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Bitcoin and Altcoins Surprisingly Neck and Neck in Criminal Cases, Says Europol
Jul 23, 2024
Europol, the EU's law enforcement agency, claims that criminal cases involving Bitcoin are now on par with those involving altcoins. This sounds surprising, given the widespread belief that Bitcoin is utterly dominating the crypto market. Yet, it is time to say goodbye to the old prejudices. Altcoins are on the rise, whether you like it or not. Criminal world has spoken. This revelation comes from Europol latest Internet Organised Crime Threat Assessment (IOCTA). The report, released on Monday, highlights a surge in crypto use for illegal activities. Altcoins, in particular, are gaining traction among criminals. Ransomware attackers still prefer Bitcoin for payoffs. It's easier to get hold of than other tokens. But some crooks are branching out. They're now demanding payments in coins like Monero. Europol tweeted about the report's findings. "In 2023, millions of victims across the EU were attacked and exploited online on a daily basis," they said. The crypto market's evolution is opening new doors for scammers. Europol warns that the growing number of crypto ETFs could be ripe for exploitation. Investment fraudsters are getting savvy. They're increasingly converting Bitcoin to stablecoins like Tether's USDT. Why? Stablecoins are less of a rollercoaster ride when it comes to price. Investigators have noticed something interesting about Tether. It's popping up more on the Tron blockchain than Ethereum. The likely reason? Lower transaction fees on Tron. Non-compliant services continue to be a thorn in the side of crypto investigators. Some companies are playing ball with law enforcement. But offshore services? They're still a headache, often leading to drawn-out legal procedures. Crypto laundering got a facelift in 2023. Swapping services are all the rage among criminals now. They're using these to cover their tracks, swapping to privacy coins for anonymity and stablecoins for stability. Last month, Europol raised another red flag. Crypto mining could be a new frontier for money laundering. Criminals can use it to hide dirty money and even turn a profit. The BitClub Network case is a prime example. It showed how mining pools can fuel Ponzi schemes, robbing victims of hundreds of millions of euros.
Altcoins Bottom Out, Bitcoin Poised for All-Time Highs - Analyst
Jul 22, 2024
Crypto markets are heating up. Bitcoin has reclaimed the $67,000 mark. An analyst who nailed the 2022 crash is now bullish. Capo, a pseudonymous trader, shared his views on X. He's got 864,100 followers there. He reckons both Bitcoin and altcoins are set to pop. "BTC is pumping, especially after reclaiming $60,000-$61,000," Capo said. He added, "Altcoins also seem to have found their local bottom. In my opinion, the best is yet to come." On Telegram, Capo dug deeper into Bitcoin's prospects. He sees $73,200 as the next big target. That's after Bitcoin clears $68,000. "We should expect higher prices," he noted. "The main target would be the upper liquidity zone (red zone)." Bitcoin was trading at $67,339 at press time. It's been on a tear lately. Capo's not just bullish on Bitcoin. He's eyeing altcoins too. He's watching the OTHERS chart closely. It tracks smaller cryptos' total market cap. OTHERS flipped $240 billion from resistance to support. Capo sees this as a green light for altcoin rallies. "Nice bounce from the blue zone," Capo observed. He added, "Now the next step is a clean reclaim of the green zone, starting with bullish price action above the blue line. That would be a sign of strength." OTHERS was sitting at $242.914 billion when we checked. It's been climbing steadily. Capo's also got his eye on FET. It's the token of Artificial Superintelligence Alliance. This project merged three AI-focused protocols: Fetch.ai, Singularitynet, and Ocean Protocol. FET retested $1.25 as support. Capo's bullish on it. He simply stated, "A chart is worth a thousand words." FET was trading at $1.46 at the time of writing. It's been holding up well in the current market.
These Three Memecoins Set for Massive Rally, Claims Crypto Analyst
Jul 18, 2024
A leading crypto strategist reckons dogwifhat (WIF) is on the brink of a 350% surge. Bluntz, a pseudonymous analyst, shared this bold prediction with his 265,200 Twitter followers. Bluntz bases his forecast on the Elliott Wave theory. This theory suggests bullish assets typically experience a five-wave rally after an ABC corrective move. WIF currently trades at $2.21. Bluntz believes its ABC correction is done and dusted. He's betting on a massive upswing. "$10 WIF is coded by law," Bluntz declared. He added, "Once it starts properly going, do you think all those people who missed the last run from cents to $5 are going to miss round two? Not a chance." But WIF isn't the only memecoin on Bluntz's radar. He's also got his eye on Floki (FLOKI). Bluntz reckons FLOKI has wrapped up its ABC correction. He predicts a rally to a new all-time high around $0.00045. The analyst spotted a bullish divergence on FLOKI's daily chart. This could signal a trend reversal. "Floki is right up there as one of my favorite memes at the moment," Bluntz stated. He added, "Clear as day macro ABC structure done, five waves clearly visible within the C and high time frame [bullish divergence] at the lows. All-time high en route, in my opinion." FLOKI currently trades at $0.00019. Bluntz's third pick is Popcat (POPCAT), a Solana-based altcoin. He's bullish on POPCAT after it broke through its last resistance level at $0.72. These predictions might seem far-fetched. But in the wild world of crypto, stranger things have happened. Only time will tell if Bluntz's crystal ball is on the money or if these memecoins will end up in the doghouse.
XRP Abruptly Surges 35%, Sparking Bullish Sentiment
Jul 17, 2024
XRP has jumped 35% this week. Traders are buzzing about a potential breakout. They're eyeing a long-term trend on the price chart. The crypto world is abuzz over XRP. It's seen a massive 35% price gain in a week. Many are wondering if it's due for a breakout. XRP is now trading at $0.60. That's up from $0.43 on July 10. This comes amid a broader crypto market rally, according to CoinMarketCap data. Crypto analysis firm Santiment noted the excitement. "With XRP making an emergence this week, bullish narratives have erupted," they wrote on X. Some traders are making bold predictions. Crypto Michael, a pseudonymous trader, wrote on X: "We might be about to witness one of the most significant breakouts in crypto history." He's talking about a bullish pennant pattern on XRP's chart. It's been forming for seven years. That's a long time, even for crypto. "In all my years of trading crypto I have NEVER seen a 7 year long bull pennant," he added. XRP's been on a rollercoaster this year. Since January 1, it's traded between $0.71 and $0.41. That's a 75% range. Some traders are going all in on XRP. Crypto commentator Amonyx boldly stated: "XRP is going to new ATH this cycle, and there's nothing you can do about it." For context, XRP's all-time high is $3.40. That was back in January 2018, according to CoinGecko data. Another commentator, Dark Defender, is watching a specific price point. "It's crucial not to underestimate the master fundamental level for XRP, which is $0.6649," he wrote. That's only 10% away from current levels. Dark Defender's prediction is pretty out there. He says once XRP hits that level, we'll see "multiple God Candles." These are massive price spikes on trading charts. He even called it "Heaven's Stairway." Talk about hyperbole. The price jump has attracted more traders. Open Interest for Bitcoin has shot up 58% to $727.88 million in five days. That's the highest in three months, according to CoinGlass data. So, is XRP really headed for the moon? Or is this just another crypto pipe dream? Only time will tell. But one thing's for sure – the crypto market never fails to keep us on our toes.

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