The classification of ethereum as a security poses not only risks to the entire crypto market, but it could also likely lead to many crypto teams exiting the space. This designation might hinder progress and potentially reverse years of advancements in the cryptocurrency market. The U.S. Securities and Exchange Commission has likely delayed its decision […]
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North Korean Hacker Group Targets South Korean Crypto Firms With New ‘Durian’ Malware
The North Korean hacker organization Kimsuky has employed a new malware named “Durian” in targeted cyber attacks against at least two South Korean cryptocurrency companies, according to a report by cybersecurity firm Kaspersky. This malware variant, characterized by its multifunctional backdoor capabilities, was distributed through exploiting legitimate security software specific to South Korean crypto firms, […]
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Robert Kiyosaki Warns of US Dollar Collapse if BRICS Crypto Happens
Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country, leading to hyperinflation and the eventual collapse of the […]
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Turkey Prepares New Crypto Law to Align With International Standards
Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of […]
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279 Crypto Accounts Forfeited to US Government in North Korean Laundering Crackdown
The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision […]
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments come amid apprehensions about Tether’s alleged utilization by terrorist networks and nations under sanctions, such as Russia, aiming to circumvent U.S. economic sanctions. “The U.S. […]
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Match Systems Announces Recovery of $68 Million in Stolen Cryptex Crypto Assets
Match Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of million in stolen crypto assets from Cryptex, a cryptocurrency trading platform established in 2016. The specifics of the recovery operation have not been disclosed. In a recent social media post, Match Systems further stated: […]
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Nigerian Experts Say Past Central Bank Policies Drove Users to P2P Crypto Platforms
Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto trading. One stakeholder has urged participants in the Nigerian crypto space to ‘identify the bad actors […]
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Veteran Trader Peter Brandt Warns of SEC’s Full-Scale Assault on Crypto Staking — ‘It’s Going to Be a Bloodbath’
Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warned, cautioning that he believes it is “illegal as hell” and will be “attacked with all-out vengeance.” ‘It’s Going to Be a Bloodbath’ Veteran trader […]
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Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers
Cardano (ADA) looks primed to make that move to the upside, with crypto analyst Javon Marks revealing what could make the crypto token see a 15x increase in its price. Marks’ analysis comes amidst recent price predictions, which paint a bullish outlook for Cardano.
How Cardano Could See A 15x Increase In Its Price
Marks mentioned in an X (formerly Twitter) post that ADA has shown “major progress since breaking the resisting trend.” The crypto analyst also noted that the crypto token attempted to move over 200% toward the first target at .77709 and claimed that the recent pullback Cardano faced could strengthen it to achieve an even more parabolic rise.
This development is why Marks believes Cardano could rise to as high as .80 from its current price, representing a 1,500% increase for the crypto token. A rise to that level looks more feasible, considering that crypto analyst Altcoin Daily also recently predicted that Cardano will rise to in this bull run.
Meanwhile, crypto analyst Ali Martinez made an ultra-bullish case for Cardano, noting that the crypto token was currently mirroring its price action from 2019, when it made a price gain of over 4,000%. While Martinez acknowledged that history might not repeat itself, he suggested that Cardano could still make an impressive move similar to 2019.
For Cardano to experience such parabolic moves, the crypto token needs to see a reversal in its current downtrend. Crypto analyst Trend Rider hinted that could happen soon, noting that ADA was still holding its support level. According to him, if Cardano can hold on to this support for 1 to 2 weeks, the bears will tire, and the crypto token will bounce from its current price level.
Analyzing Cardano’s Bull Run
Dan Gambardello, the founder of Crypto Capital Venture, again suggested that Cardano’s price action in this bull run will likely mirror Ethereum’s in the last bull run. He noted that the former is currently around the level that Ethereum was at around the 2020 Bitcoin halving. As such, he expects Cardano to enjoy a similar success to the one Ethereum enjoyed in the last bull run.
The crypto analyst also assured that Cardano was still on track for its bull run, stating that it was also down over 90% from its all-time high (ATH) months after Bitcoin halved in the last bull run. As such, he still expects Cardano to make a run soon enough, just like it did in 2021.
The crypto analyst hinted that Cardano’s bull run would likely begin during the Altcoin Season. However, he wasn’t sure when this Altcoin season would likely start since Bitcoin hit a new ATH before the halving (which has never happened before). He added that this Altcoin season might not come until December. For now, the analyst noted that patience is the name of the game.