The exploiter may not be making any money from the attack.
The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization.
The U.S. Senate passed a resolution to rescind a SEC policy targeting banks that offer crypto services, with 12 Democrats joining Republicans.
Bitcoin options indicate a bullish investor outlook with rising demand for longer-dated calls post-cooler inflation.
The post Appetite for Bitcoin ramps up after positive inflation results, shows options data appeared first on Crypto Briefing.
Documents reveal SEBI’s recommendation for distributed regulatory oversight of cryptocurrencies in India.
The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip. Related Reading: Floki Inu Moment Of Glory: Analysts Forecast Explosive 200% Rally Ethereum Rallies, But Questions Linger Ethereum (ETH) surged 3.7% in the last 24 hours, buoyed by a general uptick in the crypto market. This positive movement comes after a significant price drop that saw ETH fall to $2,850. The recent rise has sparked optimism among some analysts, with popular crypto figure Ali calling for a potential “one to four candlestick rebound” based on a buy signal he identified on ETH’s chart. The TD Sequential presents a buy signal on the #Ethereum daily chart! It anticipates that $ETH could see a rebound of one to four candlesticks. pic.twitter.com/Vg7FTl9X2a — Ali (@ali_charts) May 15, 2024 However, not everyone is convinced. A closer look at on-chain data reveals some conflicting signals. CryptoQuant’s data shows a sharp rise in ETH’s exchange reserves over the past few days, suggesting that investors might be offloading their holdings rather than accumulating. This is further supported by Santiment’s data, which indicates an increase in ETH’s supply on exchanges over the past week. The behavior of large investors, often referred to as “whales,” also paints an unclear picture. While Ethereum’s supply held by top addresses remained flat, suggesting whales haven’t made any significant moves, this could be interpreted in two ways. Some believe it indicates a wait-and-see approach from whales, anticipating a potential market top before re-entering. Undervaluation Hints At Potential Growth Despite the mixed signals, some metrics point towards a potential price increase for ETH. The token’s Network To Value (NVT) ratio, as analyzed by Glassnode, has declined significantly over the past week. Market Sentiment, Technical Indicators Send Conflicting Messages Meanwhile, adding another layer of complexity to the prediction puzzle is the current market sentiment surrounding ETH. While some analysts are turning bullish, evidenced by the rise in ETH’s weighted sentiment on social media platforms, technical indicators paint a less clear picture. Related Reading: Solana On The Brink? Price Stalemate At Crucial $140 Support The Relative Strength Index (RSI) and Money Flow Index (MFI) have both dipped recently, potentially suggesting a loss of momentum in the recent upswing. The Moving Average Convergence Divergence (MACD) indicator, however, has presented a bullish crossover, hinting at a potential continuation of the uptrend. A Potential Bull Run For Ether While the recent price increase and some on-chain metrics suggest a potential bull run for Ethereum, the conflicting signals from exchange reserves, whale behavior, and technical indicators make it difficult to predict with certainty. Featured image from Popular Mechanics, chart from TradingView
According to the Financial Times, the Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot Bitcoin (BTC) trading. The move aims to tap into the growing demand among Wall Street money managers seeking exposure to the crypto sector. The move marks a significant step for major Wall […]
In the latest Cointelegraph video, we explain how to set up a successful exit strategy in crypto using a few simple steps.
Livepeer CEO discusses how DePIN could help Bitcoin miners stay profitable post-halving by leveraging idle computing resources.
The post DePIN is a lifeline for Bitcoin miners, says Livepeer CEO appeared first on Crypto Briefing.
Bitcoin’s design contains a unique way of handling transactions through the Unspent Transaction Output (UTXO) model. While this model provides enhanced security and privacy compared to traditional account-based systems, it also presents challenges in efficiently managing one’s Bitcoin holdings. This article delves into the concept of UTXO management, its importance, and strategies to optimize transaction […]
The post Understanding Bitcoin UTXO management and its impact on transaction efficiency and privacy appeared first on CryptoSlate.
Sam Trabucco, who resigned as co-CEO of Alameda Research in August 2022, has largely remained absent from the public eye since the collapse of FTX.
Crypto analyst Javon Marks recently suggested that the Altcoin season might be imminent, and Ethereum might be the cause. As part of his analysis, the analyst predicted that Ethereum would likely kickstart the rally these crypto tokens are expected to record once the Altcoin season begins. Altcoins To Follow Ethereum’s Move Marks remarked in an […]
Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case. Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasn’t always made the smartest investment moves, having lost $6.1 million so far. Related Reading: Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges. However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH. Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coin’s price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin. Still Has Enough Bullish Momentum To Go Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the “mega meme cycle” and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coin’s price. Related Reading: How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coin’s ecosystem. PEPE’s price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin. Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPE’s price will benefit from ETH’s run when this happens. PEPE’s price is known to have some correlation with Ethereum’s and will most likely enjoy a significant rally as Ethereum’s price picks up. At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap. Chart from Tradingview.com
Series funding rounds have sprung back, albeit still remaining well below their all-time highs of $4.5 billion in monthly deals during the previous crypto market cycle.
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution.
First there was "The Bait." Then there was "Unblinding the block," followed by "The Search," and ultimately "The Propagation." U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment.
Quick Take The Bitcoin (BTC) Power-Law Model, coined by Giovanni Santostasi, provides a mathematical description of BTC’s price movements, revealing a power-law distribution on a log-log scale. This model proposes a relationship between time and price to anticipate BTC’s long-term price trajectory, indicating a robust historical correlation. However, its predictive capabilities for future price movements […]
The post Bitcoin power-law model projects $100K value before January 2025 appeared first on CryptoSlate.
The post SOL Potential Breakout Resistance, Ready To Jump Again? appeared first on Coinpedia Fintech News
Solana (SOL) price today soared above the $157 resistance trendline but ran out of steam with increased selling pressure and now seeking support above it. We may also see a potential retest sitting on the edge which is also a pullback support. With a sharp increase of 31.78% in 24-hour trading volume, the meme coin …
OpenAI’s voice assistant demolishes Google’s, plus why do AI’s lie… and should they date each other? GPT-porn and AI detectors: AI Eye.
Bitcoin regained the $66,000 level in the night between May 15 and May 16, recovering some of the losses it incurred in the past week. This spike substantially impacted the derivatives market, significantly influencing both open interest and trading volume. Futures open interest, which indicates the total value of outstanding futures contracts yet to be settled, […]
The post Derivatives saw spike in Open Interest and volume as Bitcoin broke $66k appeared first on CryptoSlate.
Bitcoin bulls are finding it increasingly difficult to preserve earlier gains, which came thanks to U.S. inflation numbers.
France's securities regulator has issued a renewed warning against crypto exchange Bybit, urging customers to “make arrangements for the eventuality that the platform [may] suddenly cease to provide services” to customers in France.
Cardano founder Charles Hoskinson recently stoked the excitement of the cryptocurrency world with a succinct yet evocative post on X stating, “Genesis is coming.” This proclamation was linked to an in-depth blog entry by Nicholas Frisby, a software engineer at IOHK, shedding light on the forthcoming Ouroboros Genesis protocol, a significant update aimed at enhancing […]
The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB/USD chart reveals a descending trend line where price has been rejected on every single daily close for the past two months. However, today’s price movements have led to a shift. The descending trend line that previously governed Shiba Inu’s downward trajectory has recently been breached, suggesting a potential reversal or at least a weakening of the bearish pressure. Renowned crypto analyst Cold Blooded Shiller remarked, “One of the commandments of memes is thou shalt always long the meme when the trendline snaps.” One of the commandments of memes is thou shalt always long the meme when the trendline snaps pic.twitter.com/iPDpuX46ZH — Cold Blooded Shiller (@ColdBloodShill) May 4, 2024 Prior to the breakout, he noted, “In 20IQ szn you’re looking for 20IQ entry signals. Breaking the trendline that has been respected on every single daily close for the past 2 months will be one of those. SHIB starting to tick.” Related Reading: Analyst Predicts Shiba Inu to Soar 50% Amidst Meme Coin Market Rise The shift is supported by the positioning of Exponential Moving Averages (EMAs); the 20-day EMA at approximately $0.00002238 and the 50-day EMA at $0.00002131 which were both breached with yesterday’s daily close. Further down, the 100-day and 200-day EMAs at around $0.00001831 serve as significant support zones, indicating strong buy levels should any major retracement occur. The interaction of price with these EMAs in the coming days will be crucial in determining the sustainability of the current breakout. The application of Fibonacci retracement from the recent peak to the trough are also illustrating a pivotal development for Shiba Inu’s price action. The 0.236 Fibonacci retracement level at $0.00002483, recently surpassed in yesterday’s trading session, now serves as a critical support in the short term. This level’s importance is accentuated by its role in confirming the legitimacy of the recent breakout from the descending trend line—a breakout that might otherwise be dismissed as a mere technical anomaly or ‘fakeout.’ Currently, a retest of this $0.00002483 level as support is underway. A closure of today’s daily candle above this mark would solidify the argument for a more sustained upward trajectory in SHIB’s price. Such a close would reinforce investor confidence that the breakout is genuine and that the market sentiment may be shifting more firmly to the bullish side. Related Reading: Shiba Inu Volume Flips Dogecoin, Will SHIB Price Flip DOGE If This Analyst’s Prediction Comes True? If SHIB’s price remains steadfast above this newfound support, the immediate subsequent target would be the $0.00002882 level, correlating with the 0.382 Fibonacci retracement. A breach of this resistance would likely set the stage for further gains towards $0.00003205 and $0.00003527, the 0.5 and 0.618 Fibonacci retracement levels, respectively. Reaching the 0.618 level, often referred to as the ‘golden ratio,’ could potentially yield a substantial 40% gain from current prices, offering a lucrative scenario for investors closely monitoring these technical cues. The heightened trading volume (+30% in the last 24 hours) underlines active participation in the market, crucial for supporting the legitimacy of the breakout. Alongside, the Relative Strength Index (RSI) at 55.05 indicates that the asset is neither overbought nor oversold, leaning towards a neutral to slightly bullish position. This provides room for upward movement without immediate concerns of entering overbought territory. Overall, with the recent breakout above the descending trend line, Shiba Inu’s price action invites a bullish outlook, suggesting that the downtrend may be losing its grip. The key for traders will be to watch for a daily close above $0.00002483. A confirmed hold above this level could pave the way for further ascents towards higher Fibonacci levels. Featured image from Shutterstock, chart from TradingView.com
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing.
Financial advisors seeking to navigate the crypto custody landscape must understand the full spectrum of crypto custody options, balancing innovation with risk management to optimize client portfolios.
Tornado Cash developer Alexey Pertsev has reportedly filed an appeal with the Dutch s-Hertogenbosch Court of Appeal following his recent conviction on money laundering charges. The appeal follows Pertsev’s May 14 sentencing to a 64-month prison term by a Dutch court. The court found him guilty of laundering approximately $1.2 billion through the Tornado Cash […]
The post Tornado Cash developer challenges conviction in Dutch court appeared first on CryptoSlate.
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.
The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.
The lack of Web3 gaming infrastructure remains the biggest hurdle for mainstream adoption, according to Param Labs' CEO.