Bitcoin, which hit a recent low of $52,500 last Friday, has rebounded above $57,000, and the price volatility has led to a wave of short-term liquidations. In the past 24 hours alone, $45 million worth of Bitcoin positions were liquidated, with short positions accounting for the majority at $36 million. The broader cryptocurrency market experienced more than $126 million in liquidations over the same period. According to Coinglass data, the majority of these cryptocurrency liquidations combined (around $93 million) were short positions. Following today’s Bitcoin price rally, BRN analyst Valentin Fournier told The Block that if the digital asset were…
Author: Crypto Flexs
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As of the time of writing, Helium’s record data revenue and increased token burn were driving the bullish momentum. Technical and on-chain indicators suggested room for further growth, but resistance appeared close at hand. Helium (HNT)At press time, the price was $8.16, up 0.2% over the last 24 hours due to strong data revenue and increased token burn. The increasing use of mobile and IoT services on the Helium Network has had a significant impact on token supply and price trends. This analysis uses technical and on-chain data to determine whether the current uptrend is likely to continue. What drives…
Judge Allows Some Negligence Claims in Coinbase Shareholder Lawsuit to Proceed The plaintiffs alleged that Coinbase misrepresented regulatory risks, and some of the claims were dismissed. Coinbase remains confident and committed to defending itself against the remaining claims. In a significant legal development, U.S. District Judge Brian Martinotti has approved part of Coinbase’s motion to dismiss a class action lawsuit brought by shareholders. The lawsuit, which dates back to 2022, alleges that Coinbase misled investors about potential risks posed by regulatory action by the U.S. Securities and Exchange Commission (SEC). Coinbase Accused of Making False and Misleading Statements The plaintiffs…
Peter Zhang September 9, 2024 09:30 Learn how Bitcoin is evolving in DeFi with Layer 2 solutions on the BNB chain, Taproot, and BTCB. Bitcoin, long considered a pioneer of digital assets, is evolving beyond its original identity as a store of value. According to the BNB Chain Blog, Bitcoin’s core proposition of decentralization, security, and stability remains intact, but it is now beginning to solidify its position in decentralized finance (DeFi). This new direction promises to unleash Bitcoin’s potential and make it more productive and useful for investors, developers, and institutions alike. The…
Japanese investment firm Metaplanet Inc. is maintaining its bullish outlook for the world’s largest cryptocurrency, announcing today that it has purchased an additional 38,464 bitcoins worth about 300 million yen ($2 million).Tokyo listed company disclosed name The recent purchase brings his total Bitcoin holdings to 398,832 bitcoins, or about 3.75 billion yen ($26 million).Bitcoin Bitcoin +3.48% After crashing to a low of around $52,700 earlier this week, it is up 3.12% over the last 24 hours to trade at $56,732 at the time of writing. Price page of the block.According to Yahoo Finance, Metaplanet shares rose 4.42% in Japan on…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. According to our Cardano price prediction, ADA is likely to cross above its 21-day moving average, which is expected to lead to an uptrend of 3.37%. Cardano Forecast Statistics Data: Cardano Current Price – $0.33 Cardano Market Cap – $12.3 Billion Cardano Circulating Supply – 35.9 Billion Cardano Total Supply – 37.1 billion Cardano CoinMarketCap Ranking – #11 It is often recommended to get involved in cryptocurrency projects as early as possible, and Cardano (ADA) is a prime example of why timing can…
Decentralized finance (DeFi) network Kujira and several major ecosystem projects have agreed to merge into a single entity called the “Rujira Alliance” to build a new application layer for the cross-chain liquidity protocol THORChain.The new application layer will not simply be “another small project,” but a new DeFi “behemoth” that could one day compete with Solana, THORChain founder John-Paul Thorbjornsen (known as “JP THOR”) argued in a September 10 X post. source: John-Paul Torbjornsen Thorbjornsen told Cointelegraph that the new project will feature “integrated finance” and that he will become the project lead in the near future, allowing the Kujira…
Rebecca Moen September 9, 2024 10:28 Binance is launching a fee-free SEPA bank transfer option for EUR deposits to receive EURI, improving user experience and complying with MiCA regulations. In a recent announcement, Binance announced that it has introduced a fee-free SEPA bank transfer option that allows users to deposit EUR and receive EURI, the EURO stablecoin. According to Binance, the new feature will be available from September 5, 2024, to October 5, 2024.Introduction to Eurite(EURI)Eurite (EURI) is one of the pioneer EURO stablecoins regulated under the Cryptocurrency Market Regulation (MiCA) within the European…
The Texas Securities and Exchange Commission (TSSB) announced on Monday that it has reached an agreement with GS Partners, a company that offered a variety of cryptocurrency investments, to return 100% of the funds invested by investors in five U.S. states.The TSSB said in a statement that after a multi-jurisdictional investigation, Texas, Alabama, Arizona, Arkansas and Georgia reached settlements with GS Partners owner Yosip Hite and his companies. This means that GS Partners will repay investors’ money in full and there will be no monetary penalties in exchange for dismissing all civil lawsuits and investigations against the company. GS and…
Coinbase-based Layer 2 Base chain hosts social network Friend.Tech. The developers’ move toward decentralization was not well received by the FRIEND community. Machi Big Brother, aka ApeCoin Whale, Spent $16.7 Million and Has Less Than $1 Million Left Friend.Tech, a popular Web3 social networking platform, recently decided to abandon smart contracts and make their network completely decentralized. By moving the contract to a null address on Ethereum (ETH), the developers completely gave up their administrative powers.Decentralization movement takes a dark turnThis has caused considerable anxiety among platform users. While this move ensures that nothing on the platform will change, it…