[ad_1] Dogecoin has broken away from the rest of the market with a 9% surge. Here’s why this could be bad for Bitcoin, according to history. Dogecoin Has Registered A 9% Jump During Last 24 Hours While most of the cryptocurrency market has seen sideways price action during the past day, Dogecoin has shown to be different as its value has witnessed a notable increase. The below chart shows the trend in DOGE’s price over the past month. From the graph, it’s visible that the Dogecoin price has claimed the $0.134 mark with this rally and has surpassed the high…
Author: dfrancis36
[ad_1] An Indian man received a 5-year sentence for a multi-million fraud involving a fake Coinbase website. The 2-year scheme took over $20 million in crypto from hundreds of victims, which was used to fund the fraudster’s lavish lifestyle. Indian National To Serve 5-Year Sentence On Thursday, the US Attorney’s Office for the Western District of North Carolina announced that an Indian man was sentenced to 5 years in prison for stealing over $20 million using a spoofed website imitating crypto exchange Coinbase’s platform. US District Judge Kenneth D. Bell ordered Chirag Tomar, a 31-year-old Indian National, to serve 60…
[ad_1] For years, the financial community has debated on the best and safest investment during uncertain times. For most conservative traders and investors, bonds are an obvious choice. But for the younger set and tech-savvy individuals, Bitcoin is a better option. Despite fiscal challenges and current global economic trends, gold remains the best bet for analysts at Bank of America. According to Bank of America, gold remains solid, regardless of falling or even higher interest rates. Interestingly, the bank is silent on Bitcoin’s role in the financial markets. However, many leading American banks are starting to get friendly, with Bank…
[ad_1] Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency. Active Address Momentum Signals Upward Market Structure Active addresses represent the number of unique addresses conducting transactions on the Bitcoin network, providing insights into network activity and investor engagement. By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, the CryptoQuant analyst could assess the network’s growing momentum. The analyst emphasized that the 30DMA has sharply risen…
[ad_1] DeFi ecosystem expert has given an eye-opening investment alert that could help you make millions of dollars if you take early action. This expert has predicted the ETFSwap (ETFS) price to make a meteoric 20,700% rally from its current presale price of $0.03846 to $8 in the coming crypto market cycles. Alongside the ETFSwap price, this reliable DeFi expert has also predicted the XRP price to experience a massive upshoot to $5 and the Shiba Inu price to hit $0.0008 in millionaire-making rallies. Consequently, investment experts have nudged whale and retail investors alike to take advantage of the floor…
[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] In a story within the decentralized prediction market sphere, a researcher has accused a crypto bettor, operating under the pseudonym ‘Fredi9999’ or simply ‘Fredi,’ of significantly manipulating the odds for former President Donald Trump on the crypto platform Polymarket. Over the past fortnight, Trump’s probability of winning has surged from near parity with Vice President Kamala Harris to a substantial 60.7%, while Harris’s odds have dwindled to 39.3%. The allegations were brought to light by Domer (@Domahhhh), a pseudonymous political crypto bettor, who detailed his findings in an extensive thread on X. Domer stated: “A long-winded and winding update…
[ad_1] A prominent crypto analyst has sparked a thought-provoking debate on social media platform X, suggesting that the Dogecoin price may mirror XRP’s performance during the previous bull market. While most major cryptocurrencies surged to new all-time highs in the 2021 bull run, XRP struggled to break past its previous peak. Now, crypto analyst Tony “The Bull” Severino has drawn a comparison to Dogecoin displaying similar price action, noting the question of what if Dogecoin “pulls an XRP this cycle?” Drawing Parallels Between XRP And Dogecoin Price According to a technical analysis of the XRP and Dogecoin price charts Tony…
[ad_1] Este artículo también está disponible en español. Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms and asset managers. Related Reading Notably, slightly more than one out of five institutional investors – or 22.6% – of the respondents said that ETH or an ETH-based liquid staking token (LST) constitutes more than 60% of…
[ad_1] Amid the recent renewed upward price movement in Bitcoin, the demand for the largest cryptocurrency asset among short-term holders has witnessed a notable rise, suggesting strong optimism about BTC’s potential for growth in the near term. Short-Term Holders Demand For Bitcoin Rebounds Axel Adler Jr., a macro researcher and author at leading on-chain firm CryptoQuant, recently reported that the average demand for Bitcoin from short-term holders has resumed after spotting positive advancements in the BTC’s Short-Term Holders Supply 30D Change metric following a period of decline. According to market data, these investors, who are usually identified by their ownership…