Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world’s leading banks seek to leverage XRP’s fundamental strengths as a cross-border payments system. BCBS Highlights XRP Dominance In The Banking Sector The Basel Committee on Bank Supervision (BCBS) has recently published its first data collection template report on banks’ holdings of crypto assets. This report gives detailed insight into the....
Shiba Inu Sees A Whopping 48,000% Increase In The SHIB Burn Rate, What’s Next?
The Shiba Inu community has again ramped up its SHIB burning efforts, causing a massive burn rate spike. Despite SHIB’s tumbling price in the past seven days, Shiba Inu’s burn rate has recorded a nearly 48,000% increase. The SHIB community is determined to cut down the Shiba Inu circulating supply, a feat that many believe will positively impact the token’s price. SHIB Community Intensify Token Burn Efforts Following Slight Decline According to data from the Shiba Inu burn tracker, Shibburn, the SHIB burn rate has spiked 47,908% in the last 24 hours. The SHIB ecosystem swept 28.129....
Solana To Hit $82 – ‘And Beyond’ – This Top Trader Predicts
Solana (SOL) continues to dominate the crypto chatter with its recent ascent to an 18-month pinnacle, nearly hitting the $70 mark and capturing the gaze of eager investors. The limelight on the crypto extends beyond its price surge, as DefiLlama reports a noteworthy surge in the trading volume across Solana’s decentralized exchanges (DEXs). In the […]
Bitcoin, Ethereum, XRP: Banks’ Crypto Holdings Exposed By BCBS
In an unprecedented analysis, the Basel Committee on Banking Supervision (BCBS) has unveiled a comprehensive report detailing the involvement of banks in crypto assets like Bitcoin, Ethereum, and XRP. The data, which marks a significant step in understanding institutional engagement in the crypto sector, reveals that total crypto exposures reported by banks stand at approximately […]
XRP Price: Cup And Handle Pattern Hints At Short-Term 208% Surge
In a new technical analysis, crypto analyst Dark Defender has identified a bullish ‘Cup and Handle’ pattern on the XRP daily chart, signaling the potential for substantial gains. The pattern, which is characterized by a ‘cup’ resembling a rounding bottom and a ‘handle’ indicating a slight downward drift, suggests a continuation of an upward trend. Dark Defender notes, “XRP formed a cup & handle pattern in the daily time frame. We set targets for $1.05 & $1.88 with the Elliott Waves, and now the Cup-Handle pattern is also blinking XRP to reach the....
Dogecoin To Go Parabolic In Six Months? Analyst Reveals Major Targets
Dogecoin has been on the radar of many top crypto analysts over the last few weeks because its indicators have been flashing bullish for the longest time. The meme coin has also not performed at the same level as some other altcoins, hence the widespread belief that it will see a delayed but explosive move. […]
Solana Captures Institutional Investors’ Attention, Inflows Rise To $135 Million
Solana has held its stance among altcoins, registering inflows more than any other cryptocurrency besides Bitcoin last week. Institutional investment products have witnessed consecutive eight weeks of inflows, with some cryptocurrencies receiving a greater amount of inflows than others. According to the new CoinShares report on digital asset funds, the majority of this money went into Bitcoin products as the crypto continues to attract investor interest in light of recent developments in the crypto industry. Solana Gains Momentum Among Institutional Investors Solana has been on an....
U.S Senator Slams SEC Over Kraken Scrutiny
US Senator Cynthia Lummis has recently criticized the United States Securities and Exchange Commission (SEC)’s regulatory approach over Kraken, the San Francisco-based cryptocurrency exchange, without clear crypto rules. US Senator’s Critics Toward The SEC Approach Over Kraken On Monday, November 20, the United States Securities and Exchange Commission (SEC) filed a lawsuit against the US-based […]
Bitcoin About To Smash The $38,000 Barrier – Decoding the Next Moves
Bitcoin (BTC) price reclaimed $37,000 on Monday as the crypto market started the week strongly and with investors regaining confidence in the market. On-chain analysis identifies the key reasons that could propel BTC prices higher this week. Bitcoin was up 1.77% and was halfway to the vaunted $38,000 level at the time of writing, with its trading volume soaring 21% to a little over $14 billion. The recent gains in the crypto’s price have also helped it to erase some of its recent losses, as evidenced by a surge of around 0.55% in its price over the last seven days. Anticipation Of Bitcoin....
AI And Blockchain Fusion: Unmasking The 3 Game-Changing Projects Of 2024
An important paradigm shift has occurred in the cryptocurrency environment as a result of the convergence of AI and blockchain technology, which has given birth to a group of influential pioneering AI blockchain projects. Emerging from the price spike in various AI-related cryptocurrencies, the cryptocurrency universe is currently experiencing quite a commotion, following the recent […]
Spot Bitcoin ETF Is ‘A Buy The News’ Event: Pantera Capital CEO
The potential approval of a spot Bitcoin ETF in the United States has stirred considerable attention in recent weeks. Dan Morehead, CEO and founder of Pantera Capital, has now shared valuable insights on this matter in his latest “Blockchain Letter”, emphasizing the unique circumstances surrounding this event. Morehead challenges the traditional Wall Street mantra, “Buy the rumor, sell the news,” questioning its relevance in the current spot ETF context. He reflects on how this adage played out historically, specifically citing the CME Futures launch and Coinbase’s public listing.....
Will Argentina’s Milei Adopt Bitcoin As Legal Tender? Expert Analysis
Javier Milei’s election as Argentina’s president has sparked intense debate within the Bitcoin community about the potential adoption of BTC as legal tender. Samson Mow, the CEO of Jan3 and a key player in nation-state Bitcoin adoption, has now offered an insightful analysis on this matter. Mow, instrumental in Bitcoin Bonds in El Salvador and […]
Bitcoin Fees Soar Above Ethereum’s As Investors Flock To Ordinals-Backed Assets
CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US. This hesitation has coincided with a remarkable surge in the top crypto’s average transaction fees, soaring over 1,000% to reach a peak of $18.67 on November 16,....
Bitcoin And Solana Lead Institutional Inflows: CoinShares
In the latest weekly report “Digital Asset Fund Flows” from CoinShares, Bitcoin and Solana are emerging as leaders in institutional inflows, indicating sustained interest from sophisticated investors in the cryptocurrency market. James Butterfill, head of research at CoinShares, elaborated on the trend: “Digital asset investment products saw inflows totaling $176 million last week, marking an […]
BNB Price Momentum Reignites – Why Bulls Could Aim For 15% Rally
BNB price gained momentum and climbed above the $250 resistance. It is up over 5% and the bulls could soon aim for a move toward the $300 level. BNB price is moving higher above the $250 resistance. The price is now trading above $255 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support at $253.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above $268. BNB Price Jumps 8% These past few days, BNB price remained stable above the $240 resistance. The bulls....
Ethereum Price Clears Hurdle – A Strengthening Case For More Upsides
Ethereum price started a fresh increase above the $1,950 resistance. ETH is consolidating and might aim for a move above the $2,070 resistance. Ethereum remained stable and started a fresh increase above the $1,950 level. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $2,010 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $1,985 support. Ethereum Price Eyes More Gains After forming a base above the $1,900 level,....
Bitcoin Price Uptrend To Continue? These Factors Could Spark Fresh Surge
Bitcoin price is showing positive signs above the $37,000 resistance zone. BTC seems to be eyeing an upside break above the $38,000 resistance zone. Bitcoin started a fresh increase and climbed above the $37,000 zone. The price is trading above $37,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $36,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum once it clears the $37,800 and $38,000 levels. Bitcoin Price Extends Increase Bitcoin price remained stable and started a fresh....
Endgame For Binance? US DOJ Seeks $4 Billion Settlement, CZ Braces For Charges
In a significant development, the US Department of Justice (DOJ) is reportedly pursuing a resolution with Binance, the world’s largest cryptocurrency exchange by trading volume. According to Bloomberg, negotiations between the two parties include the potential for Binance founder Changpeng Zhao, also known as CZ, to face criminal charges as part of the agreement. The […]
AVAX Open Interest Climbs 10.4% To $224 Million, Is $30 Possible?
The open interest for AVAX has been on a consistent rise over the last month, carrying the price of the altcoin along with it. The result of this continuous climb is the fact that the open interest has now surged to May 2022 levels, a development that could spell a massive rally for the price. AVAX Open Interest Surge To $224 Million According to data from Coinglass, the AVAX open interest has now climbed to $224 million. The website shows that there was an over 10% increase in the open interest in a 24-hour period which brought the total open interest above 10.04 million AVAX. Related....
Bitcoin Hashrate And Difficulty Reach New All-Time Highs, What This Means
Bitcoin is up by 124% this year, outperforming stocks, bonds, and commodities to take the crown of the best-performing asset class. The world’s largest cryptocurrency had a strong performance in October especially, jumping 29% from its October bottom of $26,752 to end the month around $34,500. BTC has since broken above the $37,000 level in […]
History Backs Buying The Bitcoin Dip Before Halving, Here’s Why
According to Rekt Capital on X, Bitcoin (BTC), the world’s most valuable crypto by market capitalization, could edge even higher after halting its mining rewards in April 2024. Rekt Capital, a crypto analyst and trader, explains this preview is based primarily on BTC’s historical performance before and after halving mining rewards. Time To Double Down […]
BREAKING: Kraken Exchange Under Siege, SEC Files Lawsuit
In the US Securities and Exchange Commission’s (SEC) ongoing regulatory crackdown, regulators have turned their attention to US-based crypto exchange Kraken. According to recent reports, the SEC has filed a lawsuit against the exchange, accusing it of operating an unregistered trading platform for cryptocurrency assets. The complaint alleges that Kraken has generated substantial fees and […]
Clear Skies: Why Bitcoin Overhead Resistance Is Weak
Bitcoin price is only at $37,500 — a far cry from former all-time highs around $68,000. However, one visual technical analysis tool could show that overhead resistance is weak, and that the top cryptocurrency could rip right through what’s left. Could BTCUSD be back at all-time highs faster than most are ready for? Bitcoin Price Breaks Above The Monthly Ichimoku Cloud Technical analysts rely on a variety of tools to help provide signals to visually inspect and either manually or automatically take positions based on the results. One such tool, created by a Japanese journalist Goichu....
Key Events That Will Drive The XRP Price To $10
As another trading week opens up for investors, metrics for various cryptocurrencies, including the XRP price, are beginning to turn bullish once again. Amid this, there are key events that could drive the altcoin’s price toward $10 in the coming years, so here is a rundown. Ripple Settlement With The SEC Coming Out Lower One […]
SOL Price Forecast Takes Bearish Turn, Prepare For Potential Plummet To $30 O...
Solana (SOL) has emerged as a prominent player in the dynamic world of cryptocurrency, showcasing a remarkable uptrend and delivering substantial gains. Despite a modest 3.6% correction in SOL price over the past 24 hours, the native token of the blockchain platform has recorded a significant increase of 43% over the past fourteen-day period. However, the sustainability of these gains may be in jeopardy, as the SOL price appears poised for a significant decline and deep correction following an impressive 346% surge over the past year. SOL Price Vulnerable To Significant Drop, $30 In Sight....
3 Altcoins Set To Skyrocket In Next Crypto Bull Run, According To Analyst
Several altcoins have garnered attention for their potential in the next bull run. Nick, a prominent crypto analyst and host of the Cheeky Crypto YouTube channel, has pinpointed three specific altcoins that he believes are poised for significant growth in the forthcoming market surge. Based on current market trends and developments, Nick’s analysis highlights these altcoins for their unique features and potential growth trajectories. These predictions offer insights into which could be the next big movers in the crypto world. Related Reading: Crypto Analyst Projects $7 Trillion....
Crypto Market Expert Identifies The Trigger For 600% Bitcoin Price Surge
In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of Spot Bitcoin ETFs and the inflows that could follow. Related Reading: Argentina Welcomes First Pro-Bitcoin President, BTC Price....
ADA Price (Cardano) Breaking This Confluence Resistance Could Restart Rally
Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels. ADA price is moving higher above the $0.375 pivot level. The price is trading above $0.380 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.420 level or even $0.450. Cardano Price Rally Could Soon Restart After a steady increase, Cardano saw a downside correction from the....
Ethereum Price Rally In Jeopardy? Decoding Key Hurdles To Fresh Increase
Ethereum price started a fresh increase from the $1,900 support. ETH is now facing resistance near $2,020, above which it could accelerate higher. Ethereum found support near $1,900 and started a decent increase. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong increase if it clears the $2,020 resistance zone. Ethereum Price Faces Hurdles This past week, Ethereum price started a downside correction from the....
Bitcoin Price Regains Strength As The Bulls Aim For $40K
Bitcoin price started a fresh increase above the $37,000 resistance zone. BTC could accelerate higher once there is a clear move above the $37,350 resistance. Bitcoin started a fresh increase from the $35,500 support zone. The price is trading above $36,700 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $36,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up toward $40,000 if it clears $37,350 and $38,000. Bitcoin Price Restarts Increase Bitcoin price found support near the $35,500....
Testing the Waters: OpenChat To Experiment With Facial Recognition In Blockchain
In a bid to elevate the user experience, OpenChat is steering towards a new frontier where conversations are not just exchanges of words, but authentic connections facilitated by advanced technology. The innovative chat application operating on the revolutionary Internet Computer blockchain acknowledges the imperative to authenticate users and deter the proliferation of multiple profiles by […]
Kronos Research Halts Operations After Losing $26 Million In Security Breach
Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system. Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized access to its API keys. Consequently, the company lost a significant amount of crypto funds and has halted all trading operations in a bid to launch a full investigation into the incident. A map of funds outflow by....
Bitget Director Gracy Chen On The Role Of Women In The Constantly Evolving Wo...
In the dynamic and ever-changing crypto space, women have continually made their mark, challenging gender norms and contributing significantly to the growth and advancement of the crypto sector. One of the leading women in the crypto space today is Gracy Chen, the Managing Director of Bitget, a prominent crypto exchange and Web3 company. Gracy Chen […]
Hashkey-Affiliated Wallet Sells Over $90 Million ETH In 10 Days – Report
A wallet linked to Hong Kong-based crypto exchange Hashkey has reportedly sold over $90 million worth of Ethereum in the past 10 days. This massive selling activity appears to have triggered a slight decline in the ETH market, sparking speculations on the token’s price trajectory. Related Reading: Ethereum Price Holds Ground – Indicators Suggest Fresh Surge To $2,120 Crypto Whale Conducts Massive Ethereum Sell-Off According to a Sunday post on X by blockchain analytics platform, Lookonchain, a crypto wallet with the address “0xD26e ” sold off 50,115 ETH, valued at $97.7 million,....
Ripple CTO On How The XRP Ledger Is Powering Asset Tokenization
Ripple CTO David Schwartz recently sat down to chat about how the XRP Ledger is enabling a revolution in the tokenization of real-world assets. While speaking in a recent interview, Schwartz noted his excitement around the XRP ecosystem graduating from the investors’ obsession with the XRP token to a more generalized interest in the functionalities […]
Crypto Analyst Predicts XRP Price Will Reach $1.35 As These Metrics Heat Up
XRP has experienced a small decline in value over the past few days, coinciding with a period of consolidation in the broader cryptocurrency market after four weeks of consecutive price increases. Although data from CoinMarketCap at the time of writing puts XRP being up by 1.78% in the past 24 hours, a larger seven-day timeframe shows it is still down by 8.68%. On the other hand, price metrics including open interest on futures contracts and a bullish divergence with the RSI indicate the potential for a significant increase in the value of the token in the near future. Crypto Analyst....
OpenAI Board Mulls Sam Altman’s Return As Worldcoin (WLD) Recovers From Price...
According to multiple reports, the board of OpenAI, the company behind ChatGPT, has been in talks with ousted CEO Sam Altman about a return to the company. This development comes following the heavy criticism of the wider tech community on the board’s decision to abruptly fire the Worldcoin founder. In a shocking statement on Friday, […]
Cardano Founder Courts OpenAI’s Sam Altman – What Does He Want To Build?
OpenAI recently announced a shocking leadership change with Sam Altman being ousted as CEO. After five years of being at the helm of taking OpenAI from a $0 to $80 billion valuation, the AI company is now at a crossroads with Altman departing and former Chief Technology Officer (CTO), Mira Murati taking over as interim CEO. Altman hasn’t provided specifics of his next actions; however, he has posted on social media that he “will have more to say about what’s next later.” In light of this, Charles Hoskinson, the creator of Cardano, sees a window of opportunity.....
dYdX Founder Calls Foul Play In $9 Million Insurance Fund Loss
Decentralized exchange (DEX) dYdX had to take out millions from its insurance fund to cover user liquidations on its platform. This action was forced after the recent liquidations in the Yearn.Finance (YFI) market. What Led To The $9 Million Insurance Fund Withdrawal? On Saturday, November 18, the Yearn.Finance’s governance token (YFI) witnessed a drastic 43% […]
Yearn Finance Tumbles: Rug Pull Rumors Swirl As Token Takes A 45% Hit
Recent data analysis reveals a significant decline in the performance of YFI, the native token of the Yearn Finance platform. In a dramatic overnight development, the native token of the Yearn Finance ecosystem witnessed a staggering 40% plunge. This downturn in YFI’s performance prompts a closer examination of the intricate dynamics within the decentralized financial landscape. The abrupt and substantial drop has ignited a wave of speculation within the community, with some expressing concerns about the possibility of an exit scam. Much of its recent profits was wiped by the slump.....
Dogecoin Metrics Signal Impending Breakout, How High Can The Price Go?
Dogecoin is definitely on a rally as shown by crypto market numbers. The cryptocurrency has experienced a significant market increase amidst a wider consolidation, with the price up by 7.46% in the past seven days. Although the price of DOGE was recently pushed back down today by some level of resistance near $0.087, it has since bounced back up again at $0.082. At the time of writing, DOGE is trading at $0.084, an increase of 2.4% from this support level. This indicates that the bulls are not ready to give up buying momentum. According to a recent post by crypto analyst Rekt Capital on....
Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here’s When
The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts. Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches. Altcoins To Go Parabolic Again? In a post on X, Mags put forward....
Shiba Inu Shibarium Network Listed As Top 5 Active Network By Node Operator
The Shiba Inu ecosystem has achieved another milestone, with Shibarium ranking amongst the top five active networks on the NOWNodes platform. Shiba Inu Layer 2 Network Celebrates New Achievement NOWNodes, a blockchain as a service solution platform has taken to X (formerly Twitter) to announce a new accomplishment for the Shibarium Network. The blockchain node […]
Bitcoin Model That Predicted $60K Peak, Now Points To $732K Next
Bitcoin price can be unpredictable. But shockingly, a specific model managed to predict the peak in 2021 at above $60,000 as far back as 2019. That same model is now pointing to a peak range near $732,000 per coin. Is this a realistic estimate, or pure hope? Let’s take a closer look at the model […]
Failed Bearish Signal Could Send Bitcoin To $85K Next Month
Bitcoin recently gave a bearish signal, which ultimately failed to produce a meaningful pullback. Due to the technical failure, historical data suggests that in only a matter of a month BTCUSD could set a new all-time high and reach a target of $85K per coin. Here’s why. Why Failed Bearish Technicals Produce Bullish Breakouts In technical analysis, certain patterns are considered characteristically bearish or bullish. For example, the ascending triangle is a typically bullish-leaning pattern, but only breaks upward 63% of the time. The other 37%, the pattern breaks down bearish. Because of....
The Race Is On: Fidelity Investments Just Filed For An Ethereum Spot ETF
The cryptocurrency market has been experiencing a major surge in interest surrounding Ethereum Spot ETFs and Fidelity Investments has joined the race with its newest filing. Fidelity Investments File For ETH Spot ETF American multinational financial service corporation, Fidelity Investments has decided to get actively involved in the ongoing Ethereum ETF mania. The mutual funds […]
Ethereum Whistleblower Reveals When Proof Of ETH Founders’ Fraud Will Be Rele...
Amid the ongoing Ethereum scandal, former Ethereum advisor and attorney Steven Nerayoff has recently revealed how he plans on sharing proof of Ethereum founders’ fraud activities in the early days of the cryptocurrency asset. Ethereum Founders’ Fraudulent Acts To Be In Lawsuit Following an X (formerly Twitter) post by a user Heidi from Crytotips, the crypto enthusiast was seen trying to underscore the lack of authenticity from Nerayoff’s claims. According to her, his accusations were a no-brainer due to the disclosure lacking proof of his accusations. Related Reading:....
This Prediction Reveals How Long It Will Take XRP Price To Cross $10
XRP is one of the few cryptos with impressive price action this year. The cryptocurrency has been in the public eye for the past few months, as traders wait eagerly for XRP to embark on a major bull run ultimately. However, the crypto has been down for the past few days amidst ongoing market consolidation. Price action shows that XRP is down by 9% in a 7-day timeframe and is currently trading at $0.59. A recent price prediction made by the cryptocurrency exchange Changelly suggests that the value of XRP could skyrocket to the moon very soon. Its new price forecast says it could surge over....
Poloniex Confirms Hacker’s ID, Involves Police In Investigation
Crypto exchange Poloniex claims to have confirmed the identity of the party behind the $126 million hack of its platform. In addition, the crypto exchange has also invited the local police of multiple nations into its investigation as it looks to recover these stolen assets. On November 10, Poloniex, which is majorly owned by TRON […]
Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value. In the past week alone, Kaspa’s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape. The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform, hitting a....
