Bitcoin (BTC) is about to end the week above $62,500, well above its intraweek low of $60,000. This means buying at low levels. October, typically the strongest month of the year, is off to a slow start, but analysts expect things to improve going forward.One positive note for the cryptocurrency market is that CME Group’s FedWatch tool estimates the odds of the Federal Reserve cutting interest rates by 25 basis points at its November 7 meeting at 97%. There are expectations that interest rate cuts will strengthen risk sentiment.Daily view of cryptocurrency market data. source: Coin360Another possible trigger for a…
Author: Crypto Flexs
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The SEC’s surprising appeal shook up the recent surge in the cryptocurrency market. Retailers suffered double-digit losses. Even cryptocurrency giants have not escaped the recession. The cryptocurrency market suffered another shock as regulatory pressure from the SEC halted recent positive momentum, weighing heavily on investor sentiment. In a significant development, the SEC has decided to appeal its recent ruling in favor of Ripple, casting a shadow over the markets and causing widespread losses for the leading cryptocurrency. Ripple’s native token, XRP, took the biggest hit, plummeting 15.9% as investors reacted to the uncertainty surrounding the lawsuit. The token’s sharp decline…
Ted Hisokawa October 6, 2024 13:07 VeChain introduces VePassport to combat Sybil farming and outlines future developments for VeBetterDAO, including GM NFT upgrades and node approvals. VeChain, a leader in enterprise blockchain solutions, announced a significant update to its VeBetterDAO ecosystem with the introduction of VePassport. According to VeChain official, this new feature aims to solve Sybil farming issues and improve the platform’s governance mechanism. Launch of VePassport VePassport, scheduled to launch on October 18, will introduce minimum eligibility criteria for users to receive weekly governance voting rewards. The plan is designed to restore…
The price of Len Sassaman has surged 650% in the last 24 hours, trading at $0.00000000002898 as of 6:15 PM ET on volume of $3.58 million. The price increase follows speculation by Polymarket that the late cryptographer and privacy advocate Ren Sassaman may be named as Bitcoin creator Satoshi Nakamoto in an HBO documentary scheduled to air this week. Filmmaker Cullen Hoback, known for the critically acclaimed ‘Q: Into the Storm’, recently released a documentary titled ‘Money Electric: Bitcoin that aims to uncover Nakamoto’s identity. ‘Money Electric: The Bitcoin Mystery’ was released. Hoback didn’t name any specifics, but Polymarket bettors…
Bitcoin (BTC) is about to end the week above $62,500, well above its intraweek low of $60,000. This means buying at low levels. October, typically the strongest month of the year, is off to a slow start, but analysts expect things to improve going forward.One positive note for the cryptocurrency market is that CME Group’s FedWatch tool estimates the odds of the Federal Reserve cutting interest rates by 25 basis points at its November 7 meeting at 97%. There are expectations that interest rate cuts will strengthen risk sentiment.Daily view of cryptocurrency market data. source: Coin360Another possible trigger for a…
Chainlink is quite a buzzword in the cryptocurrency space. Renowned expert Michael Van De Poppe described it as “the opportunity of a lifetime.” Cryptocurrencies boast the ability to provide decentralized data transfer. This suggests that a rising price pattern may now be forming. #Chainlink It is still firmly above the important resistance line, which is turning into support. I think anything between $9-11 would be an interesting purchase. I’ve mentioned it a few times, but it still remains a once-in-a-lifetime opportunity. pic.twitter.com/3vCTTiYsAe — Michael van de Poppe (@CryptoMichNL) October 4, 2024 As Santiment’s recent analysis shows, Chainlink is gaining momentum…
Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reported that the San Francisco-based company used PayPalUSD (PYUSD) to pay a bill to Big Four accounting firm Ernst & Young on September 23. PayPal settled the undisclosed amount using SAP Digital Currency Hub, a platform that allows users to make and receive payments in cryptocurrencies and stablecoins without intermediaries. Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, cryptocurrency and digital currencies, said the payment demonstrates a new use case for the stablecoin, which now has a market capitalization…
As the U.S. government seeks to seize approximately $2.67 million worth of cryptocurrency stolen in two major hacks, two recent forfeiture lawsuits filed by the U.S. Attorney for the District of Columbia shed new light on how North Korean cryptocurrency hackers launder funds. Details have been revealed. The forfeiture complaint, first filed on Friday, alleges that the North Korea-linked Lazarus Group’s $28 million hack of cryptocurrency options exchange Deribit in November 2022 resulted in the receipt of approximately $1.70 worth of Tether (USDT) tracked through the Tornado Cash Mixer. ) and aims to recover about $15.50 worth of avalanches. A…
FTX token, POPCAT, and Wormhole emerged as the biggest winners of the week. In contrast, Notcoin, Ethena and Lido DAO topped the losers’ charts. Market volatility intensified this week as Bitcoin (BTC) declined. Nonetheless, some altcoins have broken from this trend and recorded notable gains. Data from CoinMarketCap highlighted the overall downward trend, with less than 10% of the top 100 cryptocurrencies ending in green dominating the market. biggest winner FTX Token (FTT) FTX token (FTT) is back in the spotlight two years after its collapse, starting the week with a strong gain of over 57%. The cryptocurrency opened the…
Timothy Morano October 6, 2024 15:10 Wormhole’s Portal V2 upgrade improves user experience with new transfer paths, faster transactions, and improved UI to facilitate seamless cross-chain asset transfers. Wormhole, a prominent blockchain interoperability protocol, has announced a major upgrade to its portal application as part of its broader Era3 upgrade. The Portal V2 upgrade focuses on improving user experience by introducing new transfer paths, including intent-based transfers and native-to-native swaps, significantly improving transaction speeds and user interface. Key features of Portal V2 upgrade The Portal V2 upgrade introduces several new features aimed at optimizing…