Felix Pinkston October 15, 2024 07:41 The Hong Kong Monetary Authority has issued a warning about fraudulent websites impersonating DBS Bank (Hong Kong), urging the public to be wary of online scams. The Hong Kong Monetary Authority (HKMA) has issued a public warning against fraudulent websites falsely claiming to be associated with DBS Bank (Hong Kong) Limited. This scam has been reported to the HKMA and highlights the growing problem of online banking fraud. Details of fraudulent activity According to the HKMA, the fraudulent website is part of a scheme to defraud customers by…
Author: Crypto Flexs
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Bitcoin (BTC) price has rebounded more than 25% from its September 6 low of around $52,546, and on-chain and technical indicators indicate that BTC continues to recover to new all-time highs. Bitcoin open interest has reached an all-time high.Bitcoin’s open interest (OI)-weighted perpetual futures funding ratio has hit a multi-month high, indicating that the current bullish situation may persist in the near term.According to data from CoinGlass, the current Bitcoin OI-weighted funding ratio is 0.0136%, a level last seen on June 7, when Bitcoin briefly hit $71,950. Positive funding ratios generally indicate bullish market sentiment, but should be interpreted with…
Key Takeaways Singularity Finance aims to enhance DeFi applications by tokenizing AI assets. The merger includes token conversion of SDAO, CGV and KEY to SFI. Share this article Three blockchain projects – SingularityDAO, Cogito Finance, and SelfKey – have joined forces to launch Singularity Finance, a new EVM layer 2 platform designed to tokenize real-world assets in the AI economy. https://t.co/T4yv5XsNAN — SingularityDAO (@SingularityDAO) October 15, 2024SingularityDAO said in a press release Tuesday that as part of the federation, each of the project’s tokens, including SDAO, CGV, and KEY, will be merged into a single unified token called “SFI.”The conversion…
According to cryptocurrency tracker Lookonchain, whales have been gobbling up Ethereum (ETH), the native token of decentralized exchange (DEX) Uniswap (UNI), and a handful of other decentralized finance (DeFi) tokens. Lookonchain pointed out that an unknown whale wallet withdrew 299,133 UNI worth $2.39 million from cryptocurrency exchange Gate.io over the weekend. The same whale also recently accumulated other DeFi altcoins, withdrawing 19,373 Aave (AAVE) worth $2.95 million and 596 Maker (MKR) worth $805,000 from Binance between August 13 and September 12. Lookonchain also noted that a whale wallet associated with investment firm Longling Capital purchased 5,000 ETH worth $12.34 million…
Bitcoin BTC +1.61% The stock is showing upward momentum that could push it up to its pre-election price of $73,800, according to Geoff Kendrick of Standard Chartered.This potential price rise is being fueled by a combination of factors, including a steepening U.S. Treasury yield curve, renewed market interest in physical Bitcoin exchange-traded funds, and the rising odds of Donald Trump winning the upcoming U.S. presidential election. Kendrick added.“For Bitcoin, this combination of factors is likely to push it towards a pre-election all-time high of $73,800,” Standard Chartered’s global head of digital asset research said in a note on Tuesday.Kendrick observed…
World Liberty Financial, a DeFi project backed by the Trump family, has secured over 100,000 accredited US investors for its WLFI token pre-sale whitelist scheduled for October 15th.The project is expected to raise $300 million in funding and has an estimated value of $1.5 billion. This launch comes just a few weeks ahead of the US presidential election, in which former President Donald Trump is running as the Republican candidate.WLFI token pre-saleIn an X Spaces discussion on October 14, co-founders Zachary Folkman and Chase Herro outlined the platform’s core services and highlighted the platform’s long-term goal of making DeFi more…
Rendering large transactions surged 527%, indicating increased whale activity. Despite the bullish momentum, only 46% of RNDR holders are currently making a profit. RENDER is receiving a lot of attention with a surge in large transactions over the past 24 hours. Considering the altcoin’s recent price action and support from several major on-chain indicators, the biggest question is whether the token is ready to break the triangle consolidation and further advance its bullish rally. Rising prices signal render optimism Render has been trending steadily upward over the past few days, raising hopes of a breakout beyond the extended consolidation pattern.…
Caroline Bishop October 15, 2024 08:01 Binance announced the introduction of SUI/BRL and TURBO/TRY trading pairs along with a trading bot service that will enhance user experience on the platform. Binance expands trading optionsIn a recent announcement, leading cryptocurrency exchange Binance revealed its plans to introduce new trading pairs and trading bot services to its platform. According to Binance, this development is part of Binance’s ongoing efforts to improve trading options for users.new trading pairStarting October 16, 2024, Binance will open trading for the SUI/BRL and TURBO/TRY pairs at 08:00 UTC. These additions are…
Bitcoin is technically expected to hit $233,000, which could happen as early as the first quarter of 2025.In a new BTC price prediction, X analytics account Bitcoindata21 used the Relative Strength Index (RSI) to predict six figures for BTC/USD.BTC Price Analysis: RSI peaks above $233,000. Bitcoin (BTC) price action is currently consolidating around $65,000, but there is potential for a revolution in the market in the coming months.Applying the standard deviation to the monthly RSI, Bitcoindata21 suggests that the peak of the current bull market could be around $250,000.This can be done by referencing the historical highs of the monthly…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has recorded a daily 6% surge since the third week of October. BTC’s performance has sparked optimism among cryptocurrency investors and market observers, who suggest that BTC is ready for a move to $70,000. Bitcoin Recovers Key Support Level Bitcoin started the week by recovering a key resistance level after a 6% surge in price on Sunday. This performance saw BTC retesting the $62,000 support zone on Monday morning. Following recent performance, Bitcoin’s October returns have been in the green so far with a monthly return of 3.17%, according to Coinglass data.…