DeFi News Daily Official TheBitTimes.com

A total of 47 countries have applied to join the BRICS alliance before the 2024 summit. Out of the 47 countries, only 26 nations have formally sent their application to be a part of the grouping. The other 21 countries have informally applied to join the bloc. The 16th summit is scheduled to be held from October 22 to 24 in the Kazan region of Russia. Also Read: BRICS Makes Huge Announcement On Expansion: New Country Will Join Soon For the first time, the extended nine-member bloc will meet at the summit and discuss global issues and trade. The development indicates that emerging economies find the BRICS alliance lucrative as they’ve kick-started the de-dollarization agenda. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. On the heels of the upcoming summit, BRICS member Russia has endorsed a new country to join the alliance. Russian Deputy Foreign Minister Sergey Ryabkov told reporters that the Putin administration is “very happy ab

Bitcoin (BTC) investors should anticipate a further drop in the asset based on notable technical indicators exhibited by the cryptocurrency. According to crypto trading expert Alan Santana, in a TradingView post on August 29, investors can identify potential trend reversals in the Bitcoin market by leveraging the exponential moving averages (EMAs) and trading volume. In October 2023, Bitcoin traded sideways, consolidating below several critical EMAs. However, a decisive move above these averages triggered a bullish trend, supported by the highest trading volume seen in many months. This breakout began a sustained upward price movement, confirming the market’s bullish sentiment. Picks for you Elon Musk warns of investment risk in Brazil, USD/BRL chart reacts 1 hour ago

The Dogecoin price rose by a fraction of a percentage in the last 24 hours to trade at $0.108 as of 03:40 a.m. EST on trading volume that dropped 20% to $465 million. This comes after Elon Musk and Tesla Inc. won the dismissal of a lawsuit that claimed they pumped up the price of the Dogecoin cryptocurrency into a $258 billion “pyramid scheme.” Investors who lost big chunks of money faulted Musk for promoting the token to his millions of Twitter followers and then inflating the price by announcing that Tesla would accept Dogecoin as payment for merchandise. However, a New York federal judge dismissed the claims, finding Musk’s statements were “aspirational” rather than “factual and susceptible to being falsified.” Dogecoin Price Gearing Up Towards A Bullish Stance According to data from GeckoTerminal, the Dogecoin price, after breaking out of consolidation, has been on a downtrend from $0.1145, as it trades within a falling channel pattern. The Relative Strength Index (RSI) seem

Police in South Korea have arrested the leader of a 16 billion won ($12 million) cryptocurrency scam who underwent almost $16,000 worth of plastic surgery to evade authorities.  As reported by the Straits Times, the Seoul Metropolitan Police Agency says the scammer was on the run for 10 months after failing to attend a pre-trial detention hearing in September 2023.  During his time as a fugitive, the man reportedly spent 21 million won ($15,746) on plastic surgery to alter his appearance, specifically his eyes, nose, and the shape of his face. He is also said to have worn a number of wigs.  North Korean hackers posing as devs exposed with ‘I Hate Kim Jong Un’ test Read more: Bitsonic chief sentenced to 7 years for crypto theft in South Korea Police claim that the man is behind a cryptocurrency mining scam that promised investors a monthly return of 18% and managed to defraud 158 victims between November 2021 and June 2022. Victims’ losses ranged from 1.2 million won ($900) to 2

Cardano is currently being dubbed one of the most underrated meme tokens. The token is unable to break past the consolidation it is stuck in. Despite ADA’s slow price momentum, several analysts have shown bullish support for Cardano, claiming that once it fights off critical resistance, the token can achieve unprecedented success. Cardano is expected to show significant price momentum with the Chang hard fork deployment on cards. With the fork deployment scheduled in September, will ADA peak at $1? Also Read: Cryptocurrency: Top 3 Trending Altcoins To Buy Next Week Chang Hard Fork Update: Deployment To Go Live On September 1st The widely anticipated Cardano Chang Hard Fork deployment is scheduled for September 1st. Dubbed one of the most crucial updates for the ADA in many years, the upgrade will introduce governance functionalities to the ADA ecosystem. After the upgrade, ADA will harbour governance-centric functions, which will help bolster community participation on a more nuanced l

The SEC will now require mutual funds and ETF funds to report portfolio holdings every month rather than four times a year. The regulator approved the new rule change effective Wednesday. JUST IN: SEC approves new rule requiring mutual funds and ETFs to report portfolio holdings on a monthly basis rather than four times a year. — Watcher.Guru (@WatcherGuru) August 28, 2024 In a public meeting, the five-person Commission voted 3-2 to approve the measures along party lines. Officials feel the move will bring greater transparency to investors. SEC Chair Gary Gensler says more frequent reporting would help investors monitor their ETF holdings and identify overlapping investments. Furthermore, the move gives the SEC greater visibility in identifying trends and responding during market stress. Amid the popularity of exchange-traded funds backed by cryptocurrency, the move is a game changer for transparency concerns. Also Read: Telegram CEO Pavel Durov Released From Police Custody “Lest we

When the community celebrated Bitcoin’s journey back above $60,000, volatility hit the market. Over the past seven days, the king coin surged by 3.11% and reached close to a high of nearly $65,000. At press time, however, BTC was down by 2.27% over the last 24 hours and was trading at $62,406.35. Also Read: Top 3 Cryptocurrencies To Watch In September That Are Under $1 Bitcoin’s Market Performance and Wealth Growth Source Several analysts have been suggesting that BTC could move beyond the $70,000 mark. The asset hit an all-time high of $73,750 about five months ago, and several believe that the world’s largest cryptocurrency will soon move beyond this level. It is most likely that BTC will reclaim its peak and create a new high. Crypto Wealth Report 2024 Amidst this, the Crypto Wealth Report 2024 revealed that the number of people with cryptocurrency assets totalling over $1 million has increased by 95%. The rise in cryptocurrency wealth is not limited to millionaires alone, as the nu

The Toncoin price dropped 4% in the last 24 hours to trade at $5.39 as of 03:34 a.m. EST on trading volumes that plunged 23% to $1.2 billion. This comes as the United Arab Emirates (UAE) announced late Monday that it had asked the French government to allow consular access to Telegram CEO Pavel Durov, who is currently in police custody in Paris. Durov was arrested late Saturday night and is still being held as part of a probe into allegations relating to child pornography, drug trafficking, and organized crime on the Telegram messaging platform. After the arrest, the Open Network (TON) on the platform experienced a notable effect, with its native token, TON, plunging over 20%. Toncoin Price Aims For A Rebound Since the arrest, the Toncoin price dropped from the $6.82 resistance zone, according data from GeckoTerminal . The bulls have been trying to keep the price above the $5.0 support level, with TON now forming a falling channel pattern. With the token now on a downtr

XRP has intrigued crypto analysts lately, and one of them has an interesting price projection to make. He saw a potentially life-changing market pattern; we’ll discuss this in depth. Is $XRP Forming The Largest Bull Flag In Crypto History? — THE DATA IS IN !! Remember when #XRP soared 60,000% in 240 days, going from $0.006 to $3.84? $XRP has been trading Below All Time High ($3.84) for 2,424 days & counting! A 4.236 Fibonacci extension takes us… pic.twitter.com/pjFA3Rq8I0 — Good Morning Crypto (@AbsGMCrypto) August 24, 2024 An analyst has identified what could be the biggest bull flag pattern ever seen in crypto. This suggests XRP might make a big price move soon. This analyst prediction has sparked new interest in XRP and its market trends. Also Read: Crypto Legalization: Russia’s Central Bank Leads the Way for Investors Ripple’s XRP: Analyst Predictions and Market Trends The Largest Bull Flag in Crypto History? There’s buzz about where XRP’s price might go next. A well-known ana

The Bitcoin price dropped by a fraction of a percentage in the last 24 hours despite being up 9% in the last week to trade at $63,971 as of 00:42 a.m. EST on trading volume that dropped 8% to $19 billion. This comes as a popular analyst on X (formerly Twitter), Rekt Capital, says that Bitcoin is currently aligning with historical post-halving price trends. The pseudonymous analyst offers a more optimistic perspective, noting that Bitcoin has the potential to return to its post-halving reaccumulation range. https://twitter.com/rektcapital/status/1827701037387399533 Bitcoin Price Aims For A Continued Rally In the last week, the Bitcoin price has been on an uptrend, as BTC recovered from the sideways pattern’s lower boundary to breach the pattern’s upper boundary on the $61,347 resistance, data from GeckoTerminal shows.  The price of Bitcoin now seems to be consolidating within the $64,000 range, as the bulls aim for a bullish rally above. BTC now trades well above both the 50-day

A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend. “Strong PepeCoin is doing well right now, showing a lot of strength. To be determined if this is going to continue momentum, but watch out for the 200-day EMA (exponential moving average) around here. $2.30ish would be a decent entry in the short term. I have a bag.” Source: Altcoin Sherpa/X PepeCoin is trading for $2.97 at time of writing, a gain of more than 27,000% since October 13th, 2023 when it was worth $0.01088. Next up, the analyst compares the price chart of Synapse (SYN), a protocol that aims to enable secure cross-chain communication, to the price chart of the smart contract platform Sui Network (SUI). He suggests SYN may be forming a similar SUI pattern and could soon bre

The odds of finding a profitable token to invest in are very slim for investors without market insights. In fact, the odds are lower than placing a winning bet in the casino. However, experienced traders use special strategies while looking at top trending cryptos on GeckoTerminal to attempt to lower those odds and improve their chances. Recent market Analysis has shown that some tokens have witnessed a spike in their trading activities. This trend suggests investors have seen the potential of these tokens and are accumulating them in larger quantities. Therefore, we analyze some trending Cryptos on GeckoTerminal , the reasons why they are trending, and why investors should consider adding them to their watchlist.  Trending Cryptos on GeckoTerminal Today    This article analyses a presale token that has been predicted to increase by over 500% upon its launch. The token – Base Dawgz is a multi-blockchain platform that completely simplifies the process of “jumping” between several