Crypto

Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto…

Barcelona, Spain, June 18th, 2024, Chainwire Cryptocurrency money laundering in Europe has been a growing concern for regulatory authorities over the past several years. Indeed, cryptocurrencies have quickly become an attractive tool for money launderers, partly because of their pseudonymous nature and lack of regulations.  While the total cryptocurrency laundered worldwide has gone from $31,5B in 2022 to $22,2B in 2023, this issue remains a highly sensitive topic in Europe, which is prominent in the global flow of illicit cryptocurrency…

David Hirsch, the head of the Securities and Exchange Commission’s Crypto Asset and Cyber Unit, has left the agency after stepping down from his role. Hirsch announced his retirement in a LinkedIn post after leading the SEC’s digital asset enforcement team for almost a decade. Hirsch Steps Down Hirsch stated in his post that Friday was the last day of his over nine-year career with the United States Securities and Exchange Commission. He added that after nine years, he was…

Bitcoin is still holding above $65,000, but only just. A further fall for the king of the cryptocurrencies could be on the cards. The rest of the crypto market is painted blood red and looks to be facing total capitulation. It’s at times like this that fortunes are made. An extremely nervous market The sentiment across the whole of the crypto market is extremely gloomy. Bitcoin just refuses to get back above $71,000, and is rejected handily whenever it gets…

A few altcoins are gaining traction as game-changers in the dynamic and quickly changing world of cryptocurrencies, providing investors with the alluring prospect of sizable financial gains by 2024. These cutting-edge altcoins which analysts have identified as gems that could transform investors into millionaires in 2024 include Rollblock, JasmyCoin, and Nakamoto Games. Let us find out why. Rollblock Is One Of The Altcoins To Watch In 2024 The unique revenue share model, strong presale performance, and enormously higher returns of…

The post Crypto Market Crash: Top Altcoins To Buy This Dip appeared first on Coinpedia Fintech News With the Bitcoin price struggling to hold ground above the $65,000 level, the altcoins experience massive supply pressure. As the top altcoins drop more than 10% within 24 hours, the market is extremely bearish at the moment.  Amidst the sell-off, Coinglass’s liquidation data reveal that almost $500 million worth of long positions were wiped off within 48 hours.   With such an extreme turnaround…

The post Did Donald Trump Just Launch His Own Crypto? $DJT Token EXPLODES 180% appeared first on Coinpedia Fintech News Rumors are swirling that former U.S. President Donald J. Trump is considering launching his own cryptocurrency, named DJT, on the Solana blockchain. This potential move would mark a historic first for a major political figure entering the cryptocurrency arena. However, skepticism about the project’s legitimacy remains widespread. Here’s the full (real) scoop. The DJT Token Surge On Monday, DJT, a…

AI is revolutionizing the crypto world, moving beyond infrastructure to direct user applications.  The first wave, led by protocols like RENDER and TAO, laid the foundational infrastructure. Now, the focus is on applications that bring AI’s computational power directly to users.  Here are four leading crypto protocols driving this new wave of AI applications: Cortex, Bumper, Numerai and Deeper Network. Cortex ($CTXC) Cortex aims to bring machine learning capabilities to the blockchain. By integrating AI with smart contacts, Cortex enables…

The post Bitcoin Price Prediction: How Low Might BTC Price Drop This Crypto Market Crash  appeared first on Coinpedia Fintech News With a 1.68% drop in the total market cap of the crypto world, Bitcoin continues to decline with a rise in supply pressure. Despite 90% of Bitcoin HODLers in profit, the downtrend warns of a steady decrease in this percentage.  Further, almost $500 Million worth of long liquidation in the crypto market reveals a strong bearish side. However, 70%…