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ForkLog 6 04.07.2024

Bitcoin Dips Below $57,000 as Experts Warn of Further Decline

On the morning of July 4, the price of the leading cryptocurrency briefly fell below $58,000, a level last seen in February. Within an hour, prices dropped by 3.8% on increased volumes due to $69 million in liquidations, according to Coinglass. 15-minute BTC/USDT chart on Binance. Data: TradingView. Update: As of 12:25 (Kyiv/Moscow), the price […]

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ForkLog 8 03.07.2024

Key Levels That Could Revive Bitcoin’s Momentum

A decisive breakthrough of Bitcoin above $64,000 would return a significant volume of coins held by short-term investors to profitability, potentially reigniting its growth trajectory. This conclusion was reached by Glassnode. Analysts have warned of the potential for a strong directional price movement amid historically strong volatility compression. From the perspective of the MVRV ratio, […]

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ForkLog 9 03.07.2024

SlowMist Reports 467 Cryptocurrency Theft Cases in a Quarter

In a quarter, SlowMist received requests for assistance from victims of 467 cryptocurrency thefts. The primary causes of incidents were private key leaks, phishing, and fraud. In the second quarter, SlowMist’s MistTrack service received 467 reports of digital asset thefts. Funds belonging to 18 victims, amounting to $22.66 million, were successfully frozen. ? As blockchain […]

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ForkLog 3 03.07.2024

SEC’s Case Against ConsenSys to Proceed on Expedited Schedule

The court has approved an expedited schedule for hearings in the SEC case against ConsenSys, set to take place from July 29 to November 26. This was announced by the company’s lawyer, Bill Hughes. Important News about about @Consensys v. Gensler. Judge O’Connor granted our request that he consider the merits of our case on […]

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ForkLog 51 02.07.2024

Arthur Hayes Declares Bitcoin a More Reliable Safe Haven than Gold

Former BitMEX CEO Arthur Hayes believes the world is on the brink of a new “mega-local inflationary cycle.” In such conditions, investors should consider shifting from stocks and bonds to gold. Bitcoin surpasses precious metals due to the absence of national control. Investing in cryptocurrencies is “the best way to preserve wealth.” In this regard, […]

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ForkLog 12 01.07.2024

AI-Driven Scams: Types and Countermeasures

Artificial intelligence significantly streamlines workflows and boosts productivity. However, it also serves as a tool for fraudsters, enabling the creation of audio, video, messages, and deepfakes both cheaply and effectively, reports TechCrunch. We explore popular AI-driven scams and ways to combat these malicious actors. Cloning the Voices of Family and Friends Speech synthesis has been […]

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ForkLog 9 01.07.2024

Cryptocurrency Developments: German and US Transfers, Binance Alerts, and Pump.fun Revenue

Pump.fun’s fees have generated $50 million in revenue for the platform. Binance has added monitoring tags for several highly volatile tokens. The governments of Germany and the US have moved $150 million in Bitcoin and Ethereum. Profits from Memes Since its launch, the cumulative revenue of the meme-token creation platform Pump.fun, based on Solana, has […]

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ForkLog 4 01.07.2024

Bitcoin Faces Resistance at $65,000, Say Experts

The resistance level for Bitcoin’s current rebound could be $65,000. July is typically a strong month for digital gold, but the Mt.Gox factor may be more significant. Upcoming US presidential elections and macroeconomic data could steer the leading cryptocurrency back onto a growth trajectory. To continue its rebound from June lows, Bitcoin must surpass the […]

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ForkLog 4 28.06.2024

Bearish Sentiments Hint at Bitcoin’s Potential Bottom

The level of bullish sentiment on X, Reddit, Telegram, 4Chan, and BitcoinTalk has significantly declined, with traders losing confidence in the markets, which could be seen as a factor indicating a local bottom, according to Santiment. ? The level of bullish calls across X, Reddit, Telegram, 4Chan, and BitcoinTalk has dropped significantly as traders have […]

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ForkLog 23 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 8 27.06.2024

The Threat of AI to Web3 and Decentralization

Artificial intelligence could “build a wall around closed systems,” bolster existing corporate interests, and hinder the full realization of Web3, experts told Cointelegraph.

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ForkLog 14 27.06.2024

Mayer Multiple Indicator Suggests Possible Bitcoin Price Floor

The leading cryptocurrency has facilitated a “healthy reset” of bullish sentiment as the Mayer Multiple indicator reached an eight-month low, according to analyst On-Chain Collage. The Bitcoin Mayer Multiple is now at a level not seen since October 2023, despite price at $60.9K now vs. $29.9K back in October. A healthy reset of sentiment to […]

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