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The PepeFork price has surged more than 600%  in a week and traded at $0.0000006083 as of 9 a.m. EST as investors bet big on the new meme coin. It’s had a rollercoaster 24 hours and currently trades up more than 3% over that period. The PepeFork Price Has Entered A Short-Term Consolidation 1-hour chart for PORK/USDT (source: TradingView ) The PepeFork price is attempting to break above the $0.0000006795 resistance level, which is also the middle level of a consolidation channel that the crypto has been trading in over the last few hours. Should it close a 1-hour candle above this significant price point, it may attempt to break out above the sideways channel. This bullish thesis could be invalidated if the PepeFork price fails to close a 1-hour candle above $0.0000006795 within the next 12 hours. In this alternative scenario, PORK may drop to the immediate support level at $0.0000003850. Technical Indicators Warn Of A Brief Correction For The PepeFork Price Technica...

Bitcoin ( BTC ) will reach a new all-time high in November next year and Binance is set to lose its ranking as the world’s biggest crypto exchange, says fund manager VanEck.  “After a combative election that saw Donald Trump win 290 electoral votes and regain the Presidency, raising optimism that the SEC’s hostile regulatory approach will be dismantled, we think the Bitcoin price will reach an all-time high on November 9th, exactly 3 years to the day from its last all-time high,” the fund manager said in a blog post on Dec. 7. A potential catalyst for BTC’s anticipated surge could be the $2.4 billion that the asset manager expects will enter the cryptocurrency market via crytpo ETFs (exchange-traded funds) in the first quarter of 2024. Binance Dethroned As Top Crypto Exchange It also predicted that Binance will be dethroned next year as the world’s biggest crypto exchange by volume. That is in large part because it is “now facing...

New Binance CEO Richard Teng couldn’t say where the world’s biggest crypto exchange is based and avoided answering questions about its staff count and whether it would be audited in his first interview since succeeding co-founder Changpeng Zhao.  Speaking in a video interview with the Financial Times at a crypto conference in London, Teng said the crypto exchange had made mistakes in the past, acknowledged that its compliance had been inadequate relative to its size, and said that in the future it aims to be a “user-led” and “compliance-led” platform.  Teng took over from Zhao last month after the company’s co-found er stepped down as part of a $4.3 billion settlement with US prosecutors after it pleaded guilty to charges of money laundering and sanctions violations. Zhao agreed to plead guilty to a money laundering charge and to pay a $50 million fine. HQ Location ”Under Consideration” During the FT interview, digital...

The International Monetary Fund (IMF) is concerned about the fragmentation of crypto currencies as people across the world are adopting private cryptos over Central Bank Digital Currencies (CBDCs). That’s the view of managing director Kristalina Georgieva, who also urged central banks to quicken their efforts to roll out CBDCs before private cryptos fill the gap. “We may be at a point where the public sector needs to offer a little more guidance,” she said during a speech in Singapore earlier this month.  “Not to crowd out, not to disrupt, but to act as a catalyst, to ensure safety and efficiency – and to counter fragmentation.” With more than 120 countries already exploring CBDCs as an option, only 11, comprising Nigeria and other Caribbean players, have already launched their own “If anything, we need to raise another sail to pick up speed,” she said. “The world is changing faster than most imagined.” IMF Managing...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin holdings carried out through over-the-counter transactions have reached an all-time high of nearly 8,000 BTC. Ark Invest Reports Record-Breaking Bitcoin Held By Institutions In a remarkable shift in the financial landscape, Bitcoin, the world’s largest cryptocurrency, has witnessed a significant increase in institutional adoption. Ark Invest, a renowned asset management firm, released a report in June indicating that Bitcoin adoption in the institutional cycles is becoming even more prominent. The latest edition of The Bitcoin Monthly report by ARK Invest noted that Bitcoin stored on over-the-counter (OTC) trading desks has reached levels not observed in approximately one year. The amount of Bitcoin on OTC platforms had grown by 60% compared to the previous period, with approximately 8,000 Bitcoin currently held on these platforms. According to the ARK report, the incr...

Join Our Telegram channel to stay up to date on breaking news coverage What Trading on centralized exchanges (CEXs) grew 5.9% in the 2nd quarter of 2023 Why Investors are becoming more savvy about investing and more resilient to external forces What next Binance is likely to remain the dominant force in the industry for some time to come Centralized exchanges like Binance and Coinbase have experienced a 5.9% growth in total volume traded in Q2, according to data from CoinMarketCap. More data from The Block shows that trading volume on CEXs increased by 11.1% month-on-month, from $440.06 billion in May to $489.24 billion in June.  This increase has come despite the US Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase , two of the largest crypto exchanges in the world by trading volume.  Centralized Exchanges Outperform DeFi Platforms Trading volume on Binance increased from $209.06 billion in May to $239.63 b...

Join Our Telegram channel to stay up to date on breaking news coverage A new cryptocurrency called BEN2.0 has been recently attracting the crypto community’s attention. So much so that its price skyrocketed by over 270% in hours. According to DEXTools, the token became one of the most sought-after tokens the platform follows. However, it remains unknown whether BEN2.0 is the successor of the original BEN token or if this might be a scam project to rob investors of their money. What is BEN token? BEN is a meme-based cryptocurrency created by Bitboy Crypto — a developer otherwise known as Ben Armstrong. BitBoy Crypto is also a popular crypto YouTuber and a leading proponent of the coin. Thanks to his popularity and influence, the token achieved a high amount of success in the crypto industry, rising to significant value. The cryptocurrency has seen major surges, rising by over 100% in a 24-period. Early last month, BitBoy Crypto announced that he will distance him...

Join Our Telegram channel to stay up to date on breaking news coverage Robert Leshner, the founder of DeFi lending protocol Compound, has established a new company aimed at investing in short-term government securities. In a recent filing with the U.S. Securities and Exchange Commission (SEC), Leshner unveiled the name of the fund as Superstate. It will allocate 95% of its assets to U.S. Treasuries, government securities, collateralized repurchase agreements, and similar instruments. The filing, made on June 26 with the SEC, shows that Superstate’s fund will invest in ‘ultra-short duration government securities’, including U.S. Treasury bonds, government agency securities, and other government-backed instruments. While the fund will not directly invest in blockchain-based assets such as tokens and cryptocurrencies, it will adopt the blockchain as a record-keeping tool to monitor the shared ownership of specific stakeholders. Blockchain to hold trillions of ...

Join Our Telegram channel to stay up to date on breaking news coverage PEPE Enters a Sideways Trend in Anticipation of Additional Gains- June 26, 2023 Pepe’s rising trend has slowed as the altcoin trades below the $0.0000018000 high in anticipation of additional gains. The consolidation above the moving average lines indicates that the cryptocurrency will continue to rise. If the positive momentum continues, the altcoin is anticipated to reach a high of $0.0000020000. Pepe Price Statistics Data: •Pepe price now – $0.000001524 •Pepe market cap – $597M •Pepe circulating supply – 391,790,000,000,000 PEPE •Pepe total supply – $644,908,409 •Pepe Coinmarketcap ranking – Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000 Support Levels : $0.0000011000, $0.0000010000, $0.0000009000 Following the recent advance above the moving average lines, PEPE/USD is hovering above them in anticipation of additional gains. T...

Join Our Telegram channel to stay up to date on breaking news coverage EDX Markets has made a foray into the crypto market thanks to the backing of three powerhouse names. Based on a WSJ report, prominent financial firms Citadel Securities, Fidelity Investments, and Charles Schwab have supported the debut. Notably, these are the world’s largest market maker, the third-largest asset manager globally, and multinational services company respectively. Financial giants, led by #Fidelity, announced the launch of their own #cryptocurrency exchange 🤯 The exchange will be called #EDX Markets.#Fidelity, a company with ~$4 trillion under management, was rumored a couple of days ago that they would apply for a #Bitcoin ETF. pic.twitter.com/XF1L1MXJXp — Mia Brown (@MissMiaNFTs) June 20, 2023 Despite the recent regulatory crackdown by the Securities and Exchange Commission (SEC) and ongoing market volatility, EDX has already commenced executing trades and is preparing ...