Terrill Dickey November 15, 2024 13:08 The Hong Kong Monetary Authority reported that credit card receivables decreased by 0.6% in the third quarter of 2024, while delinquency and rebooking rates increased to 0.40%. The Hong Kong Monetary Authority (HKMA) released the results of its credit card lending survey for the third quarter of 2024, showing a slight decline in total card receivables. According to the report, credit card receivables decreased by 0.6% during this period, reaching HK$150.3 billion by the end of September 2024. This follows a slight decline of 0.2% compared to the…
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XRP (XRP) is up 17% in the last 24 hours, outperforming the rest of the cryptocurrency market as its rally cools. XRP rose as much as 24% from a low of $0.6833 on November 14 to hit a 16-month high of $0.8479, according to data from Cointelegraph Markets Pro and TradingView. In comparison, the overall cryptocurrency market capitalization fell, recording a daily loss of 2.8%, or $2.91, at the time of the announcement. During the same period, Bitcoin (BTC) fell 4%, and Ethereum (ETH) fell 6%. XRP/USD daily chart. source: TradingViewWhat are the factors behind XRP’s recent bullish momentum?Changes in…
A cryptocurrency analyst has updated his outlook for Bitcoin (BTC), saying the Ethereum (ETH)-based altcoin is poised for a surge. In a new strategy session, cryptocurrency trader Michaël van de Poppe told his 732,000 followers on social media platform . “CPOOL is doing a great job integrating and preparing for large-scale transformation. I think RWA (real assets) will be a big pillar of this market, and with that I assume we will see upward momentum after a test of $0.22-0.23.” Source: Michaël van de Poppe/X CPOOL is trading at $0.223 at the time of writing, down slightly over the last…
Episode 68 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Ryan Watkins, co-founders of Syncracy Capital.Listen below and subscribe to The Scoop on YouTube. apologize, Spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Syncracy Capital co-founder Ryan Watkins sheds light on Ethereum, Solana, and looks for the next “generational winner” in the cryptocurrency market.outline 00:00 introduction 01:47 Watkins’ Cryptocurrency Journey 05:22 Syncrash’s Liquid Strategy 06:51 Cryptocurrency Market Analysis 08:52 Ethereum’s poor performance 13:14 long term only 15:34 Winner Selection 20:38 SOL…
NFTs and Crypto Punks are making a stealthy comeback and are in the spotlight again. It once disappeared after the cryptocurrency craze of 2021, but now it’s poised for a resurgence thanks to celebrity shoutouts and clever allies. (Cryptopunk) Cryptocurrency punks revived with Trump’s NFT collection President-elect Donald Trump’s recent foray into the digital asset space is a notable spark for the NFT resurgence. The self-proclaimed “first cryptocurrency president” has not only embraced NFTs, but launched a collection that has garnered quite a bit of attention. Among these are NFTs featuring him. The 2023 arrest mugshot interestingly includes perks like…
The Litecoin consolidation zone breakout highlights the potential for a larger rally in the second half of November. Litecoin hash rate has reached a new ATH and open interest shows increased activity in the derivatives sector. It’s been a very interesting week for the markets with several ATHs and Litecoin (LTC) not far behind. The cryptocurrency has broken the pattern with an overall upward trend over the past 10 days. Litecoin has been consolidating in a rising pattern, supported by support and resistance. This week it broke resistance several times. This indicates that momentum may be building for a bullish…
when people talk Bitcoin As a store of value assets, they are talking about examples such as: On Thursday, a whale moved 2,000 bitcoins worth $179 million without touching its storage unit for 14 years. Whale, a cryptocurrency investor with significant holdings, received the coins in 2010 when they were worth $0.06 each, according to blockchain data. At the time, they had a total of $120 worth of orange coins. The whale moved its “digital gold” to US cryptocurrency exchange Coinbase late Thursday after seeing its holdings increase by almost 150 million%. Journalist Pete Rizzo first flagged the move on…
lawrence jenga November 15, 2024 13:47 BitMEX will list XBTU25, a new XBT futures contract margined in Bitcoin, on November 18, 2024, offering up to 100x leverage. The contract expires on September 26, 2025. BitMEX, a leading cryptocurrency derivatives exchange, announced the listing of a new XBT futures contract, XBTU25. This contract, underlined and margined in Bitcoin (BTC), is scheduled to become available for trading on November 18, 2024 at 04:00 UTC. According to BitMEX, the contract will remain in effect until expiration on September 26, 2025. contract specifications The XBTU25 futures contract is…
Bitcoin (BTC) was trading down 0.5% over the last 24 hours at $89,077, 4.5% below its all-time high of $93,434. Despite this decline, optimism about the cryptocurrency-friendly Trump administration, increased stablecoin inflows to exchanges, steady inflows into spot Bitcoin exchange-traded funds (ETFs), and several on-chain indicators suggest that the bull market is not over yet. suggests. High Stablecoin Inflows Fueling Bitcoin RallyBitcoin’s 17% rise over the past seven days was driven by stablecoins flowing into cryptocurrency exchanges, according to data from market intelligence firm CryptoQuant.“Stablecoins entering spot exchanges serve as fuel for the market,” anonymous CryptoQuant analyst theKriptolik said in…
A 2022 class action lawsuit filed against Elon Musk and Tesla alleging that the businessman manipulated the price of Dogecoin (DOGE) through media appearances and social media posts was withdrawn by the plaintiffs on November 14, 2024.According to legal filings, the plaintiffs agreed to withdraw their appeal from the 2nd Circuit Court of Appeals and not seek post-judgment relief from Musk and the automaker.The investors’ lawyers also waived their right to appeal the case in U.S. courts, and both sides agreed to withdraw the other’s application for sanctions in the case.The motion to withdraw the class action must be approved…