Day: October 2, 2024

Monero (XMR) Dips Below Crucial Support Level Following Delisting by Kraken across Europe

Key Notes Monero price dropped over 8 percent in the past 24 hours to trade below crucial support levels. Kraken exchange announced that users should withdraw their XMR coins before the end of this year. Amid the crypto correction fueled by the rising crisis in the Middle East, Monero (XMR), a veteran crypto project focused primarily on user privacy and security protection, dropped over 8 percent in the last 24 hours to trade about $142.22 on Wednesday, October 2, during the early New York session. As a result, the mid-cap…

Binance Founder Changpeng Zhao Reportedly Grows Wealth by $25M per Day behind Bars

Key Notes Forbes estimates CZ’s net worth at $61 billion by late September 2024, reflecting a $3 billion increase since July. Bloomberg disputes this, claiming CZ’s wealth dropped by $5.7 billion during his prison term. After his release, CZ emphasized his long-term investment strategy, prioritizing “impact over returns”. Binance co-founder and ex-CEO Changpeng Zhao, widely known as CZ, has just finished serving a four-month jail term. However, the real intrigue lies in how much wealth he might have amassed during his stint in prison. Certain reports imply that CZ could…

Will Israel-Iran Conflict Push Bitcoin Further Down? Analysts Discuss

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Este artículo también está disponible en español. The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets. Bitcoin was not immune with a notable -4% drop. Market participants, who had anticipated a strong bullish trend for the month dubbed “Uptober,” were forced to reassess as broader market sentiment turned risk-off. However, the reaction to the geopolitical news may be overblown, according to several…

Telegram CEO Pavel Durov Clarifies Data Sharing Policy amid Growing Concerns Over Privacy

Key Notes Telegram only shares data when legally required, following strict verification protocols. Despite handling numerous data requests, Telegram maintains its commitment to privacy and freedom. Pavel Durov, founder and CEO of popular messaging app Telegram, has shed light on some of the topics he touched on in a recent announcement. Earlier, the CEO spoke about policies that allow the app to share the IPs and phone addresses of criminals with authorities. However, with the criticism that followed the previous announcement, Durov has now attempted to clear the air. He…

Bitcoin Enters Positive Seasonal Trend, Demand Key to Further Growth: Cryptoquant

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Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […] Original

Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise

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…

Bitcoin Returns to $61K After Tuesday’s Dump

Some observers have noted the differing performances of bitcoin and gold as a measurement of the two assets’ respective maturities. Gold, traditionally seen as a risk-off asset, gained 0.8% in the aftermath of Iran’s attack on Israel while BTC lost 4%, despite often being referred to as a form of digital gold. “Gold is a much more mature asset, with a 5,000 year history as a store of value, so there’s not much room left for incremental network effects,” Presto Research said. “BTC [has] only a 15-year history. This means…

UNI Bullish Rebound Signals Upsurge, Targets $8.7 Resistance Ahead

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Middle East explodes, Bitcoin steady: is something broken?

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Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Missiles fly, Bitcoin steady A year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently at the UN General Assembly, celebrating what appeared to be growing peace in the Middle East. However, today, the landscape looks drastically different. The ongoing war in Gaza is nearing its one-year mark, but the conflict has expanded beyond the region. With Iran now involved, tensions between Israel and Hezbollah…