Day: August 31, 2024

This TOP10 Crypto Exchange’s Revenue Collapsed by Over 70% in One Year

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After a record-breaking 2021, one of Europe’s oldest cryptocurrency exchanges experienced two consecutive years of significant unprofitability. The British branch of Luxembourg-based Bitstamp recently published its 2023 results, showing a revenue decline to just under €8 million and a net loss of €19.7 million. Bitstamp Limited, registered in the UK, emphasized in its report published this week in Companies House that the 70% year-over-year revenue drop from €29 million was “mainly driven by unfavorable market conditions and the reduction in trading volumes.” In 2021, the exchange achieved a record profit…

TIA Down 23% In A Week, As Investors Eye On-Chain Projects

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Washington Man Faces Charges in $64 Million Crypto Laundering Scheme

A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […] Source CryptoX Portal

UNI Rebounds To $5.5 – Will Bullish Momentum Push It Higher?

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Uniswap (UNI) has made a promising rebound to the $5.5 mark, sparking renewed optimism among investors and traders. With fresh momentum building, all eyes are on whether UNI can capitalize on this upward shift and push toward the next resistance level at $6.7. As anticipation grows, the battle between buyers and sellers will determine if this rebound marks the start of a stronger rally or if the resistance ahead will prove too challenging. This article aims to analyze UNI’s recent rebound to the $5.5 mark and assess whether the current…

Crypto whales are moving from Solana and XRP to this new crypto

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Top altcoins like Solana and XRP are fading as Rollblock, a new GambleFi gem, sparks excitement with a potential 100x gain. Stalwart altcoins that made the top crypto investment list years ago are only the second choice today. It’s not market volatility or instability. Crypto whales’ darlings like Solana and XRP simply maxed out their potential. The Solana price is just 47% away from ATH, and XRP is in…

Bitcoin Set For Further Losses As Data Points To Stormy September – Details

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According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last month, with a recorded monthly price decline of 10.64%. Interestingly, amidst this downtrend, the asset’s historical price data indicates that the bears may retain market control in the coming weeks. September Popular For Negative Returns, Analyst Says In an X post on Friday, renowned crypto analyst Ali Martinez has nudged Bitcoin…

Floki leads meme coin crash as dormant whale dumps 15b tokens

Floki token retreated sharply on Friday, Aug. 30, making it the worst-performing meme coin in the industry. Floki (FLOKI), the sixth-biggest meme coin, fell by over 20%, reaching a low of $0.00012, its lowest point since Aug. 21. It has dropped by over 23% from its highest point this week and by 64% from its highest point this year. Other meme coins like Bonk (BONK), Popcat (POPCAT), and Mog Coin (MOG) were down by over 10% on Aug. 21.  The main catalyst for Floki’s sell-off was the movement of 15.2…

Argentine President Javier Milei to Star in His Own Docuseries on X

Argentine President Javier Milei recently announced that a series documenting his rise to power will premiere on X. The six-part limited series, titled “Milei – The Series,” will showcase the process Milei underwent to reach the Argentine presidency. It will feature never-before-seen insider content recorded by director Santiago Oria, who is also responsible for the […] Source CryptoX Portal

Popcat price skids, yet open interest and charts indicate a rebound

Popcat, a top Solana meme coin, re-entered a bear market, falling by over 22% from its highest point this week.  The Popcat (POPCAT) token dropped to a low of $0.6098, its lowest level since Aug. 23, erasing most of the gains made earlier this month. This retreat gave it a market cap of over $608 million. Popcat’s futures open interest is stable Earlier this month, Popcat rose for seven consecutive days after Binance listed its futures, allowing users to trade it with up to 75x leverage. More exchanges like KuCoin…