“The rebound in Bitcoin price shows the market has a more optimistic outlook in the near-term macro environment,” shared Lucy Hu, senior analyst at Metalpha, in a Wednesday message to CoinDesk. “The market was encouraged by Trump’s vice president pick, which indicates a more crypto-friendly administration and policies.” Original
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Arguably closer to real world scenarios, the Bermuda-based XBTO has been working on mid-tier corporate debt issuances, including two instances of tokenized debt, or “senior e-notes,” by boutique airline BermudAir. In the coming weeks, hemp and CBD producer AgroRef is also launching an e-note on XBTO. Source
Are current market conditions, including spot Ethereum ETFs and Bitcoin volatility, pointing towards an imminent altcoin season? Read on. In recent weeks, the crypto market has experienced critical shifts, keeping everyone on edge. The turmoil began when the defunct Mt. Gox exchange started repaying its creditors, causing a sharp drop in Bitcoin (BTC) prices and triggering widespread panic, fueling speculation that the bull run might be over. Adding to the uncertainty, the German government initiated a large-scale sell-off of its crypto holdings, pushing BTC prices down further to around $53,700…
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently at a level that could suggest BTC to be underpriced. Bitcoin NVT Golden Cross Has Been Inside Oversold Region Recently As explained by an analyst in a CryptoQuant Quicktake post, the cryptocurrency could enter into a recovery phase based on the NVT Golden Cross reading. The “NVT ratio” is an indicator that keeps track of the ratio between the Bitcoin market cap and the network’s transaction volume (both in USD). When the value of this metric…
“Today, Guo’s schemes have been put to an end. Moments ago, a unanimous jury found Miles Guo guilty of racketeering conspiracy and various securities fraud, wire fraud, and money laundering charges. He faces decades in prison,” U.S. Attorney Damian Williams said in a statement. Source
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BNB price started a steady increase above the $550 resistance. The price is now consolidating and might aim for more gains above $585. BNB price started a decent upward move from the $500 support zone. The price is now trading above $550 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $572 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its increase if it clears the $588 resistance in the near term. BNB Price…
Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Related Reading Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2…
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some of Williams’ alleged crimes involve the use of cryptocurrency […] Source