Bitcoin’s recent 27% correction suggests potential entry points, backed by historical resilience in bull markets.

Market turmoil, including miner challenges and government sell-offs, intensified Bitcoin’s recent downturn.

Despite major firms buying Bitcoin, analysts caution its short-term volatility makes investing risky.

The total capitalization of the cryptocurrency market fell to more than $ 400 billion, and cryptocurrency itself entered a unstable phase during which its price peaked at $ 53,000. Therefore, it is logical for these specialists to take the current position as a sign of grounds for investment, irrespective of when it seemed unfavorable.

The CEO of Blockstream, Adam Back, stressed the value of maintaining perspective in the face of market turbulence. He drew attention to the fact that prior Bitcoin bull runs had several 30% corrections, however the most recent drop was only about 27%. Back advised followers to think about purchasing the dip rather than to freak out.

reminder, zoom out. prior bull runs had half a dozen -30% draw downs too. we're at about -26% (-27% earlier). in fact if anything, recent draw-downs seem to be less deep, but people forget the normal bull market pattern. don't panic, buy the dip. or buy a bit of $CMSTR with… pic.twitter.com/vBOjFN1TOn

— Adam Back (@adam3us) July 5, 2024

Technical Indicators at Play: Bitcoin’s $200-DMA Break Could Signal Further Declines

Bitcoin is falling below the critical level or the 200-day moving average for the first time in the last ten months, making investors worried. This level, formerly seen as sufficient to gain entry into spot Bitcoin exchange-traded funds (ETFs), stepped up the selling pressure.

The market turmoil resulted in the liquidation of over $800 million in long positions within a mere three days. Several factors contributed to this downturn, including challenges faced by Bitcoin miners following April’s halving event. The halving reduced miners’ coinbase rewards per block, compelling some to sell portions of their Bitcoin holdings to manage financial pressures.

External Pressures: Government Sell-Offs and Miner Challenges

Additionally, the German government’s decision to gradually liquidate its Bitcoin holdings added to the selling pressure. Originally seized from operators of the film piracy platform Movie2k.to, the government possessed nearly 50,000 BTC, with over 46,000 BTC moved to exchanges recently. This move added to market volatility and investor uncertainty.

Thus, the recent fluctuation of Bitcoin price is not only the result of the profound stimulating of fundamental factors of economic nature but of the general tendency of the market mood as well. The specialists and key opinion leaders, including Adam Back – a cipher-punk and one of the early developers in Bitcoin still keep optimism and some candidates to obligatory indicators at the present stage following the experience of some failures at bear phases but essential rebounds in bull phases.

Hence, the current status of the stock market is advised to be approached very carefully by the investors by looking at not only the potential short-term earnings but the long-term losses as well. It articulates how ever-shifting the cryptocurrency market is through demonstrating how macroeconomic factors, innovative technologies, and legislation affect people’s feelings about their investments and the value of their assets.

In this case, it remains possible to state that the current changes in the bitcoin’s price clearly reveal the interaction between external factors and internal tendencies of the market. Where Bitcoin and other cryptocurrencies would be headed within the weeks that are going to come would most likely be influenced by investor confidence and strategic behaviors because of stabilization of the market.

Read also:

Chainlink Oracle Services Build Advanced Smart Contracts

Weekend Trading of Bitcoin Dropped To Historic Lows as ETF Influence Took Hold

XRP Dominates Altcoin Trading Despite Heavy Sell-Offs

Grayscale’s BTC Sell-Off: Why and What’s Next?

Crypto Resilience Amidst Major Sell-Offs

The post Bitcoin Faces Volatility Amid Market Sell-Off and Miner Pressure appeared first on Crypto News Land.

As the cryptocurrency market gears up for a potential bull run in 2025, investors are scouting for altcoins that promise high returns. This July, a few standout presales are making waves, promising lucrative opportunities for early backers. 

This guide delves into the cream of the crop among best altcoins, with a spotlight on BlockDAG, recognized for its groundbreaking approach and significant growth prospects as it made over $56.4 million.

Leading Altcoins for the 2025 Bull Run

BlockDAG (BDAG) – Revolutionizing transaction processing with its unique Directed Acyclic Graph (DAG) technology, BlockDAG is set to surge in the upcoming bull run due to its scalability and swift transaction capabilities.

Solana (SOL) – Renowned for its high throughput and low transaction costs thanks to its Proof of History (PoH) consensus mechanism, Solana remains a top player with robust performance and an expanding ecosystem.

XRP – Designed to enable rapid and cost-effective cross-border payments, XRP connects traditional finance with cryptocurrency through its efficient transaction platform.

Toncoin (TON) – Utilizes the Telegram Open Network (TON) blockchain for fast transactions and decentralized applications, making it popular among crypto enthusiasts for its innovative blockchain solutions and user-focused features.

Cardano (ADA) – Stands out with its high-performance blockchain platform that emphasizes security, scalability, and sustainability, driven by a unique proof-of-stake consensus mechanism.

1. BlockDAG 

BlockDAG (BDAG) is taking center stage in the upcoming 2025 bull run among best altcoins, armed with its pioneering Directed Acyclic Graph (DAG) technology. This technology is a game changer, enabling simultaneous transaction processing, which significantly boosts throughput and reduces delays. BlockDAG is becoming an essential solution for high-traffic transaction environments, setting the stage for broad adoption.

Since its inception, BlockDAG has captivated investors, raising $56.4 million, with its coin price soaring to $0.014—a whopping 1300% jump from its initial offering. This stellar performance underscores the market’s confidence in BlockDAG’s future. Analysts predict a rise to $0.05 per coin, suggesting a promising return for early investors.

2. Solana 

Solana (SOL) is making waves with its incredible processing capacity and minimal cost per transaction. Powered by its innovative Proof of History (PoH) consensus mechanism, Solana handles thousands of transactions per second, making it an ideal platform for decentralized applications (dApps). With its ecosystem growing steadily, Solana is gearing up for strong performance in the 2025 bull run.

3. XRP 

XRP, developed by Ripple Labs, is engineered to facilitate swift and affordable cross-border payments. Its rapid transaction capabilities and low fees make it an appealing choice for financial institutions aiming to bridge the gap between conventional finance and cryptocurrency. Despite facing regulatory hurdles, XRP retains a solid presence in the market and is well-positioned to benefit from the next bull run, pending regulatory clarity.

4. Toncoin 

Toncoin (TON) leverages the Telegram Open Network (TON) to deliver high-speed transactions and robust support for decentralized applications. With state-of-the-art blockchain solutions and a focus on user experience, Toncoin has quickly become a favorite in the crypto community. Its efficiency in processing transactions positions it as a strong contender for the 2025 bull run.

5. Cardano 

Cardano (ADA) is recognized for its high-performance blockchain that prioritizes security, scalability, and sustainability. Its unique proof-of-stake consensus mechanism aims to create a balanced and sustainable cryptocurrency ecosystem. Cardano’s commitment to research and development strengthens its potential for significant growth in the upcoming bull run.

Top Picks for the 2025 Bull Run

For investors eyeing potential gains in 2025, BlockDAG, Solana, XRP, Toncoin, and Cardano are the top altcoins to consider. BlockDAG leads with its innovative DAG structure and rapid presale momentum. 

In Summary

Among the best altcoins, BlockDAG is particularly notable for its unique architecture and vast growth potential earning over $56.4 million in presale. With robust investor trust, cutting-edge technology, and a clear strategic plan, BlockDAG is poised to spearhead the next major surge in crypto investments. For those seeking to participate in an innovative project with significant return potential, BlockDAG should be at the forefront of your investment choices.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

The post Best Altcoins of 2025: BlockDAG, Solana & More Set to Conquer the Bull Run appeared first on Crypto News Land.

Binance faces Nigerian court over operating without required licenses, threatening local crypto operations.

Nigeria intensifies crypto regulations, urging fintechs to block transactions involving cryptocurrencies.

Legal actions against Binance could reshape future crypto regulations and market integrity in Nigeria.

On July 5, a Nigerian court cited Binance’s alleged illegal conduct with Olubukola Akinwunmi, testifying against the cryptocurrency exchange. Akinwunm, testified that Binance operated without the necessary licenses and governmental clearance, a charge that might have far-reaching implications for Nigeria’s crypto business.

According to Akinwunmi’s testimony, Binance provided financial services without authorization. This included making deposit and withdrawal transactions easier, which should be limited to banks and authorized financial institutions. Binance allegedly performed currency conversions from naira to US dollars without the necessary CBN authorization, which points to significant regulatory breaches.

Akinwunmi also explained how Binance facilitated transactions by letting traders use pseudonyms, which violated laws requiring the disclosure of true identities in financial transactions. This anonymity raises concerns and undermines the regulatory framework intended to prevent financial crimes. 

He explained how traders carried out peer-to-peer transactions on Binance by transferring naira to the seller’s bank account and completing the transaction using the platform. As a result, Binance would be involved in distributing fiat currency, which Akinwunmi believes is a regulated activity that Binance is not entitled to conduct.

Following Akinwunmi’s testimony, the court set aside July 16 for the defense’s cross examination. Judge Emeka Nwite ordered the Nigerian Correctional Services to submit Tigran Gambaryan’s medical documents. This lawsuit marks a significant step in Nigeria’s crackdown on unregulated cryptocurrency activity. 

The National Security Adviser recently categorized bitcoin trading as a national security issue. In response, the CBN directed fintech startups like Opay, Moniepoint, Paga, and Palmpay to block and report accounts involved in cryptocurrency transactions.

In February, Binance stopped its peer-to-peer service for Nigerian users due to government regulation. During a virtual meeting with Nigeria’s Blockchain Industry Coordinating Committee, the Securities and Exchange Commission (SEC) urged action to remove the naira from peer-to-peer systems. This approach attempts to reduce market manipulation and maintain the integrity of Nigeria’s capital market.

The continuing legal procedures against Binance may significantly impact Nigeria’s cryptocurrency sector. As the case proceeds, the decision will likely impact future regulatory approaches to digital currencies in the country.

Read Also:

KuCoin Sets 7.5% VAT on Nigerian Crypto Transactions from July 8

Koibanx, Algorand To Make IP Marketplace for Nigeria

Binance CEO’s Bribery Allegations Could Impact Nigeria’s Investment

Binance Executive Tigran Gambaryan Denied Bail in Nigeria

US Politicians Urge Biden to Help Detained Binance Executive in Nigeria

The post Binance Accused of Illicit Transactions by Nigerian Central Bank appeared first on Crypto News Land.

Spot Bitcoin ETFs attract $143.1M in inflows, showing strong market confidence.

Major ETFs like FBTC and BITB seize on price dip to boost holdings.

Despite volatility, strategic buyers and institutions remain bullish on Bitcoin.

Following a notable dip in Bitcoin prices below $54,000 on July 4th, U.S.-based Spot Bitcoin ETFs have witnessed substantial investment surges. According to Farside Investors, these funds saw the highest monthly inflow on July 6th, amounting to $143.1 million, indicating strong investor confidence amidst market uncertainties.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the pack with an impressive inflow of $117 million. Close behind, the Bitwise Bitcoin ETF (BITB) added $30.2 million. Other funds such as the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL) also attracted capital with new investments of $11.3 million, and $12.8 million respectively. 

On the flip side, the Grayscale Bitcoin Trust (GBTC) had a net outflow of $28.6 million, this going against the trend that other ETFs have posted.

Investors Leverage Lower Prices 

Even though the market has recently been rather volatile, institutional investors and big buyers are buying more Bitcoins to strengthen their positions. Hunter Horsley, the Chief Executive Officer at Bitwise Asset Management also pointed to the fact that this is the right time to purchase during the dip. He remarked, “The outlook for Bitcoin has never been stronger. For many who don’t yet have exposure, this week is a chance to buy the dip.”

~$30,000,000 inflows into $BITB today. Bitwise PM team efficiently purchased Bitcoin at less than half of 1 basis point of cost.Cumulatively this week $BITB had >$66,000,000 of inflows, and now holds over 38,000 Bitcoin for investors.The outlook for Bitcoin has never been…

— Hunter Horsley (@HHorsley) July 5, 2024

During the first week of July, BITB alone registered inflows exceeding $66 million, elevating its total Bitcoin holdings to over 38,000 BTC. This influx underscores the enduring confidence in Bitcoin’s long-term prospects, even as the market faces short-term price adjustments.

Market Analysts 

Peter Schiff, a well-known Bitcoin analyst, shared insights on the resilience of Bitcoin ETF investors amidst the market’s ebb and flow. “So far, there’s no sign of panic. It will likely take a much larger drop in Bitcoin before they finally capitulate,” he commented, suggesting that a significant sell-off might be on the horizon, potentially testing investor resolve.

The recent transactional activities follow the historical move by the collapsed Japanese cryptocurrency exchange Mt. Gox, which transferred 47,229 Bitcoin to a new wallet address, influencing Bitcoin’s price to settle at $55,200 on Coinbase.

Market Sentiments Amidst Challenges

The concerted inflows into U.S.-based Spot Bitcoin ETFs post-July 4th exemplify a market that, while susceptible to fluctuations, remains buoyed by strong institutional support and strategic buyer interest. As the landscape for digital assets continues to evolve, the actions of seasoned investors and their substantial contributions to these funds will likely play a pivotal role in shaping the future trajectory of Bitcoin and the broader cryptocurrency market.

Read Also:

U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M

US Spot Bitcoin ETFs See Largest Net Inflows in Three Weeks

Crypto Markets Rally: June Opens with $2 Billion Inflows, Ethereum Shines

Bitcoin ETFs Hit Second-Highest Inflows Day with $886.6 Million

US Spot Bitcoin ETFs Draw $12 Million in Net Inflows Despite Reduced Pace

The post U.S. Bitcoin Spot ETFs See Record $143.1M Inflows After Price Dip appeared first on Crypto News Land.

The cryptocurrency market remains a bustling center of innovation and investment. Amid the ongoing developments with digital assets like XRP and Toncoin, BlockDAG has captured the spotlight thanks to its monumental presale success.

This article delves into the dynamics and potential of these cryptocurrencies, spotlighting BlockDAG’s promising outlook that investors shouldn’t overlook. With a whopping $56.4 million raised in its presale, BlockDAG is a hot topic in the crypto world.

XRP Price Forecast: Legal and Market Dynamics

Currently trading at approximately $0.47, XRP is at a critical juncture. Its chart shows a double bottom pattern, indicating a potential rise to $0.54 soon.

Market enthusiasts are closely watching the pending Ripple-SEC lawsuit decision due in July, which could significantly impact XRP’s valuation, potentially pushing it towards the $30 mark. This legal resolution could elevate XRP’s status significantly in the cryptocurrency market.

Toncoin Update: Consistent Performance and Solid Base

Throughout early 2024, Toncoin has shown strong and steady growth. Operating on the innovative Telegram Open Network (TON), it has solidified its market position, evident from positive movements in its 50, 100, and 200-day moving averages.

Toncoin’s relative strength index suggests it has room to grow without being overbought, indicating continued investor interest and a promising outlook for further value increases.

BlockDAG: A New Era of Crypto Engagement and Investment

BlockDAG is revolutionizing how community engagement influences market presence. Its recent promotional campaigns in major global cities like Tokyo and London have significantly broadened its visibility and market influence.

Raising an impressive $56.4 million from its presale, BlockDAG has seen an astonishing 1300% growth, with 12 billion coins sold. An upcoming $2 million giveaway aims to deepen community engagement and boost participation on its platform.

BlockDAG’s technology is at the forefront of the crypto industry, supporting a multitude of decentralized applications across various sectors with its BDAG coins. Its cutting-edge Directed Acyclic Graph (DAG) technology ensures swift transaction confirmations, vital for high-stakes, time-sensitive transactions. With capabilities of handling 10,000-15,000 transactions per second at low fees, BlockDAG is positioned as a leader in crypto innovation.

Final Insights

As the cryptocurrency landscape evolves, BlockDAG shines with its advanced technology and robust market performance. Having achieved significant milestones from its presale and backed by a solid tech foundation for diverse dApps, BlockDAG represents not just a crypto investment but a venture into a rapidly growing digital ecosystem.

For those seeking substantial returns and an active role in a thriving crypto community, BlockDAG presents a unique and lucrative opportunity. Investors are flocking to BlockDAG’s $56.4 million presale, eager to be part of a network set for exponential growth.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficialDiscord: https://discord.gg/Q7BxghMVyu

The post Crypto Power Plays: BlockDAG Dominates with $56.4M Presale, XRP and Toncoin in Hot Pursuit appeared first on Crypto News Land.

TRON to launch gas-free stablecoin transfers in Q4 2024, first on TRON, then on Ethereum and all EVM-compatible chains.

TRON maintains stable user growth despite market volatility, indicating strong foundational structure and user trust.

Justin Sun offers to buy Germany’s Bitcoin stash to reduce market impact amid recent BTC price drops.

TRON founder Justin Sun has announced a new initiative aimed at revolutionizing stablecoin transfers by eliminating gas fees. This solution will enable transfers without the need for gas tokens, with the fees covered by the stablecoins themselves. The innovation will debut on the TRON blockchain before expanding to support Ethereum and all EVM-compatible public chains, with a launch anticipated in Q4 of this year.

Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024

Benefits for Large Companies

Sun believes that this development will benefit large companies, allowing them to deploy stablecoin services on the blockchain more efficiently. By removing gas fees, businesses can facilitate transactions at a reduced cost, potentially accelerating blockchain adoption.

TRON’s blockchain operates with a unique tokenomics system, generating a block every three seconds. Block producers receive a reward of 32 TRX per block, with nodes receiving 16 TRX per block. For this, inflation occurs at a rate of around 500 million TRX in a given year.

Thus, while other platforms have fluctuated on the market, decentralized application (dApp) users of TRON have remained constant, as the analyis by CryptoQuant highlighted. 

The analytical service noted that TRON’s ability to hold and even increase its active users during periods of market uncertainty speaks to the network’s strong foundational structure.

$TRON Network Maintains Resilient User Base Amid Market Uncertainty"@trondao has exhibited a resilient user base as active users have grown since the start of the year and maintained near all-time high levels despite market uncertainty and sell pressure across the broader… pic.twitter.com/LJBfdXixvU

— CryptoQuant.com (@cryptoquant_com) July 5, 2024

Diverse Project Ecosystem

CryptoQuant analysts attribute TRON’s success to the diverse range of projects within its ecosystem. TRON offers solutions for payment processing, stablecoins, and the integration of real-world assets, engaging users through practical and applicable services.

The continued use of the TRON platform indicates a high level of trust and satisfaction among its users. This is crucial for any network looking to endure in the volatile cryptocurrency market. TRON’s ability to retain users and maintain activity levels during market downturns demonstrates the network’s value and reliability.

Justin Sun’s Bitcoin Offer to Germany

In a separate move, Sun recently offered to purchase the remaining Bitcoin held by the German government. Announcing on social media platform X, Sun stated his willingness to negotiate an off-market purchase to minimize market impact. This offer comes amid a significant drop in Bitcoin’s market value.

The consistent number of users on TRON, despite market volatility, highlights the ecosystem’s strength. TRON’s diverse applications have not only attracted but also retained a significant user base in the crypto space, showcasing the network’s stability and resilience.

Read also

Justin Sun Supports Binance: Deposits 100M USD

Justin Sun: TRX Trading on FTX_Official has Resumed

Justin Sun Invites PayPal to Issue PYUSD on TRON: A Thriving Ecosystem Awaits

Justin Sun Wants 5 Countries to Adopt TRX as Legal Tender

Suspected Justin Sun Address Moves 500M USDT

The post Justin Sun Announces Gas-Free Stablecoin Transfers on TRON appeared first on Crypto News Land.

House to vote on overturning SEC’s crypto asset rule, facing a big challenge to secure a two-thirds majority.

SEC’s SAB 121 mandates banks to list digital assets, sparking debate on financial stability and market integration.

Industry experts skeptical of overturning Biden’s veto, citing vote shortfall and potential risks.

The United States House of Representatives prepares for the second vote on a bill that is planned to repeal the rule adopted by the Securities and Exchange Commission (SEC) that demands banks to reflect cryptocurrencies on their balance sheets. This decision comes after the President of America Joe Biden vetoed the initial effort of passing the above resolution in May this year, after the resolution had received a nod from both the House and the Senate.

Remember when Biden vetoed the SAB121 rollback? It’s back on the House floor next week — let’s see if the House can rally a 2/3 vote to overturn the veto (steep hill to climb but not impossible given how bipartisan the FIT vote was) https://t.co/2wfWEf49Q5

— Alexander Grieve (@AlexanderGrieve) July 5, 2024

Background of SAB 121

The Staff Accounting Bulletin 121 (SAB 121) laid down by the SEC has made it mandatory for banks which are in the process of being listed to include cryptocurrencies in their balance sheets. Republican Mike Flood led the opposition of this rule whereby he asserted that it puts pressure on banks who want to custody cryptocurrency. 

The first one was H. J. R. 109 that aimed at repealing SAB 121, but it has been voided by Biden on grounds of the possible financial instability and market uncertainty. House Majority Leader Steve Scalise says the chamber is eyeing the vote to be conducted as soon as next week. 

The aim is to repeal the veto that President Biden has put in place and to do so a two-third majority of the members in the House and the Senate are needed. A supermajority vote of 75 percent is regarded as difficult in this case, bearing in mind that some people have different feelings towards the SEC’s rule.

Industry Reactions

The crypto industry has expressed skepticism about the likelihood of overturning the veto. Alexander Grieve, an executive at Paradigm, noted that reaching the necessary votes is “likely impossible.” 

This sentiment is echoed by Cody Carbone, Vice President of Policy for the Chamber of Digital Commerce, who believes the effort will ultimately fail due to a significant shortfall in required votes.

Implications for TradFi and Digital Assets

The resolution aims to address concerns that the SEC rule restricts traditional financial institutions (TradFi) from custodian digital assets, potentially limiting the integration of these assets into the U.S. financial system. 

Proponents argue that rescinding SAB 121 would facilitate greater involvement of banks in the crypto market, while opponents warn of the risks associated with financial instability.

This important vote is coming up in the House; the fight regarding the rule from the SEC and the effects on the financial sector goes on. The result will not only encompass the banks and the crypto business but also define the treatment of digital goods in the framework of the United States’ financial regulation.

Read also

Biden’s Veto on SAB 121: American Bankers Association Warns of Setback for Secure Crypto Custody

Biden Poised to Veto H.J. Res. 109 over SEC Digital Asset Rules

USA Makes History: Wall Street, House of Representatives, and the Senate Wants Bitcoin (BTC), Will Joe Biden Veto the Nation’s Vote?

Biden’s Veto Sparks Crypto Clash: Will SEC’s Ruling Stifle Financial Innovation?

Governor has vetoed the California ‘BitLicense’ Bill

The post Biden’s Veto on SEC Crypto Rule Faces Second House Vote Next Week appeared first on Crypto News Land.

Many cryptocurrencies, including XRP and Theta Network (THETA) have faced major challenges after the recent SEC lawsuits on major altcoins. XRP and Theta investors are now uncertain about the future of their investments as the token prices drop even further. However, a new DeFi token, Rollblock (RBLK), has thrived despite the general bear market. Analysts monitoring Rollblock’s prelaunch tip that this new cryptocurrency could bear promising returns by the next bull run. 

Crypto Whales Sell Off Ripple (XRP) At A Loss

XRP has experienced a 16% decline in the last month as whales sell off their holdings. With XRP’s price now at $0.44, token holders remain concerned about further price decline as their portfolios lose value. Analysts highlight that in July alone, over 63 million $XRP has been transferred to exchanges. This could result in more investors selling their holdings, driving XRP’s price downwards. Since the market sentiment and other indicators show bearish patterns, more investors are joining in the selloff, and XRP’s price could drop to its April 13 low of $0.4188.

Theta Network (THETA) Hits Its Lowest Price Point In The Last Month

Theta Network (THETA) investors have struggled to gain any profits in 2024. Since Q2, Theta Network’s price has staggered between $1.00 and $3.50. With its current price now at $1.33, Theta Network investors maintain a bearish sentiment. 

Many have started seeking newer, more innovative altcoins with high growth potential. As a result, analysts predict that Theta Network’s price could see further declines, with predictions suggesting that Theta Network could drop below $1 in Q3. 

Rollblock (RBLK) Takes Charge in the Crypto Bear Market 

As whales and investors move away from projects like XRP and Theta Network (THETA), Rollblock (RBLK) has become a strong alternative. Rollblock is a GambleFi protocol designed to transform the online gambling and cryptocurrency markets. 

This play-to-earn casino project on the Ethereum blockchain connects centralized and decentralized gaming. It provides a more transparent and reliable platform for millions who are uncomfortable with the lack of transparency in online betting. This approach has drawn players and investors eager for an innovative solution to significant challenges within the $450 billion global gambling market.

To drive more people to the platform, Rollblock makes it very easy to sign up. Unlike traditional casinos that require KYC verification, Rollblock only needs players to sign up with their email or connect their crypto wallets. By buying the native $RBLK tokens with any of the accepted cryptocurrencies, they can enjoy over 150 games, such as blackjack, slots, poker, and roulette.

Rollblock’s $RBLK token offers multiple benefits for both users and investors. Casino players on Rollblock earn $RBLK tokens as rewards for their activities on the platform while investors benefit from the profit-sharing system Rollblock put in place. Up to 30% of the casino’s daily profits are taken out regularly. A portion of this is used to reward $RBLK token holders, and up to 50% go into buying back $RBLK tokens from the open market and burning them to increase the token’s value. 

Currently in stage 3 of presale, Rollblock’s price sits at $0.015. As seen in Rollblock’s tokenomics, there’s a total supply of 1 billion $RBLK tokens and only 60% is available during the presale. As more investors stack $RBLK tokens and the project’s momentum snowballs, Rollblock’s price is expected to see huge returns in the coming weeks. Investors who get involved early will see the largest gains when they purchase $RBLK at its lowest price.  Some analysts forecast that Rollblock could see an 800% increase before the presale ends if it maintains its current momentum, making it one of the highest return cryptocurrencies in the market.

With a strong foundation on the Ethereum blockchain, Rollblock has the potential to revolutionize the global gambling industry. With blockchain technology and well-structured growth systems for players and investors, the $RBLK token could become a top DeFi token in 2024. Investors who get involved now can also enjoy prizes from a $20,000 prize pool during the Euros!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.Rollblock.io/ Socials: https://linktr.ee/Rollblockcasino 

The post XRP and THETA Down and Out? Experts Are Betting On This New Crypto With 50x Potential To Lead The Bull Run appeared first on Crypto News Land.

The cryptocurrency landscape is bustling with action. Despite increased interest from large investors, Litecoin (LTC) is experiencing a downward trend, hitting its lowest price since February. On the other hand, Maker Token (MKR) has taken a hit due to a security exploit that revealed its vulnerabilities.

In stark contrast, BlockDAG is capturing the spotlight with its upcoming mainnet debut and a massive $2M giveaway, sparking considerable excitement in its community. In its 19th presale phase, BlockDAG has amassed $56.4 million, affirming strong investor confidence and its position as a leading bullish contender for 2024.

Litecoin’s Downtrend Persists Despite Significant Whale Investments

Despite significant buying by large investors, known as “whales,” who have recently increased their stake in Litecoin by 2% to control 56% of its circulating supply, LTC continues to struggle. This interest indicates some investors see potential in LTC, yet the price continues to fall. Over the past month, Litecoin has declined by 17%, and with technical indicators like the MACD pointing downwards, prices might drop to $70.50 unless market sentiments improve.

Maker Token’s Price Tumbles Following Security Breach

Maker Token’s value fell more than 9% in a single day after a security exploit last Sunday. The stolen assets were swiftly converted to Ethereum, accounting for roughly 0.55% of MKR’s market capital. This incident led to significant selling pressure and highlighted the security risks in the crypto market. The breach involved tricking a wallet owner into authorizing fraudulent transactions, leading to notable financial damage.

BlockDAG’s Mainnet Launch and $2M Giveaway Create Excitement

BlockDAG Network is creating a buzz with its enticing $2 million giveaway, promising hefty rewards to 50 lucky members of its community. With more than 85,302 participants already, individuals can enter by engaging on social media, submitting their wallet addresses, completing various tasks, and encouraging friends to join. The contest will conclude in 38 days, with winners being selected randomly. Announced across BlockDAG’s platforms, this event has significantly boosted community engagement within the cryptocurrency market.

In addition, BlockDAG has accelerated the timeline for its mainnet debut, now set to launch in just four months—two months ahead of the initial schedule. The revised roadmap also sets a bold target of reaching $600 million by 2024, showcasing the project’s aggressive strategy and confidence in its future success.

This move to hasten the mainnet launch and establish ambitious financial benchmarks highlights BlockDAG’s strong market promise. The clear and detailed roadmap offers investors well-defined milestones, building trust and ensuring transparency in the often unpredictable crypto market. This forward-thinking approach distinguishes BlockDAG from its competitors, grappling with market volatility and various challenges.

Amidst the fluctuating crypto landscape, BlockDAG’s impressive $56.4 million from its crypto presale and strategic endeavors like the upcoming mainnet launch and thrilling giveaway have captured widespread attention. Positioned as a prime investment opportunity for 2024, BlockDAG blends a community-centric strategy with a solid, transparent roadmap, signaling its capacity for substantial growth and influence in the market.

Final Reflections

While Litecoin struggles with falling prices despite whale activity, and Maker Token reels from a recent exploit, BlockDAG is making headlines with a robust $56.4 million presale performance. The accelerated mainnet launch and generous $2M giveaway underscore its strategic foresight and investor trust. Currently in its 19th presale, having raised over a million dollars, BlockDAG’s rapid advancements and enticing incentives position it as a leading investment choice for 2024, promising both stability and growth in an unpredictable crypto climate.

Join the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG Rises, LTC & MKR Fall: Mainnet Launch and $2M Bonanza Outshine Crypto Rivals appeared first on Crypto News Land.

WadzPay’s WTK token gains momentum, with potential to hit $0.50 – $1.00 by year-end.

Excitement surrounds WTK due to upcoming tier-1 listings on major exchanges in July.

WadzPay focuses on creating a connected financial ecosystem while ensuring regulatory compliance.

In a recent interview, WadzPay’s Vice President of Sales for the MENA region, Amit Gondhalekar, shared insights that have sparked optimism among crypto enthusiasts. The project’s native token, WTK, has been gaining momentum.

$WTK Gm fam.This chart is for the blind ones.Breaking a 3 years trendline,Retesting it as support.You don’t hold a shitcoin to be scared of losing your hard earned money.T1 exchanges on the corner, minimum $0.50 – $1.00 by the end of the year. pic.twitter.com/bXCCDZ4VJ9

— CryptoHunter(WTK) (@Crypt0_Hunter_) July 6, 2024

Looking at the charts, WTK has broken a 3 year trendline and is retesting it as support. As the above post suggests, WTK could hit $0.50 – $1.00 by the end of the year.

The excitement centers around WadzPay’s upcoming tier-1 listings on two major exchanges in July. Following these announcements, WTK experienced a 60% price surge, with an additional 25% pump on July 1. 

Gondhalekar’s Insights 

These developments have fueled bullish sentiment, setting the stage for further growth upon listing.

Gondhalekar discussed three key aspects during the interview. 

First, Amit Gondhalekar highlighted the impact of blockchain technology on the financial landscape. WadzPay has strategically partnered with various entities, contributing to its progress. 

Second, he acknowledged the challenges faced by the project, emphasizing the need for awareness among industry leaders and regulatory compliance across borders. WadzPay has already obtained licenses in the UAE and plans to expand to other regions.

Additionally, Gondhalekar emphasized WadzPay’s innovative use cases. The project aims to create a more connected financial ecosystem while prioritizing customer interaction. 

As the project continues to adopt cutting-edge technologies, its commitment to regulatory compliance and customer-centric solutions positions it for success. The road ahead may be challenging for the WTK token . However, the latest project update has certainly ignited hope among investors and enthusiasts alike.

Read Also 

WTK Price Expectations Shoot to $1 by December as WadzPay Shares Latest Project Insights

WadzPay Pumps 25% Amid Tier-1 Listing Launch in July, How Much Will WTK Pump Once Listed?

Why WadzPay Token Price Is Skyrocketing, Up By Over 300%, More Bullish WTK Movement Still Expected

WadzPay Up by 60% in 24 Hours Following Tier 1 Listing Announcement, Can WTK Hit $5 This Crypto Bull Cycle?

WadzPay Unveils Blockchain-Based Loyalty Solutions: How High Will WTK Pump This Bull Cycle?

The post WadzPay’s Latest Project Update Fuels Optimism, Will WTK Reach $1 by December? appeared first on Crypto News Land.

Despite market volatility, Ethereum (ETH) surged 3.1% to over $3,500, showing remarkable resilience.

Analysts predict Ethereum could rally to $4,723.5 or higher, with a surge to $6,300 by late July 2024.

4lMt Gox sell offs and German dumping caused turbulence, but the market is recovering.

Following a dip in the general crypto market, Ethereum has shown remarkable resilience by regaining footing. The world’s second-largest cryptocurrency by market capitalization has surged by 3.1% in the past 24 hours, bringing its price to just above $3,500. 

$ETH (Ethereum)'s $4,723.5 target goes UNCHANGED, meaning a near +60% upside from here could still take place, and prices may be poised for even more… https://t.co/XXNLUGyvNy

— JAVON MARKS (@JavonTM1) July 5, 2024

This positive momentum comes after the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Ethereum without filing any charges. The SEC’s decision to close the investigation has provided a much-needed boost to the crypto market. 

Investors and traders had been closely monitoring the situation, fearing potential regulatory action against Ethereum. However, the lack of charges has alleviated concerns and allowed ETH to recover.

Despite the recent volatility, Ethereum’s overall performance remains impressive. The price of Ethereum has increased by 13.8%. over the past month. This resilience signals growing confidence in Ethereum’s long-term potential.

Bitcoin (BTC) is trading at $56,744 after gaining by 2.68% in the past 24 hours. The bullish sentiment from traders has contributed to this upward trend amid a 6.9% weekly dip.

Javon Marks, a crypto analyst, believes that Ethereum might rally to $4,723.5 or higher. Additionally, longer-term forecasts for Ethereum are optimistic. 

Some analysts predict a surge to over $6,300 by late July 2024, followed by a temporary dip to $3,700 before rallying to peak above $7,300 in March 2025. 

The Mt Gox anticipated selloffs and German dumping have significantly contributed to the recent crypto market turbulence. However, the market is regaining steadily as the dust settles.

Read Also 

Renowned Crypto Investor Offers Insights on Bitcoin Dip and Halving Event

Seasoned Trader Preaches the need for Courage to Buy Dips in a Bullish Market, Followed Closely by Patience

Bitcoin’s Bullish Turn After the $23.5K Dip: What to Expect?

Market Manipulation, Bitcoin ETF Outflows, FUD Rising; Crypto Dip Barrels on, Parabolic Trend on the Horizon

Crypto Market Suffers Huge Crash. Here’s Why.

The post Ethereum Gains 3% After a Significant Dip, What Should Investors Expect? appeared first on Crypto News Land.

Bitfinex Securities to refund Hilton hotel venture investors due to failing to meet the $500,000 funding goal by $158,000.

The Hilton hotel project, planned for El Salvador’s airport, raised only $342,000, falling short of its $6.25 million target.

El Salvador granted Bitfinex a digital asset service provider license in April 2023, reflecting its commitment to crypto innovation.

Bitfinex Securities, a digital asset platform, has announced that it will refund investors in its Hilton hotel project near El Salvador’s international airport. The project failed to meet the minimum funding requirement of $500,000, which is necessary to proceed.

The fundraising campaign for the Hilton hotel venture began on May 13. Unfortunately, by the deadline on June 11, it had only raised $342,000, falling short by $158,000. The overall goal was to raise $6.25 million, so the project could not proceed.

The public offering was intended to fund the construction of a five-story hotel. This establishment was designed to include 80 rooms, a swimming pool, and a garden, among other amenities. Investors were also offered complimentary nights and unlimited stays over five years, subject to a minimum investment of $1 million.

Investors were eligible for refunds if the fundraising goal was not met or the issuance of digital assets was canceled according to the refund clause. As part of the agreement, crowdfunders would receive a 10% coupon over a five-year period. The minimum investment required was $1,000 to acquire the HILSV token on the Bitcoin layer 2 Liquid Network, which granted partial ownership of the hotel.

El Salvador issued Bitfinex a digital asset service provider license in April 2023. This move demonstrated the country’s commitment to innovation in the cryptocurrency and finance sectors. The Hilton hotel venture was viewed as a step toward new capital markets in El Salvador. 

El Salvador is also considering establishing investment banks specifically for Bitcoin enthusiasts. These banks would provide better access to financial services with fewer restrictions than traditional banks.

Bitfinex Securities’ decision to refund investors demonstrates the difficulties of meeting funding targets in the digital asset space. Despite the setback, El Salvador continues innovating in crypto finance, signaling future opportunities for investors and the local economy.

Read Also

Upcoming Kempinski Floating Hotel in Dubai to Launch Crypto for Payments

Maestro Trading Bot Refunds 610 ETH to Users Following Router Exploit

Paris Hilton, Other Celebs Grace Decentraland’s Metaverse Festival Finale

The Sandbox Joins Paris Hilton: Iconic Fashion Meets Metaverse

iFinex Announces $150 Million Share Buyback Following Historic Bitfinex Hack

The post Bitfinex Securities to Refund Hilton Hotel Venture Investors appeared first on Crypto News Land.

Aethir Cloud operates 43,000 enterprise-grade GPUs and 3,000 NVIDIA H100 GPUs.

The company supports over 10 game studios with its extensive GPU infrastructure.

ATH token offers utility in Aethir Edge rewards, partner coin earnings, and future DeFi applications.

Aethir Cloud, a leading software company, has revealed impressive numbers that demonstrate its strong position in the sector. 

Aethir Cloud (@AethirCloud) statistics:• 43,000 enterprise-grade GPUs available • 3,000 state-of-the-art NVIDIA H100 GPUs• 80,000 additional top-tier GPU chips• 200,000+ users• 10+ game studiosThat’s impressive right? Then wait to you see what their token $ATH does.…

— hoeem (@crypthoem) July 5, 2024

Aethir Cloud is well-positioned to transform the computing power landscape, with access to an incredible 43,000 enterprise-grade GPUs and an additional 3,000 state-of-the-art NVIDIA H100 GPUs.

Furthermore, with over 80,000 top-tier GPU chips and a user base of over 200,000, Aethir Cloud is more than just a supplier, but a cornerstone in the world of cloud-based computing solutions. 

This enormous infrastructure not only supports its operations, but it also drives cooperation with 10+ game firms, indicating a huge step forward in the convergence of AI and gaming technologies.

In addition to its impressive hardware armament, Aethir Cloud stands out due to its native token, ATH, which offers multiple uses. Beyond simple trading, ATH has the ability to influence the direction of decentralized finance (DeFi) in the future. It can be used to facilitate the acquisition of partner currencies through clever AI and game partnerships, and act as a portal to Aethir Edge incentives.

ATH arises as a critical asset in a market that is becoming increasingly characterized by the integration of AI, GameFi, and DeFi. Its diversity in utility and potential for growth places it at the forefront of innovation across such growing sectors.

Aethir Cloud, with its ATH token, is set to spearhead a new age of technological partnership and economic opportunity as industries undergo continuous transformation.

This integrated ecosystem demonstrates not only Aethir Cloud’s key significance, but also ATH’s transformative impact in pushing past the limits of computing capability and financial innovation. 

Read Also

Powered by Qualcomm, Aethir Unveils Game-Changing Aethir Edge Device to Unlock the Decentralized Edge Computing Future

How Aethir Cloud Outperform RNDR as the Flagship GPU-as-a-Service Project in Crypto

Aethir Unveils Its First Decentralized AI Node Sale

Aethir Achieves Significant Milestones in Its Launch Month, Is ATH the Next RNDR?

Cathie Wood Predicts “Explosive Growth” in Bitcoin and AI Convergence

The post Aethir Cloud’s Massive GPU Expansion and ATH Token Integration Redefine AI and GameFi Convergence appeared first on Crypto News Land.

With the crypto market blazing with new opportunities, BlockDAG, in its daring mainnet launch, seeks to dethrone Kaspa with a projected 30,000x ROI, blending blockchain reliability with DAG’s efficiency to process transactions swiftly at minimal fees. Having amassed over $56.4 million by selling 12 billion coins in its 19th presale, BlockDAG also tantalizes with a $2 million giveaway, fuelling its drive in the crypto sphere.

Optimism Eyes Major Uptick Following Ethereum ETF Green Light

Following the SEC’s dismissal of its case against Ethereum, paving the path for ETH Spot ETFs’ acceptance on July 2, experts mull the potential price impacts on Ethereum and Optimism (OP), hinting at a 200% spike for the latter. Despite recent downturns, Optimism holds promise. Meanwhile, the new DeFi initiative, DTX Exchange, could see gains up to 2400%, outstripping stalwarts like Ethereum and Optimism.

VeChain’s New Mainnet, VeBetterDAO, Set to Propel VET and VTHO

With its forthcoming VeBetterDAO mainnet, VeChain is poised to elevate VET and VTHO values, incorporating quadratic funding and voting for equitable decision-making. The buzz is palpable as the HiVE Summit nears. After claiming testnet rewards and the final snapshot on June 23, users will transition mainnet B3TR for VOT3 from June 28-30. This launch heralds novel features like a dApp listing validator, staking programs, and upgraded governance.

BlockDAG’s Mainnet Prep: Poised to Eclipse Kaspa with Stellar ROI Prospects

BlockDAG nears a critical juncture with its mainnet debut, aiming for mid-August, following a successful Testnet that will iron out bugs over four months. The Peer-to-Peer Engine, combined with the Block & DAG Algorithm and seamless Metamask Integration, promises to elevate standards across the board. Dubbed the “Kaspa Killer,” BlockDAG leverages a Directed Acyclic Graph architecture to enhance transaction efficiency and scalability, addressing the blockchain trilemma of balancing security, scalability, and decentralization.

This strategic approach positions BlockDAG ahead of rivals like Kaspa. With the presale pulling in $56.4 million by Batch 19, the project’s robust investor engagement underscores its market stance. Analysts forecast a staggering 30,000x ROI, amplifying anticipation for its performance. With solid backing, BlockDAG is set to draw more developers and users, enriching its ecosystem.

Final Thoughts

With Ethereum’s ETF approval possibly catalyzing a 200% surge for Optimism, and VeChain’s VeBetterDAO mainnet launch promising innovative features and potential price boosts for VET and VTHO, the crypto landscape is vibrant. Yet, BlockDAG’s imminent mainnet launch steals the show, poised to revolutionize crypto with its advanced DAG architecture. Promising a mammoth 30,000x ROI and strong investor faith, BlockDAG’s entry is set to captivate more developers and users, firmly establishing it as a formidable force in the crypto race as it earns over $56.4 million in presale.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

The post BlockDAG’s Daring Potential: Eyeing Kaspa’s Territory with a 30,000x ROI as Optimism and VeChain Advance appeared first on Crypto News Land.

WIF memecoin is the top gainer among top 100 cryptocurrencies in the past 24 hours.

Solana holds a 9.64% market share in the memecoin space, outperforming Ethereum.

Memecoins represent 22% of the overall cryptocurrency market, with WIF contributing significantly to Solana’s success.

Solana’s WIF memecoin has risen to become the top gainer among the top 100 cryptocurrencies in the last 24 hours. This tremendous rise highlights WIF’s outstanding performance and its influence on the Solana ecosystem.

LATEST: @solana memecoin $WIF becomes the Top Gainer among the top 100 cryptocurrencies in the past 24 hours. pic.twitter.com/dcr1Ne9Emc

— SolanaFloor (@SolanaFloor) July 6, 2024

As per the most recent CoinMarketCap 2024 H1 report, Solana’s success can be attributed to WIF’s remarkable surge. Memecoins have emerged as the most popular asset type, comprising 22% of the entire market. Solana has a 9.64% market share in this sector, with WIF playing an important role in its success.

Over the last eight months, WIF has shown outstanding stability and consistent growth. This has established it as a dominant player in the market, with significant growth in 2024 pointing to a bright future for the Solana ecosystem.

As the cryptocurrency market evolves, more buyers are likely to be drawn to WIF’s stability and strength. This would further reinforce its position as a key asset in the Solana ecosystem. The good trend of WIF demonstrates its potential for long-term success. It also highlights the Solana platform’s ability to support high-performance assets.

The outstanding performance of WIF demonstrates both its potential and the wider range of capabilities available from Solana-based assets. WIF’s position in the market is expected to rise as it gains more traction, presenting greater chances for investment and growth.

WIF’s sustained success highlights its promising future in the ever-changing world of cryptocurrency investments. As more investors discover its worth, WIF is expected to be a dominant force in the market, cementing its position within the Solana ecosystem.

Read Also

This Altcoin Is the Biggest Gainer in the Last 7 Days

What Is THORChain and Why Is It the Top Weekly Gainer?

How Did dogwifhat (WIF) Surge Over 25% Overnight? Analysis & Predictions

Dogwifhat (WIF) at a Crucial Point: Can Bulls Rescue the Falling Memecoin?

Memecoin dogwifhat (WIF) Achieves Remarkable Milestone with $3.35 ATH

The post WIF the Popular SOL Memecoin Dominates as Top Gainer Boosting Solana’s Market Position appeared first on Crypto News Land.

Despite a 40% dip after the Better Tomorrow partnership announcement, VET faces resistance at the 50-day EMA and SMA but seeks support around the 200-day EMA. 

VeChain’s market condition shows less selling pressure despite price drops. Investors are interested in buying VET in the 2.9 to 3.2 cent range.

While corrections in Bitcoin may impact VeChain, upside volatility is expected. Price spikes above the 50-day EMA and SMA could lead to a significant rally.

VET’s price dipped by 40% since VeChain announced a partnership with Better Tomorrow. Despite this setback, VET is showing a bullish outlook. Currently, VET is facing resistance at the 50-day exponential moving average (EMA) and simple moving average (SMA). However, VET is simultaneously seeking support around the 200-day EMA.

$vet And here we are.This better be the bottom, we can't afford to fall much lower.Also with the oversold RSI, this is the perfect bounce region.I'm calling this to be a bottom. I'll admit my mistake if i'm wrong.#Vechain https://t.co/VZ2E41N5tl pic.twitter.com/3W0yBb9gjz

— abermix (@abermixcrypto) July 5, 2024

A breakout could be imminent if VET establishes and maintains this support level. However, a close below the 200-day EMA might push the price of VET to 2.9 to 3.22 cent range. This current price action represents a standard corrective move rather than a long-term downward trend. One encouraging aspect of VeChain’s market condition is the volume profile. 

Despite price drops, the decrease in volume indicates less selling pressure. Investors seem more interested in buying VET on a macro scale, particularly in the 2.9 to 3.2 cent range. This suggests that VeChain’s long-term strength remains intact. Comparing VeChain to Bitcoin, we find similarities. Any correction in Bitcoin could impact VeChain, but there’s also an expectation of upside volatility. 

Price spikes above the 50-day EMA and SMA may precede a significant rally. As of writing, the price of VeChain stands at $0.02, with a 12.09% increase in the last 24 hours. VeChain’s journey is marked by key support levels, potential breakouts, and long-term strength. While short-term volatility is expected, the overall outlook remains positive. 

Read Also 

XRP’s Historical Upward Price Pattern Repeats, Bull Run Now?

Shiba Inu Holds Strong Above 50-Day Average: A Bullish Signal for Investors!

VET’s Bullish Future: Anticipating a Surge Past $0.0943 in 2024

When Will VeChain’s VET Token Surpass the $0.0993 Milestone in 2024?

2024 VeChain Price Forecast: VET to Break Through $0.1032

The post VeChain (VET) at a Key Support Level, Is it the Beginning of an Uptrend? appeared first on Crypto News Land.

Taiwan Mobile secures VASP license, paving way for its own crypto exchange under Fusheng Digital.

New regulations in Taiwan tighten crypto operations, aiming to enhance market safety and consumer protection.

Taiwan Mobile’s entry into crypto may set a precedent for other regional telecom and tech giants.

The second largest telecom company in Taiwan, Taiwan Mobile, has obtained the Virtual Asset Service Provider (VASP) license from the Financial Supervisory Commission (FSC) recently. This strategic step enables the telecom titan to set up its cryptocurrency exchange trading marking its entry into the digital asset market.

Under the banner of Fusheng Digital, a subsidiary owned by Taiwan Mobile, the company has successfully navigated the regulatory requirements, including stringent Anti-Money Laundering (AML) protocols. This accomplishment not only paves the way for Taiwan Mobile but also solidifies its position as the 26th entity to hold a VASP license in the region.

https://twitter.com/kyle_chasse/status/1809100366581039610

Boosting the Local Crypto Ecosystem

The inclusion of Taiwan Mobile in the VASP space is expected to inject significant resources and expertise into the local crypto industry. Historically dominated by startups, the entry of a major corporation like Taiwan Mobile is set to provide a substantial boost. 

According to Zheng Guangtai, chairman of the Taiwan Virtual Asset Service Provider Association, the diversity and corporate backing brought by Taiwan Mobile will enrich the association’s collective experience and resource pool.

Regulatory Landscape and Industry Implications

The regulatory environment for cryptocurrencies in Taiwan is evolving, with the FSC tightening guidelines and imposing restrictions on foreign operators. These measures are designed to enhance consumer protections and ensure a more regulated market. 

Recent legislative proposals have even suggested severe penalties for AML violations within the VASP sector, reflecting a broader governmental push to instill discipline and safety in the market.

As Taiwan Mobile gears up to launch its cryptocurrency exchange, the industry watches closely. The company’s large customer base and technological prowess are expected to bring new dynamics to the crypto trading landscape in Taiwan. This development is a clear indicator of the growing acceptance and integration of cryptocurrency within traditional business models in Asia.

This initiative by Taiwan Mobile demonstrates a significant shift towards embracing digital currency solutions, potentially setting a precedent for other telecom and tech giants in the region. The broader implications for market growth and innovation in the crypto space are substantial, as traditional industries increasingly intersect with cutting-edge blockchain technology.

Read Also:

Taiwan Launches Cryptocurrency Industry Association: What Does This Mean for Global Regulation?

Taiwan Launches Virtual Asset Service Providers Association: A Game-Changer in Crypto Regulation

Taiwan Police Unravel Biggest Cryptocurrency Money Laundering Scheme

Taiwanese Trader Strikes Gold: Wins NT$10 Million From a NT$2 Crypto Purchase Invoice

ABS2024 in Taipei: AI, Blockchain, and the Future of Governance, 15,000 Attendees Are Expected

The post Taiwan Mobile Set to Boost Local Crypto Ecosystem with VASP License appeared first on Crypto News Land.

The US Securities and Exchange Commission (SEC) continues to wage its war on the cryptocurrency markets in the US, filing a lawsuit against ConsenSys over its Lido (LDO) offering. Since this news, Lido has crashed by 25%, and Ethereum has been struggling to maintain market dominance. This has left many to wonder if they should look to invest in newer, more cutting-edge crypto projects with less risk of being classified as securities.

Rollblock ($RBLK) is bringing an entirely new spin to the world of online casino gaming and looks set to become one of the hottest crypto launches in 2024. Rollblock brings the innovation and security of blockchain technology to the rapidly growing GambleFi market (set to grow to 800 billion by 2028). Analysts are tipping this coin to pump 800% in the short term!

Lido (LDO) Drops to $1.7 as SEC Begin Securities Investigation

Lido (LDO) has reacted to news of the SEC lawsuit with a strong selloff, falling below $1.71 and losing over 25% of its market cap in the last 30 days. Lido had been looking strong and rallied on news of the Ethereum ETF. However, the short term looks uncertain for the Ethereum staking protocol. 

Currently looking to find support in the $1.5 – $1.7 area, much of Lido’s outlook depends on the outcome of the lawsuit and investors should be prepared for volatility as the news cycle plays out. Any sign of a defeat for the SEC would make for a violent rally to the upside for Lido, and traders should be on the lookout for selling into resistance around $2.68.

Ethereum (ETH) Rallies into ETF Approval News But Future is Uncertain

The SEC’s recent decision to approve a spot Ethereum (ETH) ETF took the crypto industry by surprise, and holders were rewarded with a long-overdue pump to nearly $4k. Ethereum has since retraced almost the entire bullish impulse, as concerns over staking and securities violations have shaken the community.

Ethereum will no doubt continue to be seen as less of a risky play in the ecosystem, but it has been bleeding against Bitcoin for most of the bull run so far. If Ethereum bulls can step in and start buying, clearing the $4k level is the first major resistance and after that it won’t take long to reclaim all-time highs. 

Rollblock ($RBLK) Token Selling Out Fast as Casino Hype Grows

Rollblock ($RBLK) is gearing up for an incredible Q3, as its token RBLK moves rapidly through its presale stages. Based on the Ethereum blockchain, Rollblock offers players an unprecedented level of trust and transparency, as all bets and transactions can be verified on-chain.

Players can sign up without any need for KYC approval, meaning onboarding is as rapid as providing an email address and connecting a wallet. Investors can simply deposit crypto (Bitcoin, Solana, USDT etc.) and choose from over 100 amazing AI-powered casino games. The platform has a staggering variety of games, from much-loved favorites such as Blackjack and Monopoly to exclusive new launches such as Crazy Time. A much-requested sports betting feature is also in the works, which will allow for bets on events such as soccer, NBA and golf tournaments, and Formula 1 racing.

In-game rewards are paid out in the native RBLK coin. This has incredible utility on the platform and will no doubt become a renowned coin in the gambling niche, thanks to an innovative revenue-sharing scheme and impressive tokenomics. 

The casino has pledged to take a portion of their profit each week and buy RBLK on the open market, supporting its price through a persistent bid in the order books. These coins will be split 50/50 between stakers, who can earn some of the highest APY in crypto, and the rest burned forever to reduce the circulating supply. As hype grows and adoption soars, supply will dwindle on exchanges, meaning that prices will be forced violently upwards. Experts are predicting eye-watering gains of up to 800% even before the end of the presale!

Currently priced at $0.015 and only going north from here, the RBLK token is an obvious play for the next stage of the crypto bull market. Early adopters will be rewarded for doing their research and having conviction in this game changer for Web3. Rollblock is currently offering daily giveaways on their socials around the European soccer championship, so there has never been a better time to fill a bag and take a spin on RBLK!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/Socials: https://linktr.ee/rollblockcasino

The post Lido DAO (LDO) Drops 25% on SEC Investigation News; ETH Holders Are Switching To This New Ethereum Based Token Set To Skyrocket appeared first on Crypto News Land.

As BTC-oriented ETFs take center stage, BlockDAG’s meteoric 1,300% price jump leaves Polygon’s forecast of a “1,000% rise” trailing in the dust. Investors are flocking to BlockDAG for numerous reasons. The value of its native coin, BDAG, has climbed from $0.001 in its first batch to $0.014 in the nineteenth batch.

This solid presale performance, supported by a smart vesting strategy, has triggered predictions of a 30,000x ROI, crowning BlockDAG as the top long-term crypto investment. The platform has amassed nearly $56.4 million in presale funds, with investors snapping up over 12 billion BDAG coins.

Polygon (MATIC) Prediction: Can It Really Surge 1,000%?

The buzz is building as analysts hint at a 1,000% increase for Polygon (MATIC). Should these predictions hold, MATIC could hit $4 soon. Some even speculate that it might reach between $10 and $12 by the end of 2025.

This speculation has led to significant purchases by large investors on the Polygon platform, showing a generally positive sentiment. Yet, a recent 2% drop to $0.56 introduces a note of caution, revealing the unpredictable nature of the crypto market and casting some doubt on MATIC’s future.

Ether Spot ETFs Expected to Lag Behind BTC Versions

Though Ether Spot ETFs are nearing approval, analysis from broker Bernstein suggests they might not attract as much interest as Bitcoin ETFs due to the lack of ETH staking features. While these ETFs could enhance trading strategies and increase market liquidity, their overall appeal might be limited. However, the SEC’s recent nod to regulatory filings slightly brightens Ether’s outlook in the U.S.

Despite some price dips, Bernstein remains optimistic about Ether’s potential in tokenizing assets and facilitating stablecoin transactions. In contrast, JPMorgan points out that Bitcoin’s early lead might significantly overshadow Ether ETFs, potentially curtailing their demand. As regulations continue to evolve, the future of Ether Spot ETFs is still up in the air.

BlockDAG’s 1,300% Price Surge Sparks 30,000x ROI Forecast

The bullish trends surrounding BlockDAG are creating a buzz for many reasons. Unlike MATIC and ETH, BlockDAG’s presale structure minimizes exposure to market swings, aiming to provide investors with stable, long-term returns.

Picture this: a $10,000 investment ballooning to $140,000 in just a few months. That’s the reality for early BlockDAG investors who saw a 1,300% increase through the $54.9 million presale. This proven growth now sets the stage for a staggering 30,000x ROI in the coming years, far surpassing MATIC’s less certain 1,000% rise projection.

BlockDAG’s extensive presale, spanning 45 batches, allows investors gradual entry points, maximizing their returns. Additionally, with strategic vesting and $100 in liquidity at its launch, BlockDAG ensures its BDAG coin remains stable amidst market fluctuations.

Currently priced at $0.014 in its nineteenth presale batch, BlockDAG stands out as the ultimate long-term crypto bet. With its Mainnet Launch approaching in four months, BDAG’s price is projected to hit $1, and by 2030, it could soar to $30. If batch 1 investors have already secured a 1,300% ROI, imagine the gains for those entering now by 2030.

Final Words

BlockDAG’s proven 1,300% price surge effortlessly eclipses Polygon’s 1,000% increase forecast. Meanwhile, Ether Spot ETFs face a cooler reception compared to BTC versions.

Investors are rapidly aligning with BDAG in this crypto battleground, drawn by forecasts of a peerless 30,000x ROI in the years ahead earning $54.9 million in presale. With BDAG currently priced at $0.014 in batch 19, up from just $0.001 in batch 1, and predicted to hit $1 in 2024 and $30 by 2030, BlockDAG is hailed as the best long-term crypto investment available today.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkDiscord: https://discord.gg/Q7BxghMVyu

The post Thrills in Crypto: BlockDAG’s Epic 1,300% Surge Eclipses Polygon and Stirs Ether ETF Spectacle appeared first on Crypto News Land.

Bitcoin’s current $56,500 price aligns with the 38.2% Fibonacci level, acting as a support zone.

The 38.2% retracement level is vital for maintaining trends.

Markets staying above this level tend to persist in their current direction.

The 38.2% retracement level holds significant importance as it aligns with the ‘Golden Rule’ in trading. This rule states that any market intending to sustain its current trend must maintain above the 38.2% level. 

BTC is trading at $56,500, which perfectly aligns with the 38.2% Fibonacci level. This level acts as a support zone where increased buying interest could push the price back up. As long as this level is upheld, the trend is likely to persist, potentially reaching new highs or lows from this retracement point. 

https://twitter.com/Washigorira/status/1809259156454486061

Traders use the 38.2% Fibonacci retracement level to determine the trajectory of Bitcoin. This level was introduced by the Italian mathematician Leonardo Fibonacci. The sequence starts with 0 and 1, and each subsequent number is the sum of the previous two. 

Traders use these levels to pinpoint potential areas where an asset’s price might pause or reverse. For instance, the market sentiment remains bullish if Bitcoin trends upward but then retraces to the 38.2% level without falling further. 

The 38.2% level is considered a healthy correction within an ongoing uptrend. When Bitcoin’s price dips to this level, the market usually stabilizes before potentially moving up again. 

On the other hand, the upward trend often continues if the price holds steady and then increases.

Relying solely on Fibonacci retracement levels can be risky. 

Traders should use them alongside other technical analysis tools to confirm market trends and potential reversals. Combining Fibonacci levels with trend lines, moving averages, or momentum indicators gives traders a more comprehensive market view. 

The 38.2% Fibonacci retracement level is a crucial metric for assessing Bitcoin’s market direction. This makes it a valuable tool for traders navigating the volatile cryptocurrency market.

Read Also 

Bitcoin’s Monthly RSI and the Fibonacci Sequence: Predicting Market Turns

XRP Weekly Analysis: A Glimpse into Waves and Fibonacci Levels

Bitcoin’s Historical Cycles with Fibonacci Indicate Potential Surge to 44K-48K in 70 Days

Cardano’s Bullish Signals Point to 82% Upside Potential

Dogecoin’s Golden Run: Charting Potential Bull Run Peaks

The post Bitcoin Bull Market Is Still On, Fibonacci Levels Suggest Strong Bullish Momentum Ahead appeared first on Crypto News Land.