Celebrities who have brazenly shilled their own memecoins on X in recent months run a high risk of attracting the attention of the SEC and class action lawyers. Source: https://cointelegraph.com/news/celebrity-crypto-tokens-absolutely-catch-sec-attention-say-lawyers
Month: July 2024
Bitcoin Dips Below $55,000 as ‘Significant’ Selling Expected in Months Ahead
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin fell 6% to $54,600 on weekend trading despite clawing back losses from the end of last week. The world’s largest crypto by market capitalization fell…
Unveiling Moving Averages: Essential Tools for Bitcoin Trading
Just like oscillators, moving averages (MAs) are indispensable tools in technical analysis, providing traders with insights into price trends and potential market reversals. In this learning and insights article, we’ll delve into the history, types, and application of moving averages leveraged in bitcoin trading, highlighting their significance and utility in the crypto market. The History […] Source: https://news.bitcoin.com/unveiling-moving-averages-essential-tools-for-bitcoin-trading/
Karma served: Pink Drainer gets hit with address poisoning scam
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack. Source: https://cointelegraph.com/news/pink-drainer-hit-with-address-poisoning-scam
Bitcoin miner TeraWulf is open to merger but not for ‘empire building’
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed. Source: https://cointelegraph.com/news/bitcoin-miner-terawulf-open-to-merger-not-empire-building
South Korea Launches Continuous Monitoring for Crypto Transactions
South Korea’s Financial Supervisory Service (FSS) will introduce a continuous monitoring system on July 19 to track suspicious cryptocurrency transactions. Developed with local digital asset exchanges, this system aligns with the country’s Virtual Asset User Protection Act, which aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, […] Source: https://news.bitcoin.com/south-korea-launches-continuous-monitoring-for-crypto-transactions/
Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan
Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […] Source: https://news.bitcoin.com/putin-on-dedollarization-80-of-russia-china-trade-in-rubles-and-yuan/
Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions. Jack Dorsey Anticipates […] Source: https://news.bitcoin.com/jack-dorsey-envisions-bitcoin-replacing-us-dollar-foresees-btc-reaching-1-million/
Economist Jim Rickards Discusses US Dollar Decline and Potential $27,000 Gold
Economist Jim Rickards has shared insights on the U.S. dollar’s decline, driven by sanctions and mounting debt, and the potential rise in gold’s value as nations seek alternatives like the BRICS currency. He warns that internal mismanagement is the greatest threat to the dollar’s stability, stating to the U.S. government: “You’re taking confidence for granted. […] Source: https://news.bitcoin.com/economist-jim-rickards-discusses-us-dollar-decline-and-potential-27000-gold/
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil. Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping […] Source: https://news.bitcoin.com/latam-insights-paraguay-raises-bitcoin-mining-power-fees-bolivia-praises-stablecoins-as-dollar-proxy/