DeFi Technologies slams ‘defamatory’ report that tanked its stock 28%
The ETP issuer says a Tuesday CoinSnacks report was likely “commissioned by short sellers,” which the crypto-focused newsletter has denied.
Posts published on June 19, 2024 go to media archive 1/4
‘Insane amount’ of Bitcoin shorters are hoping it won’t go to $70K
A heavy amount of Bitcoin short positions will be wiped if Bitcoin returns to $70,000, a price level it hasn’t seen in 12 days.
‘Pharma Bro’ claims Barron Trump holds private keys to DJT token
Convicted felon Martin Shkreli, also known as “Pharma Bro,” claims Barron Trump is the true creator behind the DJT token — which was even “approved” by Donald Trump.
Ethiopia Approves CBDC Launch Draft Proclamation
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological…
Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance, the world's largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation's anti-money laundering rules, India's anti-money laundering…
IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By
The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by…
Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty
Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed…
Chainlink’s Ambitious Climb: LINK Price Aims for Key Upside Break
Chainlink’s LINK price is consolidating above the $14.00 support. The price could gain bullish momentum if it clears the $14.65 resistance zone. Chainlink price is showing bullish signs and eyeing more gains above $15.00 against the US dollar. The…
Nvidia Propels AI Crypto Tokens To Market Leadership: Here Are The Top 3 Winners
Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets. This surge has been further augmented by the…
ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
XRP Price Stuck In Tiny Trading Range: Consolidation Phase Continues
XRP price is struggling to start a steady increase above $0.50. The price must settle above $0.50 and $0.510 to gain bullish momentum in the near term. XRP price started a minor upward move from the $0.4765 zone. The price is now trading above…
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering…
Ethereum Price Struggle: Reaching Resistance, Facing Challenges
Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone. Ethereum is consolidating gains below the $3,650 resistance zone. The price is trading above $3,500 and…
Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit
Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.
Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know
As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a…
Australian Bank Halts Development of ETH-Based Stablecoin
The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups…
Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles
Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below…
Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target
The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not…
Unlicensed Crypto Business Leads to Indictments in Utah
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington…
XRP’s Roadmap To Success: Analyst Forecast A Strong Bullish Turn In 2024
Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical analysis by Amonyx, XRP is poised for a bullish run against both the…
Stablecoins to make up 10% of money in the next decade or so: Circle CEO
Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before.
IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East
Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree
Curve Finance’s native token, CRV, saw a dramatic 30% price drop a week ago. The crash, which included the massive liquidation of Curve Finance CEO’s lending positions, left many investors concerned. Whales took advantage of Curve’s struggle and…
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to…
Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges
Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels. Adding to these concerns, it has come to light that a…
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
Solana Down 40% But Analyst Says Now’s The Time To Buy SOL
Solana, one of the top altcoins, trailing Ethereum and the BNB Chain, has not been spared in the recent correction. After rallying to as high as $210 in Q1 2024, the coin is now sliding, facing strong headwinds, plunging, and following the…
Bitcoin exchange reserve metric hits 3-year low
Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin.
Ethereum (ETH) price fails to rally in the face of good news — Here is why
Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening.
Ex-OpenAI chief scientist Ilya Sutskever launches SSI to focus on AI safety
The new company will develop AI safety and capabilities in tandem.