Recently, crypto analyst known as the ‘Titan of Crypto’ shared with his 90,000 followers on Twitter an interesting technical pattern that has caught the attention of many in the cryptocurrency community. This pattern involves a golden cross forming between the 100-day moving average and the longer-term 200-day moving average. Unlike the typical golden cross, which
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The latest Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering numbers in the world of digital assets. The report indicates that the number of individuals holding over $1 million in digital assets has surged by 95% to 172,300. This significant increase comes at a time when the overall crypto market has
The cryptocurrency industry is facing a rising threat of hacks and security breaches, with recent reports showing significant losses amounting to millions of dollars. Last month alone, the sector experienced over $313 million in losses due to more than ten different hacking incidents. This highlights the growing vulnerabilities within the crypto space, putting investors and
Bitcoin (BTC) miners experienced a significant decrease in revenue generation in the month of August, marking their worst performance in nearly a year. Data from Bitbo, an on-chain analysis platform, reveals that BTC mining activities only secured $827 million in revenue, a staggering 10% drop from the previous month’s $927.35 million. This decline is even
Last week, digital asset investment products experienced $305 million in outflows, a significant amount that has caused negative sentiment among various providers and regions. The main reason behind this trend, according to CoinShares, is the stronger-than-expected economic data coming out of the United States. This data has lowered the probability of a 50-basis point interest
Bitcoin’s price has been on a wild rollercoaster ride in the past 24 hours, plunging to a 2-week low of $57,100. This sharp downturn comes after a week of fluctuations that saw the digital asset reaching highs of over $65,100. The sudden drop has left many investors scratching their heads, wondering what the future holds
The recent case of a London resident being charged with operating a Bitcoin ATM without proper registration has raised concerns about the oversight of cryptocurrency transactions in the UK. Habibur Rahman, 37, was arrested following a raid by Kent Police at a gadget shop in Chatham, where several crypto ATMs were found, including one prominently
The payments industry has seen significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. However, a major issue plagues this sector – it still relies on outdated technology rails that are becoming increasingly inefficient with time. According to a report from Binance Research, blockchains, distributed ledger technology (DLT),
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a question to his 262K+ followers on X regarding the resilience of Bitcoin. The responses he received shed light on the unique characteristics of this cryptocurrency. One commenter highlighted the fact that Bitcoin has never failed to deliver on its promises in the
In a recent development, the Singapore-based cryptocurrency exchange Crypto.com has joined forces with Standard Chartered, a prominent multinational banking institution. The partnership aims to provide fiat services to retail users globally. According to a press release received by CryptoPotato, Standard Chartered will offer banking and payment solutions to facilitate the deposits and withdrawals of the