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Worldcoin crashed from $3.3115 and traders between $2.00 and $2.4 through the rest of the week. WLD takes the formation of a bearish pennant that is on the verge of completion, it will break out soon. EFI indicators show bulls gaining as the bear’s powers seem to fade away. The chart below shows the behavior of Worldcoin (WLD) for the past seven days. When the whole scenario is put in perspective, it can be seen that WLD has been moving sideways except for the first day when it took a deep fall. In particular, WLD opened the market at $2.3982 when trading started for the past week. The token gained value and reached its maximum value of $3.3115 for the week on the same day. However, after reaching its maximum value WLD was infested by the bears who crashed the price to the lowest of $1.9152 on the first day itself.   WLD/USDT 1-Week Chart (Source: CoinMarketCap) Since reaching its lowest value WLD has been fluctuating between $2.00 and $2.4 d...

Attorney Deaton has called on crypto community members to re-evaluate Sygnum Bank’s recommendation about investing in Bitcoin, Ethereum, and XRP. Crypto-Law.US founder Attorney John Deaton has called on the crypto community to re-evaluate Sygnum Bank’s recommendation about investing in Bitcoin (BTC), Ethereum (ETH), and XRP. In a February 2021 tweet, Attorney Deaton noted that Sygnum Bank’s Head of Management urged the public to increase their exposure to “tokens of the future.” According to Deaton, the bank listed the top three assets at the time- BTC, ETH, and XRP – as the tokens of the future. He noted that the Sygnum Bank exec described Bitcoin as the future asset for the store of value and wealth. Additionally, the bank classified Ethereum as the future asset for “infrastructure play.” Lastly, Sygnum described XRP as the technology of the future for payments. Two years after his tweet, Attorney Deaton asked crypto enthusiasts to state whether the bank was right ...

The formation of a new BRICS currency was expected to hit a nail in the U.S. dollar’s coffin. However, BRICS ambassador Anil Sooklal confirmed that the next summit in August will not discuss the creation of a new currency. This puts the U.S. dollar in safe territory as no other currency could challenge its global reserve status. However, BRICS using GOLD to topple the U.S. dollar’s prospects remains looming at large. Also Read: Russia & India Make Huge Announcement on BRICS Currency The BRICS bloc is accumulating gold at a massive pace with a motive to take on the U.S. dollar. The World Gold Council published a report highlighting that China purchased 102 tonnes of gold in 2023. On the other hand, Russia purchased 31.1 tonnes of the precious metal, while India accumulated 2.8 tonnes to its gold reserves. Though the developments look small at the global level, they could be a tipping point for the U.S. dollar. BRICS Could Dethrone the U.S. Dollar With Gold,...

TD Cowen views MicroStrategy’s Bitcoin adoption as significant, seeing BTC as a superior store of value. A report by the investment banking firm highlights MicroStrategy’s strategic transformation from a defensive to an opportunistic approach. TD Cowen predicts an optimistic scenario for Bitcoin’s price rise but warns of a downside scenario due to regulatory actions. TD Cowen has taken a special interest in Michael Saylor’s MicroStrategy’s Bitcoin adoption model and claimed that Bitcoin represents a “superior store of value” in comparison to other forms of money,” TD Cowen’s pro-crypto words have taken the internet by a pleasant surprise. The investment banking company which recently shut down its digital assets unit, produced a report highlighting that MicroStrategy converts its surplus cash flow into bitcoin using effective leverage. According to the document, this move was a defensive measure to safeguard the value of its assets init...

Fernando Pérez Algaba reportedly ran a crypto trading business in Argentina and is suspected to have been murdered by a professional outfit. A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after he was found dismembered in a suitcase. According to several local media reports, Fernando Pérez Algaba, a crypto trader and influencer, was suspected as missing on July 18 when he failed to return the keys to a rented apartment and answer his phone. His remains were found less than a week later on July 23 by a group of children in the town of Ingeniero Budge, a province of the Argentinian capital. One of the last images Algaba posted on his social media accounts. Source: Instagram The suitcase contained amputated legs and forearms, authorities discovered a torso on July 24 after draining the stream where the suitcase was found. A head was found in a backpack a day later on July 25. Analysis of fingerprints and...

According to crypto analyst Del Crypto, Shiba Inu (SHIB) will enter the top 5 crypto projects in the next bull run. In order to do so, SHIB’s market cap would need to be greater than $37 billion. This represents a growth of   697.93 %. Next bull run will see $SHIB return to the top 5 & $XRP return to the top 3. — Del Crxpto (@DelCrxpto) July 26, 2023 If Shiba Inu’s (SHIB) market cap was to reach $37 billion, the price of each token would be around $0.0000630. Now, this figure is excluding tokens that are burned. The price, if SHIB reaches a $37 billion market cap, is about 26.8% above its all-time high of $0.0008616. Also Read: Shiba Inu to Rally 2530% by 2028: Gov Capital Apart from SHIB, Del Crypto also mentioned that XRP will re-enter the top 3 crypto projects. The project has seen a plethora of positive developments in the last couple of weeks. Firstly, it was deemed not a security, contrary to the SEC’s (Security and Exchange Commissio...

Binance, the world’s largest cryptocurrency exchange by client count, has withdraw n its application to BaFin for a crypto license in Germany.  Binance’s decision to withdraw its application for a crypto license in Germany comes in response to the country’s strict regulatory environment, prompting the exchange to reassess its expansion strategy. Earlier, German regulators had informed Binance that they would not issue them a license. Still in pursuit of appropriate licensing On July 26, said this withdraw al is due to significant changes in the global market and regulatory environment.  Although Binance is pulling out, it remains committed to obtaining the necessary license in the country. In the coming days, the exchange will submit a revised application that accurately reflects the current developments. When the exchange exited Cyprus, they said they had plans to fully comply with the European Union’s Markets in Crypto Assets (MiCA) legislation.  ...

Binance declared the launch of Seed Tags and Monitoring Tags designed for highly volatile and risky tokens. The exchange also announced the inclusion of a new stablecoin First Digital USD (FDUSD) on the platform. In addition, the crypto platform introduced a zero-maker fee promotion for FDUSD trading pairs. Binance, the prominent cryptocurrency exchange, recently introduced Seed Tags and Monitoring Tags, targeting highly volatile and risky tokens. In a subsequent announcement, the exchange also proclaimed the inclusion of the new stablecoin First Digital USD (FDUSD) on the platform, inviting customers to deposit the asset. In the early hours of June 26, Binance released an official statement declaring the launch of Seed Tags and Monitoring Tags to ease differentiating between tokens listed in the Innovation Zone and Main Trading Zone. While the Seed Tag would replace the Innovation Zone, the Monitoring Tag would be applied to certain highly volatile tokens in...

PEPE faces resistance at $0.00000134 amid bearish momentum, sinking the price to a 7-day low. The declining market cap and volume may hinder PEPE’s recovery. Oversold indicators hint at a potential price bounce for PEPE. Attempts by Pepe (PEPE) market bulls to stage a recovery over the past day have met resistance at $0.00000134 as the underlying market continues to slide lower. As a result, selling pressure persisted in the PEPE market, pushing prices down to a 7-day low of $0.000001264 before finding support. PEPE was priced at $0.000001269 at the time of publication, representing a 4.29% drop from its previous high. If bearish momentum breaks through the $0.000001264 support level, the next level to watch is $0.0000012, a 30-day low. This movement would indicate a continuation of the downward trend in the PEPE market and could attract additional bearish activity. However, recovery is possible if buyers step in and push the price back toward $0.000...

Join Our Telegram channel to stay up to date on breaking news coverage Sam Altman’s Worldcoin got a reality check after Ethereum’s Vitalik Buterin raised concerns about its design and a UK regulator said it would examine the project. WLD, its token, dropped as much as 52% from its high of $3.58 yesterday but has since recovered some ground. It traded at $2.28 at 10:30 EST time, up a fraction in the past 24 hours. Buterin expressed doubts over Worldcoin, which aims to assign people a kind of world ID, in a blogpost yesterday. He said it may face issues over factors that include security and privacy. ”I definitely do not envy the people attempting the task, and it will likely take years to find a formula that works,” he said Separately, the UK Information Commissioner’s Office (ICO), Britain’s data watchdog, is also looking into the project by OpenAI CEO Sam Altman, Coin Desk reported. “We note the launch of WorldCoin in the U.K. and w...

The WSJ’s investigation reveals that Binance’s CEO Changpeng Zhao was aware of wash trading at the American branch launch and “directed” it. According to a report from the Wall Street Journal, in the first hour of Binance launching its American platform, BinanceUS, around $70,000 worth of Bitcoin (BTC) was exchanged. The media accessed the internal communication, where CEO Changpeng Zhao allegedly admitted the volume wasn’t all from external traders. “That was ourself, I think.”  Binance’s CEO Changpeng Zhao In addition to that, the WSJ report alleges that the global Binance exchange wash-traded about 46% of its total volume. What is wash trading This raises a larger question about actual trading volumes versus coin promoters shuffling assets, known as wash trading . Wash trading is a deceptive practice in the financial markets where an entity, typically a trader or a group of traders, artificially inflates trading volumes by repeatedly b...

XRP Price Rolling Back – Time To Lock In The Gains? After bulls failed to sustain the uptrend triggered by the ruling in the long-standing legal battle pitting Ripple against the US Securities and Exchange Commission (SEC) two weeks ago, XRP price sustained a trend reversal from resistance at $0.85 to the ongoing sell-off below $0.7. advertisement If bulls do rally behind the cross-border money remittance token and reclaim the immediate $0.7 resistance, there is a glaring possibility that losses could stretch to $0.6, thus bringing $0.5 within reach. The XRP price technical outlook on the daily chart implies that sellers have the upper hand, especially with the Moving Average Convergence Divergence (MACD) indicator flashing a sell signal. XRP/USD daily chart | Tradingview To trade this momentum indicator, traders generally look out for bearish crosses marked by the MACD line in blue crossing below the signal line in red. As the index drops tow...