Creditinfo, a global service provider for credit information and risk management solutions, has today announced the appointment of John Cannon as its Global Chief Commercial Officer (CCO).
The post XRP Poised For Massive Surge, Hints 3 Key Indicators Signal Potential Rally appeared first on Coinpedia Fintech News With the Ripple-SEC legal showdown nearing its end, the XRP community is on edge. Recent court filings reveal a significant move by the U.S. Securities and Exchange Commission (SEC), urging a New York judge to impose a hefty fine of nearly $2 billion against Ripple Labs. Meanwhile, Ripple Labs has until April 22, 2024, to respond, adding to the suspense surrounding the fate of XRP. Mickle, a prominent crypto YouTuber and market analyst, has recently conducted analyses indicating a potential shift in XRP’s price trajectory. These analyses highlight three key indicators suggesting a surge in value for XRP. 3 Key Indicators Crypto analyst Mickle has highlighted three significant indicators pointing towards a positive future for XRP following the resolution of the SEC lawsuit. Firstly, Mickle notes that XRP is currently undergoing a consolidation pattern, which historically precedes substantial price movements in cryptocurrencies. This pattern coinciding with the conclusion of the Ripple vs. SEC case suggests potential volatility and price appreciation for XRP. Despite a later drop, this spike showed how regulatory clarity affects XRP’s value. Weekly Bollinger Bands Secondly, Mickle draws attention to XRP’s Bollinger Bands on the weekly chart, which are indicating a squeeze. This phenomenon typically precedes significant price movements, and past instances have resulted in substantial rallies for XRP. Mickle referenced past occurrences in 2017 and 2020 where similar squeezes in XRP’s bands resulted in remarkable rallies, reaching up to 32,000% and 10,000% respectively. This suggests that XRP may be poised for a breakout shortly. XRP’s Performance Against Bitcoin Lastly, Mickle points out XRP’s historical performance against Bitcoin. Historical charts reveal that XRP is entering a zone that has historically led to exponential surges against Bitcoin, a pattern observed multiple times in the last decade. Each instance of entering this zone has been preceded by a consolidation period against Bitcoin lasting approximately 60 to 70 days. Following this consolidation, XRP has consistently recorded significant gains in value compared to Bitcoin. Overall, these indicators suggest a potentially bullish outlook for XRP post-SEC lawsuit, with the possibility of significant price appreciation once regulatory clarity is achieved. The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion fine against Ripple Labs, according to court filings. Stuart Alderoty, Ripple Labs’ chief legal officer, criticized the SEC and wrote that the company will file its response to the SEC’s motion next month. The SEC filing said that the “Defendant’s response shall be filed no later than April 22, 2024.”
The post Why Algotech Could Be a Better Long-Term Investment Than Bitcoin and Ethereum appeared first on Coinpedia Fintech News Algotech (ALGT) is capturing attention in the cryptocurrency world, promising distinct advantages that might make it a superior long-term investment compared to Bitcoin (BTC) and Ethereum (ETH). With its foundation in advanced algorithmic trading, Algotech leverages sophisticated AI to automate and optimize trading strategies. This not only enhances transaction efficiency but also increases potential returns, distinguishing it from traditional cryptocurrencies that focus more on transactions and decentralized applications. As investors look for assets that not only grow but also innovate, Algotech presents itself as an attractive option due to its unique technological solutions and strategic market approach. Bitcoin faces challenges amid price fluctuations and ETF outflows Bitcoin’s (BTC) price rally in 2024 has encountered a significant obstacle. After reaching a peak of $73,750 in March, the momentum slowed, with the price subsequently falling below $70,000. Some recovery has occurred, and Bitcoin’s price now sits at approximately $63,556.26, marking a 4.23% decrease over the last 24 hours. This recent downturn coincides with significant net outflows from spot Bitcoin ETFs on April 8th, marking the largest daily outflow since March 20th—a time that also saw substantial losses in the ETF channel and a corresponding drop in BTC prices. These outflows indicate a potential shift in investor sentiment, as some traders are stepping back from Bitcoin ETFs in the short term. This situation might suggest a broader market correction, or it could simply be a temporary market fluctuation. Market corrections are typically seen as consolidation phases that follow strong gains, and they can provide potential opportunities for new investors. However, brief dips are not unusual in the highly volatile cryptocurrency market. Potential Ethereum upgrade Electra could spark price revival Ethereum (ETH) is currently considering a significant upgrade known as Electra, which aims to enhance the platform’s functionality and user accessibility. This upgrade is part of a broader set of initiatives designed to improve Ethereum’s performance. During ongoing discussions, developers are exploring the inclusion of a feature called Max Element per Block (MaxEB) in the Electra upgrade, with a decision expected in the coming month. Parallel developments such as PeerDAS and advancements in light client technology are also integral to the upgrade. PeerDAS is crucial for increasing data availability, which could significantly improve network scalability and performance. Meanwhile, enhancements in light client technology could lessen the need for robust hardware and reliance on third-party services, promoting more decentralization and accessibility in the Ethereum ecosystem. Despite these promising developments, Ethereum’s price fell by 6.1% to $3,378 in the third week of March, largely due to increased market volatility. While the Electra upgrade could potentially boost Ethereum’s value, current price predictions indicate a possible correction ahead, attributed to market consolidation and a downturn in transaction activity on the network. Algotech (ALGT) enhances crypto trading with advanced risk management tools Algotech (ALGT), a new cryptocurrency in its third presale stage, is drawing attention in the crypto trading community for its innovative use of stop-loss orders to mitigate investment risks. These orders automatically sell an asset when it hits a predetermined price, reducing the potential for significant losses. This feature makes Algotech a compelling choice for investors concerned about market volatility. Additionally, Algotech collaborates with leading cryptocurrency exchanges, ensuring traders can connect seamlessly and access a wide array of trading pairs through its platform. This integration facilitates smooth trade executions and minimizes delays, enhancing the overall trading experience. Algotech (ALGT) is recognized as one of the best coins to invest in due to its reliance on detailed data analysis and quantitative research. Its decentralized blockchain network utilizes both historical and real-time market data, enabling traders to make well-informed decisions. Currently priced at $0.08 per token, Algotech has raised over $3.7 million and is nearing the $4 million milestone with more than a million tokens sold. The next presale stage is projected to increase the token price to $0.10, with just over 37 million tokens still available. To attract further investment, Algotech has launched a $250,000 giveaway, where ten lucky participants could win $25,000 worth of ALGT tokens each. Interested investors must contribute a minimum of $100 to participate in the presale. With its cutting-edge AI technology, Algotech is not only a leader in crypto trading but is also reshaping how trading is conducted in the cryptocurrency markets. For further details about Algotech: Visit Algotech Presale Join The Algotech Community
Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.
The post Best Altcoins To Buy For The Bull Market – Billion Dollar Jackpot, Ethereum Classic and Immutable X appeared first on Coinpedia Fintech News The cryptocurrency market is experiencing heightened activity, with established investors and newcomers seeking to capitalize on potential growth opportunities. Whispers of a bull market, a sustained period of rising prices, are circulating throughout the industry. A bull market typically arises from a confluence of factors, including increased investor confidence, positive media coverage, and technological advancements within the blockchain space. Established cryptocurrencies like Bitcoin and Ethereum experience significant price appreciation during these periods. However, the actual growth potential often lies with emerging altcoins that address specific market needs or disrupt existing industries. One such contender is Billion Dollar Jackpot (BDJ), a blockchain-powered platform that gamifies Formula 1 fan engagement. By leveraging the BDJ token, users can predict race outcomes and compete for a share of a massive end-of-season prize pool. This article will discuss BDJ, alongside Ethereum Classic (ETC) and Immutable X (IMX), to help investors make informed decisions as the market prepares for a potential upswing. BDJ Is Ready To Join The DeFi Paddock By gamifying the Formula 1 fan experience, Billion Dollar Jackpot is tapping into a sector full of revenue streams and expansion. Built on cutting-edge blockchain technology, BDJ boasts transparency, security, and a gamified prediction market. Users leverage the native $BDJ token to wager on race outcomes, accumulating points culminating in a massive end-of-season jackpot. BDJ transcends passive viewing, transforming fans into active participants with the chance to win big. The platform operates on a user-friendly platform. Users predict race finishes using $BDJ tokens, earning points for accurate predictions. A grand season finale pits all participants against each other, with the ultimate victor claiming a significant share of the prize pool. Furthermore, BDJ leverages the power of blockchain technology. This ensures secure, transparent predictions and verifiable results. $BDJ, the lifeblood of the ecosystem, fuels predictions, rewards participation, and unlocks exclusive features. The ongoing presale offers early access to $BDJ tokens at a potentially lucrative price point. Ethereum Classic: The Purist’s Choice Ethereum Classic is the original Ethereum blockchain, adhering to the principle of immutability. Launched in 2016 following a hard fork in the Ethereum blockchain, ETC prides itself on being the unaltered version favoured by those who believe “code is law.” ETC offers a unique proposition. It represents the pre-hard fork Ethereum, appealing to investors who value the original blockchain’s integrity. Moreover, ETC boasts a loyal community and a developing ecosystem of applications. However, while ETC has its merits, its scalability limitations and slower transaction speeds might hinder its potential in a fast-paced bull market. Is Immutable X The Future Of Web3? Founded in 2021, Immutable X (IMX) is a layer-2 scaling solution built on Ethereum. By leveraging StarkWare technology, IMX tackles Ethereum’s scalability woes, offering faster transaction speeds and lower fees specifically for the booming NFT gaming sector. IMX caters to the burgeoning play-to-earn space. It empowers a new generation of play-to-earn games by addressing Ethereum’s scalability constraints. Faster transactions and lower fees create a smoother gaming experience for users. Furthermore, IMX boasts collaborations with popular NFT games like Gods Unchained and Guild of Guardians. However, its focus on a specific niche might limit its appeal in a broader market upswing. Investors seeking a well-rounded contender with a unique use case and room for growth should seriously consider Billion Dollar Jackpot (BDJ) as the cryptocurrency market gears up for a potential bull run. BDJ capitalizes on the ever-growing F1 fanbase, offering a gamified and transparent experience with the potential for substantial rewards. Its secure, blockchain-powered platform and upcoming presale present an enticing entry point for those seeking to capitalize on the coming market surge. Find out more about BDJ: Website: https://racetoabillion.com/en Twitter: https://twitter.com/B_DollarJackpot Telegram: https://t.me/billion_dollar_jackpot
The post Crypto vs SEC : What if the SEC Wins? The Potential Ripple Effects on Crypto Markets appeared first on Coinpedia Fintech News In The Wolf Den’s recent report, they tackle a critical question: what if the SEC wins against the cryptocurrency industry? While industry players often exude confidence in their resilience, this report urges a deeper consideration of the potential aftermath if the SEC Wins the regulatory war. Let’s step in to know the consequences if the SEC emerges as a winner in crypto regulations. SEC vs Crypto: Battling out the Status With the blame of favoring Ethereum over XRP, SEC is not budging in the crypto war and will go to any extent to kill crypto. Under Gary Gensler’s leadership, the SEC is aggressively pushing to classify cryptocurrencies, including major players like Ethereum and Solana, as securities. SOL and ETH are the market’s hot pick, and this unfair move from the SEC may disrupt the upcoming bull market. This classification would subject them to stringent regulations and oversight, fundamentally changing their operations and price dynamics. It will create a ripple effect in the market. Beyond disrupting trading platforms and DeFi protocols, it could trigger panic selling and widespread uncertainty among investors. Delistings, regulatory challenges, and setbacks for related projects like NFTs and stablecoins could follow suit. Also Check Out : Is Gary Gensler Resigning? A Look at the SEC Chair’s Next Move Odds of SEC Winning Yet, despite these concerns, the likelihood of the SEC’s win remains relatively low. The crypto community’s bullish stance and support for threatened assets like Bitcoin and Ethereum are critical in maintaining resilience. The analyst urges investors to contribute without directly engaging with the SEC and consider investing in assets like Bitcoin or Ethereum. As the community grows, the SEC’s impact decreases. The market has not yet fully priced in the scenario of the SEC losing definitively to crypto, potentially driving unprecedented growth. Will ETH pass the security test? Looking ahead, Ethereum’s fate hangs in the balance as the SEC’s decision could impact the launch of its ETF. Ethereum’s price has declined due to a potential delay in approving Ethereum ETF approval by the U.S. SEC and a long-drawn investigation into Ethereum’s security status, weakening investor sentiment. Overall the report stresses that the market needs community support to beat SEC’s devil plans. Ultimately, while the threat of SEC intervention looms large, the crypto industry’s quick resilience and proactive measures offer hope for continued growth and innovation in the face of crisis.
Police have arrested 37 members of a criminal gang that operated a phish-for-subcription Website that duped up to 70,000 UK victims into entering their bank details at fraudulent internet sites.
Revolut has reportedly made a $100 million-plus bet on Mexico's remittance market to cover short-term expenses and plan for expansion.