Month: September 2024

$233 Target In Sight As Breakpoint Approaches

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Este artículo también está disponible en español. Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August. The asset, which experienced nearly a 10% decline in the past week, has started to regain momentum as it entered September. Solana has risen from a recent low of $124 to above $134 in early trading hours today, showing a 2.7% increase in the last 24 hours, now trading at $132. Amid this recovery, renowned crypto analyst Javon…

Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador

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The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of […] Original

KAMA Memecoin Soars 10% Following Putin’s Endorsement

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Este artículo también está disponible en español. A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the PolitiFi token’s activity. Related Reading Putin Endorses Kamala Harris’ Campaign As the US elections get closer, the presidential candidates continue to receive support from various industry figures, politicians, and world leaders. Republican candidate Donald Trump has been endorsed by many figures in the sector and pro-crypto former…

Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia

Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […] Source CryptoX Portal

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

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Este artículo también está disponible en español. Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns.  Related Reading One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show low interest from traditional investors, adding to the bearish sentiment around ETH.  As the crypto market is gripped by fear and uncertainty, Ethereum traders are searching…

Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC

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Este artículo también está disponible en español. Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price gains.  Grayscale Adds 10,000 LTC To Its Portfolio In an X (formerly Twitter) post, crypto commentator Bamboo shared data from the crypto data analysis platform Coinglass, showing that Grayscale had recently added 10,000 LTC to their portfolio. Further data from Coinglass showed that the asset…

Nexo Reopens UK Registrations With Enhanced User Protections

Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines. The platform has introduced mandatory risk warnings, cool-off periods, and improved compliance measures to […] Source CryptoX Portal