The SEC accused Tai Mo Shan of misleading investors about Terra USD's stability. Tai Mo Shan agreed to pay significant fines to compensate for unlawful earnings. Continue Reading: SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD The post SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD appeared first on COINTURK NEWS .
Record outflows from Bitcoin ETFs represent a significant shift in investor sentiment amid a sharp decline in cryptocurrency prices. This unprecedented outflow underscores the volatility of both Bitcoin and Ethereum
The post Bitcoin Fails To Rise Back To $100k appeared first on Coinpedia Fintech News Bitcoin struggles to recover from the big drop. It fell down to $92,000 as we predicted in our analysis yesterday . Though BTC has moved up by 5%, it still lies in a danger zone. Let’s analyse market metrics to understand what is happening and what to expect. The Bitcoin Chart Bitcoin is currently trading at $97,536 and is trying to move ahead. The presence of Moving Average 200 is active as the active resistance here. The RSI has also risen and has moved out of the oversold zone, however the danger of pullback remains. If the market does not get enough buying volume, the MA 200 can push the price back down. Earlier, it received support around $92k due to the presence of MA 50 on the daily chart, however that might not be enough this time. The Greed and Fear index is at 73, however the real market sentiment is still bearish. Source : Coinglass The MACD histogram shows reduction in selling pressure, however the average direction index has fallen to 33.62 which is not a good sign for Bitcoin. We can also see the moving average 20 has fallen below MA 50 and 100 which sends a negative impression to the market. If the price keeps on consolidating in this area or it moves a little down the smallest MA will go below the highest and it will trigger a panic in the market. This could send the price down to $90k or even bad. The Liquidation Data According to Coinglass’s crypto liquidation data, in the past 24 hours, 296,631 traders got liquidated. This caused a total of $831.74 million to wash out of the market. Yesterday this amount went over $1 billion. The last 4 days have been very bad for the long traders as the market kept on going down. Source : Coinglass The liquidation map shows that there are still traders who have opened long trades for Bitcoin with high leverages upto 100x. Taking some decisions in time of a bearish momentum shows there are still people out there who do not understand the gravity of the situation. The map also shows the short trades with high leverages. During such periods, the market has a tendency to suddenly move in the opposite direction to liquidate traders with bad risk management. Source : Coinglass What to Expect The very first thing we should be seeing now is Bitcoin price coming above the moving average 200. That will decrease the negative sentiment from the market and encourage more investors to jump in. However, for this to happen the market needs some buying volume. The market could make a sudden spike, just to liquidate the careless short traders, and this will give support to the market. Yes, not everything can be good for everybody, but let’s see the big picture here. If Bitcoin stays in this dangerous zone, it might fall down to $90k, triggering a panic sell resulting in altcoins rolling down as well. What do you think will happen? The market will rise or will it go down further?
Record $671.9M outflow from U.S. BTC ETFs as Bitcoin drops 9.2% and Ethereum plunges 15.6%.
Bitcoin (BTC) is experiencing its first seven-day decline in eight weeks, prompted by hawkish signals from the US Federal Reserve (Fed) that have led traders to sell off the asset, which has more than doubled in value this year. Bitcoin Rebounds To $97,500 After Historic ETF Outflow The market’s leading cryptocurrency saw a drop of as much as 5.3% to $92,149 on Friday, following a record high of just above $108,000 earlier in the week. Since then the Bitcoin price has recovered the $97,500 mark, down approximately 5% since Sunday. This downturn has also affected smaller cryptocurrencies, including Ethereum (ETH) and Dogecoin (DOGE), despite a generally positive performance in US equities. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? The shift in sentiment is further highlighted by a significant outflow from US exchange-traded funds (ETFs) that invest directly in Bitcoin. On Thursday, these funds recorded a historic outflow of $680 million, ending a 15-day streak of inflows, according to data compiled by Bloomberg. The heightened volatility in the crypto market follows a rally that began after Donald Trump’s victory in the US presidential election on November 5. Analysts from QCP Capital have noted that positioning in the market had become “overly bullish,” leaving digital assets susceptible to fluctuations in the Federal Reserve’s tone regarding inflation control. With the US Federal Reserve signaling a potential slowdown in its easing measures with its chair’s Powell announcement on Wednesday, the focus is shifting to the pace at which traditional financial institutions adopt cryptocurrency. Historical Patterns Suggest Potential Rebound For BTC’s Price Hani Abuagla, a senior market analyst at XTB, stated in a recent note that the interplay of monetary policy, institutional adoption, and political developments suggests that Bitcoin will remain sensitive to both macroeconomic and crypto-specific catalysts through 2025. This sentiment is echoed by Chris Weston, head of research at Pepperstone Group, who advised caution in the short term. Weston noted that while a collapse in price is not imminent, the momentum behind Bitcoin’s recent rally has diminished, indicating a shift in market control. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals Market expert Lark Davis on the other hand, weighed in on the current price action, reassuring investors that historical patterns could suggest a rebound in the coming days. The expert referenced December 2020, when Bitcoin experienced a 12% drop following a 77% rally in the preceding months but then surged from $17,000 to $41,000—a 136% increase—in just 23 days. Davis posits that a similar scenario may be unfolding now, with Bitcoin facing a 13% dip after a robust fourth quarter. While he acknowledges the possibility of an additional 10-15% correction, he remains optimistic about the potential for further upward movement in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com
Binance Alpha announces a fourth batch of tokens, including BANANA, KOGE, and PSTAKE. New platform offers early exposure to high-potential tokens before Binance listings. Binance Alpha introduces ‘Quick Buy’ and improved Swap features for better user experience. Binance Alpha has announced its fourth batch of tokens. The pre-selected pool includes projects like BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha announced the fourth batch of tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha is the pre-selected pool for Binance listings. — Wu Blockchain (@WuBlockchain) December 20, 2024 Binance wants to increase transparency and create a more organized way to evaluate tokens before listing them on the Binance Exchange. What is Binance Alpha? Binance Alpha is a new feature that helps the exchange evaluate tokens faster. It is a pre-listing selection pool where Binance uses its expertise to find tokens with strong community interest that match key trends in the blockchain and Web3 space. However, tokens selected for Binance Alpha go through a vetting process based on how much tr… The post Why Binance Alpha’s Pre-Selection Pool Is a Game Changer appeared first on Coin Edition .
Crypto analyst Rekt Capital says that Ether could keep consolidating between the $3,000 and $4,000 range, though a pullback to the lower $3,000s remains a possibility following its 10% fall over the past seven days.
The post Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2025 appeared first on Coinpedia Fintech News Tether, the company behind the world’s largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots. Tether’s $775 Million Investment in Rumble Tether has announced a significant investment of $775 million in Rumble , a platform that positions itself as a competitor to YouTube. As part of this deal, Tether will buy 103.3 million shares of Rumble and will spend $250 million to help Rumble grow and reach more users worldwide. Tether’s CEO Paolo Ardoino described this investment as part of companies belief in “freedom tech,” which includes supporting decentralized platforms that promote open communication and cryptocurrency. Interestingly, Rumble is also diving deeper into the crypto world. Last month, it announced plans to use $20 million of its cash reserves to invest in Bitcoin, showing its interest in blockchain technology. Tether’s Plan to Enter AI Looking ahead, Tether is gearing up to enter the artificial intelligence industry. In a recent tweet post CEO Paolo Ardoino recently revealed plans to launch Tether’s AI platform in the first quarter of 2025. This is a big move for Tether, which has mainly focused on stablecoins. Just got the draft of the site for Tether's AI platform. Coming soon, targeting end Q1 2025. (goosebumps) — Paolo Ardoino (@paoloardoino) December 20, 2024 Last year, Tether partnered with Northern Data, a company specializing in cloud computing and AI. This partnership helped lay the groundwork for Tether’s entry into AI. If successful, the platform could help Tether become a leader in combining finance and technology. Tether (USDT) Revenue Report Tether’s USDT stablecoin continues to be its biggest moneymaker, helping the company report record profits of $2.5 billion in the Q3 of 2024, bringing year-to-date earnings to an impressive $7.7 billion. Meanwhile, Tether’s assets have grown to $139.4 billion, fueled by strategic investments in renewable energy, Bitcoin mining, telecommunications, education, and AI.
How to Become a Millionaire in One Simple Step [Large Passive Income] One simple step: start living the millionaire life. Since the advent of the Internet, cloud mining has gradually gained attention as a more convenient way to mine cryptocurrencies. Cloud mining allows users to participate in mining projects of cryptocurrencies such as Bitcoin and Ethereum by simply renting the computing power of cloud servers without having to purchase expensive mining machines and perform complex technical operations. Such projects have attracted many people who hope to get rich quickly. What is Cloud Mining? First of all, we need to understand what cloud mining is. Cloud mining is a way of mining cryptocurrencies through remote servers. It allows users to participate in cryptocurrency mining activities without owning and maintaining actual mining equipment. Users only need to purchase a certain amount of computing power through cloud mining platforms. These platforms provide corresponding mining machines and computing power. Users only need to monitor and manage their mining income through the interface provided by the platform. Users no longer need to deal with hardware failures, equipment maintenance or power consumption. All of these tasks are taken care of by CrytocoinMiner . How cloud mining works: Renting computing power: Users choose the CrytocoinMiner cloud mining platform and purchase one or more computing power contracts according to their needs. Computing power is usually measured in hash rate (Hash). The higher the hash rate, the more mining benefits. 2.Mining operation: The rented computing power is connected to the mining pool, which is a network that concentrates a large number of miners and improves mining efficiency through division of labor and cooperation. The user’s computing power participates in the calculation of the network to mine cryptocurrency. 3.Obtain income: CrytocoinMiner shares the daily interest rate income according to the computing power contract rented by the user. These income will be distributed to the user’s account regularly. Platform maintenance: CrytocoinMiner will be responsible for providing hardware, operation and maintenance, data center management, and handling electricity costs, etc. Users do not need to buy expensive mining machines, nor do they need to worry about equipment failure or maintenance. https://crytocoinminer.com/xml/index.html#/product What is CrytocoinMiner? This is a cloud mining company founded in 2018. They designed a simple and easy-to-use page so that experienced or inexperienced miners can quickly get started, which also quickly made their global membership exceed 3.7 million. They are an FCA-regulated company (FCA Regulation: Financial Services, Companies and Markets), and CrytocoinMiner treats consumers fairly. According to statistics, the company contributes about 4.5% of the global hash rate. The advantage of CrytocoinMiner is that it is easy to make profits instead of losses. Simplified operation: No technical background or expensive mining machines are required, and anyone can participate. Cost saving: Users do not need to invest in infrastructure such as electricity, mining machines, and cooling equipment. No worries: The platform will be responsible for the operation, management, and update of the mining machines, and users only need to focus on profits. Cryptocurrency fluctuates greatly, and you can earn money when it goes up and lose money when it goes down. Users can mine through crytocoinminer cloud to obtain stable tokens for sale or collection. The following are recommended projects for earning cryptocurrency: Example: Invest $10,000 to purchase $10,000 worth of BTC [Advanced Computing Power], with a contract term of 50 days and a contract daily interest rate of 1.75%. The amount of passive income you can get every day after purchase = $10,000*1.75%=$175. After 50 days, your principal and income = $10,000+$175*50=$10,000+$8,750=$18,750 (Different contract computing power values, different investment amounts and terms, and different incomes, please log in to the CrytocoinMiner official website to view more contracts) To sum up, anyone who participates in the CrytocoinMiner cloud mining project can obtain good passive income. Warm reminder: Since its launch, CrytocoinMiner’s innovative business has been imitated by some companies and even used to create scams. Please be careful to identify it. If you want to participate in CrytocoinMiner’s money-making business, please participate or download it through the official website CrytocoinMiner.com . Company website: CrytocoinMiner.com Company email: info@crytocoinminer.com Company address: 1 Plough Lane Plough Lane, Stoke Poges, Slough, UK
El Salvador’s bold Bitcoin strategy seems unyielding as it continues to accumulate cryptocurrency despite ongoing IMF objections. With total holdings now reaching $632 million, the country is setting a precedent