The post Potential Massive Surge If Ripple Becomes SWIFT’s Successor appeared on BitcoinEthereumNews.com. If XRP captures a small fraction of SWIFT’s transaction volume, its price could surge significantly, potentially reaching $100. Widespread adoption and regulatory clarity remain critical challenges for XRP to rival SWIFT’s global dominance. In line with the development where Ripple enhanced the […]

The post Australian Dollar loses ground as traders expect Fed to slow pace of rate cuts appeared on BitcoinEthereumNews.com. The Australian Dollar declines following the lower CPI data from its largest trading partner, China. The Commonwealth Bank of Australia expects the RBA to implement a 25 basis point rate cut in December. The US Dollar […]

The post How Bitcoin’s slight 3% rise caused an Open Interest surge appeared on BitcoinEthereumNews.com. Bitcoin’s Open Interest surged to over $19 billion after a $2.5 billion Futures liquidation. BTC faces strong resistance at $63,400, with recent price hovering around $62,700 after a 3% rise. Bitcoin’s [BTC] Open Interest experienced significant volatility following a recent […]

The post USD/INR weakens ahead of Indian WPI inflation data appeared on BitcoinEthereumNews.com. The Indian Rupee drifts higher in Monday’s Asian session.  Elevated oil prices and sustained outflows from local stocks weigh on the INR; RBI intervention might help limit its losses.  India’s Wholesale Price Index (WPI) inflation data will take center stage on Monday.  […]

The post South African Revenue Service Cracks Down On Crypto With New Tax Rules appeared on BitcoinEthereumNews.com. In an update shared over the country’s news agency, the South African Revenue Service (SARS) has called taxpayers to declare their digital currencies and other crypto assets through its Voluntary Disclosure Programme (VDP). Given the increasing popularity of […]

The post Gold price drifts lower amid modest USD strength, downside potential seems limited appeared on BitcoinEthereumNews.com. Gold price attracts some sellers and snaps a two-day winning streak amid a bullish USD. Expectations for a less aggressive Fed easing underpin the US bond yields and the buck. Geopolitical risks and bets that the Fed will […]

The post Bitcoin Volatility Persists in Retail Market for Eight Months, Says CryptoQuant CEO appeared on BitcoinEthereumNews.com. Bitcoin volatility has persisted in the retail market for eight consecutive months, according to Ki Young Ju, CEO of on-chain market intelligence firm CryptoQuant. This sustained period of fluctuation underscores the inherent unpredictability of Bitcoin as an investment […]

The post Zulu Network Hacked: Official X Account Compromised with Phishing Links appeared on BitcoinEthereumNews.com. Zulu Network hacked: The official X account of Zulu Network, a prominent ZK Bitcoin protocol, has been compromised, resulting in the posting of phishing links. According to a report by Odaily Planet Daily on October 14, 2024, users are being […]

The post Australia Launches First Ethereum Spot ETF: Monochrome’s IETH Set to Transform Crypto Investment Landscape appeared on BitcoinEthereumNews.com. Monochrome Asset Management is set to make a significant stride in the Australian investment landscape with the launch of the country’s first Ethereum spot ETF. Scheduled to commence trading on Cboe on October 16, 2023, the […]

The post South Africa Strengthens Compliance Efforts Targeting Crypto Taxpayers appeared on BitcoinEthereumNews.com. South Africa strengthens compliance efforts targeting crypto taxpayers, as the South African Revenue Service (SARS) announces the integration of crypto assets into its comprehensive compliance programs. This strategic move aims to enhance the detection and reporting of undeclared cryptocurrency holdings, ensuring taxpayers […]