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Showing posts from October, 2023

Can XRP Trade Above $1 in the Next Bull Run?

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XRP has been a prominent player in the crypto market, showcasing remarkable resilience and growth that has caught the attention of numerous market participants. Over the last 24 hours, XRP witnessed a trading volume exceeding $2 billion. This signifies an astounding 160% surge when compared to recent data. This surge in trading activity, combined with XRP’s ascent to $0.58 within the past day, is propelling the crypto currency into bullish territory. This is even in the absence of a significant legal development related to the ongoing U.S. court case. Source XRP enthusiasts, often referred to as the “XRP Army,” are currently speculating about the crypto currency’s trajectory in the forthcoming bull run market, unaffected by the influence of the U.S. regulatory body. Notably, analysts utilizing technical tools like the Elliott Wave pattern have put forth bold predictions. Dark Defender, a respected chartist, proposes that the asset could potentially rally to $13 or even $18. This

Global watchdog: Stablecoin cons outweigh pros for cross-border transactions

The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations. Stablecoins, digital currencies pegged to other assets like fiat currencies, have been touted for their potential to enhance transaction speeds and reduce costs for cross-border payments. However, a recent report by the Committee on Payment and Market Infrastructures (CPMI) explores the capacity of stablecoins in fulfilling these expectations while being fully compliant with regulatory standards. The CPMI, a global standard-setting body under the Bank for International Settlements, sheds light on the various challenges and intricacies involved in integrating stablecoins into the global financial framework. Despite the potential benefits, the report underscores that potential drawbacks could significantly outweigh the advantages, highl

Bitget announces the delisting of Floki’s TokenFi (TOKEN)

Bitget has announced the delisting of TokenFi (TOKEN), the token of an asset tokenization platform launched by Floki. The exchange accuses the team behind TOKEN of potential market manipulation and opaque vesting schedule. The price of TOKEN was $0.01806395 at the time of writing, having surged by 258% in the past 24 hours. Bitget has announced the delisting of TokenFi (TOKEN), the tokenization platform recently launched by the team behind the meme cryptocurrency Floki. The price of TOKEN on exchanges is currently $0.01806395, about 258% up in the past 24 hours. Bitget announced the listing of TokenFi on October 27. Why did Bitget delist TOKEN According to details in an announcement published on Tuesday, 0ctober 31, the decision to delist TOKEN relates to potential market manipulation by the project’s team. “ After the trading service of TokenFi (TOKEN) began, significant price fluctuations have been noticed. It was also found that the project team o

$326,000,000 in Institutional Capital Hits Bitcoin and Altcoins In Largest Wave Since July 2022: CoinShares

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Rising optimism in crypto has pushed institutional investors into making their largest allocation of capital into digital assets markets in over a year. In its latest report, Digital assets manager CoinShares says institutions put $326 million into crypto investment products last week, the largest weekly inflow since July of 2022. CoinShares says the inflows coincide with growing optimism from investors that the US Securities and Exchange Commission (SEC) is likely on the verge of approving a spot-based Bitcoin (BTC) exchange-traded fund (ETF) in the US. Source: CoinShares With the perceived likelihood of a Bitcoin ETF, BTC saw 90% of the inflows from institutions, says CoinShares. However, the firm says that the inflows were still not historically significant for the king crypto, suggesting potential hesitancy among investors. “While positive for Bitcoin, this weekly inflow ranks as only the 21st largest on record, suggesting continued restraint amongst invest

Ancient Dogecoin Wallet Abruptly Comes to Life, Moves $372,461 in DOGE After Lying Low for Nearly 10 Years

A long-dormant Dogecoin (DOGE) wallet has suddenly awakened from its slumber, moving hundreds of thousands of dollars worth of the memecoin after nearly a decade of inactivity. The whale-surveilling platform Whale Alert initially spotted the transfer. Whale Alert reveals that the ancient entity shifted 5,392,984 DOGE worth $372,461 at the time of transfer after being idle for 9.8 years. ? A dormant address containing 5,392,984 #DOGE (372,461 USD) has just been activated after 9.8 years!https://t.co/XKqB6FhC3K — Whale Alert (@whale_alert) October 28, 2023 Blockchain tracker BitInfoCharts shows that the holder made three separate transactions on October 28th, which drained the address. The wallet in question received its first Dogecoin stack in December 2013 when DOGE was trading at $0.00054. BitInfoCharts also reveals that the long-term DOGE holder printed $366,493 in profits after owning the top meme token for almost a decade. Following the transaction tra

Analyst projects ‘mega bounce’ and ‘fireworks’ for XRP; This is when March-May 2024

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In an Analysis shared by market analyst EGRAG on X, he predicts a XRP rally in the beginning of next year. This surge has the potential to push the cryptocurrency to reach the $27 price mark, signifying a significant increase of approximately 4,853% from its current value. EGRAG’s projection, outlined in a recent Analysis of XRP, draws upon historical patterns observed during previous bull markets. The analyst highlights that the past bull run witnessed Bitcoin (BTC) surging by 23 times, while Ethereum (ETH) saw a remarkable 58-fold increase. The analyst underscores that XRP also has the potential to achieve similar gains, but it has faced resistance primarily due to price suppression resulting from the US SEC’s lawsuit against Ripple. XRP fundamentals XRP, ranks fifth by market capitalization and is currently priced at $0.54, has been a prominent player in the cryptocurrency market for over a decade. Stocks Coinbase stock is up 110% in 2023; Is COIN still a buy?

How Web3-powered streaming platform connects viewers and creators

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For too long, streaming has been a one-way street. But now, fans have a chance to unlock exclusive perks whenever they watch their favorite content. A Web3-powered stream ing platform , Replay vows to transform the entertainment industry — empowering viewers and creators alike. It allows audiences to be rewarded for their attention, all while unlocking new revenue stream s for talented individuals behind the camera. The entertainment world has changed dramatically in recent years, but some things remain the same. Revenue continues to be a one-way street — with consumers buying subscriptions or downloads for the content they want to see. And it’s a huge market — with the typical American watching TV for about three hours a day. This is the ultimate definition of passive consumption, with viewers getting nothing in return for the time investment they’re making. Likewise, for entertainment brands, interaction with their audience ends when the stream does: media brands have no actionabl

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

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LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level. Chainlink (LINK) token price, 12-hour, USD. Source: TradingView It's worth noting that this surge coincided with Bitcoin's (BTC) 23% gain during the same period. However, LINK's performance stands out in comparison to Ether's (ETH) 14% increase and Solana's (SOL) 28% rally, suggesting increased bullish sentiment toward Chainlink's leading oracle and decentralized computing solutions. Chainlink partnerships and integrations back the rally Several recent developments have contributed to LINK's outperformance of its peers. Notably, the announcement of Chainlink's upcoming native

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

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Fanton brings blockchain-based fantasy football to Telegram thanks to the IM service’s recent integration with the TON blockchain. What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their favorite teams. Built mainly for football fans, the fantasy sports industry, a vast network of virtual sports leagues where users can create their own teams, has also grown to become a $25 billion global market. Mixing fantasy football with blockchain features like nonfungible token (NFT) cards could create an ideal entry point to Web3 for the masses. However, current platforms present complex mechanics for newcomers, and most of them lack in-platform user interaction —a big loss considering the social aspect of fantasy football. Soccer superstars as collectible cards

PEPE Soars Over 30% Post Token Burn, Will the Bullish Trend Continue?

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PEPE ignites a 31% rally in 24 hours with a strategic token burn, now trading at $0.000001216, signalling bullish sentiment. PEPE’s market cap and trading volume surged by 31.39% and 87.94%, reflecting growing demand and potential for further gains. Anonymous Whale’s $1.42 million PEPE token acquisition adds intrigue to the meme coin’s journey. In the last 24 hours, Pepe Coin (PEPE) has experienced a significant surge, registering a 31% increase following the burning of a massive 6.9 trillion tokens. This strategic move, a practice meant to create scarcity and value, has ignited investor interest, catapulting the meme coin to a two-month high. With bulls having the upper hand, PEPE has swayed between resistance and support levels of $0.000001263 and $0.0000009187, respectively. At press time, PEPE was trading at $0.000001216, showing signs of consolidation after the initial surge. This price level indicates a strong bullish sentiment among investors, who are

Shiba Inu: AI Predicts SHIB Price For November 1, 2023

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The Shiba Inu digital currency, denoted by the symbol SHIB, has attracted considerable attention in the realm of digital assets. Despite facing criticism due to its extended period of price stability, SHIB has defied expectations by experiencing a substantial 10% surge. As of the current moment, SHIB is trading at $0.00000809, drawing the interest of both investors and market analysts. With this surge, numerous experts are optimistic about Shiba Inu’s potential for a significant upswing, highlighting its strong technical foundation as a key factor. Nevertheless, a pivotal question lingers: can this meme coin sustain its newfound momentum or potentially achieve even greater heights? Projections from Artificial Intelligence (AI) platforms provide valuable insights into what Shiba Inu might encounter in the month of November. Also Read: Shiba Inu Rises Double Digits Today for the First Time in 3 Months How will Shiba Inu kickstart November? As we step into November, Shiba Inu

Meta advances its AI system to interpret photos based on brain activity.

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In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the variance in sentence structures. Predictability, on the other hand, delves into the likelihood of anticipating the subsequent sentence. Human authors often infuse their writing with bursts of complexity, interspersing lengthy and intricate sentences with shorter ones. In contrast, AI-generated sentences tend to maintain uniformity. Consequently, for the content I’m about to guide you in crafting, it is imperative that we embrace a generous dose of perplexity and burstiness, while minimizing predictability. Moreover, this content must be meticulously composed in the English language. Now, let’s rephrase the provided text: On October 18, Meta AI introduced a groundbreaking artificial intelligence (AI) system, designed to decipher the visual information encoded in human brain waves. This pio

Stock market chart echoes dot-com bubble; Are your investments safe?

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As the famous saying goes, “History never repeats itself, but it does often rhyme,” and recently, the Nasdaq Composite index (NASX) chart has been demonstrating eerily similar movements as around 20 years ago, when the dot-com bubble imploded. Indeed, the NASX chart shared by the data analytics platform Barchart shows that the index’s current chart patterns mimic those from the turn of the century, specifically the two bottoms, followed by a top, another bottom, another top, and a beginning of a decline, as shown in an X post published on October 26. Nasdaq Composite chart since late 1990s. Source: Barchart As the X user Michael Burry Stock Tracker , who keeps track of Michael Burry’s stock portfolio, highlighted when reposting the chart, the comparison of the dot-com bust and today’s stock market was “looking a little spooky,” according to the post shared on October 26.  What happened in early 2000s As a reminder, the dot-com bubble was a stock market bubble fueled by highly

Hashdex sits down with SEC over spot Bitcoin ETF application

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Asset manager Hashdex recently met with the U.S. SEC to address the regulator’s concerns over its application for a spot Bitcoin ETF. Asset manager Hashdex recently held a meeting with the United States Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph.  As per a memorandum released by the Division of Trading Markets, the meeting took place on Oct. 13, with six SEC officials and representatives of Hashdex, NYSE Arca, Tidal Financial Group and law firm K&L Gates in attendance.  In the meeting, Hashdex presented its mechanism allowing spot Bitcoin (BTC) to be traded and held in the ETF on the Chicago Mercantile Exchange (CME), which the Commodity Futures Trading Commission regulates. Hashdex’s filing differs from other spot Bitcoin application s because it doesn’t have a surveillance-sharing agreement w

Kaiko reports exchange de-listings at an all-time high

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Amid Bitcoin’s remarkable comeback, a substantial number of digital tokens are facing delisting from major exchange s like Coinbase Global Inc. and Binance this year. Data from Kaiko indicates that over 3,445 tokens or trading pairs have either been delisted or rendered inactive, what is said to be a record pace by Bloomberg. Upcoming trade suspension According to an incident report from Oct. 17, Coinbase removed 80 trading pairs, marking the highest number of delistings in any month this year.   Our latest research covered by Bloomberg shows that exchange de-listings are at their highest level ever View the full article: https://t.co/wUSRB6DNub pic.twitter.com/Se7dTd9JCT — Kaiko (@KaikoData) October 25, 2023 This was following an earlier on Sept. 14 that OKX, the world’s fourth largest cryptocurrency exchange, announced the delisting of 30 crypto pairs due to non compliance. This brings this exchange’s delistings to 172 for the year, only a few less than the 176 that were re

Telegram trading bot Maestro refunds users 610 ETH after router exploit

Maestrobots, a group of crypto bots on Telegram, has refunded users 610 ETH in the aftermath of a 280 ETH smart contract exploit on Oct. 24. Maestrobots, a group of cryptocurrency bots on the Telegram messenger, is refund ing users in the aftermath of a 280 Ether (ETH) attack. The Maestro team refunded the users affected by the Maestro Router 2 contract, the platform announced on X (formerly Twitter) on Oct. 25. According to the announcement, Maestrobots paid a total of 610 ETH in its own revenue to cover all the user losses, worth more than $1 million at the time of writing. “Every wallet that lost tokens in the router exploit has now received the full amount they lost. Some of you ended up with even bigger bags,” Maestro wrote. The Maestro team noted that some amounts were paid back in affected tokens and ETH. For nine out of the 11 exploited tokens, Maestro chose to buy and refund tokens instead of sending ETH because “it's the most equitable and complete refund” it could offe

Enhancing Portfolio Management With AI-Based Insights

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Portfolio management is like the GPS for businesses navigating financial markets. It guides them to their financial goals. Traditionally, humans used their experience and data to make these decisions, but now, there’s a new player: Artificial Intelligence (AI). AI is like a financial superhero. It can analyze mountains of data, predict market trends, and make smart decisions. This article explores how AI is changing the game in portfolio management, making it smarter and more efficient. So, come along as we uncover how AI reshapes portfolio management, simplifies complex strategies, and helps businesses stay ahead in today’s fast-paced financial world. The Evolution of Portfolio Management Portfolio management, the art and science of managing an organization’s collection of investments, has a rich history that has evolved. Traditionally, it was primarily reliant on human expertise and rudimentary tools. However, as the global economy became more complex, traditional methods proved