❌

Normal view

Received — 25 December 2024 ⏭ The Crypto Daily News

Russia To Ban Crypto Mining In Key Regions Starting 2025 – Bitcoinist

By: Daniel
25 December 2024 at 05:20

  1. Russia To Ban Crypto Mining In Key Regions Starting 2025 Bitcoinist
  2. Russia Institutes Partial Ban on Crypto Mining to Control Energy Use, Tass Reports CoinDesk
  3. Russia bans crypto mining for 6 years in 10 regions Cointelegraph
  4. Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report The Daily Hodl
  5. Russia bans crypto mining in multiple regions, citing energy concerns Engadget
  6. Russia to Control Crypto Mining Activities by Region in 2025 crypto.news

https://news.google.com/rss/articles/CBMipwFBVV95cUxPd0pYR0R6QVB6bFZvZlprSDVfOU14SjRLVjB3SlRJT0F4ZTA0Ti1jLUYzcWlXM1pFQm4zX0pHY3VsTkNuX2tCbkNXWmVXSGJwVUFGUE1sRmtuTVBCU2s4ZHFKZ3BXYV9Gc3hvRnVKaHNWck4wa1BkZ1dPU214VmhtWHJXX0QxU1VwNGZzbFl3RlVSSnFBT0FlTGNDVTBieVNRbXVpYkdNUdIBrAFBVV95cUxPaE9DOGVpUlpTdmJGb2NKZF80T0RURkpjQWFEV3dTem0xN19FMXZ2dUdGTURvaDAySXlGYkgyWkdqeDFsZjdXdkxmckF4Q1pjM2JWMzktZ1Z3elUwNlhZaXVqNndGN1VGQTMtT3BpVDRsdmI5QVIzNjRhZnVwcEw4Qzk1WmtNYXdfVDBTQXVOUUt4QTBlQTk2TnlzN3BqbUw0aFZYQy00OHMyT2F0?oc=5

Received — 18 December 2024 ⏭ The Crypto Daily News

Ripple’s RLUSD launches on global exchanges with some investors paying a premium – Fortune

By: Daniel
18 December 2024 at 03:50

  1. Ripple’s RLUSD launches on global exchanges with some investors paying a premium Fortune
  2. Ripple’s RLUSD stablecoin makes debut on crypto exchanges Yahoo Finance
  3. Ripple’s RLUSD goes live on global exchanges crypto.news
  4. Ripple Prepares to Bring Stablecoin to Global Exchanges PYMNTS.com
  5. Ripple RLUSD Stablecoin Launch: Timing, Exchanges, and Details CCN.com
  6. Ripple’s Stablecoin Is Here: RLUSD Goes Live on These Exchanges Bitcoin.com News
  7. Ripple’s RLUSD Stablecoin is now live on Global Exchanges Crypto Times
  8. As Ripple’s RLUSD Goes Live on Multiple Global Exchanges, XRP Surges 5% TradingView
  9. Why Is Ripple’s XRP Up? Price Prediction as RLUSD Stablecoin Debuts on Global Exchanges Finance Magnates

https://news.google.com/rss/articles/CBMiqgFBVV95cUxNSFdkOHZoSG4xUjVJOUhRV2hmRkVockZMZFFzMG93Z1MzeURjMnkwb092Q3JHcGptLVNQOUlDaWJUS2JnVWt0UTlTN29lUE9YQWZVRGVzWGtvSGNqUG83Y19IQUowTFVfdVBSc19xYXJFMGxBREV0dldkVnZyYjNTYUFSaWtjOVhsY19NNHZPcXRjMzVOdWlvX21QNEY5VTZjVUNtd1owMXBvdw?oc=5

Received — 26 September 2024 ⏭ The Crypto Daily News

Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection – Yahoo Finance

By: Daniel
26 September 2024 at 18:25

  1. Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection Yahoo Finance
  2. BlackRock Bitcoin ETF posts September’s biggest daily inflow of over $180M Cointelegraph
  3. Cathie Wood’s Ark Invest Buys $4.5M Of PayPal And $3.5M Of Pinterest Shares, Sells Own Bitcoin ETF Amid Crypto Surge, And Continues Offloading Palantir – PayPal Holdings (NASDAQ:PYPL), ARK 21Shares Bitcoin ETF Common Shares of Beneficial Intere Benzinga

https://news.google.com/rss/articles/CBMiggFBVV95cUxNd242b2IwV0pRcU5XOXJpVlBhT0NqdXJSSVh2UjRXeE9kWHpRWkptWTV1U0x4aHVKdGFhQUktSlZSaXlFajNaMkEyTmxFNzBFLW1yT2xBMllBdThZTFBJQTdfSHBLSDNlcGhPYWhxaVF2aUNxRTNkOHBFYnpDM2MxUGpn?oc=5

Received — 25 July 2024 ⏭ The Crypto Daily News

Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday – CoinDesk

By: Daniel
25 July 2024 at 02:45

  1. Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday CoinDesk
  2. Mt Gox Moves $2,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data The Daily Hodl
  3. Bitstamp will begin Mt. Gox creditor repayments on July 25 Cointelegraph
  4. Mt. Gox Creditors Get Crypto Repayments After Decade of Waiting Bloomberg
  5. Mt. Gox Bitcoin Repayments From Bitstamp Set to Begin Decrypt
  6. Bitstamp will begin Mt. Gox creditor repayments on July 25 TradingView
  7. Bitstamp confirms receipt of Mt.Gox assets, reimbursements begin July 25 CryptoSlate
  8. Kraken Frees Bitcoin from the Grip of Mt. Gox! Cointribune EN
  9. Bitstamp Starts Distributing BTC, ETH, BCH To Mt Gox Creditors CoinGape

https://news.google.com/rss/articles/CBMipwFBVV95cUxORTY5NEoyUV9UbWdXeUtqMkR3NC0wd3VMSWV4cFVBY0NEb3BPT0ZrSks2aWZXLTFFTUV0d183SEZQZGE1NFJvYksybG5WU2psTGNDaXNCMDI3clNfeEJGcjE1TjY2U3Vwb21Rc0I3M0F4WE1RUE4zYm9KWE85RkxVcGVlYk9pcU9KWHZ1c2NZQVBOWlBfaElXa0RUdFhmTE9xYTZfZWRNRdIBrAFBVV95cUxNZHFUOE1pemhwQm1KRXlaaEtTWl9EZ2hiVGoyMUJMTEp5N0pZbk9CcFFpRkZrZDZOeDNpMVNWeVhiWmZZT1o1Y09tTmxnaU1EWkNiUmEyaG5lNTJianBHcmR4RHA0OWRrYk9oWTBsckJnQkxsTXBzTVo2dkdTNVlMc2pKdm5DY1JBVXV3REVoOU5SMDQxSW1td1IwNTljRnM3NncwYUNvUkJVa0I5?oc=5

Received — 17 July 2024 ⏭ The Crypto Daily News

Altcoins at the Foothill of Huge Explosion-Prices of WLD, AR & INJ Could Rise 20% in Next Few Days

By: Daniel
17 July 2024 at 12:35

The crypto markets appear to have been taken over by the bulls as the major tokens have risen above their crucial resistance zone. Bitcoin rose above $65,000, while Ethereum was above $3,500, & XRP, which remained passive for quite a while, has soared by over 40% in the past couple of days to reach $0.6. The ascending trend has been captured in most of the altcoins, while Worldcoin (WLD), Arweave (AR) & Injective (INJ) lead the rally. Here is what’s awaited for these tokens in the next few days. 

Worldcoin (WLD) Price Analysis

The Worldcoin price has been trading within a falling wedge ever since it marked a new ATH close to $12 in the last few days of Q1 2024. The recent price action has assisted the price in breaching the upper resistance of the wedge, surpassing the crucial resistance zone between $2.21 and $2.39. The market sentiments have changed, but the technicals suggest the bulls may remain passive for a while, which may offer some scope for a bearish pullback. 

The price broke out of the wedge with a significant increase in the volume but the current volume suggests the bulls have taken a step back. Meanwhile, the RSI is about to reach the upper threshold, which may attract bearish forces. Besides, the DMI has undergone a bullish crossover but the drop in ADX suggests the rally may remain consolidated above the gains. Therefore, the WLD price is expected to maintain a horizontal consolidation between $3 and $3.3 and trigger a fresh upswing to $4.4 during the next bullish rise. 

Arweave (AR) Price Analysis

Arweave had formed a strong base of around $25, which helped the rally trigger a rebound during the bearish attack. The Mt. Gox & the German terror compelled the price to drop below $20. However, the recent price action has brought the altcoin within the bullish range and raised the expectation of maintaining a decent ascending trend for a few more days. 

The AR price has reached one of the major resistance around $30 to $31.5 which may act as a strong base, once cleared. The buying volume is slowly rising which may keep up the bullish hopes for the rally. Moreover, the supertrend just flashed a buy signal indicating a clean flip of the trend. Therefore, the AR price appears to be primed to maintain a healthy ascending trend and rise above $40. However, if the bulls maintain a similar trend, marking new highs above $50 may not be a tedious job for the bulls. 

Injective (INJ) Price Analysis

Injective price has displayed acute strength since the start of the year and hence the recent flip is expected to revive a fine ascending trend hereafter. The bears have engulfed the rally to a large extent but the recent price action suggests the bulls have regained their dominance. Therefore, the INJ price is expected to maintain a strong ascending trend with a drop bearish interference. 

The INJ price has risen above the lower support zone and recorded consecutive bullish candles. Although the volume is below the required levels, the OBV is maintaining a steep ascending trend. Besides, the lead span B of the Ichimoku cloud is heading towards the lead span A and a healthy cross-over indicates the beginning of a fresh ascending trend. However, the INJ price may be out of the reach of bears, once it secures the resistance zone between $30.77 and $32.12, which appears to be on the horizon. 

https://coinpedia.org/price-analysis/altcoins-at-the-foothill-of-huge-explosion-prices-of-wld-ar-inj-could-rise-20-in-the-next-few-days/

Exchanging Cryptocurrency in 2024: How to Make Exchanges

By: Daniel
17 July 2024 at 12:25

In 2024, cryptocurrency is becoming a popular means for investment and transactions. The use of various tokens is rapidly growing as many seek convenient and secure ways to exchange cryptocurrency, whether to preserve finances or send them to loved ones. In this article, we will examine why crypto-to-crypto exchanges are gaining popularity every year and what advantages online exchangers offer compared to exchanges.
Reasons for the Popularity of Cryptocurrencies

Cryptocurrencies have been occupying a significant niche alongside other financial systems for several years. They continue to gain popularity due to their unique properties and advantages that traditional finance cannot replicate. In 2024, more and more people want to buy cryptocurrency as an alternative to banks or transfers.

The reasons for the growing popularity of cryptocurrencies are driven by both external and internal factors:

*
Decentralization: Cryptocurrencies operate on blockchain technology, moving away from controlling bodies so that all fund transfers are independent of banks or governments. Not adhering to the traditional financial system allows users to take responsibility for their own money.

*
Low Fees: Cryptocurrency transactions are often cheaper than bank transfers or other types of transfers. This is especially true for international operations, where fees are particularly high.

*
Anonymity: Some cryptocurrencies, such as Monero (XMR), offer a high level of anonymity for their users. This attracts those who wish to maintain the confidentiality of their transactions.

*
Investment Opportunities: Cryptocurrencies offer significant investment opportunities, including the potential for high returns in both the short and long term.

Why is a Crypto Exchanger Better Than an Exchange?

Crypto exchangers are more popular with users than cryptocurrency exchanges because they offer special advantages. The main arguments in favor of crypto exchangers are:

*
Ease of Use: Typically, online cryptocurrency exchanges offer a simple and intuitive interface. These services can be handled even by novice users. Unlike exchanges, which require registration and multi-step verification, exchangers allow operations to be carried out quickly and safely.

*
Anonymity: Crypto exchanges offer anonymous cryptocurrencies and do not require personal information. This allows users to maintain confidentiality.

*
Speed of Transactions: Exchangers make the process very fast-unlike bank and third-party transfers. Fixed rates and instant transactions help avoid delays associated with the trading process.

*
Security: Thanks to modern encryption technologies and security systems, exchangers offer data and fund security. Additionally, the absence of the need to keep funds on the platform reduces the risk of hacking.

Quickex.io [https://quickex.io/?utm_source=abnews] is a reliable and convenient crypto exchanger that makes the process of exchanging cryptocurrencies simple and safe. The platform offers several advantages that make it an ideal choice for users:

*
Quickex.io offers an intuitive interface that allows you to exchange cryptocurrencies quickly and easily. Users can perform operations in just a few clicks without having to go through complex registration and verification procedures.

*
Quickex supports the exchange of many cryptocurrencies, including anonymous ones, and does not require personal information. This allows users to maintain the confidentiality of their transactions.

*
The platform ensures fast and instant transactions, enabling users to exchange cryptocurrencies at favorable rates promptly. This is especially important in the context of the high volatility of the cryptocurrency market.

*
Quickex.io uses modern encryption technologies and security systems, guaranteeing the security of users’ data and funds. The platform also has anti-fraud and phishing protection, providing additional security.

In 2024, exchanging cryptocurrencies is becoming simpler and safer thanks to fast exchange services. Cryptocurrencies continue to gain popularity due to their unique properties, and crypto exchangers offer convenient and secure ways to conduct transactions.

The Quickex.io [https://quickex.io/?utm_source=abnews]platform makes the process of exchanging cryptocurrencies easy and fast, ensuring a high degree of anonymity and security. Users can be confident that their funds and data are securely protected and transactions are carried out quickly and without delays.

Disclaimer: This release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: Quickex
Contact Person: Mike
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=exchanging-cryptocurrency-in-2024-how-to-make-exchanges-simpler-and-safer]
Country: Seychelles
Website: https://quickex.io/?utm_source=abnw

This release was published on openPR.

https://www.openpr.com/news/3584521/exchanging-cryptocurrency-in-2024-how-to-make-exchanges

BlockDAG X1 App Launch on Apple Store Rockets Presale to $58.8M as STX Surges and Ethereum ETF Excites

By: Daniel
17 July 2024 at 12:20

The X1 Miner App ensures a seamless and efficient mining experience with its advanced, energy-efficient consensus algorithm. Users can customize their mining activities with a comprehensive settings module, manage profiles, and protect their privacy. The app simplifies onboarding with features like OTP verification and direct presale access to BDAG coins. The referral system boosts earning potential, encouraging community-driven mining, while the real-time leaderboard adds a competitive element.

Moreover, BlockDAG’s X1 Miner App integrates proof of engagement into mobile devices, making mining accessible for both novices and experts. The app’s straightforward and sustainable approach makes crypto mining rewarding for everyone. 

The enthusiastic response to the X1 Miner App on the App Store has significantly driven BlockDAG’s presale to over $58.8 million, selling more than 12.18 billion coins and 9003 miners worth $3.9 million. In batch 20, the brand’s BDAG is selling at $0.015 per coin, marking a 1400% increase from its original price of $0.001. This substantial price escalation indicates a high level of investor interest and trust in the brand’s potential.

https://www.analyticsinsight.net/cryptocurrency-analytics-insight/blockdag-x1-app-launch-on-apple-store-rockets-presale-to-588m-as-stx-surges-and-ethereum-etf-excites

Senator Bob Menendez Once Called Bitcoin ‘Ideal Choice for Criminals,’ Now He Stares at Decades in Prison for Bribery

By: Daniel
17 July 2024 at 12:10

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

https://www.coindesk.com/policy/2024/07/17/us-senator-who-called-bitcoin-ideal-choice-for-criminals-convicted-of-bribery/

Trump hints at 4th NFT collection, fears Chinese crypto take-over

By: Daniel
17 July 2024 at 10:10

Former United States president Donald Trump revealed he is contemplating launching a fourth non-fungible token collection. He reiterated the importance of the United States leadership in cryptocurrency amid a wide-ranging interview on Tuesday. 

“I’m going to do another one because the people want me to do another one,” Trump said in an interview with Bloomberg on July 16.

“We had one year to sell it out and it sold out in one day,” he added. His most recent NFT collection, titled “MugShot,” centered around the theme of his ongoing criminal indictments.

Source: Donald Trump 

“I would say almost all of it was paid in crypto, in this new currency. And it opened my eyes,” Trump added, explaining that he wants to ensure that the United States is a leader in the cryptocurrency industry.

“It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” Trump said, claiming that if he ignores it, China will become a leader in the industry as the nation is “pretty advanced in that sphere.”

He acknowledged the change in tone that traditional banking executives, such as the CEO of JP Morgan, have had toward cryptocurrency over the years.

“Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit,” Trump said, just months after Dimon faced criticism from the crypto industry for his harsh words against cryptocurrency at a Senate Banking Committee hearing in December 2023.

“If I was the government, I’d close it down,” said Dimon at the time.

Related: a16z co-founders pledge to support Trump in wake of Vance VP pick: Report

Trump’s comments come just days after an assassination attempt while he was speaking on stage at a rally in Butler, Pennsylvania.

On July 14, Cointelegraph reported that the Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes.

Magazine: Coinbase will not mention ‘crypto’ in five years: Avichal Garg, X Hall of Flame


https://cointelegraph.com/news/donald-trump-hints-nft-collection-interview

Memecoins Are About To Explode? Meteoric Rise Predicting For These Altcoins This Week

By: Daniel
17 July 2024 at 00:30

The crypto market is in a state of calm before the storm. Investors are bracing for the anticipated bull run. Altcoins, though still accessible for new entries, are exhibiting signs of upward movement. They appear poised for a dramatic surge. Within this evolving landscape, memecoins are attracting attention. Unique and often whimsical, these altcoins are predicted to experience rapid growth in the coming days. The potential for a meteoric rise has intrigued traders and enthusiasts alike. Which specific coins are on the brink of explosive gains? This article will reveal the contenders primed for significant upward momentum. Stay tuned to discover the memecoins that could reshape portfolios this week.

CYBRO Presale Climbs Past $1.3 Million: A One-in-a-Million DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.3 million. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 64 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

Join CYBRO and aim for future returns up to 1200%

Dogwifhat (WIF) Eyes Potential Growth Amid Positive Market Patterns

Dogwifhat (WIF) is showing signs of bullish potential despite some recent price drops in the crypto market. Currently, its price ranges from $1.55 to $1.87, with the nearest resistance at $2.01 and support at $1.36. Over the past week, WIF’s price increased by nearly 30%, indicating renewed interest. The 10-day simple moving average sits at $2.17, suggesting the possibility of a price rise. With an RSI of 63.78, WIF isn’t overbought, showing room for growth. If WIF can break past its nearest resistance, it could climb to the next level of $2.33, marking a potential gain of around 25%.

PEPE Poised for Growth Despite Recent Slump: Bulls Ready to Charge?

Pepe (PEPE) is trading between $0.00000795 and $0.00001026 after a remarkable 27.78% rise in the past week. The bulls are showing signs of strength, with resistance at $0.00001131 and support at $0.00000670. PEPE’s potential for growth remains high, especially considering its massive 866.00% surge over six months. With bullish patterns from 2021 surfacing again, PEPE could target the next resistance at $0.00001362, offering a potential climb of about 45%.

Conclusion

WIF, SHIB, DOGE, and PEPE have less potential for the short-term rise. However, CYBRO stands out as an advanced DeFi platform offering significant opportunities. With AI-powered yield aggregation on the Blast blockchain, investors can maximize earnings. The platform provides lucrative staking rewards, exclusive airdrops, and cashback on purchases. It also ensures a superior user experience with easy deposits and withdrawals. CYBRO emphasizes transparency, compliance, and quality, drawing strong interest from crypto whales and influencers.

Website

Twitter

Discord

Telegram

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-



https://thecryptobasic.com/2024/07/16/memecoins-are-about-to-explode-meteoric-rise-predicting-for-these-altcoins-this-week/

Best Crypto Exchanges in Ireland

By: Daniel
17 July 2024 at 00:20
Best Crypto Exchanges in Ireland

Your guide: Best Crypto Exchanges in Ireland

Are you in Ireland and want to learn more about cryptocurrencies? As digital assets become more popular, it is important to find the right site to buy and sell cryptocurrency. If you’re wondering, “What are the Best Crypto Exchanges in Ireland” you’ve come to the right place.

Find the best crypto platforms in Ireland with this guide. It will make your start trading crypto easy and smart. Whether you’re new to crypto trading or a seasoned pro, you need to know about all of your choices and what they can do.

Keep reading to find out more.

Also read: Russia & China Want BRICS Expansion in 2024, Not Other Countries

Best Crypto Exchanges in Ireland

How Crypto Exchanges Work: A Guide

Exchanges for cryptocurrencies are places where people can buy, sell, and trade them. They provide many services, such as margin trading, bank transfers, and debit and credit card payments. There are a few companies in Ireland that stand out for how reliable, safe, and helpful their customer service is. To make sure you pick the best platform for your wants, you should do your research.

What makes an Irish-based exchange a good choice?

There are several benefits to picking an exchange based in Ireland. Local markets usually follow Irish rules, such as laws against money laundering (AML) and rules about capital gains tax. Using an Irish exchange can also make bank transfers easier and provide better customer service geared to Irish citizens. These sites are watched over by the Central Bank of Ireland, which adds an extra layer of trust and security.

Also read: BRICS: Janet Yellen Repeatedly Says Sanctions Led to US Dollar Decline

Best Crypto Exchanges in IrelandBest Crypto Exchanges in Ireland

The Best Irish Cryptocurrency Exchanges

Bitcoin

A lot of people in Ireland buy Bitcoin from Coinbase. It has an easy-to-use interface that makes it great for newbies. Coinbase accepts several payment methods, such as debit cards and bank transfers. It also has great customer service and strong security features to keep your digital belongings safe.

Bitstamp

Bitstamp is another safe place to buy and sell cryptocurrency in Ireland. Bitstamp is known for having strong security measures and a lot of different services, such as margin trade and a lot of different ways to pay. Traders who want a site with a good name should go with this one.

Kraken

People like Kraken because it has a lot of trading choices and high-security standards. It works with many cryptocurrencies and has tools like futures contracts and margin trading. Kraken is a choice among experienced traders in Ireland because it has a lot of useful tools.

Important Things to Think About

Methods of Payment

When picking a crypto exchange, you should think about the ways you can pay. Most exchanges accept debit cards and bank transfers, but some may also take credit cards and other payment options. Make sure that the platform you pick gives you easy-to-use choices.

Best Crypto Exchanges in Ireland

Safety

When you trade crypto, safety is very important. When looking for an exchange, make sure it has strong security features like two-factor authentication (2FA), encryption, and cold storage for your digital assets. Your investments will be safer if you do your research carefully.

Help for Customers

It’s important to have good customer service, especially for new businesses. Pick an exchange whose customer service is quick to respond and helpful. This could make a big difference if you have problems or questions about your purchases.

Compliance with Regulations

Make sure the exchange follows Irish rules, such as those about AML and capital gains tax. The more protected and trusted your trading is, the more regulated the site you use.

Conclusion: Best Crypto Exchanges in Ireland

If you have the right knowledge and tools, it can be easy to find your way around the crypto world in Ireland. If you pick one of the best crypto platforms in Ireland, you can buy and sell cryptocurrency with confidence, knowing that it is safe, that there are easy ways to pay, and that the customer service is great. Before choosing a platform, you should always do your research to make sure it meets your wants and follows the rules in your area.

Putting money into cryptocurrency can be a good idea. It is safe to discover the exciting world of digital assets and take advantage of the chances they offer if you use the right exchange. Have fun trading!

https://watcher.guru/news/best-crypto-exchanges-in-ireland

BDAG’s X10 Miner Outperforms PEPE & XRP in Market Trends » The Merkle News

By: Daniel
17 July 2024 at 00:10
BDAG’s X10 Miner Outperforms PEPE & XRP in Market Trends » The Merkle News

Daily Earnings of $10 Possible with BlockDAG’s X10 Miner Amid Bullish PEPE & XRP Prices

Massive investments in $PEPE tokens by whales have led to a significant price increase, indicating strong market confidence. Concurrently, XRP’s market projections are optimistic, with Ripple overcoming key resistance levels. Amidst these developments, BlockDAG distinguishes itself with the X10 Miner, simplifying crypto mining access and enabling seamless BDAG coin mining.

With potential daily earnings of $10, BlockDAG surpasses its competitors in profitability and user-friendliness. BlockDAG’s blend of efficiency and accessibility positions it as a leading cryptocurrency and a wise investment choice.

PEPE’s Price Increase: Recent Transactions by Whales

Despite the general market downturn, $PEPE has seen growth, reaching over 255,000 token holders. Recently, Whale Wallet 0x1e5c purchased 79.41 billion $PEPE tokens for $733,000, at an average of $0.0092 per token. This acquisition increases its holdings to 115.44 billion $PEPE tokens, valued at $1.08 million, underscoring the optimism in $PEPE. 

Moreover, Whale Wallet 0x2da invested in 2 trillion $PEPE tokens, valued around $18.42 million, demonstrating a solid belief in its long-term value. Despite this, the broader market’s downturn casts doubts on $PEPE’s sustained growth, with some questioning its future stability. Should market conditions deteriorate, $PEPE could face significant valuation drops.

XRP Market Outlook: Can it Overcome the $0.532 Barrier?

Ripple’s XRP has recently demonstrated strong bullish signs, moving past the resistance level of $0.499. Currently priced at $0.528, XRP is testing a crucial resistance at $0.532. Surpassing this could lead to a 7.76% increase, aiming for the next resistance at $0.574.

Technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest a continued upward trend. If XRP can breach the $0.574 mark, it might see an additional 12% climb to $0.643. However, if it falls below $0.413, it could indicate a persistent downward trend and potential price drop.

BlockDAG’s X10 Miner: A Paradigm of Mining Efficiency

BlockDAG’s X10 Miner reshapes the crypto mining landscape, providing easy entry with a unit as compact as a Wi-Fi extender. It enables users to mine up to 200 BDAG coins daily, with potential earnings of $10 per day, based on a $0.05 starting price per BDAG.

The X10 miner’s efficient 100 MH/s hash rate and minimal 40-watt power use ensure a cost-effective balance of productivity and energy use. Featuring ASIC technology, it is tailor-made for the BlockDAG network, maximizing compatibility and performance.

BlockDAG extends its reach with varied mining options catered to user preferences. Its cloud mining service allows users to mine remotely without handling physical equipment, ideal for those who prefer simplicity and versatility in mining various cryptocurrencies.

For those who like hands-on involvement, BlockDAG also provides hardware mining. This option enables users to manage their mining rigs, featuring top-tier ASIC miners, with choices between solo and pool mining to suit different mining strategies. Solo mining offers independence, while pool mining increases chances for rewards.

BlockDAG’s market impact is further confirmed by raising over $58.5 million through 20 presale rounds, with early backers witnessing a 1400% gain since the initial offering. As the presale batches continue, experts foresee a potential 30,000x ROI at launch.

Final Thoughts

As PEPE’s rising prices and XRP’s bullish forecasts excite the crypto community, BlockDAG’s X10 Miner offers an attractive prospect for budding miners. Its compact, efficient design and notable daily earnings of up to $10 place it among the top cryptocurrencies. With multiple mining options like cloud, hardware, solo, and pool mining, BlockDAG promises a rewarding and accessible mining venture. With its ongoing presale, collecting over $58.5 million, BlockDAG is poised for a bright future in the cryptocurrency arena.

Join BlockDAG Presale Now:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

https://themerkle.com/?p=84316

Craig Wright’s claim of inventing bitcoin may get him arrested for perjury

By: Daniel
17 July 2024 at 00:00
Craig Wright’s claim of inventing bitcoin may get him arrested for perjury

Enlarge / Dr. Craig Wright arrives at the Rolls Building, part of the Royal Courts of Justice, on February 6, 2024, in London, England.

A British judge is referring self-proclaimed bitcoin inventor Craig Wright to the Crown Prosecution Service (CPS) to consider criminal charges of perjury and forgery. The judge said that CPS can decide whether Wright should be arrested and granted two injunctions that prohibit Wright from re-litigating his claim to be bitcoin inventor Satoshi Nakamoto.

“I have no doubt that I should refer the relevant papers in this case to the CPS for consideration of whether a prosecution should be commenced against Dr. Wright for his wholescale perjury and forgery of documents and/or whether a warrant for his arrest should be issued and/or whether his extradition should be sought from wherever he now is. All those matters are to be decided by the CPS,” Justice James Mellor of England’s High Court of Justice wrote in a ruling issued today.

If Wright actually believes he is Nakamoto, “he is deluding himself,” Mellor wrote.

Mellor previously found that Wright “lied repeatedly and extensively” and forged documents “on a grand scale” in a case related to Wright’s claim that he is Nakamoto. The case began when Wright was sued by the nonprofit Crypto Open Patent Alliance (COPA), which said its goal was to disprove Wright’s bitcoin-inventing claim and stop him from claiming intellectual property rights to the system.

Wright’s location unknown

Wright’s location is unknown, today’s ruling said. “The evidence shows that Dr. Wright has left his previous residence in Wimbledon, appears to have left the UK, has been said to be traveling and was last established to be in the time zone of UTC +7,” Mellor wrote.

COPA asked Mellor “to dispense with personal service of the final Order on Dr. Wright” because his whereabouts are a mystery. COPA told the court that “Dr. Wright may either be deliberately evading service or at least is peripatetic and is very difficult to locate.” Mellor wrote that COPA’s view “seems to me to be fully justified and warrants the order which COPA seeks as to service of my final Order on Dr. Wright at his solicitors.”

After the events of the trial, Mellor’s decision to refer Wright for a perjury prosecution was apparently an easy one. “As COPA submitted, if what happened in this case does not warrant referral to the CPS, it is difficult to envisage a case which would… In advancing his false claim to be Satoshi through multiple legal actions, Dr. Wright committed ‘a most serious abuse’ of the process of the courts of the UK, Norway and the USA,” Mellor wrote.

Anti-lawsuit injunction

Mellor also approved COPA’s request for injunctions that prohibit Wright from bringing certain kinds of lawsuits based on his bitcoin-inventing claim. As the Associated Press reported, the approved injunctions are intended to prevent Wright “from threatening to sue or filing lawsuits aimed at developers.”

The COPA requests approved by Mellor were for “an anti-suit injunction preventing Dr. Wright or the other Claimants in the related claims from pursuing further proceedings in this or other jurisdictions to re-litigate his claim to be Satoshi,” and “a related order preventing him from threatening such proceedings.”

Mellor declined to issue additional orders preventing Wright from asserting legal rights as Nakamoto, preventing re-publication of Wright’s fraudulent claims, and requiring him to delete previously published statements. The judge said there was some overlap between the injunction requests that were approved and those that were not. Moreover, Wright would have difficulty convincing anyone that he invented bitcoin without violating the two approved injunctions.

Although there is a slight risk that “certain people may start to change their minds or begin to believe that Dr. Wright is Satoshi… I am inclined to the view that the effect would be small. Right-thinking people are likely to regard those assertions as hot air or empty rhetoric, even faintly ridiculous,” Mellor wrote.

Similarly, an order to delete statements “would be disproportionate” and is unnecessary because “anyone with an interest in Bitcoin will have been aware of the COPA Trial and know of the outcome,” Mellor wrote. However, the judge decided that COPA can make the requests again if it turns out to be necessary.

“I accept that my assessment may turn out to be off the mark. Furthermore, the evidence shows that whilst Dr. Wright has modified his public statements following the outcome of the COPA Trial, that may well turn out to be temporary. Dr. Wright is perfectly capable, once the dust has settled, of ramping up his public pronouncements again,” Mellor wrote.

Because of that possibility, Mellor said COPA has “permission to apply, for a period of 2 years, for any further injunctive relief they consider they can establish to be required to protect the interests of the corporate entities they represent as well as the individuals in the Bitcoin community who have suffered due to Dr. Wright’s false claim to be Satoshi.”

https://arstechnica.com/tech-policy/2024/07/craig-wrights-claim-of-inventing-bitcoin-may-get-him-arrested-for-perjury/

Received — 16 July 2024 ⏭ The Crypto Daily News

mPerks theft suspect to give up $630K in cryptocurrency, cash under plea

By: Daniel
16 July 2024 at 22:00
mPerks theft suspect to give up 0K in cryptocurrency, cash under plea

A 22-year-old Grand Haven man has agreed to forfeit about $630,000 in cryptocurrency and cash as well as give up his computer tower after pleading guilty to dark web buying and selling of stolen mPerks account access information.

Nicholas Mui pleaded guilty Monday to conducting a criminal enterprise in the Kent County Circuit Court.

Thousands of Meijer customers were compromised in the crime, Michigan Attorney General Dana Nessel said in January, and Meijer was forced to make the customers whole to the tune of more than $1 million.

The investigation, which began in the spring, was led by Meijer investigators, Michigan State Police and the attorney general’s FORCE (Focused Organized Retail Crime Enforcement) team.

“Their complex investigation has been instrumental in securing hundreds of thousands of dollars in restitution and safeguarding a loyalty program used by many across our state,” Nessel said Tuesday.

Mui is expected to be sentenced Sept. 5. As part of his plea agreement, one count of using a computer to commit a crime and seven counts of identity theft were dropped.

Mui was accused of acquiring mPerks account information from the dark web and then selling the data to people who later used the points on Meijer purchases. At the time of his arraignment, officials said they had seized about $20,000 in cash and $460,000 in digital currency wallets.

Nessel’s office and Michigan State Police were contacted last spring by Meijer, which had received complaints from multiple customers saying their mPerks points had been wiped from their accounts. mPerks is a loyalty program through which Meijer customers can accumulate points to use as store credits.

During their investigation, officials found account login information and the points contained in those accounts were being marketed in encrypted chats and foreign online markets, Nessel said earlier this year. One seller, “Alphaland,” stood out in the number of sales being performed of mPerks in exchange for cryptocurrency and digital currency.

Alphaland, when tracked by investigators, was found to have more than 300 digital currency wallets using five different cryptocurrencies, but primarily using Bitcoin, Nessel said.

Officials tracked the seller’s activity to Mui’s home in Ottawa County. Mui allegedly cross-checked the login information with mPerks to determine how much each account obtained and then advertised the login information and account contents online.

Officials believe the information sold online was not obtained through a direct breach of Meijer’s system, but likely through an earlier largescale breach of separate software such as MyFitness Pal, which had 150 million accounts affected in a 2018 breach.

A software was likely used to analyze the data from the separate breach and crosscheck that stolen login information against other accounts, such as mPerks, that may have used the same username and password.

eleblanc@detroitnews.com


https://www.detroitnews.com/story/news/local/michigan/2024/07/16/mperks-theft-suspect-to-give-up-630k-in-cryptocurrency-cash-under-plea/74424175007/

Lark Davis Predicts Bitcoin’s Path to $100k, Identifies Strong Meme Coins With Double-Digit Gains

By: Daniel
16 July 2024 at 12:25
Lark Davis Predicts Bitcoin’s Path to 0k, Identifies Strong Meme Coins With Double-Digit Gains

Bitcoin’s recent surge past the critical $60k mark sparked widespread excitement across altcoins, shifting sentiments from red to green. However, whether this signals a confirmed bullish breakout remains uncertain.”

Analyst Lark Davis opened up about the recent developments in Bitcoin’s price action and pointed out that Bitcoin has successfully broken out of a downtrend, moving past the 200-day EMA, and blasting through the $60k and $62k levels, as well as the 50-day and 100-day exponential moving averages.

He supported the bullish outlook, noting the potential for a technical retest around $63,000 to test the 50-day and 100-day as support, or even around $62,000. Despite the bullish sentiment, Davis reminded everyone that markets do not move in a straight line and corrections are natural.

The key level to watch is $72,000. Davis expressed excitement about the bullish momentum and the positive market reaction, citing factors like potential rate cuts, rising global liquidity, increasing regulatory clarity, and the possibility of a pro-crypto U.S. presidency. He warned that despite the excitement, Bitcoin is still ranging sideways until it breaks the $72,000 level.

The analyst then opened up about the possibility that recent price action could represent a spring in a Wyckoff reaccumulation pattern, potentially pushing Bitcoin to a target range of $90k to $100k in the next market cycle. He once again explained the importance of breaking the $72,000 level for a confirmed bullish breakout.

Davis also gave a quick update on some of the top-performing altcoins recently. Meme coins stole the spotlight with MCoin surging 20%, Floki up 12%, Dogwifhat climbing 15%, and Pepe rising 16% in just 24 hours. 

He then turned to Solana, noting its dominance in decentralized exchanges (DEXs), where it now commands 30% of the total trading volume across all blockchains. Davis expressed a longstanding belief that only a few blockchains will ultimately capture most user activity, questioning the proliferation of competing platforms with limited adoption beyond initial hype.

https://coinpedia.org/news/lark-davis-predicts-bitcoins-path-to-100k-identifies-strong-meme-coins-with-double-digit-gains/

Crypto exchanges step up compliance as investor protection law takes effect

By: Daniel
16 July 2024 at 12:15
Crypto exchanges step up compliance as investor protection law takes effect

Local cryptocurrency exchange operators are ramping up their regulatory measures as the introduction of the virtual asset user protection law nears in South Korea.

On Tuesday, the Digital Asset Exchange Alliance, a body of five top local crypto exchange operators, introduced a guideline that advises exchanges to monitor abnormal transactions. It further released a revision of the guideline on the internal control standards of the exchange operators.

The movement comes as the Act on the Protection of Virtual Asset Users is to be enacted in Korea on Friday, requiring virtual asset service providers here to keep guard against abnormal transactions, including unusual fluctuations in the prices or trading volumes of listed coins. They are required to report the cases to financial regulators and take measures to protect users.

In line with the efforts, Bithumb Korea, operator of the country’s No. 2 cryptocurrency exchange, said Tuesday it had launched a monitoring committee the previous day, to keep guard against market disturbance. The committee is headed by CEO Lee Jae-won.

“The committee will be operated year-round to respond to abnormal transactions and unfair trade practices,” said Jang Doo-sik, head of the market oversight division at the company.

“Bithumb will work to keep a closer and more systematic watch on the market,” Jang said.

With the establishment, Bithumb Korea has a total of five committees, also watching over its compliance, supervising user protection, ensuring prevention of money laundering and internal control.

Earlier this month, the operator also introduced a reward to encourage individuals to report on employees’ engagement in unfair trading practices. The reward goes up to 300 million won ($220,000).

Dunamu, operator of Korea’s largest cryptocurrency exchange Upbit, has also been working on strengthening its control system in recent months. In the first half of this year, it started to operate a system that keeps a record of asking prices of trading.

“Under the new law, exchanges have to keep account of asking prices, along with other details of the orders such as the date and time. Upbit was the first to operate the track system among local exchanges, even before the enactment of the user protection law,” an official from Dunamu said.

Along with the implementation of monitoring systems under the new law, tighter regulations will be imposed on the local virtual asset market from Friday.

As part of the movement, local exchanges are to reexamine the listing of some 600 coins traded here. The exchanges are to screen listed coins for six months from Friday, to drop coins that lack credibility, with insufficient information on issuance and distribution volume. After the six-month period, the exchanges are to conduct the screening every three months.



https://news.koreaherald.com/view.php?ud=20240716050657

BlockDAG’s Dev Release 73 Highlights X1 Miner’s Enhancements

By: Daniel
16 July 2024 at 12:05
BlockDAG’s Dev Release 73 Highlights X1 Miner’s Enhancements

BlockDAG has unveiled its latest development update, Dev Release 73, which shares significant recap regarding the enhancements to the X1 Miner app. These updates are aimed at improving performance, streamlining user experience, and bolstering the app’s mining capabilities. With a focus on user engagement and efficiency, BlockDAG continues to solidify its position as a leader in the crypto mining industry. This latest release is particularly exciting for investors, as predictions indicate the potential for BDAG to reach $30 by 2030, turning daily X1 mining efforts into $600 per day earnings.

Understanding BlockDAG: A Revolution in Crypto Mining

BlockDAG has been at the forefront of crypto innovation, offering a unique and user-friendly mining experience. The X1 Miner app, available on the App Store, is a testament to this commitment. It allows users to mine BDAG coins effortlessly from their smartphones.

BlockDAG’s X1 Miner employs a cloud-based mobile mining application, leveraging an energy-efficient consensus algorithm. This ensures that users can mine without draining their battery or consuming excessive data. With the capability to earn up to 20 BDAG coins per day, the app is not only functional but also profitable for its users. The mining process is further enhanced by the app’s compatibility across various devices, ensuring a smooth experience regardless of the user’s choice of platform.

The success of BlockDAG’s presale underscores the community’s confidence in the project. Starting at Batch 1 with a price of $0.001, the presale has now reached Batch 20, priced at $0.015. So far, BlockDAG has raised $58.3 million, with a total supply of over 12.1 billion BDAG coins. Additionally, the sale of over 9,100 miners has brought in $3.7 million. These figures highlight the growing interest and investment in BlockDAG, positioning it for significant growth in the coming years.

Furthermore, analysts and experts are predicting that BlockDAG will potentially reach $30 by 2030. This means the X1 miner app’s capability of churning out 20 BDAG coins per day will translate to $600 daily.

Dev Release 73: Key Enhancements and Optimizations

The latest Dev Release 73 brings a series of pivotal improvements to the X1 Miner app. The week started with a sprint planning meeting where the development team outlined their goals, focusing on enhancing application performance and user experience. One of the major updates includes the introduction of a caching mechanism that stores frequently accessed data, enabling the app to retrieve information more efficiently and provide a smoother user experience.

The leaderboard functionality has also been optimized for quicker load times and a more responsive interface, allowing users to view their rankings in real time. Additionally, a new status symbol has been added to provide users with detailed information about their activities within the app, enhancing transparency and clarity.

BlockDAG’s commitment to a fair and robust consensus process is evident in the improvements made to the Proof of Work (PoW) mechanism. These enhancements aim to improve fairness, scalability, decentralization, and security, strengthening the overall system. Furthermore, pagination has been added to the referral module, addressing previous limitations and allowing users to navigate through their referrals more easily. The pull-to-refresh functionality on the groups and leaderboard pages also improves user experience by enabling data updates with a simple gesture.

Midweek, a planned demo for the blockchain explorer was successfully conducted, with the team currently addressing feedback to ensure continuous improvement. The week concluded with the exciting news of Apple’s approval of the BlockDAG X1 Miner app, making it globally available for download. This approval underscores the app’s quality and the team’s dedication to addressing user feedback and queries promptly.

Wrapping Things Up

BlockDAG’s Dev Release 73 represents a significant leap forward in enhancing the X1 Miner app, making it more efficient and user-friendly. With these updates, users can expect a smoother mining experience, enhanced transparency, and improved app performance. BlockDAG’s successful presale, which has raised over $58.3 million and reached Batch 20 at $0.015, showcases the growing confidence in BDAG’s potential. The projected $30 price for BDAG by 2030 further fuels investor optimism, making X1 miners’ daily mining efforts potentially worth up to $600. As BlockDAG continues to innovate and improve, it solidifies its position as a leader in the crypto mining industry, offering substantial returns and a robust platform for users and investors alike.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.



https://www.crypto-reporter.com/news/blockdags-dev-release-73-recap-on-x1-miner-apps-enhancement-as-mining-starts-with-an-optimistic-600-daily-earning-potential-70723/

Powell’s speech, Bitcoin, retail sales

By: Daniel
16 July 2024 at 11:55
Powell’s speech, Bitcoin, retail sales

Investing.com — Comments from Fed chief Jerome Powell have cemented expectations that the Federal Reserve will start cutting interest rates in September. Investors will look to retail sales data for confirmation of a slowing economy, while there are more bank earnings to digest during the session. Meanwhile bitcoin has gained as traders see a Trump presidential victory as more likely after the assassination attempt.

1. Cementing a September rate cut

Confidence is growing that the will agree to an interest rate cut in September, after Chairman ’s reasonably dovish comments on Monday.

In what could be his last public comments before the Fed goes into a blackout ahead of its July 30-31 policy meeting, Powell remained cautious but suggested that recent inflation data have been in the right direction for the inflation rate to return to the Fed’s target of 2%.

“In the second quarter, actually, we did make some more progress” on taming inflation, Powell said at an event at the Economic Club of Washington. “We’ve had three better readings, and if you average them, that’s a pretty good place.”

Powell also said he does not see the U.S. economy hitting major economic turbulence or an outright recession.

The comments were enough for markets to once again shift rate expectations, with traders anticipating 68 basis points of easing this year. A rate cut in September is now fully priced in, the CME FedWatch tool showed.

2. Futures slip ahead of retail sales data

U.S. stock futures slipped back Tuesday from record levels, as investors look for more clues about the health of the U.S. economy in the form of retail sales and bank earnings. 

By 04:10 ET (08:10 GMT), the contract was 40 points, or 0.1%, lower, dropped 9 points, or 0.2%, and fell by 22 points, or 0.2%.

The main indices closed higher on Monday, with the blue chip closing at a new record high, as investors were buoyed by the perceived increased likelihood of a Republican president, which could pave the way for favorable tax and fiscal policies for investors. 

There are more earnings to digest Tuesday, mainly from the banking sector, but a lot of focus will also be on the release of the U.S. data for June.

This is expected to show a fall of 0.3% on a monthly basis, as consumers struggle with elevated interest rates and high prices. 

3. Trump selects Vance as running mate

Donald Trump reentered the spotlight on Monday, receiving a rapturous welcome on the first day of the Republican National Convention in Milwaukee, just a few days after surviving an assassination attempt in Pennsylvania on Saturday.

Trump was officially nominated to be the party’s 2024 presidential candidate, and announced U.S. Senator J.D. Vance as his running mate.

The four-day convention will culminate with Trump’s prime-time address on Thursday, when he formally accepts the party’s nomination to face President Joe Biden in a rematch of their 2020 race.

The attack has bolstered expectations of a Trump victory in the November election, particularly in the wake of Biden’s weak performance in the first debate between the two players last month.

President Biden gave an interview to NBC on Monday, dismissing concerns about his mental health  and indicated that he had no intention of dropping his bid for reelection.  

The race between Trump and Biden remains close, according to public opinion polls, though Trump leads in several swing states likely to decide the election.

4. More bank earnings

The banking sector will remain in focus Tuesday, with the likes of Bank of America (NYSE:), Morgan Stanley (NYSE:) and Charles Schwab (NYSE:) scheduled to report quarterly earnings before the open.

Goldman Sachs (NYSE:) stated, on Monday, that its profit more than doubled in the second quarter on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021.

The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings.

“We expect that stock investors will be focusing on Q2’s earnings reporting season over the rest of this month through early August,” said analysts at Yardeni Research, in a note.

“If earnings turn out to be better than expected (as we project), then the bull market should broaden as investors continue to discount cuts in the federal funds rate later this year, as they did on Thursday and Friday. The breadth of positive three-month forward earnings growth rates among the companies continues to widen.”

5. Bitcoin in demand

price rose on Tuesday, adding to the previous session’s gains, buoyed by the prospect of friendlier crypto regulations in the U.S. if Donald Trump was to win a second term in the 2024 presidential race. 

At 04:10 ET (08:10 GMT), Bitcoin rose 0.3% to $63,115, gaining almost 9% this week, and almost 50% year to date.

Speculation over Trump helped the token rise past concerns over selling pressure from distributions by defunct crypto exchange Mt Gox, which had seen Bitcoin crash to as low as $54,000 earlier in July.

Bitcoin’s rebound came after a failed assassination attempt on Trump, over the weekend, was seen as greatly boosting the former president’s popularity.

Trump has maintained a largely supportive stance towards the crypto industry, recently stating that the future of Bitcoin should be built in the U.S. and not overseas.

This contrasts with a slew of crackdowns against the industry by the SEC and the Department of Justice in recent years.

 



https://www.investing.com/news/economy/powells-speech-bitcoin-retail-sales–whats-moving-markets-3520171

Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title

By: Daniel
16 July 2024 at 09:50
Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion. 

Dogwifhat (WIF) Leads The Pack

According to Forbes, Dogwifhat has emerged as the leading performer among the group of coins, with a market cap of more than $1 billion, recording a 1,300% gain from a low of $0.111 since December 2023.

Close behind is Pepe (PEPE), recording gains of nearly 800%. At the same time, another meme coin that has significantly increased is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu dog, recording a 418% increase over the same period. Similarly, Shiba Inu (SHIB) has seen a 67% increase. 

Related Reading

While meme coins dominate the spotlight, the report notes that several tokens outside the meme coin realm have also showcased remarkable rallies, surpassing Bitcoin’s performance. 

ETH, the token of the Ethereum network, is up 51% and is poised for potential gains after the expected full approval of the spot Ethereum ETF market, similar to Bitcoin, anticipated to be traded in the coming weeks. 

Binance Coin (BNB), issued by the world’s largest crypto exchange by trading volume, has also surged 81%, outperforming BTC’s price action despite recent regulatory and legal challenges faced by billionaire former CEO Changpeng Zhao (CZ), who is currently serving a 6-month sentence following a plea deal with US authorities in 2023.

Meme Coin Bonanza

While WIF has become the star performer with a 1,306% increase, its market cap has also made a notable recovery in recent months after losing a high of almost $4 billion to currently reach a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place in the top 100 cryptocurrencies on the market. 

Pepe also follows behind WIF in this key financial metric, reaching a market cap of $5 billion. However, the two are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which currently stand at $17 billion and $10 billion, respectively, being the largest meme coins in the crypto market. 

Related Reading

Other coins, such as Artificial Superintelligence Alliance, also outperformed the largest cryptocurrency on the market, surging 545% to reach a market cap of $3.6 billion during the same period, while Floki experienced a growth of 392% to reach a market cap of $1.6 billion following the recent market slump recorded since March and April highs. 

The 1-D chart shows WIF’s price trending upwards. Source: WIFUSD on TradingView.com

At the time of writing, WIF continues to rally and is trading at $1.899, up over 14% in the last 24 hours. However, the meme coin is trading 60% below its all-time high of $4.83, set in March 2024. 

Featured image from DALL-E, chart from TradingView.com 


https://www.newsbtc.com/news/solanas-dogwifhat-wif-skyrockets-1300-and-claims-forbes-best-performing-crypto-title/

Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

By: Daniel
16 July 2024 at 00:20
Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

The altcoin market had been trending down over the past two weeks, but a key indicator reveals that the recent drawdown could indicate a “relative momentum bottom,” which, if history repeats, could soon see a “concerted take-off,” according to crypto analysts. 

The crypto Top 200 Equal Weight Index is “still trending down, but the Altseason indicator shows that the recent washout when it hit 10% was likely a relative momentum bottom,” according to Chief Crypto Analyst at Real Vision Jamie Coutts.

The crypto Top 200 Equal Weight Index is an equally weighted index that seeks to track the performance of the top 200 cryptocurrencies by market capitalization from that of Bitcoin.

Coutts shared the chart below, showing that the index has been trending downward, with the Altseason Indicator reaching a low of 10%. This meant that “only 10% of the top 200 were outperforming BTC on a 90-day look back,” the analyst explained.

Historically, this has marked a bottom for the market, preceding a sustained rally in altcoins.

“Altcoins could still bounce around these levels for a while before we see a concerted take-off, many have started to build decent bases. ”

Crypto Top 200 Equal Weight Index vs. Daily Active User count vs. Altseason Indicator. Source: Jamie Coutts

Coutts also considered another indicator across the broader crypto market—the daily active user (DAU) count—to support his prediction about the direction of the altcoin market.

DAU is a metric that reflects the number of unique public addresses transacting on a blockchain each day.

Coutts noted that the DAU count across all blockchains is up 97% year-to-date, suggesting that “growth continues unabated.”

More users means more user fees which translates to “higher asset prices,” he stated.

“I think some Altcoins out there are ready for round 2,” popular crypto analyst Moustache said in a July 15 post, adding that the highly anticipated launch of spot Ethereum ETFs could provide the required hindwings.

In an earlier post, Moustache shared the following chart showing that the altcoin market cap was repeating a similar setup as in 2020 before embarking on “their strongest wave in the bull run.”

Source: Moustache

It’s still Bitcoin season

The Bitcoin dominance chart — measuring BTC’s market share relative to the overall crypto market — is one of the indicators commonly used to indicate whether the altseason has begun. It can provide traders with the overall investor sentiment and risk appetite in the market.

This indicator had been on an upward trend since the beginning of 2024, reaching a three-year high of 56.5% on April 13. At the time of publication, BTC dominance is at 54%, indicating that it is still Bitcoin season.

Bitcoin Market Dominance. Source: TradingView

This means altcoins are still underperforming Bitcoin.

According to data from Blockchain Center, only 37% of the top 50 altcoins have outperformed BTC during the last three-month period. Although this is a positive sign, it is still not enough to declare an altcoin season. For an altseason to be declared, this percentage has to move above 75%.

Altcoin season index. Source: Blockchain Center

This means that although signs of an altcoin season are starting to merge, it might be too early to make the call.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

https://cointelegraph.com/news/time-for-altseason-analysts-say-altcoin-market-is-near-momentum-bottom

Hong Kong Adds Seven Unlicensed Crypto Exchanges to its Alert List

By: Daniel
16 July 2024 at 00:10
Hong Kong Adds Seven Unlicensed Crypto Exchanges to its Alert List

Last updated:

| 1 min read

Source: Pixabay/ alexsl

The Hong Kong Securities and Futures Commission (SFC) has identified seven unauthorized cryptocurrency exchanges and placed them on its Alert list for conducting unauthorized activities in the region without obtaining the required licenses.

Hong Kong SFC’s Alert List


This public record, also known as the Alert list, has been maintained since January 2020. On July 5, seven unlicensed crypto exchanges were added, bringing the total to 39 entries, with 28 unlicensed crypto exchanges flagged this year alone.

The Hong Kong SFC is in charge of the public record that contains all registered, unregistered, and unlicensed crypto exchanges in the region.

The seven unlicensed crypto exchanges include Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest.

These unlicensed crypto exchanges are suspected of engaging in fraudulent activities and compromising the safety of investors in line with their registration status with the SFC.

Earlier this year, the SFC advised all crypto exchanges to apply for operational licenses as part of Hong Kong’s broader plan to assume the position of a regulated crypto hub.

The SFC released a regulatory deadline for crypto license applications that elapsed on May 31. Over 22 exchanges submitted their applications, while some others decided to opt out just before the cutoff date.

On May 14, just a few weeks before the deadline, HTX withdrew its Hong Kong application for the second time. Also, in May, Gate.io suspended its crypto licensing application in Hong Kong.

Hong Kong Is Determined to Ensure Crypto Regulatory Compliance


Since early 2024, Hong Kong has demonstrated a strong commitment to enforcing regulatory compliance in the crypto trading sector. The region has taken decisive measures to achieve this goal.

The Hong Kong Securities and Futures Commission (SFC) took swift action, mandating the closure of unlicensed crypto exchanges that failed to submit license applications by the specified deadline.

At the same time, the HK government has implemented initiatives to bolster the region’s appeal as a premier hub for crypto and technology investments, fostering a favorable environment for innovation and growth.

In addition, government officials have been actively courting foreign investment, attending conferences, and showcasing Hong Kong’s offshore technology hub to Web3 entrepreneurs.

https://cryptonews.com/news/hong-kong-adds-seven-unlicensed-crypto-exchanges-to-its-alert-list.htm

$200 Daily Earnings by 2025 with BlockDAG’s X1 Mobile Mining App; Polygon Investors’ Optimism & Dogecoin Latest Updates

By: Daniel
16 July 2024 at 00:00
0 Daily Earnings by 2025 with BlockDAG’s X1 Mobile Mining App; Polygon Investors’ Optimism & Dogecoin Latest Updates

Polygon investors remain optimistic despite market downturns, while Dogecoin updates continue to draw attention to Elon Musk’s influence. Meanwhile, BlockDAG (BDAG) is revolutionizing mobile mining with the innovative X1 Miner App. Users can mine up to 20 BDAG daily, with additional referral rewards boosting earnings.

The stability in MATIC’s adoption rate suggests the potential for further growth. Elon Musk’s cheeky response to a Dogecoin designer’s critique on X reflects the fun nature of meme-coins. BlockDAG’s innovations, like the ROI Calculators on the website, enhance user experience. This has led to a presale surge, with BlockDAG recently entering Batch 20, achieving a coin price of $0.015, raising $58.3 million, and selling 12.2 billion coins.

Polygon Investors Confident in MATIC’s Recovery

Polygon investors remain confident despite the current crypto market downturn, with a stable adoption rate of 34%. This indicates that Polygon investors firmly believe in the long-term value of MATIC.

Even though the live price of Polygon is $0.55 per MATIC, the continuous interest from Polygon investors highlights their optimism for a potential rebound. The stability in MATIC’s adoption rate, coupled with positive sentiment among Polygon investors, suggests that the recovery and growth of MATIC remain promising despite current challenges.

Recent Dogecoin Updates Highlight Elon Musk’s Influence

Dogecoin updates have recently gained attention due to interactions involving Tesla CEO Elon Musk. Musk responded to a Dogecoin designer’s critique of President Joe Biden’s public interactions with a cheeky remark on social platform X.

This exchange highlighted Musk’s frequent engagement with the Dogecoin community. Musk was a Biden supporter, but now regrets his decision and leans towards the Republican Party. These Dogecoin updates underscore Musk’s influence and the ongoing dialogue within the ecosystem.

Maximise Earnings with BlockDAG’s X1 Miner App

BlockDAG’s X1 Miner App is revolutionising mobile mining by transforming smartphones into powerful BDAG coin mining devices. Available on the Apple Store, the X1 app features an innovative energy-saving algorithm that preserves battery life and data, ensuring sustainable and efficient mining. Users can mine up to 20 BDAG daily, with additional earning potential through a referral system that increases mining rates as referred users actively mine. The excitement surrounding the X1 app is palpable, as it enhances mining opportunities and offers rewards for active participation.

Moreover, BlockDAG’s crypto mining calculator helps users visualize their investment growth. For instance, mining 20 BDAG daily would equate to $20 when BlockDAG hits $1, $200 when it reaches $10 in 2025, and $400 when it hits $20 in 2027. The coin amount calculator features a responsive scale that shows the coin value corresponding to the Batch number, allowing users to understand the ROI potential of their BlockDAG assets.

Using the coin amount calculator and the mining profit calculator, users can track their investment growth as BDAG increases in value. This functionality, with the user-friendly BlockDAG website, makes it a standout in the crypto space.

Concluding Thoughts

While Polygon investors maintain their confidence and Dogecoin updates keep the community buzzing, BlockDAG emerges as the superior option with its groundbreaking X1 mobile mining app. This app lets users mine up to 20 BDAG daily and offers enhanced earnings through referrals. With the Coin Amount and Mining Profit Calculators providing an enhanced user experience, BlockDAG sets a new standard in the cryptocurrency world, making it the ultimate choice for investors seeking growth and sustainability.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

https://disruptafrica.com/2024/07/15/200-daily-earnings-by-2025-with-blockdags-x1-mobile-mining-app-polygon-investors-optimism-dogecoin-latest-updates/

BlackRock CEO Backs Bitcoin as Investment for Those ‘Frightened of the World’

By: Daniel
15 July 2024 at 23:50
BlackRock CEO Backs Bitcoin as Investment for Those ‘Frightened of the World’

We do the research, you get the alpha!

Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game!

Go to Alpha Reports

BlackRock CEO Larry Fink gave perhaps his most full-throated endorsement of Bitcoin yet on Monday, dubbing himself a “major believer” in the world’s top cryptocurrency—while simultaneously framing the asset as a choice investment for those with pessimistic outlooks on the world. 

“It is a legitimate financial instrument,” Fink said during an appearance on CNBC Monday morning. “I believe it is an instrument you invest in when you’re more frightened, though.”

Fink’s comments come just two days after a shooter attempted and failed to assassinate former president Donald Trump at a campaign rally in Pennsylvania on Saturday. In the wake of the calamitous event—during which one rally attendee was killed and two others were critically wounded—Bitcoin spiked to its highest point in weeks. 

“Political volatility is a catalyst for Bitcoin buying, and an assassination attempt on the leading Presidential candidate of the U.S. is an affront to democracy globally and reminds people of just how fragile the status quo is today,” Rich Rosenblum, co-founder of trading firm GSR, told Decrypt over the weekend.

While Fink did not reference the Trump shooting on Monday, he did explain that he sees Bitcoin chiefly as an attractive investment for those with a negative view of where the world is headed.

“If you want to hedge hope, Bitcoin is not an instrument for hope,” Fink said. “I look at it as a vehicle in which you’re expressing… [that] you’re more frightened of the world, you’re more frightened [for] your existence.”

The BlackRock CEO made clear that he personally views the world more optimistically. But his company—the largest investment firm in the world, with over $10.6 trillion in assets under management—has gone all-in on crypto in recent months, in some indication of how Fink thinks the rest of the world is thinking. 

Last summer, BlackRock appeared to singlehandedly shake up the fledgling campaign for a spot Bitcoin ETF by filing an application to list the product with the U.S. Securities and Exchange Commission (SEC). Within months, spot Bitcoin ETFs were a reality on Wall Street, with BlackRock leading the charge.

Those moves played a major part in boosting BlackRock last quarter to its highest value of assets under management ever—an accomplishment that shattered Wall Street’s expectations. 

BlackRock is further poised to soon become one of the first American issuers of spot Ethereum ETFs. The Wall Street giant also launched an Ethereum-based tokenized asset fund in March, which has so far been massively successful.     

In a bizarre twist, the now-deceased individual identified as the Trump rally shooter by the FBI, Thomas Matthew Crooks, appeared in a BlackRock ad in 2022.

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

https://decrypt.co/239863/blackrock-ceo-backs-bitcoin-investment-frightened-world

Received — 15 July 2024 ⏭ The Crypto Daily News

JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When

By: Daniel
15 July 2024 at 21:40
JPMorgan Says Crypto Liquidations Will End And Bitcoin Bull Market Will Begin, Here’s When

American multinational finance company, JP Morgan has maintained a bullish stance on the Bitcoin price outlook despite recent bearish trends. The bank has announced the timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market. 

JP Morgan Predicts Bitcoin Market Rebound In August

In a research report on Wednesday, JP Morgan suggested that BTC liquidations should abate this July, foreseeing the start of a strong bull market as bearish trends caused by sell-offs subside. While the bank believes that a market recovery is imminent, it is also skeptical about the sustainability of high Bitcoin inflows in its year-to-date flow into crypto assets.

Related Reading

For one, JP Morgan has revised and grossly reduced its former year-to-date crypto net flow from $12 billion to $8 billion. So far this year, Spot Bitcoin ETFs have been the major driver for substantial inflows into the crypto market. 

JP Morgan’s skepticism also stems from Bitcoin’s high price relative to its production cost and the price of gold. A crypto analyst from the bank, Nikolaos Panigirtzoglou has suggested that the bank’s reduction in the estimated year-to-date net flow was also due to the recent decline in Bitcoin reserves across exchanges. 

The decline in Bitcoin reserves over the past month is believed to be a result of the ongoing selling pressures and widespread BTC liquidations executed by Mt Gox creditors and the German government. As mentioned earlier, JP Morgan has predicted that this BTC sell-off will officially end in July, giving rise to a substantial bullish rally for Bitcoin in August.

Following the bank’s predictions, many crypto analysts and community members have suggested that the recent upsurge in Bitcoin’s price is the continuation of a strong bull market. 

A crypto analyst identified as ‘CryptoYoddha’ on X (formerly Twitter) has revealed that the German government was preparing to sell their remaining BTC just before the bull run. Despite the aggressive selling by the German government and the subsequent market turmoil, the analyst noted that Bitcoin still appears bullish. 

About The Ongoing BTC Liquidations

Earlier in June, Mt Gox announced that it would be making repayments to creditors in July. While the defunct Bitcoin exchange’s decision to start its repayment process comes as good news to creditors, there is also an underlying unease concerning potential Bitcoin sell-offs.

Related Reading

With creditors steadily receiving part of Mt Gox’s 142,000 BTC payment worth about $9 billion, the market fears are somewhat justified as a widespread Bitcoin dump would have a major impact on the price of the cryptocurrency. In addition to Mt Gox’s substantial Bitcoin redistribution plans, the German government has also been seen selling almost 100% of its Bitcoin holdings seized from criminals. 

These substantial crypto liquidations have put a major damper on the price of Bitcoin, triggering serious price declines that have significantly delayed the highly anticipated Bitcoin bull run. A crypto analyst identified as ‘Rekt Capital’ has indicated that the Bitcoin bull market based on standard halving cycles has already advanced by 40.1%. 

BTC bulls push price above $62,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com


https://www.newsbtc.com/crypto/jpmorgan-bitcoin-bull-market/

Top Altcoins To Stack As Bitcoins Hints Fresh Rally!

By: Daniel
15 July 2024 at 12:15
Top Altcoins To Stack As Bitcoins Hints Fresh Rally!

With the price of Bitcoin adding over 12.73% to its portfolio this week, the crypto market has started stabilizing, indicating increased price action within the crypto space. Moreover, top BTC-influenced altcoins have displayed a similar trend and experienced a massive price surge within a short period.

With the increasingly bullish sentiment in the cryptocurrency market, are you planning on investing in Bitcoin-based altcoins but are confused about their future price prospects?

Scroll down as, in this article, we have covered the top 3 altcoins that are highly influenced by the price of Bitcoin and are poised to record a massive uptrend in their respective valuations during the upcoming bull market rally.

Ordi (ORDI):

The Ordi price has displayed a strong bullish recovery by recording a jump of 3.46% within the past 24 hours. Moreover, with a positive trading week, the ORDI crypto has surged approximately 22%, resulting in it successfully retesting its crucial support trendline.

The technical indicator, MACD, has displayed a rising green histogram with its averages recording a bullish convergence. This indicates an increase in the bullish action for the Ordi coin price in the cryptocurrency market.

If the market continues to gain momentum, the ORDI price will prepare to retest its $50 mark this month. Conversely, a bearish action could result in this BRC-20 token retesting its crucial support level.

Bitcoin Cash (BCH):

Amid increased price volatility in the crypto market, the BCH price has jumped over 2% within the past day with a trading volume of $272.396 Million. Furthermore, the altcoin has surged 23.82% over the past week and has rewarded its long-term investors with a YTD of +50.01%.

The technical indicators, RSI and MACD have both displayed a significant bullish rise in their respective charts and are headed toward their upper range. This highlights a constant rise in the bullish sentiment for the BCH price in the crypto market.

If the market continues to trade under a bullish sentiment, the Bitcoin Cash price will head toward its upper resistance of $525.5 this month. However, a bearish reversal could pull the BCH coin price toward its low of $300.

SATS (1000SATS):

With the rising bullish sentiment in the crypto space, the SATS price has jumped approximately 5% over the past day and has skyrocketed 31.59% this week. This highlights a strong bullish reversal for the altcoin in the crypto space.

Moreover, with a circulating supply of 2.1 Trillion SATS tokens, and a market cap of $435.22 Million, this crypto is currently listed at the 138th spot in the global crypto list.

The Relative Strength Index (RSI) has recorded a sharp bearish curve above the neutral point. Whereas, the SMA indicator continues recording a bullish action. This highlights a mixed-price sentiment for the SATS crypto in the coming time.

If the bulls surpass their important resistance level of $0.0000002535, the STAS price will prepare to test its upper resistance level of $0.0000003845. Negatively, if the bears regain momentum, this altcoin will plunge toward its crucial support of $0.0000001225.

https://coinpedia.org/price-analysis/top-altcoins-to-stack-as-bitcoins-start-fresh-rally/

Binance Cryptic Tweet Stirs Speculations of Upcoming Support For SHIB

By: Daniel
15 July 2024 at 12:05
Binance Cryptic Tweet Stirs Speculations of Upcoming Support For SHIB

Binance, the world’s largest crypto exchange by 24-hour trading volume, shares a cryptic message that got members of the Shiba Inu community anticipating Shibarium support.

The image, captioned “pawsitively prepped for the next chapter!” featured a dog staring at two oranges placed on a traveling luggage. The Binance tweet triggered speculations among Shiba Inu community members, who attempted to decode its meaning.

Possible Shibarium Support

According to some SHIB enthusiasts, the cryptic message suggests that Binance could be planning to support Shiba Inu’s Layer-2 scaling solution, Shibarium. Binance potentially supports Shibarium and would enable users to deposit and withdraw assets via the L2 blockchain. 

Notably, popular community member ‘Sand’ was among those making this speculation. The X user also hinted at the possibility of Binance offering incentives relating to Shiba Inu ecosystem tokens, BONE, and LEASH.

Oh dear @binance, you teaser 💖
Is that support for #Shibarium? 😉 Or maybe you will gift the $shib some delicious $bone and a $leash?#ShibArmy awaits! https://t.co/bCoif35uq8

— 𝑺𝒂𝒏𝒅 | 🌍 Shibarium 🌏 (@Sand_ShibArmy) July 15, 2024

Also, Japanese-based Shiba Inu community figure Kuro suggested that they understand the message conveyed by Binance. In an X post today, Kuro redesigned the image accompanying the Binance tweet to include Shibarium, BONE, and LEASH logos.

I see what you mean, @binance.#TreatYourSelf #Shibarium https://t.co/Z5vRwfUEWb pic.twitter.com/BZlfAiMOgp

— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) July 15, 2024

Besides Shiba Inu, fans of other dog-themed tokens claimed that the exchange could be planning to support their favorite tokens, including Pawswap (PAW).

Is Binance Planning to Support SHIB Burn?

The development comes as Shiba Inu enthusiasts continue to urge Binance to support SHIB burns. It is no longer news that the community has hinted at plans to burn SHIB from leading crypto exchanges, including Binance and Coinbase.

On July 9, popular community figure Lola specifically asked Binance CEO Richard Teng to extend the exchange’s ongoing LUNC burn support to SHIB. Lola suggested that the exchange should burn SHIB using a portion of the token’s spot and margin trading fees.

The exchange has not responded to this request. Moreover, it is unclear whether the recent cryptic message relates to its plans to burn SHIB using a fraction of its trading fees.

However, Binance’s support for the SHIB burn could bolster the number of tokens permanently removed from circulation.

Data from Shibburn shows that 410,727,570,872,968 (410.72 trillion) SHIB have been destroyed via burns, leaving Shiba Inu with a total supply of 589.27 trillion tokens. The burn rate is up 30.4% over the past 24 hours to 844,269 SHIB.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-



https://thecryptobasic.com/2024/07/15/shiba-inu-binance-cryptic-tweet-stirs-speculations-of-upcoming-support-for-shib/

The 7 Best Free Cloud Mining Platforms In 2024

By: Daniel
15 July 2024 at 11:45
The 7 Best Free Cloud Mining Platforms In 2024

Have you heard of cloud mining platforms? In this age of AI and digital currency, cloud mining has become a popular way for people to mine cryptocurrencies without needing expensive hardware or advanced technical skills.

There are many free cloud mining platforms available, making it easier for anyone to get started.

In this article, we’ll explore the 7 best free cloud mining platforms in 2024. We’ll break down what each one offers, why they’re great, and how you can start mining without spending a dime. Whether you’re new to crypto or a seasoned pro looking for new options, these platforms are a great place to start.

1. GDMining

GDMining is the top choice for the best free cloud mining platform in 2024. It’s known for being super easy to use, running smoothly, and having really strong security. Whether you’re new to mining or you’ve been doing it for a while, GDMining offers a great mining experience. They’ve got a solid setup that makes sure everyone can make good money from mining.

GDMining is famous for giving users a top-notch mining experience. They keep everything transparent and don’t have any hidden fees so you know you’re getting the most out of your mining. Plus, their customer service is excellent and they’ll deal with any issues super quickly.

Key Features

● Free Mining Contract: Sign up now and get a $50 welcome bonus for free cloud mining to start making money.

● Daily Payouts: Get your earnings sent straight to your wallet every day.

● Solid Security: They’ve got really good security to keep your info and money safe.

● Easy to Use: The whole thing is easy to navigate, even if you’re new to mining.

● Referral Program: Get bonuses for bringing in friends and family.

2. Binance

Binance is another big cloud mining platform in the crypto world. It’s got the biggest exchange for trading crypto every day. Loads of people, like around 90 million, use Binance because it’s super easy and you can mine crypto straight from your phone or computer. You can join up real quick and get more mining power through their loyalty program. Plus, you might get paid out every eight hours from your mining sessions.

Key Features

● Mine using your mobile phone, computer, or tablet for convenience and flexibility.

● Enjoy the benefit of receiving potential earnings every eight hours.

● Easily trade between a variety of cryptocurrencies.

3. BeMine

BeMine is another cool platform for mining Bitcoin in the cloud. They really care about making things easy and safe for users. You can get your hands on some top-notch mining gear to make the most profit. Signing up is easy, and when you buy your first contract, they hook you up with five days of free mining gear. You can also team up with mining hotels to earn even more without dealing with gear yourself.

Key Features

● Partner with mining hotels to increase your mining profits.

● Comprehensive handling of equipment sales and upkeep.

● Engage in trading across various cryptocurrencies.

● Access expert advice on cryptocurrency investments.

4. StormGain

StormGain is also a big website in the crypto mining sector, serving over five million peeps in more than 230 countries. They’ve got everything you need for mining crypto, whether you’re just starting out or you’re a seasoned pro. It’s a smooth experience with all the tools and perks you need to get serious about mining.

Key Features

● Start mining without the need for physical mining hardware.

● Efficient mining that doesn’t drain your device’s resources.

● Quick, hassle-free mining operations with minimal risk.

● Integrated exchange for trading various cryptocurrencies.

5. KuCoin

KuCoin Pool is another leading cloud mining platform, focusing on making Bitcoin and Litecoin chains super secure. They offer all kinds of services with top-notch tech and can help you make big bucks from mining.

Key Features

● Ensures steady mining earnings by leveraging combined mining operations.

● Provides precise data on mining power to optimize performance.

● Implements strong security measures to protect user assets and privacy.

6. DeMi

DeMi is a Tokenized Mining Platform where you can earn Bitcoin rewards using DEMI tokens. It’s all about making mining easy—just buy some DEMI tokens, stake them, and you’ll get daily BTC rewards. They’ve got over 300 ASICs and a mining pool through ViaBTC with a total hash rate of over 36,000 Th/s. Plus, they make the most profit by using cheap electricity that costs $0.05 per KW.

Key Features

● Keep track of mining activities and rewards in real time.

● Utilize low-cost electricity to enhance mining profitability.

● Earn BTC rewards daily based on your stake in the mining pool.

● Designed to be accessible and intuitive, making it ideal for beginners.

7. BitDeer

BitDeer is a cloud service and mining platform based in Singapore. They’re all about making crypto mining safe and easy for everyone, whether you’re a newbie or an expert. With BitDeer, you can focus on growing your crypto stash while they handle all the tough bits for you.

Key Features

● Easily start mining with just one click.

● Stay informed with up-to-date mining performance analytics.

● User-friendly interface for intuitive navigation.

● Choose from a variety of service plans to suit your needs.

● Access reliable support whenever you need assistance.

What is Cloud Mining?

Cloud mining is a service where individuals rent mining capacity from companies that own and manage crypto-mining equipment remotely. Instead of owning the equipment, users pay a fee to use it. They earn rewards if the rented equipment successfully mines cryptocurrency blocks.

How Does Cloud Mining Actually Work?

In cloud mining, companies operate and maintain mining equipment on behalf of users. When a mining rig owned by the company successfully validates transactions on a blockchain (like Bitcoin), both the company and the user share in the block rewards, proportionate to their investment.

Final Thoughts

That’s a wrap on the top free cloud mining platforms for 2024! It’s a great opportunity to dip your toes into cryptocurrency without investing in expensive equipment. While it might not be a full-time gig just yet, it’s an excellent way to explore the world of crypto mining. Keep in mind that free cloud mining might mean lower earnings.

Make sure to research platforms, start small to get the hang of it, be on the lookout for hidden fees, and take a long-term approach. With these tips and by choosing a trusted platform, free cloud mining can be a fun and educational gateway into the world of cryptocurrency.

https://bitcoinist.com/the-7-best-free-cloud-mining-platforms-in-2024/

Bitcoin Rallies as Trump Optimism Powers Crypto After Shooting

By: Daniel
15 July 2024 at 11:40
Bitcoin Rallies as Trump Optimism Powers Crypto After Shooting

(Bloomberg) — Bitcoin jumped the most in three weeks after Donald Trump’s defiant response to an assassination attempt spurred speculation that the pro-crypto former president’s chances of winning reelection have improved.

Most Read from Bloomberg

The largest digital asset rose as much as 4.9% on Monday to top $63,000. Trump said he was shot in the right ear after gunfire erupted at a rally in Pennsylvania on Saturday, an episode that sparked global condemnation of political violence and shook the US presidential campaign.

Betting markets responded by immediately boosting the odds of a victory by Trump, who has cast himself as crypto-friendly in a bid to court undecided voters. Bitcoin’s advance right after the shooting mirrored its brief rally in the aftermath of President Joe Biden’s disastrous debate performance against Trump in late June.

“The Republican party has been pro-crypto and the increased probability of a Trump presidency is a positive which is boosting crypto markets,” said Benjamin Celermajer, chief investment officer at Magnet Capital.

One key question in global markets now is whether the “Trump trade” will gain momentum, based on the argument that his return to the White House would usher in tax cuts, higher tariffs and looser regulations. The organizers of a Bitcoin conference due to be held in Nashville, Tennessee on July 27 said he’s still scheduled to address the event.

Bitcoin “gained momentum” after the attempted assassination bolstered Trump’s chances of reelection, Tony Sycamore, market analyst at IG Australia Pty, wrote in note. The token traded at $62,953 as of 8:20 a.m. in London.

Advocates of the original cryptocurrency argue it acts as a store of value and hedge against political upheaval, a contentious claim given its inherent volatility.

Meeting Miners

Trump in June met with Bitcoin miners and in a subsequent post on his Truth Social account said Bitcoin mining may be “our last line of defense against a CBDC,” referring to a central bank digital currency. He added that he wants all remaining Bitcoin to be “MADE IN THE USA!!!”

The crypto sector is trying to bolster candidates seen as favorable to digital assets, including through big donations to the Fairshake political action committee. The industry has emerged as an influential player in the 2024 election in part to push back against a regulatory clampdown spearheaded by the Securities and Exchange Commission.

Trump’s campaign accepts donations in digital assets and a person familiar with the matter earlier said Trump discussed crypto policy with billionaire Elon Musk.

Bitcoin hit a record high of almost $74,000 in March, fueled by demand for dedicated US exchange-traded funds. The token then slipped back amid moderating inflows, apparent sales of seized tokens and fears of disposals by creditors of the failed Mt. Gox exchange.

–With assistance from Ishika Mookerjee.

(Updates with Bitcoin’s price move in first two paragraphs)

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

https://finance.yahoo.com/news/bitcoin-rises-trump-shooting-seen-024439943.html

Bitcoin breaks above the descending trendline

By: Daniel
15 July 2024 at 09:30
Bitcoin breaks above the descending trendline

  • Bitcoin price breaks above the descending trendline on Sunday, signaling a potential bullish momentum in the near future.
  • Ethereum’s price surges above the $3,240 level, marking a shift in market structure from bearish to bullish.
  • Ripple’s price breaches the daily resistance level at 0.499 on Saturday, signaling a potential bullish trend on the horizon.

 

Bitcoin (BTC) surged past its descending trendline on Sunday, suggesting bullish momentum ahead. At the same time, Ethereum (ETH) and Ripple (XRP) swiftly followed suit, breaking through their respective major resistance levels and paving the way for a bullish trajectory.

 

Bitcoin price sets for a rally following trendline breakout

Bitcoin price broke above the descending trendline on Sunday, trading 1% up at $61,365 on Monday. The trendline is formed by connecting multiple swing high levels from early June to mid-July.

If the trendline holds as pullback support around the $58,357 level, which coincides with the weekly support level, BTC could rally 9% from that level, targeting its daily resistance level of $63,956.

The Relative Strength Index (RSI) on the daily chart is trading above the neutral level of 50, and the Awesome Oscillator (AO) is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective mean levels. Such a development would add a tailwind to the recovery rally.

BTC/USDT daily chart

Conversely, if BTC closes below $56,405 and forms a lower low in the daily timeframe, it may signal persistent bearish sentiment. This scenario could trigger a 7.5% decline in Bitcoin’s price, targeting a revisit of its daily support at $52,266.

 

Ethereum price shows potential for further upside

Ethereum price broke above the $3,240 level on Sunday and, at the time of writing trades 0.87% up at $3,275 on Monday.

If the $3,240 level holds as support, ETH could increase 8.8%, targeting a retest of its daily high from July 1 at $3,524.

The Relative Strength Index (RSI) on the daily chart is trading above the neutral level of 50, and the Awesome Oscillator (AO)  is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective mean levels. Such a development would add a tailwind to the recovery rally.

If the bulls are aggressive and the overall crypto market outlook is positive, and ETH closes above $3,524, it could extend an additional rise of 5.5% to retest its daily high of $3,717 from June 9.

ETH/USDT daily chart

ETH/USDT daily chart

On the other hand, if Ethereum’s daily candlestick closes below $2,817, forming a lower low in the daily timeframe, it may signal persistent bearish sentiment. This scenario could trigger a 7% decline in Ethereum’s price, targeting a revisit of its daily support at $2,621.

 

Ripple price looks promising for the bulls

Ripple price broke above the daily resistance level of $0.499 on Saturday. Currently, it faces resistance around the $0.532 daily high level from June 5. At the time of writing, it trades 1.7% up at the $0.528 level.

If XRP closes above $0.532, it could rally 7.76% to retest its daily resistance level of $0.574.

On the daily chart, the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are currently positioned above their critical thresholds of 50 and zero, respectively. These momentum indicators strongly indicate bullish dominance.

Furthermore, surpassing the $0.574 level could pave the way for an additional 12% rally to retest the next daily high, recorded on April 9, at $0.643.

XRP/USDT daily chart

XRP/USDT daily chart

However, if Ripple daily candlestick closes below $0.413, it indicates sustained bearish sentiment, forming a lower low in the daily timeframe. Such a scenario could lead to a 16% decline in Ripple’s price, targeting a revisit of its low from March 12 at $0.347.



https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-bitcoin-breaks-above-the-descending-trendline-202407150304

Altcoin Market Capitalization Defends $850 Billion Support, Next Resistance at $1.2 Trillion ⋆ ZyCrypto

By: Daniel
15 July 2024 at 00:10
Altcoin Market Capitalization Defends 0 Billion Support, Next Resistance at .2 Trillion ⋆ ZyCrypto

Advertisement

&nbsp

&nbsp

The overall altcoin market capitalization (all cryptocurrencies excluding Bitcoin) has been volatile for the better part of the past few weeks. The secondary crypto market, often criticized for its volatility, lived up to its reputation by posting a 20% decline within the first five days of this month before recovering strongly in the last 72 hours. However, it successfully defended the $850 billion valuation before recovering above $950 billion yesterday.

This roller coaster ride in the secondary market has been a key factor in the crypto market’s recent descent into Fear, Uncertainty, and Doubt (FUD). The bullish enthusiasm generated by spot Bitcoin Exchange Traded Funds (ETFs) approval in January has largely dissipated. Bitcoin, the largest cryptocurrency by market capitalization, was expected to hold above $60,000 for the foreseeable future before an eventual recovery in the third and fourth quarters of this year. As the altcoin market typically follows the gains of the leading digital currency, it was also expected to remain sluggish.

Altcoins Respond to Selling Pressure

However, the German government’s surprise sale of BTC and the Mt. Gox compensation payout upended the market at the end of the second quarter. Entering July cautiously, the digital currency space witnessed a dramatic sell-off, with BTC plummeting below $54,000 within a week. The secondary market fared even worse, dragged down by the slide in Bitcoin. Fortunately, both markets managed to stabilize and partially recover by the end of the second week.

Here is a graph of the altcoin market since the start of the month:

Image Source: TradingView

However, if we zoom out to understand the situation better, here is its graph since mid-2021:

AdvertisementFollow ZyCrypto On Google News

&nbsp

Image Source: TradingView

According to popular crypto analyst Michael Van de Poppe, the altcoin market has set a long-term bottom at around $500 billion and is unlikely to test this level soon. However, the local bottom is at around $850 billion, and the bulls will likely mount their defense soon if ensuing bearish predictions are to be believed.

Further Price Corrections

At its current price of $59,900, a further drop for Bitcoin to $50,000 would also likely trigger significant losses in altcoins. In this scenario, the secondary market is expected to hold a $700 billion valuation, which could translate to up to 30% of altcoin losses. However, if the market can withstand major selling pressure, it might stabilize above $850 billion. The next resistance level sits at $1.23 trillion, reached in early April. A surge beyond this point could usher in a new altcoin season and potentially new all-time highs.

https://zycrypto.com/altcoin-market-capitalization-defends-850-billion-support-next-resistance-at-1-2-trillion/

$3,540,000,000 in Bitcoin (BTC) Moved to Crypto Exchanges in Just One Month, According to Analyst

By: Daniel
15 July 2024 at 00:00
,540,000,000 in Bitcoin (BTC) Moved to Crypto Exchanges in Just One Month, According to Analyst

A closely followed on-chain analyst says billions of dollars worth of Bitcoin (BTC) were sent to digital asset exchanges in the last 30 days.

Analyst Ali Martinez tells his 67,000 followers on the social media platform X that Bitcoin holders moved tens of thousands of BTC to crypto exchanges last month where they could potentially be sold on the open market.

“Over the past month, 58,956 BTC, valued at approximately $3.54 billion, were transferred to crypto exchanges!”

Source: Ali Martinez/X

The trader’s chart appears to suggest that traders began sending their Bitcoin to exchanges during the second week of June, when BTC was trading at around $66,000.

At time of writing, BTC is worth $60,143.

Martinez is also keeping a close watch on Bitcoin’s accumulation trend score, which tracks whether large entities are snapping up or unloading BTC. According to Glassnode, a positive Bitcoin accumulation trend score indicates that deep-pocketed investors are accumulating the crypto king.

The analyst says the metric shows that the winds are shifting in favor of BTC bulls.

“The Bitcoin accumulation trend score indicates a change in investor sentiment, with many now choosing to accumulate BTC following an extended distribution phase since April.” 

Image
Source: Ali Martinez/X

Based on the trader’s chart, it appears that Bitcoin’s accumulation trend score is hovering at 0.449.

In terms of investor attitude, Martinez notes that Bitcoin’s weighted sentiment fell to its lowest level in over four years.

“On July 5th, as Bitcoin fell to $53,300, the weighted sentiment plummeted to -2, the lowest level since the Covid-19 crash in March 2020!” 

Image
Source: Ali Martinez/X

In March 2020, Bitcoin fell below $4,000 before igniting a parabolic surge that saw BTC print a cycle high of $69,000.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3



https://dailyhodl.com/2024/07/14/3540000000-in-bitcoin-btc-moved-to-crypto-exchanges-in-just-one-month-according-to-analyst/

Received — 14 July 2024 ⏭ The Crypto Daily News

BlockDAG X1 App Triumph; Updates on Ethereum ETF & Dogecoin

By: Daniel
14 July 2024 at 23:40
BlockDAG X1 App Triumph; Updates on Ethereum ETF & Dogecoin

BlockDAG’s X1 Miner App Debuts on Apple Store, Presale Soars to $58M: Updates on Ethereum ETF and Dogecoin

In the dynamic realm of cryptocurrencies, recent shifts underscore notable market changes. As excitement builds for the Ethereum ETF, which may stabilize Ethereum’s pricing, Dogecoin’s latest updates reflect broader market instabilities, notably influenced by Bitcoin’s recent dips. 

Amid these variations, BlockDAG makes its mark with the pioneering X1 Miner App, which simplifies crypto mining and opens up decentralized app development to all. This innovation propelled the presale past the $58M mark, cementing BlockDAG’s status as a premier crypto investment.

Ethereum’s Price Stabilizes as Market Anticipates Ethereum ETF

Over the weekend, Ethereum struggled to break the $3,000 barrier, facing stiff resistance and settling into a tight trading range. Market players remained hopeful, purchasing on dips amidst speculation about the forthcoming Ethereum ETFs. Bloomberg analysts project these ETFs could receive the green light by mid-July, pending regulatory fine-tuning. 

Amidst these turbulent market times, spurred by factors like the US Non-Farm Payrolls report, Ethereum continues to wrestle with selling pressures even as it tries to recover from recent lows. Maintaining critical support levels at psychological barriers is vital in these uncertain times while breaking through resistance might signal a bullish shift spurred by the anticipated Ethereum ETF introduction.

Dogecoin Developments Amidst Crypto Downturn

Recent Dogecoin updates came from co-founder Billy Markus amid a general crypto downturn, notably Bitcoin’s sharp fall last week. Following a steep drop, Bitcoin made a partial comeback, currently priced around $55,860.

Markus, known for injecting humor and irony into crypto discussions, shared a metaphorical image of a sinking yacht captioned “How’s your crypto going?” with a light-hearted note “No Worries.” Similarly, Dogecoin followed Bitcoin’s pattern, experiencing a significant dip followed by a mild rebound, mirroring the overall market’s sentiment amid recent fluctuations.

BlockDAG’s X1 Miner App & Simplified Smart Contracts

BlockDAG has revamped the crypto mining scene with the X1 Miner App, now available on the Apple Store. This app turns ordinary smartphones into potent mining devices, allowing users to mine up to 20 BDAG coins daily. Activating mining is as easy as clicking the “Activate BlockDAG X1” button, yielding 0.83 BDAG per hour with minimal battery drain.

The app enhances user engagement with features like OTP verification, direct presale access to BDAG tokens, and personalization options in a comprehensive settings area. Users can also manage their profiles and maintain privacy, showcasing BlockDAG’s commitment to user security.

Its referral program amplifies potential earnings as users encourage others to join, fostering a community-centric mining endeavor. Moreover, a real-time leaderboard introduces a competitive edge among miners.

Further innovating, BlockDAG introduced a low-code/no-code platform for easy decentralized app (DApp) development. This platform enables users without technical expertise to create, develop, and deploy DApps through a simple drag-and-drop interface. These user-friendly mining and DApp development tools mark significant advancements in making elite crypto technologies and smart contract functionalities widely accessible.

Last Verdict

BlockDAG emerges as a leading investment amid current crypto conversations. While the market assesses the Ethereum ETF’s potential impact and reacts to Dogecoin updates, BlockDAG’s X1 Miner App and its no-code smart contracts platform present practical, innovative solutions for engaging with cryptocurrency. 

These offerings not only streamline mining operations but also empower users with tools for straightforward DApp creation, positioning BlockDAG prominently among top crypto investment choices. As the industry evolves, BlockDAG’s accessible and innovative solutions offer a strong argument for its growth and potential within the crypto landscape.

Join BlockDAG Presale Now:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

https://nulltx.com/blockdag-x1-app-triumph-updates-on-ethereum-etf-dogecoin/

Massive influx into ETFs, $310 million on the meter!

By: Daniel
14 July 2024 at 23:30
Massive influx into ETFs, 0 million on the meter!


22h00 ▪
3
min of reading ▪ by
Mikaia A.

Bitcoin ETFs, still relevant? Are they still pertinent for your investments? While the crypto market faces ups and downs, Bitcoin ETFs have recorded a record influx, stabilizing the market and restoring investor confidence. Let’s see how these massive inflows influence the Bitcoin market and what it means for the future of key cryptocurrencies.

Record influxes of Bitcoin ETFs

Bitcoin ETFs, launched last January 10, recently experienced an exceptional day, recording an influx of 310 million dollars on July 12, the largest in more than five weeks.

This renewed interest clearly shows that investors still see Bitcoin (BTC) as a safe haven.

Among the market leaders, BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund have respectively raised over 100 million dollars, reports Farside Investors. The Bitwise Bitcoin ETF also contributed and the Grayscale Bitcoin Trust reported a rare influx of over 20 million dollars.

  • BlackRock’s iShares Bitcoin Trust: 120 million dollars raised;
  • Fidelity Wise Origin Bitcoin Fund: 115.1 billion dollars raised;
  • Bitwise Bitcoin ETF: 28.4 million dollars raised;
  • Grayscale Bitcoin Trust: 23 million dollars raised.

These impressive figures highlight the growing adoption of Bitcoin within the traditional financial system.

According to an analyst, “cryptocurrencies are increasingly establishing themselves as essential assets.”

The impact of ETFs on the crypto market

The recent massive influx of funds into Bitcoin ETFs has propelled the total market value of ETFs to 15.8 billion dollars in one week.

Actors like the VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF have also seen inflows, respectively of 6 million and 4 million dollars.

However, some ETFs managed by Hashdex, Franklin Templeton, Valkyrie, and WisdomTree have not recorded new inflows, showing that competition remains fierce in this market.

These financial moves indicate a increased interest of investors and suggest an improvement in market conditions after recent fluctuations.

The SEC’s approval of spot Bitcoin ETFs in the United States has also contributed to this positive sentiment, paving the way for new financial products based on cryptos.

In conclusion, the record influx into Bitcoin ETFs stabilizes the market and reinforces Bitcoin’s position as a key cryptocurrency. New investment structures continue to attract investors, promising a bright future for cryptocurrencies.

Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Click here to join ‘Read to Earn’ and turn your passion for crypto into rewards!

Mikaia A. avatarMikaia A. avatar

Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.



https://www.cointribune.com/en/bitcoin-massive-inflow-into-etfs-310-million-on-the-counter/

Michael Saylor Makes Epic Bitcoin Statement as BTC Price Hits $60,000 By U.Today

By: Daniel
14 July 2024 at 21:20
Michael Saylor Makes Epic Bitcoin Statement as BTC Price Hits ,000 By U.Today

U.Today – As the price once again touches the $60,000 mark, Michael Saylor, MicroStrategy chairman and co-founder, has made a Bitcoin statement that has resonated with many in the crypto community.

In a tweet, Saylor declared, “Bitcoin is the bridge from chaos to hope.” This he posted alongside a clip from Fox Business showcasing BTC’s yearly performance compared to major asset classes. Notably from 2013 till 2023, Bitcoin has led gains among major asset classes in eight out of eleven instances, showcasing a standout performance.

Saylor’s statement comes at a time when global economic uncertainties and market volatility are prompting investors to seek alternative assets. In recent weeks, Bitcoin’s decline from its March record accelerated as concerns about Mt. Gox, the German government’s Bitcoin sales and the potential of higher-for-longer U.S. borrowing costs stoked the crypto markets.

Bitcoin reverses sell-off

Bitcoin began the past week seeing a slump that prompted fears of outflows from U.S. exchange-traded funds. Instead, dip buyers poured in funds, fueling optimism in the whole cryptocurrency market.

A net $737.5 million was added to the 11 ETFs in the four days leading up to Thursday, lifting the Bitcoin price higher after falling to lows of $53,602 on July 5.

At the time of writing, BTC had recovered its weekly losses and was up 5% in this time frame. Bitcoin was up 3.7% in the last 24 hours to $60,272, following intraday highs of $60,431. If today closes in the green, Bitcoin will mark its third consecutive day of gains.

As Bitcoin advances higher, key resistance levels for Bitcoin to monitor, according to crypto analyst Ali Martinez, are $61,340 and $64,620, meanwhile the crucial support level to watch is $57,670.

However, Bitcoin’s upward price action still necessitates a bit of caution as it trades slightly above the 200-day SMA at $59,207. Ali urges traders to wait for a sustained close above the 200-day SMA to confirm the continuation of the BTC uptrend.

This article was originally published on U.Today



https://www.investing.com/news/cryptocurrency-news/michael-saylor-makes-epic-bitcoin-statement-as-btc-price-hits-60000-3518236

Here’s A List of Altcoins Making Noise

By: Daniel
14 July 2024 at 12:00
Here’s A List of Altcoins Making Noise

Bitcoin is currently at $60,000 and attempting to reclaim the crucial range lows above the current levels. While there are positive signs, there is still more work to be done to confirm a sustained bullish trend. On Crypto Banter’s Kyle Doops Trading Show, the analyst presented a list of coins hitting key support levels, stressing that while the overall trend is downward, a shift could lead to a reaccumulation phase. 

The analyst discussed several key opportunities in the altcoin market, starting with Chainlink (LINK). He pointed out that Chainlink is poised to reclaim its range level, with the money flow increasing, indicating a potential bounce back to $18.

Moving to Ethereum (ETH), he noted that if Bitcoin were to face a rejection down to $50K, Ethereum could sweep down into its lows. This scenario would present a buying opportunity, but he emphasized he wouldn’t delve into other altcoins like Solana and Ton in this discussion.

Next was Sui (SUI), which has been aggressively downtrending but is now at a crucial support level. He explained a successful live trade on Sui, noting a 16% gain and the potential for further gains if the downtrend line is broken.

Next, he discussed Injective (INJ), which is also at a key support level around the $17-$18 mark. He suggested this zone is ideal for reaccumulation, with the potential for a move back up to $30 and eventually $45, offering over a 100% gain.

He then spoke about Aleph Zero (AZERO), which shows massive bullish divergence and is forming a significant deviation back into its range. Aleph Zero recently became EVM compatible, adding to its bullish potential. He outlined a strategy for a low-timeframe entry, aiming for a breakout above a specific level, which could lead to substantial gains.

https://coinpedia.org/news/bitcoin-reclaims-60k-level-heres-a-list-of-altcoins-making-noise/

Crypto exchanges to establish monitoring system to prevent unfair trading

By: Daniel
14 July 2024 at 11:50
Crypto exchanges to establish monitoring system to prevent unfair trading

Prices of various cryptocurrencies are displayed on a screen at lounge of Upbit in southern Seoul, May 22. Yonhap

By Yoon Ja-young

As the country’s first law on virtual asset user protection is set to take effect Friday, cryptocurrency exchanges will be obligated to monitor unfair practices in the market. The exchanges are thus making all-out efforts to establish a monitoring system.

The Virtual Asset User Protection Act includes provisions for regulating unfair trading. It specifies penalties for unfair practices in the virtual asset market and prohibits using key insider information, manipulating market prices and making fraudulent, irregular transactions. It also includes restrictions on self-issued virtual asset trading.

As the new law stipulates virtual asset exchanges’ obligation of constantly monitoring abnormal transactions, they should examine whether there is unfair trading while continuously monitoring the market. In case they detect any suspicious action, they should immediately report to financial authorities. With the enforcement of the law nearing, the virtual asset exchanges are in full swing preparing for the final stages.

Industry experts stress that the “order book information loading system” is at the core of monitoring. According to the Virtual Asset User Protection Act, exchanges should preserve trading records to monitor unfair trading. These records of virtual asset trading must include not only the name of the virtual asset and the date and quantity of the transaction but also the order book information at the time of order placement. They point out that the order book information is crucial for financial authorities to determine whether it was unfair trading.

 

Dunamu, which operates the country’s largest cryptocurrency exchange Upbit, for instance, has reportedly established a team in charge ahead of the implementation of the user protection law, to preemptively prepare systems. They have developed a new unfair trading monitoring system, building on their existing monitoring systems, and began operation before the enactment of the law.

Upbit became the first virtual asset exchange in the country to load order book information and preemptively develop a monitoring system where the information can be compared with specific order and transaction situations. What is notable about Dunamu’s monitoring system is that it is capable of integrated market analysis based on various data analysis tools that work simultaneously. It is designed to enable efficient communication with financial authorities, by systematically identifying and reporting suspicious transactions.

The monitoring system developed by Dunamu has been receiving positive responses within the industry as a good example. According to industry sources, Dunamu has shared its expertise in building market monitoring systems targeting Korean won exchanges and coin market exchanges at events organized by financial regulator earlier this year.

“With the enactment of the Virtual Asset User Protection Act, it will become even more crucial for exchanges to prove their compliance capabilities,” a Dunamu official said.

“We will further improve our monitoring system of unfair trading to offer a safer environment for virtual asset investors,” she added.



https://www.koreatimes.co.kr/www/biz/2024/07/816_378602.html

Earnings Outlook for BDAG’s X10 Miner, XRP Predictions & Brett’s New Directions » The Merkle News

By: Daniel
14 July 2024 at 11:31
Earnings Outlook for BDAG’s X10 Miner, XRP Predictions & Brett’s New Directions » The Merkle News

Open the Door to Passive Profits: BlockDAG’s X10 Miner Delivers $10 Daily at Launch, Plus Latest on XRP Prices and Brett’s Market Shifts!

The XRP price prediction continues to draw attention amid market changes, suggesting a cautious but stable future. Concurrently, Brett investors are exploring new directions due to recent uncertainties in the market. In the meantime, BlockDAG, with a presale success reaching over $57.9 million, positions itself as a frontrunner, offering strong revenue prospects through its X10 miner and a 10% referral incentive. This tactical move has enhanced investor involvement and reinforced trust, making BlockDAG a promising contender in the crypto sphere.

Stability Analysis: Reviewing XRP’s Current Market Dynamics

Amid recent shifts in cryptocurrency values, XRP’s price prediction remains a focal point reflecting broader market instability. Presently, XRP stands at approximately $0.4755, noting a minor decline of about 2% over the last week. This trend is capturing the attention of financial analysts due to XRP’s significant market valuation exceeding $26.4 billion.

Despite this downturn, technical analyses suggest a bullish pattern on XRP’s charts, indicating a hopeful future for the currency. Such patterns are commonly viewed as indicators of potential substantial increases, aligning with forecasts predicting a 30% to 40% surge following the pattern’s resolution.

Brett’s Market Evolution: The Turn to Novel AI Meme Coins

In recent developments, Brett’s market performance has led to uncertainty among its investors as it fails to reclaim its early June peak values. Brett is currently trading at about $0.16, just above its 21-day moving average, yet below the highs of $0.195 seen previously. This average performance is prompting a shift in investor sentiment.

This changing mood among Brett investors is fueling interest in alternative assets, particularly a fresh AI-themed crypto meme coin, Wiener AI. Despite its humorous sausage dog motif, Wiener AI has managed to capture investor interest, reflecting a careful exploration of new possibilities by Brett enthusiasts.

Eco-Friendly Mining for Substantial Gains: BlockDAG’s Mining Breakthrough!

BlockDAG is pioneering the crypto-mining industry with its innovative and eco-friendly mining rigs. Positioned as a leading project, it prioritizes profitability while promoting environmental sustainability. The X series mining rigs exemplify BlockDAG’s dedication to green technology, making it a preferred option for eco-conscious investors.

For newcomers to cryptocurrency mining, BlockDAG provides an excellent entry point with the X10 mining rig. This compact unit, small enough for any home setup, is impressively efficient. Despite its size, the X10 delivers a powerful 100 MH/s hash rate, capable of mining up to 200 BDAG daily. Users can anticipate a stable daily income of $10 right from the start, ensuring a quick return on investment.

Moreover, BlockDAG boosts investor engagement with its profitable referral bonus scheme. By inviting acquaintances to participate, users can secure a 10% bonus, with a straightforward dashboard for tracking these earnings. This initiative not only benefits existing members but also broadens community involvement, heightening investment interest.

Such pioneering and user-centric programs have driven BlockDAG to outstanding presale achievements, accumulating over $57.9 million, with anticipated further growth. This momentum highlights BlockDAG’s role as a top choice for both experienced and novice investors seeking significant returns in the eco-friendly crypto-mining arena.

BlockDAG: The Top Crypto Investment Prospect

While updates on XRP’s price and Brett’s market realignments keep investors alert, BlockDAG distinguishes itself as the premier crypto presale platform, having gathered over $57.9 million. With substantial daily profits from its X10 miner and a 10% referral incentive, BlockDAG’s inventive approach to crypto mining confirms its superiority as an investment option. For those eager for passive income avenues, the present is an optimal time to invest in BlockDAG’s promising future amid its profitable presale period.

Join BlockDAG Presale Now:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

https://themerkle.com/?p=84224

‘Price of Tomorrow’ Author Says Bitcoin Is the Only Free Market Force, Predicts Prices Will Fall Against BTC

By: Daniel
14 July 2024 at 11:20
‘Price of Tomorrow’ Author Says Bitcoin Is the Only Free Market Force, Predicts Prices Will Fall Against BTC

Jeff Booth, the author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future, believes that Bitcoin (BTC) is the only force that follows the natural state of the free market.

In a new interview with Natalie Brunell, Booth says we should live in a deflationary world – where technology strengthens a currency’s purchasing power by driving down the value of goods and services.

According to Booth, Bitcoin is a game changer as it is the only currency in existence that can bring forth a system underpinned by abundance.

“I see Bitcoin very differently than most people do… The natural state of the free market is deflation and technology would make that deflation happen at a way faster rate – at an exponential rate – and that deflation shouldn’t be feared because what it actually is is the productivity flowing to us so that we can live abundant lives and do what we want…

Anything that stops that is not an economic system, it’s not a political system, it’s a control system that gains its strength from stealing from you… Once you understand that that is true, then as a derivative, everything else from the existing system is stealing from you.”

Booth predicts all fiat currencies will fall against BTC forever as it is the only currency designed to eradicate inflation.

“So Bitcoin stands as the only thing that I’ve found that can protect you from that. It’s not a coin. It’s a protocol bounded by energy. It’s an open, decentralized and secure protocol bounded by energy. It doesn’t care if you want to price it through currency or pieces of paper that are being manipulated. It doesn’t care, it just keeps on moving forward.

So relative to Bitcoin, all prices are falling and will forever because it’s the only free market force that is in existence and everything tethered to the other system is not. It’s a control system.” 

At time of writing, Bitcoin is trading for $60,310, up 3.69% on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



https://dailyhodl.com/2024/07/14/price-of-tomorrow-author-says-bitcoin-is-the-only-free-market-force-predicts-prices-will-fall-against-btc/

Donald Trump memecoin spikes 52% following assassination attempt

By: Daniel
14 July 2024 at 09:15
Donald Trump memecoin spikes 52% following assassination attempt

The price of the largest Donald Trump memecoin MAGA (TRUMP) surged more than 30% following an assassination attempt on the former President while he was speaking on stage at a rally in Butler, Pennsylvannia. 

The Ethereum-based MAGA memecoin (TRUMP) spiked rapidly from a price of $6.31 to $10.36 immediately following the assassination attempt, seeing its total market capitalization jump from $293 million to $469 million in less than 45 minutes, per DexScreener data.

The price of MAGA memecoin soared following an attempt on the life of the former President. Source: DexScreener 

The price of several other Trump-themed memecoins also rallied on the news.

Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while another memecoin dubbed MAGA Hat (MAGA) briefly spiked 21% within the same timeframe. 

Trump was speaking on stage at a July 13 rally in Butler, Pennsylvania when several shots were fired from an unknown direction in the crowd. 

Trump clutched his ear as shots sounded and dropped to the ground as his security detail rushed to protect him. 

Shooting just happened at The Trump rally pic.twitter.com/Xs1dVL1H3T

— Acyn (@Acyn) July 13, 2024

While being whisked off the stage by his security detail, Trump asked them to pause while he raised his fist and shouted at the crowd. 

Related: US Republicans under Trump include crypto in official party platform

An official spokesperson from Trump’s campaign told the Associated Press the former President was “fine” following the incident and that he was undergoing medical treatment at a local facility. 

“President Trump thanks law enforcement and first responders for their quick action during this heinous act,” spokesman Steven Cheung said in a statement. “He is fine and is being checked out at a local medical facility. More details will follow.”

Trump’s election odds soar on Polymarket

Speculators on the Ethereum-based prediction market Polymarket were quick to place their bets as well, with Trump’s odds of clinching a victory in the upcoming election jumping from 60% to 68% immediately following the assassination attempt, per Polymarket data. 

Trump’s odds of being elected President jumped 8% on Polymarkets. Source: 

Meanwhile, current President Joe Biden’s predicted odds of nabbing an election victory fell in the same timeframe, falling from 30% to 15% in the last hour. 

Trump now stands as the clear favorite nominee on the prediction market, touting overall odds of 70% compared to just 15% for Biden and 9% for Vice President Kamala Harris.

Trump, formerly a skeptic of cryptocurrencies — saying on several occasions that Bitcoin was “like a scam” — has changed his tune drastically on Bitcoin and other digital assets in recent months. 

On June 14, Trump declared he would bring an end to the Biden administration’s “war on crypto” if elected President. 

This was not the first time Trump had criticized Biden for his harsh stance on crypto while on the campaign trail. On May 26, he took aim at Biden, arguing that the US must not settle for anything but the top place in the crypto industry.

Magazine: Crypto exposes sudden rift among Democrats months ahead of election



https://cointelegraph.com/news/donald-trump-memecoin-price-soars-following-assassination-attempt

Tron, JasmyCoin, ETFSwap, and Polkadot

By: Daniel
13 July 2024 at 23:50
Tron, JasmyCoin, ETFSwap, and Polkadot

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Investors eyeing exponential gains in crypto favor Tron, JasmyCoin, ETFSwap, and Polkadot as top altcoin picks.

In the dynamic cryptocurrency landscape, discerning investors seek altcoins with the potential for exponential gains. Among the plethora of altcoin options, Tron (TRX), JasmyCoin (JASMY), ETFSwap (ETFS), and Polkadot (DOT) stand out as hot picks among altcoins.

4 altcoins are great picks for investment

Altcoins offer unique opportunities and advantages that distinguish them from traditional cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Investing in Tron (TRX), JasmyCoin (JASMY), ETFSwap (ETFS), and Polkadot (DOT) now could yield significant returns as these altcoins are poised for remarkable growth. Each of these altcoins brings distinct features to the table, making them excellent investment options before they skyrocket.

ETFSwap: Leading the pack with unique utilities

ETFSwap (ETFS) stands out with its exceptional utilities and all-inclusive DeFi solutions, setting a new standard in the crypto and ETF trading space. The platform ensures that tokenized assets are backed by real-world securities purchased from traditional financial markets. ETFSwap (ETFS) integrates blockchain technology with ETFs through partnerships with MiCa-compliant regulated investment banks, bridging the gap between the TradFi and DeFi worlds.

Utilizing Ethereum blockchain technology, ETFSwap (ETFS) allows users to own and trade tokenized ETFs, offering a transparent community governance model. Security is paramount, with smart contracts audited by CyberScope, assuring investors of a bug-free, secure environment. ETFSwap’s (ETFS) high ranking among top analysts highlights its robust offerings, including commodity, leveraged, equity, spot Bitcoin, spot Ethereum, and bond ETFs among others. These tokenized ETFs can be traded with up to 100x leverage, amplifying profit returns significantly.

ETFSwap (ETFS) looks ahead to the launch of its own ETF in 2025. Its advanced trading tools, 24/7 market coverage, and AI-powered ETF Screener and ETF Tracker further solidify its position as the leading altcoin for investment returns.

Tron: Empowering decentralized applications

Tron (TRX) is a blockchain-based platform designed to build and support decentralized applications (dApps). Its high throughput, scalability, and availability have made it a favorite among developers. Tron (TRX) aims to decentralize the web by providing a platform for content creators to interact directly with consumers, eliminating intermediaries and enhancing efficiency. 

Currently, in the past 24 hours, Tron (TRX) has been trading at a competitive price of $0.00000218 with a trading volume of $ 4,734.850 million, according to CoinMarketCap, making it an attractive entry point for investors. However, while Tron (TRX) altcoin is impressive, it pales compared to ETFSwap (ETFS) in terms of infrastructure and utility.

JasmyCoin: Championing data democracy

JasmyCoin (JASMY) focuses on data democracy and security. By utilizing blockchain technology, JasmyCoin (JASMY) empowers users to take charge of their data and monetize it safely. This unique approach addresses growing concerns over data privacy and security in the digital age.

As of now, JasmyCoin (JASMY) offers substantial growth potential. CoinMarketCap data shows its price at $0.0000004 with a trading volume of $1,325.0756 million in the past 24 hours. Yet, despite its promising outlook, JasmyCoin (JASMY) cannot match the comprehensive solutions provided by ETFSwap (ETFS).

Polkadot: Facilitating interoperability

Polkadot (DOT) aims to enhance blockchain interoperability, enabling different blockchains to communicate and share information seamlessly. This unique approach addresses the issue of siloed blockchain networks, fostering a more interconnected ecosystem. Polkadot’s (DOT) unique architecture makes it a promising altcoin for investment. Coingecko data shows Polkadot’s price at $6.14 with a trading volume of $170, 363,637 million. However, despite its potential, Polkadot (DOT) does not offer the same level of creativity, utility, and investment returns as ETFSwap (ETFS).

Conclusion: Invest in ETFSwap for maximum gains

ETFSwap (ETFS) remains the best crypto and ETF trading platform for institutional and retail investors. With its current presale price set at an affordable $0.01831, now could be the perfect time to invest before the price rises to $0.03846 in the next stage. 

ETFSwap’s unparalleled value proposition puts it ahead of Tron (TRX), JasmyCoin (JASMY), Polkadot (DOT), and many other altcoins. ETFSwap (ETFS) stands out as a promising altcoin for investors looking to maximize gains in 2024. This low price presents a prime opportunity to invest in ETFSwap (ETFS) and grow with the best DeFi platform poised to change the crypto and ETF trading landscape.

For more information, visit ETFSwap’s presale website or join the ETFSwap community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

https://crypto.news/top-altcoin-picks-before-they-surge-tron-jasmycoin-etfswap-and-polkadot/

How Different-Sized Crypto Exchanges Complement Each Other

By: Daniel
13 July 2024 at 23:40
How Different-Sized Crypto Exchanges Complement Each Other

According to data on the monthly visits to the website (not including mobile app) from Similarweb and CoinMarketCap, current in July 2024, the most popular crypto exchanges are Binance, Coinbase, and Bitget. Binance leads the pack with 65.5 monthly visits, followed by Coinbase with 40.9 million and Bitget with 31.1 million.

Bybit and OKX are fourth and fifth with 30.4 million resp. 27.1 million. Rounding out the top 10 are WhiteBIT, HTX, Gate, MEXC, and Upbit.

In the first six months of 2024, the amount of Bitcoin, Tether, and Ether held by users on Bitget increased by 73%, 80%, resp. 153%, equivalent to the approximate capital inflow of $700 million. Bitget also attracted 2.9 million new users. Spot trading volume on the exchange increased from $28 billion in Q1 to $32 billion in Q2, or by over 10%. This reflects an increase in overall market trading volume and cryptocurrency adoption.

There is room for all market players

An analysis published on GitHub revealed that small and large crypto exchanges complement rather than compete against each other. Although there are more than 1,000 crypto exchanges on the market, they essentially offer the same assets to trade. In the US, there are over 100 active cryptocurrency exchanges, but just 16 for equity trading. In 2022, the top two crypto exchanges only accounted for around 14% of all Bitcoin trading volume.

How do exchanges of different sizes complement each other? When a big exchange lists a new coin, its trade volumes on small exchanges typically increase, in some cases, by up to 76%. What’s more, small exchanges list the same coins as big ones. Large exchange listings correlate with peripheral exchange listings of the same coin.

Finally, the entry of a large exchange usually leads to reduced coin prices across small exchanges, sometimes by up to 22%. This indicates that arbitrage flows across small and large exchanges might play a role.

Tether’s market share dropped by 8% in 2024

It’s estimated that USDT’s market share on centralized exchanges has declined from 82% to 74% this year. One reason could be increased competition from FDUSD and other stablecoins. FDUSD benefited from zero fees on Binance. USDC’s market share peaked at 12% at the end of June, fueled by trading volumes on leading exchanges. Interest in yield-bearing stablecoins like Paxos is also increasing.

https://www.banklesstimes.com/news/2024/07/13/from-giants-to-startups-how-different-sized-crypto-exchanges-complement-each-other/

Received — 13 July 2024 ⏭ The Crypto Daily News

BlockDAG’s X100 Achievements, FLR Crypto Surge & AAVE Price Trends

By: Daniel
13 July 2024 at 23:20
BlockDAG’s X100 Achievements, FLR Crypto Surge & AAVE Price Trends

Recent crypto market updates reveal a bullish trend in FLR crypto, showing signs of a market shift amidst a static market cap and few liquidations. Simultaneously, AAVE is experiencing an uptrend, supported by a rise in trading volumes and positive market perceptions.

At the same time, BlockDAG pioneers the crypto mining sector with its $57.6 million presale, revolutionizing mining with the X100 miner, noted for its unmatched efficiency and sustainability. As a rising star in crypto, BlockDAG’s novel strategy is set to transform digital finance.

Detailed Observations of FLR Crypto Surge

The FLR crypto market recently exhibits few liquidations, hinting at a possible bullish control. Despite the unchanged market cap and limited liquidity, the technical setup of FLR crypto displays a downtrend, creating a falling wedge pattern. This formation could lead to a breakout should FLR crypto sustain gains above this pattern on the daily charts.

Indicators like the 50-day and 200-day EMAs show a death cross, indicating past bearish movements, yet a climb above these levels might suggest a positive shift. Investors focusing on the FLR crypto surge should keep an eye on these factors for potential opportunities in a changing market landscape.

AAVE Price Amid Optimistic Trends

The AAVE token is trading with a minor intraday growth as it surpasses a significant threshold. AAVE operates as a decentralized finance platform that enables the lending and borrowing of cryptocurrencies via smart contracts. Current market trends suggest a bullish direction, with AAVE breaking above vital moving averages and forming a distinct pattern.

Analysts predict a potential surge, backed by increased trading volume and favorable sentiment indicators. Investors remain hopeful about AAVE’s price trajectory, facing notable resistance levels moving forward.

BlockDAG’s X100 Miner & Progressive ASIC Innovations

BlockDAG’s remarkable presale success, gathering $57.6 million through over 12.1 billion coins, highlights the value of early mining before the Mainnet launch to create unmatched passive income. BlockDAG’s mining sales have skyrocketed, exceeding 8742 units and bringing in an additional $3.6 million.

BlockDAG’s flagship mining innovation, the X100 miner, delivers a robust 2 TH/s hash rate while only using 1800W. This unit is more than just a tool; it’s a high-yield mining portal, producing up to 2,000 BDAG coins daily with ease. These coins are expected to yield $60,000 daily by 2030 when the price reaches $30, suitable for both hobbyists and large operations.

Designed for versatility, the X100 operates efficiently and quietly, fitting various mining settings. BlockDAG’s ASIC miners are the epitome of sustainability and efficiency, leading eco-friendly mining that minimizes resource use and device wear, achieving cost-efficiency and environmental care.

With a hybrid consensus protocol, BlockDAG boosts network safety and scalability, establishing a strong base for the blockchain ecosystem to flourish. The ASIC miners provide top-tier hashing power per watt, enhancing computational efficiency and energy savings, crucial for sustainable mining in an expected crypto boom era.

Furthermore, these miners use underclocked ASIC chips to keep ideal operational temperatures, ensuring excellent performance and dependability. This balance of cooling and power highlights BlockDAG’s commitment to dependable and innovative mining operations, setting new standards in the competitive cryptocurrency mining industry.

Final Reflections

In conclusion, BlockDAG’s X100 Miner stands at the cutting edge of crypto mining innovation. Forecasted to reach a $30 price by 2030, it’s geared up to be the next big crypto breakthrough. With powerful features like significant hashing capacity and environmentally friendly ASIC advancements, BlockDAG redefines benchmarks for sustainable and efficient mining operations. As the FLR Crypto Surge and AAVE Price developments continue, they emphasize BlockDAG’s role in revolutionizing stable passive income avenues.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

          No spam, no lies, only insights. You can unsubscribe at any time.



https://www.crypto-news-flash.com/as-flr-crypto-and-aave-prices-fluctuate-blockdag-stands-out-as-a-leader-in-stable-cryptocurrency-income-with-its-x100-miner/?utm_source=rss&utm_medium=rss&utm_campaign=as-flr-crypto-and-aave-prices-fluctuate-blockdag-stands-out-as-a-leader-in-stable-cryptocurrency-income-with-its-x100-miner

Bitcoin Price Eyes $70k Rally as Long-Term Holders Accumulate at Record Pace

By: Daniel
13 July 2024 at 23:10
Bitcoin Price Eyes k Rally as Long-Term Holders Accumulate at Record Pace

The Bitcoin price has been wavering in an uncertain trend since last weekend. The demand pressure at $55000 has managed to stabilize the prevailing bearish sentiment but the overhead supply is intact amid the German government’s liquidation of BTC. As the associated address has recently emptied its Bitcoins, a positive trend is expected in the near term.

Also Read: Bitcoin Miner Northern Data Predicts Robust Revenue Growth Amid AI Boom

Bitcoin Price Stabilizes at $53.5K Amid Easing Selling Pressure

Bitcoin Price| Tradingview

From June 5th to July 7th, Bitcoin price experienced a steady correction where its value plunged from $71949 to $53550 registering a loss of 25.57%. The downward pressure was bolstered by a mix of negative developments such as the aggressive outflow from BTC ETFs, and Bitcoin liquidation from the fallen Mt. Gox exchange, the U.S. and German governments’ sell-offs.

The selling pressure has recently eased since the second week of July as Bitcoin (BTC) found strong support at the $53,500 level, which aligns with the lower trendline of a broadening wedge pattern. In theory, the two divergence trendlines are a sign of increasing uncertainty among market participants and a risk of prolonged downfall.

However, a bearish breakdown from the lower trendline is needed to fulfill the bearish thesis. 

A recent reversal from $53500 has uplifted the asset 9.8% to trade at $58800 while the market cap surged to $1.159 Trillion.

If the pattern holds true, the Bitcoin price prediction hints at a potential upswing of 18% to challenge the overhead trendline.

Also Read: 3 BRC-20 Altcoins to Sell as Bitcoin Fails $60000 Breakout

Moreover, Bitcoin long-term holders are increasing their holdings at the fastest monthly rate since April 2023, according to analysts from CryptoQuant. Despite the increased supply from seized coins and the Mt. Gox distributions, whale Bitcoin (BTC) holdings have grown at an impressive 6.3% rate.

📈 #Bitcoin long-term holders are adding to their holdings at the fastest monthly rate since April 2023, per @cryptoquant_com analysts.

Whales’ $BTC holdings grow at a 6.3% rate, despite increased supply from seized coins & Mt. Gox distributions.

Demand remains strong! 💪 pic.twitter.com/i2SsHoN565

— Satoshi Club (@esatoshiclub) July 13, 2024

This significant growth in whale holdings underscores strong demand for Bitcoin, even amidst increased market supply. The robust accumulation by long-term holders and whales indicates sustained confidence in Bitcoin’s value and future potential.

An upside breakout from the channel will signal the end of correction and the potential of a major rally.

Technical Indicator 

  • EMAs: With an intraday gain of 1.68%, the Bitcoin price attempts to regain 200D Exponential Moving Average acquiring the initiation signal of trend reversal.
  • Vortex Indicator: The VI+(blue) and VI-(pink) slope nearing a bullish crossover indicate the bullish momentum returning to the asset.

Frequently Asked Questions (FAQs)

broadening wedge pattern is a chart pattern that occurs when the price action of an asset creates diverging trendlines, one upward-sloping and one downward-sloping,

Long-term holders in the Bitcoin market are investors who purchase and hold Bitcoin for an extended period, typically several months to years, rather than engaging in short-term trading.

The Vortex Indicator (VI) is a technical analysis tool used to identify the start of a new trend or the continuation of an existing trend in the market. It consists of two lines, VI+ (positive) and VI- (negative).

Related Articles

✓ Share:

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



https://coingape.com/markets/bitcoin-price-eyes-70k-rally-holders-accumulate/

US SEC Closed Door Meeting: Implications For Ripple

By: Daniel
13 July 2024 at 21:10
US SEC Closed Door Meeting: Implications For Ripple

According to reports, the United States Securities and Exchange Commission (SEC) might conduct a crucial meeting to discuss key issues. These issues include institution and settlement of injunctive actions and administrative proceedings, resolving litigation claims, and enforcement proceedings. The back-to-back meeting has sparked speculation on potential implications for Ripple, Binance, and the crypto market.

SEC Close Door Meeting Sparks Buzz In the Crypto Community

The US SEC recently convened a closed-door meeting on Thursday, July 11 as part of normal routine to discuss key matters essential for the commission. However, another meeting scheduled next week on June 18 has sparked buzz in the crypto community, especially after the recent decision in Binance lawsuit and a major pending ruling in Ripple vs SEC lawsuit.

The back-to-back meetings prompted speculation about the potential impact on Binance, Ripple, and the crypto market. The meeting is rumored to focus on either resolving injunction claims or settlement with Ripple. Market participants are closely monitoring developments and await any outcome from the meeting.

As per the SEC meeting, Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the meeting on July 18. The matter of the SEC closed-door meeting is on topics:

  • Institution and settlement of injunctive actions
  • Institution and settlement of administrative proceedings
  • Resolution of litigation claims
  • Other matters relating to examinations and enforcement proceedings.

Notably, the SEC officials mostly discuss topics on these matters unless a change in the meeting agenda for publication in the Federal Register.

Also Read: FTX Reaches Settlement With CFTC, $4B Claim Subordinated

Recent Developments Related to Binance and Ripple

Binance achieved a major win, despite most of the arguments proceeding for further hearings. The SEC failed to prove that BNB’s secondary sales were securities, winning legal support for Coinbase and Ripple. Coinbase and Ripple Labs are using the ruling to challenge the US SEC’s regulatory stance on crypto.

As the crypto market awaits Judge Torres’ final judgment over penalties and injunction, Ripple reflects on the anniversary of the landmark summary judgment.

Meanwhile, lawyers and Ripple executives don’t believe any settlement to happen with the SEC, as reported by CoinGape. XRP price has skyrocketed 18% this week as lawyers including Fred Rispoli anticipate the verdict to come this month.

Also Read: XRP Skyrockets Over 17%, Here’s The Next Level

✓ Share:

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



https://coingape.com/us-sec-closed-door-meeting-implications-for-ripple-binance-crypto-market/

These Altcoins Reveal 100% Upside

By: Daniel
13 July 2024 at 11:40
These Altcoins Reveal 100% Upside

With crypto market gurus anticipating the Ethereum ETF listing finally coming next week, the recovery rally in the altcoins is expected to go ballistic. Further, with the high anticipation of BTC prices rising above $60K, these low-cap crypto offer massive upside potentials.

Closely linked to the Ethereum blockchain and known to amplify bullish moves, these altcoins might surge 100% next week with the Ethereum ETF approval. So, let’s take a closer look at their price chart and determine bullish entry opportunities over the weekend.

Altcoins To Watch With Ethereum ETF Listing: Floki (FLOKI)

As the Ethereum ETF is coming next week, the Ethereum-based Meme coin is a great choice for quick upside moves. Trading at $0.00014, the FLOKI price is down by 56% from the peak of $0.00032. 

Tradingview

With a potential double bottom, the ongoing lateral trend after the massive drop teases a trend reversal for the altcoin. Further, the increasing chances of a bullish crossover in MACD bolster the bullish side. 

As per the Fibonacci levels, the bull run in the FLOKI price could hit the $0.00039 mark with the Ethereum ETF listing.  

TrueFi (TRU)

With a solid support trendline at play, the TRU token price reveals a bullish cycle gaining momentum. The TrueFi token price action projects a rounding bottom reversal and reclaims the 23.60% Fibonacci level at $0.13.

Tradingview

With an intraday jump of 9.29%, the altcoin price action makes a bullish engulfing candle and teases uptrend continuation. Further, the bullish crossover in the MACD indicator bolsters the bull cycle in motion. 

Considering the uptrend continues with the Ethereum ETF listing, the TRU altcoin price could reach the $0.25 peak.

Arbitrum (ARB)

With a market cap of $2.27B, the Arbitrum price trend is on the verge of a bullish breakout in the daily chart. As the ARB token price forms a falling wedge pattern and approaches the bottleneck area, the broader market recovery could result in an upside break. 

Tradingview

Further, the MACD and signal lines gradually gain a bullish trend and alignment, the altcoin could surge almost 100% with a break. Currently, the ARB price trades at $0.7052 and is on the verge of crossing above the overhead trendline. 

With a bullish break and the Ethereum ETF listing, the ARB price could reach the $2.18 mark. 

https://coinpedia.org/price-analysis/ethereum-etf-approval-next-week-these-altcoins-reveal-100-upside/

Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share

By: Daniel
13 July 2024 at 11:30
Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share

Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years.

In fact, Kaiko’s latest data shows a decline in USDT market share.

Tether (USDT) is Slowly Losing Market Share

In 2024, USDT’s market share on centralized exchanges (CEXs) dropped from 82% to 74% per Kaiko’s estimates.

This could partly be due to the heightened competition from stablecoins like FDUSD, which benefited from Binance’s zero-fee promotions in addition to the increasing demand for regulated options like USDC.

By the end of June, USDC’s market share reached an all-time high of 12%, fueled by trading volumes on Binance, Bybit, and OKX. Yield-bearing stablecoins also saw increased interest, with issuers such as Paxos and Tether introducing their own alternatives in Q2 to meet this demand.

Stablecoins Market Share. Source: Kaiko

USDC Sees Increased Demand

The implementation of the MiCA regulation has driven up demand for compliant stablecoins, positioning Circle’s USDC as a key beneficiary. The French blockchain analytics firm recently identified USDC as leading the pack among regulated stablecoins.

Currently, non-compliant stablecoins constitute 88% of the total stablecoin volume, but this is expected to shift significantly due to Europe’s Markets in Crypto-Assets Regulation (MiCA), which took effect on June 30. This regulation is likely to cause market makers to favor compliant stablecoins over their non-compliant counterparts.

In response, major crypto exchanges such as Binance, Bitstamp, Kraken, and OKX have already started delisting non-compliant stablecoins, including Tether’s USDT, for European users. Kaiko’s data shows that the share of compliant stablecoins has been growing over the past year, reflecting an increasing preference for more transparent and regulated options, with USDC emerging as the primary winner in this evolving market landscape.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

https://cryptopotato.com/tether-usdt-loses-ground-on-centralized-exchanges-down-to-74-market-share/

Earnings Prospects with BDAG’s X10 Miner, XRP Stability Predictions, and Brett Market Movements

By: Daniel
13 July 2024 at 11:10
Earnings Prospects with BDAG’s X10 Miner, XRP Stability Predictions, and Brett Market Movements

Discover Passive Earnings: $10 Daily from BlockDAG’s X10 Miner at Launch, and Explore XRP Price Trends and Brett’s Market Dynamics!

Amid shifting market dynamics, the forecast for XRP’s price remains a focal point, suggesting a steady yet cautious future. Concurrently, Brett enthusiasts are branching out to new options amidst the recent market unpredictability. In this setting, BlockDAG stands out, having gathered an impressive $57.6 million from presales, as a top-tier platform offering solid earning possibilities with its X10 miner and a 10% referral bonus. This strategic move has boosted investor engagement and cemented trust, marking BlockDAG as a notable player in the cryptocurrency arena.

XRP’s Market Performance

Despite the cryptocurrency market’s ups and downs, interest in XRP’s pricing forecast remains high, reflecting the broader market’s instability. XRP is priced at about $0.4755, with a slight downturn of nearly 2% in the last week. This trend has caught the eyes of analysts, especially considering XRP’s significant market cap of more than $26.4 billion.

However, the technical analysis suggests an emerging bullish pattern on the XRP charts, forecasting a potential surge of 30% to 40% once the pattern concludes, pointing to a promising future for the token.

Shift in Brett’s Market: The Move Towards Novel AI Meme Coins

Lately, Brett’s market has shown signs of wavering as the coin struggles to hit its early June peaks. Currently priced around $0.16, Brett is managing to stay above its 21-day moving average but falls short of reaching last month’s high of $0.195. This lukewarm performance is nudging some investors towards new ventures.

This change in sentiment is spurring interest in alternative investments, notably in the AI-driven meme coin, Wiener AI, despite its humorous sausage dog motif, which has captivated significant interest. This trend reflects Brett holders’ cautious yet open attitude towards new opportunities.

Harnessing Green Energy for Profitable Mining: The BlockDAG Revolution!

With its innovative and efficient mining rigs, BlockDAG is at the forefront of the crypto-mining industry. As a leading initiative, it focuses not just on profitability but also on environmental responsibility. The X series mining rigs demonstrate BlockDAG’s commitment to green technology, presenting an ethical option for eco-conscious investors.

BlockDAG presents the perfect entry point for those venturing into cryptocurrency mining with its compact yet powerful X10 mining rig. Despite its small size, the X10 delivers an impressive 100 MH/s hash rate, enabling mining up to 200 BDAG daily. Users can anticipate a steady daily income of $10 right from the start, ensuring a quick return on investment.

Beyond its top-notch hardware, BlockDAG boosts investor participation through its rewarding referral program. By encouraging friends and family to join, participants can secure a 10% bonus, with an easy-to-use dashboard to monitor these earnings. This scheme benefits current users and expands the community, enhancing the investment appeal.

Such user-oriented and innovative initiatives have thrust BlockDAG into the spotlight as the premier crypto presale platform, already raking in more than $57.6 million, anticipating further growth. This success highlights BlockDAG’s standing as the prime choice for both experienced and new investors seeking significant returns in the environmentally friendly crypto-mining sector.

BlockDAG: The Leading Crypto Investment Opportunity

While the pricing outlook for XRP and Brett’s market changes keep investors alert, BlockDAG distinguishes itself as the foremost crypto presale platform, amassing over $57.6 million. Offering substantial daily profits through its X10 miner and a 10% referral bonus, BlockDAG’s innovative approach to crypto mining cements its position as the top investment choice. For investors and miners eager for passive income opportunities, now is the perfect time to invest in BlockDAG’s bright future during its profitable presale period.

Join BlockDAG Presale Now:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

https://nulltx.com/the-earnings-prospects-with-bdags-x10-miner-xrp-stability-predictions-and-brett-market-movements/

Bitcoin Poised for Major Breakout As German Government Dumps All BTC

By: Daniel
13 July 2024 at 11:00
Bitcoin Poised for Major Breakout As German Government Dumps All BTC

The world’s most popular cryptocurrency Bitcoin has been stuck in a consolidation phase for a record-breaking 120 days since after it hit its new ATH price of $73,083, but analysts say this sleeping giant might be about to awaken with a great comeback.

Renowned crypto analyst Captain Faibik suggests that it is on the verge of a significant breakout which will take the BTC price to $70k. 

Breakout Pattern Aim For $70k

According to Faibik, Bitcoin is nearing an upside breakout from a Descending Broadening Wedge pattern (DBW), a bullish technical pattern that typically signals a reversal in the downward trend seen in the 4-hour BTC/USDT chart. 

DBW pattern on the BTC chart indicates that the price is getting tighter and tighter. However, this pattern usually leads to a breakout in one direction or another. Considering the current market sentiment, a bullish breakout seems more likely.

Faibik’s analysis suggests that a successful breakout from this pattern could see Bitcoin surging to $70,000. This prediction comes at a time when Bitcoin has been struggling to maintain its recent gains, with the Bitcoin Fear & Greed Index plunging to an “Extreme” Fear level.

German Government’s Bitcoin Sales

In recent days, demand from inflows into spot Bitcoin exchange-traded funds (ETFs) and selling pressure from Bitcoin sales by the German government have been balancing each other out, effectively stalling Bitcoin’s price.

The German government has sold all of its 50,179 Bitcoins, worth approximately $3.3 billion over the past 24 days, which were initially seized from an online piracy website.

Meanwhile, in the last 24 hours alone, the German government transferred 9,594 Bitcoin, valued at $553.7 million, and received 500 Bitcoin, worth $28.6 million. As of now, the German government holds no Bitcoin.

Bitcoin Price Performance 

Bitcoin (BTC) prices saw a brief surge following cooler-than-expected June inflation data but failed to break the crucial $60K mark. Initially, Bitcoin’s price rose above $59,000 after the report, but it has now settled to trade just above $58,119.

Read Also: Altcoin Season Soon: List of Altcoins To Stack For 20x Gains

https://coinpedia.org/news/bitcoin-poised-for-major-breakout-as-german-government-dumps-all-btc/

Bitcoin Touches $58K, XRP Soars 9%

By: Daniel
13 July 2024 at 09:00
Bitcoin Touches K, XRP Soars 9%

The crypto prices today have ignited considerable investor optimism, regaining an upside movement. Bitcoin (BTC) price briefly touched the $58K mark once again, while top cryptos Ethereum (ETH), Solana (SOL), and others followed, experiencing significant gains. Intriguingly, XRP witnessed an upsurge worth nearly 9%.

Meanwhile, the global crypto market cap saw a slight 1.10% increase in value to $2.14 trillion today. However, the global crypto market volume decreased 18.06% from yesterday to $56.45 billion.

Here’s a collection of some of the top crypto prices today, July 13.

Top Crypto Prices Today

Bitcoin Price

BTC price reattained an upward trajectory today, primarily against the backdrop of continued inflows in the Bitcoin ETFs. The flagship crypto’s price rested at $57,859.88 today, up 1.31% from yesterday. BTC’s daily bottoms and tops were $56,740.53 and $58,532.55, illustrating a brief trading session above the $58K level.

Meanwhile, data by Soso Value showcased $190.17 million in inflows in BTC ETFs as of July 12, Friday. It’s worth mentioning that this week, the Bitcoin exchange-traded products recorded nearly $1 billion worth of inflows.

Bitcoin’s market cap rested at $1.14 trillion today.

BTC Price July 13

Ethereum Price

The ETH price chart showed a 1.21% upswing at press time to rest at $3,124.31. Ethereum’s 24-hour lows and peaks were recorded as $3,048.51 and $3,157.56, respectively.

It’s worth citing that the Ethereum gas fees have dropped to their lowest level since May 2024, indicating inactivity on the network amid a looming ETF launch. Ethereum’s market cap rested at $375.91 billion today.

ETH Price July 13ETH Price July 13

Solana Price

Over the past day, the SOL price witnessed a 1.55% upswing to reach $139.23, aligning with the broader market trend. Solana’s 24-hour lows and tops were $134.16 and $140.47, respectively.

Crypto SOL price July 13Crypto SOL price July 13

XRP Price

The XRP price rallied phenomenally in the past 24 hours, gaining 9.01% at press time to trade at $0.4982. The Ripple-backed asset’s 24-hour bottoms and tops were $0.4489 and $0.4945, respectively.

Crypto XRP Price July 13Crypto XRP Price July 13

DOGE & SHIB Prices

Falling in line with the broader trend, Dogecoin (DOGE) witnessed a 1.74% increase in value and is currently trading at $0.108. Similarly, Shiba Inu (SHIB) rose 3.36% to reach $0.00001667 today.

However, Pepe coin continued a turbulent movement, down 0.34% to $0.000008785.

Top Crypto Gainers Today

Ronin (RON) price rallied 10.50% to $2.15.
ORDI price surged 11.65% to $33.90.
Bitcoin Cash (BCH) saw a 7.40% increase in value to $376.98.
Even XRP emerged among the day’s top gainers with its phenomenal gains.

Also Read: Crypto Stocks Rebound as COIN, MSTR, and MARA Soar

Top Crypto Losers Today

Safe (SAFE) price witnessed a pullback of 5% to rest at $1.42.
Sei (SEI) price dipped 3.94% to reach $0.3117.
Ethereum Name Service (ENS) price slipped 2.91% to $25.75.
Arweave (AR) price tumbled 2.76% to $23.88.

Besides, upon gauging in on the hourly time frame charts, it can be seen that BTC and ETH prices waned by 0.21% and 0.23%, respectively. The tokens are still battling market bears, hinting that price volatility may be expected moving ahead. Nonetheless, the crypto price today continue to glimmer hope among crypto market participants, resting in the green zone.

Also Read: Ripple CEO Garlinghouse Reflects on SEC v Ripple Lawsuit Anniversary

✓ Share:

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



https://coingape.com/crypto-prices-today-july-13-bitcoin-touches-58k-xrp-soars-9/

Received — 12 July 2024 ⏭ The Crypto Daily News

Bitcoin risks 30% loss against XRP if ‘triple bottom’ confirms

By: Daniel
12 July 2024 at 23:30
Bitcoin risks 30% loss against XRP if ‘triple bottom’ confirms

After hitting a four-year low, XRP (XRP) appears on the brink of a comeback against the Bitcoin (BTC) trading pair. Fueling this optimistic turnaround is the emergence of a classic bullish pattern, namely the triple bottom formation.

XRP eyes a 30% rebound versus Bitcoin

A triple bottom pattern develops when the price forms three distinct lows, all reaching a similar price level, thus indicating strong support.

Triple bottom trend reversal illustrated

After the third low, the price breaks above the neckline resistance level formed between the lows and, as a rule of technical analysis, rises by as much as the maximum distance between the pattern’s lowest point and the neckline.

As of July 12, the  XRP/BTC pair was testing its neckline support of around 793 satoshis (1 satoshi = 0.00000001 BTC) for a potential breakout.

XRP/BTC weekly price chart. Source: TradingView

Additionally, the pair’s weekly Relative Strength Index (RSI) reading of around 36 indicates that XRP is undervalued versus Bitcoin, further boosting its recovery potential in the coming weeks. That said, a decisive close above 793 satoshis will likely push XRP/BTC toward its triple bottom target of around 1,055 satoshis.

Conversely, a pullback from the neckline resistance, akin to similar retreats in recent history, risks pushing XRP/BTC toward its local bottom of 664 satoshis—down by over 15% from the current prices—by August.

Bitcoin’s 20% drawdown benefiting XRP price

XRP’s renewed strength versus Bitcoin primarily comes in the wake of the German government’s relentless selling of its BTC holdings in July. For context, the wallets associated with the government have witnessed 46,200 BTC in outflows since mid-June, amounting to around $2.69 billion worth of potential sell-pressure.  

German government’s Bitcoin wallet balance. Source: Arkham Intelligence

Furthermore, the ongoing reimbursement of over 140,000 BTC to Mt. Gox creditors has reduced traders’ appetite for Bitcoin with the XRP/BTC pair up over 20% in July.

Related: Buying the dip? Bitcoin institutional investors add 100K BTC in a week

Bitcoin dominance overall has slipped to 54.55% on July 12 from highs of 55.46% a week ago, suggesting that traders could be rotating into altcoins while the BTC price consolidation period plays out. 

Bitcoin Dominance Index daily performance chart. Source: TradingView

Looking broadly, XRP is relatively underbought versus most of the top-ranking crypto assets so far in 2024, with its year-to-date returns sitting around -26.50%.

The weekly Relative Strength Index (RSI) for XRP/BTC is rebounding after hitting its lowest level in two years at around 33, just three points above the oversold threshold. Historically, when XRP’s weekly RSI last reached 33, it was followed by an impressive 194% rally, suggesting a potential for significant upward movement this time as well.

XRP/USD weekly price chart. Source: TradingView

In comparison, BTC’s weekly relative strength is in a correction mode, having declined from a very overbought level of 88 in March to a neutral level of 45.50 as of July 12.

BTC/USD weekly price chart. Source: TradingView

This decline indicates that Bitcoin’s bullish momentum has significantly weakened in the past two months, which may benefit “underbought” big-cap altcoins like XRP in the coming weeks. XRP may reap additional benefits from the growing buzz around its “inevitable” exchange-traded fund (ETF) launch. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

https://cointelegraph.com/news/xrp-triple-bottom-30-price-boom-against-bitcoin

❌