Ether restaking is a “robust financial tool,” but investors need to understand the number of loops they are adding.
The post Upbit To Launch BLAST Trading Pairs For Korean Won, BTC, USDT appeared first on Coinpedia Fintech News
Upbit, the largest crypto exchange in South Korea has announced that it will launch BLAST trading pairs for Korean won, BTC, and USDT. Deposits, withdrawals, and trading are expected to be open at 23:00 on June 26. The Deposits and withdrawals are supported only through guided networks (BLAST-Blast L2) and can only be made to …
The post Solana Trader Achieves $1.68 Million Profit in Just Two Weeks: Here’s How appeared first on Coinpedia Fintech News
A crypto trader has achieved an exceptional stunt: He made over $1.68 million of realized profits in just 15 days by trading in the Solana ecosystem. The trader reportedly spent 23 SOL worth $3,300 to buy two meme coins on Solana and then sold all his positions for 11,229 SOL, which was valued above $1.69 …
The post German Government’s Bitcoin Holdings Reach $3.24 Billion After Sales appeared first on Coinpedia Fintech News
The German government initially seized 50,000 Bitcoin, sold 3,000 BTC, and currently holds over $3 billion in BTC. CryptoQuant’s founder and CEO, Ki Young Ju, has witnessed a huge profit of $1.1 billion due to the recent price hike of Bitcoin. This increase has boosted Germany’s remaining BTC holdings to $3.24 billion. Germany ranks fourth …
The latest price moves in bitcoin (BTC) and crypto markets in context for June 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A new report from ivezz.com reveals that every year, an estimated 2-5% of the global GDP is laundered, translating to up to $5.05 trillion by 2024. Reflecting on these numbers reveals a significant point of analysis: despite the rising focus on crypto as a tool for illicit financial activities, its actual share in global money […]
The post Only 0.47% of money laundering uses Bitcoin and crypto out of $5 trillion globally appeared first on CryptoSlate.
Investors withdraw $1.2 billion from crypto funds, with the US leading the outflows and altcoins like Solana seeing renewed interest.
The post Investors withdraw $1.2 billion from crypto funds as Fed rate cut hopes diminish appeared first on Crypto Briefing.
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.
Mt. Gox's rehabilitation trustee has announced plans to begin Bitcoin and Bitcoin Cash repayments to creditors in July.
The post Mt. Gox to begin $9 billion repayment plan in July appeared first on Crypto Briefing.
This week in crypto, the market is poised at a crucial juncture with several significant developments on the horizon. These are the top 5 cryptocurrencies to keep an eye on in the upcoming days. #1 Bitcoin: Testing Critical Price Levels Bitcoin’s recent descent below the $61,000 mark has led to a wave of fear and […]
Quick Take Bitcoin faced a challenging period last week (June 17-23), marking one of its worst weeks of 2024. According to Glassnode, Bitcoin declined by 5.2% in week 25, making it the second worst-performing week of the year, just behind week 15’s 5.12% drop. The trend continued into week 26, with Bitcoin losing over 1% […]
The post Bitcoin tumble below $63,000 last week was its second-worst weekly performance of 2024 appeared first on CryptoSlate.
The post Apple in Hot Water: EU charges Apple over App Store rules, alleging DMA violation appeared first on Coinpedia Fintech News
In a rising tide of regulatory scrutiny, Apple Inc. is yet again under the microscope for its app store practices. The European Union (EU) has stepped up its regulatory efforts, targeting the tech and crypto industries to promote fair competition and maintain market integrity. This approach shows how the EU is working hard to limit …
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said.
Mt. Gox, the bankrupt Japanese crypto exchange, will repay creditors’ Bitcoin and Bitcoin Cash assets starting July 2024. Following the announcement, the market sold off, with Bitcoin dipping below $61,000. In a June 24 statement, the exchange’s Rehabilitation Trustee, Nobuaki Kobayashi, wrote: “The Rehabilitation Trustee will commence the repayments in Bitcoin and Bitcoin Cash in […]
The post Mt. Gox to begin Bitcoin repayments to creditors in July 2024 spooking market appeared first on CryptoSlate.
The analysis examines recent approvals of Bitcoin and Ethereum ETFs and suggests that these products could destabilize the financial system.
The post South Korean researcher sees risks with spot crypto ETFs appeared first on Crypto Briefing.
The founder of SlowMist has warned that the Telegram messenger ecosystem is “too free” for exploiters of the TON ecosystem.
The post Michael Saylor’s Bold BTC Prediction Of $10M Per Coin appeared first on Coinpedia Fintech News
Michael Saylor has recently shared his bold prediction that Bitcoin will reach $10 million per coin. Saylor sees Bitcoin as pure digital capital, capable of benefiting individuals, families, corporations, institutions, and countries. He has argued that Bitcoin will allow companies to live forever and has underscored the growing Bitcoin adoption which will drive its price. …
The post Spot ETF Has To Wait In South Korea As KIF Warns of Countries Economic Risks appeared first on Coinpedia Fintech News
The Korea Institute of Finance (KIF) has raised concerns about the possible introduction of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum in South Korea, suggesting that these types of funds will likely result in more troubles than benefits for the country’s economy. However, this comes after the approvals of Bitcoin and Ethereum ETFs in …
Quick Take On June 24, Bitcoin experienced a significant downturn, dropping approximately 3% to just below $60,600, marking its lowest price since May 10. This decline has been accompanied by substantial liquidations in the digital assets market. Coinglass data reveals that in the past 24 hours, $280 million of positions were liquidated, with $260 million […]
The post Coinbase sell pressure increases as Bitcoin dips below $61k, over $100 million liquidated appeared first on CryptoSlate.
After a decade of anticipation, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange.
Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. As the bears take control, the $60,000 threshold becomes a focal point, with many watching closely to see if the crypto asset can find support or continue its downward trend. With the help of technical indicators, this analysis focuses on analyzing Bitcoin’s current price action and its impact on the asset’s future focusing on the 4-hour and the 1-day timeframe. As of this writing, the market capitalization of Bitcoin is over $1.2 trillion, with a trading volume of over $17 billion. The cryptocurrency price is now down 3.11%, trading at roughly $62,334. Despite a 3.09% decrease in market capitalization, there has been a 96.46% increase in trading volume over the last day. Current Market Overview For Bitcoin Currently, as it can be observed on the 4-hour chart the price of Bitcoin is actively bearish and has hugely dropped below the $64,515 support level. It can also be noticed here that the price is dropping toward the $60,158 support level. Also confirming the above claim is the 4-hour Relative Strength Index (RSI) as the signal line of the indicator has sharply dropped below 50% and is currently trending at the oversold section. This indicates that there is a chance of further price decline. Bitcoin’s price on the 1-day chart is also actively bearish as it is presently trading below the 100-day Simple Moving Average (SMA) dropping towards the $60,158 support level with strong bearish momentum. Lastly, with the formation of the 1-day RSI, it can be suggested that BTC’s price poses more of a threat to extending its decline as the signal line of the indicator having dropped below 50% is actively trending close to the oversold zone. Key Support Levels: Why $60,158 Matters Presently, BTC is dropping toward the $60,158 support level. Two possible events may occur if the price reaches this level, either it experiences a rejection and begins to move upward or it breaches this level and continues to move downward. Therefore, if there is a rejection at the $60,158 support level, BTC may start moving upward toward the $64,515 resistance level. If this level is breached, the crypto asset may experience more price growth toward the $71,909 resistance level and possibly other levels above. On the other hand, if the price of BTC breaks below this support level, it will keep falling to test the $56,524 support level. Should this level be broken, Bitcoin might decline even further, testing the $50,604 support level and perhaps even lower levels. Featured image from iStock, chart from Tradingview.com
In 2024, Bitcoin transaction fees have stayed relatively low, particularly since the April Bitcoin halving, which reduced the BTC mining reward by half.
EigenLayer, a popular provider of decentralized infrastructure, has declared a noteworthy improvement to the security of its EiganDA platform. The primary aim of this update is to strengthen defenses against Sybil and Distributed Denial of Service (DDoS) attacks by putting Whitelist Security mechanisms in place. EigenLayer’s EigenDA Platform Undergoes Security Advancement During the weekend, EigenLayer’s […]
Metaplanet announced plans to issue 1 billion yen ($6.26 million) in bonds to fund additional Bitcoin purchases, according to a June 24 notice. Following the news, Metaplanet shares surged 12% to 96 yen ($0.60), continuing an uptrend that has seen it gain over 500% this year, according to Google Finance data. Bond details The company’s […]
The post Metaplanet to issue $6.26M in bonds for Bitcoin purchase, shares up 12% appeared first on CryptoSlate.
The post Solana Memecoins in Focus: Will Pepecoin and WIF Price Overcome Their Losses This Week? appeared first on Coinpedia Fintech News
The Solana price has recorded a correction of 6.86% within the past 24 hours with a trading volume of $1.77 Billion, a jump of 138.82%. With this, the altcoin has plunged below the $125 mark, indicating a strong bearish sentiment for this crypto token in the market. The Solana-based have experienced a similar trend by …
The post Samson Mow Predicts Bitcoin To Reach $1 Million Within 2025 appeared first on Coinpedia Fintech News
The Bitcoin advocate, Samson Mow, has made yet another bullish BTC statement as he shared his prediction that Bitcoin will finally reach one million within the year 2025. He tweeted that Bitcoin will likely soar even though many people may doubt such a thought. Samson Mow is known for his long-term bullish Bitcoin price predictions …
The post Bithumb To Launch CORE Korean Won Trading Pairs Today appeared first on Coinpedia Fintech News
Bithumb, the second largest exchange in South Korea has announced the launch of CORE Korean won trading pairs today. Deposits will open at 3:00 pm while withdrawals will be available from 5:00 pm. This could give CORE a major boost as Coinbase also listed CORE on June 22. Bitcoin holders can receive staking rewards by …
The post Tether USDT Surpasses Visa In Daily Transaction Volume appeared first on Coinpedia Fintech News
According to on-chain data from Lookonchain, Tether USDT on the Tron network has surpassed Visa in daily trading volume as USDT reached $53 billion compared to Visa’s $42 billion. Data from April had the top three stablecoins, a combined monthly trading volume of $1.369 trillion, which exceeded Visa’s monthly average of $1.23 trillion in 2023. …
The post Crypto Market Watch: Why Notcoin, ZkSync, and Toncoin May Decline This Week? appeared first on Coinpedia Fintech News
Top crypto-tokens continue to trade under a bearish influence with the market leader, Bitcoin price recording a low of $62,128.03 with a drop of 3.13% in valuation. This highlights an increased selling-over-buying pressure in the cryptocurrency market. Moreover, top altcoins have experienced a similar trend by recording significant corrections in their respective portfolios. Further, tokens …
Permission-based repo ledgers are among the most successful applications of blockchain technology.