[ad_1] The global cryptocurrency market continues to attract significant investor interest as crypto investment products recorded a substantial influx of funds last week. According to CoinShares’ latest weekly report, crypto funds registered a net inflow of $2.19 billion globally, bringing year-to-date (YTD) net inflows to a record high of $33.5 billion. The surge in inflows coincided with Bitcoin’s recent rally to a new all-time high of $93,477, which contributed to CoinShare’s total assets under management (AUM) for crypto funds reaching roughly $138 billion. Global Distribution Of Crypto Inflows And Key Trends US-based funds primarily drove the inflows, accounting for $2.21…
Author: dfrancis36
[ad_1] Solana started a fresh increase above the $220 zone. SOL price is consolidating gains and might aim for an upside break above the $250 resistance. SOL price started a fresh increase after it settled above the $200 level against the US Dollar. The price is now trading above $225 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $237 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $250 zone. Solana Price Eyes More Upsides Solana…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Nepal’s Financial Intelligence Unit (FIU), in its Strategic Analysis Report 2024, revealed that the country’s blanket ban on crypto trading has become a significant obstacle for fraud victims seeking to report their cases to authorities. Digital Asset Ecosystem In Nepal At A Glance The FIU is a division of Nepal Rastra Bank, the country’s central bank. It monitors and reports suspicious transactions, particularly those linked to illicit activities such as money laundering and terrorism financing. The report highlighted an increase in fraudsters using techniques like “smurfing,” where large transactions are divided into smaller amounts to avoid detection. Additionally, these…
[ad_1] Este artículo también está disponible en español. In an announcement today, Japanese firm Metaplanet revealed plans to increase its Bitcoin (BTC) holdings by issuing $11.3 million worth of bonds to fund the purchase. Metaplanet To Increase BTC Holdings Through Bond Issuance The Tokyo-listed company announced on November 18 that its Board of Directors had approved a debt sale with a guarantee worth 1.75 billion yen, or approximately $11.5 million. The bonds will have a one-year maturity period, maturing on November 17, 2025, and will carry an interest rate of 0.36% per annum. Related Reading The proceeds from the bond…
[ad_1] The social media account of a well-known educational platform was reportedly targeted in a cyberattack, leading to its unauthorized compromise. Giggle Academy founder Changpeng Zhao told followers of Giggle Academy to be cautious in dealing with their X account, confirming that their social media account had been hacked. Efforts To Regain Control Zhao, who is also the founder of the Binance crypto exchange, urged Giggle Academy followers to be careful when interacting with any content from their hacked X account, denying social media posts about the appointment of a new CEO of the educational platform. Zhao said that his…
[ad_1] Este artículo también está disponible en español. Tom Lee, the head of research at independent financial analysis firm Fundstrat, has reiterated his optimistic outlook for the Bitcoin price, predicting that the cryptocurrency is on track to reach the $100,000 mark before the year concludes. Optimistic Bitcoin Price Outlook In a recent appearance on CNBC’s Squawk Box, Lee discussed the implications of the political landscape following Donald Trump’s victory over Kamala Harris in the presidential election, suggesting that Bitcoin could play a pivotal role in the upcoming administration. Lee articulated that Bitcoin could serve as a solution to some of…
[ad_1] The digital asset market witnessed massive growth in 2024, with the entire market cap of all cryptocurrencies topping $3 trillion following Donald Trump’s election as US president. Most experts expect the market to continue experiencing bullishness in 2025, with prices of most crypto assets soaring to new heights.As 2025 approaches, the cryptocurrency market is ready to evolve significantly. The year is set to bring new developments in crypto tokens and blockchain technology as users, investors, and even governments become attracted to this asset class. This article examines some of the major trends and potential catalysts that could shape the world…
[ad_1] The CryptoQuant founder has shared a model for Bitcoin that suggests the cryptocurrency’s maximum price could lie around $135,000 right now. Bitcoin Model Established On Realized Cap Could Reveal Price Ceiling & Floor In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a BTC pricing model that’s based on the Realized Cap. The “Realized Cap” here refers to an on-chain valuation model for Bitcoin that assumes the ‘real’ value of any coin in circulation is the price at which it was last transacted on the blockchain. For any token, its last transfer…
[ad_1] Data shows the Bitcoin Open Interest has reached yet another all-time high (ATH), a sign that more volatility could be coming for BTC. Bitcoin Open Interest Has Reached A Fresh High Recently As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the BTC Open Interest has shot up recently. The “Open Interest” here refers to a metric that keeps track of the total amount of derivatives positions related to Bitcoin that are currently open on all exchanges. When the value of this indicator goes up, it means the derivatives users are opening up fresh…