A top-100 crypto wallet altcoin has surged by more than 22% this week, outpacing the vast majority of the digital asset market. The utility and governance token for the mobile wallet app Trust Wallet (TWT) is trading at $0.946 at time of writing, up from $0.773 one week ago. The 89th-ranked crypto asset is also …
Monthly archives: October 2023
Solana Enhances Privacy Offerings As SOL’s Uptrend Persists With 4% Gains
Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit …
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39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here’s When
A crypto analyst has presented a 39-month analysis that could determine when the XRP price will rally to a new all-time high. The analysis marks a return of this trend, which could see XRP rise as high as $1,000. The 39-Month Cycle Pseudonymous crypto analyst NeverWishing on TradingView has presented a rather convincing 39-month cycle …
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Bitcoin Price Projection Soars: BTC-Gold Ratio Indicator Proposes $120,000 Price Target
Over the past week, Bitcoin price has displayed a notable bullish momentum. This comes after a prolonged consolidation phase during which the leading cryptocurrency remained stagnant below the $27,000 mark for an entire month. However, with the recent breakout and the resurgence of bullish sentiment in the market, experts are now predicting a potential surge that …
Is Ethereum’s Staking Boom A Ticking Time Bomb? JPMorgan Weighs In
Ethereum (ETH), a forerunner in the decentralized finance (DeFi) ecosystem, has seen a notable surge in its staking activities. This staking boom has raised eyebrows among experts from JPMorgan concerned over ETH’s increase in centralization and the consequences that may arise. Ethereum, aiming to transition to a proof-of-stake consensus mechanism, opened the floodgates for staking. …
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Bitcoin News: Here Is When BTC Could Revisit $20,000 One Last Time, Analyst Says
Based on several factors, the latest Bitcoin news points to a potential bullish continuation in the long term. However, the short term remains uncertain; the cryptocurrency continues to trade in a tight range, although BTC has shown a spike in volatility. As of this writing, the Bitcoin price trades at $25,500 with a 2% loss …
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Sam Bankman-Fried goes on trial: A week in review
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. News Join us on social networks Luxury real estate, political donations, investments, and magazine covers. A year ago, that was the life of Sam Bankman-Fried, Assistant U.S. Attorney Thane …
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$260,000,000,000 in Deposits Exits JPMorgan, Bank of America, Wells Fargo and Citi in One Year: S&P Global
Hundreds of billions of dollars in deposits has left America’s four biggest banks in the past year, according to new data from S&P Global. In a new market report, S&P analysts say the entire US banking industry has lost a total of $872 billion in a year that witnessed the collapse of three large American …
Whales Move Over $730,000,000 in Bitcoin, Ethereum, Dogecoin and XRP – Here’s Where the Crypto’s Going
New data reveals that deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and other digital assets. According to data from whale-surveying platform Whale Alert, just over $400 million worth of the top crypto asset by market cap has moved to top US-based crypto exchange platform Coinbase or unknown …
Gary Wang faced up to 50 years in prison before plea deal and is still not guaranteed leniency
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Elon Musk calls for overhaul of SEC after agency issues order against him
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Markets rally on strong U.S. jobs report
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Bitcoin Poised To ‘More Than Double’ Every Year, Says Pantera Capital CEO Dan Morehead
Pantera Capital CEO Dan Morehead thinks Bitcoin’s (BTC) uninspired price action over the previous two years has just been a temporary deviation away from the top crypto asset’s larger growth trend. Morehead says in a new interview with CNBC that he expects BTC to resume its explosive price gains soon. “Bitcoin has a 14-year trend …
Crypto Trader Breaks Down Bitcoin (BTC) Pre-Halving Trends, Anticipates More Volatility Ahead
A widely followed crypto analyst is plotting out Bitcoin’s (BTC) most likely moves as the king crypto approaches a halving next year. Pseudonymous crypto trader Rekt Capital tells his 357,300 followers on the social media platform X that regardless of BTC’s next move, the flagship crypto asset will be worth around $30,000 heading into April 2024. …
U.S. SEC Will Probably Approve All Spot Bitcoin ETFs at the Same Time, Says Ex-BlackRock Managing Director
A former executive at global investment titan BlackRock says US regulators will likely give their nod to all spot Bitcoin (BTC) exchange-traded fund (ETF) applications at once. During a panel discussion at CCData’s Digital Asset Summit in London, ex-BlackRock managing director Martin Bednall, who is now the CEO of Jacobi Asset Management, says that the …