A crypto strategist who accurately called the top of Bitcoin’s 2021 bull market is expecting another leg up for XRP. Pseudonymous analyst Pentoshi believes that XRP looks bullish after breaking through a key resistance level at $0.548. He suggests that a breakout above $0.548 could lead to a price range of $0.62-$0.63.
A trader who accurately called Bitcoin’s May 2021 crash believes that the king crypto has officially entered a bull market. Pseudonymous analyst Dave the Wave points out that Bitcoin’s moving average convergence divergence (MACD) indicator on the monthly chart has flipped bullish after crossing over the zero level.
A Telegram trading bot crypto project that was launched earlier this year has been exploited for more than $600,000. The team behind the Unibot (UNIBOT) crypto project has confirmed that the hack was a token approval exploit. They have taken immediate action by pausing their router to contain the issue. The team assures users that any funds lost due to the bug on their new router will be compensated and that their keys and wallets are safe. They have also promised to release a detailed response after completing their investigations.
The central bank's stance on economic growth remains unchanged, as indicated in its recent policy statement. The bank acknowledges the presence of risks to economic growth, a sentiment that aligns with its previous statement in September. However, the decision on whether to implement another pause or rate hike at the December meeting will be based on incoming data. This suggests that the central bank is closely monitoring economic indicators to make informed decisions. It is important for stakeholders to stay updated on the latest economic data as it will play a crucial role in determining the central bank's next move.
The XRP price recently broke free from a two-month-long accumulation phase, indicated by its exit from a triangle pattern. This breakout resulted in an 11% gain, pushing the coin's price from $0.54 to its current trading level of $0.6. However, given the current market volatility, the question remains: can buyers sustain this momentum?
Tron (TRX) price is showing strong bullish momentum, defying the sluggishness in the overall market. This week, while Bitcoin price remains below $35,000 and Ethereum price wobbles around $1,800, Tron and Solana (SOL) have been performing exceptionally well.
In a recent interview, BitMEX founder Arthur Hayes shared his forecast for the next crypto bull run. He believes that there will always be a 'new new thing' in the crypto space that will influence market expansion. Hayes highlights the previous cycle's focus on layer-1 blockchains and explains that these projects had their moment but failed to sustain their momentum. He suggests that the next bull run will follow a sequence of Bitcoin, Ethereum, and then other cryptocurrencies.
Sam Bankman-Fried, a prominent figure in the crypto world, has undergone a transformation in his goals and aspirations. While he initially presented himself as an effective altruist, whose primary objective was to accumulate wealth for charitable purposes, recent allegations suggest a different motive.
Bitcoin, the revolutionary cryptocurrency, recently celebrated its 15th anniversary. Canadian Member of Parliament Joël Lightbound took the opportunity to honor Bitcoin's journey and acknowledge its anonymous creator, Satoshi Nakamoto. In his speech on the Parliament floor, Lightbound not only expressed his appreciation for the innovative technology but also disclosed his personal ownership of Bitcoin.
Modulus is a cutting-edge technology that harnesses the power of zero-knowledge machine learning (ZKML) to ensure the accuracy and integrity of AI models. By utilizing zero-knowledge proofs, Modulus provides a robust method for verifying the correct execution of AI models.
Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.
Floki, in a recent post on X (formerly Twitter), has accused Bitget of listing the token without permission and subsequently listing a fake version of TOKEN before its official release. Floki further alleges that Bitget conducted tens of millions of dollars worth of trading volume without actually possessing any tokens in their wallet.
The crypto markets operate 24/7, which poses a challenge for traders who have other daily responsibilities. Additionally, a significant number of participants in these markets are non-professional retail investors. As a result, their attention to the market is limited, leading to delayed reactions.
Web2 has primarily focused on the progression from social to finance, while Web3 is now shifting from finance to social. This shift has led to a growing emphasis on the social element of Web3, with various initiatives such as Friend.tech and on-chain loyalty programs gaining attention.
The trial of Sam Bankman-Fried (SBF) in October has sparked discussions and speculation within the crypto industry. Industry insiders are now analyzing the implications of the concluded trial.
The Chainlink coin recently broke through a resistance trendline, resulting in a significant rally. However, the LINK price is now facing a strong supply barrier at the $12 level, hindering further upward movement. This suggests that a bearish pullback may be imminent.