Features Crypto News by Thebittimes.Com

1. Hong Kong Regulatory News This Week 1.1 Hong Kong Virtual Asset Trading Platform License Transition Period Ends, Platforms like Binance Still Not Fully Withdrawn link According to Hong Kong 01, the transition period for virtual asset trading platforms in Hong Kong has ended nearly a month ago, yet some international platforms remain operational, relying solely on a popup declaration to maintain a presence. Hong Kong 01's testing revealed that major international platforms such as Binance, OKX, and Bybit are still operational. It was found that Binance continues to operate, allowing new account registrations with local IP addresses and Hong Kong identity cards. Additionally, while some platforms do not accept Hong Kong residents, they allow registration with Mainland Chinese identity cards from Hong Kong. OKX, for instance, restricts selecting Hong Kong as an address but permits registration with Mainland Chinese addresses, supports Mainland Chinese ID verification, and allows re

BRICS inducted six new countries last year and only four accepted the invitation and joined the bloc. The United Arab Emirates, Egypt, Iran, and Ethiopia joined the alliance while Argentina declined the invitation. Saudi Arabia has kept the decision of joining on hold and is weighing its options. However, BRICS member India seems to be unhappy with the induction and plans to reject new invitations in 2024. Also Read: BRICS: China Warns of Trade War With European Union Both Russia and China are looking to invite many more countries to join the alliance during the 2024 summit. Russia and China aim to form a grouping to counter the US, Europe, and other Western allies. India believes that China and Russia are using BRICS as a stepping stone to fulfill their nationalistic demands. China and Russia are seeking revenge on the US using BRICS as a shield to fulfill their motives. Therefore, India is not keen on the discourse and might reject plans for expansion in the 2024 summit. “ India

In a surprising interview, billionaire, old-time Bitcoin (BTC) supporter and PayPal co- founder Peter Thiel question ed Bitcoin’s value pro position . Despite holding a “small position ,” Thiel warns of a “volatile, bumpy ride” moving forward, with no expected “dramatic” price increases. The interview was conducted for CNBC during the Aspen Ideas Festival and aired on June 28. In a two-minute clip, Peter Thiel starts question ing whether Bitcoin accomplishes its foundational vision, which is what interested him. Notably, Thiel mentioned the cypherpunk, crypto-anarchist, libertarian, and “anti-centralized government” ideals as a core for Bitcoin’s value proposition. However, he immediately raised the question of whether BTC really works the way it was supposed to. Picks for you Japanese Yen (JPY) struggles at a 38-year low against the U

Unlocking Opportunities: Trading and Mining on BNB Chain The Binance Smart Chain (BNB Chain) has emerged as a powerful hub for cryptocurrency enthusiasts, offering a multitude of opportunities in trading and mining. Known for its high performance and low transaction fees, BNB Chain has attracted a diverse range of users looking to maximize their investments and participate in the growing decentralized finance (DeFi) ecosystem. Trading on BNB Chain BNB Chain’s architecture supports fast and efficient trading, making it a preferred platform for both novice and experienced traders. The decentralized exchanges (DEXs) on BNB Chain, such as PancakeSwap, offer users the ability to trade a wide variety of tokens with minimal fees and slippage. The chain’s compatibility with the Ethereum Virtual Machine (EVM) allows for easy integration of Ethereum-based assets and applications, enhancing liquidity and trading opportunities. Additionally, the BNB token itself serves as a vital asset within the

Did you know that without sufficient trading volume, even the most promising tokens can fade away, lost in a sea of obscurity? There’s no denying it. Low trading volume can be a death sentence for tokens, making it difficult to attract investors, users, and even exchanges. It’s a classic catch-22: tokens need trading volume to gain traction, but they need traction to generate trading volume. This vicious cycle has trapped many tokens, leaving them struggling to stay floating in a market that demands constant motion. Yet, there is hope on the horizon. Volume boosting bots have emerged as a significant development, offering a solution to tokens struggling with low trading volume. In this article, we’ll delve into Solana volume boosting bots, how they work, their benefits, and how they can help your token thrive in a crowded mar

The Minu price plunged 6% in the last 24 hours to trade at $0.0000003609 as of 02:48 a.m. EST on trading volume that rose a fraction of a percent to $1.8 million. This comes despite the token getting listed on ChainSwap, enhancing the project’s exposure and visibility. New Listing Announcement @minu_coin Is Now Listed On #ChainSwap $MINU marks the first #BNB Chain token to list on ChainSwap, now featured in the listed tokens section!https://t.co/6JobgddHML While any compatible token can be traded on ChainSwap by simply searching its… pic.twitter.com/TDvfsdzA3U — Chain Swap (@chainswaperc) June 26, 2024 Minu Price Set For A Prolonged Breakout Rally Over The Consolidation Channel MINUUSD Chart Analysis Source: GeckoTerminal.com The Minu price, at the end of May, went through a markup phase to a high of $0.0000009362 before retracing back to the $0.0000003841 support level, according to data from GeckoTerminal . MINU has been trading within this range, in a consolidati

The Ponke price surged over 14% in the last 24 hours to trade at $0.3914 as of 7:40 a.m. EST as investors frantically buy the Solana token. This recent uptick in the PONKE price comes after the centralized exchange Crypto.com announced it has opened deposits for the crypto.  The exchange also announced that trading for the meme coin is live within its mobile app. Traders are able to buy PONKE using over 20 fiat currencies. The Ponke Price Breaks Multiple Resistance Levels 4-hour chart for PONKE/USD (Source: GeckoTerminal ) Bulls pushed the Ponke price above the resistance level at $0.3214 to flip the mark into support. In the 24 hours that followed, buyers continued to accumulate the crypto, resulting in it overcoming the next technical barrier at $0.3820 as well. Should PONKE maintain a position above $0.3820 for the next 8 hours, the altcoin might have the foundation needed to keep climbing in the short term. This could then lead to the Ponke price breaching the $0.

The SLUMBO price plummeted more than 29% in the last 24 hours to trade at $0.00006528 as of 12:00 a.m. EST. With this latest drop, SLUMBO is now down over 89% on the weekly timeframe, but still up more than 25% from its all-time low of $0.00005298. The SLUMBO Price Begins To Level Off 1-hour chart for SLUMBO/USD (Source: GeckoTerminal ) The SLUMBO price has entered a consolidation phase between $0.00000492 and $0.00026878 over the past few hours. As the crypto’s price starts to level off, this period of sideways trading might be the precursor to a strong move. If traders identify SLUMBO’s current levels as a buy opportunity, then the altcoin could attempt to flip the $0.00026878 resistance level into support. Thereafter, it might have the technical foundation needed to continue rising in the following 24 hours. If bulls capitalize on the potential opportunity, the SLUMBO price could climb to as high as $0.00052007. On the other hand, the bullish thesis might be invalidated if

The Fetch.ai price surged 24% in the last 24 hours to trade at $1.67 as of 4.15 a.m. EST on trading volume that skyrocketed 190% to $324.9 million. The project, which allows users to build, deploy, and monetize AI services using its technology, saw its token price skyrocket around the same time as NVIDIA stocks saw another dip, dropping by almost 7% in the last 24 hours. Currently, NVIDIA Corp stocks trade at $118.11 apiece, with some expecting the dip to continue. NVIDIA’s stock has also been down over 11% in the last five days, although it is still up 3.7% compared to this time last month. #Nvidia CEO Jensen Huang Sold $95 Million of Stock last week and now other Big Players are also Selling $Nvidia 🙂 Today also down by 6%. Down from $140 to $118. Meanwhile #Bitcoin is again falling and close to ₹60K. What’s next? pic.twitter.com/czN3vbKCqV — Amit Bhawani 🇮🇳 (@amitbhawani) June 24, 2024 Meanwhile, Fetch.ai’s FET token skyrocketed over 40% in the last week. However, the b

Introduction Exploring the cryptocurrency market reveals several standout tokens known for their potential for high returns. This analysis delves into three such digital currencies, each with robust market performance and substantial investor interest. PawFury(PAW): Must-Have Coin Pawfury (PAW) is quickly becoming a must-have coin for investors, thanks to its strategic initiatives and strong community support. The platform's user-first approach has been crucial in building a loyal base. During its presale, Pawfury (PAW) successfully raised $3.621 million. It was initially priced at $0.01008, with projections to rise to $0.036, making it a highly desirable asset for both new and seasoned investors. Shiba Inu (SHIB) Shiba Inu has seen a significant surge in trading volume, with a 30% increase in the past month, highlighting its growing popularity and potential for high-yield returns. This token's appeal is bolstered by a strong community and ongoing development in

Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility. After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving investors wondering what lies ahead. Related Reading Toncoin On Fire: Crypto Explodes To All-Time High – Can It Hit $10? 4 hours ago Technical analyst, Patel, believes he may have charted a course for the high-speed blockchain’s future, and it involves a refreshing beverage. Examining the weekly SOL/USDT chart, Patel identifies a classic “Cup and Handle” pattern, a bullish indicator that resembles, well, a cup and its handle. Frothy Past, Steady Handle: A Recipe For A Breakout? The “cup” portion of the pattern, according to Patel, stretches from mid-2021 to mid-2022, encompassing Solana’s meteoric rise and subsequent fall. The current consolidat