Day: October 11, 2024

$1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming?

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Este artículo también está disponible en español. Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a bullish outlook for…

Man accused of fraud flees after skipping $150m hearing

A German man, Horst Jicha, is now a fugitive after skipping a $150 million cryptocurrency fraud hearing in New York. Jicha, 64, was under house arrest and out on a $5 million bond, but authorities suspect he tampered with his ankle monitor and disappeared earlier this month, according to CNBC. His trial was scheduled for March 31, where he faced multiple charges related to overseeing a crypto scheme that defrauded investors through USI Tech, a multi-level marketing platform. Jicha’s case revolves around USI Tech, a platform that claimed to offer…

Baby Doge Coin Rockets 200% In 30 Days – What’s On The Horizon?

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Rising roughly 200% since mid-September, Baby Doge Coin (BABYDOGE) has fundamentally rocked the digital currency market. Reaching early August, it has climbed an impressive 237% from its lowest price this year. The enthusiasm commenced when Baby Doge was listed on Binance. Such listings frequently generate excitement and attract interest in tokens, and BABYDOGE proponents are evidently capitalizing on this momentum. Baby Doge: Surpassing September Peaks Following its lows on September 6, Baby Doge experienced a 215% increase within three weeks, albeit undergoing a significant regression to test the $0.0018 level.…

EigenLayer Price Prediction: Whale Activity Hints at Gains, Crypto All-Stars Also Sees Growth

EigenLayer and its native EIGEN token have been catching some attention lately – especially given the recent whale activity. With big investors moving in, there’s growing buzz about whether EIGEN could be preparing for another rally. In this article, we’ll look at what’s driving the hype and whether the new Crypto All-Stars (STARS) project could […] Source CryptoX Portal

Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations

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The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of the risks associated with dealing with unlicensed crypto businesses, emphasizing the potential for financial and […] Source

BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses

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BNB finds itself under renewed selling pressure as a recent recovery attempt falls short, leaving the cryptocurrency vulnerable to further losses. Despite a brief upward movement, BNB’s failure to break through key resistance levels has sparked concerns about a deepening decline. With technical indicators signaling potential weakness ahead, the question now is whether the token can regain its footing or if further losses are inevitable. As bearish sentiment intensifies, this analysis aims to evaluate the technical indicators signaling weakness in BNB’s price action and assess whether the asset can stage…

Crypto Firm Arkham Intelligence Plans To Launch Derivatives Exchange Next Month: Report

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Crypto analytics platform Arkham Intelligence is reportedly planning to launch its own derivatives exchange next month as a means of competing with crypto exchange giant Binance. According to a new report by Bloomberg, an anonymous person familiar with the matter says that the market intelligence firm plans to launch the options exchange next month with the backing of key investors, such as OpenAI CEO and Worldcoin (WLD) founder Sam Altman. The new exchange – which will not be open to customers in the US – aims to compete with the…