A major cryptocurrency exchange, Bybit, has announced a halt to its services in the French market. Starting August 2, it will cease their operations for the French nationals. It took the closure decision due to recent regulatory developments and stringent regulatory pressures from the Autorité des Marchés Financiers (AMF). Let’s explore what it means for …
The Republican nominee for US president pledged to commute Ross Ulbricht’s sentence, fire SEC Chair Gary Gensler, and have all Bitcoin mined in the United States.
Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]
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The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.
Genesis's large crypto movement and subsequent market dip highlight ongoing volatility and the broader impact of institutional actions on crypto stability.
The post Genesis moves $1.5 billion in BTC and ETH, Bitcoin dips 2.2% in one hour appeared first on Crypto Briefing.
The U.S.'s pursuit of Bitcoin mining dominance could offer a golden ticket to national renewal, with our projections suggesting it could contribute to $30.6 billion in GDP and 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
Quick Take Following a disappointing US jobs report, which revealed an unemployment spike to 4.3% and the addition of just 114,000 jobs, the Sahm Rule has been triggered, according to Head of Investment Strategy Liz Thomas at SoFi. Based on the unemployment rate, this indicator signals a recession is already underway if the unemployment rate, […]
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Morgan Stanley's move could accelerate Bitcoin's integration into traditional finance, potentially influencing other major banks to follow suit.
The post Morgan Stanley greenlights Bitcoin spot ETF offerings for wealth advisors appeared first on Crypto Briefing.
Crypto exchange Bybit will be withdrawing its services from France in response to regulations in the country. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French user’s accounts will also be restricted. In May, France’s financial regulator, Autorité des …
In this bearish market sentiment, short sellers are highly active and are creating more short positions compared to long buyers. This is the third consecutive day of this week where the overall market continues to experience downside momentum. Amid this selling pressure, short sellers believe that Ripple’s native token XRP won’t reach the $0.619 level, …
Peter Schiff, a well-known crypto skeptic, shared his thoughts on the large Bitcoin portfolio of the two market giants. MicroStrategy owns 226,500 BTC, while the IBIT ETF holds 343,387.46 BTC. Schiff suggests the companies may have to sell their BTC bags. Schuff’s new post suggests that MicroStrategy may be under pressure from creditors, who may …
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.
The stablecoin market has reached a significant milestone, soaring to a two-year high with market capitalization reaching $164 billion. This impressive growth has been driven primarily by Tether (USDT). Tether (USDT) currently dominates the stablecoin market, holding a commanding 70% share. Circle stablecoin USDC holds a 21% market share. Smaller players, including DAI, FDUSD, and …
The Ethereum price is constantly forming lower highs and lows, displaying the growing strength of the bears as market dynamics have lost their stability. Along with Bitcoin prices, Ethereum prices have also been slashed to some extent, while the bulls are trying hard to defend the lower support. Now that the trend has flipped in …
With the inclusion of Bitcoin rewards, Futu Securities aims to attract a new wave of investors.
Crypto analytics platforms can vary widely depending on various factors, including price, investment focus and tracking abilities.
The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.
Worldcoin, which once made headlines for its futuristic vision, is now at the center of turmoil. This time, conflict is making news, not innovation. Sam Altman of OpenAI’s cryptocurrency project is at the heart of this tempest as it struggles to accomplish its ambitious goal of a worldwide digital identification system. Related Reading: Bright Horizons […]
PEPE, one of the top meme coins in the crypto space, is currently at a crucial point as it approaches its long-standing bullish trend line. As the price draws near the bullish trend line, a break below it could signal a major shift in market sentiment, triggering a price draw down to the $0.00000766 mark. This article provides an in-depth analysis of the current price action, focusing on the bullish trend line. It examines whether a potential break below this line could drive the price to the critical support level at $0.00000766 or if a potential reversal is on the horizon. As of the time of writing, PEPE’s price has dropped by 5.10%, trading at approximately $0.00001005 in the past 24 hours. PEPE boasts a market capitalization exceeding $4.2 billion and a trading volume surpassing $821 million. The asset’s market cap has decreased by 5.32%, while its trading volume has increased by 35.01% in the past 24 hours. Technical Analysis: Current Market Sentiment For PEPE On the 4-hour chart, PEPE has demonstrated significant bearish momentum, with the price dropping below the 100-day Simple Moving Average (SMA) and the $0.00001152 support mark, signaling a potential bearish move toward the bullish trend line. A successful breach below this trend line could signal the start of a bearish trend for the cryptocurrency, potentially driving the price down to the next key support level at $0.00000766. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) signal line has dropped below 50% and is approaching 30%, which is considered the oversold zone. This movement indicates increasing bearish momentum and suggests that selling pressure is intensifying. Technical analysis on the 1-day chart reveals that, following the rejection at $0.00001313, PEPE has been on a bearish trajectory toward the bullish trend line, marked by the formation of multiple bearish candlesticks. Furthermore, the crypto asset’s price is trading below the 100-day SMA, suggesting a bearish market sentiment. The signal line of the 1-day RSI indicator has recently dropped below 50% and is moving toward the oversold zone, suggesting that the digital asset may continue its bearish trajectory below the 100-day SMA toward the bullish trend line. Navigating Potential Breakdowns And Bounces At The Trend Line PEPE is currently on a bearish path while approaching its long-standing bullish trend line. A successful break below this trend line could indicate the beginning of a bearish trend, potentially driving the asset toward the $0.00000766 support level and beyond. However, if PEPE bounces back at the bullish trend line, it could retrace towards its previous high of $0.00001152. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001313 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com
The skepticism towards an NFT resurgence may signal a shift in investor focus and priorities within the crypto market.
The post Only 19% of crypto investors expect an NFT comeback this cycle: CoinGecko appeared first on Crypto Briefing.
Ripple CTO David Schwartz recently took a stand against scammers attempting to deceive users on social media. Amid the buzz created by the Coinbase-centered discussion on X, some scammers wishing to capitalize on the moment took the chance to make their suggestions in the fake comments. The scammers suggested contacting Coinbase email support to resolve …
Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024. […]
The post Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023 appeared first on CryptoSlate.
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
Shiba Inu has experienced a staggering 625% surge in large holder inflows, signaling a wave of bullish sentiment among large players. Large Holders Inflow tracks the funds going into whale-owned addresses and may indicate significant buying activity. This might be because many of these addresses buy on centralized exchanges and transfer their purchases to cold …
The trading volume of derivatives on Cardano (ADA) has skyrocketed recently, recording a staggering 31% increase in the last 24 hours. The data reveals a turnover of $457.71 million in Cardano perpetual futures during the period under review. The trading volume on the spot markets for Cardano has also soared – 20% in 24 hours, …
Bitcoin faces traditionally challenging months while Japan sees stocks sell-off unmatched in nearly 40 years.
In this episode of Decentralized with Cointelegraph, we explore the origins, hype and future of the crypto space, with TIME magazine journalist Andrew Chow, ahead of his new book 'Cryptomania.’
Amid the ongoing crypto correction, led by Bitcoin (BTC), Coinbase Global Inc. (NASDAQ: COIN), the largest cryptocurrency exchange in the United States by registered users and daily average traded volume, has been forming a possible reversal pattern. Having risen to a local top around $272 last month, COIN shares have been trapped in a falling …
The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.