Connect with us

Cryptocurrency

Latest Crypto Airdrops

Published

on

Last Updated on June 15, 2024 by Fellow Press

What Is a Crypto Airdrop?

A cryptocurrency ( shorten for crypto) airdrop is a way of promoting or marketing new coin by sending small amounts, called tokens, to wallet addresses of those who participate in the campaign.

Token or little coins of new virtual currency are given to active members of the blockchain community free of charge as a reward for their commitment through social media.

The marketing strategy is usually done on telegram, X, Facebook and other social media platforms to engage new members and publicity through retweeting and sharing.

The real focus for using crypto airdrop as a strategy is to promote awareness and circulation of a new token or coin.

Check below new crypto Airdrops:

June 27, 2024

MONIENAIRA


June 15, 2024

BounceTon

Gemzcoin

 

Cryptocurrency

BTC Price Faces ‘Double Top’ Risk — 5 Key Points for Bitcoin This Week

Published

on

Last Updated on July 8, 2024 by Fellow Press

The Bitcoin (BTC) price faces a precarious situation this week, with traders wary of a potential “double top” pattern and further declines.

Bitcoin closed last week at its lowest point in four months, raising concerns of a “dead cat bounce” among traders who fear further drops. The bearish sentiment has mounted as unrealized losses increase and forecasts predict more pain ahead.

The trading community is bracing for lower levels, with some anticipating a fall below $50,000. Despite the recent drawdown, historical data suggests there could be more downside to come. This has left many market participants, including speculators and Bitcoin’s “diamond hands,” anxiously monitoring the situation.

A mix of selling by the U.S. and German governments, along with Bitcoin reimbursements to Mt. Gox creditors, appears to be fueling the downtrend. The Crypto Fear and Greed Index, a barometer of market sentiment, has plunged into “extreme fear,” highlighting the market’s sensitivity to these developments.

Bitcoin showed signs of recovery over the weekend, bouncing $5,000 from previous lows, but the optimism was short-lived. BTC/USD returned to $54,300 by the weekly close, trading around $2,000 higher amid heightened volatility. Popular commentator Mark Cullen suggested that the recent strength might be a temporary bounce, predicting a continuation of the downtrend in the coming weeks.

Research firm Santiment noted the poor performance of both Bitcoin and altcoins, with Bitcoin down 2.3% in the past 24 hours, 8.6% over the past week, and 18.4% in the past month. Popular trader Tony “The Bull” Severino pointed out that Bitcoin closed below the lower Bollinger Band on the weekly chart, a signal that typically suggests increased volatility and potential further declines.

As Bitcoin navigates these turbulent times, market participants will be closely watching key indicators and external factors that could influence its price trajectory.

Continue Reading

Cryptocurrency

Binance Chief: FG Contacts INTERPOL, Soldiers Held Over Detainee’s Escape

Published

on

Last Updated on June 15, 2024 by Fellow Press

The Federal Government, on Monday, contacted the International Criminal Police Organisation and issued an arrest warrant for the apprehension of one of the detained executives of a global crypto-currency firm, Binance, Nadeem Anjarwalla, who escaped from lawful custody on Friday.

It was also gathered from the Office of the National Security Adviser that Anjarwalla, a suspect in the probe into the activities of Binance in Nigeria, used a Kenyan passport to escape, while his colleague was still in custody.

The escapee Binance official, who has British and Kenyan nationalities, escaped from Abuja through a Middle East airliner, as his firm in Nigeria confirmed that Anjarwalla was no longer in the country, adding that the company would cooperate with security agencies.

The escape shocked security agencies, as they revealed that the fleeing executive was kept in a ‘safe house’ guarded by soldiers, adding that the security guards on duty had been detained.

The Office of the National Security Adviser confirmed the escape of Anjarwalla in a statement issued in Abuja on Monday by the Head of its Strategic Communication, Zakari Mijinyawa, who stated that preliminary investigation showed that the escapee fled Nigeria using a smuggled international passport.

He noted that efforts were ongoing to arrest the suspect.

The statement read, “The Office of the National Security Adviser confirms that Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance in Nigeria, has escaped from lawful custody on Friday, March 22, 2024.

“Upon receiving this report, this office took immediate steps, in conjunction with relevant security agencies, Ministries, Departments, and Agencies, as well as the international community, to apprehend the suspect.

“Security agencies are working with Interpol for an international arrest warrant on the suspect. Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport.”

Mijinyawa noted that the personnel responsible for the custody of Anjarwalla had been arrested, adding that investigations were ongoing to unravel the circumstances surrounding his escape.

Continue Reading

Facebook

Trending