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Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish Trend
14.10.2024
As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with...
Bitcoin Technical Analysis: Bulls Poised for Breakout as Price Hovers Near $65K
14.10.2024
As of Oct. 14, 2024, bitcoin (BTC) is trading at $64,905, with its 24-hour range spanning from $62,059 to $64,915. The leading cryptocurrency’s market capitalization sits at $1.28 trillion, while 24-hour trading volume has reached $29.38 billion. Current market data suggests bitcoin is in...
Ivory Coast’s Waribei Fintech Startup Raises Funds to Boost Small Business Support
14.10.2024
Ivorian fintech startup Waribei raised $820,460 in pre-seed funding to expand its platform, which aims to streamline financial transactions for small businesses in Francophone West Africa. Waribei focuses on understanding the specific needs of merchants and aims to provide solutions that address...
Avalanche-Based ‘Off the Grid’ Tops Epic Games’ Free Game Charts
14.10.2024
Off the Grid has proven popular among battle royale fans, who praise its mechanics and gameplay. Still in its early access stages, Off the Grid reached the top spot in the Epic Games Store and is set to issue GUN, its token, allowing players to use it to build an economy based on NFT items....
Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven
14.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from...
Report: Arkham Intelligence Plans to Roll out Crypto Derivatives Exchange
14.10.2024
According to someone with direct knowledge of the situation, speaking with Bloomberg, Arkham Intelligence, the company behind the multi-blockchain monitoring and parser tool, is gearing up to introduce a crypto derivatives exchange next month. Arkham Is Reportedly Preparing to Launch a Crypto...
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
14.10.2024
Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic...
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
14.10.2024
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data...
TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
14.10.2024
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and...
Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority
14.10.2024
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing...
Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7
14.10.2024
Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman...
Brazillian Central Bank Invites New Participants to CBDC Pilot Program
14.10.2024
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian...
How Bitcoin Miners Are Tapping Into the AI Gold Rush – Part 2
13.10.2024
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 3, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng follows up on her first...
Peter Todd: HBO Documentary’s Satoshi Nakamoto Claim Endangers My Life
13.10.2024
Software developer Peter Todd has dismissed the HBO documentary identifying him as Satoshi Nakamoto, the creator of Bitcoin. Todd expressed concern that the documentary could endanger his life due to the significant amount of wealth associated with Satoshi Nakamoto. Two experts argue that newer...
Bitcoin Shows Mixed Signals Amid Consolidation: Is a Reversal Coming Soon?
13.10.2024
Bitcoin (BTC) has experienced a steady decline in recent sessions, but technical indicators are sending mixed messages, hinting at a possible market shift on the horizon. Despite the bearish price trend, oscillators are providing a mix of neutral, buy, and sell signals, reflecting indecision among...
Report: GOAT Meme Coin, Created by AI Bot, Gains Massive Value Over the Past Day
13.10.2024
A meme coin named GOAT, issued by an artificial intelligence (AI) bot known as “Truth Terminal,” has gained significant traction with a dramatic rise in value. According to a report published by chaincatcher.com, authored by Deep Tide Techflow, on Oct. 11, the meme coin achieved...
Bored Ape Sells for $1.43M Amid 8.78% NFT Market Decline This Week
13.10.2024
NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital...
Donald Trump Reveals Defi Project’s Token Launch—But Not Everyone’s Happy About It
13.10.2024
On Saturday, former President Donald Trump announced that the World Liberty Financial (WLF) token sale will kick off on Tuesday, Oct. 15. In his post on X, Trump described it as a “chance to help shape the future of finance.” He also noted that an X Spaces discussion about the token launch will...
Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review
13.10.2024
In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto...
Serial Entrepreneur: Web3 Stagnant, Echoing 1980s AI
13.10.2024
According to Bernie Bloom, overcoming the blockchain trilemma requires building storage solutions that scale to exabytes and integrate seamlessly with smart contracts. Bloom, a serial entrepreneur and co-founder of Xandeum Labs, argues that this is essential for the “wholeness” of smart...