Cryptotale

Ethereum’s price rose above $2600, triggering significant liquidations for short positions. Buterin discussed plans to reduce Ethereum’s transaction finalization time post-Merge. ETH’s network stability and security post-Merge remain key priorities for future upgrades. The Ethereum (ETH) liquidation heatmap showed key trends in liquidation activity. The data was taken during October 9-15, as Ethereum’s price fluctuated…

MicroStrategy has outperformed all S&P 500 companies since August 2020, per Arkham data. The company’s strategic Bitcoin investments have fueled a 1,620% stock price surge. MicroStrategy’s cryptocurrency focus has set it apart in the competitive financial landscape. MicroStrategy has turned out to be among the best performing stocks in the market. Since August 2020, its…

Sui Foundation provided an official statement in response to allegations over token sale. The foundation refuted the claims and stated that no insider was involved in the sale. The confusion came after an analyst stated that Sui Foundation had sold tokens for $400M. Sui Network came under public attention after an analyst stated that nearly…

Bitcoin nears $67K with $19B in short positions close to liquidation on Binance. Potential short squeeze may drive Bitcoin’s price higher, adding buying pressure. Additional $33B in shorts could liquidate at $70K and $73K if price continues rising. Bitcoin’s price is hovering around $66,000, reaching its highest level since July 30. A significant event looms…

Kamala Harris proposes 1 million forgivable loans to help Black entrepreneurs start businesses. Harris pushes for clear crypto regulations to support Black Americans. Harris plans to create job pathways and expand health care in Black communities across the US. Vice President Kamala Harris has put her attention on Black men as she campaigns for the…

The Ethereum founder outlines the possible enhancements of the protocol following the Merge. The improvement areas include transaction speed, solo staker accessibility, and security. Offchain Labs promises continued support for Ethereum’s fulfillment of its future goals. Ethereum founder Vitalik Buterin shared insights on the protocol’s potential improvements following the Merge. He outlined areas of enhancement,…

Amar Kuchinad is appointed as the CEO of Copper, replacing founder Dmitry Tokarev.   Copper aims to expand into US markets, targeting traditional financial clients.   ClearLoop trading volume surged to $121.2B in July 2024 amidst regulatory challenges.   Crypto custodian Copper Technologies Ltd has named Amar Kuchinad as its new CEO. He replaces Founder Dmitry Tokarev who…

Bitcoin rises above $64K, boosting market capitalization to $2.36 trillion with a 1.97% gain. Solana leads with a 3.81% gain, while TRON falls 1.49% amid mixed market performance. BTC dominance climbs to 53.91%, but the Fear & Greed Index remains at 48. The analytical platform CryptoRank provided market data and revealed that Bitcoin (BTC) has…

Ripple’s legal case with the SEC continues to impact XRP’s performance in the market. Bitnomial sued the SEC, arguing XRP should be treated as a commodity, not a security. The SEC’s intervention blocked Bitnomial from offering XRP futures on its platform. Ripple Labs continues to face legal pressure from the U.S. Securities and Exchange Commission…

Lookonchain reports a whale bought 1.38M POPCAT after withdrawing 12,716 SOL from Binance. After buying 2.06 million WIF in June, the whale reduced losses from $4.44M to $2.5M. The whale holds 2.05M POPCAT valued at $2.82M, with $518K in unrealized profits. Cryptocurrency tracking service Lookonchain disclosed that the holder of 112.5k WIF, who sustained a…

Ethena Labs proposes adding Solana (SOL) as new collateral for the USDe stablecoin. If the proposal is approved, it will diversify USDe’s collateral by $100-200M in SOL. Analysts see a bullish pattern for ENA, suggesting a potential 100-120% price increase. Ethena Labs, the company that developed the synthetic stablecoin USDe, has recommended adding Solana (SOL)…

Uniswap Labs’ Unichain launch shifts fees from Ethereum to benefit UNI token holders. Unichain enables Uniswap Labs to capture Maximum Extractable Value, boosting earnings. Liquidity providers on Unichain will gain from staking and transaction settlement roles. Uniswap Labs has launched Unichain, a new layer 2 blockchain, poised to transform the decentralized finance (DeFi) landscape. By…

Bitcoin approaches key resistance level, with potential for a breakout and higher gains.   Crypto analyst highlights potential bullish momentum as Bitcoin nears critical price levels.   Technical analysis shows strong support at $60,727 and neutral RSI, suggesting more upside. Bitcoin is trading right at the verge of a major resistance level based on the current price…

Avalanche Foundation is set to get back its 1.97M AVAX from Luna Foundation Guard (LFG). The Avalanche tokens were sold for $100M in 2022 and are now approximately priced at $45.5M. The transaction occurred in April 2022, a month before the Terra blockchain collapsed. The Avalanche Foundation plans to buy back its tokens from the…

SOL’s recent uptrend led to increased liquidation activity as traders closed short positions. Market data indicates strong support for Solana near key levels, driving bullish momentum. Analysts predict Solana’s performance could surpass Ethereum, fueled by projected growth. In recent days, Solana’s price experienced a sharp recovery, reaching $152. This surge indicates a robust uptrend, with…

Monochrome launches Australia’s first spot Ethereum ETF on Cboe, offering in-kind transfers.   The ETF’s bare trust structure prevents capital gains tax on Ethereum transfers.   BitGo, Gemini, and State Street Australia will provide support and custody services. Monochrome Asset Management will be releasing Australia’s first spot Ethereum exchange-traded funds at the Cboe. This fund, known as…

Cryptocurrency has transformed the transaction landscape, introducing a peer-to-peer (P2P) model that facilitates direct transactions between buyers and sellers. It eliminates the need for third-party intermediaries and enables a more streamlined and decentralized exchange process. On the one hand, these platforms are useful because they eliminate middlemen or bring a lot of flexibility and freedom;…

The combination of TradFi and cryptocurrency has sparked many ideas into discussions regarding the future of the financial industry. This article provides a deep insight into TradFi’s role in the cryptocurrency space by exploring its functions, strengths, and challenges it faces with decentralized finance (DeFi) and centralized finance (CeFi). What is TradFi? TradFi, the short…

It is in our nature to seek the truth behind a mystery and as one of the biggest mysteries of this century, the identity of Satoshi Nakamoto continues to captivate people worldwide. While there is no doubt that it was Nakamoto who created Bitcoin, the true identity behind the pseudonym remains a mystery. Since the…

The extended use of blockchain technology has given birth to a new economy involving digital assets. Generally, digital assets are anything that is created and stored digitally but has a distinct value in the real world. The birth of digital assets has paved the way for the entry of new service providers and asset classes. …

Bitcoin Cash (BCH) was created in 2017 due to a hard fork of the main Bitcoin network. The idea was to design an altcoin to address Bitcoin’s shortcomings, such as slow and expensive transaction throughput. Since then, Bitcoin Cash has presented itself as a cryptocurrency that is faster, cheaper, and more scalable than Bitcoin. Despite…

Changpeng Zhao’s return to social media has reignited interest in BNB’s market performance. BNB remains the 4th largest crypto by market cap, showing resilience despite challenges. Market sentiment around BNB is neutral, with no clear control from bulls or bears. Changpeng Zhao (CZ), former CEO of Binance, has made a comeback in the public domain…

Nigerian court denies bail for Binance executive Gambaryan, citing ongoing legal process. Gambaryan’s health worsens in custody; court orders hospital care but denies release. High-profile case sparks debate over detainee treatment and international scrutiny. A Nigerian court has rejected the bail application of Binance executive Tigran Gambaryan, who was arrested in February. Gambaryan applied for…

Crypto Rover links post-election periods to Bitcoin bull markets, highlighting past cycles. Bitcoin showed strong upward trends after the 2016 and 2020 elections, according to Rover. Rover reports Trump’s 13% poll lead over Harris could signal good conditions for Bitcoin. Recent insights from Crypto Rover, an analyst on X, highlight a strong connection between U.S….

Bitcoin trades below $61K as altcoins show mixed results amid market volatility. The crypto market cap rises slightly to $2.24T, while Bitcoin’s dominance slips to 53.5%. Fear & Greed Index stays in “Fear” at 32, signaling cautious sentiment among investors. Analytical platform CryptoRank reported that Bitcoin is trading below the $61,000 mark, which shows that…

AI-powered ProKYC generates fake IDs and videos, bypassing KYC checks on crypto exchanges. Cato Networks reports that ProKYC targets exchanges using facial recognition. Criminals use ProKYC’s deepfake tech to bypass KYC systems with AI-generated identities. A new AI-powered tool, ProKYC, has raised concerns over its ability to bypass high-level Know Your Customer (KYC) protocols on…

Bitcoin shows strong liquidity at $58K, signaling potential for a bullish market move. Break above the 200MA could push Bitcoin to $70K, marking a key technical milestone. Metrics like MVRV and SOPR suggest positive outcomes if Bitcoin maintains current support. Bitcoin price shows signs of a strong bullish trend, with analysts watching carefully the support…

Bitnomial sues SEC, claiming XRP is a commodity already regulated by the CFTC. The SEC blocked Bitnomial from listing XRP futures, labeling the product as a security. The firm says Ripple Labs has not registered XRP as a security, hence compliance is impossible. Bitnomial, a Chicago-based cryptocurrency exchange, has filed a lawsuit against the United…

Ripple files a cross-appeal to address unresolved legal arguments in the SEC lawsuit. SEC challenges August ruling that XRP sales in secondary markets are not securities. Ripple challenges SEC’s argument that XRP tokens are securities under the Howey Test. Ripple has filed a cross-appeal to the ongoing case against the U.S Securities and Exchange Commission…

BitMEX introduces automated Trading Bots to simplify crypto trading around the clock. The ‘Trading Bot Challenge’ offers 22,000 USDT in rewards for both new and seasoned traders. BitMEX provides a safe platform with a strong emphasis on security and transparency. BitMEX, a crypto derivatives exchange, has introduced Trading Bots, a new feature designed to simplify…

Uniswap Labs launches Unichain on Optimism’s Superchain to help DeFi with faster transactions. The solution supports interoperability and improves the overall DeFi experience. Unichain also introduced a state of the art security feature to the validation network. Uniswap Labs has just rolled out Unichain, a new Layer 2 scaling solution. Developed on Optimism’s Superchain, Unichain…

FTX investors voluntarily dismissed the lawsuit against Sullivan & Cromwell (S&C). Moskowitz Law Firm believes the dismissal is a positive development for FTX creditors. The firm cites insufficient evidence as the primary reason for dropping the lawsuit. FTX investors voluntarily dismissed the lawsuit against the law firm Sullivan & Cromwell (S&C) following the approval of…

U.S. inflation rose 0.2% in September, exceeding expectations and signaling rising pressures. Core CPI climbed 0.3%, highlighting persistent inflation across various economic sectors. Fed rate cut expectations now shift, with a 26% chance of no cut at the November meeting. Inflation in the United States increased more than anticipated last month, sparking concerns amongst the…

Bitcoin (BTC) drops below $61K, reflecting a 2% decline amid market-wide losses. The Fear & Greed Index hit 39, indicating rising fear among cryptocurrency investors. Despite the market downturn, altcoins like PROS and SILLY have posted impressive gains. Analytical platform CryptoRank reported that Bitcoin is currently trading below $61,000. This comes as the larger market…

XRP could rise to $6.88 if it breaks key resistance at $1.97, as Egrag Crypto suggests. Egrag Crypto’s analysis points to $0.702 as a key resistance level for XRP’s next move. XRP has seen a 1.24% increase in the past week, with a market cap of $29.83 billion. XRP appears to be on the cusp…

Nearly half of hedge funds are now investing in cryptocurrencies, up from previous years. A growing number of hedge funds are shifting toward trading crypto derivatives in 2024. Most traditional hedge funds are not planning to incorporate BTC ETFs into their strategies. The number of hedge funds, which are mainly focused on traditional assets, is…

Bitcoin consolidates under resistance, suggesting a potential breakout if key support holds. Analysts observe a descending channel pattern, signaling possible bullish momentum. Peter Brandt sees Bitcoin gaining strength over gold, with a target of 123.75 oz per BTC. Bitcoin, trading at $61,046 at press time, exhibits a potential bullish momentum. A crypto influencer, Open4profit, recently…

Ethereum faces key resistance at $2,433 with a possible upside target of $2,662.   Downside risk remains if ETH drops to $2,328 before attempting another rally.   RSI shows room for momentum shift as trading volume rises, despite market cap decline. Ethereum (ETH) is currently in a crucial stage with its price fluctuating around $2,400. The traders…

South Korea’s FSC plans to investigate Upbit’s market dominance and potential risks.   Upbit holds 20% of K-Bank’s deposits, raising concerns over financial stability.   Lawmakers question Upbit-K-Bank partnership, citing profit strain and regulatory issues.   The South Korean government, through its Financial Services Commission (FSC), plans to investigate the Upbit monopoly structure. The recent market dominance by…

US prosecutors charged three crypto firms and 15 individuals for widespread fraud. The FBI used a digital token to expose market manipulation in the crypto industry. Gotbit, ZM Quant, and CLS Global engaged in wash trading to manipulate trading volumes. In the latest crackdown, federal prosecutors have filed charges against three cryptocurrency firms and fifteen…

The Thai SEC has proposed new rules for mutual and private funds for crypto investment. This proposal aims to enhance investors and align with international developments. The rules would differ between high-risk assets and stablecoins to maintain a steady value. The post Thai SEC Allows Crypto Investment in Mutual & Private Funds appeared first on…

Analysts forecast that Bitcoin could hit $90K if Trump wins the U.S. election. Bitcoin may drop to $40K if Harris wins, creating short-term uncertainty, analysts warn. Trump’s pro-crypto policies aim to make the United States a leading Bitcoin mining hub. Research firm Bernstein predicted Bitcoin’s potential trajectory in light of the upcoming US presidential election….

FTX received approval for its reimbursement plan from the US Bankruptcy Court. The repayment plan is expected to inject liquidity into the stagnant crypto market. Galaxy’s Research Head states that the initial disbursement will boost Bitcoin. The US Bankruptcy court’s approval of the defunct FTX’s repayment plan has injected optimism into the struggling bear market….

Russia’s “Crypto Queen” under investigation for hiding millions and fraud. Fedyakina was accused of deceiving investors with fake crypto & real estate schemes. Facing up to 10 years in prison, her case exemplifies the dangers of unregulated crypto investments. Russia’s “Crypto Queen” Valeria Fedyakina-known as “Bitmama”‐ is under investigation. She is accused of a huge…

ARK sells 1.4M Robinhood shares for $36.4M, nearing its 5% portfolio cap on holdings. Robinhood stock hits $25.61 in October, its highest since 2021, after a strong 2024 rise. ARK holds $368M in Coinbase, making it the third-largest investment in their portfolio. ARK Invest, the company managed by Cathie Wood, has offloaded a substantial amount…

Taiwan’s FSC initiates a trial for banks to manage digital assets, enhancing financial innovation. The trial includes strict security and anti-money laundering measures to protect all involved. New regulations require crypto firms to register by 2025 or face severe penalties. Taiwan’s Financial Supervisory Commission (FSC) has plans to start a trial for banks to manage…

Bitcoin trades above $62K with 53.80% market dominance, while overall market dips 0.10%. TRX gains 2.97%, BNB rises 2.65%, and SOL falls 0.51% among the top 10 cryptos. STFX leads top crypto gainers with a 128% surge, followed by NUB and SMURFCAT. The crypto market displayed mixed results as Bitcoin remained steady above $62,000. According…

Bitcoin mining in Ethiopia draws global interest with 600 MW of power fueling operations. Government-backed energy expansion is set to boost Ethiopia’s Bitcoin mining capacity. Low electricity costs position Ethiopia as a key player with 2.5% of Bitcoin’s hashrate. Ethiopia is becoming one of the most important players in the worldwide Bitcoin mining market. The…

Bitcoin’s network saw $37.4B in daily transaction volume, the highest since March 12. A whale withdrew $15.6M from Binance after being dormant for six months, driving volume. Santiment data shows a spike in “age consumed,” signaling older Bitcoin moving again. Bitcoin’s network experienced significant on-chain activity this week, with dormant assets being reintroduced into circulation….

TON Network reaches 100 million holders, marking rapid growth from 4.3 million this year. 75% of Toncoin holders face losses, with wealth highly concentrated among large holders. Popular Telegram gaming tokens, like Hamster Kombat, fuel TON’s accelerated expansion. The Open Network (TON) has garnered 100 million unique holders, a major development in its journey to…