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summary CryptoInsightUK, an analyst, pointed out that an engulfing candle at a crucial support level has been validated for XRP. The analyst highlighted similarities between this pattern and a previous one that resulted in a 50% surge. They suggest that Bitcoin’s rise above $50K could ignite a resurgence in XRP. CryptoInsightUK, a market analyst, has…
During a recent conference in the Bahamas, Fed member Christopher Waller delivered notable remarks. However, he refrained from discussing the economy or monetary policy in his prepared comments. Waller indicated that the US dollar would maintain its position as the world’s reserve currency. He asserted that recent developments have reinforced this position. This stance arises…
Influencer KSI faced allegations of endorsing questionable cryptocurrency projects, subsequently selling off the tokens to his followers. summary KSI’s endorsement of XCAD and ERN tokens sparked market interest, but he swiftly sold $850,000 worth of XCAD and $349,000 worth of ERN. The influencer faced allegations of potential market manipulation. In the world of cryptocurrency,…
While overall crypto laundering has decreased, sophisticated criminals like the Lazarus Group are transitioning from mixers to cross-chain bridges. Cryptocurrencies present a new frontier for money laundering, challenging traditional methods. Blockchain’s transparency exposes every transaction, yet criminals creatively seek to conceal their funds, aiming to convert illicit cryptocurrencies into fiat currency unnoticed. The “2024 Crypto…
The Kelexo (KLXO) presale has become a notable focus for investors, especially those who possess Tron (TRX) and Dogecoin (DOGE). Given the potential for substantial returns reaching up to 25x, the Kelexo (KLXO) presale has garnered substantial attention from cryptocurrency enthusiasts, heralding a fresh wave of excitement and promise within the financial realm. Tron (TRX)…
Recently, the Spanish telecommunications giant Telefonica made headlines by announcing its collaboration with Chainlink. This strategic move is geared towards addressing Web3-related vulnerabilities, such as SIM card fraud. Given the significant impact these vulnerabilities have had on the cryptocurrency sphere, this development is unquestionably welcomed. The manner in which this collaboration will enhance Web3 security…
Blockstream CEO Adam Back, a prominent figure in the cryptocurrency space, recently suggested in a post that Bitcoin could potentially exceed $700,000 if it manages to match the market capitalization of gold, currently around $13.5 trillion. Back’s remark was prompted by observations that Bitcoin is not only attracting substantial investment but also causing a decline…
summary Amid ongoing discussions about privacy, the United Kingdom is advancing its plans for a CBDC, while also advocating for privacy protections and transparency. The United Kingdom is forging ahead with its efforts to introduce a central bank digital currency (CBDC), despite lingering worries about privacy implications. Recently, the government released the results of its…
In a destructive cyber assault, more than a hundred healthcare facilities in Romania have succumbed to a ransomware attack, causing significant disruptions to crucial operations and jeopardizing patient care, according to reports from local media. The attack, directed at a widely utilized medical information system, unfolded overnight on Monday, forcing doctors and staff to resort…
summary The primary factor behind the retracement was the inflation data exceeding expectations. The amount of long-term holder (LTH) supply held at a loss decreased to 6.5%, indicating a shift towards distribution. Bitcoin’s time at $50,000 was brief, with recent developments leading to a minor price correction within the last 24 hours. Indeed, the flagship…