Today's crypto market capitalization is at USD 2.11 trillion or equivalent to IDR 33,682 trillion, strengthening by around 2.47 percent in the last day. The crypto with the largest market capitalization, Bitcoin (BTC) is strengthening again. Bitcoin rose 1.10 percent in 24 hours and 9.83 percent in a week. Illustration of various crypto assets.
The price of Bitcoin and other top cryptos was observed to experience uniform movements on Tuesday (13/8/2024). The majority of top cryptos were observed to be back in the green zone.
Based on data from Coinmarketcap, the crypto with the largest market capitalization, Bitcoin (BTC) is strengthening again. Bitcoin rose 1.10 percent in 24 hours and 9.83 percent in a week.
Bitcoin Forms Third Local Low of 2024, Rebound on the horizon?#BTC $BTC Bitcoinâs (BTC) recent decline signals a possible third local low of 2024, sparking discussion among the crypto community about the future direction of the leading cryptocurrencyâs price.
Over the weekend, CryptoQuant released a new analysis highlighting a bullish trend in the Network Value to Transaction Golden Cross (NVT-GC) indicator, suggesting that a price rally could be imminent.
Mixed Signals for Bitcoin
Cryptopolitan reports that BTC has been on the decline in recent weeks, with some analysts warning of further downside for BTC/USD due to moving averages (MAs) showing death cross signals.
#Supra Oracles: A Bridge to Decentralized Digital Finance
$BNB
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Supra Oracles: A Bridge to Decentralized Digital Finance
Posted on March 05, 2024 in
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One of the developments in the world of blockchain is the presence of decentralized oracle solutions. This system essentially allows the blockchain platform to access data from external sources outside the blockchain network, such as price information, weather data, or financial data.
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Among the major providers of secure and scalable oracle solutions for decentralized applications (dApps) is Supra oracle. For your information, Supra is a protocol that connects Web2 and Web3.Â
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Web2 refers to the internet as it is commonly known today, while Web3 is a form of the internet that relies primarily on blockchain technology. With Supra, applications from Web2 and Web3 can connect to each other and exchange data.Â
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This can be realized through the use of smart contracts, which are computer programs that operate within a blockchain network. So, to understand more about Supra Oracles, from understanding to partnerships with Google Cloud, see the following review!
#bitcoin DOWN, WHAT DOES ROBERT KIYOSAKI RESPOND $BTC
A well-known entrepreneur and author of well-known financial books, namely Robert Kiyosaki, shared his opinion regarding the asset Bitcoin (BTC), which he envisions as an asset to rely on when inflation is experiencing a fall. On Monday (24/6/2024) via his official X account, Kiyosaki made it clear that currently many people are busy selling the Bitcoin they hold.
âBitcoin prices are plummeting. Many people will sell. Meanwhile, I will buy more," said Kiyosaki
In his explanation, Kiyosaki stated that all markets, including cryptocurrencies, also experience what is called a cycle of ups and downs. For this reason, according to him, many people make money by 'trading', namely buying when the price is low and selling when the price is high.
However, in this case, he also warned that short-term trading could be subject to high taxes.
"For trading any asset there is tax, especially short-term capital gains tax," said the author of the book 'Rich Dad Poor Dad'.
The crypto market is still in a storm. The prices of bitcoin (BTC) to ethereum (ETH) are still experiencing correction to this day. In fact, in seven days the two crypto coins have corrected up to 4%.
In trading Monday (17/6/2024) at 16.15, the price of bitcoin (BTC) fell 0.48%, as did Ethereum (ETH) fell 0.71%.
Even though several coins in the crypto market are experiencing correction, this actually represents an opportunity for crypto investors and traders.
2277395960#BinanceShows Dominance in the Crypto World with 200 Million Users, Steady
5.36%
Cryptoharian â One of the largest crypto exchanges in the world, namely Binance, has announced a major achievement. From the X Binance account upload, currently the company founded by Changpeng 'CZ' Zhao has reached 200 million global users as of June 8.
In an enthusiastic tweet, Binance marked the occasion by thanking its users.
âToday, we celebrate 200 million users and it's all thanks to you! Your support is at the heart of our journey to 1 billion users. You are the star of our journey!," wrote Binance.
Meanwhile, according to cointelegraph.com, this achievement is part of Binance's ambitious goal to reach one billion users. This means that one in eight people on earth will use their platform.
Binance's user base has experienced rapid growth over the past few years. As of 2022, the exchange has around 130 million users. Then by the end of 2023, this number had increased to 170 million, with 40 million new users joining within the year.
Entering 2024, the first half of Binance will add at least 30 million more users. Experts also predict that this company has the potential to reach 300 million users by 2026, if current trends continue.
Also Read: BNB and ORDI Show Overbought Signals and Potential for Correction
Apart from that, the global crypto market is also experiencing significant expansion. According to research from Triple-A, the global crypto consumer install base reached 562 million people in 2024, up from 420 million in 2023. Binance's 200 million users represent about 36 percent of the total global crypto user base.
Celebrating Crypto Literacy Month 2024, the Door to Crypto Asset Education and Literacy for the Community $BNB
The Indonesian Crypto Asset Traders Association-Indonesian Blockchain Association (Aspakrindo-ABI) has held a series of Crypto Literacy Month (BLK) 2024 throughout the month of May 2024.
PT Pintu Kemana Saja (PINTU), which is also a member of Aspakrindo-ABI, is holding various educational and interesting activities to support BLK 2024 which focuses on education and literacy regarding crypto assets for the Indonesian people.
"We appreciate the BLK 2024 event which was able to achieve extraordinary achievements with various educational activities both online and offline. PINTU also took part in BLK this time, where throughout May we held a Podcast, then a Workshop at Airlangga University, and Stand-Up Comedy in Surabaya. "We are very proud that all the activities we carry out receive support from the Commodity Trading Futures Supervisory Agency (BAPPEBTI)," said General Counsel PINTU and Secretary General of Aspakrindo-ABI Malikulkusno Utomo (Dimas) written on Thursday (6/6/2024).
A number of sentiments are expected to increase the valuation of crypto coins in 2024. For investors, it is worth noting that there are several coins that are predicted to bring in multiple profits.
According to Nasdaq.com, not only are interest rates expected to fall, but upcoming ETFs are also expected to be approved for several leading cryptocurrencies.
As the investment landscape improves, investors' risk appetite will return. This means that one can increase his overall profits (and also his risk-adjusted rate of return) by investing in these assets.
Therefore, here are three crypto predictions to help investors understand the market:
Bitcoin (BTC)
The highly anticipated Bitcoin (BTC-USD) halving event later this year is definitely happening. Since there will be no more Bitcoins, its maximalists will tell you that there is no need to use other networks either.
Among the most passionate and knowledgeable, Bitcoin is considered the only true cryptocurrency. The rest were derided as failed projects or frauds. This perspective has several benefits. Blockchain technology essentially does not contain the often advertised benefits of decentralization, security, or immutability.
Memecoin enthusiasm has spread to various groups, including teenagers. One of them is a 13 year old teenager.
Through his YouTube channel, he shared his story of creating a meme coin called $DIDID in a video lasting more than four minutes. Zeus revealed that he was inspired to create a memecoin after watching a video from Hami The Hamster.Â
âWhen I saw the video, the idea came to my mind to have my own memecoin, and I created DD duck,â he said.
Zeus revealed that he needed up to a week of preparation, which included creating a website and various social media channels.
However, like most meme coins circulating, $DIDID also experienced a drastic price drop after the first 30 minutes of launch.Â
Currently, according to Dexscreener, the market capitalization of $DIDID is US$321 thousand with the token price dropping more than 40% in the last 24 hours.Â
Up in arms! 50 Banks Ready to Integrate with Coin Pi Network After Open Mainnet
Jakarta, Beritabulukumba.com â The crypto world is excited again with the integration of the Pi Network project with 50 banks around the world.
This assertion, coupled with alignment with the global banking ecosystem, has sparked intrigue among digital currency enthusiasts.
Pi Network is positioned as a new cryptocurrency project that differentiates itself through its innovative approach to mining.
Unlike Bitcoin, which requires specialized hardware and massive computing power, Pi Network allows users to mine cryptocurrency using their smartphones.
This accessibility democratizes participation in the crypto world, avoiding the need for hefty investments.
Thus, its integration with 50 banks and compliance with global banking entity standards strengthens Pi Network's vision and mission.
This achievement is a testament to the network's ambition and potential to bridge the gap between traditional banking and the emerging crypto landscape.
Digital Banks in the UK Will Block Customer Accounts for Crypto Transactions
#BTC According to the bank's updated terms and conditions, starting May 30, 2024, Kroo will reject bank transfer requests or card transactions related to cryptocurrencies.
London-based digital bank Kroo has banned its customers from carrying out cryptocurrency transactions. The bank attributed this decision to the increasing association of crypto with fraud. Kroo joins fellow banks Starling Bank and Chase UK in blocking clients from engaging in crypto transactions.
According to the bank's updated terms and conditions, starting May 30, 2024, Kroo will reject bank transfer requests or card transactions related to cryptocurrencies.
"We may freeze or limit your account if you use your account to purchase or trade cryptocurrency or you receive credits to your account arising from cryptocurrency trading or transactions," the bank said in an official notice, quoted from Bitcoin.com, Wednesday (29/5/2024).
The bank added that if it detects such activity, it will not process the payments involved, and if the customer continues to make such transactions, the bank can close the customer's account.
The digital bank also warned it would take similar action if there were other legitimate reasons. Kroo also urged clients affected by these new conditions to instruct payment recipients who made direct debits to their accounts to stop such payments.
Crypto Spotlight: Bitcoin Volatility, Hope in Ethereum Spot ETF, and Furrever Token Presale Tops US$1.2 Million Open App
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Crypto Spotlight: Bitcoin Volatility, Hope in Ethereum Spot ETF, and Furrever Token Presale Tops US$1.2 Million
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Published 05/28/2024, 15/47
Crypto Spotlight: Bitcoin Volatility, Hope in Ethereum Spot ETF, and Furrever Token Presale Tops US$1.2 Million
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BTC/USD
-0.22%
ETH/USD
-1.67%
Blockchainmedia - Crypto highlights include news about the volatility of Bitcoin (BTC) which has the potential to be suppressed, expectations from the Ethereum Spot ETF regarding the fate of the next price of ETH, as well as news regarding the Furrever Token presale which is approaching the final stages of presale.
Crypto Highlights, Bitcoin Faces Risk of Price Drop Due to Latest MtGox News
The first crypto spotlight is on Bitcoin (BTC), the leading cryptocurrency by market capitalization, currently experiencing a potential price decline risk that is causing concern among investors.
This volatility has been significant since last week amid news that the US SEC may approve an Ethereum ETF at the end of the week. The news sparked several rallies, culminating Tuesday with a surge of nearly US$72,000, a level not seen since early April.
However, the excitement began to fade over the next few days, and BTC prices fell to US$66,400 on Thursday, just hours before US regulators approved eight proposed Ethereum Spot ETFs that will trade on US stock exchanges. At this point, the bulls stepped back in, starting another rally that helped Bitcoin recover some ground and approach US$70.000 over the weekend.
Crypto asset investment platform PT Utama Aset Digital Indonesia or Bittime became the third largest crypto exchange in Indonesia within 15 months of operations, based on CoinGecko data.
âBittime places great importance on security, convenience and diversification of crypto assets for its users. "This is the main reason why Bittime is loved by users," said Bittime CEO Ryan Lymn in an official statement in Jakarta, Wednesday.
Ryan explained that his party provides complete and varied tokens, and is committed to providing the newest and most popular meme and hype tokens on the crypto asset market.
"Currently, users have reached more than 500 thousand people and continue to grow," said Ryan.
Apart from that, he continued, the company also presents a staking product, which helps users earn stable returns during the token ownership period.
Meanwhile, the crypto assets supported by staking products include several mainstream tokens to popular meme tokens.
Bittime's staking product has received official permission from the Commodity Futures Trading Supervisory Agency (Bappebti), Ministry of Trade, where currently there are only two crypto asset exchange platforms that have this permission in Indonesia.
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