The Indonesian government plans to raise taxes on cryptocurrency transactions, effective immediately starting from August 1. The new law will apply to overseas exchanges, domestic exchanges and more. According to a recent Reuters report, a new finance ministry regulation is…

Indonesia set to raise crypto transaction tax for exchanges, by how much?

Over 10 million have been potentially targeted by a malware campaign designed 
to steal crypto and credentials, say cybersecurity researchers at Check Point.

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Ethena’s total value locked has surged by an impressive 50% in the past month, 
with ENA posting significant price gains. According to DeFiLlama data, 
Ethena&#8217;s (ENA) TVL was $8.44 billion at the end of July. Compared to $5.46 
billion at…

Ethena’s TVL tops $8B after 50% monthly gain — can ENA sustain uptrend above $0.60?

A high-profile crypto fraud imploded as AML Bitcoin’s founder was sentenced to 
seven years in prison after duping investors with fake tech, fake deals, and 
lavish spending. AML Bitcoin Crashes With 7-Year Prison Verdict and No Real 
Tech Behind It The U.S. Department of Justice (DOJ) announced on July 29 that 
Rowland Marcus Andrade, founder […]

AML Bitcoin Founder Sentenced as DOJ Uncovers Lavish Fraud Fueled by Lies

XRP price started a downside correction below the $3.120 zone. The price is 
now attempting a recovery and might aim for a move above the $3.1650 level. 
XRP price is attempting to start a fresh increase from the $3.00 zone. The 
price is now trading below $3.180 and the 100-hourly Simple Moving Average. 
There is a bearish trend line forming with resistance at $3.150 on the hourly 
chart of the XRP/USD pair (data source from Kraken). The pair could start 
another increase if it stays above the $3.00 zone. XRP Price Eyes Upside Break 
XRP price started a fresh decline below the $3.20 zone, unlike Bitcoin and 
Ethereum. The price declined below the $3.120 and $3.080 support levels. The 
bears even pushed the price below the $3.020 support zone. Finally, the bulls 
appeared near the $3.00 level. A low was formed at $2.999 and the price is now 
attempting a recovery wave. There was a move above the $3.050 and $3.080 
levels. The price surpassed the 23.6% Fib retracement level of the downward 
move from the $3.330 swing high to the $2.999 low. The price is now trading 
below $3.150 and the 100-hourly Simple Moving Average. There is also a bearish 
trend line forming with resistance at $3.150 on the hourly chart of the 
XRP/USD pair. On the upside, the price might face resistance near the $3.150 
level. The first major resistance is near the $3.1650 level. A clear move 
above the $3.1650 resistance might send the price toward the $3.20 resistance. 
Any more gains might send the price toward the $3.250 resistance or even $3.30 
in the near term. The next major hurdle for the bulls might be near the $3.350 
zone. Another Drop? If XRP fails to clear the $3.1650 resistance zone, it 
could start another decline. Initial support on the downside is near the 
$3.080 level. The next major support is near the $3.00 level. If there is a 
downside break and a close below the $3.00 level, the price might continue to 
decline toward the $2.920 support. The next major support sits near the $2.850 
zone where the bulls might take a stand. Technical Indicators Hourly MACD – 
The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $3.080 and $3.00. Major Resistance Levels – $3.1650 and 
$3.20.

XRP Price Consolidation Deepens – Resistance Still Capping Upside

Ethereum price found support near the $3,680 zone. ETH is now rising and might 
soon aim for a move toward the $4,000 zone. Ethereum started a fresh increase 
above the $3,740 and $3,800 levels. The price is trading above $3,820 and the 
100-hourly Simple Moving Average. There was a break above a bearish trend line 
with resistance at $3,810 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could start a fresh increase if it remains supported above 
the $3,800 zone in the near term. Ethereum Price Eyes Fresh Gains Ethereum 
price started a downside correction from the $3,940 level, like Bitcoin. ETH 
price declined below the $3,900 and $3,800 support levels. The bears even 
pushed the price below the 50% Fib retracement level of the upward move from 
the $3,515 swing low to the $3,940 high. Finally, the price spiked below 
$3,700 and the 100-hourly Simple Moving Average. It tested the $3,680 support 
zone. The bulls protected the 61.8% Fib retracement level of the upward move 
from the $3,515 swing low to the $3,940 high. The price is again rising above 
the $3,750 level. There was a break above a bearish trend line with resistance 
at $3,810 on the hourly chart of ETH/USD. Ethereum price is now trading above 
$3,820 and the 100-hourly Simple Moving Average. On the upside, the price 
could face resistance near the $3,880 level. The next key resistance is near 
the $3,920 level. The first major resistance is near the $3,940 level. A clear 
move above the $3,940 resistance might send the price toward the $3,980 
resistance. An upside break above the $3,980 resistance might call for more 
gains in the coming sessions. In the stated case, Ether could rise toward the 
$4,050 resistance zone or even $4,120 in the near term. Another Drop In ETH? 
If Ethereum fails to clear the $3,880 resistance, it could start a downside 
correction. Initial support on the downside is near the $3,800 level. The 
first major support sits near the $3,720 zone. A clear move below the $3,720 
support might push the price toward the $3,680 support. Any more losses might 
send the price toward the $3,565 support level in the near term. The next key 
support sits at $3,500. Technical Indicators Hourly MACD – The MACD for 
ETH/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now above the 50 zone. Major Support Level – $3,800 Major 
Resistance Level – $3,880