Widely followed crypto analyst Benjamin Cowen says that Ethereum (ETH) is potentially on the cusp of bottoming out against Bitcoin (BTC). In a new strategy session, crypto trader Benjamin Cowen tells his 821,000 YouTube subscribers that the low for Ethereum in its Bitcoin pair (ETH/BTC) is either already in or very close to it. Says …
Monthly archives: November 2024
Bitcoin Entering ‘Price Discovery’ With Best Yet to Come, According to Crypto Analyst – Here’s Why
One widely followed crypto analyst says that Bitcoin (BTC) could be in the middle of a phase of largely uninterrupted upside. Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that BTC’s current run run could continue unabated for a few more weeks. At time of writing, Bitcoin is …
Polymer Launches Real-Time Interoperability for Ethereum Rollups
November 11, 2024 – New York City, New York Polymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups. By streaming messages, states and logs over IBC primitives – equivalent to Web 2.0’s TCP/IP – Polymer Hub verifies and stores the headers of all connected rollups, allowing applications to …
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Ethereum Creator Vitalik Buterin Details Vision for New ‘Info Finance’ Branch of Crypto Amid Rise of Polymarket
Vitalik Buterin is outlining his vision for new crypto use cases pertaining to prediction markets following the rise of betting site Polymarket. In a new blog post, Buterin says that prediction markets are just one example of a “much larger incredibly powerful category,” which he dubs “info finance.” Says Buterin, “Info finance is a discipline …
Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement
Sam Trabucco left Alameda Research months before the FTX collapse and kept his head down — probably on his yacht Soak My Deck. News COINTELEGRAPH IN YOUR SOCIAL FEED FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement agreement in the United States Bankruptcy Court for the District of …
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Former SEC Official Expects Gary Gensler To Resign, Says Regulator’s War on Crypto Now ‘Absolutely’ Over
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will likely hand in his resignation before President-elect Donald Trump’s inauguration next year, according to a former official of the agency. During an Ask Me Anything (AMA) session on social media platform X, former head of the SEC’s Office of Internet Enforcement John Reed Stark says …
$659,850,000 in Bitcoin and Crypto Liquidated in 24 Hours As BTC Shatters $84,000
Bitcoin’s parabolic November continues. The top cryptocurrency just pushed past the $84,000 mark, the latest in a series of all-time highs that has triggered $659.85 million in liquidations in the last 24 hours alone. That, according to the latest on-chain data from Coinglass. The move higher has also triggered all-time highs for a list of …
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Hive Digital buys 6,500 ASICs, starts Paraguay construction
Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity. News COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin miner Hive Digital is upgrading its infrastructure as it begins construction of facilities in Paraguay, the fourth country it will operate in. The Nasdaq-listed Canadian miner …
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Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher. Price Analysis COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time. Analysts remain …
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Judge denies ex-Celsius CEO’s bid to dismiss fraud, manipulation charges
A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.” News COINTELEGRAPH IN YOUR SOCIAL FEED Lawyers representing Alex Mashinsky, the former CEO of the crypto platform Celsius facing a criminal indictment in the United States, have lost a motion to …
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Bitcoin price gains see ‘significant pullbacks’ ruled out before $150K
Bitcoin bullishness is boiling over as market participants appear to dismiss the odds of a major BTC price capitulation. Market Update COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin (BTC) took daily gains to 4.5% on Nov. 11 as an unlikely weekend of upside held firmly in place. BTC/USD 1-hour chart. Source: TradingView BTC price knocks on …
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Digital asset funds hit record $31.3B inflows as Bitcoin leads the charge
Digital asset funds saw inflows of $1.2 billion last week, marking a fifth straight week of positive momentum, according to crypto asset manager CoinShares. The increase pushed year-to-date inflows to an unprecedented $31.3 billion, bringing global assets under management to a record $116 billion. CoinShares’ head of research, James Butterfill, highlighted that trading volumes for …
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Coinbase stock and app rankings soar amid crypto market resurgence
Coinbase, the largest crypto trading platform based in the US, has seen its stock climb above $300—a milestone not reached since November 2021. Data from Yahoo Finance shows that the jump reflects a roughly 11% increase at market opening and coincides with Bitcoin’s recent surge above the $83,000 mark. This strongly aligns with Coinbase’s stock …
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Over $590 million liquidated as long altcoin traders lose $343 million amid $82k Bitcoin
Over $590 million was liquidated in the crypto market over the past 24 hours, impacting 194,284 traders, according to data from Coinglass. The largest single liquidation order occurred on OKX’s BTC-USDT-SWAP, valued at $15.56 million. Crypto liquidations (Source: Coinglass) Long positions bore the brunt, accounting for approximately $343.67 million of the total liquidations, while short …
Binance under fire for allegedly listing pump-and-dump memecoin schemes
Crypto community members have raised concerns over Binance’s listings of Solana-based memecoins—The AI Prophecy (ACT) and Peanut the Squirrel (PNUT)—alleging a possible pump-and-dump scheme. On Nov. 11, Binance, the world’s largest crypto exchange by trading volume, unexpectedly listed these low-market-cap memecoins, helping to boost their values and market caps rapidly. Following the Binance listing, ACT …
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