Month: October 2024

Bitcoin Price Analysis: The 2 Most Probable Scenarios For BTC in the Short Term
Daily Crypto News

Bitcoin Price Analysis: The 2 Most Probable Scenarios For BTC in the Short Term

Bitcoin’s cost stays in a state of indecision, restricted within a tight debt consolidation variety bounded by the 100-day and 200-day moving averages. An upcoming breakout from this variety will likely identify the possession’s short-term instructions. Technical Analysis By Shayan The Daily Chart Bitcoin has actually been stuck in a multi-month debt consolidation in between…

Render Token (RNDR) Price Momentum Slows as AI Coins Gain Market Share
Daily Crypto News

Render Token (RNDR) Price Momentum Slows as AI Coins Gain Market Share

Render (RNDR) cost has actually risen by 26% over the recently, developing it as an essential gamer in the thriving crypto AI sector. Regardless of this strong rate development, RNDR is lagging behind its leading rivals in crucial metrics like social supremacy and trading volume. Tokens such as FET, TAO, and WLD have actually recorded…

Canada’s CBDC Departure Risks Web3’s Interoperable Future
Daily Crypto News

Canada’s CBDC Departure Risks Web3’s Interoperable Future

Much of the world’s reserve banks are years into establishing reserve bank digital currencies (CBDCs). Per the Bank of International Settlements (BIS), 94% of the world’s reserve banks are actively dealing with CBDCs, while 19 of the G20 countries remained in sophisticated phases of CBDC advancement prior to this month. Current federal government choices recommend…

Stablecoin Liquidity is Increasing, What Does This Mean? (CryptoQuant)
Daily Crypto News

Stablecoin Liquidity is Increasing, What Does This Mean? (CryptoQuant)

Stablecoin characteristics are flashing favorable, reaching record highs and improving liquidity within the crypto market. As historic information programs, this is excellent news for bitcoin (BTC) and the whole crypto market since more liquidity frequently associates with greater rates. A current CryptoQuant report exposed that the overall market capitalization of significant USD-backed stablecoins now stands…

BlackRock Bitcoin Stash Nears 370,000 BTC, Closes In on Binance
Daily Crypto News

BlackRock Bitcoin Stash Nears 370,000 BTC, Closes In on Binance

BlackRock stays stable with its Bitcoin build-up hunger, growing its portfolio to 363,626 BTC since Friday, September 27. The property supervisor has actually been bullish on crypto for almost a years and does disappoint indications of stopping. As it grows its Bitcoin holdings, BlackRock is strengthening its location amongst the most dominant institutional gamers in…

Ripple Price Analysis: Is XRP Headed to $0.5 or $0.6 Next?
Daily Crypto News

Ripple Price Analysis: Is XRP Headed to $0.5 or $0.6 Next?

Ripple just recently dealt with considerable selling pressure after being declined at the crucial $0.65 resistance level. This led to a 23% rate drop, breaking listed below the 100– and 200-day moving averages. This cost action mean a prospective drop extension towards the $0.5 mark. By Shayan The Daily Chart Ripple just recently came across…

Crypto Wallet Suffers $32 Million Loss in spWETH Due to Phishing Scam
Daily Crypto News

Crypto Wallet Suffers $32 Million Loss in spWETH Due to Phishing Scam

On September 28, the Web3 anti-scam platform ScamSniffer reported that a wallet holding 12,083 spWETH, worth $32.43 million, got drained pipes. This occurrence happened at 06:15 UTC after the wallet owner signed a “license” phishing signature. Who Owns the Wallet Behind the $32 Million Phishing Scam? The wallet, flagged by Arkham Intelligence, is presumed to…

GraFun, Supported by Floki and DWF Labs, Brings Memecoin Frenzy to BNB Chain
Daily Crypto News

GraFun, Supported by Floki and DWF Labs, Brings Memecoin Frenzy to BNB Chain

GraFun, a brand-new memecoin launchpad and trading platform on the BNB Chain, is set to release on September 27, 2024, at 11 am UTC. It presents a “Fair Curve” system focused on promoting reasonable launches and long-lasting financial investment in memecoins. GraFun has actually amassed assistance from substantial gamers in the crypto environment, consisting of…

86-Year-Old Gets 5 Years Probation for $15M Crypto Ponzi Scheme
Daily Crypto News

86-Year-Old Gets 5 Years Probation for $15M Crypto Ponzi Scheme

An 86-year-old previous lawyer, David Kagel, has actually been sentenced to 5 years of probation for arranging a multimillion-dollar cryptocurrency Ponzi plan that defrauded financiers out of almost $15 million. The judgment, submitted on October 8 in a Las Vegas federal court, likewise needs him to pay $14 million in restitution to his victims. U.S….

Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More
Daily Crypto News

Asia & MENA Crypto Roundup: Dubai’s New Ads Rule, Worldcoin Fined $800,000 in Korea, and More

Today’s roundup highlights regulative tightening up and developments in the crypto sector throughout Asia and MENA. Dubai’s regulator carries out brand-new crypto marketing guidelines, which will work since October 1, 2024. In South Korea, Worldcoin was fined $830,000 for breaching information personal privacy laws, especially by gathering delicate biometric information. With regulative authorities stepping up…