Day: April 27, 2024

Bitcoin Sell Calls Going Through The Roof: But Is It Really Time To Sell?

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The story has not been any much different for Bitcoin, with its price still stuck in a consolidation range in the past week. The sluggishness of the premier cryptocurrency – and the general market – has continued despite the completion of the halving event over a week ago. The halving event, which saw mining rewards take a significant cut, was expected to usher in another round of bullishness for the Bitcoin price. On the contrary, investors appear to be getting frustrated with the slow activity of the market, with many…

CryptoQuant CEO defends Samourai Wallet founders

CryptoQuant CEO Ki Young Ju has voiced support for the founders of Samourai Wallet after their indictment by the U.S. Department of Justice for allegedly running a crypto mixing service implicated in laundering nearly $100 million. Ju has defended the crypto mixer‘s role in protecting user privacy and argued against the charges brought against the founders. In an April 25 X thread, Ju said, “The US DOJ has arrested pioneers in Bitcoin privacy technology. Privacy stands as a core value of Bitcoin. Mixing itself is not a crime. Even crypto…

Bitcoin Enters ‘Danger Zone’ Post-Halving, Analyst Warn of Potential Downside

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Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,  the digital asset’s price has declined by 6.49%, falling below the $63,000 price mark.  As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoin’s price fall and perhaps an insight into the future price movements of…

DeeStream’s growth potential attracts Chainlink and Cosmos investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DeeStream emerges as a leading presale opportunity, enticing Chainlink and Cosmos investors with its potential for huge gains. Chainlink was undoubtedly one of the stars in the last Bitcoin halving and bull market of 2020 and 2021, as was Cosmos. However, the narrative is changing in 2024 and 2025, and Chainlink and Cosmos are yesterday’s news. Neither is expected to retest their 2021 all-time highs in the next bull…

Leading analyst favors XRP as KangaMoon dominates the market and SOL drops

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Amid a bustling Bitcoin market, a bullish XRP prediction and rising interest in KangaMoon contrast with Solana’s disappointing price drop. With the current Bitcoin rush in the market, a prominent analyst’s recent XRP prediction has made headlines, suggesting that XRP could reach the $10 level. Similarly, another altcoin—KangaMoon (KANG) is gaining significant traction attracting whale’s attention. In…

DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing

The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed money transmitter and conspiring to violate sanctions law by creating and operating Tornado Cash, a crypto mixing service designed to anonymize transactions. North Korea’s Lazarus Group and other criminal entities have laundered funds through Tornado Cash, U.S. authorities have alleged. Source

Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns

The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred discussions among crypto enthusiasts and investors, with some seeing bank failures as a compelling […] Source CryptoX Portal

Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead

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In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around $2 billion daily, Forbes asserts that the token’s primary purpose…

Pepe price prediction for 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Arguably the contemporary face of meme coin culture, Pepe has displayed relentless strength since its 2023 inception. However, competition is heating up in the meme coin domain, so is Pepe still a buy? We answer this question today in our Pepe price prediction. Pepe could outperform the market in 2024 Pepe has displayed relative strength against almost every major crypto asset since its 2023 launch.  It is currently priced…

It’s Time To Swap Your Dollars For Bitcoin

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Billionaire investor Anthony Scaramucci, the founder of SkyBridge Capital, recently discussed the viability of financial assets. He took to X, a social media platform previously known as Twitter and owned by Elon Musk, to highlight the decreasing purchasing power of the United States dollar in comparison to the potential of Bitcoin (BTC). US Dollar Vs. Bitcoin Value Performance In the post on X, the SkyBridge Capital founder pointed out that a dollar from 2020 is now only worth about 75 cents, underscoring a significant devaluation due to inflation. According to…