[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
Author: dfrancis36
[ad_1] Tether’s USDT has crossed yet another significant milestone in market capital, surging past the $115 billion mark. This attainment is a proof of the fact that stablecoin gains massive traction in the market, especially under periods of high volatility where users rush for safer crypto assets. USDT has become an indispensable part of the digital asset ecosystem, having a general use for trading and as an outlet for investors during times of market uncertainty. Source: IntoTheBlock Resilience In The Crypto Market Cryptocurrencies have shown some excellent resilience in the market of late, with some of the biggest in the…
[ad_1] Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. Related Reading XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed in an X (formerly Twitter) post that XRP is now in wave three based on the chart structure he shared, with the crypto token targeting $1.88, $5.85, and $18.22 on this bullish wave. The chart also showed that XRP could reach this price target…
[ad_1] The price of Bitcoin — and the general market — started the week with one of the largest declines they have seen in 2024. While this broad market downturn resulted in widespread fear and panic amongst crypto enthusiasts, it appears that many investors took the opportunity to amass more digital assets at low prices. According to the latest on-chain data, significant amounts of Bitcoin have moved out of cryptocurrency exchanges. The question here is — what does this mean and how does it affect the BTC price? Are Investors Backing The Bull Run To Continue? According to recent data…
[ad_1] Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro developments in different countries. This significant decline has had a widespread effect on the market sentiment, with most investors now treading cautiously. This can be seen with the recent drop in Ethereum open interest, which could hold serious implications for the price of ETH. Ethereum Open Interest Declines By $6 Billion — Impact On Price? According to the latest report…
[ad_1] Hong Kong has been one of the world’s crypto-friendly regions, and so far, the region appears to continue to nurture this amiable relationship with the sector. Recently, Hong Kong Legislative Council member Johnny Ng pressed for greater banking accessibility for crypto and Web3 firms in the region. This initiative aims to remove any existing barriers between these crypto-related companies and the local banking services in the region, which seem essential for their operation, given their connection to financial services. Banking Struggles For Crypto Firms It is worth noting that the call for easing banking restrictions came directly from Johnny…
[ad_1] The show’s star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat. Related Reading XRP Shows The Way XRP is exploding in price given how it controls the rough waves of the crypto market. Now everyone is focused on XRP as it gets ready for what might be a turning moment in its path. This is true since the market shows good vitality in general. People are talking about the coin all over social media since its…
[ad_1] Amid the buzz surrounding political tokens and the heated race for the White House between former President Donald Trump and Vice President Kamala Harris, a token known as Restore the Republic (RTR) emerged. According to Fortune, this crypto, which exploited rumors surrounding the Trump family, defrauded investors and led to the loss of significant amounts of funds. The Short-Lived Saga Of RTR Unraveled Per the report, it all began on Thursday when the RTR token suddenly emerged on the Solana blockchain. Speculations immediately swirled that this new cryptocurrency was connected to former President Donald Trump or his family. According…
[ad_1] Venture capitalist and investor Chris Burniske believes that the crypto market is setting up for a massive bull run. A partner at digital asset venture firm Placeholder tells his 297,500 followers on the social media platform X that he believes crypto is gearing up for a big upside burst after this week’s marketwide correction, buoyed by an imminent boost in global liquidity. However, the investor warns that market volatility could persist through September before the bull rally. “Sentiment reset and leverage flush while most quality crypto assets put in significantly higher lows than we saw in 2023. Meanwhile, central…
[ad_1] A Nigerian pro-Bitcoin politician and activist revealed he filed a lawsuit against several Nigerian authorities for the restrictions on ownership, use, and trade of BTC, USDT, and other cryptocurrencies in the country. The lawsuit comes after the Nigerian government’s stringent measures to try to control the crypto industry. Pro-Bitcoin Politician Fights For Crypto Investors’ Rights Nigerian politician, educator, and Bitcoin advocate James Otudor shared the details of the lawsuit he filed against key government entities in the country. The lawsuit, filed in July, is set to challenge the recently imposed restrictions on the industry and advocate for the rights…