Crypto

The post Crypto Regulations in Hong Kong 2024 appeared first on Coinpedia Fintech News Hong Kong is the most vibrant financial hub in the Asian region. Though it is a part of China, it enjoys a special status, which allows the territory to create policies independently to an extent. Formally, it was a colony of the British Empire. Its economy still cherishes some of the liberal characteristics gifted to them by their former European masters. The territory is one of…

The post Record-Breaking Crypto Heist: Over $1 Billion Stolen in 2024 appeared first on Coinpedia Fintech News Losses from hacks and breaches have surpassed $1.19 billion for the year 2024 and more specifically $269.4 million  was wiped out in the month of July alone. July’s main victims are the centralized exchanges, as $235 million WazirX has become the prime victim of hacking. DeFi frauds remain less of a problem than CeFi enumerations, with Ethereum and BNB Chain platforms being the…

For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In a new post on X, Altrichter explains why. FOMC Preview Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate…

Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session. This marks BTC’s third consecutive session in the red, indicating the presence of sellers at higher levels ($70,000). Bitcoin (BTC) registered a strong bullish surge on Monday as buyers propelled the cryptocurrency to $70,000 before sellers were able to wrest control. However, after reaching that price, BTC saw a sharp reversal as sellers…

The post Crypto Market Displays Increased Selling Pressure As Top Tokens Stumble! appeared first on Coinpedia Fintech News The cryptocurrency market has dropped from $2.40 Trillion to $2.36 Trillion within the past 24 hours, a correction of 1%. Notably, Bitcoin has recorded a loss of 1.17% within the past day with a trading volume of $28.01 Billion. Moreover, its dominance has dropped 0.7%, from 55.5% to 54.8% this week. Further, the Ethereum token has lost approximately 1.5% from its portfolio…

The XRP price has climbed by over 4% within the last 24 hours, extending its bullish trend observed over the past month. This increase propelled the token to a four-month peak of $0.6377 early on Tuesday, outperforming the top 10 cryptocurrencies in the market. However, this recent surge in value coincides with strong criticism from key Ripple executives, including CEO Brad Garlinghouse and the company’s Chief Legal Officer Stuart Alderoty, directed at the leadership of the US Securities and Exchange…

This week, crypto whales decided to buy into some altcoins even though their performance did not match the previous week. However, the clear accumulation signals confidence in the cryptocurrencies’ near-term potential.  The reason is that these whales, who have the potential to affect prices, are not just accumulating in the usual fashion. Instead, they are buying big at current price levels. The top three for the fourth week of July 2024 include Arbitrum (ARB), Ripple (XRP) and Ondo (ONDO). Crypto…

Justin Sun, founder of the Tron blockchain, has urged China to adopt a more forward-thinking approach to cryptocurrency policy. Sun’s advice comes as former US President Donald Trump’s plans to position Bitcoin as a key player in the global economic landscape if he is re-elected. China Advised to ‘Step Up’ Bitcoin Policies On July 18, Sun used social media to call for China to advance its Bitcoin policies. He argued that increased competition between China and the US in Bitcoin…

The post BitClout Founder Charged with Multi-Million Dollar Crypto Fraud appeared first on Coinpedia Fintech News Nader Al-Naji, the founder of BitClout, now known as Decentralized Social (DeSo), is facing serious charges. The SEC and the US Attorney’s Office for the Southern District of New York have charged him with fraud and selling unregistered securities. Misuse of Funds and False Claims The SEC claims Al-Naji raised $257 million through BitClout’s native token, BTCLT. He allegedly misused $7 million out of…