The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO due to Wright’s fundamentally fraudulent defamation claim. Wright had asserted he was Satoshi Nakamoto, Bitcoin’s creator, and sought damages […] Source CryptoX Portal
According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At the June 11-12 meeting, the FOMC highlighted that although inflation has […] Source CryptoX Portal
A. With respect to correlation, a volatile asset like crypto is actually very important to decrease the overall volatility of a portfolio. Lowering the overall volatility of a portfolio is important as it helps smooth investment returns over time. This is important for many reasons. For example, an investor could have significant and unpredictable liquidity needs. If they have a portfolio of highly correlated assets and those assets are experiencing a period of poor returns, they would be withdrawing a larger percentage of their portfolio compared to a portfolio that…
Toncoin (TON), with its history of wild price fluctuations, perfectly embodies the volatility that thrives in the cryptocurrency market. Prices often experience dramatic swings that can make even the most seasoned investors dizzy. However, recent trends suggest TON might be entering uncharted territory – a period of eerie stability. This unexpected calm has set tongues wagging, with analysts predicting a potential explosion in volatility on the horizon. Related Reading Low Volatility Hints At Brewing Storm Data analytics platform CryptoQuant has released data indicating TON is currently trading near its all-time…
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach $100,000 by the November U.S. presidential election. The bank’s analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000 and $200,000, respectively. Bitcoin Surge Predicted Amid US Presidential Race Standard […] Original
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down by 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022. According to data available on Coin ATM Radar, the global tally of installed Bitcoin ATMs stands at 38,279 as of the latest count. This expansion is driven by factors such as accessibility and ease of use, profitability for operators who earn transaction fees above the Bitcoin spot price, and favorable…
At 04:56 UTC, TRUMP, the first major token in the PoliFi sector, traded near $8.5, representing a 0.5% drop on a 24-hour basis. Its Solana-based counterpart TREMP traded 7.2% lower at 74 cents and the Joe Biden-themed BODEN coin was 16% at 13 cents, according to data source Coingecko. Meanwhile, bitcoin, the leading cryptocurrency by market value, traded 1% lower at $61,000. Source
Ether, which came into existence in 2015, set a record price of over $4,800 since November 2021. While BTC surpassed its 2021 early this year, ether only briefly managed to top the $4,000 mark, with the upside relatively restricted due to regulatory uncertainty and low odds of ETH getting a spot ETF listing in the U.S. Source
Telegram-backed Toncoin (TON) has been the talk of the crypto town lately, its price soaring to a record-breaking $8.15 before settling around $7.60. This dramatic rise, coupled with technical indicators flashing both caution and bullish signals, has investors on the edge of their seats, wondering: is this a short-lived party or the beginning of a major ascent? Related Reading Cup, Handle Hints At Takeoff, But TDS Warns Of Bumpy Ride Analysts are divided on TON’s immediate future. Crypto technician Ali Martinez throws a bucket of cold water on the recent…
The Dogecoin price slump might be over very soon, according to a little-known but important indicator called the Gaussian Channel (GC). As recently noted by a crypto analyst known pseudonymously as Trader Tardigrade, the Gaussian Channel recently flashed green on the DOGE weekly chart, suggesting the crypto could surge to the upside for the next wave. DOGE’s Gaussian Channel Flashes Bullish Green The Gaussian Channel is a comparatively less well-known technical indicator among crypto experts, in contrast to other famous technical indicators such as moving averages, RSI, and MACD. The…