A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects preying on the public’s limited understanding of stablecoins. In an alert issued July 7, […] Source CryptoX Portal
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Two Ethereum wallets dormant for nearly a decade were activated on Monday, moving a combined 1,140 Ether tokens worth nearly $2.9 million. The two wallets — one starting in “0x27” and the other “0x7f” — were created 3,630 days ago, on July 30, 2015. That date marked the mainnet launch of the Ethereum blockchain, a phase called “Frontier” in the history of the ecosystem. Both wallets received their inicial Ether (ETH) from transactions labeled as “GENESIS” on Etherscan, indicating they were funded at launch. 900 ETH moved after nearly a…
Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside…
Bitcoin’s very modest weekend rally modestly reversed on Monday as President Trump’s tariff policies took center stage again. The largest cryptocurrency slipped below $108,000 during the U.S. afternoon, down 0.8% over the past 24 hours. Changing hands at around $107,700, BTC has round-tripped all of the move to $109,700 on Sunday. Ethereum’s ether was 0.6% lower, while smaller cryptos including Solana’s SOL , dogecoin , Sui’s SUI declined 1%-2%. XRP outperformed with more than a 2% gain. Dampening investor sentiment was the President Trump ramping up tariffs even while delaying…
A crypto user who had held physical Bitcoin for roughly 13 years talked to Cointelegraph about what led to his decision to finally move the coins to a wallet. On May 13, a BitcoinTalk user going by the pseudonym “John Galt” said they had moved 100 Bitcoin (BTC) from a physical Casascius bar to a hardware wallet. Casascius bars and coins are physical representations of different amounts of Bitcoin, with the private keys to access them attached to film on the objects themselves. Galt said he had purchased the bar…
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Key takeaways: Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence. US import tariff hikes on Japan and South Korea intensified recession fears, boosting Bitcoin’s appeal as a hedge. Bitcoin (BTC) has been trading within a tight $107,300 to $110,600 range since Wednesday, fueling speculation over the potential for a sudden price rally. Market participants are increasingly confident that fresh liquidity injections by major central banks could serve as a catalyst for a Bitcoin bull run. Source: x/TedPillows Market analyst TedPillows pointed out that Bitcoin has lagged…
Robinhood’s stock token offerings are under regulatory scrutiny in the European Union after OpenAI warned investors that the digital brokerage’s so-called OpenAI tokens do not represent any equity stake in the company. OpenAI’s warning prompted an inquiry by Lithuania’s central bank, which serves as Robinhood’s primary regulator in the region. The Bank of Lithuania is “awaiting clarifications” regarding Robinhood’s stock token offerings linked to OpenAI and SpaceX, CNBC reported on Monday, citing Giedrius Šniukas, a spokesperson for the Bank of Lithuania. “Only after receiving and evaluating this information will we…
CleanSpark’s Bitcoin output has surged more than 50% year-over-year, despite the challenges posed by the post-halving environment for BTC miners. The company posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity. Last month, it mined 685 BTC worth $74.2 million at current prices, from 445 BTC mined in June 2024. EH/s stands for exa hash per second, a measurement of computational power. “The tireless efforts of our operations and technology teams resulted in the addition of over…