Crypto strategist Michaël van de Poppe thinks that the digital asset market is a few weeks away from concluding its multi-month correction. The analyst tells his 722,800 followers on the social media platform X that September is a historically bullish month for crypto. According to Van de Poppe, altcoins are already flashing signs of life …
Monthly archives: August 2024
‘Smart Money’ Investors Accumulating One OG Ethereum Ecosystem Altcoin: Defi Veteran Arthur Cheong
Crypto investor Arthur Cheong says that “smart money” entities appear to be accumulating one well-established altcoin as of late. Cheong tells his 172,200 followers on the social media platform X that millionaire wallets are gobbling up the native token of the decentralized finance (DeFi) lending platform Aave (AAVE) amid a sharp decrease in the token’s …
Bitcoin metrics line up bull signals with $60.6K BTC price level to beat
Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools.
Elon Musk Unveils Underlying Cause of Inflation, Says He’s Willing To Be Part of Government Efficiency Commission
Billionaire Elon Musk believes that one entity is the culprit behind the rising prices of goods and services in the US. The Tesla CEO says on the social media platform X that the underlying cause of inflation in the US is the federal government’s huge budget deficit. “Inflation is caused by the federal government spending …
Innovation in Crypto Moves Faster Than Governments, Needs Self-Regulation, Says Serial Innovator
Although the blockchain industry owes much of its success to so-called bridges, these are far from perfect solutions, argues Justin Wang, the founder and CEO of Zeus Network. While they help address the problem of liquidity segmentation that afflicts the Web3 industry, Wang insists that they pose significant security risks. Keeping the Innovation Flywheel Spinning …
X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders
X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de Moraes, a member of the Supreme Federal Tribunal, would have this legal representative facing jail time …
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Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure …
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NFTs Enrich Gaming Communities, Drive Stronger Engagement, Says Gaming Veteran
According to Luke Paglia, the COO at AGMI Studios, while traditional non-fungible token (NFT) art has lacked real utility, which explains its declining popularity, NFTs still have an important role to play in the gaming industry. To back this assertion, Paglia cites game developers’ use of NFTs “to innovate and bring new forms of value …
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Americans Under 40 Forcing Both Political Parties To ‘Collapse’ Into Bitcoin: Pantera Capital CEO Dan Morehead
Pantera Capital CEO Dan Morehead says that the political establishment is essentially being forced to cave into pro-crypto stances. In the firm’s monthly Blockchain Letter, Morehead says that the Federal Reserve’s decades of money printing has primarily benefited a minority of older demographics while punishing the majority, who now hold the bigger voting bloc. Morehead …
Lemon Pioneers Fiat-Crypto Interoperability Services in Peru
Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes required to deposit and exchange fiat for crypto, with users only needing a phone number for this task. Lemon Receives First Fiat-Crypto …
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Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
Mastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal of narrowing the digital gap. Narrowing the Digital Gap The …
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Indian Authority Arrests Man in Crypto Extortion Case
A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by …
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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission …
Privacy Fears Undermine Support for Digital Euro in Germany
Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing …
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Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the …