Day: October 10, 2024

Ethereum Could See a 53% Price Correction If This Happens—Analyst

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Este artículo también está disponible en español. Ethereum has been experiencing sluggishness in its price performance recently, as the cryptocurrency continues to closely follow Bitcoin’s movements. Currently trading at $2,392, Ethereum is down 1.5% in the past 24 hours, adding to its gradual decline in recent days. This drop follows a brief price surge last week, where Ethereum saw a slight surge to above $2,600. Despite the minor increase, Ethereum remains down by 51% from its all-time high of $4,878, recorded in 2021. Related Reading Ethereum Potential To Fall 53%…

Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors […] Source CryptoX Portal

Dogecoin Could Break Yearly Highs ‘Any Moment Now’ – Crypto Analyst

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Este artículo también está disponible en español. Dogecoin is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. As the meme coin navigates this turning point, the broader crypto market anticipates a potential rally in the coming weeks, driven by the Federal Reserve’s recent decision to cut interest rates. However, October kicked off with increased selling pressure, leaving investors searching for signs of strength in Dogecoin’s price action. Related Reading Top analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could…

The new DeFi-meme hybrid attracting DOGE & AAVE whales

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cutoshi, a DeFi-meme hybrid inspired by Lucky Cat, is gaining traction in its presale, attracting DOGE and AAVE whales. Cutoshi (CUTO), a new DeFi-meme hybrid inspired by the Lucky Cat, is shaking up the meme coin scene. Now in its first presale phase, this “lucky” token is attracting DOGE and AAVE whales with its promise of accessible, fun DeFi. Let’s examine these three altcoins and what the future holds…

Crypto Exchange Coinbase Adds Support for Solana-Based Decentralized GPU Network Altcoin

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Coinbase is adding support for one artificial intelligence (AI)-focused altcoin on the Solana (SOL) network. In a new announcement, the top US crypto exchange says that decentralized physical infrastructure network (DePIN) io.net (IO) is being added to the platform for trading. Says Coinbase, “Trading will begin on or after 9 a.m. Pacific Time on October 9th, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our IO-USD trading pair will launch in phases. Support for IO may be restricted in some supported jurisdictions.”…

Second XRP ETF Filing Hits The Market, How Did The XRP Price Respond?

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Este artículo también está disponible en español. The crypto ETF market is expanding at an alarming rate, with news of a second XRP Exchange Traded Fund (ETF) filing spreading across the space. Canary Capital, a boutique Sydney investment and corporate advisory firm has just filed an XRP ETF, following Bitwise’s lead. With the new ETF filing, the price of XRP could see a possible change in the future.  Canary Capital Files New XRP ETF On Tuesday, October 8, Canary Capital submitted an official S-1 filing for an XRP ETF with…

Cumberland DRW Charged For ‘Unregistered Crypto Operations’

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Bitcoin (BTC) Price Tumbles Below $59K Amid Inflation Worry, SEC Lawsuit

In mid-afternoon U.S. trading, bitcoin (BTC) was lower by about 4% over the past 24 hours. At $59,000, the price has returned to levels not seen since the U.S. Federal Reserve unexpectedly slashed its benchmark interest rate by 50 basis points in mid-September. Altcoins outperformed somewhat, with the broad-based crypto benchmark CoinDesk 20 Index declining just under 3% during the same period. Ether (ETH) dropped 3.5%, while only decentralized exchange Uniswaps’s token (UNI) had positive return during the day on news about the platform’s own layer-2 plans. Source