Transak's wire transfer option could significantly boost crypto adoption in the US by offering a secure and familiar transaction method.
The post Transak debuts wire transfers for US crypto buyers appeared first on Crypto Briefing.
After a massive crash across the cryptocurrency landscape, the market is now recovering. Amid this price rebound, the recently launched Neiro Ethereum (NEIRO) meme coin has gained massive attention from crypto enthusiasts as it experiences a substantial price surge. NEIRO Ethereum skyrockets 45% Today on August 6, 2024, the NEIRO has seen a notable price …
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted.
As Bitcoin continues to experience notable price drop, popular economist and gold advocate, Peter Schiff, has expressed his insights on the recent downtrend, issuing a warning regarding its impact on the Spot Bitcoin Exchange-Traded Funds (ETFs), while predicting the products could reach new lows in the upcoming days. This negative perspective coincides with a pivotal […]
Leadership changes at Starknet Foundation may impact its strategic direction and community relations amid ongoing controversies and criticisms.
The post Diego Oliva resigns as CEO of Starknet Foundation appeared first on Crypto Briefing.
Pear Protocol founder HUF says “a limited pool of capital constantly rotating between narratives” is a clear sign of “late cycle behavior.”
XRP whales are taking advantage of the price downturn to accumulate more tokens. XRP recently bottomed out at $0.438 in the wake of an intense selloff in the wider crypto market, which saw the value of many cryptocurrencies drop sharply. This intense selloff resulted in a dramatic 20% decline in the price of XRP within a 24-hour timeframe. Despite this steep fall, on-chain transaction data reveals that some large holders, often referred to as ‘whales,’ remain undeterred. These investors are seizing the opportunity presented by the lower prices to accumulate more XRP on various exchanges. Whales Buy Millions Of XRP Recent data from the whale transaction tracker Whale Alerts reveals an intriguing accumulation pattern among XRP holders. Over the past 48 hours, Whale Alerts has noted multiple instances of substantial XRP transfers to and from various exchanges. The majority of these transfers involve moving significant amounts of XRP into private, unknown wallets from crypto exchanges. Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 The latest huge transaction recorded was the transfer of 26.69 million XRP tokens worth $13.6 million from the Binance exchange to a private wallet identified as “rhWj9g.” This transaction is part of a broader trend observed by Whale Alerts, which highlights a cumulative total of 157 million XRP tokens, worth approximately $75.16 million, being moved from crypto exchanges into private wallets over the past 24 hours. Interestingly, most of these transfers originated from Binance. Interestingly, the data also indicates a likely selloff transaction, where 31.7 million XRP tokens, valued at $15.1 million, were transferred into Bitstamp from a private wallet. This movement contrasts with the general trend of accumulation, suggesting not all whales are accumulating. Expanding the timeframe to the past 48 hours, Whale Alerts data reveals a cumulative accumulation of 228.54 million XRP tokens worth $108.78 million from crypto exchanges into private wallets. Quick Rebound For Price? This accumulation by whales could signal a future price recovery, as significant buy-ins from large holders often lead to market upswings. The strategic buying amid the price slump shows confidence that the current downturn is a temporary setback. Related Reading: Dogecoin Open Interest Sees Sharp 24% Drop, Where Does Price Go From Here? Recent price action saw the cryptocurrency fall from $0.653 to $0.438 in the space of five days, effectively canceling out the gains it made in July. This drastic price slump saw the cryptocurrency enter the oversold region on the Relative Strength Index (RSI). XRP has managed to recover some of its losses. The RSI indicator now reflects an increase in buying momentum, suggesting that investors are starting to re-enter the market. At the time of writing, the altcoin is trading at $0.5016, reflecting a 7.11% increase over the past 24 hours. This recovery has brought XRP back to a crucial multi-month resistance and support level around the $0.5 mark, a price point that has historically been both a floor and a ceiling for the cryptocurrency. This price point has proven to be a significant threshold, one that XRP has struggled to break away from for quite some time now. Featured image from CoinMarketCap, chart from TradingView.com
BTC price action has a habit of "filling" downside wicks within days or weeks, the Bitcoin daily chart shows.
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’
Ronin Bridge got exploited for a total of $12 M in funds today. The hacker withdrew around 4000 Ether and 2 million USDC. This is the maximum amount that can be withdrawn from the bridge in a single transaction. The bridge was paused as soon as the team learnt about this hack. The Ronin team …
The Bitcoin ETF from iShares saw a rough entry into the week with the asset down by 14% yet, according to market analysis — no one budged.
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.
Ripple has made a key announcement for XRP Ledger (XRPL) developers through a tweet on X. RippleX has announced plans for a testnet reset, which is scheduled for August 19, 2024, at 3 a.m. EST. RippleX’s Key Announcement For XRPL Developers! Ripple operates the testnet and devnet to allow the community to test new features …
Just days ago, Tim Walz, Harris’ VP pick, hovered at just 4% odds on the popular betting platform.
In the recent market crash, Bitcoin whales took the opportunity to add notable amounts of Bitcoin (BTC) the world’s biggest cryptocurrency in terms of market capitalization. On August 6, 2024, a prominent analyst made a post on X (previously Twitter) that in the last 48 hours, whales had accumulated over 30,000 BTC worth $1.62 billion. …
Walz has previously advocated for more stringent crypto regulations, to ensure the stability of the legacy financial system.
Uniswap (UNI) based on recent price movements has experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound which follows a period of bearish surge by the cryptocurrency has raised optimism among investors and traders as to whether the bulls can maintain this momentum and drive the price even higher. By offering insights and expert analysis, this article aims to provide readers with a comprehensive analysis of Uniswap’s recent 13% price rebound, which has pushed it above the $5.6 price mark. Additionally, it will assess the sustainability of the bullish momentum and evaluate whether the bulls can maintain control and drive UNI’s price higher. UNI is currently trading at around $5.77 and has increased by 13% with a market capitalization of over $3.4 billion and a trading volume of over $274 Million as of the time of writing. In the last 24 hours, the asset’s market cap has increased by 13.23%, while its trading volume has decreased by 13.55%. Technical Indicators: Signs Of Sustained Bullish Momentum For UNI Currently, the price of UNI on the 1-hour chart is bullish and is heading toward the 100-day Simple Moving Average (SMA). The digital asset has been on an upward spiral since breaking above the key level of $5.6, which indicates that the bulls are gaining control of the market and could drive the price higher. Additionally, an analysis of the 1-hour Composite Trend Oscillator reveals that the bulls are currently controlling the market. The signal line and its SMA have risen above the zero line and are approaching the overbought zone. This indicates that there is potential for the price to continue climbing higher. On the 4-hour, although Uniswap is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move toward the $6.7 resistance level. After the rebound at $4.8, UNI has been showing bullish resilience, thereby keeping its pace above this level. With this recent positive momentum, the digital asset could extend its rally to other resistance levels. Finally, on the 4-hour chart, the composite trend oscillator also indicates a rising bullish strength for the cryptocurrency as the signal has crossed above the SMA of the indicator and both are attempting to move out of the oversold zone. Expert Opinions: Will The Bulls Maintain Control? If the bulls can sustain their strength in the market, the price of UNI will continue to move upward toward the $6.7 resistance range. Should the price break and close above the $6.7 level, it may continue its rally toward the next resistance point at $8.7 and possibly other levels beyond. However, if Uniswap reverses its route at any of the previously mentioned resistance levels, it would begin to drop toward the direction of its previous support range at $5.6. When the price breaches this support level, it could signify a deeper bearish trend, leading to further price declines towards other lower levels. Featured image from Vectorstock, chart from Tradingview.com
Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto.
Vice President and Democratic nominee Kamala Harris has chosen Minnesota Governor Tim Walz to join her on the campaign trail.
Coffeezilla believes the lawsuit aims to “crush new investigations while taking revenge for the old ones.”
CoinDesk 20 sees a broad rally, with RNDR up 14.2% and SOL up 8.3%.
After the market’s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish. Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today. Helium Mobile Users Skyrocket, Bringing HNT Mainstream Since its launch in 2023, Helium Mobile continues to rise as one of the most mainstream crypto-base products in the market. With Helium’s entry into the telecom industry, its mobile arm has garnered 106,765 signups with a little under 15,000 hotspots deployed. This is huge. With Helium Mobile leveraging the network’s established web of hotspots around the globe may open more opportunities for the platform to establish itself within the retail space. As of writing, the Helium network boasts 380,629 hotspots, accounting for the total number of LoRaWAN and 5G devices. Mobile’s entry into the telecom industry was smoothened further by its Carrier Offload Program. The program enables users from different carriers to connect with Helium hotspots. As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots. With the average phone plan price in the United States becoming more expensive, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe. This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning. Messari’s recent overview of Helium shows that the network is currently experiencing strong growth in the burning of DCs, contributing to the network’s finances. HNT: Turning Point Or False Flag? Current market conditions are unpredictable. Market volatility increased because investors and traders realized they had overreacted to the market correction and interpreted it as a hint of further sell-off, creating a self-fulfilling prophecy. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss As of writing, HNT is back on top of its May levels which can sustain a small breakthrough towards $4.919. With the market’s current jitters, HNT bulls face market volatility coupled with strong market anxiety. But with the similar phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks. Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward. Featured image from Pexels, chart from TradingView
Problems seem to be isn’t ending anyway soon for the crypto market. First, the Japanese Bank raised its interest rate to 0.25%, up from 0% to 0.1%. Then, fears of a U.S. recession began to grow. Now, rising geopolitical tensions in the Middle East have escalated, with Hezbollah launching drone attacks on northern Israel. Hezbollah …
A single wallet sold $2 million worth of the token earlier Tuesday, causing market capitalization to fall from $55 million to as low as $2 million almost instantly.
The recent bearish move had shaken the entire crypto market, which was painted red throughout the day. Nevertheless, after reaching the lowest levels, the majority of the tokens, including Bitcoin & Ethereum, triggered a rebound, which revived the possibility of a recovery. However, the markets have turned green as most of them have recovered more …
As Solana (SOL) continues to experience fluctuations and market challenges, attention is shifting to a new cryptocurrency that’s capturing the interest of investors: Mpeppe (MPEPE). The presale of Mpeppe (MPEPE) has become a focal point for many, especially those who previously backed Solana (SOL)’s ICO. Here’s a closer look at why Solana (SOL) bulls are […]
As Ethereum (ETH) continues to drive innovation in the cryptocurrency space, a new player is emerging that’s catching the eye of ICO investors: Mpeppe (MPEPE). Built on the Ethereum (ETH) blockchain, Mpeppe (MPEPE) is capturing attention for its unique blend of sports enthusiasm, blockchain innovation, and meme culture. Here’s why Ethereum (ETH) ICO investors are […]
Solana (SOL) whales are making waves by investing in a new and exciting token—Mpeppe (MPEPE). Currently priced at $0.00107, Mpeppe (MPEPE) is catching the attention of high-profile investors and traders within the Solana (SOL) community. Here’s why this emerging cryptocurrency is attracting such significant interest and how it’s set to make a substantial impact. Mpeppe (MPEPE)’s Decentralized Finance (DeFi) Bridging DeFi and Sports Passion Mpeppe (MPEPE) is a unique decentralized finance (DeFi) coin that combines soccer and decentralized finance principles, offering features like staking, yield farming, and liquidity mining, providing significant value beyond speculative trading. DeFi Features Enhance Investment Opportunities By incorporating DeFi elements, Mpeppe (MPEPE) offers Solana (SOL) whales access to a wide array of financial services, including lending, borrowing, trading, and yield farming. This functionality not only increases the utility of Mpeppe (MPEPE) but also aligns with the broader trend of integrating DeFi into various blockchain projects. The promise of these advanced financial mechanisms makes Mpeppe (MPEPE) an attractive investment for those looking to diversify their portfolios. Strategic Community Building and Wealth Creation Fostering a Global Community with a Sports Focus Mpeppe (MPEPE) is more than a financial asset; it aims to create a vibrant community around the excitement of soccer and the potential of blockchain technology. This focus on community building and global engagement appeals to investors looking for projects with a strong social and cultural component. By uniting sports enthusiasts with blockchain innovation, Mpeppe (MPEPE) is setting the stage for significant community-driven growth and wealth creation. Wealth Creation Through Strategic Planning The Mpeppe (MPEPE) project is designed to foster creativity and drive positive change through strategic community planning. This approach not only helps in building a dedicated user base but also in creating real-world value. For Solana (SOL) whales, the opportunity to be part of a project that emphasizes both community and financial growth presents a compelling case for investment. Mpeppe (MPEPE)’s Potential for Future Growth Early Entry into a Promising Cryptocurrency Priced at just $0.00107, Mpeppe (MPEPE) represents a low-entry opportunity for investors looking to capitalize on potential future gains. The token’s current valuation, combined with its innovative features and community focus, makes it an appealing choice for those seeking to get in early on a promising new asset. As Mpeppe (MPEPE) continues to develop and gain traction, early investors stand to benefit from significant appreciation. Alignment with Market Trends Solana (SOL) whales are known for their strategic investments in emerging technologies and trends. Mpeppe (MPEPE)’s alignment with current market trends—such as the increasing integration of DeFi and the growing interest in meme culture—makes it a relevant and timely choice. The project’s unique blend of these elements positions it well for future success, adding to its attractiveness for seasoned investors. Conclusion: Why Mpeppe (MPEPE) is Capturing the Attention of Solana (SOL) Whales Solana (SOL) whales are attracting Mpeppe (MPEPE) due to its integration with DeFi protocols, focus on community building, and potential for future growth. The low price and potential for growth make it an attractive investment opportunity. As Mpeppe (MPEPE) continues to develop, it will significantly impact the cryptocurrency world, appealing to both Solana (SOL) enthusiasts and broader crypto investors. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The cryptocurrency market is in a state of flux as Solana (SOL) experiences a significant drop of 27.4%, while a new memecoin rival, Mpeppe (MPEPE), has seen an extraordinary gain of 310% in just a few weeks. This stark contrast highlights the dynamic nature of the crypto space and the rising prominence of Mpeppe (MPEPE). Here’s a closer look at the factors driving this shift and why Solana (SOL) investors are taking notice of this new player. Solana (SOL)’s Recent Struggles: A 27.4% Drop Market Dynamics Affecting Solana (SOL) Solana (SOL), once a shining star in the cryptocurrency universe, has recently faced a substantial decline of 27.4%. This drop has been influenced by various market dynamics, including macroeconomic factors, regulatory concerns, and shifting investor sentiments. Despite its robust technology and strong community, Solana (SOL)’s recent performance has raised questions about its short-term stability and long-term growth prospects. Impact of External Factors The decline in Solana (SOL)’s value can also be attributed to external factors affecting the broader crypto market. Fluctuations in investor confidence, changes in market regulations, and macroeconomic uncertainties have all played a role. As Solana (SOL) navigates these challenges, the broader market volatility continues to influence its price trajectory. The Appeal of Mpeppe (MPEPE): Why Solana (SOL) Investors Are Taking Notice Mpeppe (MPEPE)’s success is largely due to its unique blend of sports passion and blockchain innovation. By focusing on soccer and integrating DeFi protocols, Mpeppe (MPEPE) offers more than just financial transactions. It creates a platform for fans to engage, invest, and benefit from the growing intersection of sports and digital assets. This focus on community-building and strategic planning resonates strongly with investors looking for new opportunities in the crypto space. DeFi and Wealth Creation One of the key reasons for Mpeppe (MPEPE)’s rapid rise is its integration with decentralized finance (DeFi) protocols. By offering services such as lending, borrowing, and yield farming, Mpeppe (MPEPE) provides added value and functionality beyond what traditional memecoins offer. This approach not only enhances its appeal but also positions Mpeppe (MPEPE) as a serious contender in the crypto market. Conclusion: The Shifting Landscape of Crypto Investment The cryptocurrency market is experiencing a shift, with Solana (SOL) experiencing a 27.4% decline and Mpeppe (MPEPE) gaining 310%. Mpeppe (MPEPE)’s success is attributed to its innovative approach and strong community support. This highlights the potential for new cryptocurrencies to disrupt established ones and offer profit and engagement opportunities. The rise of Mpeppe (MPEPE) exemplifies how meme culture, community involvement, and innovative technology can create powerful new players. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Late Monday, the US Securities and Exchange Commission (SEC) submitted a memorandum to the Southern District Court of New York, pleading for the rejection of Coinbase’s (NASDAQ: COIN) extensive discovery demands, including personal crypto related emails by chairman Gary Gensler. The SEC characterizes these requests as “breathtakingly broad,” arguing that they are not only extraneous […]