A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to […] Source CryptoX Portal
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
The CoinMarketCap Altcoin Season Index now sits below 40, signaling that altcoins continue to underperform relative to Bitcoin. What’s next? The CMC Altcoin Season Index is a tool that helps determine whether the market is in altcoin season or Bitcoin (BTC) season by tracking the performance of the top 100 cryptocurrencies over the past 90 days. When 75% or more of these altcoins outperform Bitcoin, the market is considered to be in altcoin season. In December 2024, the index hit 64, signaling the start of altcoin season. However, since the…
Este artículo también está disponible en español. Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,720. Ethereum…
Russia is turning its back on the G7, calling it outdated, and shifting its focus to BRICS, SCO, and G20 as the new pillars of global influence. Russia Chooses BRICS and G20 Over ‘Outdated’ G7 Russia is prioritizing BRICS, the Shanghai Cooperation Organization (SCO), and the Group of Twenty (G20) over the Group of Seven […] Source CryptoX Portal
Bitcoin price is struggling to clear the $100,000 resistance zone. BTC is again moving lower and might decline toward the $95,000 support. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support at $97,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 zone. Bitcoin Price Dips Again Bitcoin price remained…
According to a Schedule 13G filing with the U.S. Securities and Exchange Commission (SEC), the global proprietary trading firm and liquidity provider, Jane Street — boasting over $450 billion in managed assets — has amassed shares in Iris Energy, Strategy, and Coinbase. Decoding Jane Street’s Bold Moves on COIN, MSTR, and IREN This year, a […] Source CryptoX Portal
A closely followed crypto strategist says investors are heavily accumulating the top layer-1 platform Ethereum (ETH). Trader Ali Martinez tells his 125,900 followers on the social media platform X that crypto investors have taken out almost 1 million ETH tokens from digital asset exchanges in a little over a week. “More than 900,000 Ethereum ETH have been withdrawn from exchanges in [10 days], signaling increased accumulation and reduced sell pressure!” Source: Ali Martinez/X With Ethereum trading at $2,731 at time of writing, the 900,000 ETH tokens are worth over $2.457…
PRESS RELEASE. ETH stands as the second-largest cryptocurrency by market cap, and its well-established ecosystem continues to be a hotbed for innovation. Building on this powerful network, Remittix has emerged as a PayFi contender, recently surpassing $12 million in presale funds. Investors are now buzzing about the project’s real-world applications and likening its potential to […] Source CryptoX Portal