Day: August 7, 2024

BlackRock Plans Ethereum ETF Options, Files With SEC

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Texas sees surge in Bitcoin scams targeting residents

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Police in Lubbock, Texas, have reported a significant rise in Bitcoin-related scams, with numerous residents losing substantial amounts of money.  Over the past few months, between 20 and 30 individuals have approached the police with reports of scams involving gift cards and Bitcoin (BTC) transactions.  These scams predominantly target elderly individuals, deceiving them into believing their accounts are compromised and need verification. According to the Lubbock police, the scammers often instruct victims to write checks, withdraw money, and then deposit it into Bitcoin machines. 🚨🚨**SCAM ALERT**🚨🚨 The Lubbock Police Department…

Spot Ethereum ETFs record $98.4m inflows; Bitcoin ETFs shed $148.6m

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Spot Ethereum exchange-traded funds in the United States continued to see positive inflows this week, while spot Bitcoin ETFs experienced outflows for the second consecutive day. Data from Farside Investors revealed that the nine spot Ethereum ETFs had net inflows of $98.4 million on Tuesday, Aug. 6, more than double the inflows recorded the previous day. The bulk of these inflows, amounting to $109.9 million, were directed into BlackRock’s ETHA fund, pushing its total inflows past the $850 million mark. Fidelity’s FETH fund also saw significant inflows of $22.5 million.…

Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Token Price Tumbles 40%

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Solana (SOL) Bounces 30% Amid Market Recovery

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Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who shared their bullish predictions for the token. However, an analyst warned investors of a key level to watch out. Related Reading Solana Leads The Market Recovery As the crypto market recovers, Solana saw a massive 30% bounce from its lowest trading price of $110, registered on Monday. This performance crowned SOL the…

Stripe Partners With Bitstamp to Make Crypto Buying Easier for European Users

The fintech firm offers a customizable widget that developers can embed into their product to allow conversion of crypto and instant settlement of transactions. It currently supports multiple cryptocurrencies, including bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC). The widget won’t be available to U.K. customers, the two companies said in a press release. Source

Jack Mallers’ Strike Partners With Bitstamp to Make Crypto Buying Easier for European Users

The fintech firm offers a customizable widget that developers can embed into their product to allow conversion of crypto and instant settlement of transactions. It currently supports multiple cryptocurrencies, including bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), and USD Coin (USDC). The widget won’t be available to U.K. customers, the two companies said in a press release. Source

Solana Memecoins Jump as SOL Reverses Monday’s Rout on ETF Hopes

Solana network volumes more than doubled to over $3.3 billion from Monday’s $1.5 billion, banking in fees of at least $750,000 per day, DefiLlama data shows. Fees generated by Pump, a popular platform used to issue new memecoins on Solana, increased to $535,000 in the past 24 hours compared to under $300,000 on Monday – indicative of higher risk-on activity among traders. Source

Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown

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Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a concerning pattern has emerged on its 10-day chart.  Analysts Spot Bearish Signals According to technical analyst Ali Martinez, Bitcoin is forming a rising wedge pattern, a bearish continuation pattern often linked to further downtrends.  While BTC may climb as high as $57,000 at the…