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Intelligence Firm Spots Red Flags in ETH $2k Surge Amid ETF Frenzy 

Ethereum price hits $2,132 amid ETF frenzy, but Santiment warns of potential risks. Ethereum network utility metrics increase while whale transactions surge. Santiment warns of potential shifts in market dynamics due to uncertainty around ETF approval. Prominent market tracker Santiment has stressed the need for caution amid the excitement surrounding the potential launch of a new Ethereum exchange-traded fund (ETF). In a recent tweet, market intelligence platform Santiment noted that Ethereum has witnessed a significant surge in value, reaching as high as $2,132.  Santiment attributed the ETH price increase to optimism following a new Ethereum ETF application. Per the Santiment’s data, the development has placed Ethereum as the second most discussed asset in the crypto market.  Emphatically, the news of BlackRock’s official filing of a Spot Ethereum exchange-traded fund like the firm’s Bitcoin ETF application awaiting approval from the SEC has sparked a frenzy

Poloniex hot wallet hacked with losses reportedly over $33m

Poloniex investor Justin Sun has confirmed the attack, saying the exchange “will fully reimburse the affected funds.” Crypto exchange Poloniex appears to be the latest trading platform to suffer a hack, resulting in a loss of more than $33 million worth of crypto. According to analysts at PeckShield, the hackers drained millions of dollars from one of the exchange’s hot wallet . Research analyst at 21co Tom Wan said in an X post that currently estimated loss is at $34 million. A @DuneAnalytics query ready for you to track how much the Potential hacker got from Poloniex Currently estimated loss at ~$34M, including: – $10M ETH – $2.56M GLM – $2.4M LINK and more https://t.co/judOiLzv4q pic.twitter.com/gcB4eofdwB — Tom Wan (@tomwanhh) November 10, 2023 Poloniex investor Justin Sun has confirmed the incident, but did not elaborate on the matter. He reassured customers that the exchange “maintains a healthy financial position and will fully reimburse the affected funds.” We are curr

JPMorgan implements programmable payments using blockchain tech

JPMorgan Chase & Co (JPM), using one of the most famous blockchain technologies in modern banking, has just implement ed a new feature that lets companies immediately carry out their transactions. JPM Coin now enables clients to program their accounts by incorporating a set of crucial conditions. This functionality empowers them to transfer funds to address overdue payments and margin calls. Additionally, there are prospects for leveraging this feature to capitalize on variances in exchange rates, as reported by Bloomberg on November 10. Leveraging blockchain technology, transfers are nearly instantaneous and available 24/7, in contrast to traditional banking, where transactions are typically batched during working hours. The recent addition to JPM Coin eliminates the necessity for setting standing orders at specific times or amounts. Instead, the function activates when the pre program med criteria are met. “If you think of the current bank account provided by any financia

Bitcoin’s soar past $36k triggers $186m in liquidations

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On Nov. 9, Bitcoin passed the $36,000 mark. The volume of liquidations on futures in the crypto-asset market increased to around $186.6 million. In the last 24 hours, 57,903 traders’ positions were liquidated, totaling more than $186.6 million, according to CoinGlass. About $154.44 million of losses came from short positions. Bitcoin liquidations | Source: CoinGlass The largest liquidations were recorded on the OKX and Binance crypto exchanges – $67.89 million and $58.73 million, respectively. This is followed by Bitmex – $22.22 million, Bybit – $17.8 million, and Huobi – $16.46 million. At the time of writing, BTC is trading near $36,800. Source: CoinMarketCap Bitcoin price history in November On the night of Nov. 2, Bitcoin crossed the $36,000 mark, after which the asset price fell to about $35,200. Against this background, the volume of liquidations on futures in the crypto-asset market reached $160 million within 24 hours. You might also like: Bitcoin’s

Traders back NUGX over PEPE after prices rose 20%

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NuggetRush is gaining momentum as a meme coin with the potential to outperform Pepe.  NUGX offers a play-to-earn gaming model, NFT collections, and multiple utility tokens. The recent presale saw a 20% price increase in NUGX; experts believe it has room for more gains. NuggetRush (NUGX) is a new meme coin that has attracted investors’ attention, especially in the ongoing presale, due to its potential for high returns.  Some investors believe NuggetRush can outperform Pepe (PEPE), a meme coin that previously delivered high gains. The platform’s structure and recent presale surge of 20% continue to drive its popularity. Investors are closely monitoring the project since NUGX can outperform PEPE in the future. NuggetRush dominating memecoins NuggetRush offers a play-to-earn (P2E) gaming model that allows players to earn real-world value by mining in-game minerals and gold.  The project relies on NUGX, a governance and deflationary token, to solve the utility problem that meme

Cardano Trades In A Narrow Range After Peaking At $0.37

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Nov 08, 2023 at 10:04 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the price of Cardano (ADA) has risen and reached the historical price level. Cardano price long term forecast: bullish On November 6, ADA/USD reached a high of $0.3757, which corresponds to the historical price level. Cardano has not surpassed its last high since July 14. Further gains in the cryptocurrency are unlikely as the market is approaching overbought territory. On the upside, if buyers break through the $0.38 barrier, the market will rise to highs of $0.41 an

Hong Kong Grants License to Crypto Bank SEBA for Operations

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SEBA Bank, headquartered in Zug, Switzerland, has achieved a significant milestone in its global expansion strategy. It has secured approval from the Securities and Futures Commission of Hong Kong to engage in regulated activities related to crypto. This accomplishment underscores SEBA’s unwavering commitment to offering a comprehensive range of services within the digital asset sphere. It also extends its reach into a pivotal financial hub in the Asia-Pacific region. The recently obtained license in Hong Kong grants SEBA the authority to participate in a range of activities linked to crypto . These activities encompass the trading and distribution of all forms of securities. This includes products related to virtual assets, such as over-the-counter (OTC) derivatives and structured instruments. However, virtual assets remain their underlying components. Moreover, SEBA will now be able to provide advisory services related to securities and digital assets. It is even authorized to co

Bitcoin Ordinals see resurgence on Binance listing

The ORDI token, which was not developed by the creator of Bitcoin Ordinals, has surged by 41% in the past 24 hours. Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov. 8. As part of initial incentives, the first 1,000 users who deposit at least 72 ORDI to the exchange received a 50 USDT trading rebate voucher.  "ORDI is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility." Bitcoin Ordinals is a numbering system that assigns a unique number to each individual Satoshi, or 1/100 million of a Bitcoin, enabling tracking and tran

3 things to look out for Bitcoin in November

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Late in October, Bitcoin (BTC) finally ended its lengthy period of stagnation and decisively broke above $30,000 even managing to find itself over $35,000 on several occasions in the previous 7 days. It has, however, so far failed to continue its surge and is trading just below $35,000 at the time of publication. Despite Bitcoin’s current refusal to make a strong movement – either upward or downward – there has been a lot of action pertaining to the world’s foremost cryptocurrency and plenty of reasons why November may prove to be a very significant month alongside ‘Uptober’. Watch out for sudden movements While BTC has mostly been maintaining a stable price in the first full week of November, many believe that we are witnessing an accumulation phase before the next breakout.  The rally in late October refocused the public eye on the world’s largest cryptocurrency and reignited enthusiasm for the broader market – and the behind-the-scenes data corroborates this trend.

Ready for lift-off: The second leg of 5th crypto bull market begins

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto traders have seen the highs and lows of four crypto bull markets in the past. With Bitcoin (BTC) doubling from its recent lows, we have concluded the first part of this fifth bull market and have reached a critical juncture. Up until now, Bitcoin dominated, but as this bull market progresses, we will likely see altcoins outperforming as crypto traders are becoming more confident that this bull market has many months left. What is changing? After many quarters of declining revenues for the Ethereum (ETH) ecosystem, those revenues are bottoming out from depressed levels; this could signal a tradeable bottom for ETH. While revenues have only climbed back into the summer 2023 range of $30 million in weekly fees, the shocking number of just $12.1 million during the week of Oct. 9 might be behind us. A tactical bullish trade could

Arbitrum DAO votes in favor of bringing ARB staking

The Arbitrum community has supported a proposal to make a staking mechanism for ARB tokens. Arbitrum DAO has voted in favor of a recent proposal by PlutusDAO, which suggested creating a staking contract for ARB tokens to “incentivize long-term tokens holders.” According to the proposal’s snapshot, over 66.7% of voters approved setting up a fund, allocating 1% of the total ARB supply (100 million ARB) for distributing staking rewards for 12 months. You might also like: Multichain AMM Beluga’s hack on Arbitrum leads to $238k loss At the same time, over 33% of those who voted were against the initiative. Per the proposal’s description, the staking mechanism based on the existing treasury funds is the “most palatable option from a legal perspective, as it does not involve sharing revenues.” “It also does not rule out the possibility of later moving on to a model that allows for other value accrual methods to the token.” PlutusDAO While no time frames were mentioned exp

Cardano price rallies 18% in 7 days, attains four-month high

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The value of Cardano has been on an upward trajectory in November, with whale investors significantly contributing to this rally, as indicated by on-chain data.  On Nov. 5, the price of Cardano (ADA) escalated by 7.5% to $0.348808, marking the highest level in roughly four months.  According to data from CoinGecko, ADA’s price surged 18% over the past week. The surge was possibly driven by the Cardano Summit 2023, which took place from Nov. 2-4. Similarly, in the last fortnight, ADA prices shot up by 33.3%, a feat accompanied by a 9% growth in the coin’s market capitalization as observed by on-chain analytics platform, Santiment. #Cardano has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now +36% over 2 weeks. As usual, #onchain activity hinted at this #bullish action with $ADA address activity & whale transaction at their highest in 3+ months.… pic.twitter.com/IYBBk3ssf4 — Santiment (@santimentfeed) November 2, 2023 The same improv

Could This Crypto Be The Answer To Curing BNB and Polygon Holder Losses in 2023

TLDR NuggetRush offers a lifeline for BNB and Polygon losers with its P2E gaming and zero tax benefits. Diversify your crypto portfolio with skill-based P2E gaming to cover up your losses. It’s better to invest in cryptocurrencies that offer real money making opportunities like NuggetRush. Do you have BNB and Polygon in your portfolio? Well they have not performed as everyone expected in the last couple of months. They are on a bearish trend and investors are not happy with the losses. But what if there’s a golden ticket that could turn things around for you in 2023? We are talking about the best crypto investment of this year which is called NuggetRush (NUGX). Now, this isn’t your average crypto coin that works only on social media sentiments. With its slick P2E gaming and zero-tax policy, this is a top crypto coin for your portfolio needs. Don’t worry, we’ll explain what these features are. And guess what? It’s still in its growth phase, which means yo

U.S. Treasury sanctions a money launderer tied to Russian elites

OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Ekaterina Zhdanova, a Russian national implicated in significant money laundering operations involving cryptocurrencies. Zhdanova is accused of facilitating over $100 million in transactions for a Russian oligarch to the United Arab Emirates, as well as handling large sums for a Ryuk ransomware affiliate.  NEW!!! United States is sanction ing Ekaterina Zhdanova, a Russian national, for her role in laundering hundreds of millions of dollars using virtual currency on behalf of sanction ed russian elites . pic.twitter.com/zvVuuFgFIT — Alex Raufoglu (@ralakbar) November 3, 2023 According to OFAC’s investigation, Zhdanova’s activities offered a channel for Russian elites to maintain their wealth and status despite the extensive sancti

FTX liquidated $100 million SOL in 10 days, but there is more to go

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Sam Bankman-Fried, the founder of FTX and Alameda Research, was found guilty of seven counts of fraud and conspiracy after 15 days of testimony. Meanwhile, crypto wallet addresses owned by these companies have dumped million s of dollars in cryptocurrencies in the past 10 days. Particularly affecting Solana (SOL), FTX and Alameda’s known addresses have deposited a total of 2.69 million SOL ($99.2 million ) to cryptocurrency exchanges since October 24. The most recent three deposits registered by Spot On Chain summed up to 800,000 SOL ($32.7 million ) sent to Binance and Kraken on November 2. FTX made these deposits at an average price of $40.9 per token. FTX cold storage deposits 800,000 SOL to Binance and Kraken. Source: SpotOnChain Notably, both companies still hold 4.26 million SOL ($164 million ), of which 3.96 million tokens ($152 million ) are under staking. Despite being momentarily illiquid on Solana’s protocol, the staked amount could be redeemed at any time. This wou

Shiba Inu: $1000 in 2020, Is Worth $7.5 Million in November 2023

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Shiba Inu (SHIB) witnessed a meteoric rise soon after its launch in August 2020. Within just one year, the token reached its all-time high. Early investors who got into SHIB when it was trading with about ten zeros after the decimal became multi-millionaires and, in some cases, even billionaires. If you put $1000 into Shiba Inu (SHIB) in August 2020, you would have received tens of trillions of SHIB tokens. The value of the $1000 investment would have grown to a whopping $7.58 million in November 2023. The increase in the portfolio’s value translates to a growth of about 758,703%. Also Read: Shiba Inu vs. XRP: Which Will Gain More by Christmas 2023? Source: Changelly However, if you had decided to sell when Shiba Inu (SHIB) reached its all-time high in October 2021, you would have walked away with an eye-watering $75.39 million. The trade would have resulted in a profit of about 7,539,215%. Source: Changelly Is buying Shiba Inu in 2023 a loss? Source – Outlook Despite

Chelsea Manning-backed Nym releases privacy-first VPN powered by blockchain

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Nym Technologies, the privacy infrastructure project with backing from a16z and Chelsea Manning, shares the release of its decentraized VPN for Q1 2024, which is said to disperse user traffic across a network of nodes. Alongside this launch, the project is also releasing the VPN’s lightpaper, providing insights into the solution’s privacy mechanism. Enhancing online privacy In a Nov. 2 announcement shared with crypto.news, the contrast is highlighted between conventional centralized VPN services that channel data through a single server and the NymVPN, which employs a decentralized approach, distributing user traffic across a network of nodes. The architectural change is said to enhance online privacy , rendering it more difficult for potential eavesdroppers to monitor user activities. You might also like: Nym Technologies Onboards Renowned Attorney Ahmed Ghappour as General Counsel “By launching NymVPN we aim to up the game of the industry to actually make good on use

TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator

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Cointelegraph Accelerator welcomes Web3-friendly fintech platform Renegade to its program. As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfect embodiment of the current state of traditional finance. By comparison, decentralized finance (DeFi) has the potential to provide similar services, including fund transfers, payments and storage, much quicker and at lower costs. However, the majority of financial technology (fintech) applications offered by TradFi services win the users in terms of user experience and simplicity, leaving the unnecessarily complex and obscure DeFi apps with limited adoption. Mainstream users require a friendly experience and easy-to-use applications to dip their toes in decentralized waters before becoming full-fledged

PayPal earns recognition as cryptoasset business in the UK

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According to an Oct. 31 update, PayPal UK Limited secured registration as a crypto asset business by the Financial Conduct Authority (FCA). This makes PayPal the fifth firm to receive the FCA’s crypto registration this year, alongside names like Interactive Brokers, Bitstamp and Komainu. You might also like: UK’s FCA to authorize overseas stablecoin providers One of the 14% approved Under PayPal’s listing on the FCA website, the status can now be found as “Registered Since Oct. 31, 2023” for “certain crypto asset activities.” In a statement to a local news site, a spokesperson said that this announcement “enabl[es] the transfer of PayPal’s UK customer accounts to this new UK entity from PayPal Europe on Nov. 1, 2023.” Background and registration statistics | Source: FCA website Since January 2020, the FCA has received 326 applications, of which only 14% or 43 received registration status. Of this number, only 34 were submitted this year, with a mere 6% or five bei