Day: April 27, 2024

Bitcoin Primed For $77,000 Surge

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The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a…

Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank

In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC […] Source CryptoX Portal

How can blockchain projects give each other a helping hand?

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If there’s one thing to count on in the blockchain world, it is the support that is never something to count on. While it may seem like we’re entering a bull market filled with substantial institutional investment thanks to ETFs and real-world asset (RWA) tokenization, any blockchain veteran would be correct in feeling a tinge of anxiety. After all, it’s easy to remember the corporate exodus from…

Bitcoin Drops Below 4-Hour MA

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Following a pullback, the price of Bitcoin has continued on its downward movement. The coin, after failing to break above the 100-day Simple Moving Average (SMA) and the trend line has experienced a drop of over 6% from its previous high. Will the price of BTC continue to move in a downward direction or will it reverse and start moving in an upward direction? As of the time of writing, the price of BTC was trading around $62,972 which is about 28% down from its all-time high and was down…

Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik

According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […] Source CryptoX Portal

Bitcoin Raises Bull Flag, Formation Triggers Calls For $100,000

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A bull flag recently formed on the Bitcoin chart, raising the possibility of a trend reversal soon enough as the flagship crypto makes significant moves to the upside. This crypto analyst suggests that the crypto could rise to as high as $100,000 when it makes that move. Bitcoin’s Bull Flag Suggests More Upside Denis Baca, Head of Product at Zivoe Finance, noted that the bull flag formation on Bitcoin’s daily chart historically suggests that the crypto token is primed for more upsides. He added that the bullish pattern is “shaping…

Memecoin frenzy in numbers: the phenomena of 2024 pre-halving bull run

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For the second time in the crypto market history, memecoins spearhead the new bull run while demonstrating unprecedented growth. Some slam meme tokens for having “zero value” and being harmful to the industry, but others praise them for engaging communities and attracting new users to crypto. Meanwhile, the latest memecoin boom has sparked a surge in transaction volume in web3 wallets, defining new leaders in the crypto…

Fezoo Exchange presale explodes post-Bitcoin halving; Solana investors anticipate 20x returns

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The foremost crypto token, Bitcoin, continues to dominate and direct the market movement.  Since the halving, investors have renewed interest, anticipating a price explosion like the one that occurred shortly after the last halving in 2020. While several investors expect their holdings to explode, tokens such as Fezoo have shown every sign of price explosion right from presale with expectations of 20X return.  How is the crypto market responding…

Rebel Satoshi’s RECQ presale heats up; BNB and SOL target return to ATH

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi is a new meme coin on Ethereum with RBLZ and RECQ tokens. It aims to disrupt the market, offering staking, NFTs, and gaming.  The RBLZ presale had a 150% ROI, and the RECQ presale (Stage 1) surged 85% to $0.0037. Binance burned nearly 1.95 million BNB tokens worth $1.17 billion, aiming to reduce the total supply to 100 million. Such burns boost token value. BNB traded between…