Month: August 2024

XRP Price Poised for Steady Rise: Can It Maintain Its Uptrend?

boss

XRP price is consolidating gains above the $0.5850 level. The price could start a major increase if it clears the $0.6150 resistance zone. XRP price is eyeing a fresh increase from the $0.5850 level. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6150 resistance zone. XRP Price Aims Higher XRP…

Bitcoin Advances Following Reports of RFK Jr. Withdrawal

One year ago, HashKey Capital forecast that ether liquid-staking derivatives would double from their August 2023 total value locked to $44 billion by August 2025. Halfway through, it looks like things are on track. The TVL of Ether LSDs hit $36.25 billion, with Lido claiming a 70% market share, according to data from DeFiLlama. Despite relatively stagnant ETH prices recently, demand for staking continues to rise, with the validator entry queue surging to an all-time high of around 7,400, HashKey Capital analysts wrote in a note to CoinDesk. “However, annualized…

XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

boss

Ripple’s XRP is on a rampage, breaking through a key resistance level of late. The move has analysts eyeing the crypto asset for a potentially big gain, with many, like Bret Hill, suggesting as such. Related Reading Meanwhile, Pastor Brandon Biggs is doing rounds on social media with his “prophetic” prediction of an “overnight” surge in the price of XRP. Against this backdrop, XRP is currently trading at the level of $0.603, which is a 4% in profit over the past 24 hours. Over a seven-day period, the digital asset…

Ethereum Price Ready to Climb if It Overcomes Key Resistance

Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,650. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,550…

Suspected DMM Bitcoin hackers move 500 BTC to new addresses

boss

A crypto address linked to the $305 million DMM Bitcoin hack in May has reportedly moved 500 Bitcoin, which have an estimated value of $30.4 million. According to PeckShield Alert, the suspected address first moved the Bitcoin (BTC) to two addresses, each receiving approximately 250 BTC.   The funds are suspected of being part of the 4,502.9 BTC stolen from the Japanese crypto exchange DMM Bitcoin in May. The stash was then valued at about $305 million, but it would be worth just north of $274 million at current rates. Soon after the attack,…

Hackers Exploit McDonald’s Instagram to Promote Fake Grimace Coin, Netting $700,000 in Solana

Hackers recently took control of McDonald’s official Instagram account to promote a fraudulent Grimace meme coin, successfully scamming users out of $700,000 in Solana. The attackers also compromised the personal X account of McDonald’s Senior Marketing Director to further spread the scam. Grimace Coin, originally created as a meme token inspired by a social media […] Source CryptoX Portal

Will The Market See A Bearish Shift?

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Evaluating the performance of UEEx in the crypto trading market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. UEEx, a fast-growing crypto trading platform, boasts over 1 million users across 110 countries, offering 230+ trading pairs and aiming to be the world’s top digital asset platform. UEEx is an up-and-coming trading platform that has gained considerable traction in recent years. Founded in 2021, UEEx has over 1 million registered users, presence in over 110 countries and features more than 230 trading pairs. With its commitment to becoming…

Hong Kong’s Crypto Licensing Faces Hurdles as 11 Exchanges Under Review

boss

Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges…