The price of Dogecoin has fallen by 4% today, declining to $0.4334 as the crypto market as a whole loses 2.5% in the past 24 hours. Despite this fall, DOGE remains up by 5% in a week and by 105% in the past month, with the meme token also sitting on an impressive 325% increase…
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Ethereum Price Slumps 4% After $4,000 Breakout Failure, But History Suggests More Upside Coming
The Ethereum (ETH) price is pulling back after running into a wall of resistance at the $4,000 level, and was last down around 4% this Monday in the $3,800 area. A bearish divergence on its 14-day Relative Strength Index (RSI) chart, which also recently just dropped back from overbought conditions, suggests continued near-term downside is…
CoinMarketCap Launches ‘S&P 500’ for Crypto
CoinMarketCap, a major provider of crypto market data, has launched the CoinMarketCap 100 Index (CMC100 Index), which measures the performance of the top 100 cryptocurrencies by market capitalization. According to the press release shared with Cryptonews, the novel index aggregates market prices from validated CoinMarketCap data sources. It’s refreshed every five minutes and calculated in…
El Salvador to Adjust Bitcoin Policy for $1.3 Billion IMF Loan
El Salvador is reportedly revising its crypto policy, making Bitcoin acceptance optional as part of a $1.3 billion loan agreement with the International Monetary Fund (IMF). According to a recent report by the Financial Times, the agreement includes dropping the legal requirement for businesses to accept Bitcoin as payment. This move addresses concerns raised by…
Schiff Brands Bitcoin ‘Public Enemy #1’ Amid Bitcoin Reserve Talks
Peter Schiff, a prominent gold advocate, has labeled Bitcoin a national security threat and “public enemy number one.” His criticism comes amid growing discussions among U.S. federal and state governments about the potential creation of a Bitcoin reserve. Schiff’s Concerns Grow Amid Trump and Senator Lummis’s Bitcoin Reserve Plans On December 8, Schiff expressed his…
XRP Price Targets $5 as Whales Load Up – Is Another Surge Coming?
The XRP (XRP) price has dipped substantially back from the multi-year highs it hit last week in the $2.90 area and was last trading around $2.40, but whale activity on the XRP Ledger remains strong. While $XRP dropped from $2.90 to $2.22, whales bought the dip. They purchased over 120 million #XRP, totaling $288 million!…
Coinbase CEO Calls SEC Commissioner Caroline Crenshaw A ‘Failure’
Coinbase CEO Brian Armstrong took to X Monday, December 9 to bash United States Securities and Exchange Commissioner (SEC) Caroline Crenshaw as the Senate Banking Committee will vote on her renomination for the role this week. Coinbase CEO Brian Armstrong Bashes Caroline Crenshaw “Caroline Crenshaw was a failure as an SEC Commissioner and should be…
Iran To Regulate Not Restrict Crypto, Says Finance Minister
Iran’s Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has revealed the government’s plans to regulate cryptocurrencies instead of imposing outright restrictions. Speaking at a national event, Hemmati emphasized leveraging digital assets to mitigate economic challenges, including U.S. sanctions, and creating opportunities for youth employment. He noted that cryptocurrencies fall under the jurisdiction of the…
Australian Blockchain and Crypto Firms See 14% YoY Decline in 2024
Australia’s blockchain and cryptocurrency sector faced a significant downturn in 2024, experiencing a 14% year-on-year decline, according to KPMG’s Australia Fintech Landscape 2024 report. The study revealed that over 7% of the country’s fintech companies ceased operations this year, with the blockchain and crypto markets hit the hardest. Australia’s Fintech Sectors Shrinks For Second Year…
Crypto Scam Targets Web3 Workers with Fake Meeting Apps
Web3 workers are being targeted by a sophisticated phishing scam that uses fake meeting apps to steal sensitive information and crypto. According to a report by Cado Security Labs, the attackers employ AI to craft convincing websites, blogs, and social media profiles for fictitious companies. These platforms are then used to lure victims into downloading…