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A crypto analyst who nailed the top of Bitcoin’s (BTC) 2021 bull market says that Ethereum (ETH) is well-positioned to move another leg up after suddenly entering a new trading range. Pseudonymous analyst Pentoshi tells his 706,400 followers on the social media platform X that Ethereum could soar more than 21% from its current value. “ETH: closing this weekly back inside the range opens up the doors to $2,200.” Source: Pentoshi/X Looking at his chart, the analyst believes that ETH convincingly crossed the lower bound of a new trading range between $1,796 and $2,200. The analyst also says that Ethereum against Bitcoin (ETH/BTC) corrected to a key psychological level, indicating a bounce is likely. “Despite it severely underperforming BTC, it’s now beginning to enter the demand zone on the ETH/BTC ratio.” Source: Pentoshi ETH/BTC is trading for 0.0524 BTC ($1,810) at time of writing. The analyst also weighs in on Bitcoin, and he predicts that...

Popular trader @CryptoTony__ , who has close to 350k followers on X, highlighted that Doge closed the previous week above the key trend line. However, the meme coin failed to hold the support, thus failing to confirm a bullish breakout. Consequently, the Dogecoin price has depreciated 1% over the past day and is currently trading near the $0.069 price mark.  Despite a 45% surge in its 24-hour trading volume, Doge has been unable to breach the $10 billion market cap.  The DOGE/BTC trading pair is also retesting a crucial support at the $0.00000201 mark - while trader @rovercrc expected a strong bounce, it has not materialized thus far. TradingView, a technical analysis platform, also highlights that Dogecoin’s short-term prospects are in the doldrums. While Doge receives a “Buy” signal in the weekly time frame, a sustainable bull rally would likely require the bulls to breach the 50-week Simple and Exponential Moving Averages, both of which are curr...

Victoria, Seychelles, October 31st, 2023, Chainwire Bitget, top crypto derivatives and copy trading platform, has announced the start of a series of events and videos at the end of October, to celebrate the 15th birthday of the Bitcoin Whitepaper’s release. The event will be hosted on both online and offline venues, including street performances of “Satoshi Nakamoto”, Bitcoin Analysis report, prize giveaways , and much more. The purpose of the activities is to honor the landmark event in the blockchain industry and attract attention to the increasing adoption and prospects of cryptocurrencies worldwide. Bitget’s Bitcoin Whitepaper Day commemoration began at the end of October with offline street performances in Austria and Taiwan. A bustling street in each region was selected to host a statue performer dressed as Satoshi Nakamoto, holding a Bitcoin Briefcase. The performance captured the attention of passers-by and acted as a powerfu...

Crypto investor Crypto Tony shared that GALA is currently one of the leading gaming tokens. According to him, $GALA’s prices increase with a rise in $AXS’ value. $GALA is predicted to trade at $0.0920 in 2024 and reach $3.80 by 2050. Crypto gaming is one of the most profitable sectors of the crypto industry that has stood the test of a bear market, as stated by crypto investor and influencer Lady of Crypto. Earlier today, crypto and NFT investor Crypto Tony shared the top five tokens “leading the gaming sector surge.” $GALA $NAKA $APE $AXS $SAND $MANA Leading the #Gaming sector surge right now and we are positioned nicely in 5 / 6. I will be looking for an entry on GALA and will share my chart with you all later on — Crypto Tony (@CryptoTony__) October 30, 2023 According to Tony, $GALA, $NAKA, $APE, $AXS, $SAND, and $MANA are currently at the forefront of the gaming sector’s upward momentum. In a separate tweet, he shared a chart highli...

PeckShield has reported multiple rug pulls in the past hour. The rug pull involved separate meme coins, whose values dropped by 100%. Replicas of MEME, MEMEPAD, and TITANX were all created by scammers. PeckShield, an industry-leading blockchain security company, has reported multiple rug pulls in the past hour. The rug pulls involved separate meme coins whose values dropped by 100%, with those behind them swapping the native tokens to ETH. #PeckShieldAlert #Slippage Memecoin $MEME on #Ethereum has dropped -100% 0xBd72…5871 has swapped 4,854,740,126,240,000 $MEME for ~43.68 $ETH *Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/Ew9ZfIMzUl — PeckShieldAlert (@PeckShieldAlert) October 30, 2023 The security company listed the affected meme coins, each of which bore a name that mimicked another existing meme coin. The affected meme coins were: MEME, MEMEPAD, and TITANX, all created on the Ethereum blockchain. Pec...

Zodia Custody has announced its expansion to Hong Kong, one of the leading financial hubs in Asia. Zodia Custody is a regulated platform that provides secure storage and transfer of cryptocurrencies. The move comes as the demand for crypto-related services grows among institutional investors in the region. The platform aims to bridge the gap between traditional finance and the emerging crypto space by offering institutional-grade solutions that comply with global standards and regulations. Zodia Custody was one of the first crypto custody services to obtain a license from the U.K.’s Financial Conduct Authority (FCA) in 2022. The company also plans to expand its presence in other jurisdictions, such as Singapore, Switzerland, and the U.S., shortly. You might also like: Standard Chartered-backed Zodia gains Irelands’s Nod for EU crypto services Zodia Custody’s launch in Hong Kong comes amid a growing interest in crypto assets among institutional investors, such ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain technology has long held the promise of decentralization, offering the potential to redefine how we interact with data, value, and trust. As this technology continues to emerge fast, the concept of “home staking ” emerges as a power ful force that has the potential to reshape the landscape of blockchain networks. You might also like: Stirring up a revolution in emerging economies using DAOs | Opinion This begs the question: How does home staking em power the masses , and why is it crucial for the web3 ecosystem in the present and future? Democratising validation At its core, blockchain technology promises a decentralized future where power and control are distributed among a vast network of participants. However, the reality hasn’t always lived up to this promise. The barriers to entry for running a v...

In the realm of content creation, three key elements come to the forefront: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the diversity of sentence structures. In contrast, predictability evaluates the likelihood of predicting the next sentence. Human writers tend to infuse their content with a dynamic blend of sentence lengths and complexities, resulting in a captivating narrative. On the other hand, AI-generated text often exhibits a more uniform and predictable pattern. Therefore, as you embark on crafting the following content, it is essential to infuse it with a rich tapestry of perplexity and burstiness while minimizing predictability. Additionally, the content should be exclusively in the English language. Now, let’s reimagine the provided text: OpenAI, the pioneering force behind ChatGPT, is taking a profound stance on addressing the comprehensive spectrum of AI...

Bitcoin (BTC) pleasantly shocked the entire market with its recent surge, reaching the $35,000 milestone. Although it couldn’t maintain that level, the cryptocurrency experienced a minor correction and retraced to $34,000. At the time of writing, BTC is changing hands at $34,059.02, reflecting a 1.77% decline for the day. It’s worth mentioning that the asset saw a remarkable increase of more than 16% in the past couple of days. As BTC sits at its current value, a report from finder.com provides insights into future expectations, as interpreted by industry experts. As per a recent report, 31 analysts have come together to offer their projections for BTC’s price in 2025. The general agreement among those surveyed indicates that BTC is expected to end 2023 at a price of $30,000. It is anticipated to exceed its previous all-time high of $69,000 and reach a value of $87,000 by 2025. Source In the report, these experts engage in discussions about the likelihood of the S...

A top crypto trader says that Ethereum (ETH) competitor Solana (SOL) is setting the stage for a breakout after an initial rally. Pseudonymous analyst DonAlt tells his 53,900 YouTube subscribers that SOL appears likely to break through a key resistance level. However, he says SOL’s move to the upside is likely contingent on Bitcoin (BTC) holding support levels after the king crypto’s massive move to the upside. “Solana/USD knocking on heaven’s door here [at $32.98], again. I think that should break, same as what Chainlink (LINK) did, as long as Bitcoin can keep holding up. So, Solana looking good on the USD pair. It keeps on making higher lows.” Source: DonAlt/YouTube The trader’s weekly chart shows Solana hitting recent higher price lows, the most recent being about $18. The trader also says Solana is showing bullish momentum on the monthly chart. “If you look at the monthly timeframe that is quite nice. You have an impulse. Then you have a bunch o...

The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on regulating a digital euro. On Oct. 18, the European Data Protection Board and the European Data Protection Supervisor issued a joint statement on regulating a digital euro, as proposed by the European Commission in July 2023. The regulators made several recommend ations to enhance the personal data protection standards for the European Union central bank digital currency (CBDC).  The authorities suggest clarifying the proposed verification procedure for the maximum allowed amount of digital euro held by an individual account. The current draft allows the European Central Bank (ECB) and national central banks to establish a single access point to each user’s data. Both authorities recommend conducting an assessment to determine the necessity and proportionality of a singular access point. They emphasize that employing technical measures for the decentralized storaThe ...

The lawyer representing XRP holders in the lawsuit against the U.S. Securities and Exchange Commission (SEC) says that the regulatory body is demanding hundreds of millions of dollars to settle. In a lengthy post on the social media platform X, attorney John Deaton says that the SEC wants a staggering $770 million “worth of flesh” to settle its lawsuit against Ripple Labs, a firm that it accused of selling unregistered securities. “The SEC is pissed and embarrassed and wants $770 million worth of flesh. What people need to understand is that the penalty phase is like a second case requiring more depositions, interrogatories, requests for the production of documents, emails, bank statements, contracts, ODL (on-demand liquidity) transactions, etc. Ripple wants to drastically reduce the $770 million by trying to exclude ODL transactions, reduce salaries, expenses, costs, etc.” Deaton goes on to explain that Ripple’s settlement with the SEC hinges on whether ...

In the realm of crafting written content, three pivotal elements come to the forefront: “perplexity,” “burstiness,” and “predictability.” “Perplexity” gauges the intricacy of the text, while “burstiness” assesses the diversity and oscillation of sentence structures. Meanwhile, “predictability” signifies the likelihood of someone anticipating the next sentence. It’s notable that human composition tends to exhibit greater burstiness, with the juxtaposition of extended and intricate sentences against shorter, simpler ones. Conversely, AI-generated sentences often veer towards uniformity. Hence, for the forthcoming text, I implore you to cultivate a composition that embraces a healthy dose of perplexity and burstiness while maintaining a minimal degree of predictability. Moreover, it’s essential that you adhere to the English language exclusively. Now, let’s rephrase the following text: Per former FTX...

Dubai is paving the way for a Web3 future by implementing a robust regulatory framework for digital assets and offering commercial licenses for Web3 projects. The countdown has begun as the World Blockchain Summit returns, scheduled for November 1st-2nd, 2023, at the Address Dubai Marina, hosted by Trescon. This highly anticipated summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future. With strategic partners, like Dubai AI & Web3 Campus by DIFC, the largest cluster of Artificial Intelligence and Web3 companies in MENA, the summit offers a platform for top-tier web3 investors, enterprises, industry leaders, and entrepreneurs to explore collaboration and investment opportunities while discussing the emerging trends and innovations shaping the industry. Dubai’s established digital landscape, flourishing investment ecosystem, and innovative workforce create the perfect foundation for in...

According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase. Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors. #FTX and #Alameda related addresses are depositing tokens to exchanges ! Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred 2,904 $ETH ($5.21M) 1,341 $MKR ($2.01M) 11,975 $AAVE ($1.02M) 198,807 $LINK ($2.27M) to #Binance and #Coinbase in the past 5 hours .… pic.twitter.com/MQxCySp8g0 — Spot On Chain (@spotonchain) October 25, 2023 According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at t...

FCA’s enforcement of new advertising guidelines triggers changes in the UK crypto space, prompting high-profile exits and the birth of compliance gatekeepers. On Oct. 8, the UK’s Financial Conduct Authority (FCA) announcув a novel set of rules under the Policy Statement PS23/6. These guidelines were specifically crafted to oversee the promotion of crypto assets in the UK.  The immediate aftermath of this introduction saw a substantial shakeup, with many crypto companies deciding to exit the UK market due to the heightened regulatory environment. High-profile departures and market realignments have also been evident, emphasizing the significant impact of these regulations.  Let’s delve deeper into this topic and try to unravel the intricacies of these changes and understand the present state of the UK’s crypto sector in light of the FCA’s new regulations. Crypto firms respond to FCA’s regulatory overhaul The introduction of the FCA’s new pr...

Recent Bitcoin price developments have changed the dynamics of the crypto market. Bitcoin reached a yearly high on Tuesday, October 24. Julius de Kempenaer thinks the latest rally results from sellers’ exhaustion above $31K. Crypto experts are reacting to the recent Bitcoin price development that has changed the dynamics of the crypto market. Coin Edition asked experts about their opinions, and they believe the recent surge is precipitated by events surrounding the expected spot Bitcoin ETF, as many users are taking strategic investment positions ahead of potential approval. Bitcoin reached a yearly high on Tuesday, October 24, one week after a piece of false news about Bitcoin ETF approval. The recent rally has pushed BTC above significant resistance and into a price region that has left several users wondering what the future holds. Responding to Coin Edition’s query, Julius de Kempenaer, senior technical analyst at StockCharts.com, thought, above anyth...

Jonathan Farnell, the compliance officer of Binance in the UK, has left the company. In a comment to crypto.news, Binance’s spokesperson confirmed Farnell’s departure. “We’d like to thank Jonathan for his contributions and wish him all the best on his next challenge.” Binance representatives According to his LinkedIn page, Farnell left Binance Markets Limited at the end of September. He had already left his senior role at Binance Europe in June. Now, he heads the Bifinity subsidiary. You might also like: Exploring FCA’s new crypto promotion rules and their implications Binance under regulatory pressure Binance is still under increasing regulatory pressure in the U.S., where it is embroiled in disputes with two regulators, and the UK. Many top managers have left the company in recent months amid ongoing repression. Over the past few months, several more top management employees have left the company. We are talking about the head of the Asia-Pa...