Trading bots have become increasingly popular in today’s financial markets. These computer programs use algorithms to analyze market data and execute trades automatically. They operate based on pre-set rules and can function without human intervention once set up. This can save traders time and effort, especially in fast-paced markets. Trading bots offer several advantages that
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The recent release of the US jobs report fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This disparity in numbers has caused mixed reactions in the market, particularly with Bitcoin prices seeing a surge towards $57,000. The discrepancy in job creation has raised concerns about the
The recent data suggests that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped significantly compared to earlier this year. This decline in UTXOs aligns with the current downward trend in bitcoin’s price and the broader cryptocurrency market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the start
Toncoin (TON) had a promising start in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency took a nosedive towards the end of August, currently trading at around $4.80, marking a 40% drop from its peak. The downfall began following the arrest of Pavel Durov, founder and CEO of Telegram, in
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase, the largest US crypto exchange. The lawsuit, filed by shareholders, accuses Coinbase of downplaying the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge, Brian Martinotti, rejected Coinbase’s motion to dismiss the lawsuit, acknowledging
As the global economy faces uncertainty amidst the troubling forecasts of a US recession, popular crypto analyst Dan Gambardello recently shared his insights on the potential future of the Cardano (ADA) price. With a significant following on YouTube, Gambardello highlighted the unease among ADA holders and crypto investors in general. Drawing parallels between historical S&P
Arthur Hayes, the co-founder of BitMEX, recently shared his pessimistic views on the immediate future of the Bitcoin price. In his X profile, Hayes admitted to taking a short position on BTC and expressed his target of sub $50k for the weekend. Despite not providing explicit reasons for his prediction, Hayes’ statement coincides with the
As the ApeCoin ecosystem continues to evolve, a clear Blueprint has been established to guide its future development. At the core of the ecosystem lies the blockchain layer, known as ApeChain, which is dedicated to enhancing the experience for both developers and users within the ecosystem. With a focus on improving the visibility of decentralized
The crypto market is highly responsive to news, trends, and community discussions, making it essential for investors to have a deep understanding of the narratives shaping the industry. According to Santiment, a crypto research and intelligence platform, these narratives play a crucial role in influencing market movements and can provide investors with a competitive edge.
The summer of 2024 has brought a familiar story for Bitcoin investors, as the price of the leading cryptocurrency has experienced significant weakness. Since the beginning of June, Bitcoin has been facing downward pressure, with multiple flash crashes shaking the market. The price has plummeted from over $70,000 to below $50,000 at one point, causing
Robinhood’s crypto division recently settled a California investigation by agreeing to pay a $3.9 million fine. The investigation revealed that Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022, leading to issues with transparency and user control over their investments. This lack of access to assets raises concerns about the company’s
The recent hacking incident involving the Indian crypto exchange WazirX has sent shockwaves across the cryptocurrency community. The hacker responsible for the theft of over $235 million has taken advantage of sanctioned Tornado Cash to launder around $10 million in the past 24 hours. This has raised serious concerns about the security measures in place
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual with a diverse skill set. Despite initially falling victim to a Ponzi scheme that utilized crypto as payment, Edyme did not let this setback deter him. Instead, he leveraged this experience to delve into the world of crypto and conduct over three years
The Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, has recently announced that they are now accepting crypto donations through Coinbase Commerce. This decision came after some initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York. Haas
X Empire is not just your average tap-to-earn crypto game; it is a revolutionary experience that combines the thrill of virtual mining with the allure of cryptocurrency. Players engage in mining activities by simply tapping their screens, generating in-game currency in the process. This currency, known as $XEMP, can be converted into the game’s native
The recent price volatility in the Bitcoin market, with a crash below $50,000 last month, has raised concerns among investors. This significant drop has slowed down the momentum of the anticipated bull run that many analysts have been predicting. Despite the current price lull, some crypto experts believe that the Bitcoin bull run is still
The US Securities and Exchange Commission (SEC) recently brought charges against hedge fund Galois Capital Management LLC for its mishandling of a private fund that predominantly invested in cryptocurrency assets. The SEC alleged that Galois Capital failed to adhere to client asset safeguarding regulations, especially regarding cryptocurrencies classified as securities. As a result, Galois Capital
Bitcoin’s price has been fluctuating due to various economic factors, including the looming threat of a US recession. With Bitcoin dropping from $59,076 to $57,127 during the early Asian trading session, it closed the week at $57,565. The uncertainty in financial markets due to the potential recession is affecting the trajectory of Bitcoin’s price movement.
Despite the completion of the highly anticipated Chang upgrade, Cardano has experienced a drop in price. The Chang hardfork brings several key changes to Cardano, such as on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure with cost model improvements. Now, ADA holders have the ability to vote directly on governance
Arthur Hayes, the co-founder and former CEO of BitMEX, has recently predicted that Bitcoin could potentially decline to $50,000 amidst the current market downtrend. He has expressed concerns about the broader macroeconomic environment, particularly focusing on the actions of the Federal Reserve and dynamics within the US Treasury market. Hayes remains long on Bitcoin and
WazirX has initiated the second phase of its fiat currency withdrawal process earlier than planned, starting on Sept. 3 instead of the original date of Sept. 9. This decision comes on the heels of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the
Samuel Edyme, also known by his moniker HIM-buktu, is a multifaceted individual with a wide array of skills and experiences. As a web3 content writer, journalist, and aspiring trader, Edyme has navigated through the turbulent waters of the crypto universe with resilience and determination. His journey into the world of cryptocurrencies did not begin on
Ripple has recently revealed that Yonsei University in South Korea has become a participant in its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University to Ripple’s global UBRI partnerships, totaling 58 institutions worldwide, with 12 of them based in the Asia Pacific region. The focus of this partnership is
The U.S. Securities and Exchange Commission recently announced a new set of charges against Galois Capital, a crypto-focused advisory firm with client assets at FTX. As a result of these charges, Galois has agreed to pay a civil penalty of $225,000, which will go towards compensating harmed investors. The SEC discovered that Galois failed to
Mobile gaming enthusiasts are eagerly anticipating the release of Rebel Skies, a new game developed by the American studio Faraway Games. This innovative game is set to launch in October 2024 and is generating excitement due to its unique combination of action, real-time strategy (RTS), and deck building genres. Rebel Skies represents a significant shift
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently brought attention to the necessity of developing specialized S-1 registration forms tailored specifically for digital asset securities. During a speech at the Korea Blockchain Week 2024 event, Uyeda underscored the importance of adapting the SEC’s regulatory tools to accommodate the unique characteristics of digital
The Ethereum market is currently experiencing a significant shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown a concerning trend. An increase in this metric often suggests that traders are moving their ETH onto exchanges in