The surge in crypto exploits and losses highlights the urgent need for enhanced security measures and regulatory frameworks in the blockchain industry.
The post Crypto exploit incidents rose 50%, with losses topping $1.43B in H1 2024: SlowMist appeared first on Crypto Briefing.
The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.
Institutional interest and technological advancements in Q3 2024 could significantly boost crypto market valuations and investor sentiment.
The post Ethereum ETF, Uniswap V4, and Cardano are major crypto catalysts in Q3 appeared first on Crypto Briefing.
Bitcoin Cash’s hash rate soared to a yearly high this week after an unknown miner captured around 90% of its blocks within two days. This surge comes as the network’s native BCH token hit a four-month low following a broader market crash and the defunct Mt. Gox BCH repayment plans. Phoenix mines 90% of BCH […]
The post Bitcoin Cash hash rate hits yearly peak as Phoenix dominates 90% of the network appeared first on CryptoSlate.
The post Memecoins Rebounding: dogwifhat (WIF) and Bonk (BONK) Prices Fighting Hard to Counter Bearish Trend appeared first on Coinpedia Fintech News
It was one of the lousy days for the crypto markets, as billions in market cap just whipped out in a few moments. While the markets still remain under bearish captivity, some of the tokens are fighting hard to eliminate bearish influence. Popular memecoins dogwifhat (WIF) & Bonk (BONK) prices are rebounding as decent buying …
The post Several Governments Hold About $17.8 Billion In Wallets appeared first on Coinpedia Fintech News
Several Governments are holding significant amounts of Bitcoin totaling approximately, $17.8 billion at current market prices. The US government holds the largest share of Bitcoin, with an estimated $12 billion worth of Bitcoin. The United Kingdom government holds approximately $3.3 billion worth of Bitcoin. A significant portion of this may be attributed to various law …
The post Bolivia Lifted Crypto Ban To Mitigate Dollar And Fuel Shortage appeared first on Coinpedia Fintech News
President Luis Arce revealed that the reason behind the lifting of Bolivia’s crypto ban was the dollar and fuel shortages in the country. Notably, he sees cryptocurrencies as a solution to Bolivia’s macroeconomic challenges. On June 26, the Central Bank of Bolivia (BCB) allowed the use of virtual assets through Electronic Payment Instruments (EPI). Edwin …
The UK High Court has granted Peter McCormack a Worldwide Freezing Order (WFO) against Craig Wright. This decision, handed down by Mr. Justice Mellor, follows a series of legal battles between the two parties, primarily revolving around Wright’s defamation claim against McCormack. The WFO granted to McCormack is intended to prevent Wright from dissipating his […]
The post High Court action freezes £1.5 million of Craig Wright’s assets amid defamation fallout appeared first on CryptoSlate.
The post How Low Can Bitcoin Price Drop in This Crypto Market Crash? appeared first on Coinpedia Fintech News
Bitcoin is experiencing a tough market situation right now. Its price currently remains around $55,000. The fall of BTC below the crucial level of $58,000 created a panic in the entire crypto market. It was unexpected by many. Now, the crucial question that bothers every bitcoin investor is how far this downtrend will pull down …
The Mt. Gox Rehabilitation Trustee, Nobuaki Kobayashi, announced today that the long-awaited repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors of the defunct crypto exchange Mt. Gox has officially commenced. This marks a significant milestone in the crypto world, as the repayment process begins to unfold nearly a decade after the platform’s collapse […]
The milestone takes Web3 closer to reaching its first billion users, according to Binance’s chief marketing officer.
The post Bitcoin Price Plummets to $55,000: Why Savvy Investors Are Unfazed appeared first on Coinpedia Fintech News
As you know, the cryptocurrency is a highly volatile market. Bitcoin, the largest crypto by market cap, has all the sector’s characteristics. It has gone through several ups and downs in the last five years. In the first quarter of 2024, the return was +68.7%. In the second quarter, it slipped to -12%. In May, …
The post Shiba Inu Plummets 15% Following Whales Leaving The Market appeared first on Coinpedia Fintech News
Shiba Inu is in a complicated state as SHIB has dropped to $0.00001329 and large SHIB transactions have decreased dramatically, suggesting that significant holders are leaving the market. The overall negative sentiment is a result of the withdrawal of funds from the market. The In the Money metric suggests that the majority of SHIB holders …
Quick Take The US unemployment rate has edged up to 4.1%, slightly higher than the consensus of 4.0%. This marks the highest unemployment rate since November 2021, though the labor market remains tight by historical standards. Nonfarm payrolls, however, showed a positive trend, increasing by 206,000, surpassing the expected 190,000. This mixed economic data has […]
The post US unemployment rate rises to 4.1%, highest since November 2021 appeared first on CryptoSlate.
Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.
Viral Telegram game, Notcoin, has taken a major hit as its fresh start begins to reveal itself and the wider crypto industry sees a downturn.
Quick Take There are ongoing debates about whether Bitcoin is now in a bear market or its bull market cycle has ended. However, a closer look at the data from the cycle-low during the FTX collapse, when BTC was around $15,500, shows that Bitcoin has since risen approximately 250%. Interestingly, this aligns with the patterns […]
The post Bitcoin price aligns with past cycles despite correction concerns appeared first on CryptoSlate.
Dogecoin (DOGE) is getting battered by the recent crypto market downturn. The meme-based cryptocurrency took a significant hit this Thursday, dropping 14% in value in the last 24 hours. Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated. This signifies that investors who bet on DOGE’s price increase got squeezed as the price went down. Conversely, short positions (bets on a price decrease) saw minimal liquidations at just $56,680. This liquidation event coincides with a major price drop for DOGE, pushing it to a three-month low. The price currently sits between $0.099 and $0.117, a crucial support zone identified by IntoTheBlock, a blockchain analytics firm. This zone represents a large number of wallets holding DOGE, and if it holds, the price could potentially rebound towards $0.142. Dogecoin Not Alone, But A Leader In Liquidations While DOGE is feeling the heat, it’s not the only cryptocurrency facing liquidation woes. The broader market correction resulted in over $321 million in total liquidations across various cryptocurrencies. LIQUIDATION DATA IN 24 HOURS TOTAL LIQUIDATIONS: UP TO $321.28M TOP 5 COINS WITH HIGHEST LIQUIDATION:$BTC ~ $91.51M $ETH ~ $71.90M$SOL ~ $12.84M $DOGE ~ $5.39M $WLD ~ $5.23M #Blockchain #DeFi #liquidation pic.twitter.com/e6Dv5uQbkn — PHOENIX – Crypto News & Analytics (@pnxgrp) July 4, 2024 Interestingly, DOGE takes the fourth spot for most significant liquidations, surpassing bigger players like Solana (SOL). Even younger meme coins like Dogwifhat (WIF) and Pepe (PEPE) haven’t been spared, experiencing significant liquidations as well. Dogecoin, despite its recent struggles, remains a significant player in the crypto market. It operates on the Litecoin blockchain, a well-established technology, and boasts of over $13 billion market capitalization. A Double-Edged Sword: No Spot Market Pressure, But High Bitcoin Correlation There’s a silver lining for DOGE. Unlike the derivatives market, the spot market (where actual buying and selling of crypto happens) doesn’t seem to be experiencing significant selling pressure. Data shows that DOGE buy orders are actually outpacing sell orders by nearly $1 million. Related Reading: Polkadot Under Fire: 20% Price Drop Follows $87 Million Spending Outrage However, DOGE’s fate seems intertwined with Bitcoin (BTC). They share a very high price correlation, meaning even minor sell-offs in Bitcoin can significantly impact DOGE’s price. Recent events like potential sell-offs from Mt. Gox, a defunct crypto exchange, and the German government selling confiscated Bitcoin, could indirectly affect DOGE’s price. Will DOGE Rebound? Meanwhile, Dogecoin’s technical indicators are leaning bearish. The price prediction of a 13% drop by August 4th aligns with the current sentiment. The Fear and Greed Index at 29 further reinforces this bearish outlook. Additionally, despite having a third of the last 30 days in positive territory, Dogecoin still experienced significant price volatility, which could indicate a continuation of the downtrend. Featured image from Unsplash, chart from TradingView
Mario Nawfal breaks down how mainstream media has lost the public’s trust and why social media offers a more accessible, democratic approach to information sharing.
The post Binance Targets Bitcoin Pairs For Delisting appeared first on Coinpedia Fintech News
Binance reveals that it will halt support for DGB/BTC, TLM/BTC on its Cross Margin market and DGB/BTC, TLM/BTC, and VOXEL/BTC for the Isolated Margin offshoot. As per the announcement, Binance is set to delist these pairs from July 8. Token delisting is a regular event by Binance. Over the past few years, the trading platform …
According to emails seen by the WSJ, Sam Bankman-Fried’s family allegedly funneled millions from FTX to political causes, raising significant legal questions.
The post Majority Of Mt. Gox Users Will Sell Their Bitcoin Immediately Upon Receipt: Analyst appeared first on Coinpedia Fintech News
According to finance analyst Jacob King, the Mt Gox repayments might add $8.2 billion worth of additional selling pressure to Bitcoin’s price. In an X post on July 4th, King wrote ‘No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in $BTC that is set to be distributed back to …
The post Ethereum Price Crash: Peter Schiff Predicts ETH Price To Drop Below $1500 appeared first on Coinpedia Fintech News
The cryptocurrency market is experiencing a significant downturn, which has wiped out nearly $800 million in bullish crypto bets over the past three days. Bitcoin and Ethereum, the two largest cryptocurrencies, have struggled to maintain investor confidence amidst this volatility. As of the latest updates, Bitcoin is trading below $54,000, and Ethereum has fallen to …
The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchange’s collapse.
Stablecoins continue to witness notable adoption as the world’s largest country Russia is investigating the use of stablecoins for international payments in light of the growing financial strain imposed on it by international sanctions and economic difficulties. The move attempts to circumvent traditional financial channels, underscoring Russia’s strategic transition towards digital assets as a means […]
PancakeSwap will airdrop 2.4 million ZK tokens to reward its community and boost zkSync PancakeSwap engagement.
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.
Global Bitcoin ATM network shrinks by 334 machines in under 40 days, with the US and Europe seeing the most significant reductions.
BNB has recently fallen below the critical $500 support mark, signaling the continuation of a bearish trend. This decline reflects increased selling pressure and growing bearish sentiment within the cryptocurrency market. As BNB slips under this significant threshold, analysts and traders are closely watching for further downward movement, potentially targeting lower support levels. The breach of the $500 mark is a key indicator of ongoing market weakness, suggesting that BNB may face continued challenges in the near term. With the help of technical indicators to provide comprehensive insights into potential future movements, key support levels to watch, and strategies for investors and traders to navigate the ongoing downturn, this article explores the bearish sentiment surrounding BNB’s price. At the time of writing, BNB’s price was down by over 10%, trading at about $471, with a market valuation of more than $69 billion and a trading volume of more than $2 billion. In the last 24 hours, the market capitalization of BNB has dropped by 10.88%, while trading volume has increased by 37.43%. Technical Indicators Highlight Sustained Bearish Market Conditions The price of BNB on the 4-hour chart is actively bearish trading below the 100-day Simple Moving Average (SMA). As of the time of writing, the price has made a huge drop below the $500 support mark which has triggered more bearishness for the crypto asset. With the formation of the 4-hour Moving Average Convergence Divergence (MACD), the price of BNB is set to face further decline as the MACD histograms are trending below the zero line with strong momentum. Also, the MACD line and signal line have sharply dropped and are trending below the zero line with a good spread. On the 1-day chart, it can be observed that BNB is trading below the 100-day SMA and is attempting to drop the third bearish candlestick in a row with strong momentum. This development suggests that the price is still actively bearish and may continue to decline. Lastly, the 1-day MACD signals a potential further decline in the price of BNB since the MACD histograms are trending below the zero line with strong momentum. Both the MACD line and the MACD signal line are also observed to be trending below zero after a cross below it. What To Watch Next For BNB Current analysis reveals that the price of BNB could be heading toward the $357 support level. If BNB’s price reaches the $357 support level and breaks below, it may continue to drop to test the $202 support level and potentially move on to challenge other lower levels if it breaches the $202 level. However, should the crypto asset encounter a rejection at the $357 support level, it will begin to move upward toward the $500 level once again. If it moves above this level, it may continue to climb to test the $635 resistance level and potentially move on to test other higher levels if it breaches the $635 resistance level. Featured image from Adobe Stock, chart from Tradingview.com