Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation. A recent paper published by the European Central Bank on Oct. 12, 2024, claimed that older Bitcoin (BTC) holders profit at the expense of newer holders and argued that the scarce decentralized currency should be...Continue Reading
Quantum bits currently require temperatures between approximately -200 degrees Celsius to -270 degrees Celsius to operate properly. Researchers at Shangai University recently made headlines for purportedly breaking the RSA encryption algorithms used in banking, military, and cryptocurrency applications. However, popular YouTuber Mental Outlaw says the recent breakthrough in China lacks the power to impact current...Continue Reading
NexFundAI, a trap token by law enforcement, exposes bad actors, but falling for similar schemes led by scammers can lead to major losses NexFundAI, introduced by the US FBI in May 2024, is an Ethereum-based crypto token created as part of a covert sting operation, Operation Token Mirrors. The NexFundAI token was designed to act...Continue Reading
Concerns increased over Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court. A group of 18 state attorneys general have urged United States President Joe Biden to help free Binance executive Tigran Gambaryan from his Nigerian detention. The attorney generals have asked President Biden to designate Tigran Gambaryan as a...Continue Reading
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts. Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC). On Oct. 18, the US SEC approved applications from...Continue Reading
Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub. Three years before cryptocurrency became a talking point in the United States presidential election for the first time, a different crypto-focused race was brewing in New York City to determine who would replace outgoing Mayor...Continue Reading
Bitcoin bulls have more work to do for a major resistance flip while BTC price strength sees the highest daily close in over four months. Bitcoin (BTC) circled a key breakout level on Oct. 19 after a “FOMO liquidity grab” ended in rejection at $69,000. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro...Continue Reading
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols. The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols. Liquid staking creates more capital efficiency for...Continue Reading
A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that the sentiment is not “that bullish currently.” Bitcoin’s (BTC) price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader...Continue Reading
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments. The latest appeal by the United States regulator in its case against blockchain payments firm Ripple may further push market participants to adopt a more risk-off approach to XRP...Continue Reading
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