Day: July 30, 2024

Bitcoin and BTC mining pose promising future: analyst

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Institutional developments and remarks from Nashville cast a more bullish outlook for Bitcoin and BTC mining than before, says H.C. Wainwright & Co analysts. Bullish catalysts have lined up for Bitcoin (BTC) and the BTC mining industry as the U.S. may be poised to adopt the leading cryptocurrency nationally, HWC analyst Mike Colonnesse wrote in a weekly report on July 30. Republican candidate and former President Donald Trump outlined his crypto approach at the Bitcoin 2024 conference, including plans to create a government reserve with around $12 billion in BTC. …

BitClout Founder Charged With Wire Fraud, Civil Securities Charge

“As alleged in our complaint, Al-Naji attempted to evade the federal securities laws and defraud the investing public, mistakenly believing that ‘being “fake” decentralized generally confuses regulators and deters them from going after you,’” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement in a press release. “He is obviously wrong: as we have shown time and again, and as reflected in the SEC’s detailed allegations here, we are guided by economic realities, not cosmetic labels. The dedicated staff of the SEC uncovered Al-Naji’s lies and will now…

Bybit Launches Digital Rupee for Secure INR Payments

The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading platform, announced the introduction of the […] Source CryptoX Portal

Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

XRP price could have a ‘mega breakout’ soon, analyst says

Ripple price has held steady this week as crypto analysts predict a big comeback in the coming days. Ripple (XRP) was one of the top-performing cryptocurrencies on Tuesday as traders focused on the Bitcoin movements by the US government. Data by Arkham showed that the government moved Bitcoin worth $2 billion into a custodial account.  Therefore, Bitcoin price retreated from $70,000 to $66,000 as these movements brought memories of the recent selling by the German government, which liquidated coins worth $5 billion this month. The US is a bigger Bitcoin…

Blackrock’s IBIT Propels US Spot Bitcoin ETFs to $124M Inflows on Monday

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U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs […] Original

Altcoin season hopes rise as Bitcoin price forms a bullish pattern

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Crypto traders are bracing for the next altcoin season as Bitcoin forms an extremely bullish pattern on the weekly chart.  Bitcoin (BTC), the largest cryptocurrency by market cap, has formed a cup and handle chart pattern. This pattern is characterized by a rounded bottom forming the cup and either a consolidation or a pullback to form the handle. The upper part of this pattern was at $68,837, while the handle section has been forming since March this year. Importantly, it has formed a falling broadening wedge pattern in its handle…

US Ethereum ETFs See Fourth Straight Day of Outflows

According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven […] Source CryptoX Portal