[ad_1] A widely followed cryptocurrency analyst and trader is turning bullish on a memecoin built in the Solana (SOL) ecosystem. The analyst pseudonymously known as Bluntz tells his 286,900 followers on the social media platform X that Popcat (POPCAT) is “about to go parabolic.” Bluntz says that Popcat has stayed “insanely strong” amid a correction in the crypto market over the past few days. “Strength during marketwide pullbacks usually turns into undeniable outperformance during market-wide strength.” Based on a four-hour chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis, it appears that Bluntz…
Author: dfrancis36
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…
[ad_1] Bitcoin (BTC) is currently witnessing a price recovery after a brief dip earlier in the week. Despite these fluctuations, a CryptoQuant analyst under the pseudonym BaroVirtual has shared some encouraging long-term insights regarding whale activity. According to the analyst, whales—large holders of Bitcoin—now control approximately 670,000 BTC, the highest amount ever recorded. This accumulation phase by whales is being seen as a positive signal for Bitcoin’s long-term outlook. Whale Continues Accumulation BaroVirtual emphasized that when whale holdings reach such high levels, Bitcoin tends to remain in a sideways trading pattern or experiences mild price declines. This accumulation phase, however,…
[ad_1] On-chain data shows Chainlink has continued to observe negative exchange netflows recently, a sign that could be bullish for LINK’s value. Chainlink Exchange Netflows Have Been Negative For Almost A Month In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend in the exchange netflow of Chainlink. The “exchange netflow” here refers to an indicator that keeps track of the net amount of LINK entering into or exiting out of the wallets associated with centralized exchanges. When the value of this metric is positive, it means these platforms are receiving a net…
[ad_1] Este artículo también está disponible en español. In a post published on October 23, Ethereum (ETH) co-founder Vitalik Buterin shared details about ‘The Verge’ upgrade, which aims to make it easier to run validator nodes. New Ethereum Upgrade To Make Running Nodes Easier Buterin highlighted several issues currently facing the Ethereum network, particularly the high resource requirements needed to run Ethereum nodes. Related Reading According to research from Paradigm, an Ethereum client needs to store “hundreds of gigabytes of state data” to verify transaction blocks. Further, this data requirement increases by almost 30 GB every year, leading to fewer…
[ad_1] On Thursday, October 24, Ripple Labs filed the Civil Appeal Pre-Argument Statement, known as Form C, in its case with the US Securities and Exchange Commission (SEC). This document outlines the critical issues the company intends to present on appeal, each subject to a de novo standard of review, meaning the appellate court will re-examine the issues without deferring to the lower court’s conclusions. Ripple’s Four Key Issues On Appeal The appeal focuses on four main arguments. First, the company challenges the definition of an “investment contract” under Section 5 of the Securities Act of 1933. Ripple contends that…
[ad_1] Este artículo también está disponible en español. Amid the surge in polls in favor of former President and Republican candidate Donald Trump over Vice President Kamala Harris, expectations for a further recovery of the Bitcoin price soared, but the rally seen in late September and the first weeks of October has faded, with experts attributing it to tightening financial conditions that could affect the broader crypto market. How Trump’s Campaign And Rising Yields Impact Bitcoin Price According to a recent Bloomberg report, Bitcoin’s association with Trump is becoming more pronounced as global markets react to his potential return to…
[ad_1] The South Korean government plans to regulate cross-border transactions of virtual assets, such as cryptocurrencies, The Korea Times reported. The proposed regulation will introduce new registration and reporting requirements for involved parties from the second half of 2025.New Regulations IncomingAlthough details of the proposed regulations are yet to be disclosed, the Finance Ministry stated today (Friday) that the new regulatory framework will require prior registration and monthly transaction reporting to the Bank of Korea for all business dealings involving cross-border trade of virtual assets.Despite the Finance Ministry’s proposal, lawmakers have yet to complete the necessary legislative requirements.Although South Korea…
[ad_1] A cybersecurity firm yesterday reported that a group of notorious hackers from North Korea was able to steal $3 billion worth of cryptocurrency from users by devising a fake blockchain game. Kaspersky Lab said that the Lazarus Group took advantage of a key vulnerability in the Google Chrome browser that allowed them to drain the crypto wallets of their victims. Lazarus Group: $3 Billion Crypto Heist It was reported that the North Korean hackers used the fake game to steal more than $3 billion in cryptocurrency — an operation the group successfully conducted within a six-year period, from 2016…
[ad_1] Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels. Dogecoin Price Eyes Upside Break Dogecoin price started a downside correction from the…