Author: NBTC
The cryptocurrency market saw several tokens post impressive gains on October 19, with some experiencing double-digit increases. Leading the charge was LUMIA ($LUMIA), which surged by an outstanding 42.9%. According to Phoenix, a well-known crypto media outlet, the rise signals growing interest in the project. It seems to have a lot of potential which is why investors seem to be ok with its fast rising price. DAILY GAINERS$LUMIA +42.9% $MATH +21.0% $SLP +18.7% $HEART +16.4% $BNX +14.6% $YGG +13.9% $WLD +12.4% $AXS +11.8% $TAI +11.6% $XRD +11.6%#dailygainers pic.twitter.com/Y36jgIbI5S — PHOENIX – Crypto News & Analytics (@pnxgrp) October 19, 2024 MATH…
Ethereum Foundation (EF), a major non-profit organization dedicated to the long-term development of the Ethereum network, has continued with its Eth selling strategy. As a major grant source on the Ethereum network, the EF often engages in Ether selling for stablecoins to pay employees and services approved by the core team. According to on-chain data, an Ether address associated with the Ethereum Foundation deposited 100 ETH into Cow Protocol and swapped for Dai (DAI) stablecoins earlier today. Notably, the EF received the funds from an Ethereum address named Gnosis Safe Proxy with a balance of over $10 million, mostly consisting…
NEM, Beam, Reef, and Sun are overbought, raising concerns about potential price corrections. Beam and Reef’s recent surges have outpaced their utility, suggesting market overextension. Gains Network and Sun have seen stellar growth but face resistance due to overbought conditions. Some bitcoins in the year 2024 have hit the overbought zone which therefore increases investors’ greed for a reversal. Some of the digital assets are as follows they have NEM (XEM), Beam (BEAM), Reef (REEF), Gains Network (GNS) and Sun (SUN). And to our surprise, those coins have skyrocketed in price primarily due to people’s emotions and hysteria. NEM (XEM):…
Altcoin traders are making huge profits with $GOAT recently. One trader has recently stood out for his impressive gains from altcoins. He first invested $30K to buy 11 million $GOAT when its market cap was just $2 million. He sold 3 million $GOAT for $279K, leaving 8 million $GOAT worth $3.2 million, according to Lookonchain. Here is the smartest trader I have seen recently!Caught $GOAT at $2M Mkt Cap, with a profit of $3.45M(117x).Caught $GNON at $80K Mkt Cap, with a profit of $3.02M(855x)!He spent $30K to buy 11M $GOAT and sold 3M $GOAT for $279K, leaving 8M $GOAT($3.2M).Then spent…
During a recent meeting of the Financial Stability Oversight Council (FSOC), Treasury Secretary Janet Yellen said that the US financial system is exposed to cryptocurrency-related risks. The FSOC is urging lawmakers to pass comprehensive legislation for cryptocurrencies in order to mitigate these risks. As reported by U.Today, the prominent American economist called for urgent crypto regulation earlier this year. Back then, she specifically singled out dollar-backed stablecoins, arguing that certain entities should be prevented from issuing such products. Following the collapse of the Terra ecosystem in May 2022, Yellen said that the de-pegging of UST illustrated the risks that stablecoins…
Bitcoin saw a notable increase of 3% today, reaching a price of $62,400. This upward momentum coincides with the S&P 500 reaching an all-time high of 5,819, currently trading at 5,809. Bitcoin’s rally comes at a time when traditional assets are seeing significant gains, with the S&P 500 achieving its strongest year-to-date performance in 24 years, up over 22%. In a recent post on X, The Kobeissi Letter described the current stock market run as “the most resilient market in history.” Over the past year, the S&P 500 has gained an impressive $13 trillion in market capitalization. If this momentum…
Coinbase declared vindication on Friday, claiming that newly disclosed correspondences between the Federal Deposit Insurance Corporation (FDIC) and member banks help prove that the U.S. government has been secretly waging a war on crypto for years. But what exactly do the documents reveal? Coinbase has long pushed for the FDIC to disclose how it has communicated with American banks about crypto. On Friday, the company—and the public—got some answer to that question, with the FDIC publishing 23 letters it sent to member banks about crypto in 2022, in compliance with a request filed by Coinbase under the Freedom of Information…
Bitcoin (BTC) saw some relevant volatility since early September and most recently following a predicted volatile roadmap by Ali Martinez. If Bitcoin continues to follow his analysis, the leading cryptocurrency could soon reach a new all-time high of $78,000. The analyst shared what he described as “the best way to mess with everyone’s dreams,” bringing in a chaotic scenario. According to a recent post by Martinez, Bitcoin has already accomplished three out of the four steps, eyeing the breakout. “I think the best way to mess with everyone’s dreams would be for Bitcoin to drop to $60,000, rebound to $66,000,…
In November, the SEC published just one crypto-related litigation release, alleging a $115 million securities fraud scheme against Eng Taing and his company, Touzi Capital, LLC. According to the Complaint, Taing promised investors the chance to fund cutting-edge crypto mining operations and debt rehabilitation businesses, portraying these investments as stable and highly profitable. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. SEC Targets $115M Crypto Fraud Scheme: Touzi Capital Faces Allegations of Mismanagement and Misappropriation What investors believed were opportunities for reliable growth, however, turned out to be risky, mismanaged ventures teetering on collapse.…
As the S&P 500 rose to a record high Friday, a bull market in U.S. equities was set to mark its two-year anniversary. Though enthusiasm has been muddled in the crypto market for months, the window also shines a light on just how much Bitcoin has gained during that span. As highlighted in Opening Bell Daily, a financial newsletter, the S&P 500 has climbed more than 60% to around 5,800 points since a bear market in equities petered out two years ago. Over the same period of time, however, Bitcoin’s price has risen around 220%, up from approximately $20,000 to…