Once more, North Korea has demonstrated its cyber prowess, possibly undermining international sanctions by using cryptocurrencies. According to a recent assessment by UN sanctions monitors, North Korea is suspected of using the Tornado Cash platform to launder a whopping $148 million that was taken from a cryptocurrency exchange in March. This event highlights how difficult […]
El Salvador currently holds 5,750 BTC worth $354 million, accumulated over three years.
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.
BTC price records will come thick and fast, BitQuant says — but no one can say when exactly Bitcoin will break to new all-time highs.
The post Contrasting AR Price Patterns Warns Sharper Moves Ahead! appeared first on Coinpedia Fintech News
With the altcoins awaiting a boost in a bullish trend, the underlying shift in sentiments results in interesting price patterns. The AR price action shows a bullish trend continuation in the daily chart, but the weekly chart contradicts it. Will the short-term reversal and the growing demand overcome the fate of the weekly chart? Can …
The post Why is the Real Altcoin Season Still Months Away? appeared first on Coinpedia Fintech News
The cryptocurrency industry has felt calm before anticipated storms in the coming weeks. Bitcoin’s (BTC) price briefly pumped above $63,000 in the past few days but has since stabilized around $62k on Wednesday. The altcoin industry is expected to register heightened volatility amid the high-impact news on the Consumer Price Index (CPI) from the United …
The post Ryan Salame Faces Sentencing in FTX Fraud Case: Defense Pleads for Leniency appeared first on Coinpedia Fintech News
After FTX founder Sam Bankman Fried was imprisoned, it is now the turn of the former executive to face his sentencing. Ryan Salame, the former CEO of FTX Digital Markets, a now-defunct FTX Ltd subsidiary, is facing a potential 18-month prison term for operating fraud through FTX in the Bahamas. However, his legal team has …
Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing.
The internet’s resident amphibian is back in the spotlight, but this time Pepe the Frog isn’t gracing troll forums – he’s maneuvering his way to the top of the cryptocurrency charts. PEPE, the meme coin named after the internet legend, is experiencing a historic surge, fueled by a potent mix of nostalgia and retail investor fervor. Related Reading: On A Tear: Toncoin Outshines Bitcoin With Price Surge And Social Buzz From Backwater To Bullfrog: PEPE’s Rise PEPE’s recent ascent is nothing short of meteoric. Trading volume has skyrocketed by an impressive 300% in the past 24 hours, with the price reaching an all-time high. This dramatic rise coincides with a resurgence in Gamestop (GME) stock, leading many to believe that the retail investor army of 2021 is back for round two, armed with meme coins as their weapon of choice. The return of Keith Gill, better known online as “Roaring Kitty,” has acted as a rallying cry for these digital warriors. Gill’s surprise post on his dormant Reddit account sent shockwaves through the market, reigniting the nostalgic flames of the original Gamestop saga. Analysts suggest this nostalgia has spilled over into the crypto market, sparking a full-blown meme coin craze. PEPE, already experiencing a steady climb since mid-April, has emerged as the unlikely champion of this digital meme menagerie. Whales Take A Dip In The Pepe Pond It’s not just the small-time investors driving the PEPE surge. Big money, or “whales” in crypto speak, are also diving headfirst into the frenzy. On-chain data reveals a whale recently splashing out a cool 1.86 million USDC for a whopping 195 billion PEPE tokens. Another whale scooped up a hefty 406 million PEPE, further propelling the price upwards. This guy spent 1.86M $USDC to buy 195B $PEPE 12 hours ago and has now made an unrealized profit of $236K.https://t.co/TSngBKN2yC pic.twitter.com/Oszxx3nIO2 — Lookonchain (@lookonchain) May 14, 2024 But Is It All Golden Memes And Rainbows? While PEPE’s current trajectory is a dream come true for early adopters, a cautionary tale lurks beneath the frothy surface. Meme coins are notorious for their wild volatility. Their value is often built on hype and fleeting internet trends, not robust financial fundamentals. This means a sudden shift in sentiment could trigger a dramatic price crash, leaving investors holding the Pepe bag. Related Reading: Bullish On Ethereum: Analyst Predicts Crypto’s Imminent Takeoff Furthermore, PEPE is a relatively new player in the crypto game, with an uncertain future. Unlike established cryptocurrencies, PEPE lacks a proven track record. Its long-term viability remains a question mark. Featured image from @GameStopPepe/X, chart from TradingView
Ripple is transitioning into a full-service digital asset custody provider, following its acquisition of Metaco, a Swiss-based leader in the sector, for $250 million in May 2023. This development represents a significant expansion of the fintech’s capabilities into the institutional crypto custody market—a segment that is expected to experience substantial growth over the next decade. […]
Quick Take Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $493.96 million. Together, these transactions summed up to approximately 16,000 Bitcoins, valued at nearly $1 billion, approximately $988 million, according to Arkham Intelligence. Verification of these transactions was provided by Glassnode […]
The post Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion appeared first on CryptoSlate.
The post Chainlink (LINK) Price Displays A Potential Breakdown! Hints 15% Drop Soon? appeared first on Coinpedia Fintech News
Amid increased price volatility in the crypto market, the LINK price continues to display a weak price action by recording a correction of 4.56% within the past day with a trading volume of $282.500 (+4.78%) during this time. Moreover, the Chainlink token has lost 7.01% within the last seven days and approximately 11% over the …
Robinhoods European crypto branch launched Solana staking, offering roughly 5% APY at launch, slightly below Coinbase.
The post Robinhood Crypto launches Solana staking with 5% APY for EU users appeared first on Crypto Briefing.
The post Pepe Coin Price Surge! Smart Investor Made Millions In Profit with 943% ROI appeared first on Coinpedia Fintech News
Pepe Coin, a rising star in the meme crypto market, has defied all expectations with a significant surge in value, showcasing a 12% surge with a PEPE coin trading at $0.00001136. Simultaneously, in the background of PEPE’s recent price rally, a whale known as Smart Money was noted to have been making profits of $14M …
The post BCH Price Near $400 Extends Buying Opportunity appeared first on Coinpedia Fintech News
With the broader market recovery taking early steps, the BCH price is near a crucial support level, which provides a buy-the-dip opportunity. The lack of bullish momentum delays the comeback rally in Bitcoin Cash, as Bitcoin stays volatile, close to $60,000. As the meme coin rally gains momentum, the sideline traders anticipate the altcoins will …
The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets.
The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some candidates and lawmakers have already addressed crypto, whether appealing to the industry or just commenting on the technology. The extent to which there is such a thing as a "crypto voter" remains unclear, but it is undeniable that there is a wave of attention directed at this industry.
Google boss Sundar Pichai unveiled that its AI model Gemini is getting put into a slew of the company’s products and services, including its flagship Search product.
In an interview with Yahoo Finance’s “Wealth,” Ric Edelman, founder of the Digital Assets Council of Financial Professionals and $291 billion asset manager Edelman Financial Services, provided a striking forecast for the Bitcoin price. Edelman argued that Bitcoin’s price could surge to $420,000, attributing this potential rise to a modest global asset allocation towards Bitcoin. Why Bitcoin Price Will Reach $420,000 During the interview, Edelman delved into the advantages of investing in Spot Bitcoin ETFs. He noted that these instruments make Bitcoin accessible in the same way as traditional ETFs, which are commonplace and familiar to investors using ordinary brokerage accounts. “They’re incredibly inexpensive, 20-25 basis points cheaper than going to say Coinbase or other crypto exchange and being in a brokerage account, you can rebalance, you can dollar cost average, you can tax loss harvest,” Edelman highlighted. This setup simplifies the investment process, making it akin to managing any other asset class, thus broadening its appeal to a wider audience. Related Reading: CPI Preview: Bitcoin Price Poised To Surge If Projections Hold True However, Edelman was also candid about the challenges and risks associated with Bitcoin. Despite the advantages offered by ETFs, the inherent nature of Bitcoin as a volatile and risky investment persists. “It’s still Bitcoin, which means it’s still very volatile, it’s still very risky. You could still lose everything,” he cautioned. Edelman pointed to ongoing regulatory uncertainty, potential lawsuits, and prevalent fraud as significant risks that investors need to manage cautiously. He also criticized the trend of investing due to fear of missing out (FOMO), labeling it as a poor investment rationale. Looking ahead, Edelman discussed the regulatory landscape, particularly concerning other cryptocurrencies like Ethereum. He noted that there are several applications pending for Ethereum ETFs, and while he anticipates initial rejections, approvals could follow by year’s end. Related Reading: Bitcoin, Ethereum, And Solana: Galaxy Digital CEO Predicts Next Market Movements “After you have the Bitcoin ETFs and the Ethereum ETFs, I’m not sure how quickly you’ll see anything else after that, but these two will kind of open the doors long term. Five years from now, there will be dozens, perhaps even hundreds of crypto ETFs,” Edelman speculated. This perspective underscores a significant shift towards mainstream acceptance and integration of cryptocurrencies into traditional financial products. Edelman’s prediction of Bitcoin reaching $420,000 is based on an assumption of global asset diversification. By his calculations, if all global asset holders allocated just 1% of their assets to Bitcoin, this would translate to a market cap of $7.4 trillion for Bitcoin alone. “It’s remarkably simple. If you take a look at the world’s global assets, the value of the stock market, globally, the bond market, the real estate market, the gold market, you just look at all the assets everybody in the world owns, it’s about $740 trillion,” he explained. Such an allocation would dramatically increase Bitcoin’s market cap, driving its price up significantly. Moreover, Edelman highlighted a shift in the perception of Bitcoin from a transactional currency to a store of value, similar to gold. “The use case of Bitcoin, although it’s strong for transmittal, is not the strongest argument. It’s now like gold, a store of value,” he stated. This perception shift has attracted more institutional investors, who view Bitcoin as a hedge or an alternative asset class, akin to other non-traditional investments like artwork or collectibles. At press time, BTC traded at $61,909. Featured image from Wealth Management, chart from TradingView.com
Bitcoin needs the high yield rate to fall as low as 6% if it wants to reach a "sustainable all-time high", says crypto analyst Timothy Peterson.
PEPE price is up over 10% and outpacing other meme coins. The price could continue to rise toward the $0.0000125 level in the near term. PEPE started a fresh increase above the $0.0000105 level. The price is now trading above $0.0000110 and the 100-hourly Simple Moving Average. There is a breakout pattern forming with resistance at $0.0000115 on the hourly chart of the PEPE/USD pair (data source from Kraken). The pair could rally further if there is a close above the $0.0000115 resistance. PEPE Price Surges Over 10% In the past few sessions, PEPE saw a steady increase above the $0.000010 resistance. It outpaced Bitcoin ,Ethereum, and MEME coins. There was a 10% increase, and the bulls were able to push the price above the $0.0000110 level. It traded as high as $0.00001148 and is currently consolidating gains. The price is holding gains above the 23.6% Fib retracement level of the upward move from the $0.00000959 swing low to the $0.00001148 high. It is also well above the $0.000011 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.0000115 level. There is also a breakout pattern forming with resistance at $0.0000115 on the hourly chart of the PEPE/USD pair. The first key resistance is near $0.00001155. A close above the $0.00001155 resistance zone could send the price higher. The next key resistance is near $0.000012. If the bulls remain in action above the $0.000012 resistance level, there could be a rally toward the $0.0000125 resistance. Any more gains might send the price toward the $0.0000132 resistance. Are Dips Limited? If PEPE fails to clear the $0.0000115 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.0000110 level. The next major support is at $0.0000105 or the 50% Fib retracement level of the upward move from the $0.00000959 swing low to the $0.00001148 high. If there is a downside break and a close below the $0.0000105 level, the price might accelerate lower. In the stated case, the price could even drop below the $0.000010 support zone. Technical Indicators Hourly MACD – The MACD for PEPE/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for PEPE/USD is now above the 60 level. Major Support Levels – $0.0000110 and $0.0000105. Major Resistance Levels – $0.0000115 and $0.0000120.
The post Bitcoin Analyst Predicts New Highs in Q4 2024 and Beyond, What’s Coming? appeared first on Coinpedia Fintech News
As the market shows signs of recovery from the crypto winter, all eyes are on Bitcoin, the pioneering cryptocurrency. Following a previous dip to $57,000, Bitcoin is now showing robust resilience around the $61,000 price level. Meanwhile, after observing such strong support crypto analyst Stockmoney Lizards predicts bitcoin price to surge to $100K by the …
The post Crypto Market Continues To Stumble As Bitcoin (BTC) Price Fails To Hold The $62K Mark! appeared first on Coinpedia Fintech News
Despite increased price volatility in the market, the BTC price repeatedly fails to hold its price above the $62K mark, highlighting a significant bearish influence in the crypto space. The price of Bitcoin has recorded a correction of $1,577.36 (-2.51%) within the past day. Currently, the star token is trading with a price tag of …
Nearly half of the one million new tokens launched since April 1 have been memecoins created on the Solana network.
BNB price is showing bearish signs below the $600 level. The price must settle above the $575 and $585 resistance levels to gain bullish momentum. BNB price started a fresh decline after it failed to clear the $600 resistance zone. The price is now trading below $585 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $575 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $585 resistance zone. BNB Price Dips Again After a decent increase, BNB price struggled near the $600 resistance. As a result, there was a bearish reaction below the $585 support, like Ethereum and Bitcoin. The price dipped below the $575 support and the 100 simple moving average (4 hours). It traded as low as $561 and is currently consolidating losses. There was a minor upward move above the $565 level. The price tested the 23.6% Fib retracement level of the downward move from the $600 swing high to the $561 low. It is now trading below $585 and the 100 simple moving average (4 hours). Immediate resistance is near the $575 level. There is also a key bearish trend line forming with resistance near $575 on the hourly chart of the BNB/USD pair. The next resistance sits near the $585 level or the 61.8% Fib retracement level of the downward move from the $600 swing high to the $561 low. A clear move above the $585 zone could send the price higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $650 resistance. Any more gains might call for a test of the $680 level in the coming days. More Losses? If BNB fails to clear the $575 resistance, it could continue to move down. Initial support on the downside is near the $560 level. The next major support is near the $550 level. The main support sits at $532. If there is a downside break below the $532 support, the price could drop toward the $510 support. Any more losses could initiate a larger decline toward the $500 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $565, $550, and $532. Major Resistance Levels – $575, $585, and $600.
In a new memo, Matt Hougan, Bitwise Chief Investment Officer Matt Hougan offered a detailed analysis of the early adopters of Bitcoin Exchange-Traded Funds (ETFs) based on 13F filings with the SEC. His insights underscore a significant embrace of Bitcoin ETFs by professional investment firms, heralding a potential shift in the landscape of BTC investments. […]
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.
The post Solana DEX Cypher Developer Admits to Stealing and Gambling Funds appeared first on Coinpedia Fintech News
Cypher, a decentralized exchange on the Solana blockchain, faced a security breach in August 2023, resulting in a nearly $1 million loss. Developer Hoak confessed on May 14, 2024, to stealing approximately $315,000 from Cypher’s funds and gambling them away. In his public statement on X, Hoak admitted to similar misconduct several times. This revelation …
The post El Salvador Mines 474 Bitcoins Using Volcanic Geothermal Energy appeared first on Coinpedia Fintech News
El Salvador has taken the lead in the world when it comes to pioneering Bitcoin. According to the latest reports, El Salvador has used geothermal energy from its Tecapa volcano to mine 474 Bitcoin and has added them to its reserves since 2021. Volcanic Power Fuels Bitcoin Mining Under the leadership of President Nayib Bukele, …
XRP price is struggling to clear the $0.5120 resistance. The price could decline again in the near term if it stays below $0.5060 and $0.5120. XRP is struggling to gain pace for a move above the $0.5120 level. The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $0.5040 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a decent increase if there is a close above the $0.5120 resistance. XRP Price Stuck Near $0.50 Yesterday, we discussed how XRP price started a recovery wave, like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. The price even moved above $0.5100, but the bears were active near the $0.5120 resistance. A high was formed at $0.5120 and the price is now correcting gains. There was a move below the 50% Fib retracement level of the upward move from the $0.4865 swing low to the $0.5120 high. The price is now trading below $0.5050 and the 100-hourly Simple Moving Average. However, the bulls are active above the 61.8% Fib retracement level of the upward move from the $0.4865 swing low to the $0.5120 high. Immediate resistance is near the $0.5040 level and the 100-hourly Simple Moving Average. There is also a short-term declining channel forming with resistance at $0.5040 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5060. A close above the $0.5060 resistance zone could send the price higher. The next key resistance is near $0.5120. If the bulls remain in action above the $0.5120 resistance level, there could be a rally toward the $0.5250 resistance. Any more gains might send the price toward the $0.5350 resistance. More Losses? If XRP fails to clear the $0.5040 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4965 level. The next major support is at $0.4925. If there is a downside break and a close below the $0.4925 level, the price might accelerate lower. In the stated case, the price could even drop below the $0.4865 support zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4965 and $0.4925. Major Resistance Levels – $0.5040 and $0.5120.