Day: August 11, 2024

Bitcoin Penetrating Mainstream Macro Capital Markets – What About Ethereum?

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Most large-cap cryptocurrencies, including Bitcoin and Ethereum, have not exactly lived up to the hype and promise in the second half of 2024. Investors saw the general market experience a negative start to the past week, with most assets shedding a significant portion of their value. Interestingly, this recent price action has offered a unique insight into the current state of the crypto market and its relationship with the macro capital markets. Spot Bitcoin ETFs Vs. Ethereum ETFs — Relative Impact? In a recent report, trading firm QCP Capital shared…

SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures

The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated in overstating the company’s financial performance and failing to disclose […] Source CryptoX Portal

Solana Epic Bull Run Is Just Starting

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In a major turnaround, Solana (SOL) has managed to bounce from a 6-month low of $109 to consolidate above the $150 mark in the past 24 hours, solidifying its status as one of the best performers in the market year-to-date. The recent market rally has breathed new life into Solana, but according to crypto analyst Miles Deutscher, this is just the beginning. In a detailed social media post, Deutscher revealed 10 reasons why he believes SOL is poised for a staggering 5x to 10x upside move, with the potential to…

Connecticut Police Recover $63,500 in Cryptocurrency Scam

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Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a Cheshire resident, involved the loss of over $68,000 in cryptocurrency through a fraudulent scheme offering new tokens. Utilizing blockchain […] Source

Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000

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Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a video posted on his YouTube channel that Bitcoin is at risk of dropping lower if it fails to hold above $62,000 heading into the Death Cross. Bitcoin had rallied to as high as $62,000 after recovering from its price crash below $50,000 on August 5. The rise to $62,000…

Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype

A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said. Cornell Professor’s Crypto Warning […] Source CryptoX Portal

Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5

Dogecoin has shown a remarkable recovery over the past five days after a significant downturn triggered by a broader market sell-off. During the first five days of August, the cryptocurrency experienced a sharp decline, plummeting by 38%, dropping from $0.1348 to a low of $0.0831. However, DOGE has demonstrated resilience in the face of these challenges. After hitting the $0.0831 mark, the cryptocurrency began to stage a notable comeback.  Over the last five days, DOGE has rebounded by approximately 25%, a recovery that has lifted its price significantly from its…

SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […] Source CryptoX Portal