Author: CryptoHoppers
Share this article Bitcoin (BTC) has suffered pressure from a downtrend in June so far, according to the trader identified as Rekt Capital. A breakout from this trend, however, could spark a price reversal and put BTC back in its upward movement. #BTC Bitcoin has been in a constant downtrend all of June thus far (light blue) But break this downtrend line and BTC will initiate a price reversal$BTC #Crypto #Bitcoin pic.twitter.com/SgkVRoMsfA — Rekt Capital (@rektcapital) June 18, 2024Notably, the price reversal wouldn’t be the start of a parabolic upward movement, but a local reversal. This means that Bitcoin would…
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […] Source link
Binance Chief Executive Officer (CEO), Richard Teng has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. Despite BTC’s recent downward trend, Teng foresees the cryptocurrency hitting $80,000 in this market cycle, citing the influence of Spot Bitcoin ETFs and Spot Ethereum ETFs as potential drivers. Bitcoin Predicted To Hit $80,000 In 2024 In a recent interview on the YouTube channel, Bankless, Teng shared his 2024 prediction for Bitcoin, foreseeing major gains ahead for the pioneer cryptocurrency. The Binance CEO disclosed that in 2023, he had initially predicted BTC would hit an all-time high of $80,000. However, with the…
In 2023, Ternoa released a decentralized privacy stack as a Polkadot SDK L1 chain. Now, the company is launching zkEVM+, an Ethereum L2 developed using Polygon CDK that focuses on security and privacy. Polycon CDK has been instrumental in the development of Ternoa’s zkEVM+, an L2 on Ethereum that is focused on safety and privacy. This follows the introduction of a decentralized privacy stack, which is accessible through a Polkadot SDK L1 chain. As a comprehensive EVM-like framework, zkEVM+ introduces censorship reluctance through integrity proofs and conventional privacy aspects to the Ethereum ecosystem, fostering a connection between users and developers.…
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The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. […] Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Eddie Seal memecoin team stirs X with $350 for Eddie Seal tattoo; $500 if on the head. On Sunday, June 16, X, formerly known as Twitter, buzzed with news from the Eddie Seal memecoin team. They announced a contest inviting people to get an Eddie Seal tattoo. Known for their quirky and often controversial ideas, the team is offering $350 to anyone who gets an Eddie tattoo. If someone gets the tattoo on their head, they’ll receive $500. The…
MetalCore’s Barony Guild System is a new way for players to form factions, share resources, and conquer in large-scale PvP battles. The post MetalCore launches Barony guild system to enhance PvP experience appeared first on Crypto Briefing. Source link
Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the […] Source link
This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown Blockchains by NFT sales volume | Source: CryptoSlam The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of active buyers on Ethereum’s NFT space, with the number going…