El Salvador’s government aims to upskill 80,000 employees through a comprehensive Bitcoin certification program, emphasizing strategic management and public policy.
As of now, the total cryptocurrency market capitalization, which includes Bitcoin and all altcoins, has not yet surpassed its previous all-time highs when adjusted for inflation. The peak was around $73,000, surpassing the previous high of $69,000 in the last cycle. For altcoins, similar performance patterns are expected. Analyst Jeff Sekinger said that historically, altcoins …
With a bullish week starting to gain momentum, the bull run in low-cap and midcap coins is soaring higher. Recovering from the recent dips, these top-performing altcoins offer a positive trend ahead. Will the renewed interest of buyers fueling the altcoins lead to a 2x surge or more? Top Performing Altcoins To Buy: Polygon (MATIC) …
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
Bloomberg’s ETF analyst Eric Balchunas is very skeptical about the potential launch of a spot ETF for Solana in the near future. Eric shared a detailed flow chart that explains the approval process. Notably, the CBOE filed 19b-4 for a Solana ETF on July 8th. The second step of the approval required the U.S. SEC …
Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock.
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024.
The bot that became infamous for targeting decentralized finance (DeFi) protocols under the name of Jaredfromsubway. eth is back with totally new and more evolved techniques reports Eigen. fi. This bot, earlier ranked among the three biggest traders on Uniswap, has been using one specific contract address to perform its profitable ‘sandwich’ attacks where transaction …
Undeterred by the slowdown of Bitcoin and some of the top coins, the rest of the altcoins are starting to heat up. Alongside, TRON and Bittorrent, these meme coins could surge for a breakout this week. So, let’s look at the price chart of these memecoins, to ride potential bull runs. Meme Coins Worth Buy: …
Toncoin (TON), the cryptocurrency tied to the popular messaging app Telegram, is gaining attention as its Masterchain hits a record 946 active addresses daily. This milestone has contributed to a nearly 9% rise in its value, standing out amid the broader market’s downward trend. TON Masterchain Hits All-Time High CryptoQuant analyst Maartunn reports that the …
Despite the challenges across the board, Hedera, a business-focused platform, especially in Q2 2024, continues to build and enhance its ecosystem further. According to a Q2 2024 review shared across X on August 19, analysts noted improvements made in the last quarter, pointing out how the platform performed relative to Q1 2024 and the broader crypto ecosystem. Hedera Developer Community Vibrant In the review, analysts observed that despite the general fluctuation in user activity, the developer community continued to thrive. The scalable ledger has over 75 full-time developers and over 190 monthly active contributors in their funding. For this reason, Hedera is among the top 40 projects by developer count. Related Reading: XRP Spikes 6%: Can It Overcome $0.66 For Further Upside? This update is critical. Like every public blockchain, Hedera requires the support of its activity, not only in spreading awareness and capability but also in fortifying the base code, ensuring that it functions as intended and without errors. Hedera code is open source and has an active public GitHub repository to ensure this is possible. Out of this, users can make code contributions, fostering collaboration and allowing the platform to innovate. Nonetheless, while the developer community is vibrant, its DeFi landscape was not as robust in Q2 2024. From the report, the platform has a total value locked (TVL) of approximately $64 million. This TVL, analysts note, is exclusive of the assets managed by the platform’s liquidity staking solution, Stader. At this level, Hedera lags behind competitors and is far from taking on active networks like Ethereum and Solana, looking at DeFiLlama data. However, reading from their asset under management, what’s positive is that Hedera is actively trying to differentiate itself from other platforms by focusing on emerging sectors. For instance, the report notes that the ledger is looking to power the rapidly growing Decentralized Physical Infrastructure Network (DePIN) sector, and strides are being made. For instance, the review notes that Neuron aims to pioneer data transmission and service delivery using decentralized rails. The platform has made inroads in Australia by deploying its first sensor, a crucial step in increasing the number of its data-sharing nodes. Implementing HIP-540, Will HBAR Turn The Corner? Beyond expansion in DePIN, the platform seeks to improve its token security further by implementing HIP-540. Once it goes live, developers can remove and modify administrative keys. This effectively means Hedera will boost security and trust, which is a crucial development, especially as it builds its NFT ecosystem. Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price HBAR, the native token of Hedera, is struggling, sinking 66% from April highs. Technically, sellers are in control, but there are efforts to turn around the state of affairs. The token has support at $0.05. Even so, if bulls push on, breaking above $0.06, prices may rip higher, reversing holders’ fortunes. Feature image from DALLE, chart from Canva
Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants. PLUS: Trump retakes lead over Harris and Tron’s TRX surges on Sunpump.meme’s growth.
The crypto markets maintain significant strength as the trade is heading towards the end of the month. Although the volatility has not reached the required levels, the majority of the tokens are displaying their preparedness to reclaim the yearly highs. Among them are Aave & Avalanche, which have risen after a pretty long consolidation. Aave …
After 11 days of operation — including a brief downtime — the memecoin platform SunPump has helped create over 18,000 tokens.
Amid the ongoing crypto market volatility and midterm uncertainty, a Web3 user has fallen victim to a phishing attack, resulting in more than $55 million loss. According to an on-chain data analysis conducted by Certik Alert, the attacker, alias Fake_Phishing187019, minted 55,473,618 Dai tokens and immediately began laundering them through different channels. Reportedly, the attacker …
Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.
Around 80% of the past fortnight’s spot Bitcoin ETF trading days have had positive flows, despite Bitcoin seeing sideways price action.
Polish national Roman Ziemian, the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million has been detained in Montenegro, according to multiple reports citing an announcement from the nation's police.
After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins.
Tim Harrison has announced that the first phase of the Chang hard fork is expected to go live on the mainnet on Aug. 27. Cardano founder, Charles Hoskinson also commented on his X social media account stating, “Are you prepared for Chang? The rocket is on the pad. Governance is coming,” The final decision regarding …
Investor sentiment took a hit on August 20 as notable crypto analysts, including Raoul Pal and Max Prime, voiced concerns about XRP’s and ADA’s future. The cryptocurrency’s performance is being closely scrutinized amid ongoing legal challenges and broader market movements. Let’s explore what’s happening around XRP, and ADA. On August 20, XRP saw a minor …
The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold. This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory. Bitcoin Faces Decisive Test At $60,000 According to market analyst Mark Cullen, Bitcoin’s ability to reclaim and hold above $60,000 by the end of the day could pave the way for a move higher towards the mid-to-high $60,000 range. However, should Bitcoin fail to decisively push through the $59,500 level, Cullen warns that the technical outlook could turn more bearish, with the potential for a sweep of the August 7th low. Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price Further complicating the continuation of the price recovery witnessed the past week after the August 5 market crash, is the presence of a sizable 1,000 BTC sell order currently protecting the $60,500 level, as noted by crypto analyst InspoCrypto. According to the analyst, a failed retest of this resistance zone could potentially catalyze the formation of a bearish double top pattern, which would be a concerning development for the bulls in the near term price action. InspoCrypto said: The $60,500 level is currently protected by a 1,000 BTC sell order. A failed retest of Bitcoin at $60,500 could potentially complicate the situation. Technical analysts might identify a double top formation in such a scenario. Moreover, the latest updates on the options data do not paint an entirely optimistic picture for Bitcoin in the short term, according to InspoCrypto, who emphasized the need to closely monitor the situation. Worst-Case Scenario For BTC According to crypto analyst Daan Crypto Trades, the fact that Bitcoin is currently trading above the $59,000 mark is a positive sign, as it represents a return to the asset’s Daily 200-Exponential Moving Average (EMA). However, Daan Crypto Trades noted that the real test for the bulls will come at the $63,000 level, which corresponds with the cryptocurrency’s local highs. “It’s an important level to break for the bulls to get the party started,” the analyst stated. Should Bitcoin fail to decisively surpass this resistance, the bears could regain control, with the $56,500 level serving as a potential support zone. Related Reading: XRP Spikes 6%: Can It Overcome $0.66 For Further Upside? Fellow technical analyst EmperorBTC echoed a similar sentiment, highlighting the significance of Bitcoin’s ability to reclaim its “macro range” and the resistance at the $62,200 level. The analyst advised against opening fresh long positions at current levels, instead suggesting that traders should look to “bid on pullbacks near the weekly VWAP (Volume-Weighted Average Price) at $58,800.” In a somewhat more cautious tone, EmperorBTC also acknowledged the possibility of a worst-case scenario, wherein Bitcoin could potentially retrace to the $52,000 level. However, the analyst emphasized that this would be a “gift to buy and hold” in the lead-up to September, hinting at the possibility of a more favorable market environment in the coming months. Featured image from DALL-E, chart from TradingView.com
A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade.
The lawsuit alleges that Binance’s negligent compliance practices allowed bad actors to use the platform to launder stolen crypto.
With a drop of 1.95% over the past day, the cryptocurrency market is presently valued at $2.10 Trillion. Further, the BTC price has failed to hold its value above the $61K level, resulting in it retesting its support level at the $59,000 mark. The altcoin leader, ETH price displayed a similar action by dropping 3.47% …
Tron (TRX) is making headlines with its price hitting $0.1578, the highest in three years. As it nears its 2021 all-time highs, the surge is driven by growing stablecoin transaction volumes on its network, especially in Asian markets where Tron is favored. Renowned crypto analyst Raoul Pal in his recent video analysis has highlighted several …
The U.S. Securities and Exchange Commission (SEC) recently rejected applications for Solana ETFs, blocking its entry into traditional financial markets. While Bitcoin and Ethereum ETFs have been approved, Solana’s unclear status as security remains a key hurdle. This has led to debate among investors, questioning why Solana is being treated differently from other major cryptocurrencies …
Mt. Gox's large Bitcoin transfer highlights the crypto market's growing resilience and liquidity, minimizing potential volatility impacts.
The post Mt. Gox transfers $700M in Bitcoin, barely budges crypto market appeared first on Crypto Briefing.
Bitcoin and Ethereum prices faded after marching to March 2024 peaks. After Bitcoin soared to fresh all-time highs of around $73,800, it only took nearly five months for prices to flash crash sharply, dumping below $50,000 in early August. Amid this sell-off, Ethereum wasn’t also spared. By August 5, the coin fell to as low […]
Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After being overshadowed by Ethereum in the previous week, Bitcoin regained its leading position, drawing the majority of the inflows. Solana, on the other hand, experienced its largest outflow on record, which was primarily driven by a decline in trading volumes of Solana-based meme coins. Bitcoin Maintains Market Dominance Last week’s inflow and outflow data on digital asset investment funds, as unveiled in CoinShares’ latest weekly report, reveals a cautious approach by investors amid uncertain economic signals. According to the report, digital asset investment products experienced minor inflows totaling $30 million. Related Reading: Bitcoin Market Facing A Persistent Net Sell-Side Bias, Glassnode Reveals Investors were particularly cautious about investing in digital asset investment funds, especially with recent data teasing that the FED is less likely to cut interest rates by 50 basis points in September. As such, the weekly trading volume came in at around $7.9 billion, a 50% drop from the previous week. As stated earlier, the majority of the inflows went into Bitcoin-based products. They witnessed $42 million in inflows, which is a 223% increase from the $13 million registered the previous week. Next on the inflow rank are multi-asset investment products, which registered $21 million worth of inflows. These products, which offer diversified exposure across multiple cryptocurrencies, have continued to attract investor interest. Ethereum, however, experienced a dramatic drop in inflows. Ethereum-based products had only $4.2 million worth of inflows last week, a 97% decrease from the $155.4 registered in the previous week. Interestingly, CoinShares notes that Ethereum witnessed a flurry of activity between providers. Lastly, XRP also recorded a minor net inflow of $0.2 million, reflecting a cautious yet positive stance toward the asset after the recent outcome of the SEC-Ripple lawsuit. Looking at outflows, Solana led the pack with $38.9 million, which is its largest weekly outflow on record. This candidly reflected the current sentiment around the Solana ecosystem, especially meme coins. While Solana bulls managed to hold up the crypto’s price around $140 last week, the same cannot be said for Solana-based meme coins. Greater Moderation On The Part Of BTC Investors These meme coins, which pushed institutional investment in Solana earlier in the year, are now responsible for outflows. Short-Bitcoin ETFs experienced $0.9 million in outflows. Although this suggests a lingering bullish sentiment toward Bitcoin, it is a fall from the $16.2 million outflow registered in the previous week. This indicates a more measured approach by Bitcoin investors. Related Reading: Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows In terms of geographical location, flows were very mixed. The United States led the way with $62 million in inflows. Canada and Brazil also saw positive activity, with inflows of $9.2 million and $7.2 million, respectively. Switzerland and Hong Kong saw the most significant outflows, with $30 million and $14 million, respectively. Featured image from Adobe Stock, chart from Tradingview.com