A trader who nailed the May 2021 Bitcoin collapse believes BTC could see more downward price action before igniting a renewed rally en route to new all-time highs. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that BTC may revisit the “buy zone” of his logarithmic growth curve …
Monthly archives: July 2024
Wells Fargo Illegally Claims Customers Are Liable for Unauthorized Transfers, Say Victims of Bank Fraud, As New Class-Action Lawsuit Filed in Federal Court
Wells Fargo is facing a new proposed class-action lawsuit, accused of breaking the law by forcing customers to accept responsibility for unauthorized transfers. The suit, filed by Jennifer Rice and Erik Westervelt in a Pennsylvania federal court, alleges Wells Fargo routinely violates the Electronic Funds Transfer Act by not reimbursing victims for their losses. In …
Crypto Hacks Double in First Half of the Year to Over $1,380,000,000, According to Blockchain Intelligence Firm
Hackers stole more than twice the amount of crypto assets in the first half of 2024 compared to the same period last year, according to blockchain intelligence firm TRM. In a new report, TRM says that from January to June 24th of this year, cybercriminals siphoned $1.38 billion worth of crypto assets through hacks and …
North Carolina governor vetoes CBDC ban bill, calling it ‘premature’
Roy Cooper, the governor of North Carolina, struck off a bill that would have banned the state from receiving payments in U.S. Federal Reserve-issued central bank digital currency (CBDC) on June 5. House Bill No. 690 would have also restricted the state from participating in any CBDC testing by the Federal Reserve. In a statement, …
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Beyond Privacy: Zero-knowledge applications in supply chain transparency
The following is a guest post from Ian Kane, Head of Partnerships at Midnight Network. In today’s globalized economy, supply chain transparency is paramount. Consumers demand to know the origin of their products, regulatory bodies require stringent compliance, and companies need to ensure the integrity of their supply chains. Traditional methods of managing and verifying …
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Analysts Predict Second Trump Era Could Boost Gold Prices
Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin, a Trump 2.0 era could further boost …
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Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April …
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July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known …
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Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years of inactivity. Bitcoin’s price dipped to $56,952 amid speculation related to the Mt Gox distribution and the German government’s transfer of 3,000 BTC. Standard Chartered forecasts Bitcoin hitting $100,000 by November, with a potential boost from a Trump election …
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Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual rights, not crypto assets, as the platform had claimed. Latoken Users Trading Derivatives, Not Crypto Assets On July 3, the British Columbia Securities …
US Voters Increasingly Focused on Crypto As 2024 Election Approaches: Grayscale
New data from crypto asset management firm Grayscale reveals that US voters are increasingly focusing on crypto as the 2024 presidential election nears. In a new blog post, Grayscale says that this election cycle could be partially centered around Bitcoin (BTC) and crypto as voters become increasingly interested in digital asset investments. To reach its …
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CryptoQuant CEO Says Bitcoin Bull Market Will Continue Until Next Year – Here’s His Price Target
Ki Young Ju, the CEO of blockchain analytics platform CryptoQuant, says he’s expecting the current Bitcoin (BTC) bull run to last until the first few months of 2025. Ju tells his 351,000 followers on the social media platform X that while he sees the potential for more downside for Bitcoin, perhaps near the $47,000 level, …
Ancient Bitcoin Whales Wake Up From Slumber To Move Over $58,000,000 in BTC After a Decade: On-Chain Data
Two very early Bitcoin owners have suddenly shifted tens of millions of dollars in BTC after more than 10 years of dormancy. Data from the whale-watching bot Whale Alert reported the abrupt awakening of an ancient Bitcoin wallet that moved 1,004 BTC worth $56.92 million after being dormant for 10.6 years. On-chain data shows that …
Justin Sun Developing Gasless Transaction Stablecoin Solution for Tron and EVM Chains
Justin Sun, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins. This means that stablecoin movement fees will be free for the users, with issuers having the opportunity to pay for these. The service is expected to be operational by Q4 and will be …
Nigerian Prison Officials Deny Binance Employee Tigran Gambaryan is Seriously Ill
According to the prison authorities, Binance employee Tigran Gambaryan is in good health and not sick as claimed by his family. The family had raised concerns about his well-being and alleged that he was not receiving proper medical attention. However, the prison authorities have denied these claims, stating that Gambaryan is receiving proper care and …
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