[ad_1] Despite the recent decline, Bitcoin is seeing an interesting shift in investor behavior, with analysts like Crypto Tony betting on possible bullish momentum in the near future. Though the market is still highly unpredictable, a tendency for consolidation and holding on to gains is slowly showing up. Related Reading Crypto Tony recently commented that a break above could show the beginning of a new uptrend, referring to $58,300 as the key resistance level. The most recent data from Glassnode makes a move in this direction, which indicates that though the price of Bitcoin remains highly unstable, key players may…
Author: dfrancis36
[ad_1] In a news that went widely unnoticed, Bitnomial Exchange, LLC, has self-certified a new futures contract for XRP with the Commodity Futures Trading Commission (CFTC) on August 9. The XRP US Dollar Futures contracts, or XUS, were scheduled to start trading yesterday, on August 13, 2024. However, the official website didn’t show any XRP Futures at press time. Notably, this certification could pave the way for the approval of a spot ETF in the United States. The XUS contract will be a physically settled futures contract, involving 100,000 units of XRP. In the official filing, Bitnomial outlined the structure…
[ad_1] An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in the Bitcoin price, as detailed in a new report by Markus Thielen, a market researcher at 10x Research. Bitcoin Price Boost Is Incoming In his latest research note, Thielen explains the critical importance of monitoring and analyzing crypto money flows, which provide crucial insights into market conditions that can either accelerate or inhibit Bitcoin’s price movements. “Traders are often caught off guard by price crashes, overlooking the critical signals these flows offer. However, the inverse is also true; a sustained increase in money…
[ad_1] Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials In this video, Panayiotis Omirou, CEO of MAP FinTech, discusses the challenges and advancements in implementing regulatory technology (RegTech) solutions. He addresses key challenges such as data consolidation from legacy systems, security concerns, and the need for in-house training. Panayiotis also explores how AI is enhancing data mapping, live monitoring, and…
[ad_1] Recently, a panel set by the British Columbia Securities Commission (BCSC) found crypto exchange ezBtc responsible of defrauding users of CAD 13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Crypto Savings Program Turns Out Scam The BCSC revealed that ezBtc and its founder, David Smillie, had perpetrated a “fraudulent scheme related to securities” by deceiving customers about the crypto trading platform’s services. The panel found that Smillie diverted approximately CAD13 million, worth around $9.5 million, in customer assets “for their own purposes.” EzBtc…
[ad_1] The Bitcoin (BTC) price has broken free from its recent consolidation phase, breaching the $60,000 mark and setting its sights on critical resistance levels essential for propelling the cryptocurrency to new all-time highs (ATHs). This surge comes amid emerging bullish momentum in the world’s largest digital asset. However, the key to continuing this breakout is the influential role of Tether (USDT), the largest stablecoin in the crypto ecosystem. USDT Minting Could Propel Bitcoin Beyond $73,700? According to technical analysts, such as Doctor Profit, the continuous minting of USDT by its issuer could be the decisive factor that pushes Bitcoin…
[ad_1] Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials Panayiotis Omirou | MAP Fintech | Executive Testimonials In this video, Panayiotis Omirou, CEO of MAP FinTech, discusses the challenges and advancements in implementing regulatory technology (RegTech) solutions. He addresses key challenges such as data consolidation from legacy systems, security concerns, and the need for in-house training. Panayiotis also explores how AI is enhancing data mapping, live monitoring, and…
[ad_1] In the aftermath of the recent market crash, crypto ETF products proved to be key in steering the course of the overall market recovery. After a sharp drop in total assets under management (AuM) to $75 billion following the carnage on August 5, the total rebounded significantly to $85 billion, effectively recouping over $20 billion lost during the correction. Crypto ETF Products Record Trading Activity CoinShares’ latest report shows the impact of these crypto ETF products, with trading activity soaring to $19 billion for the week, eclipsing the usual $14 billion weekly average observed thus far this year. The…
[ad_1] Despite Bitcoin (BTC) and Ethereum (ETH) still struggling to reclaim their all-time highs, there appears to be a distinct fact amongst both assets now, as shown in the latest data. Particularly, according to Matrixport’s recent report, Ethereum is now displaying greater price fluctuations compared to Bitcoin in the past weeks. Ethereum’s Volatile Outpacing Bitcoin’s Volatility measures the price variations of an asset over time, with higher volatility indicating more significant price changes. According to data from Matrixport, the 30-day realized volatility spread between ETH and Bitcoin typically ranges from 1.0 to 1.5. #Matrixport Today-Aug 13: #Ethereum’s Volatility Surpasses #Bitcoin’s#Cryptoassets…
[ad_1] Over the last year or so, since crypto prices began bouncing strongly from late Q3 2024, interest has spiked, drawing attention to low-fee and scalable alternatives to Ethereum. These blockchains, mainly Solana, allow users to deploy smart contracts cheaply, all while remaining trustless and, to some extent, reliable. Bot Activity Is Not After All Bad–Here’s Why However, while Solana and some Ethereum layer-2 platforms have drawn users, they are also a hive of bot activity. The near-zero fees in Solana explain the spike in bot activity, both useful and malicious, drawing the attention of analysts. Related Reading: Market Expert…