Bitcoin has broken above the $28,000 mark as on-chain data shows the key BTC wallets have been accumulating during the last few weeks. Bitcoin Sharks & Whales Have Been Accumulating During Past Month According to data from the on-chain analytics firm Santiment, the large BTC wallets have accumulated a combined $1.17 billion in the cryptocurrency […]
Optimism (OP) has posted notable gains today, October 2, trading at $1.45, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days. OP’s rise coincides with the improvement in the general crypto market, which showed a remarkable recovery. However, whether OP will sustain the ongoing rally remains to be seen. But a close look at a few technical indicators may provide vital insights into its next price moves. OP Approaches Overbought Zone As Buyers Sustain Rally OP continues to show positive price momentum as buyers dominate the market.....
Pro-XRP legal expert John Deaton has again come for the US Securities and Commission’s (SEC) Chairman Gary Gensler in its battle against Ripple. This time, he questions Gensler’s competence and calls for his dismissal from the Commission. Gensler Doesn’t Know What Security Means In a tweet shared on his X (formerly Twitter) platform, Deaton stated that […]
Analysts have unveiled their forecasts for October as the Bitcoin (BTC) price has pushed past the $28,000 mark. The cryptocurrency is currently experiencing an upward trajectory in October, firing up hopes for a productive month. Analysts Predict A Bullish Run For Bitcoin Price In October The month of October also referred to as Uptober in the crypto community has always been a bullish month for Bitcoin with a lot of gains. The cryptocurrency has always finished October with gains, doing so 8 of out 10 times since 2013. Related Reading: Crypto CEO Very Bullish On XRP Price, Sets Make Or....
Crypto analyst Egrag has unveiled a new analysis predicting a significant surge in the price trajectory of XRP. Based on his examination of the 1-day chart patterns of XRP, he suggests three primary phases for its future price – labeled as White, Blue, and Green. The ‘White’ phase, which Egrag claims has already concluded, saw XRP settle at $0.93. The ‘Blue’ phase, currently ongoing, aims for a target of $1.5. The ‘Green’ phase, which will begin after the completion of the ‘Blue’ phase, sets an ambitious target of $4.5. The Roadmap For XRP....
Fragments of Satoshi Nakamoto’s secret identity, the genius responsible for the birth of Bitcoin (BTC), have resurfaced, shedding new light on the creation of the world’s first cryptocurrency. This revelation comes in the form of an email, hitherto undisclosed, bearing the date of August 22, 2008. The email, directed to computer scientist Wei Dai, offers […]
Amid global expansion moves, Coinbase announced on October 1 that it secured a new Major Payment Institution (MPI) license in Singapore. This license will enable it to expand its digital asset payment services to Singapore’s retail and institutional customers. The MPI license comes one year after Coinbase obtained an in-principle approval from Singapore’s Monetary Authority […]
Central banks worldwide must be proactive in adapting to the fast-evolving crypto landscape, urged Cecilia Skingsley, the head of the Innovation Hub at the Bank for International Settlements (BIS). Speaking at the New York Fed Conference on Fintech: Artificial Intelligence and Digital Assets in Manhattan, Skingsley emphasized the need for central banks to embrace technological advancements, including cryptocurrencies and tokenization. Skingsley highlighted the distinctive approach of the BIS Innovation Hub, which focuses on researching and investigating the impact of new technologies on....
Solana (SOL) has been on an impressive winning streak, with its price chart resembling the formation of an inverted head and shoulders pattern, a bullish technical indicator signaling potential upward momentum. This surge in SOL’s value has grabbed the attention of crypto enthusiasts and traders alike. At the time of writing, SOL is trading at $24.39, according to CoinGecko. Over the past 24 hours, the coin has rallied by an impressive 14.5%, contributing to a seven-day surge of 25.4%. Notably, SOL recently breached the resistance level of $22.2, which now acts as a robust support....
The founder of the darknet marketplace Silk Road which dealt exclusively with Bitcoin, Ross Ulbricht, recently announced that he had spent 10 years in prison. Despite his fraudulent actions, Ulbricht is a popular figure in the crypto community as he is believed to have contributed to the accelerated adoption of the flagship cryptocurrency, Bitcoin. Silk Road […]
The saga surrounding self-proclaimed Bitcoin inventor Craig Wright may soon come to an end. After years of legal disputes and various court cases, Craig Wright is in danger of losing his last allies. After Christen Ager-Hanssen left nChain Group on Saturday, a leaked email suggests that Calvin Ayre, another once-strong supporter and financier, is also […]
The cryptocurrency market is a dynamic landscape of innovation, achievements, and transformative projects. In recent developments, Polygon (MATIC) has been making waves after the Dragon Fruit upgrade, Uniswap (UNI) achieved a significant milestone, and Everlodge (ELDG) continues to impress investors with its performance. This article dives into the details of these exciting developments. Join the […]
The Bitcoin price trajectory has once again taken a sharp upward turn, marking its ascent past the $28,000 landmark for the first time since its notable surge on August 29. This prior leap had been attributed to Grayscale’s triumph over the US Securities and Exchange Commission (SEC) in their legal battle regarding the Bitcoin Trust (GBTC) conversion to a spot ETF. In a striking demonstration of Bitcoin’s infamous volatility, the BTC experienced a price escalation of over $800 within a minuscule 5-minute window on Sunday evening, rocketing from $27,250 to a peak of $28,053....
Ethereum (ETH) is on the spotlight with predictions suggesting it could soon overshadow Bitcoin (BTC) in terms of long-term performance, courtesy of insights shared by prominent crypto analyst and trader Dave the Wave. While this may seem like a bold prediction, Dave the Wave’s analysis offers intriguing insights into the evolving dynamics of the crypto […]
Uniswap (UNI) has emerged as a beacon of activity and growth amidst a month of turbulent trading for the broader cryptocurrency market. Throughout September, the crypto market exhibited a remarkable level of volatility while remaining largely range-bound, leaving market participants in a state of neutrality. However, Uniswap has defied the sideways trend, demonstrating notable progress in various metrics. According to data from Token Terminal, Uniswap experienced a significant surge in daily active users on September 30th. This uptick in user engagement reflects growing interest in....
Solana is surging above the $23.50 resistance against the US Dollar. SOL price could accelerate further higher if it clears the $25.00 resistance zone. SOL price is up over 15% and it is showing signs of bullish continuation against the US Dollar. The price is now trading below $23.00 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $23.10 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could rise further higher if it clears the $25 resistance zone. Solana Price Starts Fresh Rally In the past few days,....
Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance. Ethereum is attempting a fresh increase above the $1,720 level. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,750 resistance zone. Ethereum Price Gains Traction Ethereum’s price settled above the $1,650 level. ETH formed a base above $1,650 and....
Bitcoin price rallied above the $27,500 resistance. BTC is consolidating near $28,000 and might start a minor downside correction in the near term. Bitcoin gained pace above the $27,200 and $27,500 resistance levels. The price is trading above $27,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $27,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is signaling more gains above $28,000 after a mild downside correction. Bitcoin Price Rallies To $28K Bitcoin price started a decent increase above the $27,000....
Brazil is at the forefront of a new era in digital identity verification, leveraging blockchain technology to revolutionize their identification systems. This strategic move is driven by the pursuit of enhanced security, efficiency, and streamlined processes for their respective populations. In Brazil, the government has unveiled plans to integrate blockchain technology into its national identity […]
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Prager Metis, an accounting firm that had dealings with the bankrupt FTX crypto exchange. This development comes as the trial of FTX co-founder and former CEO Sam Bankman-Fried looms on the horizon. SEC Accuses Prager Metis Of Auditor Independence Violation In a statement […]
Following a brief absence spanning several weeks, Kusama, the leading developer of Shiba Inu, has resurfaced with a cryptic tweet. September was quite a busy month for the SHIB ecosystem, with a number of noteworthy occurrences including the SHIB burn rate increasing by more than 1300%, the tremendous growth of Shibarium, the announcement of Shibarium […]
According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time in 10 months. As earlier reported, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday. However, in the latest development, blockchain data tracker Spot On Chain revealed that the FTX exploiter has moved more than $17 million worth of Ether tokens in the past 24 hours. FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain Speculates In one of the most significant....
Although the legal battle between Ripple and the SEC isn’t officially over, the payments technology company has gone ahead to host a party to celebrate its partial win in court. After the court win, Ripple’s founder and CEO Brad Garlinghouse announced on social media a September 29 date for what was called a “Victory Party.” […]
Bitcoin has recorded an overall positive price movement in the last week, gaining by 2.39%, according to data from CoinMarketCap. The premier cryptocurrency suffered a slight dip between Tuesday and Thursday but soon rose on Friday to trade above $27,000 again. Meanwhile, in celebrating the new month of October, popular crypto analyst Michaël van de Poppe has predicted an incoming bullish run for Bitcoin in Q4 2033 based on certain expected events. Related Reading: New Bitcoin Prediction: Analyst Backs BTC To Reach $34,500 In 2024 Analyst Projects Bitcoin To Reach $40K In Q4 2023....
The United States Department of Justice (DOJ) has confirmed its plans to call former FTX customers, investors, and staff as witnesses in the forthcoming trial of Sam Bankman-Fried (SBF), the co-founder of the now-defunct FTX exchange. The former FTX boss faces a statutory maximum of 110 years of jail time if found guilty of the […]
The XRP price has already been under pressure for the past month, as the future outlook of Ripple is still set to be determined in the near future. Although XRP has moved up with the rest of the crypto market over the past few days of green, there is still uncertainty about the next bull run. However, this little price movement could be brief, as the number of XRP tokens in circulation just increased by 1 billion XRP, around 1.87% of the circulating supply of 53.312 billion tokens. Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Potential Impact On XRP....
The price of Bitcoin Cash has experienced significant rise over the course of the last 30 days, resulting in favorable returns for investors. Since July, BCH holders have continuously maintained a positive perspective, which has reduced the frequency of selling activity. This collective sentiment has played a significant role in the upward trajectory of BCH, consequently yielding favorable outcomes for these holders. The price of BCH has increased by about 13% over the previous week, giving it some of the biggest gains in the last seven days for cryptocurrency assets. According to....
A court filing by the SEC has shown the contents of leaked chats between Do Kwon, founder of the Terra blockchain which collapsed in 2022, and co-founder Daniel Shin, the CEO of the Chai payment app. Chat History Between The Two Co-founders On September 22, 2023, a court filing revealed the chat history between Do […]
Some 5,000 ETH, worth over $8.2 million, have been moved from a wallet address associated with the FTX hacker. This development marks the first time assets have been transferred out of the hacker’s wallet following the exploit about a year ago. Related Reading: Cathie Wood’s ARK Invest Joins Ethereum Futures ETF Race After Spot Bitcoin ETF Delay FTX Hacker Moves 5,000 ETH, Spot On Chain Reveals Marked as one the biggest crypto heists ever, the now-defunct FTX exchange suffered a loss of over $600 million through an hack in November 2022, a few hours after filing for bankruptcy. According....
The future XRP price is one topic that has been keenly debated since Judge Analisa Torres’ ruling in favor of Ripple against the US Securities and Exchange Commission (SEC), with many crypto analysts chiming in on the token’s future trajectory. Some have stated that XRP could go as high as $10,000, while others have taken […]
Following its victory against the US Securities and Exchange Commission, the XRP price has been displaying bullish sentiments, effectively gaining the attention of long-term investors seeking to buy and hold to gain more profits. In light of this, a crypto CEO has disclosed his insights on XRP’s bullish outlook, acknowledging the prospects of a bull run in the future. Crypto CEO Concedes Possible XRP Bull Run The market sentiment surrounding Ripple Labs’ native token, XRP has taken a bullish trajectory, increasing investors’ confidence and expectations of a possible bull run.....
Asset management firm Valkyrie, one of the frontrunners for the first Ethereum ETF (exchange-traded fund) in the United States, has decided to pause its purchase of Ether futures contracts until the US Securities and Exchange Commission approves an Ether futures ETF. This comes barely a day after the asset manager reportedly secured approval to offer investors exposure to Ether futures under its existing strategy ETF (BTF). SEC Might Be Behind This Action, Bloomberg Expert Speculates On Friday, September 29, Valkyrie filed a 497 with the SEC, saying that it would halt the purchase of Ether....
The legal counsel representing Sam Bankman-Fried (SBF), the former boss of the now-defunct FTX exchange, has raised some questions about the government’s proposed queries during jury selection. The FTX co-founder faces a six-week trial, which will commence with a jury selection process on October 3, 2023. The prosecutors and the defense counsel submitted their questions […]
Behind the scenes, Cardano (ADA) has been actively building and introducing exciting innovations to its blockchain and ecosystem. This is evident in the latest weekly development report shared by Essential Cardano. Cardano: Highlights From The Report One of the notable highlights from the report includes the updates being made to Cardano’s Lace wallet. This week, the team is said to have worked on a feature that allows users to choose the delegate ratio between “different stake pools, integrated portfolio persistence.” The team has also fixed issues relating to the User Experience (UI).....
The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. […]
Popular crypto YouTuber Jake Gagain recently voiced his opinions on when the bull market would start and how several meme coins are poised to dominate the market when that happens. Specifically, he seemed most bullish on Shiba Inu (SHIB), asserting that SHIB would topple the biggest meme coin by market cap, Dogecoin (DOGE). The #BullRun Has Officially Begun. — JAKE (@JakeGagain) September 27, 2023 DOGE Has Elon, SHIB Has? In response to Gagain’s tweet, another X user laughed at the possibility of this happening and stated that DOGE had Elon Musk likely suggesting that there was no way SHIB....
Crypto research firm Paradigm has filed an amicus brief in the ongoing court case between the US Securities and Exchange Commission (SEC) and Binance, its US affiliate – Binance.US – and the exchange’s global CEO Changpeng “CZ” Chao. Back in June, the US top securities watchdog launched a lawsuit against the defendants, accusing them of […]
The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn’t limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron’s TRX token staking ecosystem. This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem. But, there’s more interesting side of the narrative that has....
On Friday, officials in Hong Kong and Macao said that they had arrested four more people with ties to the cryptocurrency exchange JPEX, which is accused of bilking over 2,400 users out of about $200 million. The overall number of detentions has now reached 18 after these arrests, which the authorities have described as involving […]
The Bitcoin price is trading at $27,100 at the time of writing, marking a 60% decline from its all-time high of $69,000 in 2021. As the anticipation for the next bull market builds, questions arise regarding Bitcoin’s potential future prices. While most predictions are speculative, one analyst has devised a model leveraging historical data to forecast potential tops and bottoms in Bitcoin’s price over time. Bitcoin Price In Previous Cycles Bitcoin's prices changes since 2011. Source: BTCUSDT on TradingView Since its inception, Bitcoin has demonstrated remarkable growth,....
GMX, a decentralized exchange, awarded Collider Research a $1 million bug bounty in 2022. This payout was in recognition of their discovery of a critical bug in GMX’s smart contracts that directly affected how the protocol tracks outstanding debt. The Bug Affecting GMX And GLP GMX has not provided more information on how the bug was […]
The LINK price is no stranger to bullish rallies, and in September alone, the token has gone from a low of $5.8 to a peak of $7.9. Even now, bullish momentum among enthusiasts has not waned, especially with a 130% price increase prediction from a crypto analyst. LINK Price Prediction Ahead Of October In the analysis posted to TradingView, pseudonymous analyst Babenski explains the reasoning behind the $18 surge presented in their chart. First, it points to the $5.8 low that was recorded back in mid-September which is identified as the accumulation range. Related Reading: What Is Behind The....
This week has seen the COMP price put on one of the most impressive rallies amid the bear market. The price recovery has seen the digital asset gain more than 22% over a 7-day period, cementing its position as a top gainer. But even with such an already significant gain, one analyst believes that the […]
Cosmos, a blockchain where developers can create custom chains that interconnect and communicate, has revealed its roadmap for 2024. According to an X post on September 25, the roadmap centers on increasing modularity, improving the developer experience, addressing “technical debt,” and driving user adoption. With this, Cosmos developers plan to take on the more established platform, Ethereum. Related Reading: Bitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? Analyst Predicts At the heart of Cosmos are features such as Tendermint, a consensus system that....
In a significant move targeting the crypto industry, the US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Mosaic Exchange Limited, a Pennsylvania limited liability company, and its owner and Chief Executive Officer, Sean Michael. The complaint alleges that the defendants operated a fraudulent digital asset commodity scheme, deceiving investors and […]
The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]
During a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX Sam Bankman-Fried aka SBF will remain in jail throughout his trial. Sam Bankman-Fried To Remain In Jail Throughout His Trial At the brief court hearing on Thursday at the Manhattan federal court, Bankman-Fried’s lawyers requested that the court should temporarily release their client so he could be able to prepare his defense against the charges raised against him. However, the judge overseeing the case Judge Lewis A. Kaplan has denied the request as he....
Earlier this week, JPMorgan Chase UK, a standalone digital banking entity in the UK since 2021, delivered surprising news. They announced that their customers would no longer have the option to purchase crypto using Chase UK debit cards or via bank transfers. While such decisions aren’t entirely unprecedented, the rationale provided by the bank, concerns […]
Google Cloud, the renowned cloud computing service provided by Google, has made a significant move by becoming a validator on the Polygon (MATIC) network. This collaboration aims to bolster the security of the Polygon Proof-of-Stake (PoS) network, with Google Cloud employing its infrastructure, which powers popular platforms like YouTube and Gmail, to contribute to the network’s integrity. Google Cloud Strengthens Polygon Network Security Polygon Labs, the team behind the Polygon protocol, recently announced that Google Cloud has joined their validator set. This move brings Google....
Bitcoin traders and enthusiasts have been eagerly anticipating the next significant move in the cryptocurrency market, with memories of the 2019 fakeout rally still fresh in their minds. However, one prominent BTC trader, known as Dave the Wave on the social media platform X, is offering a reassuring perspective. According to Dave, the conditions that […]