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Showing posts from September, 2023

Bitcoin Gearing Up For A Bullish October? Expert Insights Speak Volumes

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As September nears its end, the Bitcoin landscape brims with positivity. Indications hint at a forthcoming Bullish spree, especially if Bitcoin finishes the month on a green note. Besides, this month’s Bullish candle points to an upbeat October trajectory. Significantly, John Bollinger, the mastermind behind the Bollinger Bands , offered some valuable insights. On Thursday, the 73-year-old market maven highlighted a crucial two-bar reversal for $BTCUSD. This reversal, occurring on September 11/12 at the lower Bollinger Band, according to Bollinger, is pivotal. He mentioned, “This is a good setup for a walk up the upper band; just need a bit more strength to confirm.” Moreover, to provide a clearer perspective, he included a relevant chart. Additionally, a crypto analyst, Matthew Hayland echoed the sentiments about Bitcoin’s performance. In his Friday tweet, Hayland observed the two-week Bollinger Bands for Bitcoin are the tightest since 2015. Hence, these are the most compressed t

Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

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Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer. $108,000,000 Trade Volume And counting. What comes next…? pic.twitter.com/lpetFqJAkq — Pond Coin (@Pond0x) September 28, 2023 As evidence for Pond0X DEX’s trading volume , the official channel cited a Dune dashboard created by user mogie, which shows over $111 million in all-time trading volume as of September 29. Total volume metric for Pond0X. Source: @mogie Dune channel The PNDX token launched on July 28. At the tim

Year after FTX collapse: what to expect from SBF trial

In 2022, FTX crypto exchange filed for bankruptcy, sending shockwaves through the crypto community. Legal actions against its former management have persisted. Nearly a year later, founder Sam Bankman-Fried faces an impending trial . The trial of the disgraced businessman will begin on October 3 and will last at least 21 days until November 9 inclusive. At least until sentencing, Bankman-Fried will be held in custody in the Brooklyn prison where he was sent on August 11. Sam is accused of seven counts of fraud. According to investigators, the former head of the trading platform illegally seized the assets of FTX clients. For the scams committed, he faces a penalty of imprisonment for a term of 110 years. I made a lot of big mistakes this year. But this wasn't one of them. There's no evidence, because it didn't happen. Please, please, focus on your own house. https://t.co/tlcQu9zFdf — SBF (@SBF_FTX) December 9, 2022 Who is affected by the FTX collapse? Many companie

20 days after the announcement, Ripple withdraws from the Fortress acquisition.

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CEO Brad Garlinghouse, at the helm of Ripple, took to X, their chosen platform for communication, to deliver a surprising update. In a twist of events just within 20 days of unveiling their intent to acquire Fortress Trust, Ripple, a prominent player in the financial technology sector, has decided to withdraw from the proposed transaction. In an announcement posted by Ripple ’s CEO Brad Garlinghouse on X (formerly known as Twitter), dated September 28, the unexpected decision was unveiled: “we’ve since made the decision not to move forward with an outright Acquisition .” However, it’s essential to note that Ripple is not severing all ties; they will maintain their status as a shareholder in Fortress Trust’s parent company, Fortress Blockchain Technologies. The initial revelation of Ripple’s acquisition plan on September 8 was met with widespread surprise, even among insiders at the company, as per reports from Cointelegraph. At the time, Ripple had outlined broader intentions, ex

An Approved Futures ETF for Ethereum Would Be Game-Changing: Expert

Dr. Julian Hosp thinks an approved futures ETF for Ethereum would be game-changing. Hosp believes an Ethereum ETF would be significant because there are no institutional rails into Ethereum. There are 90% odds that Ether ETFs will start rolling out by early October. According to Dr. Julian Hosp, CEO of Cake Group, an approved Futures Exchange Trust Fund (ETF) for Ethereum would be a game-changing development for the cryptocurrency market. Hosp noted that an Ethereum ETF would significantly impact the market because there are no institutional rails into Ethereum, unlike Bitcoin, where several institutional investors are already involved. Holy S**t!! Ethereum Futures ETF already next week?? The original deadline for the Ethereum Futures ETF, albeit uncertain, was set for October 12th. An approved Futures ETF for Ethereum would be game changing, simply because so far, there are no real institutional rails into… pic.twitter.com/1AGykIuIUi — Dr. Julian Hosp (@jul

Whales $5 Million MATIC Transfer Baits Masses to Buy the Dip

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Over the past 48 hours, the price of MATIC fell 3% after a whale transferred millions of tokens to Binance. At press time, MATIC was starting to recover with a slight 0.07% increase in its price, which left it trading at $0.5079. If MATIC can remain above the $0.4890 support, it could look to target $0.5700 soon. Yesterday, the price of Polygon (MATIC) decreased after a whale transferred millions of tokens onto Binance. According to an X post shared by the on-chain analytics platform, Lookonchain, the whale deposited a total of 10.78 million MATIC into Binance in the past 48 hours, and the price of MATIC decreased by 3% shortly thereafter. The transferred MATIC tokens were estimated to be worth more than $5 million. Lookonchain also revealed in the X post that the whale has approximately 2.72 million MATIC left, which was valued at $1.37 million. A whale deposited a total of 10.78M $MATIC ($5.5M) into #Binance in the past 26 hours and the price of $MATIC

Kraken to launch stock and ETFs trading platform in 2024

Kraken plans to launch a stocks and exchange-traded funds (ETF) trading platform through a new division called Kraken Securities in 2024. Clients who meet the requirements will gain automatic access to a portfolio balance that includes stocks, crypto assets, and ETFs.  While the exchange is eyeing the U.S. and U.K. markets, it will need authorities’ permission to trade shares and funds. You might also like: Kraken secures virtual asset service provider registration in Spain, Ireland Reportedly, Kraken has already received a license in the U.K. The exchange has also applied for registration with the U.S. Financial Industry Regulatory Authority. Kraken is expanding outside the U.S., where regulations are less strict. They were recently approved to offer crypto exchange and wallet services in Spain. This move also puts them in direct competition with existing platform s providing traditional and digital assets. In February, Kraken was forced to shut down its staking and

Trader Says This Altcoin Could Be ‘Very Good’ for Next Bull Market, Details Path Forward for Bitcoin

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A widely followed crypto trader says he has high hopes for one altcoin’s prospects during the next bull market expansion. Starting with Rollbit (RLB), pseudonymous crypto analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that the native token of the crypto casino platform is “going to be very good in the bull market.” According to Altcoin Sherpa, Rollbit faces bearish prospects over the short term and it could fall by over 35% from the current price to “$0.07 or lower.” Source: AltcoinSherpa/X On what could trigger the correction, Altcoin Sherpa says, “Several things that could go wrong though in terms of regulation etc. I’m not interested at these current prices.” Rollbit is trading for $0.108 at time of writing. Turning to Bitcoin (BTC), Altcoin Sherpa says that his prediction that BTC would reach $28,000 over the short term is unlikely to come true. According to the analyst, Bitcoin’s support level is around $25,500, though

Binance claims to operate in 100+ countries but only discloses 45

Binance is apparently in the process of selling its business unit in Russia to a newly set up entity called CommEX — a process that could take up to a year. In the press release announcing this decision, Noah Perlman, chief compliance officer for Binance, stated that the company intends to “focus our energy on the 100+ other countries in which we operate.” This is a claim that Binance makes in other places as well, for example, on the ‘Countries and Regions‘ page on its website.  Confusingly, the page in question doesn’t list ‘100+ countries,’ only 45. It also continues to list Russia, despite the advertised sale, and separates Ukraine into two separate countries: one ‘Russian’ and one ‘Ukranian.’ The list of 45 names also considers Europe a nation. The list also features countries where Binance’s activities have recently come under greater scrutiny, such as France , where its offices were reportedly raided by money laundering authorities. Binance’s French arm says money launde

Cricket World Cup to feature Web3 fan app as ICC taps into NEAR blockchain

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The International Cricket Council will leverage NEAR's Blockchain Operating System to power a Web3 fan engagement app during 2023 Cricket World Cup in India. The International Cricket Council has partnered with NEAR Foundation to build a blockchain -powered, Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach hundreds of millions of fans over the next six weeks. Cointelegraph spoke exclusively to ICC head of digital Chris Donovan and NEAR CEO Finn Bradshaw, who unpacked details of the Web3 mobile app that is aimed at driving fan engagement before, during and after matches at the global showpiece in India. Related: From cricket to crypto: AB de Villiers ventures into Web3 The ICC’s first foray into the world of Web3 was the creation of an NFT platform called FanCraze in 2022 that gave fans the ability to own highlights of historic moments from various ICC tournaments. Donovan said that it laid the foundation for future Web3 exploits: “We loved

Circle’s EURC stablecoin launches on Stellar network

Circle and Stellar join forces to integrate the euro-anchored stablecoin EURC into Stellar’s blockchain. USDC stablecoin provider Circle and a blockchain network , Stellar (XLM), have jointly announced the integration of the euro-anchored stablecoin EURC into Stellar’s blockchain infrastructure. The EURC stablecoin , which already operates on Avalanche (AVAX) and Ethereum (ETH) network s, will soon make its debut on the Stellar network . This critical development was unveiled at Stellar’s yearly Meridian conference held in Madrid today, Sept. 26. 2/ EURC on Stellar: Today, @circle's EURC is now live on the Stellar network . @RipioApp (+8M users, 8 countries across LatAm) is the first to add EURC on Stellar to their wallet app, enabling Euro deposits and withdrawals https://t.co/WCpaaSB4nR — Ben Grossman (@BenGrossmanOG) September 26, 2023 The integration of EURC into Stellar’s network could potentially impact remittance corridors in Europe, expedite cross-border financial

VeChain (VET): Price Prediction For September-End 2023

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VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. VeChain is trading at $0.01679 at press time, according to CoinMarketCap with a 1.6% drop in value over the last 24 hours. Considering various criteria, here is our price prediction for VeChain for September end 2023. Also read: Shiba Inu Seeks Stability Amidst Market Uncertainty VET Price Prediction for  September end  2023 Cryptocurrency experts at Changelly have given their price prediction for VeChain for September end 2023. For this timeframe, experts anticipate VET ’s minimum price to be $0.018. Additionally, the experts state

MicroStrategy’s latest BTC purchase sets Bitcoin price in motion

Bitcoin is defending the $26k after the recent MicroStrategy’s latest BTC purchase. Concerns over the US dollar’s impact on BTC may be overstated by investors. Coinbase holds about 5% of the total bitcoin in circulation. MicroStrategy’s recent acquisition of Bitcoin worth nearly $150 million has made waves in the cryptocurrency market, causing a notable shift in Bitcoin’s price dynamics. The move was a demonstration of MicroStrategy, a prominent business intelligence firm led by CEO Michael Saylor, of its strong commitment to Bitcoin. The recent Bitcoin purchase sent ripples throughout the cryptocurrency world. A boost to Bitcoin price Before MircoStrategy’s BTC acquisition announcement, Bitcoin had briefly dipped below the $26,000 level, around which it has been hovering for a week. However, as soon as news of the purchase became public, Bitcoin price saw a significant upward movement, gaining several hundred dollars in value and hitting a daily high

Shiba Inu Burn Tracker Reveals New BlockChain to Burn SHIB

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“Alex” from Shiba Inu’s (SHIB) burn tracker, Shibburn, has said that Shib Association is developing a new SHIB-focused blockchain. Shib Association is a new initiative launched by Shibburn which focuses on SHIB-based developments. The initial announcement for the new blockchain was made last month. However, in a new X post, Alex has given new details about the development. According to the post, a former Google employee will help build the new network “and have it ready for Github.” The team has already mapped out the project architecture and development has already begun. Also Read: Shiba Inu: Here’s How Long SHIB Will Take to Reach $1 Additionally, the new blockchain will solely focus on SHIB and not the other tokens in the Shiba Inu ecosystem. Furthermore, the network will be open source and follow the Proof-of-Participation consensus model. One of the most striking Features of the new blockchain is that it will participate in burning SHIB tokens. However, the te

Pay-to-use blockchains will never achieve mass adoption

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Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now. We’re fine with this. Years of experience have dulled the pain. But the mass adoption we all hoped for? It relies on the 99% of people who have zero appetite for such trauma. Related: An ETF will bring a revolution for Bitcoin and other cryptocurrencies If permissionless blockchains are to become the backbone of our online experiences, three major changes need to happen: They need to become free. They need to become frictionless. They need to become familiar. “Free” means free for the us

Ethereum co-founder Vitalik Buterin calls for privacy and decentralization

Ethereum (ETH) co -founder Vitalik Buterin believes that privacy and de centralization should be key priorities for the blockchain network going forward. Buterin cautioned that centralized entities like custodial exchanges are “vulnerable” and can be corrupted. Users should be able to transact directly on the Ethereum blockchain, he argues. Here’s what the 29-year-old entrepreneur told CNBC at a recent crypto developer conference in Prague: We need the experience on-chain to actually be good for regular people to use. […] We need it to actually be possible to do Ethereum payments in a way where the transaction fee is less than five cents. Vitalik Buterin — Ethereum co-founder Buterin believes Ethereum can realize its greatest utility in emerging economies by enabling payments, savings and access to the global economy. He said crypto adoption is already spreading in countries like Argentina. You might also like: Ethereum co-founder Vitalik Buterin exits MakerDAO positi

UK’s FCA Issues “Final Warning” On New Crypto Marketing Rules, Laments Industry’s ”Lack of Engagement”

The UK’s Financial Conduct Authority (FCA) gave crypto firms a ”final warning” about incoming rules on promoting products and said it’s concerned about the industry’s ”lack of engagement” with authorities over the issue. The new rules, which govern how crypto firms and intermediaries promote products in the UK, come into effect on Oct. 8.  T he FCA warned that firms that continue to promote crypto assets to UK consumers without necessary approvals face ”up to 2 years imprisonment, an unlimited fine, or both,” “We are concerned by the poor engagement from many unregistered, overseas crypto asset firms who have UK customers on this important change,” it said in a statement. “ Many of these firms have refused to engage with the FCA despite our best efforts. For instance, out of over 150 firms surveyed, only 24 responded, indicating a troubling lack of interest in complying with the new regime.” From 8 October 2023, #crypto firms must market to UK consumers clearly, fairly and honestl

Sam Bankman-Fried Has Seven Witnesses Barred From Testifying At Trial

Seven witnesses proposed by FTX founder Sam Bankman-Fried were barred from testifying at his trial next month. Judge Lewis Kaplan said the witnesses failed to meet the necessary criteria for a criminal trial, including lack of clarity regarding their intended testimony and concerns about their suitability for the case.  A court filing disclosed that one of the witnesses, former Federal Election Commission chair Bradley Smith, was expected to bill Bankman-Fried’s legal team $1,200 per hour to testify on US campaign finance laws and straw donors. The judge also expressed doubts about the qualifications of another witness, Peter Vinella.  FTX co-founder Sam Bankman-Fried may call seven expert witnesses, paying them up to $1,200 an hour, to testify on his behalf at his upcoming fraud trial, per Bloomberg. — unusual_whales (@unusual_whales) September 5, 2023 The judge’s decision has raised questions about the defence strategy in the high-profile case. The witnesses also included Br

Who Created Bitcoin? Satoshi Nakamoto, or the NSA?

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The world’s first and largest cryptocurrency , Bitcoin [BTC], emerged in 2008 and started being used in 2009. Currently, the leading cryptocurrency is valued at $26,618, and it reached a peak of $69,044 back in 2021. Despite its significant value and increasing popularity, the identity of the asset’s creator remains shrouded in mystery. Among the various claimants to the identity of Satoshi Nakamoto, one entity has garnered significant attention from the community. There have been suggestions connecting the creation of Bitcoin to the U.S. government, particularly the National Security Agency [NSA]. Daniel Roberts, co-founder of Iris Energy, resurfaced a long-standing theory, dating back to 1996. It was titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash.” The NSA invented Bitcoin? 1996 paper titled: HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH* Sources include "Tatsuaki Okamoto" 😳 Who else would be able to sit anonymously on 1