THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?
THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the…
Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?
Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance. ADA price started a recovery wave from the $0.3050 level. The price is trading above $0.320 and the…
XRP Price Uphill Task: Can It Break Through the Resistance?
XRP price is consolidating above the $0.5400 level. The price must clear the $0.5520 and $0.5600 resistance levels to start a recovery wave. XRP price is struggling to gain pace for a move above the $0.5550 zone. The price is now trading below…
Ether all-time high in 2024 'possible, but not highly likely'
A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.”
DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain
Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain…
Ethereum Price Poised for Steady Recovery: Can It Build Momentum?
Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly…
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve…
Bitcoin Price Struggles: Can Bulls Step In to Save the Week?
Bitcoin price declined and retested the $55,600 support zone. BTC is now struggling and might face hurdles near the $57,000 resistance level. Bitcoin is struggling to recover above the $57,750 zone. The price is trading below $57,200 and the 100…
Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold
Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its…
India’s FIU Considers Approving More Offshore Crypto Exchanges
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with…
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a…
Analysts Predict Solana’s Surge: $233 Target In Sight As Breakpoint Approaches
Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August. The asset, which experienced nearly a 10% decline in the past week, has started to regain…
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as…
KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris
A Kamala Harris-inspired memecoin recently jumped over 10% after the US Vice President received public endorsement from Vladimir Putin. The Russian president expressed his support for the Democratic candidate on Thursday, fueling a surge in the…
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these…
Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?
Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns. One of the key reasons for this…
US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China.
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout…
Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC
Litecoin (LTC) is set to enjoy a significant price increase due to massive buying pressure from institutional investors like Grayscale. A recent analysis by crypto analyst 28 Crypto also showed that Litecoin is poised to enjoy significant price…
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