Crypto News Center

Stocks to buy today: Wipro, L&T among top 9 trading ideas

Synopsis The Indian market is expected to consolidate, with Nifty facing resistance at 24,850 and support at 24,400. Analysts suggest a trading range between 24,200 and 25,000. Several stocks are recommended for short-term trading, including Nippon Life, APL Apollo, and Jindal Steel. Shutterstock.com Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.04% at 24684 levels on Tuesday. Indian...

Spot Bitcoin ETFs Ride Ethereum ETFs Coattails As BlackRock Sees Record Daily Inflows

Spot Bitcoin ETFs are riding high on the success wave of Ethereum ETFs, fueling a surge in crypto investments like the ETFSwap (ETFS) presale, as BlackRock reports record-breaking daily inflows. This exciting trend marks a new era in the cryptocurrency market, drawing unprecedented interest and capital. Spot Bitcoin ETFs are currently experiencing a significant boost in popularity, riding on the success wave of Ethereum ETFs. This surge in Spot Bitcoin...

South Korean CEO Arrested in $366M Crypto Fraud Case

The fraud has had a severe impact on elderly investors, many of whom were not familiar with cryptocurrency. In a startling development, Byun Young-oh, the CEO of South Korean tech company Wacon, has been taken into custody in connection with a massive cryptocurrency fraud. The alleged scam, centered around Ethereum investments, is said to have defrauded more than 500 individuals, leading to significant financial losses, said to involve approximately $366...

Discovering the Creator-Driven World of Nifty Island

In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last episode’s livestreamed game showcased Spellborne’s side quests. After delving into Spellborne’s side quests, I also shared my personal insights and explored the game’s tokenomics. Want to know more? Check out this link. Regina’s Web3 Gaming Odyssey: Episode 8 After diving...

Ethereum ETF Day 1 beats ‘20% of BTC’ estimate – What’s next?

Journalist ETH ETF’s first-day results outperformed analysts’ estimates of 15-15% of BTC ETFs.  BlackRock’s ETHA led the way, but Grayscale bled out nearly a half-billion in outflows.   U.S. spot Ethereum [ETH] ETFs had a remarkable debut, clocking over $1 billion in trading volumes. Grayscale’s ETHE, alongside BlackRock and Fidelity ETH ETFs, saw over $100 million in day 1 trading volumes.  The rest, including Vaneck, Franklin and Invesco Galaxy, saw their...

NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental factors and efforts made by the development team. THORChain Revenue Rising After Swap Fee Increment...

Ethereum large holders move $2 billion in two hours

Meanwhile, spot Ethereum ETFs see nearly $100 million in inflows, second-largest since launch. Key Takeaways Dormant ETH addresses linked to PlusToken moved $2 billion after three years. Spot Ethereum ETFs saw $100 million inflows, the second-largest since launch. Large Ethereum (ETH) holders moved 820,000 ETH in the past 24 hours, equivalent to over $2 billion. As reported by the user Lookonchain on X (formerly Twitter), market maker Jump Crypto transferred...

Ethereum Adoption Receives Boost from Vitalik Buterin’s $300,000 Donation, Which Altcoins Will Benefit?

Ethereum, a unique blockchain platform invented by Vitalik Buterin, has recently gained new momentum in its adoption thanks to his $300,000 Grant for the Gitcoin Grants Round 16. The latest developments in the Ethereum ecosystem have sparked continued interest in Ethereum and associated altcoins, including RCO Finance (RCOF), Axelar (AXL), and AEVO (AEVO). Vitalik Buterin’s Grant Ignites Ethereum’s Ecosystem Ethereum’s co-founder, Vitalik Buterin, also supports decentralization and new ideas in...

Binance Tries to Head off Indian $86 Million Penalty

By Mark Hunter 6 days agoWed Aug 07 2024 08:03:12 Reading Time: 2 minutes Binance is contesting an $86 million tax showcause notice from India’s DGGI issued last week The notice pertains to fees collected from Indian customers from July 2017 to March 2024 Binance has recently accepted a $2.2 million fine for unregistered access by Indian users Binance is contesting an $86 million tax showcause notice issued by India’s...

XRP Price Climbs Back: Is This The Start of a Bigger Move?

XRP price found support near the $1.90 zone. The price is recovering losses and the bulls might soon aim for a move above the $2.35 resistance zone. XRP price started a fresh decline below the $2.25 zone. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.22 on the hourly chart of the...