Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week. Original
Coinbase Says Bitcoin Liquidity on Exchange Unfazed After SEC's Lawsuit Against Cumberland
Day: October 17, 2024
Ethereum Whales Are Quietly Accumulating—Is A Major Price Breakout Coming?
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible
Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing previous concerns and stressed that no significant deficiencies exist that would justify Russia’s inclusion on the FATF blacklist, […] Source CryptoX Portal
Italy mulls raising Bitcoin capital gains tax above 40% as crypto gaining momentum: report
Italy is considering raising its capital gains tax on crypto to 42% as part of efforts to reduce the fiscal deficit. Bitcoin (BTC) holders could soon face nearly two-fold tax increase in Italy, as the government plans to raise the capital gains tax on crypto from 26% to 42%, Bloomberg reports. During a conference call on Wednesday, Italy’s deputy finance minister Maurizio Leo noted that the government is responding to the rapid growth of crypto usage, stating that the phenomenon is “spreading” quickly. The report did not provide a timeline…
Kalshi Research Finds 'Widespread Evidence' of Strong Republican Momentum in U.S. Elections
A note from Kalshi’s market research team suggests the prediction market – polls gap can be explained by Harris’ sliding popularity with key demographics. Source
Ethereum About To ‘Catch Up On BTC’, Will It Reclaim $3,000?
Este artículo también está disponible en español. Following the market’s recent performance, Ethereum (ETH) attempted to break out of a bullish formation. Some analysts believe the cryptocurrency is preparing to catch up with Bitcoin and aim for March highs. Related Reading Ethereum Getting Ready To Challenge BTC This week, Ethereum has successfully reclaimed the $2,500 support zone following the market’s recent performance. The second-largest cryptocurrency by market capitalization has seen an 8.6% increase in the last seven days, moving from the $2,300-$2,400 range to the $2,600 mark. In the last…
Crypto market enters ‘greed’ zone as Bitcoin hikes further
The crypto market sentiment is seeing a major shift as leading digital assets continue their bullish momentum. According to data provided by CoinMarketCap, the crypto fear and greed index entered the 60 zone today, signaling slightly greedy market conditions. BTC price and crypto fear and greed index – Oct . 17 | Source: CoinMarketCap This is the first time the crypto market has hit the greed zone in six weeks—last seen on July 31. The major drop happened in early August as the Bitcoin (BTC) price plunged below the $54,000…
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6 […] Source CryptoX Portal
Spot Bitcoin ETFs see four straight days of inflows, surpassing $1.6b, Ether ETFs rebound
Spot Bitcoin ETFs in the U.S. marked their fourth straight day of net inflows, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $458.54 million on Oct. 16, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $1.63 billion. BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, continues to dominate, posting the highest net inflow for the second straight day. On Oct. 16,…
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?
Este artículo también está disponible en español. As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle high of 58.9%. The last time the crypto market witnessed this level of BTC.D was in April 2021. After a slight pullback following Iran’s attack on Israel earlier…