Edward Snowden highlighted the importance of decentralization, sharing concerns about AI-driven surveillance and the influence of venture capitalists on blockchain.
Globally, music professionals are missing millions, if not billions, of dollars in royalties. This isn’t just an occasional oversight or technical flaw; it’s a fundamental problem within an industry that wants to prevent its evolution to preserve profits. Does that sound extreme? Well, the recent lawsuit initiated by Limp Bizkit against Universal Music Group (UMG) […]
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Ethereum’s market cap tops Bank of America, while the SEC weighs spot ETH ETF options and DeFi gains traction.
Ethereum’s Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights.
By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit’s local officials. The initiative would be expected to run on a secure platform managed by PayPal. […]
Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum is oversold. He thinks that raising speculative interest in the altcoin will enable its comeback. This comes as Ether tries to catch up with rivals such as Bitcoin and Solana, which far exceeded it in 2024. Related Reading: Binance Coin Breaks $600! Is There More Upside Ahead For BNB? A Shift In Market Sentiment Sigel spoke on The Tie’s latest episode in which he hopes Ethereum will go in the right direction. He also noted that, although Ethereum faces problems, particularly regarding EIP-4844 in which it changes its economic model, opportunities can still emerge for a “bottom.” .@matthew_sigel “I think ETH is oversold…Speculation will come back to this market and I don’t think it’s going to ignore Ethereum.” https://t.co/5pMcZBLzfi — VanEck (@vaneck_us) November 7, 2024 The market is now a little conservative, but Sigel sees the commodity drifting back into speculation, bringing price back up and advocates to the trade again. That also places it in line with larger Ethereum expectations. Analysts are even expecting ETH to trade between $2,199 and $3,019 in 2024, with some expecting a spike to above $5,000 by 2025. Excitement generated earlier this year by acceptance of spot Ethereum ETFs has brought a regulated gateway to investors for entering the market, both retail and institutional investors. This development may cause massive inflows into Ethereum with enormous financial inflows, further buttressing its price. Technical Analysis And Price Predictions According to the latest technical analysis, Ethereum must break above $3,000 to sustain its bullish sentiment, and many analysts believe this may well open roads for a new record high. According to the Ethereum Rainbow Chart, we can see all sorts of possible prices for the following years, with estimates reaching as high as $12,000 by 2030. However, some are concerned about Ethereum’s long-term economic strategy. Sigel said that Layer-2 networks have started to claim more of Ethereum’s blockspace, resulting in lower transaction fees and income. This development has led some investors to lose faith in Ethereum as a deflationary asset. If this trend continues without changes to link Layer-2 networks more closely with Ethereum’s ecosystem, VanEck’s long-term price targets may be jeopardized. Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks The Road Ahead For Ethereum Despite these problems, commentators express a genuine feeling of optimism about Ethereum’s future. The prospect of fresh speculative activity, along with the regulatory certainty given by ETF approvals, could be exactly the spark for a significant comeback. As the market evolves and reacts to these developments, investors are looking for signals that a positive trend will return to Ethereum. While Ethereum confronts challenges, experts believe that a combination of increasing interest and good market conditions might pave the way for a resurgence in 2024 and beyond. Featured image from DALL-E, chart from TradingView
Dean Skurka, CEO of blockchain and crypto firm WonderFi, was kidnapped, held for ransom, and was subsequently released after paying $1 million. According to CBC and other sources, Skurka was reportedly abducted in downtown Toronto around 6 p.m., Thursday. Related Reading: FTX Co-Founder Gary Wang Begs Judge For Freedom: Will He Escape Jail Time? Skurka […]
Google Cloud will contribute to Cronos’ decentralization and security, along with other notable validators like Crypto.com and Blockdaemon.
The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and crypto-related pledges.
Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
GRASS token, one of the latest DePIN projects, attracts significant attention from analysts and the investing public. As a Layer-2 platform on the Solana blockchain, the Grass platform allows users to share unused internet bandwidth to train AI models using a browser extension. With its promising technology, it’s no surprise that its token launch and airdrop last October 28th was highly anticipated. Related Reading: Bitcoin Breaks $73,000, Yet Google Searches Stay Stagnant—Is Hype Fading? While the airdrop was marred by a few issues, including a three-hour outage, the token’s price rally succeeded. Last October 29th, the token peaked at October 29th, then made a massive rally from October 31st until November 2nd, breaching the $1.50 level. After hitting a high of $1.9175 on November 2nd, it has slowed down, settled below the $1.75 level, and now trades at the $1.45 level. GRASS has rejected the $2 price, with analysts seeing a deeper pullback—so, is this the right time to buy? A Rough Start For GRASS Trading for GRASS started on October 28th, but a few issues delayed the token’s airdrop and launch. The team recorded technical issues, including users being prevented from accessing their tokens on their Phantom wallets. Also, the rush to claim the tokens was marred by the three-hour power interruption. Furthermore, some users reported flagged transactions, and many were disqualified from the airdrop. WTF is this @getgrass_io @grassfdn I’m using it since Epoch 1 and after 10 months of using, it is saying that your wallet is not eligible?? Really?#grassairdrop #grassfoundation #grassSCAM pic.twitter.com/wt7BWPBI1R — Phantom Soul (@PhantomSoulll) October 28, 2024 A total of 1 billion GRASS tokens were circulated, and 10% were given to early supporters and contributors. It’s still too early to see the full extent of these issues’ effect on GRASS, but the token started well price-wise. Token Tries To Breach $2 It’s challenging to make sense of GRASS’s price action since it only launched a few days ago. However, analysts see a bullish trend on the chart’s lower timeframes. The token boasts above-average volume in the last 24 hours. Also, the token’s on-balance volume and price increased starting October 30th. In short, there was buying pressure for the token, suggesting that price gains may happen soon. However, GRASS rejected $2, making it the token’s short-term psychological resistance. Analysts said the price could dip to $1.75 since the RSI reflects a bearish divergence. Related Reading: Will Bitcoin Hit $176K? Anthony Scaramucci Lays Out His High-Stakes Forecast Other Analysts See A Deeper Dive For GRASS Based on the technical charts, the analysts found two notable liquidity pools at prices of $1.56 and $1.96. The current price is currently closer to the liquidity pool at $1.56, with the token appearing to reject the $1.96 level. Since there’s a bearish momentum and a liquidity pool at $1.56, traders and holders can expect a price dip below $1,75. Swing traders and new buyers who want to enter a position can wait for the token’s retesting of $1.56 or even $1.4. Featured image from Pexels, chart from TradingView
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.
Nansen takes a detailed look at an emerging opportunity for Web3-powered investors in a new report.
Cointelegraph Research explores how Polkadot’s innovative architecture and Polkadot 2.0 upgrade improve scalability, interoperability and decentralized governance in the blockchain ecosystem.
Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.
The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market. Related Reading: Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years Deciphering TRON’s Transaction Dominance Data shared by maartuun reveals that in October alone, TRON processed approximately 230 million transactions, marking a significant activity surge. On October 24, the network peaked, handling 10.46 million transactions, around 25% higher than its 30-day average. This activity level reflects TRON’s increased usage, aligning with its performance in 2024, when it frequently led in transaction volume. However, between late August and early October, TRON’s transaction dominance slightly waned, with other networks experiencing temporary spikes in activity. TRON’s return to the forefront suggests the asset is reclaiming its crown and maintaining its status as a “highly utilized” blockchain network for altcoin transactions. The CryptoQuant analyst’s observations suggest that TRON’s current dominance in transaction volume is likely to persist. This trend is supported by historical data, showing that TRON has maintained strong transaction levels over extended periods. It is worth noting that the network’s current transaction share indicates a broader shift within the blockchain industry toward networks that offer scalability and low fees, essential factors for sustaining high transaction rates. TRON’s ability to handle many transactions daily sets it apart from many other altcoin platforms, adding to its appeal and supporting its adoption within various blockchain-based applications and projects. TRON Market Performance While TRON’s on-chain fundamentals appear to be doing well, the network’s native token (TRX) market price performance can also be said to have seen positive movements in recent weeks. Particularly following the ubiquitous price increase in the crypto market led by Bitcoin, TRX has followed the overall bullish trend, increasing by 5.6% in the past fortnight and 3.1% in the past week. Related Reading: Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside However, the asset’s price performance in the past day isn’t all that positive. Over this period, TRX has faced a slight correction, falling from its 24-hour high of $0.1705 to a price of $0.1684 at the time of writing. While TRX’s price has seen an uptick, its daily trading volume seems to be recording an opposite trend. In the past few days, this metric has decreased from over $600 million seen last weekend to below $500 million. Featured image created with DALL-E, Chart from TradingView
Asia has surpassed North America as the leading hub for crypto developers, according to a report from Electric Capital. Maria Shen, partner at Electric Capital, pointed out that Asia has steadily increased its share of global crypto developers, climbing from 13% to 32% since 2015. In contrast, North America’s share dropped from 44% to 25% […]
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First crypto seizure by Victoria Police underscores a new legal framework empowering officers to confiscate digital assets via search warrants.
Tron DAO said in an announcement that DeFi applications JustLend and JustStable — with over $6.5 billion in TVL — will use Chainlink’s data feeds.
Libeara and FundBridge Capital bring US Treasury investments onchain with the Ultra Fund, boosting blockchain finance.
Explore the mechanics of crypto derivatives, including futures, options and perpetual contracts, as well as the role of leverage, margin requirements and their impact on trading strategies.
1inch has teamed up with the Bruce Lee Family Company for the “Take crypto seriousLee” campaign, merging DeFi and Lee’s legacy to shift public perception of cryptocurrencies.
Technical analysis shows Ethereum has been trading in an ascending channel pattern since July 2023, largely with a series of higher highs and higher lows. As it stands, recent market movements have seen Ethereum retesting the lower trendline of this ascending channel, which could make or break its performance in the coming months. Related Reading: […]
Jack Booth of the TON Society discussed the future of decentralization, the impact of CBDCs, and the path to mass crypto adoption.
Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.
Ethereum (ETH) continues to perform poorly against Bitcoin (BTC) as the second-largest digital asset by reported market cap hit new multi-year lows against the top cryptocurrency. Ethereum Continues To Underperform Against Bitcoin Today, Ethereum’s native ETH token slid further against BTC, recording a low of 0.0365 and erasing all its gains against Bitcoin since April […]
Vitalik Buterin’s “The Purge” aims to streamline Ethereum by reducing data bloat, simplifying the protocol and addressing technical debt for better efficiency.