[ad_1] Over the last month, the crypto airwaves have been filled with reports of the German government selling large amounts of Bitcoin. These sell-offs have negatively impacted the Bitcoin price, as well as the broader crypto market, sending the whole market into the red. However, while the German government has been the most prominent seller during this time, it is not the only entity that has been offloading its Bitcoin holdings. Genesis Trading Begins Selling $2 Billion Bitcoin Stash In the fray of the German Government’s Bitcoin sell-offs, other entities selling BTC have swam into the background, but not for…
Author: dfrancis36
[ad_1] The Celestia (TIA) token has suffered one of the worst price crashes following Bitcoin’s decline, falling from as high as $20 to as low as $5 before a brief recovery. However, this crash has not deterred bulls, who believe that this altcoin is set to achieve great things in the market. Celestia Could Explode 2,750% To $188 A recent analysis posted by crypto analyst ‘House Of Crypto Kings’ has caught the attention of the Celestia community. In the post, the crypto analyst maps out a rather impressive path for the coin to rally more than 2,700% and reach brand…
[ad_1] Another DeFi protocol fell victim to an exploit on Friday morning. Dough Finance, an open-source protocol to create non-custodial liquidity markets, suffered a flash loan attack that took nearly $2 million in user funds. The project’s team announced they are working to resolve the situation promptly. Dough Finance Protocol Loses $1.96 Million On July 12, online reports concerning activity from Dough Finance were called out. Web3 blockchain security platform Cyvers informed us that it had detected multiple suspicious transactions involving the DeFi protocol. Per the report, the hacker manipulated Dough Finance’s smart contract and stole $1.8 million in USDC.…
[ad_1] The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels. In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish daily trend. Despite this cautionary outlook, there are encouraging signs, including significant inflows to Bitcoin exchange-traded funds (ETFs) and…
[ad_1] The ongoing frenzy over memecoins created on top blockchains over the past year has found a notable competitor in the Solana-based marketplace Pump.fun, a crypto project reminiscent of the anonymous social media platform on the Ethereum blockchain 4chan. Over One Million Memecoins Created In 7 Months According to a Bloomberg report, since its launch in January 2024, Pump.fun has witnessed the creation of more than one million memecoins on the Solana and Blast blockchains, establishing itself as the go-to platform for retail investors to create and trade these tokens. However, the report notes that Pump.fun has faced criticism for…
[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] Crypto analyst Titan of Crypto has highlighted a bearish pattern on Bitcoin’s dominance chart, suggesting that altcoin season might be on the horizon. The analyst expects these altcoins to make massive moves soon enough, having experienced significant declines for some time now. Bitcoin Dominance Chart Forms Bearish Pattern Titan of Crypto mentioned in an X (formerly Twitter) post that the breakout on the rising wedge on Bitcoin’s dominance has been confirmed. As such, Bitcoin’s dominance is expected to experience a decline to the downside. The crypto analyst added that this could be a good time for altcoins to recover…
[ad_1] The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not believe that the decline is done and expects the fall to continue from here. Bitcoin Dump Far From Over A crypto analyst on the TradingView website, who goes by the pseudonym ‘Luca VIP,’ has expressed bearish tendencies for the Bitcoin price going forward. In…
[ad_1] The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin Layer 2 (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. SEC Ends Probe Into Stacks Muneeb Ali, co-creator of the Stacks protocol, announced the termination of the SEC investigation through a social media post on Friday, expressing satisfaction with the outcome and stating that after providing all requested information and explaining the workings of the Stacks network and Hiro’s role as a developer tooling company, the SEC decided to drop the investigation. Ali stated: We’re pleased that the SEC dropped the investigation…
[ad_1] A popular crypto trader and analyst thinks one Ethereum (ETH) rival is gearing up for a strong finish in 2024. The pseudonymous analyst known as Altcoin Sherpa tells his 217,900 followers on the social media platform X that Solana (SOL) has a healthy market structure and predicts a breakout for the top-10 altcoin before the year’s end. “SOL looks more like the green box versus the red box to me. The reason is mostly due to: Previous price action (run from $20-$200 was way different in 2021 versus 2024). More defense of key levels this time around i.e. $130.…