[ad_1] This past weekend, the much-anticipated 2024 Bitcoin Conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s aspirations for possible re-election in the upcoming November elections. According to recent reports, Trump’s campaign raised a substantial $25 million in a single night at a private fundraising event held on the sidelines of the broader conference. Trump’s Speech Electrifies Conference Attendees David Bailey, the CEO of BTC Inc. and the organizer of the 2024 Bitcoin Conference, confirmed the $25 million fundraising total to Breitbart News in an exclusive interview. Bailey also explained…
Author: dfrancis36
[ad_1] Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows. What To Expect From The ETH Price Roman mentioned during an interview with Hall of Flame that he doesn’t see Ethereum “doing that well” for the next few months. The analyst believes that ETH will suffer a similar fate to the rest of the crypto market as Bitcoin sucks up all the liquidity while altcoins continue to…
[ad_1] On Tuesday, Nader Al-Naji, the creator of open-source blockchain-based social media platform BitClout, came under fire from both the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for his involvement in an alleged “multi-million dollar fraudulent crypto scheme” involving the BitClout platform and its native token, BTCLT. Allegations Against BitClout Founder The SEC’s complaint paints a troubling picture of Al-Naji’s actions, alleging that since November 2020, he raised over $257 million through “unregistered offers” and sales of BTCLT, deceiving investors by falsely assuring them that the proceeds would not be used for personal gain. However,…
[ad_1] With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week. Related Reading The Bitcoin fork has grown by 12% over the past 30 days, therefore transcending just short-term benefits. At $430 right now, and up 18% in the weekly frame, BCH has a market valuation of $8.60 billion and a 24-hour trading volume of $1.33 billion. With BCH controlling 0.36% of the crypto market, the general trend stays favorable even if…
[ad_1] An analyst from the CryptoQuant QuickTake platform has now drawn attention to a particular trend tied to the Coinbase Premium Index (CPI) which currently suggests a grim move brewing for Bitcoin. This indicator, when placed with its Simple Moving Average over 14 days (SMA14), has often shown a significant correlation with Bitcoin’s selling pressure, shedding light on how crucial its impact is on the market. Bull or Bear: What the Coinbase Index Tells Us Before diving into what the Coinbase Premium Index is currently signalling for Bitcoin, it is worth explaining further the essence of this indicator to grasp…
[ad_1] In a public statement, popular crypto advocate and co-founder of Gemini exchange, Cameroon Winklevoss has issued a stark warning to the community about a potential bluff from incumbent Vice President of the United States, Kamala Harris. Winklevoss’ warning comes in light of recent speculations about an anticipated reset meeting between the vice president and crypto companies in the industry. Crypto Advocate Says “Beware Of The Big Bluff” According to recent reports, Vice President, Kamala Harris and her campaign advisors are seeking to meet with top institutions in the crypto industry. The purpose of the meeting is to “reset” the…
[ad_1] For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In a new post on X, Altrichter explains why. FOMC Preview Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate cut. According to Altrichter, the financial markets are almost unanimously anticipating this move, with Fed fund futures indicating a…
[ad_1] Despite growing rumors that the world’s largest asset manager may file a spot Solana ETF (exchange-traded fund) with the US Securities and Exchange Commission (SEC), BlackRock executive Samara Cohen has dismissed the possibility, at least in the near future. BlackRock Pours Cold Water On Solana ETF Hopes In a recent interview with Bloomberg, Samara Cohen, BlackRock’s chief investment officer of ETF and index investments, acknowledged that the firm was not actively pursuing a Solana ETF in the near term. Cohen cited a lack of demand from clients and concerns about the overall maturity of the Solana ecosystem. “For us,…
[ad_1] XRP price is gaining pace above the $0.6320 resistance zone. The price is up over 6%, outperforming Bitcoin, and might rise further toward $0.6750. XRP price is gaining pace above the $0.6320 zone. The price is now trading above $0.640 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.640 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could rise further if it clears the $0.6580 resistance zone. XRP Price Rallies Over 6% XRP price formed a base above the $0.60 zone and started a…
[ad_1] The US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) charged Nader Al-Naji, the founder of the crypto social media platform BitClout, with wire fraud and the sale of unregistered securities. He was arrested last Saturday and presented before a California judge on Monday.The Controversial BitClout PlatformAccording to the announcement yesterday (Tuesday), Al-Naji, known by his pseudonym “Diamondhands,” raised more than $257 million from unregistered offers and sales of BTCLT, BitClout’s native token. He allegedly misappropriated $7 million of investor funds for personal expenditures, including rental payments for a Beverly Hills mansion and extravagant cash gifts to…