Day: July 2, 2024

‘Roaring Kitty’ faces class-action lawsuit over alleged GameStop stock manipulation

Keith Gill, popularly known as “Roaring Kitty” on X, is facing a class-action lawsuit over his alleged involvement in a “pump-and-dump” scheme linked to his social media posts about GameStop. The lawsuit, filed on June 28 in the United States Eastern District of New York, accuses Gill of using his influential social presence to manipulate GameStop’s stock price between May and June. The complaint accuses Gill of participating in a pump-and-dump scam by discreetly purchasing a large number of GameStop call options prior to his May 12 meme post, which…

Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag

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The knitted-hat-wearing canine of the crypto world, Dogwifhat (WIF), is back in the spotlight. After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. WIF price action. Source: CoinGecko Related Reading Wags And Trades: A Market Rejuvenated The rally has been fueled by a potent cocktail of factors. Renewed interest from traders on both Spot and Derivatives markets has seen WIF’s daily trading volume explode, surpassing a staggering $507 million. This surge in liquidity…

Tokenization might not be as big in 2030 as you think. Here’s why

It took almost nine years for Bitcoin to hit $10,000 for the first time, and a little over 12 years to crack $50,000. McKinsey argues patience will be needed with tokenization, too. There’s been no shortage of excitement about how the tokenization of real-world assets can change the world as we know it. One report by 21.co, published last October, enthusiastically predicted that this market will be worth $10 trillion by 2030 — and a still-impressive $3.5 trillion in the worst-case scenario. This has been coupled with dizzying amounts of…

Can DOGE Price Kick Off a New Climb?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level

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Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting much lower figures than anticipated. Crypto Analyst Calls Out Possible Bitcoin Crash To $35,000 In a new analysis of the Bitcoin price, crypto analyst Alan Santana has predicted a possible…

XRP Price Maintains Support Level: What It Means For The Bulls

XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4840 resistance. XRP Price…

Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, and several employees of the Paraguayan power company were allegedly involved in illegal bitcoin mining operations. […] Original