Wire Fraud Indictment Federal authorities have arrested Idin Dalpour for orchestrating a multi-year crypto Ponzi scheme that defrauded investors of over $43 million. The Scheme From 2020 to 2024, Dalpour lured investors through a company called Entity-1. He claimed to be involved in a Las Vegas hospitality venture and a crypto trading operation. Dalpour promised…
Dave the Wave, a well-known crypto analyst, believes Bitcoin (BTC) could be in for more downside after dropping below $58,000. Key Fibonacci Level Dave the Wave is monitoring Bitcoin’s support at a key Fibonacci retracement level of 0.382, which corresponds to around $58,000. He notes that this level has historically provided support for Bitcoin during…
Leveraged traders have been hit hard after Bitcoin (BTC) suddenly plummeted below $58,000, dragging other cryptocurrencies down with it. Liquidation Frenzy According to Coinglass, over $448 million in cryptocurrencies have been liquidated in the past 24 hours. Over 84% of these liquidations were from traders who had borrowed money to bet on rising prices (leveraged…
Popular crypto analyst Benjamin Cowen warns that Bitcoin (BTC) could fall further after recently hitting a low not seen since February. 100-Day Moving Average as Support Cowen notes that Bitcoin’s price is currently at the 100-day simple moving average (SMA), which has previously acted as support. If the price falls below this level, it could…
According to Brian Quinlivan, marketing director at blockchain analytics firm Santiment, two factors could spark a recovery in Bitcoin’s price: Whale and Shark Accumulation Whales (holding 10-10,000 BTC) and sharks have recently taken profits, contributing to the price decline. However, if they resume accumulation, it could indicate a potential upward trend. Fear, Uncertainty, and Doubt…
Massive Outflows The US Spot Bitcoin ETF market has witnessed record-breaking outflows, with over $500 million leaving in a single day. This comes as Bitcoin’s price continues to decline. Impact of FED Announcement The outflows occurred after the Federal Reserve’s decision to maintain interest rates, despite expectations for a cut. This triggered further declines in…
Bitcoin, the top crypto, has taken a hit lately. But crypto analyst Michael van de Poppe thinks the worst might be over. Bitcoin’s Correction Nearing Its End Poppe says Bitcoin is about to wrap up its correction phase, which means it could be close to hitting a bottom. He notes that Bitcoin is down 20%…
Recent Challenges and Growth Solana has experienced a surge in popularity, with daily active users (DAUs) peaking at 160,000. However, this rapid growth led to network congestion and a period of instability. Current State and Future Outlook Despite the challenges, Solana has stabilized and is now in an unprecedented position. All key metrics are positive,…
Bitcoin’s Struggles Bitcoin, the crypto king, has been struggling lately. Its price has dropped, despite hitting record highs earlier this year. This is due to concerns about inflation and interest rate hikes. Shiba Inu’s Surge Meanwhile, Shiba Inu, the meme coin, is on a roll. Transaction fees on its blockchain have jumped 500% in the…
SEC’s Crackdown on Uniswap The Securities and Exchange Commission (SEC) has targeted Uniswap, a leading decentralized exchange, for alleged securities violations. The SEC claims Uniswap facilitated the trading of unregistered securities, despite the platform’s decentralized nature. This has raised concerns about the potential impact on DeFi innovation and regulation. Regulatory Hurdles and Security Vulnerabilities Beyond…
