Category: Crypto

The Australian Securities and Investments Commission (ASIC) announced today that it has dismantled over 600 cryptocurrency scams in the past 12 months. This announcement comes as ASIC marks the first anniversary of its investment scam disruption initiative, revealing that more than 7,300 phishing and fraudulent websites have been taken down over the past year. Australians Lost $1.3B to Investment Fraud in 2023 “Australians are still losing billions of dollars each year to scams,” said ASIC Deputy Chair Sarah Court. She emphasized that the rapid evolution of the criminal landscape is…

The Bitcoin (BTC) Hash Ribbons indicator, a metric that uses 30-day and 60-day moving averages to measure difficulty and financial challenges for miners, has signaled the potential end of miner capitulation, according to data from CryptoQuant. When the 30-day moving average of the indicator crosses over the 60-day moving average, this signals an end to miner capitulation, as miners shift to more efficient mining equipment and re-enter the market. The Bitcoin Hash Ribbons indicator 2020-2024. Source: CryptoQuant This often coincides with price bottoms for the scarce digital asset, according to…

[PRESS RELEASE – Sydney, Australia, August 19th, 2024] With over AUD$2 billion in total sales to date, Easy Crypto today announces the launch of a new ‘beginner wallet’ aimed at Australians looking for an easier way to buy, swap, hold and sell their crypto. Easy Crypto, New Zealand’s largest non-custodial cryptocurrency exchange, is expanding its trans Tasman presence in Australia with its first Australian wallet aimed at those new to crypto. The Easy Crypto Wallet has been designed to deliver the simplest and safest experience for anyone looking to manage…

Ether price has been in a significant downtrend despite the historical launch of the first Ether-based exchange-traded funds (ETFs) in the United States. During the past month, Ether (ETH) price fell over 24% to trade at $2,572 as of 10:11 am UTC, Aug. 19, according to Cointelegraph data. ETH/USD, 1-month chart. Source: Cointelegraph Despite the much-awaited launch of the first Ether ETFs, the historical debut could not bolster Ether’s price. Moreover, ETFs could be a significant reason behind Ether’s price decline, since the US ETH ETFs recorded a cumulative $420.5…

TL;DR Ripple was fined $125 million for violating certain securities laws, and while the company sees it as a victory, the SEC might appeal. SHIB’s valuation has dropped over 25%, with signs of declining investor interest and reduced whale activity. Despite a 12% price decrease, analysts suggest Bitcoin (BTC) may soon break out and reach new highs. Ripple v SEC While the legal battle between Ripple and the US Securities and Exchange Commission (SEC) witnessed a major development earlier this month, some experts believe the case is far from over.…

The most talked about topic in crypto in recent months has been the proliferation of The Open Network (TON) blockchain and its native token, Toncoin. Initially developed in 2018 by the eponymous encrypted messaging app, TON was described as a platform for decentralized applications and services. TON’s connection to the Telegram messaging app helps to capture the attention of the latter’s audience, and with a simple connection process, it’s easy for Telegram users to start exploring the TON blockchain. Another important factor is the TON Foundation’s focus on building a…

In a post on X on Aug. 16, crypto ESG advocate and researcher Daniel Batten posted a rebuttal to an Aug. 15 IMF report on Bitcoin mining emissions. He argued that the IMF report uses flawed rhetorical techniques, such as “guilt by association,” by linking Bitcoin mining with AI data centers’ energy consumption. The report titled “Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help” bundled crypto and AI together, labeling them as “power hungry” threats to the environment. Another Central Bank Attack Piece Batten said…

Bitcoin (BTC) sought a reclaim of $60,000 into the Aug. 18 weekly close as “out of hours” BTC price action saw strength. BTC/USD 1-hour chart. Source: TradingView Ichimoku crossover leads bullish BTC price signals Data from Cointelegraph Markets Pro and TradingView showed new local highs of $60,271 on Bitstamp on the day. Despite the absence of traditional market traders, BTC/USD slowly edged higher throughout the weekend, while price indicators hinted at continued upside to come. Analyzing the Ichimoku cloud on daily timeframes, popular trader Titan of Crypto flagged a key…

Ripple’s Chief Technology Officer, David Schwartz, will be attending the Permissionless conference later in October in Salt Lake City. Interestingly enough, when he tweeted about his appearance and participation, this triggered a discussion revolving around the specifics behind perimissioned, semi-permissioned, or trusted networks or, at the very least, their categorization as such. The digital asset researcher going by the X username Anders brought up a question to Schwartz, asking: “What’s your thoughts on XRPL being described as “permissioned,” “semi-permissioned,” or “trusted” in a lot of documents from various organizations? In…

Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing (HPC) sector by 2027, according to investment firm VanEck. “AI companies need energy, and Bitcoin miners have it,” VanEck stated in an Aug. 16 report. The firm believes that Bitcoin miners, which face profitability risks from volatile operating costs and Bitcoin’s (BTC) price fluctuations, may find it beneficial for their financial positions to redirect some of their energy capacity towards the…