Building LNbits the WordPress for Your Bitcoin Lightning Node With Ben Arc

Ben Arc and the talented team of developers behind LNbits are helping users do more with Lightning.

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HEX founder Richard Heart suspected of tax evasion in Finland

Richard Schueler, aka Richard Heart, is already at the center of an SEC suit. Now, he has issues in Finland, his chosen country of residence.

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Glassnode Founders Say Bitcoin Crash To $37,000 Wouldnt Be A Bad Thing, Heres Why

Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldnt be sad about such a massive price decline for the flagship crypto.  Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they wont be mad about the price crash because it would give them an opportunity to buy more BTC at such low levels. The Glassnode co-founders wont hesitate to buy the dip as they are confident about Bitcoin reaching a new all-time high (ATH) in this market cycle.  Related Reading: Super Guppy Indicator Shows XRP Is Ready For A Surge To $99 In an earlier X post, they stated that Bitcoins next run-up to $70,000 will likely see it break its current ATH of $73,000, reached in March earlier this year. Happel and Allemann added that BTCs parabolic rally would be driven by a strong altcoin undercurrent, predicting that the altcoin season could occur soon enough.  The Glassnode co-founders could get their wish of Bitcoin dropping to $37,000 before hitting a new ATH as crypto Zoran Kole recently predicted an imminent price crash for the flagship crypto. Kole mentioned in an X post that he believes that the low $40,000 range is coming next for Bitcoin.  The analyst further highlighted a very clear Head-and-Shoulders pattern developing on Bitcoins chart, which showed that the flagship crypto could drop to as low as $36,000. He added that this bearish pattern coincides with a yearly open retest with a strong case for a bounce right below the current yearly low of $38,500. Kole revealed that breaking the weekly bearish market structure could invalidate this trade setup. That means Bitcoin needs to rise above $65,000 to confirm a bullish reversal. Crypto analyst Jelle also suggested that $65,000 is the level Bitcoin needs to break above to enjoy a parabolic rally to a new ATH.  BTC Breakout To Happen In Next Few Weeks Crypto analyst Rekt Capital has offered a more bullish outlook for Bitcoin, stating that history suggests the BTC breakout could happen in the next few weeks. He also revealed that Bitcoin is close to reclaiming the reaccumulation range and resynchronizing with post-halving price tendencies. This could lead to the parabolic uptrend, which the analyst had previously mentioned is the next stage of the halving cycle.  Related Reading: Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash In another X post, Rekt Capital indicated that it was important for Bitcoin to close this month above the quarterly level at $58,800. He stated that a close above this price level would fully confirm Bitcoins successful retest of this price range as support.  At the time of writing, Bitcoin is trading at around $58,400, down over 2% in the last 24 hours, according to data from CoinMarketCap.   Featured image created with Dall.E, chart from Tradingview.com

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El Salvadors Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0

The National Bitcoin Office (ONBTC) of the Office of the President of El Salvador, led by Stacy Herbert, aims not just to help further integrate Bitcoin into El Salvadors economy but foster a cultural, artistic and psychological renaissance.

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Telegram Under Ban Threat In Indonesia For Alleged Pornography & Gambling, TON Price Dive Deepens

Following the recent arrest of Telegram CEO Pavel Durov in France, the messaging platform is facing escalating legal challenges across multiple countries. Local media reports indicate that Indonesia is contemplating a ban on Telegram due to its alleged facilitation of pornography and online gambling activities. Global Scrutiny On Telegram According to a local media report, Indonesian Communication and Informatics Minister Budi Arie Setiadi has voiced strong concerns, stating that the Ministry has already warned Telegram about its content moderation practices.  Per the report, Minister Budi Setiadi emphasized that if evidence of illegal content is confirmed, the government would take decisive action to block the platform. This intensifying legal scrutiny comes on the heels of a troubling incident in Central Java, where a 20-year-old resident, identified as MAFA, was arrested for allegedly managing a child pornography group on Telegram. The Indonesian authorities are reportedly monitoring the platform for further violations. Related Reading: Solana Price (SOL) Slips: Will a Break Below $140 Trigger More Downside? In France, Durov’s legal troubles have deepened since his arrest at Le Bourget Airport. The Paris prosecutors office has reported that he faces 12 serious charges, including complicity in child pornography sales, drug trafficking, fraud, and failure to cooperate with investigations.  Durov has since been granted bail under strict conditions: he must pay 5 million, report to police twice a week, and remain within French territory. Paris prosecutor Laure Beccuau confirmed that there are sufficient grounds to investigate Durov on all charges related to his initial arrest. However, the legal challenges for Telegram extend beyond France and Indonesia, as the Indian government has also launched an investigation into the platform.  As reported by NewsBTC, authorities in India are examining claims that Telegram is being used for criminal activities, including extortion and gambling. Similar to investigations underway in France and Indonesia, the messaging platform could face potential bans in these countries. TON Price Continues To Struggle Toncoin (TON) plunged about 20% after Durov was arrested outside Paris on August 24, before paring some of those losses. TONs total value locked (TVL) has fallen to $357 million from a high of $769 reached in July, according to data provider DefiLlama.  In the wake of this price crash, certain Toncoin supporters perceived an opportunity amidst the chaos. DWF Labs, a crypto market maker with a stake in the token, seized the moment to invest “millions” of dollars in Toncoin following the decline, as confirmed by co-founder Eugene Ng to Bloomberg.  Related Reading: Bitcoin Forecast: Expert Reveals 4 Reasons To Be Bullish On Q4 Despite the efforts to stabilize Toncoin’s value, the cryptocurrency has struggled to regain its footing. The TON price has continued its downward trajectory, showing no signs of recovery with a further 1% drop in the 24-hour timeframe. The token has sustained substantial losses over the past month, amounting to nearly 17%, currently trading at $5.54. In case of further price retracements, bullish investors will need to keep a close eye on the $5.15 and $4.87 marks, the largest support levels for the token on its daily TON/USDT chart. Featured image from DALL-E, chart from TradingView.com

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Has Telegram violated EU laws, and why has its founder been charged in France?

As Telegram CEO and founder Pavel Durov is now released on a $5.6 million bail, France, as an EU member state, continues working on the case.

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Telegram is under investigation in India: Report

India has an estimated 104 million Telegram users, according to World Population Review, and represents the platforms largest user base globally.

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Justin Sun Potential $66 Million Loss Revealed As Ethereum Price Declines

Following a widespread crypto market crash on Friday, the price of Ethereum took a severe price hit falling by about 10%. While the prominent altcoin has made a minor recovery since then, its price slip has revealed some vital information on the holdings of Tron founder and key crypto figure Justin Sun. Related Reading: Doomsday for Ethereum? A Crash Down To $1,500 Is Coming, Says Skeptic, Heres Why Justin Sun $66 Million Loss, Motive For Massive Bitcoin Buy Offer? Amidst the market mayhem on Friday, blockchain analytics platform Spot on Chain shared an intriguing report on Justin Suns investments in Ethereum. In an X post, Spot on Chain stated that Sun has allegedly acquired 361,000 ETH (worth $1.1 billion) over the last five months.  The Tron founder reportedly made this investment using three different wallet addresses purchasing 169,604 ETH with 0x7a9 in February at an average price of $2,870, 176,118 ETH with 0x435 in April at  $3,177, and 15,416 ETH with 0xdbf in June at $3,474.   Spot on Chain noted that the aforementioned addresses always received ETH deposits from Binance following Suns stablecoin deposits on the exchange thus leading to suspicions that the Tron founder served as owner of these wallets. Following the repayment of creditors by defunct exchange Mt. Gox, coupled with a consistent massive Bitcoin sell-off by the US and German governments, the price of Bitcoin has plummeted by 10% over the last two days falling as low as $53,717. Unsurprisingly, this decline soon extended across the crypto market, with Ethereum crashing by a similar percentage to trade at $2810, marking its lowest price in the last five months. At that point, Justin Suns alleged ETH investments reached a $66 million loss.  Interestingly, the Tron founder had reached out to the German government on Thursday to negotiate the sale of their remaining BTC holdings valued at $2.3 billion in a private transaction order. However, it remains unknown if the German government will take up this offer as Sun attempts to reduce the impact of their constant BTC sell-offs on his personal investments and the general crypto market. At the time of writing, Ethereum has shown resilience since its earlier slump rising by about 5% to currently trade at $2,975. In tandem, the tokens daily trading volume is up by  47.33% and valued at $30.47 billion. Related Reading: Analyst Predicts Ethereum Nosedive, Cautions Investors To Prepare For $2,700 Target Solana, Others Record Market Gains Amidst Market Crash While the general cryptocurrency remains in a downtrend, with the total market cap down by 1.02%, several assets have managed to stay afloat providing investors with some form of relief. According to data from CoinMarketCap, Solana is one of these assets, with a 4.99% daily gain alongside other prominent tokens such as Avalanche (AVAX) and Shiba Inu with respective gains of 3.99% and 3.70% respectively. Notably, prominent meme coin dogwifhat leads the resistance with the highest daily gain of 12.28%. Featured image from Bloomberg, chart from Tradingview

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Hamster Kombat hits 239M users in 81 days Telegrams Durov

Telegram founder Pavel Durov says Hamster Kombats viral success could onboard over 200 million people to blockchain technology.

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AAVE founder issues health warning to crypto founders after undergoing surgery

AAVE founder Stani Kulechov says he rarely ever thought about his health while reflecting a day after completing critical surgery.

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Seedless Keys And DLCs: How Lava Is Making Bitcoin Custody Easy

Shezan Maredia, founder and CEO of Lava, is working to create an easy-to-use and secure Bitcoin financial app. Lava Vault, a state-of-the-art self-custody wallet, is its newest feature, while Lava Loans is on the way.

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Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH

Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency.  Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million to buy 1,614 ETH tokens at an approximate price of $3,097 per ETH.  Related Reading: Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Heres When Spot On Chain revealed that since February 8, 2024, Sun has purportedly purchased a total of 362,751 ETH tokens at an estimated cost of more than $1.11 billion, with an average price of $3,047 per ETH. This massive ETH transaction was executed via three crypto wallet addresses.  Additionally, the analytics platform noted that the Tron founder recently deposited 45 million USDT to Binance, a major crypto exchange, suggesting the possibility of new intentions to buy more Ethereum soon. The crypto founder has often received ETH coins from Binance right after depositing his stablecoin into the exchange.  Interestingly, Suns newest ETH purchase comes as the FOMO surrounding Spot Ethereum ETFs is growing stronger in the crypto market. Previously in June, Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC) announced that Spot Ethereum ETF trading will officially launch in the summer. As a result, the broader crypto market has been looking forward to the debut of a digital asset that could potentially trigger a major rally for ETH. Before his $5 million ETH purchase, Sun had supposedly recorded a major loss after Ethereum declined by 10% on July 7. Spot On Chain disclosed that the Tron founder may have lost $66 million in the volatile market, erasing the initial $58 million profit he had gained just a day earlier.    Ethereum Whales Enter Accumulation Phase Despite the recent declines experienced by Ethereum, the FOMO and excitement surrounding Spot Ethereum ETFs may have triggered a change in market sentiment and investors’ demand for the cryptocurrency. According to prominent crypto analyst, Ali Martinez, Ethereum whales are back to accumulating ETH.  The analyst disclosed that the cryptocurrency had witnessed a brief distribution period, potentially triggered by Ethereums low market performance and subsequent drop to $3,055 as of writing. In addition to ETH, Bitcoin (BTC) has also declined significantly, plummeting by more than 14% over the past month.  Related Reading: Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow? While whales show renewed interest in Ethereum, crypto analysts predict further price declines in the cryptocurrency following the launch of Spot Ethereum ETFs. However, as demand for Ethereum ETFs rises and market conditions stabilize, ETH could see its price potentially rising as high as $8,000 this market cycle.  Featured image created with Dall.E, chart from Tradingview.com

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Hoskinson Reveals How Cardano Could Flip Bitcoin

Cardano founder Charles Hoskinson outlines Cardanos vision to surpass Bitcoin with innovation, new listings, and advanced governance, targeting a multi-trillion…

The post Hoskinson Reveals How Cardano Could Flip Bitcoin first appeared on The Crypto Basic.

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Foundation Devices Aims To Build The iPhone Of Bitcoin Hardware

Foundations co-founder and CEO Zach Herbert is on a mission to create Bitcoin products with the sleekness and usability of Apple devices but that also protect user privacy and are built with open-source code.

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Cardano Founder Criticizes Bidens Crypto Policies, Urges Voters to Prioritize Crypto

Cardano founder Charles Hoskinson urges U.S. voters to prioritize cryptocurrency in the forthcoming elections, criticizing Biden’s policies. In a video…

The post Cardano Founder Criticizes Bidens Crypto Policies, Urges Voters to Prioritize Crypto first appeared on The Crypto Basic.

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Bitcoin price wont dramatically increase from here, says billionaire

Peter Thiel also believes that Bitcoins original vision as a cypherpunk, crypto-anarchist freedom tool hasnt been fulfilled.

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Krakens Jesse Powell donates $1M in crypto to Trump campaign

Jesse Powell, the Kraken co-founder, backs Trump with $1 million in Ether, supporting pro-crypto policies against regulatory crackdowns.

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Cardano Founders Comment Triggers 96% Drop in Cardano Meme Coin

Cardano-based meme coin RIO dropped 96% after Cardano founder Charles Hoskinson revealed his pet parrot’s real name is Daisy, not…

The post Cardano Founders Comment Triggers 96% Drop in Cardano Meme Coin first appeared on The Crypto Basic.

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Bitcoiner contributes to Julian Assanges freedom, pays $500K debt in BTC

A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition.

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Cardano Founders Pig NIKE Sparks Memecoin Craze, Market Cap Nears $1 Million

A memecoin inspired by Cardano founder Charles Hoskinson’s pet pig Nike has captured the community’s attention. Within just 12 hours of Hoskinson‘s post on X, NIKE’s market capitalization soared close to $1 million, underscoring the volatile and often unpredictable crypto market dynamics. Cardano Founder Sparks New Memecoin The genesis of the NIKE token was a simple, casual tweet by Hoskinson, featuring his pet pig, Nike. The tweet rapidly captured the imagination of the Cardano community, leading to the creation of a new memecoin named NIKE. Fun Fact: I have a pig named Nike pic.twitter.com/53KeeYD1Sf Charles Hoskinson (@IOHK_Charles) June 17, 2024 Within hours of its introduction, NIKE exhibited an astonishing surge in its valuation. According to data from TapTools, the token’s price quickly escalated. Trading metrics painted a picture of frenetic activity: the token’s price increased by an unprecedented 60,200% when it reached $0,00089. Related Reading: Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024 The market’s reception to NIKE has been vibrant, with the token swiftly climbing the ranks to become one of the most actively traded within the Cardano ecosystem. As per the latest metrics by taptools.io, NIKE’s 24-hour trading volume stood at $616,000, featuring 2,304 buys and 1,432 sells. The buy volume reached $316,955 while the sell volume was slightly lower at $284,505, indicating a robust but balanced trading interest. Liquidity figures were equally compelling, with the token maintaining a pool of $47,900. The largest NIKE token holder commands a significant 19.37% of the total supply, a factor that adds a layer of risk concerning potential price manipulation or future sell-offs. This trader is followed by holders with 5.58%, 3.35% and 2.93% respectively of the 1 billion token supply. Currently, there are 668 holders of NIKE. The rapid ascent of NIKE has elicited a spectrum of reactions from the crypto community. While some enthusiasts are optimistic about the playful engagement and the potential for profit, others express concern about the speculative nature of such developments. Related Reading: Cardano and MultiversX Attend Launch Of Web3 Initiative In Geneva With Launch of Lightningbox One user commented on the phenomenon, noting, This is everything that’s wrong with Crypto and why a lot of people will never feel comfortable investing in it. Another user jokingly asked: “What other animals do you have?”, which would probably have initiated the creation of another memecoin if the farm owner Hoskinson had replied. Hoskinson expressed his shock and wrote via X, “I’m at a loss that a picture of my pig has resulted in a memecoin that is nearly at a million dollars in under 12 hours.” I’m at a loss that a picture of my pig has resulted in a memecoin that is nearly at a million dollars in under 12 hours. pic.twitter.com/Hzhe0qjkI0 Charles Hoskinson (@IOHK_Charles) June 18, 2024 As NIKE continues to garner attention and trading volume, it could potentially pose a challenge to SNEK, the previously dominant memecoin in the Cardano ecosystem with a market cap of $74 million. While SNEK remains far ahead in terms of total valuation, the sudden rise of NIKE highlights the dynamic and ever-changing landscape of memecoins within the crypto market. At press time, ADA traded $0.373. Featured image from X @IOHK_Charles, chart from TradingView.com

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