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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Gains, as Traders Anticipate Powell Speech
25.10.2023
Bitcoin profit takers swooped in to capture recent profits on Wednesday, as the cryptocurrency retreated below a recent high above $35,000. The decline comes ahead of Federal Reserve Chair Jerome Powell’s speech later today. Ethereum also edged lower, dropping under the $1,800 level. Bitcoin...
Israeli Crypto-Based Aid Organization Says Nearly $200,000 Raised for October 7 Terror Victims
25.10.2023
Nearly $200,000 has been raised by a non-profit organization launched by members of Israel’s Web3 community. More than 30 Web3 companies have since joined the campaign while the accounting firm KPMG is said to be assisting with fundraising and distribution. Web3 Companies Join Campaign Crypto...
Ripple (XRP) achieves a milestone: What does this mean for investors?
25.10.2023
The XRP ledger manifests significant growth with an incredible 5 million accounts. Also, these accounts contain somewhere close to a massive 60 billion XRP tokens. Regulation changes, market sentiment, and supply and demand influence XRP’s price intensely. Therefore, this price rise isn’t related...
North America Is Largest Crypto Market Despite Regulatory Uncertainty, Chainalysis Reports
25.10.2023
North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based services. The region’s share in decentralized finance...
FTX navigates post-bankruptcy options, weighs sale or revival
25.10.2023
These options reportedly encompass selling the entire exchange, including its extensive customer base of over 9 million, to the potential of forming a partnership with another entity to revive the platform
Filecoin (FIL) – A profitable investment for the future?
25.10.2023
Juan Benet, a California-based software developer and businessman, invented the Filecoin currency in the year 2014. The theory became known to the general population via a 2017 white paper, with the mainnet launch taking place in 2020. The site enables customers to lease out the extra storage...
Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance
25.10.2023
Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated,...
Is the Bitcoin Cash price surge bringing good news to BCH loyal investors?
25.10.2023
Due to its recent significant price increase, Bitcoin Cash (BCH) has recently attracted much attention in the erratic world of cryptocurrencies. Discussions concerning the durability of this rise and its consequences for long-term investors have been sparked by this trend, which has aroused...
Uphold helps Ripple build crypto liquidity infrastructure
25.10.2023
Ripple recently announced a new partnership with a global Web3 platform, Uphold. The partnership will allow Ripple to leverage Uphold’s crypto liquidity expertise. The partnership was announced via an official post on Ripple’s website. The post stated how the collaboration will help Ripple...
Microbt Debuts M60 Series in Dubai; Bitcoin Mining Rigs Boast 18.5 J/T Efficiency
25.10.2023
During the Blockchain Life 2023 event in Dubai, Microbt rolled out its latest Whatsminer M60 series, which boasts an efficiency rating of 18.5 joules per terahash (J/T). Whatsminer M60 Series Showcased in Dubai On Tuesday, at the Blockchain Life 2023 conference in Dubai, Microbt showcased three...
Decrypting Bitcoin’s trajectory: A comprehensive price analysis
25.10.2023
Bitcoin’s current standing in the cryptocurrency world is undeniably noteworthy. Having surged past the challenging $32K resistance, it is on a trajectory towards its all-time high. Bitcoin serves as the flagship digital currency, setting trends and benchmarks for the entire crypto landscape....
Lightning Network Developer States Disclosed Vulnerability Is Not an ‘Intentional Backdoor,’ Calls for Responsible Journalism
25.10.2023
Antoine Riard, a security researcher and developer who exposed a vulnerability in the Lightning Network, Bitcoin’s scaling layer, has clarified this vulnerability is not an “intentional backdoor,” addressing statements made on social media. Riard stressed the problem had been...
What Developments Should Traders Watch As Bitcoin Trades Range-Bound?
25.10.2023
Source: Pexels
Bitcoin price managed to avoid sharp volatility today, trading within a relatively narrow range.
The world's largest digital currency by market value fluctuated between roughly $33,800 and $34,400 today, according to BTC/USDT Coinbase data provided by TradingView.
This took...
Report: Operators of Central African Republic-Based Crypto Investment Firm Disappear With $1.6 Million
25.10.2023
According to reports, the operators of a Central African Republic (CAR) crypto company which promised a high return on money invested have disappeared along with $1.6 million in investor funds. High-profile personalities including lawmakers and senior government employees are among the hundreds...
Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity
25.10.2023
Ripple has partnered with Uphold to improve its cross-border crypto payments infrastructure. Uphold will provide Ripple with “enhanced crypto liquidity capabilities.” Ripple offers services in over 55 countries, with payout capabilities in more than 70 markets, the company said...
Robert Kiyosaki Shares His Investment Strategy — Says He’s Not Trying to Be Warren Buffett
25.10.2023
Rich Dad Poor Dad author Robert Kiyosaki has revealed his investment strategy, emphasizing its divergence from the investment approach adopted by Berkshire Hathaway CEO Warren Buffett. “I am an average investor ‘accumulating’ the asset I want for the long term. I have been...
Binance Executives in UK and France Leave Crypto Exchange
25.10.2023
Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions in Europe and beyond. Binance U.K., Bifinity...
Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
24.10.2023
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast...
Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm and ETF Anticipation
24.10.2023
Bitcoin futures open interest (OI) has surged dramatically within the last day, with CME Group’s OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This isn’t an isolated event; platforms such as Binance, Deribit, Bitget, and Okx are also experiencing significant...
Bitcoin’s Meteoric Rise to $35,000 Erases $232M in Short Positions in Just 24 Hours
24.10.2023
On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin’s value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. As the market soared, traders who had placed...