Day: September 17, 2024

Funding Rates Hit New 2024 Lows—Is A Rally Still Possible?

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…

TaskBunny Releases Its Meme Token with Real Utility and Unstoppable Viral Power

PRESS RELEASE. Dubai, UAE – September 17, 2024 – TaskBunny is excited to announce its official launch and introduce a game-changing feature, the Proof of Post. The company proudly presents the world’s first meme token with tangible utility. It has been designed to promote viral engagement and reward community involvement. TaskBunny is ready to modify […] Source CryptoX Portal

Could Altcoins Be At Risk?

boss

Este artículo también está disponible en español. Today’s Ethereum-Bitcoin (ETH/BTC) trading pair slid below 0.04, a level last seen in April 2021. The declining ETH/BTC ratio could have multiple implications for the wider altcoin market. Altcoins Might Suffer Due To Weak Ethereum One of the key indicators to gauge the resiliency of the altcoin market is the ETH/BTC ratio. The ratio essentially tracks the relative price strength of Ethereum against Bitcoin and is widely considered a metric that could indicate the future potential price action of altcoins. As of September…

Gold looks more attractive than Bitcoin in hard times

boss

Gold’s lower volatility than Bitcoin gives it an edge when the markets wander in uncertainty, Maruf Yusupov, co-founder of the gold-backed stablecoin Deenar, told crypto.news. “The reasons for this Bitcoin trend are not far-fetched and are hinged on the uncertainty surrounding the potential Interest Rate cut from the US Federal Reserve.” Yusupov added. The fall of the Bitcoin (BTC) price below the $60,000 mark on Sept. 15 triggered fears of another downfall among investors. Meanwhile, gold’s steady upward momentum made it a better investment alternative since “investors are still cautious…

Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again

boss

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund. Fidelity’s FBTC followed with $5.1…

Police Warn of Bitcoin Scam Threatening to Expose Private Information

boss

Hillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release private information unless they pay $2,000 in bitcoin. The email warns recipients to pay “confidentiality charges” or risk having personal footage shared […] Original

Solana Price (SOL) Consolidates: Time for a Fresh Comeback?

Solana declined and tested the $128 support zone. SOL price is consolidating losses and might aim for a fresh increase above the $132 resistance. SOL price started a consolidation phase from the $128 zone against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $132 resistance zone. Solana Price…

Qatar Financial Centre Activates Digital Assets Lab

Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association, and R3. Lab Participants to Lead Digital Transformation In a move signaling Qatar’s embrace of digital assets, the QFC, the region’s leading […] Source CryptoX Portal