Binance APAC Head SB Seker believes India needs its own rupee-pegged stablecoin, arguing it would let Indian users and institutions hedge against dollar volatility instead of remaining exposed to currency swings beyond their control. “Having Indian rupee stablecoins will be critical because it allows users and institutions in India to reduce the exposure they have
Peter Schiff warns that Bitcoin hacking will become easier due to AI and quantum computing. Peter Schiff, a critic of Bitcoin, has renewed his long-standing criticism of the cryptocurrency industry by taking advantage of one of the biggest hardware wallet security incidents in recent years. Coldcard hack shakes up the market In the wake of
Bitcoin started the week under pressure, falling to the $62,229 level after seeing a liquidation of $146.66 million. This came even after U.S. President Donald Trump announced that he had canceled a planned military strike on Iran to give diplomacy another chance. Top crypto analysts suggest that $BTC is trapped between two major liquidity zones,
Bitcoin fell under $63,000 on Monday as the Coinbase Premium Index, a proxy for US institutional demand for Bitcoin, reached its 77th day in the red. Bitcoin has traded at a persistent discount on Coinbase relative to international exchanges since May 19, with the latest premium rate at -0.1369%, according to Coinglass. As of Monday,
Transactions by large investors who have been inactive for a long time in the cryptocurrency market continue to be closely monitored. On-chain analytics platform Onchain Lens reported that 730 $BTC were transferred from the wallet of a Bitcoin whale that had shown no activity for four years. The transfer, worth approximately $46.12 million at current
Bitcoin trades at $62,726 on August 3, down 1.22%, pressing against the $62,000 horizontal support as spot ETFs post their first negative week in a month and a hardware wallet exploit pulls sentiment lower. Price remains below all four EMAs on the daily chart, with RSI sliding under 50 to 44.32, keeping momentum firmly on
After enjoying a substantial recovery through most of July, Bitcoin ($BTC) began reversing later in the month, and Finbold’s artificial intelligence (AI) predictive machine learning algorithm estimates that the latest downtrend will persist by August 31. Specifically, after analyzing the cryptocurrency using a variety of technical tools, including moving averages (MA), the relative strength index