Crypto news

Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied offering payment options in digital currencies. Bitcoin Dominates Transactions According to TRM Labs, the overall...

El Salvadoran president Nayib Bukele is advancing a proposal that will create ‘Banks for Private Investment’ (BPI) offering increased financial services with fewer restrictions to Bitcoin and Dollar investors. Bukele has been a proponent of Bitcoin adoption in the country, making it BTC legal tender in 2021. In fact, El Salvador was the first nation to do so. As his second presidential term rolls on, he is pushing for the introduction of BPIs working differently than the country’s traditional...

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. This is not a good sign, as the cryptocurrency recently broke above a large descending channel but has struggled to continue higher, making it a fake breakout. The...

Ethereum’s rally has come to a halt, as the price has failed to continue above the $4,000 level once more. However, not all hopes for a new bull run are lost just yet. Technical Analysis By TradingRage The Daily Chart The price has been decreasing in the last two weeks based on the daily timeframe of the ETH/USDT chart. This short-term downtrend has begun since the cryptocurrency has been rejected from the $4,000 resistance level once again. Currently, the $3,500 level...

For small businesses looking to leverage cryptocurrency for practical benefits, platforms like HeroPay provide a straightforward, secure, and cost-effective solution to accept crypto payments. With global reach, flexible settlement options, and robust security measures, HeroPay enables small businesses to engage with a growing customer base and manage their finances effectively. Enhanced Security and Cost Efficiency HeroPay offers a secure platform for small businesses to accept...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a normal retest, considering the massive breakout after the ETF confirmation. As long as buyers hold the price above $3,500, there is no reason to be too...

With the crypto bull run in its early stages, investors are accumulating nascent tokens promising a massive price increase in the short term. DTX Exchange (DTX) is one of the tokens experiencing incredible demand as its public presale grows in popularity.  On the other hand, Dogecoin (DOGE) and Optimism (OP) are fighting hurdles that prevent them from joining top altcoins in the rally, increasing the likelihood that DTX will reach $5 before them. Explore DTX, DOGE, and OP. ...

Crypto AI trading platforms in cryptocurrency are becoming common due to their ability to help analyze large databases to make better trades. These platforms leverage AI algorithms to learn and operate in the perpetually evolving cryptocurrency market. Investors are turning to these platforms to maximize their profits and become millionaires by 2024. As we look ahead, three AI trading platforms stand out as potential paths to millionaire status: RCO Finance (RCOF), Bitsgap, and Octobot. 1....

Canadian singer, rapper, and songwriter Drake has placed two bets of $500,000 each on the NHL’s Edmonton Oilers and the NBA’s Dallas Mavericks to win the Stanley Cup and NBA finals, respectively. However, these teams winning their leagues looks highly unlikely as they have registered three losses and zero wins so far. Drake placed the bets using BTC on Stake, a popular online crypto casino he is often known to frequent and livestream his gambling activities. He posted on Instagram, “Dallas...

Ever since mid-January, when the 11 spot Bitcoin ETFs saw the light of day, Grayscale’s converted GBTC has been at the forefront of outflows. This eventually resulted in losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. In the last two trading days of this week, though, the tides changed, and this negative award went to Fidelity’s FBTC. Data from FarSide shows the overall outflows for the week, in which four out of the five trading...