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The Rise of Crypto Scams: A Growing Threat to Investors
The Commodity Futures Trading Commission (CFTC) has recently announced a collaborative effort with federal and private organizations to address the increasing prevalence of crypto scams, specifically the rise of “pig butchering” schemes. These scams have resulted in staggering losses totaling billions of dollars, largely due to a lack of awareness and understanding among consumers. The…
The Current State of Bitcoin: Analyzing Market Trends
Over the past few weeks, bitcoin has faced a market correction of approximately 11%, leading to increased volatility in its price movements. Despite a brief rebound to $58,000, the cryptocurrency still has a considerable distance to cover before reaching its all-time high levels. Data from the blockchain market intelligence firm Santiment has shown that wallets…
The Success of Tokocrypto in Indonesia’s Crypto Market
Tokocrypto, a subsidiary of Binance, recently made headlines by securing a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This achievement solidifies Tokocrypto’s position as the third exchange in Indonesia to receive such a license, amidst stiff competition in the market. With 35 prospective crypto exchanges registered with Bappebti,…
Cardano Faces Major Downside as Federal Reserve Considers Rate Cut
With the Federal Reserve hinting at another rate cut in the near future, the cryptocurrency market, including Cardano, is bracing for potential downside. Looking back at May 2019, when the Federal Reserve initiated its first rate cut, Cardano faced a sharp decline of 57%. This drop was followed by a prolonged downtrend until early 2020,…
The Launch of Rocky Rabbit’s Airdrop and Token on The Open Network (TON)
Rocky Rabbit’s much-anticipated Telegram game is set to have its airdrop on September 23, 2024, on The Open Network (TON). This airdrop is a significant milestone in the game’s development as it rewards early adopters and players who have actively engaged with the game’s mechanics and referral system. Players who participate in the airdrop will…
The Unfortunate Situation of Binance Executive Tigran Gambaryan in Nigeria
A Nigerian court has decided to postpone the decision on the bail application for Tigran Gambaryan, a detained Binance executive, until October 9. The ruling was issued by Judge Emeka Nwite on September 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. Gambaryan’s…
Warning About Phishing Scam Targeting Gemini Users
Phishing scams in the cryptocurrency industry have been on the rise, with scammers using various tactics to trick users into transferring their funds to malicious actors. Jameson Lopp, co-founder of CasaHODL, recently warned about a new phishing scam targeting Gemini users. The scam involves a fake data breach notice that falsely claims Gemini is partnering…
The Impending Rate Cut and Potential Bullish Reversal for Ethereum
Recently, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current cycle, highlighting similarities to previous cycles in 2019 but on a larger scale. He mentioned that the structure of ETH/BTC bottomed after an interest rate cut in 2019 and predicted a similar pattern with an impending rate cut…
Crypto Trading Services Launched by Zurich Cantonal Bank in Europe
Recently, Zurich Cantonal Bank, one of the leading Swiss banks, made a significant move by introducing Bitcoin (BTC) and Ethereum (ETH) trading services in Europe on September 4, 2024. This marks a major milestone for the financial institution, allowing its customers to engage in 24/7 cryptocurrency trading and custody via its digital platforms like ZKB…
Impact of US Presidential Elections on Bitcoin Price Prediction for 2030
The upcoming US presidential elections have sparked a considerable amount of interest and speculation within the cryptocurrency community. Analysts and experts are closely monitoring the possible outcomes of the elections, particularly in relation to the future price of Bitcoin. Thomas, a respected crypto analyst, recently shared his Bitcoin price prediction for 2030, incorporating the potential…
Understanding the Risks and Rewards of Pre-Market Trading in Gaming Tokens
Investors and gamers alike are increasingly turning to pre-market trading as a means of gaining early access to highly sought-after game tokens in the gaming industry. Platforms like Telegram have popularized games such as Hamster Kombat, Catizen, WatBird, and X Empire, offering traders the opportunity to secure tokens before they are released to the public.…
The Debate Over NFTs: Consumer Goods or Securities?
The Digital Chamber (TDC) has recently made a bold call to Congress, urging the passage of legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than securities. This move comes in response to the Securities and Exchange Commission’s (SEC) increased scrutiny of NFT platforms, including a Wells notice issued to OpenSea, a…
The Impact of the US Presidential Elections on Bitcoin Price Predictions
Bitcoin price predictions have been a hot topic lately, with experts and analysts sharing their views on whether the cryptocurrency will see a new all-time high after the recent crash. While some remain bearish, there are still those who believe that bullish times are ahead for Bitcoin. One group of analysts from Bernstein falls into…
The Growth and Development of the Cardano Ecosystem
The Cardano (ADA) ecosystem has seen significant growth in various key metrics, particularly following the anticipated Chang upgrade that was successfully implemented on September 1. Despite a bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. In a recent social media post, the Foundation highlighted the performance of…
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