Crypto

Source: Bitcoinist The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong…

Source: Coin Tegraph Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup. Read Full Article

Source: Bitcoinist Bitcoin has entered price discovery after repeatedly breaking all-time highs over the past week. The price surged an impressive 38% in under ten days, highlighting the overwhelming bullish momentum that has captivated the market. BTC is consolidating below the $93,400 mark as traders and investors anticipate its next move. Key data from CryptoQuant…

Source: Coin Tegraph Chain abstraction simplifies user experience by enabling interaction with assets and services across multiple blockchains, hiding technical complexities. Read Full Article

Source: Bitcoinist A 20-year-old Singaporean, Malone Lam, has requested a “speedy trial” in a US court, following charges of stealing roughly $230 million in cryptocurrency. Lam appeared before a judge in Washington, D.C., to discuss evidence disclosure during the pre-trial proceedings. Along with his alleged accomplice, Jeandiel Serrano, Lam is accused of using sophisticated social…

Source: Coin Tegraph Bitcoin bulls have sealed BTC price all-time highs in US dollar terms but have yet to match macro asset records from 2021. Read Full Article

Source: Bitcoinist Two prominent crypto personalities—Michael Saylor of MicroStrategy and Sen. Cynthia Lummis of Wyoming—support the call to create a Bitcoin reserve. In a CNBC interview, Saylor reiterated his bullish take on Bitcoin and suggested that creating a reserve of 1 million Bitcoins could help cut US debt by $16 trillion, or by 45%. Before…

Source: Coin Tegraph Trump’s administration could push DeFi from niche to mainstream, with crypto advocates eyeing potential pro-crypto policy shifts. Read Full Article

Source: Bitcoinist Another DOGE rally may be imminent after the Dogecoin price flashed a bullish pattern on the hourly chart. This has raised the possibility that it could rally to the psychological $1 price level soon enough.  Dogecoin Price Flashes Bull Flag On Hourly Chart In a TradingView post, crypto analyst Skidad revealed that the…

Source: Coin Tegraph “Let’s be clear on one thing. Gary Gensler is evil,” Tyler Winklevoss said in a detailed thread about the SEC chair amid resignation rumors. Read Full Article