase appeared first on CryptoSlate.
The post Here’s Key Reason Why Bitcoin Will Begin It’s Bull Run appeared first on Coinpedia Fintech News
Bitcoin’s price dropped sharply, hitting a low not seen in four months at around $53,500, marking a decline of over 9.3%. Despite Germany’s significant Bitcoin sales and fears surrounding Mt. Gox’s liquidation, macroeconomic factors and ongoing risk appetite in traditional markets hint at a robust recovery. However, the broader outlook for Bitcoin suggests that once …
To stay relevant in this dynamic environment, the entertainment industry must integrate emerging technologies like blockchain, or be satisfied with increasingly reduced engagement, says Yemel Jardi, co-founder of Decentraland.
The new protocol, called the TON Applications Chain (TAC), will make use of Polygon’s Chain Development Kit (CDK), as well as their AggLayer.
The German government’s Bitcoin wallet received a small amount of Sats from a CoinJoin address amidst its significant selling activity. On-chain data from the crypto analytical platform Arkham Intelligence revealed that the German government wallets received less than $10 in three transactions from CoinJoin addresses today. CoinJoin transactions combine multiple Bitcoin trades to obscure the […]
The post German receives small CoinJoin deposits amid ‘negligible’ $326 million Bitcoin sales appeared first on CryptoSlate.
Former FTX Director of Engineering Nishad Singh and former Chief Technology Officer Gary Wang are set to be sentenced this fall in the ongoing criminal case against what was once a global crypto exchange before it collapsed in historic fashion near the end of 2022.