Day: October 23, 2024

BTC’s Fall Below $67K Prompts Broad Market Dip

Bitcoin slid below $67,000, prompting a broad decline across the major cryptocurrencies. BTC dropped under $66,500 during the late European morning, around 1.3% lower in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has fallen just over 1.5%. Bitcoin ETFs snapped a seven-day winning streak on Tuesday, losing nearly $80 million. DOGE led the losses among major tokens, falling 3.8%, while ETH and XRP both lost around 1.5%. DOGE had led gains in the previous seven days following a recent endorsement by…

SUI To Face Another Pullback, Analysts Forecast 30% Correction

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Este artículo también está disponible en español. SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token. Related Reading SUI Loses Key Support Zone SUI has been on a downtrend this week, losing the recently gained levels alongside most of the market. The cryptocurrency saw a 5.3% drop in the last 24 hours, which has worried some…

Binance’s Gambaryan Free to Leave Nigeria for Medical Treatment After Money Laundering Charges Dropped: Reports

During his time in prison Gambaryan, a U.S. citizen, developed malaria, pneumonia and tonsillitis.But he was also suffering from complications tied to a herniated disc in his back which left him in need of a wheelchair – though in a video from his last court appearance, Gambaryan did not have a wheelchair and instead had to struggle on a single crutch, CoinDesk reported earlier. Source

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian’s Director

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We have the unique competitive advantage here on a couple fronts. Number one, we have a truly diversified jurisdictional and geographic control of the vault and private key, right? No one can compete with that, and that’s very important, until we have a harmonized global regulation. Without that, this is the foolproof setup. There’s no single point of failure. It’s virtually impossible for three different jurisdictions to collude if they don’t like it. So that’s number one. Number two, we strike the right balance between centralized and decentralized. The centralized…

Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal

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Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange’s debts or buy crypto for others. The exchange […] Original

LBank x 7 Meme Projects: Don’t Miss the Halloween Campaign with $7,000 in Prizes

PRESS RELEASE. LBank, leading global cryptocurrency exchange, has officially launched its “Spooky Season” Halloween Campaign, running from October 22 to November 3, 2024. With a total prize pool of $7,000 USDT, this festive event invites crypto enthusiasts to engage in a series of activities that celebrate the Halloween spirit while promoting visibility for participating projects. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Quarterly Performance Hints At Possible Correction—Here’s What You Should Know

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Este artículo también está disponible en español. As Bitcoin experiences a gradual recovery in its price performance, a new analysis sheds light on the cryptocurrency’s broader market stance. A CryptoQuant analyst known as “Crazzyblockk” recently shared an in-depth study on Bitcoin’s quarterly performance, focusing on key metrics like the asset’s market capitalization and realized capitalization. According to the analyst, examining these metrics every quarter can offer valuable insights into long-term trends and potential future price movements. Related Reading Current Market Signals Resemble 2021 Boom The analysis highlights how fluctuations in…

Linkedin Under Scrutiny for Potential South African Privacy Violations

A South African artificial intelligence association has accused Linkedin of violating local data privacy laws by using user data to train its AI models without explicit consent. The association has urged the country’s data regulator to investigate. Linkedin has however defended its practices, claiming users can opt out of AI training. The data regulator confirmed […] Source CryptoX Portal