Bitcoin Could Surge Past $73.7k Next Week Under These Conditions
Key Insights: Bitcoin has established a local peak at $69k following profit-taking, currently cooling to $66.3k.More than 96% of BTC holders are in profit, with the majority being long-term investors.Bitcoin faces $1.6 billion worth of short positions at the $69k level.A breakout above $69k could trigger a short squeeze, pushing Bitcoin past $73.7k. Bitcoin Hits Resistance at $69k After surging from $62,000 to $69,400 between October 14 and 21, 2024, Bitcoin appears to have hit a local high. Thi
Ripple Co-Founder Challenges SEC's Appeal in Court
Key Insights: Christian A. Larsen, co-founder of Ripple, has officially filed a notice of appearance in response to the SEC's appeal.The SEC appealed a ruling from the Southern District of New York (SDNY), seeking to challenge the court's decision on XRP's legal status.Ripple and the SEC may face another prolonged legal battle over whether XRP qualifies as a security.A potential trial could hinder XRP's recent market gains during the altcoin season.
Ethereum Price: How Will the Surge Upgrades Reshape the Network?
Key Insights
The Merge upgrades transitioned Ethereum from a proof-of-work to a proof-of-stake blockchain.The Surge upgrades aim to enhance Ethereum's transactions per second (TPS) to 100,000.The Scourge upgrades focus on improving decentralization within the network.The Verge upgrades introduce new technologies to simplify node operation.The Purge upgrades aim to remove outdated blockchain data for improved efficiency.The Splurge upgrades encompass various enhancements not categorized in the p
Key Insights Pre-market trading is one of the best ways to capitalize on crypto trades.This form of trading allows early investors to buy and sell a cryptocurrency before official trading begins.It can be a great way to make some gains, but also risky.While prices can soar on the official launch, they can also crash heavily.Investors should always research and stay updated on the cryptocurrencies they are interested in.
Pre-market trading is a common term in the stock market. However, this conc
What Is KYC? Why Do Crypto Exchanges in India Need Kyc To Open an Account?
Key Insights KYC is very important for verifying the identity of users before using a crypto platform.It is a regulatory requirement and the Indian government both demands and requires it.The process helps to protect users, reduce fraud, and scams as well as prevent money laundering.Indian citizens need documents like an Aadhaar card, a PAN card, a passport photograph, and proof of address depending on the exchange.KYC registration generally takes between 10 - 30 minutes and is very easy to comp
What is Crypto Trading? How to Start Trading Crypto in India?
Key Insights India is among the top countries for crypto adoption.This widespread adoption creates opportunities that every investor in the country should understand.Popular crypto trading methods include HODLing, day trading, swing trading, and arbitrageInvestors should always do proper research before investing in any assets. Crypto trading has become a major buzzword in the world today. This is especially true in countries like India where interest in digital assets is more concentrated. But
Key Insights The memecoin market has boomed over the years on chains like Ethereum, Solana, and Binance’s Smart Chain.Memecoins on Binance’s Smart Chain and Solana typically benefit from their high throughput and low fees.The best memecoins to consider on Binance’s smart chain include Floki, SafeMoon, Baby Doge Coin, and Bonk.All of these were chosen based on deflationary aspects, track record, and potential to rally.
Memecoins have made a name for themselves, especially in the crypto space. Et
Key Insights Crypto has become increasingly popular. This trend is especially strong in India.The major steps to buying Bitcoin within the country are typically straightforward.These can range from choosing the right exchange to funding your account and simply buying and storing.If security is a major concern for you, consider a private wallet to store your Bitcoin after buying
Buying Bitcoin in India isn’t as hard as it used to be, especially in 2024. Crypto exchanges have now become more acce
What Are Crypto Rug Pulls? How to Avoid Meme Coin Rug Pulls
Key Insights Rug pulls are particularly common with meme coins where price action is dependent on hype.There are three major kinds of rug pulls including liquidity, token dumps and backdoor code exploits.It likely is if something seems too good to be true in the crypto space.Remember to do your research before investing in any project.
The crypto world, despite being highly lucrative is home to some of the harshest financial scams in the world. One of the biggest classes of crypto scams, in thi
What is a Crypto Wallet? How to Safely Store Cryptocurrencies in India (2024)
Key Insights There is a pressing need for secure crypto wallets in India.Investors looking to securely store their holdings should choose a wallet based on their everyday needs.Most wallets require a trade-off between security and ease of access.Some of the best ways to secure your crypto wallet is by applying 2FA, software updates, considering hardware wallets and steering clear of phishing scams
Crypto is a big deal in India. However, a new issue arises with this speed-up in momentum: How can
What Is BNSOL? How To Stake Solana Liquid Staking Token On Binance
Key Insights Liquid staking is becoming a more popular form of crypto investment.It offers users liquidity tokens in exchange for locking up their tokens.Binance’s version of Solana liquid staking offers a special token called $BNSOL as a liquidity token.This token can be traded, held or transferred like regular $SOL coins.Aside from some minor pitfalls, Solana staking with BNSOL is a major alternative for users looking for ROI and flexibility.
Crypto staking is becoming a popular way of invest
How to Earn Hamster Kombat (HMSTR) on Binance Launchpool?
Key Insights Binance has just announced the launch of the Hamster Kombat launch pool, which will run from 23 to 26 September.Users can participate by staking their BNB or FDUSD tokens in the launch pool.This launch is set to be massive, considering the hype the project has garnered throughout 2024.
Binance, the largest crypto exchange, has just announced the Hamster Kombat token as the latest project in its launch pool. Users can now earn the new $HMSTR tokens by either staking Binance Coin (BN
Token2049 Day 1 Recap: Vitalik Buterin, Solana's New Phone, and Ethereum's Dominance
Token2049, the world's leading cryptocurrency conference, returned to Singapore, gathering together the founders and executives of top Web3 companies and projects. The event kicked off with a bang, uniting entrepreneurs, investors, developers, industry insiders, and global media, creating an unparalleled platform for networking and collaboration. Vitalik Buterin Sings a Song
Vitalik Buterin sang the theme song of “Castle in the Sky,” explained its meaning, and told how it inspired Ethereum. So
Key Insights Today, the crypto market fell by 3.3%, with Bitcoin nearing $64,250.Ethereum is close to falling below the $3,000 threshold.In the past 24 hours, the market has seen significant liquidations, with bulls being the larger losers.Bitcoin is at a critical juncture, testing support at $64,450; a break below this could precipitate a sharp decline.Anticipate potential rebounds for Pyth and a possible breakout for Tron if current trends hold.
Decoupling Crypto from U.S. Politics: Copper Research's Analysis
Overview: Copper Research highlights that Bitcoin's price fluctuations are more closely tied to the U.S. dollar's strength rather than direct political events, challenging common market assumptions. Key Insights: Primary Influence: Bitcoin’s price correlation is predominantly linked to the U.S. dollar's strength, not specific political happenings.Political Impact on USD: Historically, the U.S. dollar tends to weaken under Republican administrations and strengthen with Democrats in power.Bitcoin
The U.S. Securities and Exchange Commission (SEC) has officially approved spot Ethereum ETFs, set to begin trading on July 23, signaling a significant development for Ethereum and potential impacts on market dynamics. Key Insights: SEC Approval: Spot Ethereum ETFs received approval this week, with trading slated to start on July 23.Major Issuers: Key issuers include industry giants such as Blackrock, Grayscale, 21 Shares, Fidelity, Bitwise, VanEck, and Franklin Templeton.Market Sensitivity: Kaik
A week filled with dramatic developments in the crypto world, including major confessions, accusations, and high-profile resignations that have left the community in shock. Key Insights: Craig Wright's Confession: Craig Wright, who had claimed to be Bitcoin creator Satoshi Nakamoto, admitted on social media that his claims were false.Worldcoin Accusations: DeFi Squared has accused Worldcoin of token price manipulation, labeling the project as a scam.Angel Drainer Developers Identified: Match Sys