[ad_1] SUI has been one of the few assets that appears to be having a lone bull run despite the struggle of certain cryptocurrencies in the market to reclaim their major highs. Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13. Although the asset is currently facing a price decline down by 4.3% in the past 24 hours with a current trading price of $1.99, a prominent crypto analyst known as CryptoBullet…
Author: dfrancis36
[ad_1] According to a report by crypto research firm K33 Research, Bitcoin (BTC) price could benefit from the latest developments in the FTX bankruptcy saga. FTX Creditor Payouts Could Be Bullish For Bitcoin Analysts at K33 suggest that recent developments in the FTX estate creditor repayment process could help the leading digital asset maintain its bullish price momentum in Q4 2024. Last week, escalating geopolitical tensions in the Middle East and stronger-than-expected US jobs data led to a slight pullback in Bitcoin. The flagship cryptocurrency dropped from $65,920 on September 28 to $60,200 on October 3, before recouping some losses…
[ad_1] Este artículo también está disponible en español. According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000 at the beginning of the year to as high as $73,000 in March 2024, recording more than 73% gains. At its current market price of $62,790, BTC is still more than 40% up from its price in January 2024. Related Reading Notably, throughout 2024,…
[ad_1] Wirex Pay has launched early access to its new app for select whitelisted users. The app is part of Wirex’s decentralized payment network, aiming to update the use of digital assets in everyday payments. This early phase allows users to test the system before a broader rollout.Direct Crypto Payments WorldwideWirex Pay is designed to give users complete control over their digital assets through a non-custodial wallet. It offers crypto payment capabilities for both online and in-store purchases across over 200 countries. The app is structured to eliminate the need for intermediaries, giving users direct access to their assets for…
[ad_1] Global fintech Revolut revealed it prevented millions in potential losses in the last three months, using its crypto-specific measures and transaction monitoring to tackle criminal activity as malicious actors continue to target the industry. Revolut Prevents $13 Million Losses In Q3 Revolut, the UK-based neobank with over 45 million customers worldwide, revealed it had prevented losses of over $10 million worth of crypto in three months. From June 1 to September 1, the global fintech stopped around $13.5 million in potential fraudulent transactions from its platform. The company has pledged to prevent “crypto fraud at source,” aiming to stop…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) has seen significant volatility in recent weeks, dropping from a one-month high of nearly $2,730 at the end of September to around $2,400, raising concerns about the medium-term price sustainability of the second-largest cryptocurrency by market capitalization. Ethereum Rally To $6,000 If $2,300 Support Holds Ethereum has fallen 7% in the past two weeks, with a key support level now at $2,300. This support is crucial for bullish investors hoping for a resurgence that could push ETH to new all-time highs. According to technical analyst Ali Martinez, this moment is…
[ad_1] The United Nations recently issued a surprising report stating that Telegram has emerged as a major platform for criminal networks in Southeast Asia. This encrypted chat software has become a hotspot for money laundering, fraud, and the exchange of stolen data, according to the UN. The findings show that organized crime groups are using Telegram’s features to carry out illegal activities with startling ease. Telegram: A New Era In Crime Based on the UN Office on Drugs and Crime (UNODC) report, these criminal enterprises generate between $27.4 billion and $36.5 billion each year. The research discusses how Telegram has…
[ad_1] As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post on the CryptoQuant QuickTake platform, mentioning what its trend means for investors. According to the analyst, the Non-Realized Profit metric offers a window into the unrealized gains or losses held by Bitcoin investors, which can influence future market movements. Understanding The Current Zone In Non-Realized Profits The Non-Realized Profit metric is often used…
[ad_1] The world’s biggest Bitcoin event, the Bitcoin 2024 Conference, is kicking off today in Amsterdam. Following the massive conference in Miami earlier this year, Bitcoin leaders are converging in Europe for two days of discussions about the future of Bitcoin.Bitcoin 2024 Amsterdam is expected to draw over 5,000 attendees who will hear from more than 150 speakers on October 9-10.Headliners at the Amsterdam event include Jack Mallers, CEO of Strike, who will discuss “The Bitcoin Revolution.” Elizabeth Stark of Lightning Labs will also lead sessions.Other featured speakers include Blockstream CEO Adam Back, German Parliament member Joana Cotar, and many…
[ad_1] On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price. Bitcoin UTXO Supply In Loss Has Seen A Sharp Increase Recently In a new post on X, CryptoQuant author Axel Adler Jr talked about the recent trend in the Bitcoin Unspent Transaction Output (UTXO) Supply in Loss indicator. The “UTXO Supply in Loss” measures, as its name suggests, the total percentage of UTXOs in existence (or more simply, just the tokens) that are being held at some net unrealized loss. The indicator works by…