“In last week’s report, we briefly noted that BTC appears to be overbought in the short term, as reflected by the heightened levels of the Greed & Fear index,” Markus Thielen, founder of 10x Research, told CoinDesk.” Current short-term reversal signals have turned bearish, indicating that a pullback is likely over the next few days.” Original
Nations around the world have been looking to clarify their approach to crypto. The U.K. decided to make crypto a regulated activity last year and bring the sector under its financial services rules, Europe created bespoke rules for the crypto sector known as the Markets in Crypto Assets rules, while, South Africa recently opened up its licensing regime for the sector. Source
Global crypto exchange Binance will help users transition their Orion tokens to Lumia starting Oct. 15 until Oct. 18. Binance announced on Sep. 30 that it will support Orion Protocol‘s rebranding to their liquid layer 2 blockchain Lumia through a network upgrade. As part of the transition process, the crypto exchange will remove all Orion-Bitcoin(BTC) and Orion-Tether(USDT) trading pairs on Oct. 15, 2024, at 06:00 UTC, and all pending ORN spot trading orders will be canceled. Additonally, deposits and withdrawals of ORN tokens will be suspended on this day. Binance…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Ether funds registered $87 million in net inflows to break a five-week losing streak while bitcoin products added $1 billion. Source
Este artículo también está disponible en español. The Shiba Inu (SHIB) burn rate has surged in the last 24 hours, providing a bullish outlook for the meme coin. This is also significant as it suggests that Shiba Inu bulls are again returning to its ecosystem. Shiba Inu Burn Rate Surges By 81% Data from the Shiba Inu burn tracker Shibburn shows that the meme coin’s burn rate has surged by 81% in the last 24 hours, with 3.7 million coins burnt during this period. Meanwhile, the burn rate has surged…
Matrixport, a crypto financial services provider with $6 billion in assets under management, has completed its all-cash acquisition of Crypto Finance Asset Management AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse Group. Renamed Matrixport Asset Management AG, the unit will continue to provide institutional-grade crypto investment solutions, including managing the […] Source CryptoX Portal
Este artículo también está disponible en español. Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September. The crypto analyst opens his analysis with an emphasis on the unexpected positive performance of Bitcoin in September. “September is about to close and to the general public’s surprise, it’s looking like it’s going to be green (by a long…
And that’s putting the asset on a stronger footing going into October, the start of a generally bullish period with some traders targeting a run to as much as $70,000 in the coming weeks from the current $64,000 levels. A green September has always resulted in bitcoin closing higher in October, November and December. Source CryptoX Portal
Este artículo también está disponible en español. A recent tweet from Uphold, a digital currency platform, has sparked a flurry of skepticism and exhilaration within the XRP community. The tweet jokingly implied that “XRP just reached $1,000,” which incited a flurry of speculation regarding the feasibility of such a price point. Although some enthusiasts are supporting the concept, numerous critics have promptly dismissed it as unrealistic, citing the substantial market capitalization increase that would be necessary for XRP to achieve that level. At the time of writing, XRP is trading…