In Brief An AI bot designed for trading has raised significant security concerns after it was found to be stealing cryptos. Despite attempts to remove the backdoor code, experts warn against downloading the bot due to its malicious intent. AI bots have become one of the most ways of trading cryptocurrencies due to the advancements…
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In Brief Meme coins have seen significant price surges following the Bitcoin halving event. Bitcoin shows modest gains post-halving, with expectations of long-term growth. Runes, a new Bitcoin token standard, sparks interest but has modest trading volumes. In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme…
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In Brief Pavel Durov outlined Telegram’s evolution beyond messaging, aiming to transform it into a crypto empire. Telegram plans to introduce features for buying assets and creating NFTs, with significant revenue shares. USDT will launch on the TON blockchain, integrating tightly with Telegram’s services for broader access. Pavel Durov, the founder of Telegram, spoke at…
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In Brief Bitcoin’s upcoming halving event, scheduled every four years, reduces mining rewards and is expected to intensify market competition. Involvement from institutional investors and countries like El Salvador indicates a growing acceptance of Bitcoin as a mainstream asset. The halving could prompt regulatory and technological advancements, strengthening Bitcoin’s position as a unique asset class.…
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In Brief Cardano’s Treasury has amassed 1.5 billion ADA tokens valued at approximately $720 million. Observers explained that the growing Treasury reserves reflects tightened network activity. ADA’s price is on the cusp of a notable break-out, market analysts note, citing historical data. Cardano’s Treasury has hoarded 1.5 billion ADA tokens, worth over $720 million, which…
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In Brief Hong Kong approves first spot Bitcoin ETF, boosting BTC to $66,000. China Asset Management partners with OSL Digital and BOC International. Spot Bitcoin exchange-traded fund aims to make Hong Kong a top crypto hub. In a pivotal development for the financial sector, the Hong Kong Securities and Futures Commission (SFC) has granted China Asset Management…
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In Brief $5.55 billion in crypto positions liquidated in April due to speculation around Bitcoin’s halving. Rossmarie Davila advises on strategic investment and managing volatility in the crypto market. Davila recommends careful investment strategies, particularly during periods of market volatility. In an extraordinary display of market volatility, the cryptocurrency market saw a staggering $5.55 billion in…
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In Brief XRP price is prone to losing the support of $0.50, which, in addition to bearish cues, will result in a drawdown. Institutional interest continues to fade in Ripple, with the altcoin noting the lowest inflows of all assets last week. Retail investors aren’t too bullish either, with the Funding Rate turning negative for…
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In Brief MATIC price witnessed a 31% correction in the last ten days, bringing the price below $0.70. About $650 million worth of MATIC is on the verge of profits, which will drive investors to HODL instead of selling. MVRV Ratio is well below the opportunity zone, suggesting selling is far from the investors’ preference.…
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In Brief Crypto advocate and US Senate candidate John Deaton has outstripped Senator Elizabeth Warren in fundraising. Deaton’s campaign has garnered support from prominent figures, including Ripple’s CEO Brad Garlinghouse. Warren’s intensified efforts to rally her donor base suggest acknowledgment of the threat Deaton possesses. Pro-crypto advocate and aspiring US Senate candidate John Deaton has…
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