Current Situation Bitcoin has taken a hit, dropping 7% to $59,478 last week. It’s since tried to recover but has been stuck between $60,100 and $62,300. Bollinger’s Prediction John Bollinger, the creator of the Bollinger Bands, believes Bitcoin will continue to consolidate. He sees no clear direction after a price reversal at the lower Bollinger…
The Dip Bitcoin has been taking a hit lately, falling as low as $59,500. Investors are hoping the worst is over, but it’s hard to say if Bitcoin is ready to bounce back. Support Level to Watch CryptoQuant, a crypto intelligence firm, has identified a crucial support level for Bitcoin: $56,000. This level has acted…
Coinbase to List Shiba Inu Coinbase, the largest crypto exchange in the US, is planning to list Shiba Inu (SHIB) for its futures contracts. They’ve submitted a filing to the Commodity Trading Futures Commission (CFTC) to start trading soon. Shiba Inu’s Growing Influence This filing is a major boost for Shiba Inu, showing its growing…
Tokencan, VBIT, and HKD.com Exposed The Hong Kong Securities and Futures Commission (SFC) has issued a fraud alert on three entities: Tokencan, VBIT, and HKD.com. These companies are suspected of engaging in fraudulent activities related to virtual assets or operating without a license. Tokencan Tokencan, a supposed virtual asset trading platform, deceived investors through social…
Demand Metrics Tell the Tale CryptoQuant’s research chief, Julio Moreno, has shed light on the recent Bitcoin price drop. He points to the falling demand for Bitcoin as a major factor. The “apparent demand” metric measures the balance between production and inventory changes. In Bitcoin’s case, it tracks the amount of Bitcoin that has not…
Introduction WELL3 is an innovative project that combines decentralized technologies with health and wellness. Overview Company: WELL3 Token: WELL Sector: Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID) Business Model: DePIN and AI platform for wellness Key Features Data Decentralization: Health data is securely stored and processed on the DePIN network, ensuring privacy and…
Coinbase Announcement Coinbase, a major US cryptocurrency exchange, has announced that it will not facilitate the upcoming merger of three AI-focused altcoin projects: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Merger Details In March, the three projects announced plans to merge and form the Artificial Superintelligence Alliance (ASI). The merger is scheduled to begin…
A real estate attorney is suing JPMorgan Chase after the bank refused to reimburse her for $30,000 stolen from her business account. Unauthorized Transactions Ebony Lucas discovered that her account had been hit with fraudulent transactions, including: A car purchase Payments to a girlfriend’s bills Over $12,000 in bills paid to various retailers Suspect Identified…
Kidnapping and Extortion A 24-year-old Florida man, Remy St. Felix, has been convicted for leading a violent crime ring that targeted cryptocurrency owners. From September 2022 to July 2023, St. Felix and his crew invaded homes, kidnapped victims, and forced them to hand over their crypto wallets. Sophisticated Scheme Beforehand, the crew hacked into victims’…
A proof-of-work altcoin, Kaspa (KAS), has defied the recent market downturn, surging by 25% this week. Upcoming Token Standard Launch The surge is attributed to the upcoming launch of Kasplex, a protocol for the Kaspa ecosystem. Kasplex will introduce the KRC-20 token standard and support NFTs on the Kaspa network. Kasplex Protocol According to the…
