Browsing: Cryptocurrency news

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The smartmoney on-chain analytical platform Lookonchain has informed the crypto community that PolyNetwork may be attacked. The gross sales of 94 billion SHIB for 360 ETH, 495 million COOK for 16 ETH, and 15 million RFuel for 27 ETH, according to Lookonchain, involved some erroneous transactions. Additionally, Lookonchain reported that hackers moved 1 ETH and cryptocurrency assets to new wallets, possibly with the intention of selling them. A layer 2 protocol on the Ethereum network, Metis DAO, also tweeted to support Lookonchain’s assertions. According to Metis, it is aware of the ongoing situation with Polybridge and in contact with the…

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An updated version of the well-known “redouble your Bitcoin” scam that targets DeFi users has gained popularity. Malefactors are currently seducing credulous consumers into staking crvUSD, a brand-new, highly awaited decentralized stablecoin from Curve Finance (CRV), which offers enormous payouts. Curve won’t increase your crvUSD deposits by 60%, sorry. Scammers started a significant Twitter marketing effort in the closing days of June 2023 that specifically targets the neighborhood of decentralized stablecoin holders. On behalf of the prestigious DeFi protocol Curve Finance (CRV), thieves unveiled a “mounted APR promotion”. On each crvUSD deposit made through their version of the Curve Finance…

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Customers are anticipating expert insights to guide their decision-making process as Bitcoin, Ethereum, Solana, and other cryptocurrencies continue to fluctuate. Notably, renowned cryptocurrency analyst and presenter of Invest Answers James Altucher has provided an in-depth market analysis, giving light on current and future crypto developments. Crypto Market Observations from Altucher Altucher stated that Solana is leading with a strong 989% progress, followed by Bitcoin at 85% and Ethereum at 55%, primarily based on year-to-date performances. Despite its prominence, Cardano trails behind at 11%. These figures, along with others, reflect an intriguing combination that makes purchasers wonder if it is unquestionably…

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There is one thing happening in America. The foundation of the American ideal is the guarantee of prosperity and security. But what happens if that dream doesn’t come true? The Silicon Valley Financial Institution ranks as one of America’s sixteen largest banks. Additionally, one of the biggest US financial collapses. So, join us as we learn why the US banking industry will collapse in 2023 and how Bitcoin will serve as the replacement currency. Historical Background of the US Banking Industry With hundreds of institutions and trillions in assets, the US banking industry has served as the backbone of the…

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Shiba Inu’s official content marketing expert, @LucieSHIB, has alerted Twitter users to a new SHIB rip-off account after the “Shibarmy Rip-off Alerts” profile (@susbarium) posted information about it on its website. The scammers are operating under the handle @ShibaInuHQ, and they offer a SHIB “giveaway” while directing customers to their website. The account attempts to mislead SHIB fans by identifying itself as the “Official Twitter Account for the Shiba Inu Ecosystem” and using an image from the SHIB Metaverse as the topic of the profile picture. With a “SHIB/BONE/LEASH” offer worth $30,000,000 to active Ethereum wallets, they are now courting…

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The Financial Institution of Italy emphasized the need for balance between regulation and innovation in the bitcoin market in a recent analytical report. The ramifications of the cryptocurrency winter, according to the research, provide a stronger argument for coverage action. However, it also points out that not all cryptocurrency-related activities and assets require monetary sector regulation, particularly when their issuance, trading, and holding don’t satisfy the financial needs of users for cost or investment purposes. The nature of decentralization is elusive, and central bankers admit that it is likely to be a myth in most cases. It will nevertheless offer…

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Merchants of XRP, Cardano (ADA), and Dogecoin (DOGE) now benefit from $0 transaction fees on Seattle-based cryptocurrency exchange Bittrex. This applies to the buying and selling pairings for the USDT. In a tweet, Bittrex announces that traders on its USDT markets, which also include BTC, ETH, ADA, DOGE, and XRP, can benefit from free buying and selling fees. It is noteworthy that Bittrex has chosen to enhance support for Cardano and XRP, which the SEC previously referred to as “securities” in legal proceedings. The SEC sued Ripple and two of its officials in December 2020, claiming that the gross sales…

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The online travel agency Various Airways accepts Shiba Inu, Bitcoin, Ethereum, and other cryptocurrencies supported by Binance Pay as payment for 600 airlines. In a recent tweet, Binance noted that cryptocurrency owners can now use cryptocurrencies to make travel reservations. It says that it has teamed up with Different Airways to give clients discounts on flight reservations made with Binance Pay. Customers can buy and book flights with more than 600 airlines using Various Airways, a global flight booking website that takes Binance Pay as a payment method. Additionally, the cryptocurrency payment service Binance Pay has partnered with Various Airlines…

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Famous companies are rushing to file applications to the U.S. Securities and Alternate Fee (SEC) in response of the current spike in interest in Bitcoin ETFs. This growing enthusiasm denotes a critical turning point in the development of Bitcoin funding options. Continue reading to find out about the most current changes to this region. The Battle for Bitcoin ETF Spots Famous companies including Constancy, WisdomTree, VanEck, ARK Make Investments, Galaxy/Invesco, and BlackRock have all submitted applications for spot Bitcoin ETFs in the past few weeks. These businesses have made the decision to launch a product that the SEC has previously…

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Famed crypto expert Egrag Crypto has attracted attention in the community of digital assets with his forecast of a significant increase in the price of XRP. According to his prediction, XRP might rise by an astounding 3,100% to $15 by the end of the year. Seeking the Breakthrough Egrag bases his assessment on what he regards to as the Bent Fork sample for XRP. In light of his fascinating discoveries, this sample may point to a significant development for XRP on either July 24 or September 25, 2023. Egrag has already acknowledged that determining the exact time of such a…

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After the bears forced the price back to the $30,500 level, the bitcoin price remains within the same range. Although the SEC claimed that the ETF filings are not satisfactory, market sentiment for the star cryptocurrency hasn’t been negative. However, the value continues to decline, and the reclaim exceeds $30,800. Consequently, this shows the decline in the bullish momentum for Bitcoin, which is why the price may stay in a long-lasting deep consolidation. The SEC’s replacement, which claimed that the ETF filings were inadequate in terms of readability and completeness, is blamed for the decrease in the value of BTC.…

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According to a recent tweet from Shibburn Explorer, the Shiba Inu community transferred a total of 1,653,845,435 SHIB meme funds to dead-end wallets last month. If the amount of SHIB burned over the past month seems relatively significant, daily burns are still fluctuating, frequently falling well below zero and engulfed in red. Shiba Inu burn fees showed a 1,800% increase on June 30 when 50,258,924 SHIB were locked in non-spendable pocket addresses. However, this week has only seen a few instances of the daily increase in SHIB burns. Leading developer Shytoshi Kusama sent out a few cryptic tweets in June…

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The U.S. Commodity Futures Trading Commission (CFTC) will hold a meeting at its headquarters where its internal advisory committee will discuss recent regulatory victories for decentralized autonomous organizations (DAOs) and the decentralized finance (DeFi) space. The convention, which is slated for July 18, will examine the effects and difficulties of those contemporary monetary trends. The CFTC Technology Advisory Committee, under the direction of Commissioner [name], has taken aggressive measures to address the growing impact of DeFi and its associated complexity. The committee will discuss “other DeFi-related issues, as well as decentralized financial models, such as the DAO, and the most…

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Sohrab is an enthusiastic writer of cryptocurrency-related information with more than 5 years of experience in the field. He continues to be eagerly curious in blockchain technology and its potential to transform the financial industry. Whether he is trading or writing, Sohrab always keeps a finger on the pulse of the cryptocurrency industry, drawing on his experience to produce enlightening and entertaining pieces that inspire and educate. Sohrab enjoys graphic design, minimal design, and listening to his favorite hip-hop music when he isn’t analyzing the markets.

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A strong foundation for a potential value bounce may have been found by XRP. When examining its most recent trading patterns, it becomes clear that XRP has been holding onto a crucial support level for more than 50 days: the 200-day exponential shifting common (EMA). The 200-day exponential moving average (EMA) is a widely accepted benchmark that traders use to assess the long-term trend of an asset’s value. It is more responsive to price changes because its calculations give more weight to recent information and less to previous information. Supply: TradingView XRP’s potential to hold above this EMA line is…

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In a remarkable turn of events, Vitalik Buterin, the co-founder of Ethereum, has declared support for Solana, a prominent rival in the blockchain space, despite an intensifying regulatory crackdown led by American regulators. Buterin made his comments during a Twitter conversation in which he openly stated his worry about the U.S. Securities and Trade Commission’s (SEC) close examination of blockchain projects. Buterin warned against celebrating Ethereum’s victory if it came about as a result of seeing competitors kicked off exchanges. He said of the other blockchain projects, “They don’t deserve it, and if Ethereum finally ends up’successing’ via all competing…

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Bittrex Fights SEC’s Lawsuit: A Fight Against Regulatory Overreach first appeared on cryptomuskn Fintech News. The global cryptocurrency exchange Bittrex and its creator William Shihara have taken a stand against the SEC’s complaint and refused to submit to a quick settlement. Despite closing its US operations, Bittrex retained prestigious law firms to defend its position. Bittrex contended that cryptocurrencies traded on secondary markets are not securities and that the SEC has overstepped its bounds. The agency’s audacious move is perceived as a response against the SEC’s regulatory overreach and has sparked discussion about the need for the cost to taxpayers…

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According to IntoTheBlock, Litecoin experienced a busy quarter in which it broke a record for transactions. In its quarterly update on Litecoin, IntoTheBlock notes that the network processed over 500,000 daily transactions for the first time during the quarter. It mentions that this is close to the number of daily Bitcoin transactions for May. In a fascinating quarter, Litecoin accomplished new milestones. The brand-new cryptocurrency exchange EDX Markets, which debuted last week and is backed by major Wall Street players Charles Schwab, Citadel Securities, and Constancy Digital Belongings, has chosen to only allow its merchants—institutional buyers—to begin trading with Bitcoin,…

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CryptoSlate Alpha: What is it? a web3 membership created to provide you with the most recent knowledge and insights. further instruction Participate using the Entry Protocol Entry Protocol is a paywall for web3 monetization. Customers that purchase ACS have access to pay-walled content. further instruction Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you agree to be bound by the terms and conditions of your third-party digital wallet provider as well as any applicable terms and conditions of the Entry Basis. Regarding the supply, entrance, usage, locking, security, integrity, worth, or legal standing of your ACS Tokens or…

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A recent bullish transfer was sparked by the cryptocurrency market! The potential to end the month-to-month trade on a high note manifest as the Bitcoin price continues to float over the crucial resistance level of $30,800. Alternately, Bitcoin’s dominance is steadily declining while the other altcoins are showing a strong increase. As a result, a change in prevailing patterns is seen in the crypto community, which will bring the different Altseason closer. Since the beginning of the month, the market dominance of BTC has increased and has risen from 47.28% to as high as 52.19%, levels last seen in May…

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