What is a bull trap, explained

December 26, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

A bull trap lures traders into thinking prices will keep rising, only to reverse and cause losses. Learn how to spot and avoid this common trading pitfall.

Another major U.S. cryptocurrency exchange criticized a report from New York’s Attorney General Wednesday, September 19, after it chose not to respond to a voluntary information request.Kraken, which is headquartered in California, joined one of the largest U.S. players Coinbase in denouncing certain aspects of Barbara Underwood’s report as unfair.Mentioning several times that Kraken “refused”…

Mark Zuckerberg’s stablecoin project Diem officially shuts down

Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative.Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other assets related to the Diem stablecoin project to its Silvergate Capital…

House Democrats want ethics probe on Trump over crypto projects

Democrat Representative Gerald Connolly said Donald Trump is unlikely to uphold a “single provision” of the Presidential Ethics Reform Act without intervention.

US crypto exchange Gemini launches in France after DASP registration

Gemini’s market entry comes as France has added at least 2% more crypto users over the past two years, according to the firm.

Ethereum Foundation wants a social media guru to help it ‘yap better’

The Ethereum Foundation is seeking a social media manager to share the most pressing Ethereum ecosystem developments and stories on social media platforms like X.

1 million Shiba Inu users can’t be wrong… can they?

With over one million token holders, Shiba Inu looks set for great things ahead, despite trading more than 50% below its all time high. 616 Total views 20 Total shares Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1 million holders mark — even though the memecoin is trading 50% below its…

‘Privacy-preserving computing is the future,’ says Secret Network’s Guy Zyskind after Quentin Tarantino NFT drop

On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators.While the NFTs…

US: Blockchain Security Co. BitGo Gets Regulator’s Green Light to Become Crypto Custodian

American crypto wallet and blockchain security firm BitGo has received a state trust company charter from the South Dakota Division of Banking, making it a qualified custodian for crypto, CNBC reports September 13.By creating its trust company, California-based BitGo will now be subject to regulatory scrutiny that encompasses know-your-customer (KYC) and anti-money-laundering (AML) checks and…

$5M staked in eight hours as community cautiously backs ETH 2.0

Staking is now available for Ethereum 2, but are the returns and conditions worth it? 252 Total views 7 Total shares The long awaited deposit contract for Ethereum 2.0 has finally been deployed opening the doors to staking opportunities for ETH holders.Deposits began in earnest with over $1 million in ETH landing in the contract…

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