Month: August 2024

XRP Price Set To Breakout: Will It Trigger A Strong Rally?

boss

XRP price is consolidating gains above the $0.5550 level. The price could gain bullish momentum if it clears the $0.580 resistance zone. XRP price is eyeing a fresh increase from the $0.5620 level. The price is now trading above $0.5680 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $0.5630 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Holds Uptrend Support XRP price…

Indian investor kidnaps BitConnect employees to recover losses

An Indian man allegedly kidnapped two men involved with the $2.4 billion BitConnect Ponzi scheme to recover losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token circulated as the platform’s native cryptocurrency, and according to a statement from the Indian Enforcement Directorate, Bhatt, along with his accomplices, kidnapped two employees of BitConnect founder Satish Kumbhani to recoup losses via ransom payments. Introduced in 2016, the BitConnect Ponzi scheme disguised as a high-yield investment program, where investors were tricked into acquiring BitConnect Coins and lending them with the…

Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?

boss

Shiba Inu (SHIB) may be gearing up for a massive spike as cryptocurrency analysts are divided on what could come next. Javon Marks, one popular social media member in the crypto-verse, has taken to X, formerly known as Twitter, with some very bullish comments that SHIB is on the brink of a major breakout. Related Reading According to Marks, a serious price pattern has been forming that suggests SHIB could be getting ready for an explosive move higher. At the same time, though, another analyst, Alan Santana, suggests this current…

Australia’s ASIC takes down over 600 crypto scam websites in yearlong operation

Australia’s securities regulator says over 8% of the scam websites it took down in 2023 were focused on crypto investments only. The Australian Securities & Investments Commission has published a report, marking the first anniversary of its investment scam disruption initiative by announcing the removal of thousands of phishing and investment scam websites. In an Aug. 19 press release, ASIC revealed that since July 2023, it has coordinated the takedown of more than 7,300 phishing websites, 5,530 of which were fake investment platforms, while 1,065 were phishing scam links, and…

Shaquille O’Neal Will Have to Defend Some of the Allegations in the Astrals NFT Class Action Suit

The case alleged that O’Neal acted as the face of Astrals urging investors to “[h]op on the wave before its too late.” Even when cryptocurrency exchange FTX collapsed in November 2022, O’Neal sent out a graphics interchange format (GIF) on the community message board Discord, from The Wolf of Wall Street that read, “I’m not F***ing Leaving,” the court document said. The lawsuit alleged that O’Neal fled the project after that and “the value of Astrals financial products plummeted.” Source

Can ETH Bounce Back From $2,550?

boss

Ethereum price started a pullback from the $2,680 resistance. ETH is now declining and remains at risk of more downsides if it fails to stay above $2,550. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it drops below the $2,550 support zone. Ethereum Price Shows Signs of Weakness Ethereum…

Bitcoin Price Trims Gains: Is The Recovery Losing Steam?

boss

Bitcoin price started a fresh decline from the $60,000 resistance zone. BTC is now moving lower and might test the $57,650 support zone. Bitcoin started a fresh decline from the $60,000 resistance zone. The price is trading below $58,800 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $59,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it stays above the $57,650 zone. Bitcoin Price Dips Again…

Investigating Innovation on Berachain – CryptoX

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Ollie of Blocmates answers many questions about Berachain, including what it is, why you should care, and what you should be paying attention […] Source CryptoX Portal

Crypto Exchanges Flocking Towards Turkey: Coinbase, KuCoin Apply for Licence

boss

Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye. Top Companies Seek Turkish Licence First published on August 9, the list included 47 names of cryptocurrency companies. However, it was later updated to add more names, bringing the total to 76. “The list published here has been created to inform the public about the organisations that declared that they will operate in accordance with the Temporary…