Month: August 2024

Can Solana Replicate Ethereum’s Run To Reach $1,000? Expert Answers

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A crypto market expert has expressed bullish optimism for Solana (SOL), predicting that the cryptocurrency is currently on track to replicate Ethereum’s historical rise to new highs. As a result, the expert foresees SOL hitting new all-time highs of $1,000 this bullish cycle.  Solana Sets Sights On $1,000 On August 12, a crypto analyst identified as ‘Kaleo’ on X (formerly Twitter) shared his optimistic expectations for Solana’s future outlook during this bull market. Kaleo observes that the Solana’s price chart was currently replicating a pattern previously seen in Ethereum in…

Binance Goes Live in India: Full Access for Indian Users

Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline

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The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced a 150% surge in trading volume in the 24 hours, amounting to approximately $477 million. Related Reading CoinGecko’s data also corroborates this trend, revealing a substantial 67% increase in Cardano’s trading volume compared to the…

Dubai Court Recognizes Cryptocurrency for Salary Payments

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In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected […] Source

Donald Trump announces pro-crypto transition team

More crypto parallels between a potential Donald Trump and Kamala Harris administration emerged after assessing their advisors. Republican presidential candidate Donald Trump named several pro-crypto figures to his transition team ahead of a possible second White House term. While it’s procedural to name key staff members ahead of an election, Trump’s pro-crypto team may have bolstered his appeal to the community. Trump announced that Cantor Fitzgerald CEO Howard Lutnick and America First Policy Institute chair Linda McMahon would be team co-chairs.  Lutnick is a public Bitcoin supporter and spoke at…

Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift

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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…

Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard

Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […] Source CryptoX Portal

Dormant Bitcoin wallet from 2014 moves BTC worth $10.2m

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A Bitcoin wallet that has been dormant since 2014 suddenly woke up and moved over 174 bitcoins worth more than $102 million. Blockchain data showed that the Bitcoin (BTC) wallet that received 174.88 BTC on Jan. 8, 2014, moved funds for the first time on Aug. 16, 2024. The transfer comes after a decade, during which Bitcoin’s price soared to highs of $73,000 before retreating to current levels. Transaction cost While BTC’s initial value was nearly $142,000 in 2014, the staggering gains the flagship cryptocurrency has seen since mean that…

Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target

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Litecoin (LTC) is making a strong comeback as a bullish reversal takes place, setting the stage for a potential move toward the $76.85 target. After bouncing off a critical support level, Litecoin has regained upward momentum, signaling renewed optimism among market traders. Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level.  As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action.…

Hedge Funds and Brokerages Dominate Bitcoin Assets, Coinshares 13F Filing Analysis Shows

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A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […] Original