Binance.US, the American arm of the world’s largest cryptocurrency exchange, is facing a blitz of regulatory scrutiny that threatens to fumble its hold on the lucrative US market. Mounting license revocations and operational restrictions across several states paint a grim picture for the exchange’s future. Related Reading: Bitcoin Bank Vaults El Salvador’s Crypto Dream: Can […]
The post Jeremy Allaire’s Bold Prediction: Crypto Will Transform Our World appeared first on Coinpedia Fintech News
Jeremy Allaire, co-founder and CEO of Circle, recently shared, in a X post, his enthusiastic vision for the future of cryptocurrency. Drawing from decades of experience observing technological advancements, Allaire believes that crypto is poised to revolutionise society and the economy in profound ways. Here is why the world should be optimistic about the future …
President Milei champions Bitcoin for Argentina's currency competition, signaling a shift towards broader crypto acceptance.
The post Bitcoin is part of Milei’s vision for free currency competition in Argentina appeared first on Crypto Briefing.
The post PENDLE Price Breaks Major Trendline, Offers 50% Upside Rally appeared first on Coinpedia Fintech News
As the broader market temperament stays highly volatile, the PENDLE price jump paints a strong uptrend ready for a bullish marathon. With the overnight jump of 9.12%, Pendle surpasses the $5 milestone, revealing a massive demand surge. The protocol teases a new all-time high formation with the market cap approaching the billion-dollar mark. If the …
The ETP issuer says a Tuesday CoinSnacks report was likely “commissioned by short sellers,” which the crypto-focused newsletter has denied.
The post Regulatory Shifts: SEC’s New Stance on Ethereum and Spot ETFs appeared first on Coinpedia Fintech News
Blockchain technology firm Consensys recently celebrated a significant regulatory victory following its lawsuit against the SEC. In a dramatic move, the SEC ended its inquiry into Ethereum 2.0, for which Consensys had sought an injunction in April. This decision is seen as a positive outcome within the industry. However, Consensys founder Joseph Lubin expressed satisfaction …
A heavy amount of Bitcoin short positions will be wiped if Bitcoin returns to $70,000, a price level it hasn’t seen in 12 days.
Convicted felon Martin Shkreli, also known as “Pharma Bro,” claims Barron Trump is the true creator behind the DJT token — which was even “approved” by Donald Trump.
The post Smart Whale Re-Enters Bitcoin Market with His Earlier $1 Billion Profit appeared first on Coinpedia Fintech News
A savvy Bitcoin investor known as a “smart whale” has again entered the Bitcoin market with a substantial buying of 6,070 Bitcoins worth $395 million during a recent market dip. This marks the Whale’s first acquisition in over 18 months and follows a history of strategic buys and profitable sales of more than $1 Billion. …
The post XRP Price: Don’t Succumb to Fear-Induced Selling; Here’s a List of Catalysts appeared first on Coinpedia Fintech News
Analyst Levi took to his latest video and brought some positive news for XRP holders. Addressing the concerns swirling around XRP, he pointed out developments on the horizon that many overlook amidst the market’s current state. Discussing XRP’s performance over the past year, he brought to attention its stability around the 50 cents mark, likening …
XMR briefly topped $180 last week, reversing the Binance-led February slide.
The post Artificial Intelligence (AI) Dominance Surge Despite Bear Market Trend! appeared first on Coinpedia Fintech News
The crypto market has recorded a correction of 0.97% over the past 24 hours with the market leader, Bitcoin price hovering close to its support of $65,000. Moreover, top altcoins have displayed a similar trend by experiencing a similar price action. On the other hand, the Artificial Intelligence category has added 6.32% over the past …
The post Crypto Exchange Kraken Loses $3 Million to Exploited Security Flaw appeared first on Coinpedia Fintech News
The world’s leading crypto trading platform, Kraken has recently admitted it fell victim to an attack that successfully leveraged a zero-day vulnerability to steal crypto worth millions. The exploit unveiled Kraken got an email from its Bug Bounty researcher on 9th June 2024, which alerted it about a serious vulnerability in the network. The flaw …
The post MAGA and TURBO Meme Coins Tease Massive Breakout Moves appeared first on Coinpedia Fintech News
With the top meme coins taking a step back after the massive surge a day before, the low-cap coins are making waves. Linked to Trump and AI, the MAGA and TURBO coin price surge to rank in the top performers list. With the turnaround momentum and a spark in trading volume, these low-cap meme coins …
The price of Arbitrum’s governance token, ARB, has been experiencing a significant slump, nearing its all-time low. However, despite this downward trend, the market capitalization of ARB has witnessed substantial growth, expanding by over 75% to reach $2.23 billion. Market Cap Defies Price Decline Over the next three years, an additional 36% of Arbitrum’s total […]
The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant increase in XRP’s open interest, indicating a growing number of investors entering positions. This trend suggests a bullish sentiment, with investors betting on a potential price appreciation for XRP in the near future. The logic is simple: more investors entering the market with buy orders typically drives the price upwards. Recent developments in the SEC lawsuit, which accuses Ripple of selling unregistered securities in the form of XRP, seem to be buoying investor confidence. A recent court decision, for instance, may have provided some clarity on the legal classification of XRP, potentially paving the way for a more favorable outcome for Ripple. Volatility Ahead: Potential Market Swirls While the surge in open interest is a positive sign for XRP bulls, CryptoQuant warns of potential market volatility on the horizon. Rising open interest can be a double-edged sword. It indicates increased market activity, but it can also lead to higher volatility. A market with high open interest can resemble a busy intersection. Increased activity can lead to more opportunities, but it also raises the risk of sudden changes. Just as drivers need to be extra cautious at a crowded intersection, investors in a market with high open interest need to be prepared for potential volatility as new information or shifting market sentiment prompts investors to adjust their positions quickly. This potential volatility underscores the importance of caution for XRP investors. While the current trend suggests optimism, it’s crucial to remember that the outcome of the SEC lawsuit remains uncertain and the broader cryptocurrency market is inherently volatile. Related Reading: Analyst’s Bullish Call: Bitcoin Primed For Massive Jump To $127,000 XRP Price Prediction Meanwhile, XRP is predicted to rise by 21% to reach $0.602 by July 19, 2024. Despite this optimistic forecast, the current market sentiment remains bearish, indicating caution among traders. However, the Fear & Greed Index at 64 shows a state of greed, suggesting positive market activity and buying interest despite the prevailing caution. In the past 30 days, XRP has seen 14 green days, or 47% of the period, indicating moderate positivity. The price volatility over this period has been 3.67%, which is relatively moderate for a cryptocurrency. Featured image from Search Engine Land, chart from TradingView
The post After 20% Rise, AI Tokens, Fetch.ai (FET), & SingularityNET (AGIX) Eye on Another 25% Jump! appeared first on Coinpedia Fintech News
After the iconic update on Ethereum 2.0, the markets have become slightly certain about the upcoming price action. Meanwhile, the Ethereum-based tokens demonstrated remarkable strength, specifically the AI- tokens, which have recently lost some traction. Among them, the prices of Fetch.ai & SingularityNET surged nearly 25% each and are expected to maintain a similar price …
The post Altcoin Season Index at 18: Major Coins Face Challenges as Bitcoin Season Emerges appeared first on Coinpedia Fintech News
The total market cap of altcoins, excluding Bitcoin and Ethereum, has faced significant resistance, contributing to the recent declines. However, according to several analysts, despite short-term challenges, macro trends suggest that if the market follows a regular structural pattern, altcoins could see growth moving forward. The Altseason Index and Bitcoin dominance trends are essential tools …
Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation's anti-money laundering rules, India's anti-money laundering unit announced Thursday.
This week, online reports surged of a major data leak involving data from millions of students in the US. The hacker demands a Bitcoin (BTC) payment to prevent the public from leaking sensitive information. The security breach seems to be part of a larger attack on a cloud database. Related Reading: Crypto Bet Gone Wrong: […]
The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by demand from the spot exchange-traded funds (ETFs) and institutional entities. During this run, the asset surpassed the all-time high (ATH) set back in the previous bull run, breaking a pattern in other cycles where ATHs were only reached after the Halving. Related Reading: Dogecoin, Cardano “Very Bullish” Based On MVRV: Santiment With the huge demand, things looked to be just getting started for the asset, but in the months since the ATH, the cryptocurrency has only been consolidating sideways. In a new post on X, IntoTheBlock talks about the current situation with Bitcoin, which many have been wondering about. The analytics firm has pointed out that the transfer activity on the BTC network has been high recently, as the Number of Transactions metric has set a new record. The most recent spike in the Number of Transactions on the Bitcoin blockchain has resulted from the emergence of the new Runes protocol, which allows users to mint fungible tokens on the network efficiently. “Institutional whales are present, and activity on the Bitcoin network is high,” says the analytics firm. “So, where’s the confusion?” The answer to that question lies in the trend of the New Addresses indicator. As its name suggests, this metric keeps track of the total number of new addresses that are popping up on the network daily. This indicator tells us about the rate of adoption the cryptocurrency is observing. Below is a chart showing how this Bitcoin metric’s value has changed over the past decade. The graph shows that the Bitcoin New Addresses has declined while the price has risen to its new high. As IntoTheBlock notes: The data reveals that this surge in usage and whale activity does not involve a significant influx of new participants. In fact, the number of new Bitcoin users has plummeted to a multi-year low, even falling below the levels seen during the 2018 bear market. Related Reading: Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why Historically, bull markets have accompanied sharp asset adoption as new investors get attracted by all the hype. In return, this influx of holders has helped fuel the rally. It would appear that despite the asset reaching a new ATH, the network has failed to attract new users. This is what has got many puzzled. The slowdown could, at least in part, be why Bitcoin has failed to continue its bullish momentum. It now remains to be seen whether this will change for the coin soon or not. BTC Price At the time of writing, Bitcoin is trading at around $65,000, down 7% in the past week. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
Chainlink’s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar. The price is trading below the $15.00 level and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK/USD pair (data source from Kraken). The price could start another increase if it clears the $14.65 resistance zone. Chainlink Price Eyes Additional Upsides In the past few sessions, Chainlink saw a decent upward move from the $13.00 zone. There was a move above the $13.50 and $14.00 levels. LINK bulls were in action unlike Bitcoin. However, the price seems to be facing hurdles near the $14.50 and $14.65 levels. A high was formed at $14.63 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high. Chainlink is now trading below the $15.00 level and the 100-hourly simple moving average. There is also a key contracting triangle forming with resistance near $14.40 on the hourly chart of the LINK/USD pair. Immediate resistance is near the $14.40 level or the triangle zone. The next major resistance is near the $14.65 zone. A clear break above $14.65 may possibly start a steady increase toward the $15.00 level. The next major resistance is near the $15.20 level, above which the price could test $15.85. Another Decline In LINK? If Chainlink’s price fails to climb above the $14.40 resistance level, there could be a fresh decline. Initial support on the downside is near the $14.00 level or the triangle trend line. The next major support is near the $13.80 level or the 50% Fib retracement level of the upward move from the $13.16 swing low to the $14.46 high, below which the price might test the $13.50 level. Any more losses could lead LINK toward the $13.15 level in the near term. Technical Indicators Hourly MACD – The MACD for LINK/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for LINK/USD is now above the 50 level. Major Support Levels – $14.00 and $13.80. Major Resistance Levels – $14.40 and $14.65.
Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.
The post Here’s a List of Discounted Altcoins With Massive Potential appeared first on Coinpedia Fintech News
The analyst/host of The House of Crypto took to his latest video and said that there’s potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season. He discusses specific altcoins that are currently rebounding and explores the broader market …
The crypto landscape is witnessing a notable shift in strategy among hedge funds, with Bitcoin exposure at its lowest since October 2020. Particularly, the ETC Group’s latest research highlights these funds’ significant decrease in Bitcoin holdings, marking a strategic shift that could have broader implications for the cryptocurrency market. Related Reading: Bitcoin’s Rising Difficulty Points […]
Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets. This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share price reaching an all-time high. Fetch.ai Rides Nvidia’s Success Nvidia’s stock, now valued at $3.34 trillion, has nearly doubled in price since the beginning of the year, surpassing the likes of tech giants Microsoft and Apple. This rise has been attributed to Nvidia’s dominance in providing the essential chips required for artificial intelligence, often called the “new gold or oil in the tech sector” by analysts. Amidst these developments, AI-based crypto tokens have emerged as outperformers, overshadowing major cryptocurrencies that have experienced a sharp price correction led by Bitcoin (BTC). According to data from CoinGecko, notable gainers among AI tokens include Fetch.ai (FET), Singularity Net (AGIX), and Ocean Protocol (OCEAN), with gains of 24%, 23.5%, and 22%, respectively, within the past 24 hours alone. Related Reading: Ethereum Price To Hit $10,000, ‘Just The Way The Chips Have Fallen,’ Analyst Says On the one hand, FET experienced a significant recovery and broke its downtrend following a substantial price correction that brought it down to $1.10. Despite being down over 58% from its all-time high of $3.45 in March, blockchain research firm House of Chimera highlights potential real-world use cases for Fetch.ai. For instance, FET’s autonomous agents can optimize logistics by analyzing and predicting optimal routes, thereby reducing costs and improving delivery times. With the growing interest in AI applications in the industry and traditional finance, FET’s AI algorithms analyzing large datasets may lead to further price increases in the coming months. Currently, FET is trading at $1.44 with a market capitalization of $3.6 billion. Long-Term Potential For AI-Based Crypto Tokens Similarly, Singularity Net’s native token AGIX has followed a similar trajectory to FET, reaching a high of $1.46 in March but currently trading 58% lower at $0.6018. However, the underlying uses of the protocol, centered around the creation and monetization of AI services through its AI marketplace, suggest the potential for significant gains and investor interest in the long term. The native token of Ocean Protocol, OCEAN, also displays price actions comparable to those of AGIX and FET. Currently trading at $0.6094, OCEAN has witnessed a trading volume increase of over 20% in the last 24 hours. The protocol’s open-source model aims to facilitate the exchange and monetization of data and data-based services, with notable applications such as running AI-powered prediction bots or trading bots on crypto price feeds. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Ultimately, Chris Penrose, the global head of business development for telco at Nvidia, firmly believes in future price gains for the entire AI sector, which will further adoption of crypto AI-based tokens. Penrose expressed utmost confidence in the transformative power of generative AI, emphasizing that investors have barely scratched the surface of its impact on businesses worldwide. Wedbush Securities, a renowned financial firm, echoed this sentiment by predicting an intense race in the tech sector. Nvidia, Apple, and Microsoft vied for a significant $4 trillion market cap in the upcoming year. Featured image from DALL-E, chart from TradingView.com
VanEck's Bitcoin ETF starts trading on the ASX, with volumes topping $1.5 million after a couple of hours of trading.
The post VanEck’s Bitcoin ETF goes live on Australia’s top exchange appeared first on Crypto Briefing.
XRP price is struggling to start a steady increase above $0.50. The price must settle above $0.50 and $0.510 to gain bullish momentum in the near term. XRP price started a minor upward move from the $0.4765 zone. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if it clears the $0.50 and $0.510 resistance levels. XRP Price Consolidates XRP price extended losses below $0.50 like Bitcoin before the bulls appeared. The price tested the $0.4765 level and recently started a recovery wave. A low was formed at $0.4765 and the price climbed within a range. There was a move above the $0.4800 and $0.4850 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the recent decline from the $0.5105 swing high to the $0.4765 low. The price is now trading above $0.4850 and the 100-hourly Simple Moving Average. However, the price seems to be facing hurdles near the $0.4980 and $0.50 levels. There is also a short-term rising channel forming with resistance at $0.500 on the hourly chart of the XRP/USD pair. The resistance coincides with the 61.8% Fib retracement level of the recent decline from the $0.5105 swing high to the $0.4765 low. A clear move above the $0.50 resistance might send the price toward the $0.510 resistance. The next major resistance is near the $0.520 level. A close above the $0.520 resistance zone could send the price higher. The next key resistance is near $0.5320. If the bulls push the price above the $0.5320 resistance level, there could be a steady increase toward the $0.550 resistance. Any more gains might send the price toward the $0.5650 resistance. Another Decline? If XRP fails to clear the $0.50 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 level and the channel zone. The next major support is at $0.4840. If there is a downside break and a close below the $0.4840 level, the price might gain bearish momentum. In the stated case, the price could even trade below the $0.4765 low in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4840 and $0.4765. Major Resistance Levels – $0.500 and $0.510.
Onchain Highlights DEFINITION: Bundle of all active supply age bands, aka HODL waves. Each colored band shows the percentage of Ethereum in existence that was last moved within the time period denoted in the legend. Ethereum’s HODL Waves chart illustrates the distribution of held Ethereum over various time periods, indicating shifting trends in holding behavior […]
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