Month: July 2024

Trump meme coins pop, Germany sells Bitcoin

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Among this past week’s top stories: The cryptocurrency market reacted after a gunman opened fire at a political rally, injuring former President Donald Trump; regulators dropped an investigation into Paxos; Germany emptied its Bitcoin (BTC) stash; and spot BTC exchange-traded funds (ETFs) recorded a recovery in net inflows. Trump meme coins boast double-digit growth The MAGA (TRUMP) coin’s market cap surged more than 14.7% over 24 hours. At the time of writing, it’s up over 30% and trading at $8.32 per unit. Other meme coins inspired by Ex-President Donald Trump…

Ethereum Bulls Gear Up For Recovery

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Ethereum (ETH) is gearing up for a price uptick as we begin a new week. Ethereum is currently trading at $3,195 and is up by 1.83% in the past 24 hours. Although Ethereum’s gains are part of a wider market rally after a rebound, the altcoin is in the best position to surge the most in the coming weeks. Related Reading Fundamentals point to an extended price surge in the face of a looming launch of Spot ETFs. Additionally, technical indications are pointing to a bullish outlook for Ethereum as…

Trump’s presidential odds soar to all-time high on Polymarket following assassination attempt

The likelihood of former U.S. President Donald Trump winning the upcoming U.S. presidential election has surged to a record high following a thwarted assassination attempt, according to bettors on the decentralized prediction market platform Polymarket. Trump, who was wounded during a rally shooting in Pennsylvania, saw his odds of winning the upcoming presidential election surge by approximately 10 points to 70% on Polymarket, a website that allows users to place bets on various events with cryptocurrency. Betting on Donal Trump winning the U.S. presidential election | Source: Polymarket A spokesperson…

Who’s Been Buying Up All The BTC Dumped By Germany?

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Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to some whales, as many of them jumped on…

Bitcoin Price To Return Above $63,000? Here’s What Needs To Happen

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The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a new post on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis for the Bitcoin price over the next few days. According to the crypto pundit, the flagship cryptocurrency seems to be…

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

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North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and […] Original

Exploring New Revenue Streams with Blockchain Payment Use Cases

Terrill Dicki Jul 14, 2024 04:56 Discover how blockchain technology is revolutionizing the payments sector, offering new revenue streams and efficiency gains for businesses. Blockchain technology is making significant strides in the payments sector, with some of the largest industry names adopting this innovation. According to Fireblocks, blockchain’s ability to facilitate the movement of value is comparable to traditional systems like SWIFT, SEPA, and FedNow, often surpassing them in efficiency. The question for payment businesses is no longer whether blockchain payments will…

Nigerian Judge to Rule on Binance Tax Evasion Case in October

Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register with the Federal Inland Revenue Service (FIRS). Binance’s lawyer Ayodele Omotilewa pleaded not guilty to […] Source CryptoX Portal

Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…