Author: CoinVira
Ethereum remains the leading platform for smart contracts and decentralized finance, but how high can ETH go in the future? This analysis explores its path toward $10,000, the challenges it faces, and the realistic milestones it could reach along the way.
A U.S. federal appeals court has put a stop to Kalshi’s newly launched political prediction markets following a request for an emergency stay from the Commodity Futures Trading Commission. This decision comes after the regulator lost a similar motion to a lower-level judge. Last week, Judge Jia Cobb of the District of Columbia court ruled that the CFTC had overstepped its bounds by prohibiting Kalshi from offering U.S. political prediction markets. These markets involve bets on various political outcomes, such as which party will control the House of Representatives or who will win the White House. Kalshi, the plaintiff in…
Bitcoin analyst and trader Ali Martinez is expressing a bearish sentiment towards Bitcoin (BTC) as the leading cryptocurrency remains approximately 20% below its all-time high. Martinez, who has a significant following on X, recently shared his views on the current state of Bitcoin with his 71,000 followers. According to Martinez, Bitcoin has dropped below a crucial moving average, indicating a potential decline of around 47% from the current price to levels last seen in October 2023. He noted that Bitcoin trading above its 200-day moving average typically signals strong returns, while falling below it can result in sharp corrections. With…
Two leading technology companies, Siemens and Samsung, have made significant advancements in the crypto sector, showcasing their commitment to innovation and digital transformation. Siemens Launches €300 Million Digital Bond Siemens, the German technology giant, recently launched its second digital bond worth €300 million on a public blockchain. The bond, with a maturity period of one year, was settled using SWIAT’s private permissioned blockchain and the Bundesbank’s Trigger Solution. DekaBank served as the bond registrar, while BayernLB, DZ BANK, Helaba, and LBBW participated as investors. The settlement in central bank money was facilitated by Deutsche Bank. Siemens emphasized that the transaction…
The Ethereum ETF witnessed a significant outflow of over $20 million in the latest trading session, marking the second consecutive day of negative flow. This trend occurred despite Ethereum’s price showing a positive close, ending the trading session with gains. According to data from Sosovalue, the Ethereum ETF experienced another day of outflows on September 12th. This continued trend was observed even though ETH closed positively in the previous trading session. Additionally, other US-based ETFs recorded zero net flow, except for Grayscale, which saw an outflow of $20.14 million. The overall net asset value of the ETF stands at around…
A renowned cryptocurrency analyst, known as Rekt Capital, who accurately predicted the Bitcoin correction earlier this year, is now forecasting a potential bullish trend for BTC in the upcoming weeks. With a subscriber base of 87,600 on YouTube, Rekt Capital suggests that Bitcoin could see significant gains in October based on its historical performance during halving years. Bitcoin experienced a halving event earlier this year, resulting in a reduction of miner rewards. According to Rekt Capital, this October is likely to witness an upward trajectory for Bitcoin, as historical data indicates a strong performance during this month. The analyst states,…
The Securities and Exchange Commission (SEC) has taken a significant step in their case against Binance by filing an amended complaint in the District of Columbia. This update includes procedural changes and legal modifications to the original filing, aimed at strengthening their position. The amendment, which was approved recently, involves a motion under Federal Rule of Civil Procedure 15(a)(2). Along with this motion, the SEC has provided a memorandum explaining the reasons for the changes, a proposed amended complaint, and a redline version highlighting the alterations made. Paul Grewal, Chief Legal Officer at Coinbase, took to social media to comment…
X Empire: The Ultimate Tap-to-Earn Crypto Game on Telegram X Empire, formerly known as Musk Empire Game, is a revolutionary tap-to-earn crypto game on Telegram that has taken the gaming world by storm. Combining the thrill of virtual mining with the allure of cryptocurrency, X Empire offers players the opportunity to earn rewards in the form of $XEMP tokens. With the highly anticipated airdrop just around the corner, players are buzzing with excitement about how they can maximize their rewards and secure a share of the airdrop pool. Understanding X Empire and the Mining Phase At the heart of X…
Bitcoin’s price remains volatile in the market, with bulls slowly gaining momentum, but facing challenges with key resistance levels. Renowned crypto analyst Captain Faibik recently shared a bullish outlook for Bitcoin, suggesting that the asset could reach $68,000 by the end of the month if it successfully surpasses the critical $60,000 level. Faibik highlighted the importance of a daily candle close above $60,000 to propel Bitcoin to new highs by December. Faibik also pointed out the potential for a Broadening Wedge pattern breakout, which could push Bitcoin’s price to between $88,000 and $90,000 by the end of Q4. This pattern…
Fast food giant McDonald’s fell victim to a hacking incident that resulted in their Instagram profile promoting a scam memecoin created on the Solana blockchain. The fraudulent token, named GRIMACE, skyrocketed to a market capitalization of $25 million within just two hours of its launch before experiencing a rug pull that caused its value to plummet by over 95%. The scammers behind the scheme, operating under the alias “India_X_Kr3w,” managed to deceive investors into believing that GRIMACE was an official McDonald’s token, ultimately swindling approximately $700,000 from unsuspecting individuals. The memecoin was deployed through Pump.fun and quickly reached the bonding…