Global CRYPTO News

2023-07-08 15:30:00 ​Two teenagers arrested in Canada after stealing $4.2 million in cryptocurrencies

Two 17-year-old residents of Hamilton, Canada, have been charged after stealing $4.2 million in cryptocurrencies from a US citizen through phishing. This is reported by local media.

The investigation began in June 2023. According to the case file, the teenagers pretended to be the support service of the cryptocurrency exchange Coinbase and tricked the victim into transferring $4.2 million in Ethereum and bitcoins to them.

Some of the stolen funds were used by the defendants to buy the nickname @zombie on Instagram.

According to the police, in total, the detainees had more than $13.4 million in cryptocurrencies.

They were charged with stealing more than $5,000 and possessing property or property proceeds from crime.

According to Beosin experts, in the first half of 2023, the crypto industry lost about $655.6 million as a result of hacks, scams and rug pull.

Recall that at the end of June, the Huobi bitcoin exchange eliminated a data leak that reportedly put users' assets at risk since June 2021. Open / Comment

2023-07-07 12:00:05 ​Santiment: Verge capitalization tripled in 48 hours

Santiment reports: The capitalization of the Verge (XVG) cryptocurrency has grown by 209% in 48 hours. The Verge blockchain is focused on privacy.

The capitalization of the Verge (XVG) cryptocurrency increased by 209% in 48 hours. This is reported by analysts at Santiment.

Verge is a blockchain focused on privacy. He proposes to improve the original Bitcoin blockchain. The mission of Verge is to create a fast and efficient crypto payment network.

Santiment comments:
Verge's market cap has more than tripled (+209%) in just 48 hours, and it's no surprise that it's a top trending asset in crypto. XVG is seeing huge bullish sentiment as our AI explains. But watch out for FOMO (fear of missing out). Open / Comment

2023-07-06 17:00:07 ​Ripple to Host First Policy Summit in Thailand
Ripple will host a Thailand Policy Summit, Bangkok on July 5th. Organized in partnership with TRM Labs, the event represents Ripple's efforts to further strengthen its presence in the Southeast Asian market.

Brooks Entwistle, Senior Vice President of Accounts and Managing Director of Ripple in Asia Pacific and the Middle East and North Africa (APAC & MENA), shared his expectations for the summit in a recent tweet.

The tweet provides a glimpse into the vibrant atmosphere surrounding the event, and the Ripple team made a strong impression by lighting up the façade of The W Bangkok Hotel in Silom, Bangkok.

Thai Policy Summit
The Ripple x TRM Labs Summit in Thailand brings together key industry players, regulators and policy makers to discuss developments in blockchain and digital asset regulation globally and what is needed to drive growth and innovation in the sector in Thailand.

The event will also feature speakers from the public sector, including Archari Suppiroy, Director of Payment Systems, and Bunrit Pongrasamiroy, Senior Analyst of Payment Systems. Both persons represent the Bank of Thailand.

The agenda of the summit will be devoted to discussing global regulatory developments regarding blockchain and digital assets, with a focus on the Thai market.

Ripple is expanding
Notably, the Thailand Political Summit is part of an extensive effort being made by Ripple to strengthen its position and increase visibility in the global market. Ripple also wants to host its important Ripple Swell event in Dubai this November.

It is worth mentioning that Ripple recently received a principal license from the Monetary Authority of Singapore as part of its global expansion goal. The San Francisco-based firm also announced plans to expand in Europe as the MiCA regulation aims to bring clarity to market regulation. Open / Comment

2023-07-05 17:00:09 ​Ripple to Host First Policy Summit in Thailand
Ripple will host a Thailand Policy Summit, Bangkok on July 5th. Organized in partnership with TRM Labs, the event represents Ripple's efforts to further strengthen its presence in the Southeast Asian market.

Brooks Entwistle, Senior Vice President of Accounts and Managing Director of Ripple in Asia Pacific and the Middle East and North Africa (APAC & MENA), shared his expectations for the summit in a recent tweet.

The tweet provides a glimpse into the vibrant atmosphere surrounding the event, and the Ripple team made a strong impression by lighting up the façade of The W Bangkok Hotel in Silom, Bangkok.

Thai Policy Summit
The Ripple x TRM Labs Summit in Thailand brings together key industry players, regulators and policy makers to discuss developments in blockchain and digital asset regulation globally and what is needed to drive growth and innovation in the sector in Thailand.

The event will also feature speakers from the public sector, including Archari Suppiroy, Director of Payment Systems, and Bunrit Pongrasamiroy, Senior Analyst of Payment Systems. Both persons represent the Bank of Thailand.

The agenda of the summit will be devoted to discussing global regulatory developments regarding blockchain and digital assets, with a focus on the Thai market.

Ripple is expanding
Notably, the Thailand Political Summit is part of an extensive effort being made by Ripple to strengthen its position and increase visibility in the global market. Ripple also wants to host its important Ripple Swell event in Dubai this November.

It is worth mentioning that Ripple recently received a principal license from the Monetary Authority of Singapore as part of its global expansion goal. The San Francisco-based firm also announced plans to expand in Europe as the MiCA regulation aims to bring clarity to market regulation. Open / Comment

2023-07-05 16:32:10 ​Bitcoin Price Stopped at $31,500, Correction Coming

For almost two weeks now, the price of bitcoin has been trading in a tight range with little sign of a breakout, but a closer look at price action points to a possible sharp correction.

The price of Bitcoin has formed a clear Wyckoff distribution pattern, and there are several distinct parts to this setup: the local top formed on June 21st, which is the Initial Supply where the selling took place.

After the formation of the Initial Supply, the bulls pushed the price of bitcoin to form a buying climax. As investors take profits after this surge, there was a pullback that formed an automatic reaction.

An unsuccessful attempt at another rally led to the formation of a secondary test. Now a failed selloff forms a Sign of Weakness. What follows is a classic sign of early bull manipulation or trapping due to upthrust over a buying climax. This phase is followed by the Upthrust after distribution phase, which are two places where the smart money offload their assets.

Therefore, after the Upthrust after distribution, the asset undergoes a steep correction.

With the price of bitcoin trading around $30,500, investors should expect two scenarios - a sudden sell-off from the current position, or a surge to a high of $31,500 followed by a correction. In both cases, the bear target is $28,138, which is the midpoint of the 27 percent gain seen between June 15 and 23.

In some cases, the decline could push the price of bitcoin towards the 62% retracement level at $27,331 or the 70% retracement level at $26,760. Overall, BTC can be expected to fall from 8.66% to 15% in the coming days. Open / Comment

2023-07-05 16:21:59 ​Cryptocurrency trading volumes up amid optimism due to BlackRock Bitcoin ETF

Despite this, turnover on spot and derivatives trading on centralized exchanges remains at a minimum over the past 3.5 years
Cryptocurrency trading volumes rose in June for the first time in three months. The optimism of crypto traders is associated with the filing of an application by the BlackRock management company to open a bitcoin exchange-traded fund (ETF), Coindesk reports, citing CCData data.

The total volume of spot and derivatives trading on centralized exchanges rose by 14% to $2.71 trillion, according to the company's report.

“Increased volatility following the SEC lawsuit against Binance US and Coinbase, as well as a positive outlook in the market after the filing of spot Bitcoin ETFs by companies such as BlackRock and Fidelity, contributed to increased trading activity last month,” CCData explained.

Spot trading volumes remain at historically low levels, the second quarter being the lowest since the fourth quarter of 2019.

One of the largest investment companies in the world, BlackRock, is about to launch an exchange traded fund (ETF) for bitcoin. This is an important move for the market due to the reach of BlackRock, and also because the fund will allow investors to buy bitcoin in the form of ETF shares from a regular brokerage account.

In a filing with the U.S. Securities and Exchange Commission (SEC), the company is asking to be allowed to trade cryptocurrencies through the iShares Bitcoin Trust mechanism. This will be a spot fund, that is, when buying its shares, the actual purchase of coins on the market will be carried out. In addition, it will make it easier for institutional investors, including pension funds, to own cryptocurrencies. As of the end of March, BlackRock had over $9 trillion under management. Open / Comment

2023-05-19 15:07:55 ​​The price of bitcoin forms a bullish signal preceding the rise by 46%

Analyst firm IntoTheBlock noted that Bitcoin’s volatility drops to an extremely low level just before BTC’s price surge.

According to their observations, when trading volume remains at the current level for about five weeks, the price of a key cryptocurrency skyrockets by about 46%. If Bitcoin follows previous patterns, BTC price will skyrocket above $39,600.

At the same time, it was noticed that the same signal preceded the 50% collapse three times.

BTC volatility reaches historically significant lows. 60-day annualized volatility has fallen below 40% for the eighth time in the past five years.

On average, BTC volume is below this level for five weeks, resulting in a 46% price increase. However, three collapses with a probability of 50% occurred in similar conditions.

According to IntoTheBlock, 64% of bitcoin holders are above the breakeven price, while approximately 33% are in “loss” status. Of the total number of bitcoin holders, 69% hold their BTC for more than one year. Open / Comment

2023-05-18 13:59:27 Ripple Rises Above SEC’s Attempt to Conceal Hinman Docs in Landmark Court Win https://theblockopedia.com/ripple-rises-above-secs-attempt-to-conceal-hinman-docs-in-landmark-court-win/?utm_source=telegram+&utm_medium=Global_crypto_newz&utm_campaign=traffic+ Open / Comment

2023-05-15 15:29:00 ​​Bitcoin Price Weekly Close Gives Mixed Signals

After a weekly close at around $27,930, Bitcoin is already heading higher, hitting $27,550 overnight, according to data from Cointelegraph Markets Pro and TradingView.

While encouraging, the close was nonetheless the weakest for Bitcoin since mid-March, as popular trader and analyst Rekt Capital is well aware.

As part of his analysis on twitter, he warned that $27,600 is a level from which it is possible to roll over to support.

“At first, BTC failed to recapture the $28,800 level on the weekly chart (orange). And then $BTC Weekly closed below $27,600, failing to hold it as support (black),” he summed up along with a chart showing the latest weekly timeframe events.

“If $27,600 turns into resistance, it could lead to a further fall into the low $20,000 area.”

This view reinforces the warnings over the weekend and adds to the small group of well-known experts still considering the possibility of a significant pullback in the price of BTC.

However, Rekt Capital is now more optimistic about bitcoin in general, not limited to the current correction and its potential target.

“Bitcoin has already broken its downtrend. Now it's about continuing a new uptrend,” reads another tweet.

“Whether a retest is needed or not, that is the question. But history shows that the medium- and long-term outlook looks bullish.”

On weekly timeframes, the key trend line remains the 200-week moving average (WMA), which has already received its first retest at $26,200. Open / Comment

2023-05-15 15:24:19 ​​Bitcoin is fighting for a bullish trend

Bitcoin bulls and bears are battling for control of a key area on the BTC chart, with network fundamentals set to reach new all-time highs.

Bitcoin is fighting for a bullish trend as the new week begins as the market operates within the critical zone.

After the weekly candle closes just below $27,000, BTC/USD is trying to gain a foothold at the support level as the stubborn trading zone holds.

The stakes are already high – last week there was a sharp drop below $26,000 and two-month lows for bitcoin, leaving traders wary of an upcoming larger bearish breakout.

Although it has not occurred, the nerves remain tense for both shorter and longer time intervals.

Where is the price action likely to go next? A relatively cool macro week means less chance of volatility from external sources.

Add to this the upcoming difficulty adjustment, which will lead to another all-time high, and it is quite possible to talk about continued growth. Open / Comment