New Partnership with UQUID Tether, the issuer of the popular stablecoin USDT, has teamed up with UQUID to enable Filipino citizens to pay their social security contributions using cryptocurrency. Easy Payment Process According to UQUID, paying social security with USDT on the TON blockchain is a simple seven-step process using their UQUID card. 1 USDT…
Whale Activity Over the past week, Toncoin whales have been actively buying, accumulating over 45 million TON, worth approximately $342 million. This surge in whale buying comes after the cryptocurrency reached a new all-time high last month. Whale Cohort The whale cohort includes addresses holding between 10,000 and 100,000 TON. These large holders have significant…
Vitalik Buterin, the co-founder of Ethereum, has blasted US crypto regulations for encouraging “useless things.” Overly Broad Definitions Stifle Innovation Buterin criticized the Securities and Exchange Commission (SEC) for its expansive definition of securities, which he believes stifles innovation and incentivizes empty promises. He argues that the SEC’s approach prioritizes speculative ventures over projects with…
June brought a significant drop in cryptocurrency losses due to hacking, marking a 54.2% decrease from May. This shift indicates progress in the crypto security landscape. Major Incidents and Impact PeckShield, a crypto analytics firm, reported 20 hacking incidents in June, resulting in losses of around $176 million. The largest breach was the BtcTurk exchange,…
Robinhood’s AI Acquisition Robinhood’s purchase of Pluto Capital aims to enhance its platform with AI-powered investment advice and analytics. This move aligns with Robinhood’s goal of making finance more accessible to retail investors. Cardano Founder’s Warning Cardano founder Charles Hoskinson cautions against the potential risks of centralized control over AI algorithms. He fears that AI…
Macro analyst Raoul Pal predicts a massive influx of liquidity into global financial markets, which could drive up risk assets such as cryptocurrency. Catalysts for Liquidity Increase Pal identifies several factors contributing to the expected liquidity surge: Treasury General Account drawdown End of quantitative tightening by the Federal Reserve Drainage of reverse repo operations Congressional…
Crypto analyst Rekt Capital believes Bitcoin (BTC) is currently undervalued, based on a key indicator. Pi Cycle Top Indicator The Pi Cycle top indicator uses two moving averages to assess Bitcoin’s price. When the price falls below the 111-day moving average (DMA), it has historically signaled a buying opportunity for investors. Current Market Conditions As…
Ethereum founder Vitalik Buterin has raised concerns about the current regulatory landscape in the cryptocurrency industry, describing it as “anarcho-tyranny.” Unfair Targeting of Transparent Founders Buterin argues that regulators unfairly target founders who provide clear explanations of their business models. These founders are often accused of issuing unregistered “securities.” Incentives for Vague Projects In contrast,…
Despite fears that the upcoming Mt. Gox repayments could trigger a Bitcoin price collapse, experts believe the impact may be minimal. Repayments and Market Concerns Starting in July, Mt. Gox, a defunct crypto exchange, will distribute 142,000 BTC (approximately $9 billion) to creditors. This news sent shockwaves through the market, leading to over $313 million…
Bitcoin (BTC) is approaching a crucial resistance level of $64,515, setting the stage for a potential price surge. Upward Trend and Resistance Level BTC has been on a steady upward trend, gaining investor confidence. Breaking through the $64,515 resistance could trigger a major rally, potentially pushing BTC to new highs. Technical Indicators 4-hour chart: Bullish…
