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#bitcoin #blockchain #btc #stablecoins #bitfinex #digital currency #cryptocurrency #bitcoin news #btcusdt #bitcoin price action #crypto analysis #on-chain liquidity

According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market. Bitcoin Headed Lower Before Higher In a detailed thread on X about BTC price analysis, crypto analyst Cole Garner stated that capitulation might be on the horizon for the leading digital asset. Garner attributes the potential downturn to tightening on-chain liquidity. Related Reading: Bitcoin ETF Options Set To Supercharge Price Volatility, Expert Warns Tracking global liquidity from central banks worldwide, the analyst said he sees a “buy signal” for digital assets. However, more downsides for cryptocurrencies could come before liquidity-enhancing measures undertaken by central banks buoy them. In his analysis, Garner stated that “if China doesn’t ring that bell, the Fed or Japan should do the job,” likely pointing toward the recent economic stimulus injected by the Chinese central bank in a bid to boost the country’s grim economic outlook.  Garner referenced the recent economic stimulus from China’s central bank but noted that this week, the People’s Bank of China (PBoC) refrained from injecting additional liquidity, tempering expectations for risk-on assets like crypto. Garner emphasized the low supply of stablecoins compared to the beginning of October 2024. Analyzing the “Bitfinex grail,” which is essentially the total supply of two leading stablecoins on the exchange – USDT and USDC – Garner noted its quarterly rate of change is declining, potentially leading to lower prices for digital assets in the short term. Despite these concerns, Garner pointed out that Bitcoin has printed a higher high on the 8-hour chart, and the market structure remains bullish. Even if BTC dips to its range lows in the high $40k range, the overall price action is still considered positive. Garner suggested that should BTC hit its range of lows, traders and investors can consider buying at that price. Even if they are low on liquid cash, they must ensure they don’t get spooked by the market and panic-sell their current holdings. Another crypto analyst, Ali, seemed to echo Garner’s outlook, stating that Bitcoin is stuck in a descending parallel channel and runs the risk of sliding to channel lows of around $52,000. The analyst stressed that BTC must overcome the $66,000 level for a bullish breakout. Can Bitcoin Hit New All-Time Highs In 2024? With the remainder of 2024 ahead, Bitcoin bulls anticipate interest rate cuts by the US Federal Reserve (Fed) to fuel a new rally. However, BTC must clear several hurdles to sustain its bullish momentum. Related Reading: Bitcoin’s Puell Multiple Signals A Bullish Surge: Could A New ATH Be Near? Crypto analyst Carl Runefelt recently noted that BTC must overcome the $64,000 resistance level to trigger a rally in Q4 2024. Failure to break through this price level could lead to further downside. Further, Bitcoin’s price finally turned green in October, giving bulls hopes of another “uptober” for the asset, which was marked by significant price increases. BTC trades at $60,711 at press time, down 2.4% in the last 24 hours. Featured Image from Unsplash.com, Charts from X and TradingView.com

#dubai #vara #crypto #digital currency #vasp #crypto news

The Virtual Assets Regulatory Authority (VARA) in Dubai has moved decisively, slapping cease-and-desist orders on seven VASPs. This is all a part of VARA’s continued attempts to make sure everyone follows its rules, especially when it comes to crypto marketing and licensing. The fines imposed can reach up to AED 100,000 (around $27,000), underscoring the […]

#bitcoin #defi #crypto #cryptocurrencies #bitcoin price #btc #digital currency #cryptocurrency #bitcoin news #crypto regulation #btcusd #btcusdt #crypto news

The Irish Criminal Assets Bureau (CAB) is facing significant challenges in accessing €350 million or approximately $383 million in Bitcoin (BTC) seized from a former drug dealer.  The cryptocurrency, currently stored in 12 separate wallets, has become a point of contention for the Irish agency, which has been unable to unlock the assets for over […]

#blockchain #ecb #europe #digital currency #dlt #interoperability #european central bank #digital assets #integration #financial stability #unified ledger #capital markets #piero cipollone

European Central Bank executive board member Piero Cipollone would like to see a sort of European union for digital assets.

#defi #crypto #cryptocurrencies #robinhood #digital currency #cryptocurrency #crypto regulation #crypto news #robinhood crypto #robinhood news #breaking news ticker

In a developing story from Politico, a potential clash between Wall Street’s regulator and Robinhood Crypto is looming. As the Securities and Exchange Commission (SEC) prepares to scrutinize Robinhood’s cryptocurrency operations, chief legal officer Dan Gallagher is emerging as a leading candidate to head the SEC should Donald Trump secure another term as president. Potential […]

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #donald trump #crypto regulation #crypto news #us crypto regulation #us crypto #us crypto adoption #kamala harris

With the 2024 presidential election just around the corner, crypto has gained significant momentum as a key issue in the race to the White House, especially with candidates Vice President Kamala Harris and former President Donald Trump expressing support for the digital asset industry. However, law experts assert that it is not the US President […]

#tokenization #blockchain #banks #transactions #cbdc #digital currency #digital asset #swift #interbank transactions #dvp #pvp

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025.

#bitcoin #defi #crypto #cryptocurrencies #btc #bitcoin etf #digital currency #cryptocurrency #crypto regulation #btcusd #crypto news

In a recent interview with CNBC, Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), addressed ongoing enforcement actions against key players in the cryptocurrency industry. His remarks come amid rising discontent among investors and participants who feel the regulatory landscape has become increasingly hostile. Regulatory Oversight Essential For Innovation? Gensler began by […]

#el salvador #bitcoin #btc #adoption #cbdc #digital currency

Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts. 

#defi #crypto #cryptocurrencies #paypal #digital currency #cryptocurrency #crypto news #breaking news ticker #paypal crypto #paypal and bitcoin

On Wednesday, PayPal announced that it is enabling US merchants to buy, hold and sell cryptocurrency directly from their business accounts. This new functionality aims to increase the utility of digital currencies and make it easier for users and merchants to deal with crypto assets in their businesses.  New Features Allow Easier Crypto Management  Jose […]

#bitcoin #crypto #australia #altcoins #digital currency #crypto regulation #crypto news

Australia is taking considerable measures to regulate the cryptocurrency business, with the goal of improving consumer safety and reducing fraudulent activity. Related Reading: Digital Assets On The Table: Kamala Harris Promises To Invest In America’s Future The Australian Securities and Investments Commission (ASIC) has revealed intentions to compel cryptocurrency enterprises, including exchanges, to seek financial […]

#bitcoin #crypto #altcoins #digital currency #bittensor #cryptocurrency market news #tao

Making waves in the crypto industry today, Bittensor (TAO) is showing an impressive annual increase. The current explosion in artificial intelligence adoption has spurred more interest in cryptocurrencies, and Bittensor is conspicuously leading in this regard. Related Reading: AAVE Hits New Highs, Breaks Out After 2 Years Of Consolidation – Details TAO has shown an amazing 1,000% price rise over the last year. The digital asset was up by a solid 65% this month. Looking ahead, CoinCodex projects a whopping 243% price rise, maybe reaching $1,827 by October 23, 2024, therefore inspiring investor hope. Right now, Bittensor is trading at $525, slightly below the vital $530 threshold. This shows strong market mood since it indicates an 81% sustained upward push in the past week. Given the good technical indicators and a positive view of the next months, traders are excited to see how high TAO may get. Strong Market Momentum At the moment, Bittensor is riding a wave of strong upward progress. The price went up by 40% after a recent wedge exit, setting the asset up for more gains. Bittensor’s futures open interest has gone from $61 million to $114 million, showing that investors are taking notice. This rise means that more investors are starting new positions, which means that money is coming into TAO. Moreover, the recent price increase has been accompanied by heightened bullish signals. With liquidation for short positions at a yearly high of $1.45 million, people betting against the market are driven from their positions. Long position liquidations, meantime, have been somewhat minimal, just $139,000 over the past week. This pattern shows increasing confidence among investors thinking about the future price movement of Bittensor. Positive Mood And Price Projections Expectations are that this optimism regarding Bittensor will hold. Furthermore, according to CoinCodex, this will result in an increase of up to 240% as the figures could rise to $1,827 come October 23, 2024. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains The fear & greed index is little changed at 50, and technical indicators are close to neutral. Such a signal is an indicator that investors in the market are staying positive about the prospects of the coin registering more gains ahead. With 16 of his 30 trading days posted in the green over the past 30 days, Bittensor has a 53% success record. Coupled with a 17.69% price volatility, this result suggests a healthy state of the market. Bittensor: Strong Market Signals Bittensor is fairly positioned within the AI coins sphere. Its phenomenal price pump and solid market signals give hope to traders about its prospects. Hence, soaring open interest, a high liquidation rate on short positions, and positive projections for the price indicate that Bittensor may record decent profits in the coming months. Featured image from X/@CryptoGirlNova, chart from TradingView

#bitcoin #crypto #gold #digital currency #cryptocurrency market news

Veteran analyst Peter Brandt is making a bold prediction that is creating a lot of talk in the crypto arena: by 2025, Bitcoin should see its price jump 400% relative to gold. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains He feels that, according to the market patterns witnessed so far, Bitcoin could soar to the equivalent of around 123 ounces of gold. This rally potential comes in the wake of general price predictions, as Bitcoin is likely to increase by 65% over the next three months and by almost 100% in six months, data from CoinCheckup shows. Over the next year, an increase of 130% is estimated, meaning that confidence in the upward movement of Bitcoin is quite strong. There has never been a better moment for investors to ponder this question: Will Bitcoin be able to rise above the iconic status of gold as the prime store of value? Never mind if the crypto market cannot resist their bold prophesying; the confluence of key factors appears to portend a triumph for Bitcoin in the years ahead over gold. When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU 1. Continuation inverted H&S pattern, neckline at 32.5 to 1 2. Left shoulder low at 14.2 to 1 3. Right shoulder forming flag 4. Could decline into high teens to 1 5. Target 123 to 1 pic.twitter.com/VKvsDqwkuU — Peter Brandt (@PeterLBrandt) September 21, 2024 Institutional Adoption Fuels Optimism A significant reason why Bitcoin is likely to rocket soon is because of the increasing institutional investment. Large financial companies, even governments, have begun to view Bitcoin as a store of value akin to old inflation hedges like gold. Such institutional support will be crucial in propelling Bitcoins’ price even higher as capital continues to pour into the market in more considerable volumes. But perhaps most significantly, decentralized finance has unlocked new use cases for Bitcoin beyond its role as a store of value. By including the underlying cryptocurrencies in the DeFi ecosystem, investors can use their Bitcoin positions in ways gold simply cannot be used. According to Titan of Crypto, another respected voice in the crypto community, Bitcoin’s unique position within DeFi will only strengthen its value proposition against traditional assets like gold. Gold’s Rise Could Boost Bitcoin Interestingly, the forecasted rise in gold prices could indirectly benefit Bitcoin. As gold registers fresh all-time highs, it reinforces the narrative of precious metals as a hedge against economic turmoils. This, however, makes Bitcoin a more functional option considering its digital nature and increasing utility within decentralized finance. Investors looking to diversify may see Bitcoin as a way to gain exposure to both safe-haven assets and the rapidly evolving digital economy. According to Wall Street investment banks, gold is likely to break through $2,700 as 2025 progresses, thanks to the expected rate cuts by the Federal Reserve. If Bitcoin maintains its current trend, its price compared to gold may rise, maybe reaching the 123-ounce threshold. Related Reading: AAVE Hits New Highs, Breaks Out After 2 Years Of Consolidation – Details How This Feels To Investors The consequences of this prediction are substantial for investors. Those who own Bitcoin would see significant rewards if the alpha coin’s price rose 400% in relation to the popular yellow metal. Investors must exercise caution when considering this opportunity, despite the fact that Bitcoin’s long-term outlook remains optimistic, particularly in light of its projected 132% price increase within the next year. Overall, the crypto landscape is evolving rapidly, and Bitcoin’s role as a store of value could very well surpass gold’s in the coming years. Investors would do well to keep an eye on both assets as economic conditions shift and markets react to global developments. Featured image from Asia Times, chart from TradingView

#bitcoin #crypto #digital currency #crypto news #kamala harris #us eleciton

Vice President Kamala Harris, who recently vowed to embrace the development of artificial intelligence and cryptocurrencies, shook the political stratum. Related Reading: Trump Coins Go Public For $100: Minted In America, But Will It Sell? Speaking in New York City at a high-profile fund-raising event, she sold her economic agenda, which promises to strengthen innovation […]

#crypto #meme coins #altcoins #sui #digital currency #cryptocurrency market news

SUI has made some gigantic moves recently, posting strong bullish signals. In the last week, SUI registered an impressive 33% rally, pushing the price up to $1.18 at press time. This is getting people wondering whether the token is preparing for a longer ascent, as many are waiting for key levels that might influence the situation. Related Reading: Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months, Analyst Predicts Price forecast for the altcoin predicts significant increase in the next few months. A strong upswing could propel the SUI to soar by 245% in the following three months. The price chart of SUI shows a sequence of higher highs and lower lows, which confirms this view—textbook evidence of optimistic momentum. SUI has gradually climbed from a low of $0.60 early this year, passing through several resistance zones along the way. Bullish Trend Signals Strength SUI’s price movement indicates that bullish sentiment is gathering steam. The token’s capacity to breach resistance zones points to perhaps more fuel left for the rally. Market observers are closely monitoring the next significant resistance level at $1.2047. Should SUI exceed this barrier, the following targets should lie between $1.50 and $1.80. While the support held high at $1.125, a firmer layer of support is observed at $1.045. The battle is on between the bulls and the bears, but the momentum seems to be on the side of the bulls. What would be the final test is whether they can push SUI past these resistance levels to trigger another round of buying. Volume And Open Interest On The Rise Supporting the bullish outlook is the increase in volume and open interest. Data from Coinglass shows the trading volume of SUI has risen 3.25% to $1.83 billion while open interest is up 11.85% at $331 million. This rising trade volume indicates growing interest in this token,. With the increasing engagement, people seem to have big confidence in the short-term prospects of SUI. With these uptrends, the market sentiment is going strongly on a roll to sustain this rally. Technical signals and trading activities are showing good numbers for SUI bulls. Price Predictions Show Optimism The three-month prediction on price for SUI is quite optimistic. Analysts predict the coin rising 245.86% over the next three months. This would signify a massive rise from its present levels, indicating important momentum to be seen within the market and investors. Further ahead, the six-month projection is estimated to increase by 180.47% while the one-year outlook will hike by 166.62%. Related Reading: The Sandbox (SAND) Sets Sights On 1,111% Growth Amid Crypto Market Pressures These numbers suggest that SUI might continue posting steady gains in the medium and long run, despite being traded at 228% below estimates in the next month, suggesting optimism is still around it. Investors are waiting and on the lookout for when SUI will cross past these key levels, which may unlock and open up better prospects for the future. The coin is drawing further attention as it moves with bullish technical signals coupled with increasing volume and positive price forecasts. It may be about to embark on a protracted rally considering the current position of the token, where it has managed to breach the strong resistance levels of around $0.016. Featured image from Chainwire, chart from TradingView

#ethereum #bitcoin #defi #crypto #cryptocurrencies #eth #blackrock #bitcoin etf #digital currency #blackrock ethereum #btcusd #btcusdt #crypto news #blackrock news

As the world’s largest asset manager and issuer of crypto exchange-traded funds (ETFs), BlackRock, solidifies its foothold in the industry, the firm’s Head of Digital Assets, Robbie Mitchnick, recently made interesting statements on key issues regarding BlackRock’s position and vision of the financial landscape.  In a recent interview with Bankless, Mitchnick outlined BlackRock’s strategy for […]

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto news #black agnus #black agnus news #ftw analysis #ftw news #ftw price

As the broader crypto market faces significant price corrections, primarily driven by Bitcoin’s (BTC) nearly 5% drop on Monday, one token has emerged as a standout performer.  Black Agnus and its native token, FTW, have captured attention with an extraordinary surge of 507% in just 24 hours, alongside a significant 183% increase in the past […]

#bitcoin #crypto #digital currency #us elections #crypto news

In the run-up to the 2024 US election, crypto donations have already amassed $190 million. Such a huge amount reflects how strongly interdependent the crypto industry has become with the world of politics. Related Reading: Trump Drops Major Clue On Crypto Project Launch Date But as the influence of crypto grows ever-wider and more powerful, […]

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto regulation #crypto news #us crypto regulation #us crypto #us crypto market #breaking news ticker

The US Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his skeptical stance towards the crypto industry, is under investigation by Republican lawmakers.  The investigation, led by Representatives Jim Jordan, Patrick McHenry, and James Comer, centers on allegations of political favoritism in the SEC’s hiring practices. SEC Hiring Scandal In the letter addressed […]

#bitcoin #crypto #btc #digital currency #btcusd #cryptocurrency market news

Recent data illustrates the interesting trend in Bitcoin ownership, where addresses that hold between 100 and 1,000 BTC control approximately 20.3% of the circulating supply. Related Reading: Vitalik Buterin Withdraws 760 ETH As Market Turmoil Strikes Ethereum This would amount to a total of about 4.01 million BTC, which is a considerable surge of 5% compared to the 3.82 million BTC it had just six months ago. The rising accumulation by major holders shows strong interest in the cryptocurrency market; hence, this also reflects the greater institutional adoption and confidence in Bitcoin as an asset. Addresses holding between 100 and 1,000 BTC now control 20.3% of the circulating supply, equivalent to 4.01 million BTC. This marks a 5% increase from 3.82 million BTC six months ago, highlighting growing accumulation by large holders pic.twitter.com/JwkxBgWmDS — IntoTheBlock (@intotheblock) September 8, 2024   The Rise Of Institutional Interest The world of cryptocurrency is changing, and right at the forefront of that change is institutional interest. It has just been shown in a recent Coinbase survey that nearly one-third of institutional respondents have increased their crypto holdings over the past year. Consequently, there is a surge in confidence: 64% of those already invested are expected to invest even more resources into cryptocurrencies in the next three years. This is the most important sentiment, because it means long-term commitment to digital assets and, especially, Bitcoin, which is still perceived as “digital gold.” Bitcoin: The Big Players Significantly, key financial giants such as Grayscale and BlackRock have been leaving no stone unturned in the crypto space. Grayscale’s Bitcoin Trust saw billions invested into it, while BlackRock’s foray into Bitcoin ETFs simply legitimized the asset class. The greenlighting of spot Bitcoin ETFs by the US Securities and Exchange Commission has been a game-changer, with such funds gathering more than $25 billion in assets within one month of their launch. Such a surge of institutional money does not only tame volatility in the market but also greatly increases the credibility of Bitcoin as a mainstream form of investment. Related Reading: Ether Liquidity Plummets 40% On Exchanges After ETF Debut Corporate Strategies And Massive BTC Adoption While this is the case, and as the appeal of Bitcoin continues to rise, many companies have started rethinking their treasury strategies. According to River, a Bitcoin technology company, in about 1.5 years, an estimated 10% of US-based companies could invest about 1.5% of their cash reserves, approximately $10.35 billion, into Bitcoin. This hypothesis has been based on the premise that companies need to combat inflation and hunt for asset diversification. The future of Bitcoin is, therefore, bright and very attractive to corporate finance. Such rapid growth in BTC holdings among major addresses may indicate that big investors position themselves for long-term gains. Featured image from Ranker, chart from TradingView

#bitcoin #crypto #btc #digital currency #crypto news

Bitcoin fell below $54,000 on September 6, 2024, after cruising earlier in the day to $57,000 following the US nonfarm payrolls. The report showed that the economy added only 142,000 jobs in August, which was much below expectations and threw the crypto market into volatility. Related Reading: Nearly 90% Of Crypto Firms Fail UK’s AML […]

#defi #coinbase #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto regulation #crypto news #coinbase news #kamala harris #vice president kamala harris

Signaling a potential shift from previous skeptical stance, vice president Kamala Harris is reportedly utilizing Coinbase’s Commerce platform to accept crypto donations for her campaign.  Alesia Haas, Coinbase’s Chief Financial Officer, disclosed this information during a discussion at Citi’s 2024 Global TMT Conference in New York, as reported by Fortune. A Shift In Democratic Attitude […]

#bitcoin #crypto #digital currency #crypto news #fit 21 #pro-crypto congress

Paul Grewal, Coinbase’ Chief Legal Officer, is still confident about a pro-crypto Congress in the United States after the 2024 elections. During an interview recently, Grewal spoke to the way bipartisan support for legislation of digital assets may be achieved in comparison to the skeptical approach by the US Securities and Exchange Commission under Gary […]

#ripple #xrp #altcoins #digital currency #cryptocurrency market news #xrpusd

Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. Costing more than $560 million, the release has caused waves in the digital currency market. Related Reading: Market Slip Drags Injective Down 16% Despite Ongoing Developments First, 500 million XRP were released in three consecutive phases; next were 200 million and finally 300 million. Every one of the three transactions was completed within minutes, suggesting that Ripple was onto maintaining really good token supply control. Market Reaction To The Unlock The price of XRP did go slightly lower right after the unlock, at $0.55, which is a drop of 2.26% from the previous day. This shouldn’t really be a surprise, given how large-scale releases have time and again proved to affect prices. According to Whale Alert, at 10:50 UTC+8 today, 1 billion XRP were unlocked from the rDqGA…mKxEsF in three transactions, with a value of over $560 million dollars. The address: rDqGA…mKxEsF was marked as an official Ripple address by XRPSCAN and bithomp.… — Wu Blockchain (@WuBlockchain) September 1, 2024 Ripple’s Chief Technology Officer, David Schwartz, has previously acknowledged that mixed feelings when it comes to these monthly unlocks. While this may be an attempt to make the markets more transparent and predictable, in actual sense, such releases serve to inject volatility into the markets. Interestingly, the unlocked tokens remain in the “Ripple 24” wallet, which means there are no immediate plans to further distribute them. That can soften a more severe drop in price since these tokens are not yet on the market. However, analysts warn that the increased liquidity from such tokens may lead to possible sell-offs and further unpredictability of the token’s price in the near future. Historical Context And Predictions Up until now, Ripple had been releasing 1 billion XRP every month, a tradition that started in May 2024, while more than 43 billion XRP remain locked up in escrow until December 2027. In fact, the organization believes its approach will ensure gradual control dilution and further decentralization of its network. Ripple’s willingness to sell has recently drawn investors’ attention because such sales affect XRP’s price. Analysts are still divided about what could be the future of XRP. A few believe there could be a spike, similar to the exponential jumps in price that were seen in 2020, while others anticipate a flat, if not, stagnant trajectory. Related Reading: TIA Down 23% In A Week, As Investors Eye New On-Chain Projects Wider Ramifications For The Crypto Market Were XRP to break out from the shackles of its current trading patterns, some estimates put it as high as $4. This optimism is predicated on market demand and overall resilience in the crypto market. What Ripple is doing has effects that could spread well beyond just XRP in the market. More broadly, cautious optimism continues to define the crypto market while many investors remain in wait-and-see mode until clearer signs of an altcoin season materialize. Featured image from Nature, chart from TradingView

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #donald trump #crypto regulation #donald trump nfts #crypto news #breaking news ticker #donald trump news #bitcoin donald trump #crypto donald trump

As the crypto market approaches a pivotal moment with the upcoming US election in November, former President Donald Trump continues to voice his support with a recent post and the details of his new crypto venture, “World Liberty Financial.” Trump Vows To Make The US A Crypto Capital In a recent video release, Trump articulated […]

#nfts #defi #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto regulation #opensea #nft news #crypto news #nft marketplace #opensea news

OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs), found itself at the center of controversy after the Securities and Exchange Commission (SEC) issued a Wells Notice early Wednesday over the alleged classification of NFTs as “securities.”  This prompted reactions from prominent figures in the crypto industry, US senators, and market experts, all of […]

#bitcoin #stablecoins #digital currency #crypto payments #crypto news

Recently, Brian Armstrong, the chief executive of Coinbase, gave a future view on cryptocurrency payments as a means of transaction. He went ahead and predicted a significant growth influenced by stablecoins. Related Reading: $2 Billion Market Cap: Tokenized Treasuries Register Explosive Growth According to him, crypto payments will go mainstream this decade because of the […]

#bitcoin #crypto #near protocol #near #altcoins #digital currency #cryptocurrency market news

NEAR has continued to rally despite the market slipping by 2% today. According to CoinGecko, NEAR, the native token of the platform, achieved almost 23% gains since last week. This is largely due to positive on-chain developments, showing that the altcoin has enough muscle to remain in its current position within the market. Related Reading: Dogecoin Rally: Over 70% Of Holders Enjoy Profit As Memecoin Climbs 9% Just recently, NEAR announced that Nightshade 2.0, NEAR’s touted “novel sharding design”, was deployed on the platform’s mainnet, improving the already robust and reliable system users have been enjoying for years.  Nightshade 2.0 Brings New Light To The Validators According to a recent blog post, network upgrade have brought in stateless validation, the new sharding architecture for the protocol. This new architecture improved upon the single-shard performance of the network. NEAR already has six shards deployed on the network with a target of ten by the end of the year.  It also lowers hardware requirements to become a validator. Nightshade 2.0 improved the validator experience by omitting the need to track all of NEAR’s shards, stimulating the growth of the validator side of the crypto.  “In particular, the new sharding implementation paves the way to significantly increase the coin’s already-fast transaction throughput,” said Bowen Wang, Head of Protocol at NEAR One. According to Illia Polosukhin, Co-Founder of NEAR Protocol and the CEO of the NEAR Foundation, the network upgrade fixes “the fundamental bottleneck issue on most L1s of how to scale while preserving both usability and security.” Rejection Candle Forms Marking Start Of NEAR Correction Phase With the market’s slippage on today’s trading activity, NEAR is currently trading on a red candle as the token is rejected by the $5.2 ceiling, flipping the momentum to the bears in the short term. This will make losses inevitable in the short term.  Related Reading: Injective (INJ) Skyrockets 21% As Proponents Weigh In On New Developments With the market dip flipping the momentum to the bears, it will continue to affect the crypto’s performance if the bearishness continues. However, NEAR’s recent developments might slow the fear, uncertainty, and doubt as the recent development helps network growth in the long term.  Once Nightshade’s effect matures, NEAR will have a solid base for investor confidence to stand on.  Right now, NEAR has two possible paths that it may take in the medium term. If the market rebounds after the current dip, it has the potential to break through $5.7 in the coming weeks. However, if the dip continues to worsen by the day, NEAR might return to $3.8 with the worse-case scenario being at $3.0 if the situation worsen.  For now, investors should be cautious by monitoring the market’s broader movement as any swing can affect the altcoin’s performance.  Featured image from Rebank, chart from TradingView

#bitcoin #defi #crypto #cryptocurrencies #bitcoin price #btc #digital currency #cryptocurrency #bitcoin news #crypto regulation #btcusd #btcusdt #crypto news

While crypto has been at the eye of the storm in the race for the White House, a notable absence in the recent unveiling of the Democratic Party’s latest platform ahead of the Democratic National Convention has discouraged the industry. The document, unveiled amidst heightened anticipation, notably overlooks any mention of Bitcoin or digital assets, […]

#defi #crypto #cryptocurrencies #digital currency #cryptocurrency #crypto regulation #binance nigeria #crypto news #nigeria crypto #binance vs nigeria #nigerian crypto crackdown

A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against the government. The ruling, amid heightened tensions over the rising cost of living in Africa’s most populous nation, has sparked concerns over the authorities’ response to civic unrest. Anti-Graft Agency Freezes […]