Crypto analyst Quinten recently revealed that Bitcoin has entered oversold levels. However, analyst Dr. Cat has warned that, contrary to public opinion, this development is bearish, not bullish, for the flagship crypto. In an X post, Dr. Cat stated that Bitcoin entering oversold levels is “super-bearish” and overbought levels are “super-bullish.” He explained that for the oscillator to reach oversold values, it means that the price action has been extremely bearish, indicating why investors are selling their holdings. Why Bitcoin Entering Oversold Levels Is Bearish The crypto analyst further remarked that Oscillators are range-bound indicators, so they can’t go beyond 0 and 100, as they are limited by their mathematical formulas. However, he added that the Bitcoin price can go lower or higher. Dr. Cat then alluded to Bitcoin’s bull markets, noting that all of them are in overbought territory on the weekly chart. Related Reading: Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns The analyst stated that if an investor buys an oversold condition on a lower timeframe when Bitcoin’s higher timeframe is bullish, this is a good move. However, he remarked that whoever advises buying a weekly oversold chart based on the claim that it is bullish because it is oversold has no idea what they are talking about. He remarked that many altcoins are oversold on the higher timeframe and can remain oversold as they approach zero, where the analyst claims they are eventually headed. Dr. Cat also explained that in a bull market, oversold conditions on the daily chart may mark higher lows on the weekly or monthly chart. However, in a bear market, oversold conditions may persist or just lead to some consolidation before more downside. Dr. Cat then alluded to Quinten’s chart, which he said showed what daily oversold conditions led to one year earlier in different broader market conditions. The analyst cautioned that he wasn’t discussing whether Bitcoin is in a bull or bear market or where it is headed, but simply clarifying the misconception about oversold and overbought RSI. BTC’s Supply Overwhelming Demand At The Moment In an X post, CryptoQuant CEO Ki Young Ju revealed that Bitcoin’s supply is currently greater than its demand at the moment, providing a bearish outlook for the flagship crypto. This supports the idea of BTC being in oversold conditions right now, with holders selling their coins rather than buying. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 Crypto analyst Ali Martinez recently revealed that whales have been taking profits during the recent Bitcoin rally, offloading over 29,000 BTC since April 9. It is worth mentioning that Ki Young Ju recently asserted that Bitcoin’s bull market is over, noting that the flagship crypto is witnessing significant selling pressure. At the time of writing, the Bitcoin price is trading at around $84,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Fartcoin battles sharp sell-offs as whale conviction clashes with smart money exits.
Today in crypto, US federal prosecutors continue their case against SafeMoon’s CEO; Spar shoppers in Zug, Switzerland, can now pay for groceries in Bitcoin via the Lightning Network; and a new TRM Labs report shows rising DeFi usage in Yemen as US sanctions target the Houthi-designated terrorist group. US prosecutors to pursue ex-SafeMoon CEO case despite DOJ memo Federal prosecutors said they will continue pursuing their case against Braden John Karony, the former CEO of crypto firm SafeMoon, despite the US Justice Department issuing a memo suggesting a policy of abandoning “regulation by prosecution” related to digital assets. In an April 18 filing in the US District Court for the Eastern District of New York, US Attorney for EDNY John Durham said his office had reviewed the April 7 DOJ memo issued by Deputy Attorney General Todd Blanche and intended to proceed with a trial against Karony. The former SafeMoon CEO faces securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy charges for allegedly “divert[ing] and misappropriat[ing] millions of dollars’ worth” of the platform’s SFM token between 2021 and 2022. April 18 notice that US prosecutors will continue to prosecute John Karony. Source: PACER Spar supermarket in Switzerland starts accepting Bitcoin payments Global grocery giant Spar has rolled out Bitcoin-based payments in a Swiss city, marking another step in the growing adoption of cryptocurrency for everyday transactions. A Spar supermarket in Zug, Switzerland, has implemented Bitcoin ( BTC ) payments via the Lightning Network. The store’s Bitcoin payments went live on BTC Mao, a community-driven project highlighting stores that accept BTC payments, DFX Swiss, a crypto-to-fiat payment solution firm, announced in an April 17 LinkedIn post . “This SPAR location is among the first supermarkets in Switzerland where you can pay directly at the checkout using Bitcoin (via LNURL), thanks to our new hashtag#OpenCryptoPay solution, an open P2P standard for in-person crypto payments,” DFX said. Spar in Zug adopts Bitcoin payment, announcement. Source: DFX Swiss Switzerland has long been regarded as one of the more crypto-friendly European jurisdictions with some of the earliest crypto-adoption initiatives. In 2023, the Swiss city of Lugano adopted Bitcoin and Tether USDt ( USDT ) payments for all municipal fees, one of the world’s first city administrations to do so. Yemenis are turning to DeFi as US sanctions target Houthi group Yemeni citizens are increasingly using decentralized finance (DeFi) protocols to bank themselves amid US sanctions aimed at the Houthi group, which they have deemed a terrorist organization. DeFi platforms account for most of Yemen’s crypto-related web traffic, taking up over 63% of observed activity, while global centralized exchanges account for 18% of crypto-related web traffic, TRM Labs data shows. DeFi platforms account for most of Yemen’s crypto-related web traffic, followed by centralized exchanges. Source: TRM Labs In the past, internet infrastructure challenges and low financial literacy among the war-torn population contributed to relatively limited crypto adoption, according to an April 17 report from blockchain intelligence firm TRM Labs. “However, there are signs of growing interest and usage driven primarily by necessity rather than speculation,” the blockchain intelligence firm said. “For those who use cryptocurrencies in Yemen, the ability to bypass the disruption in local financial services offers a modicum of financial resilience, especially as banks can be difficult to access or are simply inoperable due to the ongoing conflict.”
Exciting news is buzzing in the crypto and real estate worlds! Blocksquare, a leading name in real estate tokenization infrastructure, has just announced a groundbreaking partnership that’s set to inject a massive $1 billion into the digital real estate market. Teaming up with Vera Capital, a prominent venture capital firm, Blocksquare is poised to transform how we invest in property. Let’s dive into what this sensational collaboration means for the future of real estate. What is Real Estate Tokenization and Why is it a Game Changer? Before we delve deeper into this exciting partnership, let’s understand the core concept: real estate tokenization . In simple terms, it’s the process of converting rights to a real estate asset into digital tokens on a blockchain. Think of it as creating digital shares of a property. This innovative approach unlocks a plethora of benefits that traditional real estate investment simply can’t offer: Fractional Ownership: Imagine owning a piece of a prime commercial building in New York City without needing millions of dollars. Tokenization allows for fractional ownership, making high-value properties accessible to a wider range of investors. Increased Liquidity: Real estate is notoriously illiquid. Selling a property can take months, even years. Tokenized real estate, on the other hand, can be traded much more easily on secondary markets, offering significantly improved liquidity. Reduced Barriers to Entry: Traditionally, investing in real estate comes with high minimum investment amounts, complex paperwork, and geographical limitations. Tokenization drastically reduces these barriers, opening up global investment opportunities with lower entry points. Transparency and Security: Blockchain technology, the backbone of tokenization, ensures transparency and security. All transactions are recorded on an immutable ledger, reducing fraud and increasing trust. Faster Transactions and Lower Costs: Tokenization streamlines the investment process, eliminating intermediaries and reducing transaction costs and time significantly. In essence, real estate tokenization democratizes real estate investment, making it more accessible, efficient, and transparent. It’s not just about digitizing assets; it’s about revolutionizing the entire real estate ecosystem. Blocksquare and Vera Capital: A Powerful Alliance in Digital Real Estate Now, let’s shine the spotlight on the key players in this game-changing partnership: Blocksquare and Vera Capital. Blocksquare is a well-established infrastructure provider specializing in real estate tokenization . They offer white-label solutions that empower real estate businesses to launch their own tokenization platforms. Their technology simplifies the complex process of tokenizing real estate assets, making it accessible for traditional players to enter the digital real estate space. Vera Capital , on the other hand, is a venture capital firm with a keen focus on identifying and investing in innovative real estate ventures. Their expertise lies in understanding market trends and backing projects with significant growth potential. Their foray into tokenized real estate with Blocksquare signals a strong belief in the transformative power of this technology. Together, Blocksquare and Vera Capital create a synergistic alliance. Blocksquare brings the technological prowess and proven infrastructure, while Vera Capital contributes the financial backing and market insights. This partnership isn’t just about tokenizing assets; it’s about building a robust and thriving digital real estate marketplace. Unveiling the $1 Billion Tokenized Real Estate Vision The headline figure – $1 billion – is certainly attention-grabbing, but what exactly does it entail? According to the announcement on X (formerly Twitter) and reported by Investing.com, Vera Capital will leverage Blocksquare’s technology to tokenize a diverse portfolio of commercial and multifamily real estate assets across the United States. This isn’t just a small pilot project; it’s a large-scale initiative aimed at bringing substantial tokenized real estate offerings to the market. Here’s a breakdown of what we know: Aspect Details Partnership Blocksquare & Vera Capital Asset Value $1 Billion Asset Type Commercial and Multifamily Real Estate Geographic Focus United States Technology Provider Blocksquare (White-label solution) Marketplace Operator Vera Capital (Developing its own digital marketplace) Vera Capital will be developing its own digital real estate marketplace, powered by Blocksquare’s technology. This means they are not just passively investing in tokenization; they are actively building an ecosystem to facilitate the trading and management of these tokenized real estate assets. This commitment to creating a dedicated marketplace is a strong indicator of their long-term vision for real estate tokenization . The Compelling Benefits of Tokenized Real Estate: Why Should You Care? The partnership between Blocksquare and Vera Capital is more than just a business deal; it’s a significant leap forward for the entire real estate tokenization movement. But what are the tangible benefits, and why should investors, real estate professionals, and even casual observers be excited? Democratization of Investment: As mentioned earlier, tokenization breaks down the barriers to entry in real estate investment. This partnership will likely lead to a wider range of tokenized real estate offerings becoming available, allowing smaller investors to participate in potentially lucrative deals that were previously out of reach. New Investment Opportunities: For investors seeking diversification, tokenized real estate provides a novel asset class. It offers exposure to the real estate market with the added benefits of blockchain technology – transparency, liquidity, and fractional ownership. Efficiency and Streamlining for Real Estate Businesses: For real estate companies, adopting real estate tokenization can lead to increased efficiency in fundraising, property management, and investor relations. Blocksquare’s white-label solution makes this transition smoother and more accessible. Innovation and Growth in the Real Estate Sector: This partnership injects significant capital and innovation into the real estate industry. By embracing digital real estate , traditional players are future-proofing their businesses and contributing to the evolution of the sector. Essentially, the rise of tokenized real estate promises to create a more inclusive, efficient, and dynamic real estate market, benefiting everyone from individual investors to large institutions. Navigating the Challenges and Considerations in Real Estate Tokenization While the potential of real estate tokenization is immense, it’s crucial to acknowledge the challenges and considerations that come with this nascent technology. It’s not a completely frictionless process, and understanding the hurdles is essential for responsible growth. Regulatory Landscape: The regulatory framework for tokenized real estate is still evolving globally. Clarity and standardization in regulations are needed to foster wider adoption and investor confidence. Businesses operating in this space must navigate varying legal requirements across different jurisdictions. Technological Complexity: While platforms like Blocksquare simplify the process, real estate tokenization still involves technological complexities. Ensuring security, scalability, and interoperability of platforms is paramount. Market Education and Adoption: Educating investors and the broader real estate market about the benefits and nuances of tokenized real estate is crucial for driving adoption. Overcoming skepticism and fostering understanding are key challenges. Valuation and Liquidity of Tokens: Establishing robust valuation methods for tokenized real estate and ensuring sufficient liquidity in secondary markets are ongoing efforts. Market maturity and wider participation will play a vital role in addressing these aspects. Despite these challenges, the momentum behind real estate tokenization is undeniable. As the industry matures and regulatory clarity emerges, many of these hurdles are expected to be overcome, paving the way for mainstream adoption. The Future is Digital: Real Estate Investment in the Tokenized Era The partnership between Blocksquare and Vera Capital is a powerful signal – the future of real estate investment is increasingly digital real estate . Real estate tokenization is not just a fleeting trend; it’s a fundamental shift in how we perceive, invest in, and manage property. This $1 billion initiative is likely to be just the tip of the iceberg. Looking ahead, we can anticipate: Increased Institutional Adoption: As the market matures and regulatory frameworks become clearer, we can expect to see greater participation from institutional investors in tokenized real estate . Growth of Secondary Markets: Robust and liquid secondary markets for tokenized real estate will emerge, further enhancing liquidity and investor confidence. Integration with DeFi and Web3: We can expect to see greater integration of tokenized real estate with the broader decentralized finance (DeFi) and Web3 ecosystems, opening up new possibilities for yield generation and innovative financial products. Global Expansion: The success of initiatives like the Blocksquare-Vera Capital partnership will likely spur similar projects globally, accelerating the worldwide adoption of real estate tokenization . The convergence of real estate and blockchain technology is creating a paradigm shift. Real estate tokenization is poised to unlock unprecedented opportunities for investors, developers, and the entire real estate industry, ushering in a new era of accessibility, efficiency, and innovation. Conclusion: A Billion-Dollar Bet on the Future of Real Estate The collaboration between Blocksquare and Vera Capital to tokenize $1 billion in US real estate is a monumental step forward for the digital real estate revolution. It showcases the growing confidence in real estate tokenization and its potential to reshape the investment landscape. This partnership is not just about tokenizing assets; it’s about building the infrastructure and ecosystem for a future where real estate investment is more accessible, transparent, and efficient for everyone. Keep an eye on this space – the tokenized real estate journey is just beginning, and it promises to be incredibly exciting! To learn more about the latest real estate tokenization trends, explore our article on key developments shaping real estate tokenization institutional adoption.
In a landmark ruling that sends shivers down the spine of the cryptocurrency world, a Brazilian court has delivered a resounding message against financial crime. Executives from Braiscompany, the orchestrators of a massive crypto fraud scheme, have been slapped with a staggering 171 years in prison. This isn’t just a slap on the wrist; it’s a decisive blow against those who prey on unsuspecting investors in the burgeoning digital asset space. What Exactly Was the Braiscompany Crypto Fraud? Braiscompany, once hailed as a promising name in the Brazilian crypto scene, turned out to be a wolf in sheep’s clothing. They lured in approximately 20,000 investors with tantalizing promises of high returns. Imagine being promised financial freedom, only to find out it was all built on lies and deceit. The scheme, which prosecutors are calling one of Brazil’s largest cryptocurrency scam cases, involved: False Promises: Braiscompany aggressively marketed unrealistic returns on crypto investments, painting a rosy picture of guaranteed profits. Embezzlement: Instead of legitimate investment activities, funds were allegedly siphoned off, enriching the executives at the expense of ordinary investors. Unlicensed Operations: Operating as an unlicensed financial institution, Braiscompany bypassed regulatory safeguards designed to protect investors. Money Laundering: Efforts were made to conceal the ill-gotten gains, further complicating the recovery process for victims. The scale of the deception is immense, with an estimated $190 million vanishing into thin air, leaving thousands financially devastated. This case serves as a stark reminder of the risks lurking within the often-unregulated corners of the crypto market. Who Are the Masterminds Behind the Braiscompany Scandal and What Were Their Sentences? Justice, albeit delayed, has finally been served. The Brazilian court didn’t mince words, handing down hefty sentences to the key players in the Braiscompany saga: Executive Role Sentence Charges Joel Ferreira de Souza Alleged Mastermind 128 years Running unlicensed financial institution, money laundering Gesana Rayane Silva Fund Manager 27 years Managing funds in the fraudulent scheme Victor Veronez Intermediary 15 years Acting as an intermediary in the scheme Joel Ferreira de Souza, deemed the mastermind, received the lion’s share of the punishment. His 128-year sentence reflects the severity of his crimes and the central role he played in orchestrating this elaborate investment fraud . The sentences for Silva and Veronez, while shorter, are still substantial, highlighting that all participants in such schemes will face consequences. Brazil Crypto Landscape: Is This an Isolated Incident? While the Braiscompany case is undoubtedly a major event, it raises questions about the broader Brazil crypto landscape. Is this an isolated incident, or are there systemic issues that need addressing? It’s crucial to understand that while Brazil has seen growing interest and adoption of cryptocurrencies, the regulatory framework is still evolving. This creates opportunities for bad actors to exploit loopholes and prey on investors. However, this case also demonstrates that Brazilian authorities are taking crypto-related fraud seriously. The lengthy sentences signal a strong intent to protect investors and maintain the integrity of the financial system, even in the face of novel digital challenges. This could be a turning point, encouraging stricter regulations and increased vigilance within the Brazilian crypto market. Lessons Learned: How to Protect Yourself from Crypto Investment Fraud The Braiscompany scandal serves as a painful but vital lesson for anyone venturing into the world of crypto investments. How can you avoid becoming the next victim of a crypto fraud ? Do Your Due Diligence: Thoroughly research any crypto investment opportunity. Are the promised returns realistic? Is the company registered and regulated? Look for independent reviews and audits. Be Wary of Guaranteed Returns: In the volatile world of crypto, nothing is guaranteed. Promises of fixed, high returns should be a major red flag. Understand the Investment: Don’t invest in something you don’t understand. If you can’t explain how the investment works, it’s best to stay away. Diversify Your Investments: Never put all your eggs in one basket, especially in a high-risk asset class like crypto. Seek Professional Advice: Consult with a qualified financial advisor before making significant crypto investments. Remember, if it sounds too good to be true, it probably is. The allure of quick riches can be strong, but caution and informed decision-making are your best defenses against crypto scams. Conclusion: Justice Served, Warning Sounded The Braiscompany sentencing is more than just a legal outcome; it’s a powerful statement. It shows that even in the decentralized and often murky world of cryptocurrencies, justice can prevail. This case sends a clear warning to would-be fraudsters: the long arm of the law will reach you, and the consequences will be severe. For investors, it’s a sobering reminder to exercise caution, conduct thorough research, and remain vigilant in the face of enticing but potentially dangerous crypto investment opportunities. The fight against cryptocurrency scam is ongoing, and awareness is our strongest weapon. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Aptos blockchain is currently facing a significant proposal to reduce its staking rewards, sparking debates about capital efficiency and decentralization. This proposed cut in rewards aims to lower yields from
DOT has continued to suspend bearish following over 5% gains in the past 48 hours. These gains resulted from a bounce, which suggests a fresh increase. It is currently approaching a weekly resistance. Following last week’s bounce that brought some notable price recovery among many altcoins, DOT stayed well above the crucial $3 level and posted little gains during that period as it temporarily suspended selling. Facing resistance on the way up, it lost steam and fell slightly to $3.5 on Wednesday. The price picked up again and increased to where it is changing hands at $3.7. Amid increasing volume, it is on the verge of breaking last week’s high with a bullish pattern on the lower timeframe. The bullish pattern, which looks like a double-bottom formation on the hourly chart, signals a potential short-term trend shift. While it is yet to be confirmed, there are several obstacles ahead even if the price breaks up. The closest key resistance level to watch for a shift is $6. If the recent gains roll back, especially below the current monthly low, we can expect more collapses. Currently, the bulls are gaining control. Without any doubt, DOT’s bearish momentum appeared to have reached a critical trading level in the past few days due to the recovery. Having said that, the market trend remains bearish on the daily, but the trading landscape might change soon following the latest bullish signals. DOT’s Key Levels To Watch Source: Tradingview The bulls must overcome the previous weekly $3.82 high to gain more control. In anticipation, the $4.28 and $4.7 levels are resistance to watch for a test, along with the $5.3 level. In case of a drop, the main support level to watch for a collapse is $3.25. A new low may surface around the $3 level and potentially $2.5. Key Resistance Levels: $4.28, $4.7, $5.3 Key Support Levels: $3.25, $3, $2.5 Spot Price: $3.7 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Canary Capital’s recent move to list a TRX-based ETF positions itself at the forefront of innovative cryptocurrency investment options amidst a growing altcoin ETF trend. The proposed ETF aims not
The Synthetix protocol’s sUSD stablecoin is fighting to recover from a very steep depeg that has it far below its intended dollar peg. The sUSD has partially recovered from a drop to $0.66 over the past 24 hours, bouncing back to a still far-under-peg $0.83, according to CoinGecko. It has a market capitalization of $27 million, far below its 2021 high north of $300 million. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network’s native token, TRX ( TRX ), regulatory filings show. The fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said . According to CoinMarketCap, the TRX token has a total market capitalization of more than $22 billion. Staking TRX generates an annualized yield of approximately 4.5%, data from Stakingrewards.com shows . The filing is the latest in an outpouring of submissions aimed at listing ETFs holding alternative cryptocurrencies, or “altcoins.” However, Canary’s proposed fund is relatively unique in requesting permission to stake its crypto holdings in its initial application. Other US ETFs, such as those holding the Ethereum network’s native token, Ether ( ETH ), have sought approval for staking only after successfully listing a fund holding the spot token. They are still waiting for a regulatory decision. Tron is a proof-of-stake blockchain network founded by Justin Sun, who also owns Rainberry (formerly Bittorrent), the developer of the BitTorrent protocol. In March 2023, the SEC sued Sun for allegedly fraudulently inflating the prices of the Tron token and BitTorrent’s BTT token. In February, the SEC and Sun asked the judge overseeing the lawsuit to pause the case to allow the parties to enter into settlement talks. Platforms for staking TRX. Source: Stakingrewards.com Related: Canary Capital proposes first Sui ETF in US SEC filing Altcoin ETF season Since US President Donald Trump took office in January, US regulators have acknowledged dozens of filings for proposed crypto investment products. They include plans for ETFs holding native layer-1 tokens such as Solana ( SOL ) as well as memecoins such as Official Trump (TRUMP). Since 2024, Canary has filed for several proposed US crypto ETFs, including funds holding Litecoin ( LTC ), XRP ( XRP ), Hedera ( HBAR ), Axelar (AXL), Pengu (PENGU), and Sui ( SUI ). Some industry analysts doubt that ETFs holding non-core cryptocurrencies will be embraced by traditional investors. “Most crypto ETFs will fail to attract AUM and cost issuers money,” crypto researcher Alex Krüger said in a March post on the X platform. Magazine: SEC’s U-turn on crypto leaves key questions unanswered