Day: October 15, 2024

Two companies fined a total of £150k after bombarding people with spam texts offering financial, debt services

We have fined two Manchester based financial and debt management companies a total of £150,000 for sending in excess of 7.5million spam text messages to people. Both Quick Tax Claims Limited, a company focusing on PPI tax refunds, and National Debt Advice Limited, a debt counselling advice service, first came to our attention in May 2023 when a number of complaints were sent to the 7726 spam message reporting service. A wider investigation revealed that Quick Tax Claims Limited had sent 7,863,547 unlawful text messages over the course of a…

Solv Protocol Raises $25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $330B in Value

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Solv Protocol has raised $11 million in a strategic funding round, bringing its total funding to $25 million at a valuation of $200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round attracted participation from prominent investors, including Laser Digital, Blockchain Capital, and […] Original

AED Stablecoin Gets Green Light From UAE Central Bank

AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […] Source CryptoX Portal

Bitcoin Cash up 12% in 24 hours, analysts expect the rally to continue

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BCH was up over 12% on Oct. 15, ranking as the leading gainer in the market with analysts expecting more gains pointing to several bullish patterns emerging on the BCH chart. Bitcoin Cash (BCH) surged by 12.9% over the last 24 hours and was exchanging hands at $368 at press time. The crypto asset’s daily trading volume was hovering around $7.26 billion, per data from crypto.news. Bitcoin Cash, created in 2017 as a hard fork of Bitcoin to address scalability challenges, has historically followed in the footsteps of its predecessor.…

Bitcoin To $70,000? Analysts Set Next Targets After 6% Surge

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Este artículo también está disponible en español. Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Related Reading Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance levels after a 6% surge from Sunday’s price. This performance saw BTC move from the $62,000 support zone to retest the $66,000 support area on Monday morning. Following…

94% of Bitcoin holders are in profit; will they sell?

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The number of Bitcoin addresses in profit has significantly increased following its price surge above the $65,000 zone. According to data provided by IntoTheBlock, over 50.67 million Bitcoin (BTC) addresses have accumulated the asset below $65,500, accounting for 94% of the total BTC holders.  The remaining 6%, around 3.37 million addresses, purchased Bitcoin for an average price of $68,139 with a total volume of 1.58 million BTC, per data from ITB.  Of this tally, over 80,000 daily active addresses are in profit and around 247,000 holders are close to their…

Ethereum Could Push To $6,000 If This Pattern Holds, Analyst Says

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An analyst has explained how Ethereum could see a run toward the $6,000 level if this historical pattern continues to hold for the asset’s price. Ethereum Ascending Channel Could Reveal Its Next Destination In a new post on X, analyst Ali Martinez has discussed a pattern that the 1-week price of Ethereum has potentially been following during the last couple of years. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. In a Parallel Channel, the asset consolidates between two…

Crypto Exchanges Are Broken, But the Hybrid Model Promises A Better Future

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Cryptocurrency exchanges play a vital role in the blockchain industry, acting as gatekeepers to the world of digital assets. While there are other ways to acquire crypto, such as peer-to-peer protocols and trading with friends, the vast majority of newcomers will begin their journey on a crypto exchange, where they can sign up quickly and start exchanging their fiat for Bitcoin, Ethereum, and other tokens. Despite their importance for the crypto industry, the fact is that exchanges as they are today are far from adequate. The reliance on these centralized…

BRICS Erodes US and EU Hegemony as Nations Seek Sovereignty and Equal Cooperation

BRICS is undermining the hegemony of Washington and Brussels as nations increasingly seek equal dialogue and cooperation that prioritize their own interests, according to Russia’s State Duma speaker. He stressed that countries are moving away from serving the U.S. and its allies, instead choosing partnerships that respect sovereignty and offer mutually beneficial cooperation, signaling a […] Source CryptoX Portal