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Meme Coin Warning: CZ Foresees Pain for Some Traders Chasing Viral Coins

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Binance founder Changpeng Zhao (CZ) warned traders that his casual X posts are not meme coin buy signals, highlighting how hype-driven speculation, bot trading, and FOMO repeatedly trigger rapid token launches and losses across crypto markets. CZ Clarifies His Tweets Aren’t Meme Coin Signals Changpeng Zhao (CZ), founder and former CEO of Binance, shared on […]

Bitcoin rose above $92,000 as BlackRock ETF moved $300 million to Coinbase Prime

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The asset manager sent 3,290 bitcoin, worth about $298 million, along with 5,692 ether valued near $17.8 million.

Revolut to tackle impersonation scams

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Challenger bank Revolut has introduced a new security measure designed to thwart the rising threat of impersonation scams.

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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The in-app call identification feature will detect in real-time when users are on a call and verify if callers are genuine Revolut agents or scammers. 

According to Revolut, the increased use of AI deepfakes has made impersonation scams much more effective – only 25% of people can accurately detect a deepfake voice, making live phone calls a “critical vulnerability”. 

Rami Kalai, product owner at Revolut, says: “As fraudsters adopt AI and advanced deepfake tools, we need to innovate fast to defend our customers and stay ahead of rapidly evolving fraud threats. This new feature not only gives users real-time, contextual warnings in the moment they need them most but also guides them to identify impersonation scams providing clear, actionable steps to keep their money safe while the fraud attempt is happening.”

The new security feature adds to other product relases made by Revolut to address financial scams over the last two years, including biometric verification to protect users from transfer mugging and greater use of machine learning to detect risky transactions. 

 

Bitcoin 5% Surge Driven By Spot Buys, $100K On Horizon: Analysts

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Bitcoin’s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying. 

“Seems like this rally on Bitcoin is led by spot buying,” crypto analyst Will Clemente said in an X post on Tuesday. Over the past 24 hours, Bitcoin (BTC) has rallied 4.65%, trading at $95,190 at the time of publication, according to CoinMarketCap. 

Traders shorting the asset were caught offside, with $269.21 million in Bitcoin short positions liquidated, according to CoinGlass data.

Source: Will Clemente

It is a bullish sign for Bitcoin (BTC) holders as spot buying means investors are buying the underlying asset itself, rather than paper contracts like Bitcoin futures or options, which can inflate prices without real demand.

“Quite clear” Bitcoin is going to run to $100,000

MN Trading Capital Michaël van de Poppe said in an X post on Tuesday that it is “quite clear that this is going to run to $100K in the coming week and that dips are for buying.” 

Bitcoin has failed to reclaim the $100,000 level after falling below it on Nov. 13 last year. 

According to crypto prediction markets platform Polymarket, Bitcoin has 51% odds of reclaiming $100,000 by Feb. 1 and a 23% chance of reaching $105,000. 

Historically, January has been a modest month for Bitcoin, averaging a 4.18% gain since 2013, while February has typically been much stronger, delivering an average return of 13.12%.

Van de Poppe added, “the bull market hasn’t died, it’s about to start.” 

Crypto sentiment at extreme lows for over two months

If Bitcoin returns to the six-figure price level, it could spark new excitement across the market, according to crypto sentiment platform Santiment.

“There will likely be retail FOMO creeping in if crypto’s top asset begins teasing $100K in the next few days, ” Santiment said in an X post on Tuesday.

Related: Bitcoin shrugs off CLARITY Act delay by rallying above $93K

Crypto sentiment has been largely negative since early November, following the significant $19 billion market liquidation on Oct. 10. 

The Crypto Fear & Greed Index has bounced between “fear” and “extreme fear” over this period. On Wednesday, the index posted a “fear“ score of 26.

Magazine: Big questions: Would Bitcoin survive a 10-year power outage?