Crypto News Center

Ethereum Nosedives to $2,100 Amidst Institutional Sell-Offs

During early Monday in Asian trading hours, Ethereum (ETH) plummeted to its lowest since January 2024, hitting a low of around $2,100. This sharp drop occurred in just a 15-minute window around 01:00 UTC, with Ethereum’s value nosediving from $2,540 to $2,100—a 15% fall. This swift descent shocked traders, struggling to believe the rapid decline. Jump Trading and Other Institutions Trigger Ethereum Sell-Offs Alongside Ethereum, major assets like Bitcoin (BTC)...

XRP Hits New Highs: What’s Next for This Bullish Trend?

You are here: Home / News / XRP Hits New Highs: What’s Next for This Bullish Trend? XRP surges 34% in December, hitting $2.61, with predictions of reaching $4 if it breaks key resistance levels. Whale Alert tracks a $47M XRP transfer, raising speculation of price shifts after a brief three-day slump. XRP shows strong upward momentum, with hopes of further gains if it holds above crucial support levels in...

Crypto Whales Undeterred By Spot Ethereum ETFs Outflows As Large ETH Buys Continue

Amid recent Spot Ethereum ETFs’ outflows, crypto whales remain unfazed as they make massive Ethereum (ETH) purchases, suggesting a bullish outlook on Ethereum (ETH) and Spot Ethereum ETFs. This recent crypto whales’ accumulation has heightened investor activity on ETFSwap FS), an ETF(ET trading platform offering huge gains in the rising crypto-ETF market. Despite Ethereum’s lackluster reaction to Spot Ethereum ETFs approvals, crypto whales are showing remarkable confidence in the asset....

Crypto firm Prometheum gained an edge under Gary Gensler’s SEC. Suddenly its future appears less certain

For years, the crypto industry has complained about the Securities and Exchange Commission’s hard-line stance, and its refusal to develop rules that account for blockchain’s distinct technology. One firm, though, claimed the SEC’s current crypto rules are just fine. This stance has paid off as the firm, Prometheum, won a first-of-its-kind license for crypto-based securities and—despite being virtually unknown in the crypto world—landed a prestigious slot in 2023 to testify...

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...

Is Cardano (ADA) in Danger of Being Overvalued? Key Indicators Raise Concerns

According to historical data, Cardano (ADA) may be approaching overvalued territory. This comes after an impressive 180% price increase over the last 30 days. For some investors, the timing might seem premature, especially with the much-anticipated altcoin season just beginning. However, on-chain indicators suggest that ADA might face a correction before establishing new highs. Cardano Metrics Flash Bearish Signs One key metric suggesting that Cardano could soon be overvalued is...

Russian Lawmaker Proposes Bitcoin Reserve to Improve Financial Stability

Russian State Duma Deputy Anton Tkachev, a member of the New People party, has suggested creating a strategic Bitcoin reserve to strengthen the country’s financial stability.  According to local reports in Moscow, Tkachev has formally submitted this proposal to Finance Minister Anton Siluanov. Russia to Consider Plans for a Bitcoin Reserve? In the proposal, Tkachev highlights the limitations of traditional currency reserves, such as the dollar, euro, and yuan. He...

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...

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...

Latam Insights: Bolivian Crypto Market Overheats, Chile Belittles Bitcoin

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, the Bolivian cryptocurrency market keeps growing after the repeal of a blanket ban, the Central Bank of Chile rejects bitcoin, and Bolivian attorneys propose implementing USDT to invigorate the Bolivian economy. Bolivia Becomes a Hotbed After Lifting Crypto Blanket Ban Bolivia, one of the smallest economies...