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Ether (ETH) Set for 55% Surge After Key Technical Breakout, as Supply Turns Deflationary, Says This Well-Known Analyst
7.11.2023
Famous crypto data analytics firm Matrixport’s head of research Markus Thielen argued in a recent report that Ether (ETH) could be set for a more than 55% surge to $3,000. Ether is the second most valuable cryptocurrency in the world by market capitalization after Bitcoin (BTC) and powers...
Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential
6.11.2023
Bitcoin’s stability appears to be holding as the price consolidates around $35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective....
Monero’s Security Breach Drains Entire Funds In Community Wallet: What’s Going On?
6.11.2023
Monero’s community wallet was drained of all assets following a security breach described as shocking and a little sketchy.  The attack on the privacy coin’s wallet took place on Sept 1 but was not revealed until Nov 2 on GitHub. According to the company, the source of the breach...
Asset Manager ProShares Introduces SETH ETF for Profiting from Ether Price Drops
3.11.2023
Major US-based Exchange Traded Fund (ETF) provider Proshares has just launched a new short Ether (ETH) product. The new ETF, called the ProShares Short Ether Strategy ETF with the ticker $SETH, will allow investors to profit as the price of Ether declines. Ether is the native currency that powers...
U.S. October Jobs Up 150K, Missing Forecasts for 180K; Bitcoin Remains Lower at $34.3K
3.11.2023
Interest rates have fallen sharply this week across the U.S. yield curve, in part as traders place bets the Fed is finished tightening monetary policy
Terra Luna Classic Price as Sam Bankman-Fried Guilty Verdict Shifts Attention to Terra Founder Do Kwon’s Case
3.11.2023
The Terra Luna Classic price has dropped by nearly 4% in the past 24 hours, with the altcoin reacting badly to the news that a New York jury has found FTX’s Sam Bankman-Fried guilty of fraud. At $0.00006225, LUNC is now down by 1.5% in the past week, although it remains up by 10%...
Bitcoin Price Prediction: Saylor’s Stand as BTC Dips Amid Fed Shift
3.11.2023
As Bitcoin hovers around $34,667, marking a 3% decrease on Friday, the cryptocurrency world is closely monitoring the stance of prominent figures like Michael Saylor. Despite the dip, Saylor remains steadfast in his belief that one can never be overexposed to Bitcoin. Concurrently, the US dollar...
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
2.11.2023
Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have...
Bitcoin Network Shatters Records With Hashrate Climbing to 464 EH/s
1.11.2023
While the price of Bitcoin has found stability, and the network’s difficulty remains fixed at 62.46 trillion until November 12, 2023, a different story unfolds in the hashrate department. Here, the seven-day average showcases a record-breaking moment for the network on November 1....
Bitcoin Price Prediction: Nearing $35K, Whales Sustain Momentum
1.11.2023
Bitcoin price prediction remains bullish as BTC is trading at $34,432 with a 0.64 percent increase on Wednesday, the push towards this crucial threshold is buoyed by the substantial influence of crypto whales. As the world celebrates 15 years of Bitcoin, reflecting on Satoshi Nakamoto’s...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $35,000 Ahead of US Consumer Confidence Report
31.10.2023
Bitcoin continued to trade under the $35,000 level on Tuesday, as markets prepared for the upcoming U.S. consumer confidence report. It is expected that the confidence index will come in at a reading of 100 in October, down from 103 the month prior. Ethereum remains above $1,800. Bitcoin Bitcoin...
Spot Bitcoin ETF Could Attract $3B on First Day and Up To $55B Over Five Years: Analysts
31.10.2023
Investors have been eagerly anticipating regulatory approval for a spot Bitcoin ETF, which is expected to trigger a fresh wave of institutional demand in the leading cryptocurrency. While estimating the potential cash inflow for such a fund remains a subject of debate among market players...
Indian Think Tank Urges WTO Members to Prioritize Crypto Discussions in E-Commerce Negotiations
30.10.2023
Indian think tank Global Trade Research Initiative (GTRI) is seeking to incorporate crypto discussions into the WTO e-commerce framework. India has asked the WHO member countries to include crypto-related issues while negotiating any agreement on the e-commerce sector. The crypto market...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Bitcoin, Ethereum Technical Analysis: ETH Moves Back Above $1,800, BTC Remains Near Recent Highs
30.10.2023
Ethereum once again rallied above the $1,800 level on Monday, ahead of a highly significant week of U.S. economic data. Over the next few days consumer confidence, and nonfarm payrolls will be reported, ahead of a Federal Reserve policy meeting. Bitcoin continued to trade close to the $35,000 zone....
Anthropic’s $2 Billion Deal With Google Brings Hope to FTX Creditors
29.10.2023
A few weeks back, a coalition of creditors from FTX, known as the “FTX 2.0 Coalition,” shed light on how the defunct exchange’s vested interest in Anthropic could significantly enhance their compensation. Now, Anthropic has successfully secured $2 billion in funding from Google....
State Channels ‘Significantly Reduce Congestion and Transaction Fees,’ Ideal for Decentralized Exchanges — Louis Bellet
28.10.2023
According to Louis Bellet, the founder of the Layer-3 peer-to-peer protocol Yellow Network, crypto trading has not scaled largely because it remains unregulated in many places which in turn “greatly slows down its growth and produces tons of scams.” In contrast, traditional finance...
Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium
27.10.2023
Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull markets, where the phenomenon was prominently...
Cardano Price Prediction as Dogecoin Overtakes ADA – What’s Going On?
27.10.2023
The Cardano price has dropped by 4% in the past 24 hours, with the altcoin’s fall to $0.284623 enabling Dogecoin to overtake it in terms of market cap. Despite today’s fall, ADA remains up by 14.5% in a week and by 16% in a month. The altcoin has also risen by 15% since the beginning...
Bitcoin Price Prediction as BTC Builds New Support at $34,500 – When is The Next Leg Up?
26.10.2023
Bitcoin , the pioneering cryptocurrency, remains strong on Thursday morning, comfortably hovering around the $34,000 mark. The total market cap of all digital currencies has climbed to an impressive $1.27 trillion, reflecting a 1.33% increase over the last 24 hours. Over the past week, Bitcoin...