Browsing: Cryptocurrency news

Despite varying returns, the Ethereum (ETH) community has closely followed the value movements of Bitcoin this year. On a weekly period, a golden cross between the 50 and 200 Transferring Averages (MA), which came after a brief loss of life cross last month, supports Ethereum’s bullish outlook. The fundamental elements present a unique story throughout the on-chain Ethereum ecosystem as technical analysis points to a potential rally in the upcoming weeks. Ethereum’s On-chain Basic Elements Tell a Totally Different Story With a market worth of over $222 billion, Ethereum is the most valuable digital asset. It is heavily influenced by…

It’s unusual for a cryptocurrency to announce a 2x return in this down market. However, Stacks (STX) was able to do this in June because to a few fortunate circumstances. Although the smart contract platform and Bitcoin (BTC) are closely related, many customers consider Stacks to be a better option for their wallet. While waiting, you can wonder where to invest your money to make a similar or even better purchase. A different funding platform, VC Spectra (SPCT), which is expected to experience an exceptional 10x rise, may provide a workable solution for early blockchain and technology start-ups. Since its…

Long-term investors appear undaunted by the market dynamics despite the price swings seen in Bitcoin and other cryptocurrencies. Even though they already have a sizeable holding in cryptocurrencies, institutional investors, in particular, continue to grow their portfolios. For instance, MicroStrategy frequently takes advantage of opportunities to enter the Bitcoin business. The corporation has purchased an additional 12,333 Bitcoins for a total cost of $347 million, with the price of one Bitcoin circling around the $30,345 mark. The company’s creator, Michael Saylor, recently tweeted about this information and highlighted the company’s continuous Bitcoin acquisition. 152,333 BTC are held by MicroStrategy. The…

Golteum has announced its admission into the Chainlink BUILD programmed. Golteum is a leading emerging decentralized finance (DeFi) platform that enables the purchasing and selling of valuable metals on the blockchain. A motivational factor for the widespread adoption of tokenized valuable metals funding on the blockchain is joining the fellowship. Even before its launch, Golteum has certain current events that give early adopters some options. Golteum is delighted to declare that it has officially joined the Chainlink BUILD programmed. Golteum hopes to accelerate the development of its ecosystem and the long-term adoption of physically precious metals on the blockchain by…

The blockchain monitoring organization Lookonchain stated in a tweet earlier today that over the course of the previous 24 hours, a whale withdrew more than $1.5 trillion Pepe (PEPE) from Binance. According to the post, the whale withdrew 1.93 trillion PEPE, or around $3.03 million, from the primary cryptocurrency market. According to Lookonchain, this whale apparently purchased 9,883 Binance Coins (BNB) at a loss of about $342K and 97,735 Chainlinks (LINK), estimated to be worth $592K, in order to enter into positions in PEPE and Ethereum (ETH). According to the agency, the whale purchased 1.93 trillion PEPE in addition to…

The newest launch of the digital asset index by ranking company Hong Kong Digital Asset Consortium (HKVAC) has caused controversy because the organization removed the major cryptocurrencies including SOL, AVAX, UNI, and ETC while included FTM and EOS. In response to the disagreement, HKVAC provided a guarantee that the business would rebalance the index by July 14 and take these cryptocurrencies into account. A post shared by Chinese-language cryptocurrency writer Colin Wu on his Twitter profile Wu Blockchain revealed light on KKVAc’s response to the ongoing debates around its digital asset index. Yesterday, the reporter announced on Twitter that the…

The native cryptocurrency of Binance, BNB, has recently seen a series of setbacks, losing a startling $10 billion market share since June 5. This sharp fall may be due to the SEC’s complaint against Binance, which accuses the exchange of offering an unregistered security. Regulatory issues unfortunately continue outside of the USA. The commerce has also faced difficulties from Belgium, the Netherlands, and France, adding to the strain that BNB is under. As a result, the token’s value has further decreased, raising concerns among investors and buyers about its future. The market value of BNB is currently $37 billion, down…

The post $11.3B in BTC, ETH, and USDT Found in OKX’s Eighth Proof of Reserves by OKX appeared first on cryptomuskn Fintech News. The second-largest cryptocurrency exchange, OKX, just published its eighth straight Proof of Reserves (PoR) report, showing balances of $11.3 billion in BTC, ETH, and USDT. The PoR discloses OKX’s reserve ratio above 100% for eight months and covers 22 digital properties. For increased security, the great bulk of reserves are kept in off-chain chilled storage. The current reserve ratios for BTC, ETH, and USDT are 103% (103% for each), further demonstrating OKX’s dependability and transparency in the…

In an intriguing turn of events, the Crypto Worry & Greed Index, which is sometimes regarded as a key market indicator, has once again flashed the symbol of “greed.” The index, which had previously been in neutral area, is now at 59, signaling a significant change in market mood. The last time this counter signaled, excluding the previous week, was in early May, at the height of the Pepe coin (PEPE) craze. This significant shift follows Bitcoin’s (BTC) stunning 1.5% daily increase, which drove the price of the leading cryptocurrency to $30,800. By CoinMarketCap, convert BTC to USD Over the…

Max Keiser, a proponent of Bitcoin and counsellor to the president of El Salvador, has sparked controversy once more in a tweet. Keiser declared a number of cryptocurrencies, including ETH, XRP, ADA, BNB, and hundreds of others, to be scams on Twitter. He didn’t stop there; he also mentioned NFTs in his caustic remark. But why did Keiser utter such bold statements? Keiser is known for taking an aggressive approach to altcoins and frequently criticizing them on social media. Except for Bitcoin, he has consistently referred to all coins as securities. He intensified his criticism by characterizing them as scams…

A legal framework expertly created by Singapore’s Financial Authority has made it easier for digital asset networks to operate there. It will primarily help with the construction of an open, interoperable community of digital assets. The research, titled Enabling Open & Interoperable Networks, was co-written by the consultants for the Financial institution of International Settlements. The members of the financial institution’s Committee on Cost & Market Infrastructure, or CPMI, are advisors who come from the same background. The foundation for digital asset networks was created with input from several financial institutions. The title is a component of MAS’s efforts to…

CoinTR Alternate aims to establish itself as one of Turkey’s top cryptocurrency exchanges by providing its users with a stable and simple-to-use platform. CoinTR Exchange has teamed up with Ziraat Bank and Vakf Bank, two state-owned banks in Turkey, to further increase the platform’s dependability and user experience. A number of cryptocurrencies can be bought and sold using the Turkish Lira on CoinTR, a cutting-edge cryptocurrency exchange. The site has attracted attention since September 2022 for its intuitive user interface, robust infrastructure, dependability, and high volume of buying and selling. The team behind CoinTR has extensive experience from major exchanges…

Sam Bankman-Fried, the creator of FTX.com and Alameda Analysis, is facing a serious setback in his legal defense when Judge Lewis Kaplan rejected his motion to dismiss or sever many of the charges in his thirteen-count legal indictment. Bankman-Fried, also known as SBF, is accused of operating cryptocurrency enterprises while committing an alleged multi-billion-dollar fraud. Choose Kaplan has upheld the fees against SBF that surfaced after his extradition from The Bahamas, including those that were added after extradition. SBF’s claims that the fees violated the “rule of specialty” were found to be without merit by Judge Kaplan, but they will…

In the wake of Nostr’s removal from the Apple AppStore, the team behind Damus, a popular social media app built on top of it, demands that Apple implement censorship-resistant, peer-to-peer payment methods and affirms that they will continue to support their platform on Android, the Internet, and desktop versions. Business executives and customers have been debating the current move by Apple to remove Damus from the AppStore in a strident manner. Despite Apple’s decision, Damus is planning to continue operations, tweeting that “nostr doesn’t care, lightning doesn’t care,” and “you cannot stop us.” The zaps ought to circulate. The app…

The U.S. Securities and Change Fee (SEC) lawsuit’s authorized defense team, which included attorney Clayton J. Masterman, has resigned. Although the consensus on the internet was that Masterman’s departure significantly hurt Ripple, crypto lawyer John Deaton thinks that the lawyer’s absence has no bearing on the outcome of the case. Earlier today, John Deaton announced the news of Masterson’s departure from Ripple’s authorized protection team on Twitter. According to the cryptocurrency attorney, the Ripple lawyer’s withdrawal was not cause for alarm. “Let me be clear: a lawyer’s withdrawal has no effect. It’s not a sign that the matter has been…

On Tuesday, SwissOne Capital established the first ecosystem fund to support developers, giving IOTA and Shimmer a boost. The fund, which is focused on IOTA and Shimmer, will invest financial resources in ecosystem developers. The fund will only contribute a minimum of 10,000 euros, or its equivalent in $MIOTA and $SMR. Steffen Bassler, the CEO of SwissOne Capital, said the following in a news release: “We’re thrilled to introduce this fund and give our customers early access to projects developing across the Shimmer and IOTA ecosystem. We believe that now is the ideal time to introduce a dedicated fund with…

A stellar smart contract blockchain called Injective (INJ) has captured the attention of the cryptocurrency community thanks to a strong gain of more than 442% over the past year. The platform’s position as a game-changer has been cemented by this increase, which has bucked the bearish tendency in the cryptocurrency market. With significant support from important cryptocurrency investors like Binance, Mark Cuban, Leap Crypto, and Pantera, Injective has become a hot topic in the market. Its ascent to prominence has also been aided by its tokenomics strategy, which includes the burning of 5.7 million INJ tokens and an annual fuel…

Chibi Finance, an arbitrum-based DeFi mission, vanished into thin air with $1 million in what a probable rug is reportedly pull. It is said that Chibi Finance, which recently moved solely to the Layer 2 community of Arbitrum, depleted its liquidity pool and vanished with 555 ethers (ETH). That amounts to nearly $1 million in person deposits at the current market rate. The most recent rug grabs from Chibi Finance The Chibi Finance team withdrew staked tokens by converting them to ETH and then sending them to the Ethereum community using the cryptocurrency mixing tool Twister Money, according to a…

The U.S. economy will see a blip, followed by a year of contraction, predicts HSBC. Additionally, the financial behemoth predicted that a recession in Europe will follow the U.S. economy’s downturn in 2024. Recession indicators are “flashing red” for multiple economies, according to HSBC’s asset manager’s mid-year assessment. The bank asserted that the bond and equities markets are not being adequately reflected in monetary and fiscal policies. The United States has been in a recession for some time, despite efforts by the Fed to control inflation. Why does HSBC anticipate a U.S. recession? Joseph Little, the global chief strategist, claims…